U way en Minox 1983 saren a Welcome, Amanda 1114 Accounting Principles - Fall 2021 Homework: Practice Set - Chap 3 Question 1, PSF3-46 (si... Part 1 of 8 HW Score: 0 O Points: 0 Consider the following transactional data for the first month of operations for Clear Up Cleaning Click the icon to view the transactions) Start trom the unadjusted trial balance that Clear Up Cleaning prepared at November 30, 2024, and consider the following adjustment data Click the icon to www the unadjusted trial balance) Click the icon to view the adjustment data) Road the requirements Requirement 1. Prepare all required adjusting journal entries at November 30. (Record debits test, then credits. Select the exploration on the tastine of the journal entry tone) Cleaning supplies on hand at the end of November were $120. Prepare the required adjusting journal entry Accounts and Explanation Credit Debit Date NON 30 e Text Pages Calculator Get More Help 12 II e Type here to search Nov. 1 Jack Hovey contributed $35,000 and a truck, with a market value of $9,000, to the business in exchange for capital Nov. 2 The business paid $1,200 to Pricey Properties for November through February rent (Debit Prepaid Rent) Nov. 3 Paid S1 200 for a business insurance policy for the term November 1, 2024 through October 31, 2025. (Debit Prepaid Insurance) Nov. 4 Purchased cleaning supplies on account, $200 Nov.5 Purchased on account an industrial vacuum cleaner costing 54,500. The invoice is payable November 25 Nov. 7 Paid $2,100 for a computer and printer Nov. 9 Performed cleaning services on account in the amount of $4,800 Nov. 10 Received $1,400 for services rendered on November 9. Nov. 15 Paid employees $300 Nov. 16 Received $33,000 for a 1-year contract beginning November 16 for cleaning services to be provided Contract begins November 16, 2024, and ends November 15, 2025. (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received $300 cash Nov. 18 Received a utility bill for $300 with a due date of December 4, 2024. (Use Accounts Payable) Print Done e 99. payout Hui 2 Nov. 7 Paid $2,100 for a computer and printer Nov. 9 Performed cleaning services on account in the amount of $4,800 Nov. 10 Received $1,400 for services rendered on November 9 Nov. 15 Paid employees, $300 Nov. 16 Received $33,000 for a 1-year contract beginning November 16 for cleaning services to be provided Contract begins November 16, 2024, and ends November 15, 2025 (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received $300 cash Nov. 18 Received a utility bill for $300 with a due date of December 4, 2024. (Use Accounts Payable) Nov. 20 Borrowed $90,000 from bank with interest rate of 3% per year Nov. 21 Received $700 on account for services performed on November 9, Nov. 25 Paid $2,250 on account for vacuum cleaner purchased on November 5. Nov. 29 Paid $600 for advertising Nov. 30 Hovey withdrew cash of $1,500 from the business Print Done Clear Up Cleaning Unadjusted Trial Balance November 30, 2024 Balance Debit Credit Account Title Cash $ 151,250 2.700 Accounts Receivable 200 1,200 Cleaning Supplies Prepaid Rent Prepaid Insurance Equipment 1.200 Truck 6,600 9,000 $ Accounts Payable 2,750 Unearned Revenue 33,000 Notes Payable 90,000 Print Done Clear All 70F Clear 200 Cleaning Supplies Prepaid Rent 1,200 1,200 Prepaid Insurance Equipment 6,600 Truck 9,000 Accounts Payable $ 2,750 Unearned Revenue 33,000 Notes Payable 90,000 44,000 Hovey, Capital Hovey, Withdrawals 1,500 Service Revenue 5,100 Salaries Expense 300 Advertising Expense 600 Utilities Expense 300 S 174,850 $ 174,850 Total Print Done Clear All 70F Clear 18 More Info a. Cleaning supplies on hand at the end of November were $120. b. One month's combined depreciation on all depreciable assets was estimated to be $260. c. One month's interest expense is $74. Print Done Clear All 0 70F Clear
