Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The questions are: a. Post to ledger account b. Prepare the trial balance c. Make the adjusting entries Easy Move on Consulting Company (EMC) The

image text in transcribed

The questions are:

a. Post to ledger account

b. Prepare the trial balance

c. Make the adjusting entries

Easy Move on Consulting Company (EMC) The following events occurred during its first month, 2017. Jan 2 2 3 Issued ordinary shares in exchange for $40,000 cash. Company pays $25,000 cash for equipment. Company pays $1,500 cash for supplies. Company purchase $7,000 of supplies on credit from supplier (Air Supply). 4 10 Company pays $1,000 cash for January rent. 12 13 18 Company provides consulting services and immediately collects $4,500 cash. Company pays $750 cash for employee salary. Company provides consulting services. The customer is billed $2,900 for this service. Company receives $2,900 cash from the client billed in transaction 18 January. Company pays Air Supply $1,000 cash toward the payable in transaction 4. Paid dividend $300. 20 23 25 26 Company receives $3,500 cash in advance of providing consulting services to a customer. Company pays $3,600 cash (insurance premium) for a 24-months insurance policy. 27 Coverage begins on January 1 27 28 Company pays $750 cash in employee salary for work perform in latter part of January. Company pays $180 cash for supplies Company pays $220 cash for January utilities expense 30

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_2

Step: 3

blur-text-image_3

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

Contemporary Issues In Social Science

Authors: Simon Grima, Ercan Özen, Hakan Boz

1st Edition

1800439318, 9781800439313

More Books

Students also viewed these Accounting questions

Question

LO3 Describe the purpose of equity legislation.

Answered: 1 week ago

Question

LO4 Describe the purpose of privacy legislation.

Answered: 1 week ago