Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

smble for the bience. ACCOUNTS PAYRBLE begin{tabular}{|c|c|c|c|c|c|c|} hline Month & Der & Deent & Creds & Balense Debit & EelanceCredit & Feedback hline &

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
smble for the bience. ACCOUNTS PAYRBLE \begin{tabular}{|c|c|c|c|c|c|c|} \hline Month & Der & Deent & Creds & Balense Debit & EelanceCredit & Feedback \\ \hline & & & & & & (x) \\ \hline \end{tabular} oEFnero arvenue \begin{tabular}{|c|c|c|c|c|c|c|} \hline Muth & Dery & Deba & Cret & Balance Debit & IlatanerCondt & Fetdosach \\ \hline & & & & & & \\ \hline \end{tabular} nois rarasu. \begin{tabular}{|c|c|c|c|c|c|c|} \hline Month & oor. & Dobit. & Credit & Datunce Desit & BalanceCondi & Feedback \\ \hline & & & & & & \\ \hline \end{tabular} TOMMON STOCK \begin{tabular}{|c|c|c|c|c|c|c|} \hline Momen & Day & Deth & Gedst & Balance Debit & EalanceCredit & reedback \\ \hline= & & & & & & \\ \hline \end{tabular} mimornos \begin{tabular}{|c|c|c|c|c|c|c|} \hline Moneli & Dey & Debt & Credt & astance Detat & BalanceCredit & Feeseack \\ \hline & & & & & & (6) \\ \hline \end{tabular} Enva arvenut \begin{tabular}{|c|c|c|c|c|c|c|} \hline Munh & Dar & Detat & Oendit & Balance Detit & BatanceCredit & Feedbad \\ \hline & & & & & & \\ \hline \end{tabular} GAFES \begin{tabular}{|c|c|c|c|c|c|c|} \hline Moreh & Deg & Oetat & Crests & Balance Deba & BalanceCredit & Feedback \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ ting equation related to each } & Transactions \\ \hline & Jan. & 1 & Tom and Jerry each contributed 200,000 in exchange for Common Stock of the Tu Corporation, \\ \hline & Jan. & 1 & Thecompanypurchasedequipmentworth$20,000byputtingdowna10%paymentincashandtakingouta10-monthnotepayableforthebalance. \\ \hline () & Jan. & 2 & The company prepaid 12 months of rent for $24,000 \\ \hline & Jan. & 3 & The company purchased supplies for $1,800. \\ \hline & Jan. & 4 & The company purchased prepaid insurance for $2,400 for a 6 -month policy. \\ \hline W & Jan. & 15 & The company received $30,000 for 20 service jobs to be completed in the future \\ \hline & Ian. & 16 & The company decided they were going to hire an employee for $25 per hour \\ \hline & Ian. & 17 & The company performed services worth $8,000 on account (not related to the transaction on Jan 15). \\ \hline & Jan. & 24 & The company incurred legal fees worth $1,500 on account. \\ \hline & Jan. & 29 & The company declared and paid a dividend of $800 in total ( $400 to each sharehoider) \\ \hline \end{tabular} GENERAL LEDGER \begin{tabular}{|c|c|c|c|c|c|c|} \hline & Day & ent & Const & Balance Dest & nalancecoedit & Fetdback \\ \hline & & & & & & \\ \hline in & & & & & & \\ \hline= & & & & & & \\ \hline in & & & & & & m \\ \hline in & & & & & & \\ \hline in & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline & pen: & & onden & Dateret potot & Balsnce & \\ \hline & & & & then & & m \\ \hline \end{tabular} Pirnos insumat \begin{tabular}{|c|c|c|c|c|c|c|} \hline Menth & on & Oentst & andit & Ialance bebit & Estanceceesh & Fetboud \\ \hline ar. & & & & & & 0 \\ \hline \end{tabular} punko atort \begin{tabular}{|c|c|c|c|c|c|c|} \hline Month & Der & Deber. & aedt & Ealange Debit & BalanceCoedit & Feedasad \\ \hline & & & & & & \\ \hline \end{tabular} suppues \begin{tabular}{|c|c|c|c|c|c|c|} \hline Moth & orr & Beter. & & Ialuma Betat & BalenceCondt & Feesback \\ \hline & & & & & & \\ \hline \end{tabular} raupseant \begin{tabular}{|c|c|c|c|c|c|c|} \hline Mos & ong. & Dothet & ondt & Baince Dets & SalanceCrest & Fetcback \\ \hline & & & & & & () \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The Art and Science of Assurance Engagements

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones

14th Canadian edition

134613112, 134835018, 9780134885254 , 978-0134613116

More Books

Students also viewed these Accounting questions