Transaction Entries, Posting, Trial Balance, and Adjusting Entries Huang Karate School began business on June 1. Transactions for June are as follows:

Transaction Entries, Posting, Trial Balance, and Adjusting Entries Huang Karate School began business on June 1. Transactions for June are as follows: $8,800 3,050 Support 7,440 876 525 Po Huang contributed his personal funds in exchange for common stock to begin the business. Purchased equipment for a total of Paid cash of $1,050,with a balance due in 30 days. Paid 6 months' rent. Paid one-year premium on liability insurance. Paid June newspaper advertising. Billed participants for karate lessons to date. Received from a local company funds to conduct 3 sessions. The 3 sessions will be June 29, July 6, and July 13, with a cost per session of 8 Collected on account from participants. 9 Paid to repair damage caused by an errant kick. 10 Billed participants for karate lessons to date. 11 Paid assistants' wages. 2,500 1,455 485 2,100 575 2,300 950 Credit General Journal Date Description Post ref. June Cash (U) $ Common Stock To record issuance of common stock. Equipment (2) Cash Debit 8800 $ 0 8800 3050 1050 2000 0 Accounts Payable To record purchase of equipment. Prepaid Rent (3) 7440 0 Cash 7440 (4) 876 0 876 (5) 525 525 (6) To record payment of 6 months rent. Prepaid Insurance Cash Pald one year premium on liability insurance. Advertising Expense Cash Paid for June newspaper advertising. Accounts Receivable Karate Fees Earned To record billings for karate classes. Cash Unearned Karate Fees Received advance payment for participants. Cash Accounts Receivable Collection on account from participants. Repairs Expense 2500 0 2500 (7) 1455 1455 (8) 2100 0 2100 (9) 575 0 0 575 Cash . (10) 2300 0 2300 To record repair to damaged wall. Accounts Receivable Karate Fees Earned Billed participants for lessons given. Wages Expense Cash Pald assistants wages. (11) 9500 0 950 Unearned Karate Fees Utilities Expense Cash 8800 1455 Accounts Receivable 2500 2100 2300 0 0 (15) Bal 1050 7440 876 (16) Bal 0 (10) Bal 525 1455 2100 Bal Accounts Payable Common Stock Karate Fees Earned Wages Expense (11) Bal Bal (10) (16) Bal Repairs Expense Utilities Payable Accum. Depr.-Equipment Depr. Exp.-Equipment (15) (14) (14) Bal Bal Bal Bal Advertising Expense Prepaid Insurance Insurance Expense Equipment (13) Bal (13) Bal Bal Prepaid Rent Rent Expense (12) Bal Credit HUANG KARATE SCHOOL Unadjusted Trial Balance June 30 Debit Cash 05 Accounts Receivable Prepaid Rent Prepaid Insurance Equipment Accounts Payable Unearned Karate Fees Common Stock Karate Fees Earned Repairs Expense Advertising Expense Wages Expense Totals 0 $ Please answer all parts of the question. Previous Save Answers General Journal Description Date Debit Credit Post ref. (12) To record June rent expense. To record June insurance expense. (14) OO OO OO To record june depreciation on equipment. To record estimated June utilities expense. (16) To record portion of advance payment earned in June. Please answer all parts of the question. Previous 9 Save Answers Accounts Payable Accounts Recevable Accumulated Depreciation-Equipment Advertising Expense Cash Common Stock Depreciation Expense-Equipment Equipment Insurance Expense Karate Fees Earned Prepaid Insurance Prepaid Rent Rent Expense Repairs Expense Retained Earnings Unearned Karate Fees Utilities Expense Utlilties Payable Wages Expense Transaction Entries, Posting, Trial Balance, and Adjusting Entries Huang Karate School began business on June 1. Transactions for June are as follows: $8,800 3,050 Support 7,440 876 525 Po Huang contributed his personal funds in exchange for common stock to begin the business. Purchased equipment for a total of Paid cash of $1,050,with a balance due in 30 days. Paid 6 months' rent. Paid one-year premium on liability insurance. Paid June newspaper advertising. Billed participants for karate lessons to date. Received from a local company funds to conduct 3 sessions. The 3 sessions will be June 29, July 6, and July 13, with a cost per session of 8 Collected on account from participants. 9 Paid to repair damage caused by an errant kick. 10 Billed participants for karate lessons to date. 11 Paid assistants' wages. 2,500 1,455 485 2,100 575 2,300 950 Credit General Journal Date Description Post ref. June Cash (U) $ Common Stock To record issuance of common stock. Equipment (2) Cash Debit 8800 $ 0 8800 3050 1050 2000 0 Accounts Payable To record purchase of equipment. Prepaid Rent (3) 7440 0 Cash 7440 (4) 876 0 876 (5) 525 525 (6) To record payment of 6 months rent. Prepaid Insurance Cash Pald one year premium on liability insurance. Advertising Expense Cash Paid for June newspaper advertising. Accounts Receivable Karate Fees Earned To record billings for karate classes. Cash Unearned Karate Fees Received advance payment for participants. Cash Accounts Receivable Collection on account from participants. Repairs Expense 2500 0 2500 (7) 1455 1455 (8) 2100 0 2100 (9) 575 0 0 575 Cash . (10) 2300 0 2300 To record repair to damaged wall. Accounts Receivable Karate Fees Earned Billed participants for lessons given. Wages Expense Cash Pald assistants wages. (11) 9500 0 950 Unearned Karate Fees Utilities Expense Cash 8800 1455 Accounts Receivable 2500 2100 2300 0 0 (15) Bal 1050 7440 876 (16) Bal 0 (10) Bal 525 1455 2100 Bal Accounts Payable Common Stock Karate Fees Earned Wages Expense (11) Bal Bal (10) (16) Bal Repairs Expense Utilities Payable Accum. Depr.-Equipment Depr. Exp.-Equipment (15) (14) (14) Bal Bal Bal Bal Advertising Expense Prepaid Insurance Insurance Expense Equipment (13) Bal (13) Bal Bal Prepaid Rent Rent Expense (12) Bal Credit HUANG KARATE SCHOOL Unadjusted Trial Balance June 30 Debit Cash 05 Accounts Receivable Prepaid Rent Prepaid Insurance Equipment Accounts Payable Unearned Karate Fees Common Stock Karate Fees Earned Repairs Expense Advertising Expense Wages Expense Totals 0 $ Please answer all parts of the question. Previous Save Answers General Journal Description Date Debit Credit Post ref. (12) To record June rent expense. To record June insurance expense. (14) OO OO OO To record june depreciation on equipment. To record estimated June utilities expense. (16) To record portion of advance payment earned in June. Please answer all parts of the question. Previous 9 Save Answers Accounts Payable Accounts Recevable Accumulated Depreciation-Equipment Advertising Expense Cash Common Stock Depreciation Expense-Equipment Equipment Insurance Expense Karate Fees Earned Prepaid Insurance Prepaid Rent Rent Expense Repairs Expense Retained Earnings Unearned Karate Fees Utilities Expense Utlilties Payable Wages Expense