Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 (28 points) The following transactions occurred during Spector Enterprises's first month of operations, June 2021: Jun 01 - The owner, Melvin Braveheart, created
Question 2 (28 points) The following transactions occurred during Spector Enterprises's first month of operations, June 2021: Jun 01 - The owner, Melvin Braveheart, created the company by investing $34,977 cash, a automobile worth $37,538 and $2,246 of computer, network and printing equipment. Jun 07 - The company purchased $5,788 of liability insurance for cash. Jun 07 - The company acquired pens, paperclips, and computer paper worth $2,879 on account. Jun 07 - Customers of Spector Enterprises paid $24,896 for services provided so far this month. Jun 08 - Melvin Braveheart told the bookkeeper to pay the employees $8,515 for their work this month. Jun 08 - The company purchased TV media advertising for $301. Jun 24 - The owner withdrew $7,770 for personal use. Jun 24 - The owner withdrew $7,770 for personal use. REQUIRED: 1. Prepare journal entries using the accounts provided in the general ledger. Ensure that your journal entries are in proper format. (10 marks) 2. Post the journal entries to the accounts in the general ledger. (10 marks) 3. Prepare the unadjusted trial balance. (8 marks) v Paragraph B I U v A/ oi + Lato (Recom... 19px ... Eo > o D O CH 2C
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started