The following information applies to the questions displayed below. Boomer Co. reported the following events in 2021, the first year of operations: 1. Issued common stock for $55,000. 2. Paid $14,000 for 1-year of rent from April 1, 2021, to March 31, 2022. 3. Provided services to customers on account for $112,000. 4. Incurred operating expenses on account of $45,000. 5. Received $85,500 cash from customers on account. 6. Paid $41,000 to employees for 2021 salaries. 7. Paid $36,000 on account. Adjusting Entries 8. Recorded adjusting entry for rent used in 2021 (from 2 above.) 9. Recorded adjusting entry for $6,400 of accrued salaries owed at the end of 2021. Events for 2022 1. Paid $6,400 for the salaries accrued at the end of 2021. 2. Provided services for cash of $61,000. 3. Purchased $4,800 of supplies on account. 4. Paid $16,500 for 1-year of rent April 1, 2022 to March 31, 2023. 5. Provided services to customers on account for $128,000. 6. Incurred operating expenses on account of $61,500. 7. Received $109,000 from customers on account 8. Paid $59,000 on account. 9. Paid $33,500 to employees for 2022 salaries. 10. Paid $11,000 in dividends to stockholders Adjusting Entries 11. Recorded adjusting entry for rent used in 2022. (Hint Part of the rent was paid in 2021, rent per month is not the same in each month in 2022.) 12. Recorded adjusting entry for supplies. At the end of the year, $450 of supplies were still on hand Dronare an actor trial balance for Dar2 9671 hanterinn the annuntitas and halenras from the T. Arrante in Part 3 supplies were still on hand. c. Prepare an adjusted trial balance for Dec. 31, 2021, by entering the account tities and balances from the T-accounts in Part b/2. Enter the amounts in the correct column (Debit or Credit). Check that total Debits = total Credits. Not every line will be used. BOOMER COMPANY Trial Balance December 31, 2021 Account Titles Dobit Credit Totals $ 0 $ 0 5 The following information applies to the questions displayed below. Boomer Co. reported the following events in 2021, the first year of operations: 1. Issued common stock for $55,000. 2. Paid $14,000 for 1-year of rent from April 1, 2021, to March 31, 2022. 3. Provided services to customers on account for $112,000. 4. Incurred operating expenses on account of $45,000. 5. Received $85,500 cash from customers on account. 6. Paid $41,000 to employees for 2021 salaries. 7. Paid $36,000 on account. Adjusting Entries 8. Recorded adjusting entry for rent used in 2021 (from 2 above.) 9. Recorded adjusting entry for $6,400 of accrued salaries owed at the end of 2021. Events for 2022 1. Paid $6,400 for the salaries accrued at the end of 2021. 2. Provided services for cash of $61,000. 3. Purchased $4,800 of supplies on account. 4. Paid $16,500 for 1-year of rent April 1, 2022 to March 31, 2023. 5. Provided services to customers on account for $128,000. 6. Incurred operating expenses on account of $61,500. 7. Received $109,000 from customers on account 8. Paid $59,000 on account. 9. Paid $33,500 to employees for 2022 salaries. 10. Paid $11,000 in dividends to stockholders Adjusting Entries 11. Recorded adjusting entry for rent used in 2022. (Hint Part of the rent was paid in 2021, rent per month is not the same in each month in 2022.) 12. Recorded adjusting entry for supplies. At the end of the year, $450 of supplies were still on hand Dronare an actor trial balance for Dar2 9671 hanterinn the annuntitas and halenras from the T. Arrante in Part 3 supplies were still on hand. c. Prepare an adjusted trial balance for Dec. 31, 2021, by entering the account tities and balances from the T-accounts in Part b/2. Enter the amounts in the correct column (Debit or Credit). Check that total Debits = total Credits. Not every line will be used. BOOMER COMPANY Trial Balance December 31, 2021 Account Titles Dobit Credit Totals $ 0 $ 0 5
