Try It3-1.xlsx Analysis Journal Entry Sheet3 T Account Update Try It! Given the following accounts and transaction information, complete a transaction analysis chart and journal entry for Logan Co: Accounts: Cash (110). Accounts Receivable (111), Supplies (112), and Accounts Payable (210) June 30, 2022 Logan Co purchased supplies for $600, paying $100 down and the balance due next month. P2-5A.xls a r | P2-5A. The first seven transactions of Brubacher's Gym have been posted to the company accounts as shown below: 1. Describe what happened in each transaction. Example: Transaction 1: Received cash for gym fees earned, $5,000. 2. Foot the T accounts. Accounts Receivable Supplies Exercise Equipment (A) 5000 (B) 4000 (C) 2000 (D) 1500 2000 (C) 2000 (5) 1000 (E) (F) 2000 1000 (6) Cash Accounts Payable 1500 (D) Gym Fees Earned 5000 (A) 4000 (B) Rent Expense (G) 1000 Wages Expense (E) 1000 Transaction analysis (20 min) P2-6B powerpoint exampl... G 5 A&B 5C A. Angel Withdrawals 312 Delivery Fees Eamed 411 P2-6B. The chart of accounts of Angel's Delivery Service of Flin Flon includes the following: Cash, 111; Accounts Receivable, 112; Office Equipment, 121; Delivery Trucks, 122; Accounts Payable, 211; Alice Angel, Capital, 311; Alice Angel, Withdrawals, 312; Delivery Fees Earned, 411; Advertising Expense. 511; Gas Expense, 512; Salaries Expense, 513; and Telephone Expense, 514. The following transactions resulted from Angel's Delivery Service during the month of March 2022: A. Alice invested $40.000 in the business from her personal savings account. B. Bought delivery trucks on account, $25,000. C. Advertising bill was received but not yet paid, S800. D. Bought office equipment for cash. $2.500. E. Received cash for delivery services rendered. $13,000. F. Paid salaries expense, $1,850. G. Paid gas expense for company trucks, $750. H. Billed customers for delivery services rendered, 55,500. 1. Paid telephone bill, $400. J. Received $1,600 as partial payment of Transaction H. K. Alice paid her home telephone bill with a company cheque, $88. Hints you must put this entry into her withdrawal account As Alice's newly employed accountant, you must: 1. Set up T accounts in a ledger. 2. Record transactions in the T accounts. (Place the letter of the transaction next to the entry) 3. Foot the T accounts where appropriate. 4. Prepare a trial balance at the end of March 2022. 5. Prepare from the trial balance in proper form, (a) an income statement for the month of March, (b) a statement of owner's equity for the month ended March 31, and (c) a balance sheet as of March 31, 2022. Advertising Expense 511 a Gas Expense 512 Salaries Expense 513 Telephone Expense 514 1, 2 & 3 4 5 A&B 5C Problem 2-68 Name: Section: Date: 102 al 10 (1, 2 & 3) Cash 111 A. Angel, Withdrawals 312 D 4 Accounts Receivable 112 Delivery Fees Eamed 411 Office Equipment 121 Advertising Expense 511 Delivery Trucks 122 Gas Expense 512 Accounts Payable 211 Salaries Expense 513 A. Angel, Capital 311 Telephone Expense 514 Journal Ledger Ledger (2) Ledger (3) Trial Balance BETH'S ART STUDIO GENERAL JOURNAL PAGE 1 Cr. Account Tiles and Description PR Dr. 13-21. On April , 2023, Beth Orthspeed Bath Art Studio. The following transactions din April 2025 Apr 1 Beth Orth invested $15,000 in the art studio ! Paid two month rent in advance, 51,600 3 Purchased equipment on account from Martin Company, $1,200. 5 Received $3,000 cash for art training program provided to Northwest Community College 8 Purchased art supplies for $350 cash. 9 Billed Harry Co for art lessons provided, 53,300. 10 Paid salaries expense, 5700 15 Beth withdrew $1,000 from the art studio to buy a new powers for her home 28 Paid electric bill $50 29 Paid telephone bill, 5130 Comprehensive problemi Journaling, posting and preparing a tela balance 4 min Check Pure Trial Balance Total 22.000 Required The ledigera ready set up for you based on the chart of account b. Journalise all page 1 and post the Apell transactions Depare a trial balance as of April 30, 2023 The chart of accounts includes Cash, 131: Accounts Receivable, 112: Prepaid Rent 114 Al Suppliers, 121 Equipment, 131 Accounts Payale 213. Beth Orth Capital 311: Beth Orth, Withdrawals, 312. Art Tees met 4 Blectrical Expense 11: Salaries Expense 521 Telephone Expe, 531 P3-1B.xlsx CLEANING SERVICE ERAL JOURNAL Page 1 option PR Dr. Cr P3-13. In April 2022 Lucas Arcand opened a new cleaning service in Victoria. Please assist him by Journalizing the following business transactions: 2022 1 Lucas Arcand invested $6,000 worth of cleaning equipment as well Apr. as $3,000 cash in the new business. 