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The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries
The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Requirement General Journal Provide services to customers, $44,000, of which $19,400 is on account. Collect on accounts receivable, $16,400. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $8,700 from 2023 (prior year). Pay repairs and maintenance expenses, $11,400. Purchase equipment for $6,400 cash. Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries, Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. View transaction list General Ledger Journal entry worksheet Note: Enter debits before credits. Debits $ 12,000 6,400 2,400 18,000 $ 38,800 Date December 31 Retained Earnings Record entry Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the entry to close the expense accounts. 9 General Journal Repairs and Maintenance Expense Salaries Expense Supplies Expense Depreciation Expense Clear entry Credits $ 6,200 8,700 17,000 6,900 $ 38,800 10 Income Statement Balance Sheet Dobit 12 13 Credit 11,400 19,600 1,400 View general Journal > The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. Mareh 12 2. May 2 3. June 30 4. Augunt 1 5. September 25 Pay salaries of 60,700 fron 2023 (prior year). 6. September 25 Pay rep-ire and mintenance expenses, $11,400, 6. Decober 19 Perehald equiptent for $6,100cash. 7. Decomber jo Pay $1,100 eakh dividenda to stoekholders. The following information is avallable for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. Olfice supplies remaining on hand at the end of the year equal $1,000. Prepare the journal entries for transactions. (If no entry is required for a transactiorvevent, select "No Journal Entry Required" in the nrst account ficld.) Provide eervicea to cuateners, $44,000, of whleh $19,400 is on account. Collect on aceounte receivable, $16,400. Insue thares of conson atock in exehange for $6,000 cash. Pay salaries of 80,700 fren 2023 fpeler yoer) Wotnil later aebres Denpre creors
The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Requirement General Journal Provide services to customers, $44,000, of which $19,400 is on account. Collect on accounts receivable, $16,400. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $8,700 from 2023 (prior year). Pay repairs and maintenance expenses, $11,400. Purchase equipment for $6,400 cash. Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries, Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. View transaction list General Ledger Journal entry worksheet Note: Enter debits before credits. Debits $ 12,000 6,400 2,400 18,000 $ 38,800 Date December 31 Retained Earnings Record entry Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the entry to close the expense accounts. 9 General Journal Repairs and Maintenance Expense Salaries Expense Supplies Expense Depreciation Expense Clear entry Credits $ 6,200 8,700 17,000 6,900 $ 38,800 10 Income Statement Balance Sheet Dobit 12 13 Credit 11,400 19,600 1,400 View general Journal >
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