The following events apply to Paradise Vacations's first year of operations:

Acquired $$31,000$ cash from the issue of common stock on January $1,$ Year $1.$

Purchased $$1,350$ of supplies on account.

Paid $$5,520$ cash in advance for a one$-$year lease on office space.

Earned $$39,350$ of revenue on account.

Incurred $$14,150$ of other operating expenses on account.

Collected $$29,500$ cash from accounts receivable.

Paid $$9,550$ cash on accounts payable.

Paid a $$4,100$ cash dividend to the stockholders.

Information for Adjusting Entries

$9.$ There was $$260$ of supplies on hand at the end of the accounting period.

$10.$ The lease on the office space covered a one$-$year period beginning November $1.$

$11.$ There was $$4,700$ of accrued salaries at the end of the period.

Required

a$.$ Record these transactions in general journal form.

b$.$ Post the transaction data from the journal to ledger T$-$accounts.

c$.$ Prepare a trial balance.

d$-1.$ Prepare an income statement.

d$-2.$ Prepare a statement of changes in stockholders equity.

d$-3.$ Prepare a balance sheet.

d$-4.$ Prepare a statement of cash flows.

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Req A$,$Req B$,$Req C$,$Req D$1,$Req D$2,$Req D$3]]$

Record these transactions in general journal form. $($If no entry is required for a event, select $"$No account field.$)$

The following events apply to Paradise Vacations's first year of operations:

Acquired $$31,000$ cash from the issue of common stock on January $1,$ Year $1.$

Purchased $$1,350$ of supplies on account.

Paid $$5,520$ cash in advance for a one$-$year lease on office space.

Earned $$39,350$ of revenue on account.

Incurred $$14,150$ of other operating expenses on account.

Collected $$29,500$ cash from accounts receivable.

Paid $$9,550$ cash on accounts payable.

Paid a $$4,100$ cash dividend to the stockholders.

Information for Adjusting Entries

$9.$ There was $$260$ of supplies on hand at the end of the accounting period.

$10.$ The lease on the office space covered a one$-$year period beginning November $1.$

$11.$ There was $$4,700$ of accrued salaries at the end of the period.

Required

a$.$ Record these transactions in general journal form.

b$.$ Post the transaction data from the journal to ledger T$-$accounts.

c$.$ Prepare a trial balance.

d$-1.$ Prepare an income statement.

d$-2.$ Prepare a statement of changes in stockholders equity.

d$-3.$ Prepare a balance sheet.

d$-4.$ Prepare a statement of cash flows.

Complete this question by entering your answers in the tabs below.

Req A

Req B

Req C

Req D$1$

Req D$2$

Req D$3$

Record these transactions in general journal form. $($If no entry is required for a event, selec account field.$)$

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