2 Purchased cleaning supplies on account from Rex Co., 8500. 9 Purchased office equipment on account from Ross Stationery, $400. 12 Lucas paid his home telephone bill from the company bank account, $60. 19 Received $600 cash for cleaning services performed 22 Advertising bill was received but not yet paid, 575. 23 Hydro bill was received but not yet paid, 890. 26 Performed cleaning services for Eastgate School, $700; however, payment will not be received until May. 29 Puid salaries expense, $400. 30 Paid Ross Stationery half the amount owed from April 9 transaction The chart of accounts for Lucas's Cleaning Service includes Cash, 111; Accounts Receivable, 112; Prepaid Rent, 114: Cleaning Supplies, 116; Office Equipment, 120 Cleaning Equipment, 121; Accounts Payable, 211; Lucas Arcand, Capital, 311; Lucas Arcand, Withdrawals, 312; Cleaning Fees Earned, 411; Advertising Expense, 511; Hydro Expense, 512; and Salaries Expense, 514. P3-3A.xlsx U er Ledger (2) Ledger (3) Trial Balance P3-JA. The following transactions occurred in June 2021 for A. One Placement Agency of Fredericton: 2021 June HT AGENCY JRNAL PAGE 1 PR Dr. Cr 1 A. One invested $9.000 cash in the placement agency 1 Bought equipment on account from Tinker Co, S1,500. + Earned placement fees of $1,400 but payment will not be received until July 5 A. One withdrew S600 for his personal use. 7 Paid wages expense, $300. , Placed a client on a local TV show, receiving $4,000 cash. 15 Bought supplies on account from Cinder Co, S350. 28 Paid telephone bill for June, 5220. 29 Advertising ball from Shawl Co was received but not yet paid, 5500 The chart of accounts for A. One Placement Agency is as follower Chart of Accounts Assets Owner's Equity 111 Cash 311 A One, Capital 112 Accounts Receivable 321 A One Withdrawals 131 Supplies 141 Equipment Revenue 411 Placement Fees Camed Liabilities 211 Accounts Payable Expenses 511 Wages Expense 521 Telephone Expense 531 Advertising Expense Comprehensive problem: Journalizing posting and preparing trial balance (45 min) Check Figure Trial Balance Total $16.750 Required A. The ledger is already set up for you based on the chart of accounts. b. Journalize (page 1) and post the June transactions c. Prepare a trial balance as of June 30, 2021. R SERVICE OURNAL PAGE 1 Cr. PR Dr (Excel templates for the Self-Review Quizzes are available on MyLab Accounting.) The following are the transactions of Lowe's Repair Service. Journalize the transactions in proper form. The chart of accounts includes Cash: Accounts Receivable; Prepaid Rent; Repair Supplies: Repair Equipment Accounts Payable; A. Lowe, Capital: A. Lowe, Withdrawals; Repair Fees Earned: Salaries Expense: Advertising Expense; and Supplies Expense. 2022 June 1 A. Lowe invested $7,000 cash and $5,000 worth of repair equipment in the business. 1 Paid two months' rent in advance, $1,200. 4 Bought repair supplies from Melvin Co. on account, $600. (These sup- plies have not yet been consumed or used up.) 15 Performed repair work, received $600 in cash, and had to bill Doe Co. for remaining balance of $300. 18 A. Lowe paid his home telephone bill, $50, using a company cheque. 22 Advertising bill for $400 from Jones Co. was received, but payment was not due yet. (Advertising has already appeared in the newspaper.) 25 Paid salaries, $1,400. Journal Ledger Ledger (2) Ledger (3) Trial Balance BETH'S ART STUDIO GENERAL JOURNAL PAGE 1 Account Tiles and Description PR Dr Cr -21. On April 1, 2023, Beth Orth speed Both's Art Studio. The following transaction ed in April 2023 Apr 1 Beth Orth invested $15,000 in the art studio 1 Paid two months' rent in advance, 51,600 3 Purchased equipment on account from Martin Company, $1,300. 5 Received $3,000 cash for art training program provided to Northwest Community College # Purchased art supplies for $350 cash 9 Billed Harry Co for art lessons provided, 53,300. 10 Paid salaries expense, $700. 15 Beth withdrew $1,000 from the antstodio to buy a new power for her bome 28 Paid electric Will $50 29 Paid telephone bill, 5130 Competenulve problem: Journaling poeting and preparing a total balance ODOS min Check Pure Trial Balance Total 22.600 Required The ledige bry set up for you based on the chart of account b. Journalize all page 1) and post the April ansactions Prepare a trial balance of April 30, 2023 The chart of accounts includes Cash 111 Accounts Receivable, 112: Prepaid Rent 114 Art Suppliers, 121: Equipment, 131 Account Payale 211: Beth Orth Capital 911: Beth Orth. Withidewal, 312Art Tees met 4: Electrical Expense, 311: Salaries Expense 521 Telephone Expen, 531