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See the ABC Company Trial Balance for account information. This will help you to choose the correct account names You will need to create
See the ABC Company Trial Balance for account information. This will help you to choose the correct account names You will need to create new accounts/account names for some entries as not all accounts have been used in this fiscal period (and therefore do not appear on the worksheet) You do not need to include descriptions for the journal entries in this assignment. You should "show your work" by including your calculations throughout the assignment to show your process and to receive part marks if there are errors. Transaction Information: 1 B Henshmin opened ABC Company on January 1, 2015 with the following assets and Babilities: Cash $10,000, Office Equipment $5,000, and Bank Loan $8,000. Journalize this opening entry DATE PARTICULARS PR DEBIT 2 On February 1, 2021, a cash receipt for $400 was received as an advance payment for future services for a customer. Journalize this transaction DATE PARTICULARS P.I DEBIT 3. On February 20, 2021, a memo was received from 5. Henshim (owner) that $300 of the services mentioned above were provided. Joumalize this transaction DATE PARTICULARS PR DEBIT 4 Late Invoices arrived on January 8th, 2022. Assume one common account can be used for the credit portion of the entry. The invoice for Supplies purchased was $200 and the invoice for Hydro used was $100 Journalize this adjusting entry 5 DATE PARTICULARS PR DEBIT On the Trial Balance, Supplies have a balance of $5000. At the end of the fiscal period, a physical count of supply indicates that 56000 of supplies are remaining Calculate the value of the supplies used up and show your work here CREDIT CREDIT CREDIT CREDIT
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