trial balance
Trial Balance Rel JOURNAL Graphic Design, Inc. February Transactions February 2, 2018 Received an additional investment of cash from Anna, $4,000, Anna was given 4000 shares of S1.00 par value common stock. February 2, 2018 Purchased additional office equipment with cash, $1,560. February 5, 2018 Dividend previously declared to Anna, the sole shareholder, was paid. February 6, 2018 Received graphic equipment transferred to the business from Anna, $1,400. Anna was given 1400 shares of SL.00 par value common stock. February 7, 2018 Paid amount owed for January's telephone bill received in January. February 9, 2018 Purchased additional office supplies with cash, $550. February 12, 2018 Anna paid her receptionist $800 in wages for the period January 29 thru February 9 (10 workdays). Go back and look at your adjusting entries for January February 13, 2018 Paid the total amount due Morgan Equipment. February 13, 2018 Accepted an advance fee in cash for design work to be done for Williams' Art Company, $6,500. February 14, 2018 Purchased additional graphic supplies on credit from Taylor Supply Company, $1,250. February 16, 2018 Purchased a copier (office equipment) from Thompson Equipment for S1,800. Paid $250 in cash and agreed to pay the rest over the next few months. February 19, 2018 Received full payment from Ward Department Store for work done last month. February 21, 2018 Performed design work and received a cash fee, S2,160. February 22, 2018 Performed design work for Mathis Department Stores and agreed to accept payment next month, $1,850. February 23, 2018 Performed design work for a cash fee, S1,350. February 26, 2018 Paid the secretary for two weeks' wages, $800, for the period February 12 thru February 23. February 26, 2018 Paid the rent for March and April in advance, S1,400. February 27, 2018 Received and paid the utility bill for February, S185. Received the telephone bill for February, which will be paid next month, S195 February 28, 2018 The corporation declared a cash dividend of $.15 a share, to be paid in March. February 28, 2018 Instructions for February: 1. Journalize February's transactions in the general journal. 2. Post February's journal entries to the general ledger. 3. Prepare a trial balance. 4. Journalize adjusting entries for February in the general journal. 5. Post February's adjusting entries to the general ledger. adjusted trial balance. 6. Prepare an 7. Prepare the financial statements in the proper order (Income Statement, Retained Earnings Statement, Balance Sheet-both styles) 8. Journalize the closing entries for February in the general journal. 9. Post February's closing entries in the general ledger. 10. Prepare a post closing trial balance for February Trial Balance Rel JOURNAL Graphic Design, Inc. February Transactions February 2, 2018 Received an additional investment of cash from Anna, $4,000, Anna was given 4000 shares of S1.00 par value common stock. February 2, 2018 Purchased additional office equipment with cash, $1,560. February 5, 2018 Dividend previously declared to Anna, the sole shareholder, was paid. February 6, 2018 Received graphic equipment transferred to the business from Anna, $1,400. Anna was given 1400 shares of SL.00 par value common stock. February 7, 2018 Paid amount owed for January's telephone bill received in January. February 9, 2018 Purchased additional office supplies with cash, $550. February 12, 2018 Anna paid her receptionist $800 in wages for the period January 29 thru February 9 (10 workdays). Go back and look at your adjusting entries for January February 13, 2018 Paid the total amount due Morgan Equipment. February 13, 2018 Accepted an advance fee in cash for design work to be done for Williams' Art Company, $6,500. February 14, 2018 Purchased additional graphic supplies on credit from Taylor Supply Company, $1,250. February 16, 2018 Purchased a copier (office equipment) from Thompson Equipment for S1,800. Paid $250 in cash and agreed to pay the rest over the next few months. February 19, 2018 Received full payment from Ward Department Store for work done last month. February 21, 2018 Performed design work and received a cash fee, S2,160. February 22, 2018 Performed design work for Mathis Department Stores and agreed to accept payment next month, $1,850. February 23, 2018 Performed design work for a cash fee, S1,350. February 26, 2018 Paid the secretary for two weeks' wages, $800, for the period February 12 thru February 23. February 26, 2018 Paid the rent for March and April in advance, S1,400. February 27, 2018 Received and paid the utility bill for February, S185. Received the telephone bill for February, which will be paid next month, S195 February 28, 2018 The corporation declared a cash dividend of $.15 a share, to be paid in March. February 28, 2018 Instructions for February: 1. Journalize February's transactions in the general journal. 2. Post February's journal entries to the general ledger. 3. Prepare a trial balance. 4. Journalize adjusting entries for February in the general journal. 5. Post February's adjusting entries to the general ledger. adjusted trial balance. 6. Prepare an 7. Prepare the financial statements in the proper order (Income Statement, Retained Earnings Statement, Balance Sheet-both styles) 8. Journalize the closing entries for February in the general journal. 9. Post February's closing entries in the general ledger. 10. Prepare a post closing trial balance for February
