Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TRHM206 Arzu ATAN SNAPPR PHOTOGRAPHY COMP. Instructions: ADJUSTED TRIAL BALANCE, JANUARY 31,2018 (a) Post the transactions to ledger (13 Dr. Cr. points) CASH 15.030 ACCOUNTS
TRHM206 Arzu ATAN SNAPPR PHOTOGRAPHY COMP. Instructions: ADJUSTED TRIAL BALANCE, JANUARY 31,2018 (a) Post the transactions to ledger (13 Dr. Cr. points) CASH 15.030 ACCOUNTS RECEIVABLE 2.500 (b) Prepare an income statement for OFFICE SUPPLIES 2.500 January 31, 2018 (5 points) PREPAID RENT 15.000 EQUIPMENT 150.000 ACCOUNTS PAYABLE 55.000 (c) Prepare a retained earnings statement for January 31, 2018 (5 points) NOTES PAYABLE 42.730 COMMON STOCK 100.000 DIVIDEND 5.000 (d) Prepare a balance sheet at January 31 (11 points) SERVICE REVENUE 10.600 WAGES EXPENSE 15.000 (e) Prepare the closing entries using ELECTRICITY EXPENSE 3.000 the ledger (choose a different color 300 GOOGLE FIBER (INTERNET PROVIDER) EXPENSE when closing the accounts, or identify them as "closing entry") (13 points) 208.330 208.330 TOTAL 47 POINTS= 100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started