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This is a continuation of the Eli's Consulting Services from the previous chapter. 1. On December 31, 2021 Trayton Bli counted the supplies. Remaining
This is a continuation of the Eli's Consulting Services from the previous chapter. 1. On December 31, 2021 Trayton Bli counted the supplies. Remaining supplies totaled $1,000. 2. On November 30, 2021, Eli's Consulting Services paid $8,000 rent for December and January. 3. On December 1, Eli's Consulting Services purchased $11,000 worth of equipment. The equipment has an estimated useful life of five years and no salvage value. Requirement Show less A General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income 33% of available points General Journal Tab - For transactions 1-3, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. No Input required-General Ledger Tab Each journal entry is posted automatically to the general ledger. Use the dropdown button to view the unadjusted or adjusted balances. No Input required Trial Balance Tab - You may view either the unadjusted or adjusted trial balance by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. 17% of available points Income Statement Tab - Use the dropdowns to select the accounts to be displayed (Unadjusted or Adjusted). The balances will appear for each account, based on your selection. No input required -Statement of Owner's Equity Tab - The unadjusted or adjusted balances will appear for each account, based on your selection. 22% of available points -Balance Sheet Tab - Use the dropdowns to select the accounts to be displayed (Unadjusted or Adjusted). The balances will appear for each account, based on your selection. 28% of available points - Impact on Income Tab - For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Forairement General Journal >
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