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Save a copy of the spreadsheet by dlicking on the Spreadsheet here. You will need this completed spreadsheet for the remaining parts of this Continuing
Save a copy of the spreadsheet by dlicking on the "Spreadsheet" here. You will need this completed spreadsheet for the remaining parts of this Continuing Problem. Be sure to save the spreadsheet in a safe place for future use. PS Music's chart of accounts and the balance of accounts as of July 1, 2019 (all normal balances), are as follows: 11 Cash $3,920 41 Fees Earned $6,200 400 800 675 300 1,590 500 180 415 12 Accounts Receivable 1,000 50 Wages Expense 14 Supplies 170 51 Office Rent Expense 15 Prepaid Insurance 17 Office Equipment 21 Accounts Payable 23 Unearned Revenue 31 Peyton Smith, Capital 52 Equipment Rent Expense 53 Utilities Expense 250 54 Music Expense -55 Advertising Expense 4,000 56 Supplies Expense 32 Peyton Smith, Drawing Required: Review the spreadsheet and notice that the July 1, 2019, account balances have been entered in the appropriate balance column of the four column 500 59 Miscellaneous Expense accounts. The word Balance has been entered in the Item column, and a check mark (V) has been entered in the Posting Reference column. The following ledger accounts appear below, in this order: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Office Equipment, Accumulated Depreciation - Office Equipment, Accounts Payable, Wages Payable, Unearned Revenue, Peyton Smith, Capital, Peyton Smith, Drawing, and Income Summary Beginning balances from the textbook have already been entered. - The remaining accounts are found on the next page. An asterisk (") will appear in the column to the right of an incorrect amount. LEDGERS Balance Sheet accounts Cash Date 2019 Post Ref.Dr Balance tem Cr Dr Cr 7/1 Balance 3,920 Cash Accounts Receivable 12 14 15 17 Accumulated Depreciatio 21 23 31 32 Peyton Smith, Capital 41 50 Supplies Prepaid insurance Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Drawing Balance Sheet AccountsIncome Statement Accounts Save a copy of the spreadsheet by dlicking on the "Spreadsheet" here. You will need this completed spreadsheet for the remaining parts of this Continuing Problem. Be sure to save the spreadsheet in a safe place for future use. PS Music's chart of accounts and the balance of accounts as of July 1, 2019 (all normal balances), are as follows: 11 Cash $3,920 41 Fees Earned $6,200 400 800 675 300 1,590 500 180 415 12 Accounts Receivable 1,000 50 Wages Expense 14 Supplies 170 51 Office Rent Expense 15 Prepaid Insurance 17 Office Equipment 21 Accounts Payable 23 Unearned Revenue 31 Peyton Smith, Capital 52 Equipment Rent Expense 53 Utilities Expense 250 54 Music Expense -55 Advertising Expense 4,000 56 Supplies Expense 32 Peyton Smith, Drawing Required: Review the spreadsheet and notice that the July 1, 2019, account balances have been entered in the appropriate balance column of the four column 500 59 Miscellaneous Expense accounts. The word Balance has been entered in the Item column, and a check mark (V) has been entered in the Posting Reference column. The following ledger accounts appear below, in this order: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Office Equipment, Accumulated Depreciation - Office Equipment, Accounts Payable, Wages Payable, Unearned Revenue, Peyton Smith, Capital, Peyton Smith, Drawing, and Income Summary Beginning balances from the textbook have already been entered. - The remaining accounts are found on the next page. An asterisk (") will appear in the column to the right of an incorrect amount. LEDGERS Balance Sheet accounts Cash Date 2019 Post Ref.Dr Balance tem Cr Dr Cr 7/1 Balance 3,920 Cash Accounts Receivable 12 14 15 17 Accumulated Depreciatio 21 23 31 32 Peyton Smith, Capital 41 50 Supplies Prepaid insurance Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Drawing Balance Sheet AccountsIncome Statement Accounts
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