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to include a tew new accounts. rollow the instructions on the kequirements tab to complete tne accounting recoras tor the montn or January. DATE TRANSACTIONS
to include a tew new accounts. rollow the instructions on the kequirements tab to complete tne accounting recoras tor the montn or
January.
DATE TRANSACTIONS
January Purchased supplies for $; issued Check
January Purchased a oneyear insurance policy for $
January Sold services for $ in cash and $ on credit during the first week of January.
January Collected a total of $ on account from credit customers during the first week of January.
during the month.
January collected a total of $ on account from credit customers during the second week of January.
January Returned supplies that were damaged for a cash refund of $
January Sold services for $ in cash and $ on credit during the second week of January.
January Purchased supplies for $ from White's, Incorporated; received Invoice payable in days.
January Sold services for $ in cash and $ on credit during the third week of January.
January collected a total of $ on account from credit customers during the third week of January.
January Issued Check for $ to pay for maintenance work on the office equipment.
January Received the monthly telephone bill for $ and paid it with Check
January collected a total of $ on account from credit customers during the fourth week of January.
January Issued Check for $ to office Plus as payment on account for Invoice
January Sent Check for $ in payment of the monthly bill for utilities.
January Sold services for $ in cash and $ on credit during the fourth week of January.
January Issued Check for $ for personal use.
January Issued Check for $ to pay for maintenance services for the month.
the rest on credit. The equipment has a fiveyear life and no salvage value.
January Sold services for $ in cash and $ on credit on January
ADJUSTMENTS
of $ on hand.
January Compute and record the adjustment for expired insurance for the month.
January Record the adjustment for one month of expired rent of $
for the new equipment will be recorded in February.
Required:
General Ledger tab: Enter the account balances for January X from the postclosing trlal balance prepared on December
X which appears in Flgure
General Journal tab: Analyze each of the transactions listed for January and record it in the general journal.
General Ledger tab: Post the transactions to the general ledger accounts.
Worksheet tab: Prepare the Trial Balance section of the worksheet.
Worksheet tab: Prepare the Adjustments section of the worksheet using the acdusting transactions.
Worksheet tab: Complete the worksheet.
Income Statement tab: Prepare an Income statement for the month.
Statement of Owner's Equity tab: Prepare a statement of owner's equity.
Balance Sheet tab: Prepare a balance sheet.
Adjusting and Closing tab: Record the adjusting entrles and the closing entrles in the general journal.
General Ledger tab: Post the adjusting entrles and the closing entrles to the general ledger accounts.
Post Closing tab: Prepare a postclosing trial balance.
Analyze: Answer the questions on the Analyze tab to compare the January balance sheet you prepared with the December
balance sheet shown in Flgure
PLEASE COMPLETE THE GENERAL LEDGER, STATEMENT OF OWNER'S EQUITY, POSTCLOSING TRIAL BALANCE AND THE ANALYZE PORTION
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