unadjusted, adjusted , all the sheet need to fill out

5. Award: 17.50 points GL0303 - Extension of Problem 2-1A LO P1, P2, P3, P4, P5, P6 Mike Sweet opened a web consulting business called Sweet Homes and recorded the following transactions in its first month of operations Apr. 1 Sweet invest $2.000 cash along with office equipment valued at $35,500 in the company in exchange for common stock Apr. 2 The company prepaid $11.400 cash for telve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts Apr. 3 The company made credit purchases for $8,100 in office equipment and $4,300 in office supplies. Payment is due within 10 days Apr. 6 The company completed services for a client and immediately received $7,300 cash Apr. 9 The company completed a $15,500 project for a client, who must pay within 30 days Apr 13 The company paid 512 400 cash to settle the account payable created on April 3. Apr 19 The company paid $3,300 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in baie sheet counts Apr. 22 The company received $4,800 cash as partial payment for the work completed on April 9. Apr 25 The company completed work for another client for $5.800 on credit Apr 28 The company paid 55,800 cash in dividends. Apr 29 The company purchased $2.500 of additional office supplies on credit Apr 30 The company paid $2,500 cash for this month's utility bil Descriptions of items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $11.400 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April 1. c) Office supplies on hand as of April 30 total $1,900. d) Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value is $575 per month e) The company has completed work for a client, but has not yet billed the $2.400 fee. Wages due to employees, but not yet paid, as of April 30 total $2,900. General Journal Requirement St Retained Earnings Impact on Trial Balance Balance Sheet Statement For transactions a-f, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you "record entry". View transaction ist 1 On April 2, the company prepaid $11,400 cash for twelve months' rent for office space. Prepare the required adjusting entry, if any. 2 The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy; the policy's Coverage began on April 1. Prepare the required adjusting entry, if any. Credit 3 Office supplies on hand as of April 30 total $1,900. Prepare the required adjusting entry, if any. 4 Straight-line depreciation of office equipment, based on a 5-year He and a $9,100 salvage value, is $575 per month. Prepare the required adjusting entry, if any. Note: journal entry has been entered View Denar journal eneral Ledger > 5. Award: 17.50 points GLO303 - Extension of Problem 2-1A LO P1, P2, P3, P4, P5, P6 Mike Sweet opened a web consulting business called Sweet Homes and recorded the following transactions in its first month of operations Apr 1 Sweet invest A2 000 cash long with oneguiment valued at $35,500 in the company in exchange for common stock Apr 2 The company prepaid $11.400 cash for twelve montrent for office space. The company's policy is record prepaid expenses in balance sheet Apr. 3 The company made credit purchases for $8.100 in office equipment and $4,300 in office supplies Payment is due within 10 days Apr. The company completed services for a client and immediately received 57,300 cash Apr 9 The company completed a $15.500 project for a client who must pay within 30 days. Apr 13 The company paid $12.400 cash to settle the account payable created on April 3 Apr 19 The company pod 3.360 cash for the premium on a 12 month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts Apr 22 The company received $4,800 cash as partial payment for the work completed on April 9. Apr 25 The company completed work for another dient for $5.800 on credit Apr 28 The company paid $5.800 cash individende Apr 29 The company purchased $2.500 of actional office supplies on credit Apr 30 The company paid $2,500 cash for this month's utility bill Descriptions of items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $11.400 cash for twelve months rent for office space b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April 1. c) Office supplies on hand as of April 30 total $1,900. d) Straight line depreciation of office equipment based on a 5-year life and a $9,100 salvage value, is $575 per month e) The company has completed work for a client, but has not yet billed the $2.400 fee. Wages due to employees, but not yet paid, as of April 30 total $2,900. General Joumal General Requirement Income Statement Trial Balance ance St Retained Earings Balance Sheet Ledger For transactions al review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you did "record entry" View transactions www adjusting entry, if any. Office supplies on hand as of April 30 total $1,900. Prepare the required adjusting entry, if any. for Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value, is $575 per month. Prepare the required adjusting entry, if any. Credit 5 The company has completed work for a client, but has not yet billed the $2,400 fee. Prepare the required adjusting entry, if any. 6 Wages due to employees, but not yet paid, as of April 30 total $2,900. Prepare the required adjusting entry, if any. Note: - Journal entry has been entered econdary View Gamal General Ledger > 2/22/2020 Assignment Print View General Retained Requirement General Ledger Trial Balance Income Statement ince Sheet Earnings Impact on Income Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances, Unadjusted General Ledger Account Cash Accounts receivable Debit Credit Debit Credit No. Date Apr 30 Balance 68,640 Date Apr 30 Balance 16.500 Prepaid insurance Office supplies Debit Credit No. Balance No. Debit Credit Date Apr 30 Balance 3.360 Apr 30 Prepaid rent Office equipment Debit Credit Debit Credit Date Date Apr 30 Balance 11.400 Balance 43,600 Apr 30 Accounts payable Debit Credit Common stock Debit Credit No. No. Date Date Apr 30 Balance Balane 2,500 Balance 127,500 Dividends Services revenue Date Debit Credit No Debit Credit Balance 5,800 Date Apr 30 Balance 28,600 Utilities expense Debit Credit No. Date Apr 30 Balance 2,500 Impact on Requiem General Journal General Ledger Trial Balance Income Statement Steamed Earnings Balance Sheet Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Adjusted General Ledger Account Accounts receivable Cash Debit Credit Balance Debit Credit Blanc Date Apr 30 Date Apr 30 16.500 Prepaid Insurance Office supplies Debit Date Credit No. Debit Credit Balance Balance 5.800 Date Apr 30 Apr 30 Prepaid rent Office equipment Debit Credit Date Debit Credit No Dato Balance 11.400 Balance 43.000 Apr 30 Apr 30 Accounts payable Common stock Date Debit Credit No. Date Debit Credit Balance Balance 2.500 Apr 30 127,500 Dividends Services revenue Debit Credit Date Debit Credit Balance 5,800 Date Apr 30 Balance 28,600 Utilities expense Debit Credit Date Apr 30 Balance 2,500 General Journal Trial Blanco 2020 Assignment Print View Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Imoact on Income You may viewelther the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted SWEET HOMES Trial Balance April 30, 2016 Account Title Debit Credit 68,640 16,500 6.800 PCash Accounts receivable Office supplies Prepaid insurance - Prepaid rent office equipment Accounts payable Common stock Dividends Services revenue Utilities expense 3,360 11,400 43,600 2,500 127,500 5,800 28,600 2,500 Total 158,600 $ 158,600 2/23/2020 Assignment Print View St Retained Requirement General Journal General Ledger Trial Balance Balance Sheet Income Statement Earnings Income You may view alther the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Adjusted SWEET HOMES Trial Balance April 30, 2019 Account Title Debit Credit 68,640 16 500 6.800 3.360 11.400 43,600 Paccounts receivable Poffice supplies Prepaid insurance Prepaid rent Poffice equipment PAccounts payable Common stock Dividends Services revenue Utiles expense Total 2.500 127500 5,800 2000 2,500 158,600 S 158.600 ( General Ledger Income Statement > Descriptions of items that require adjusting entries on April 30, follow. a) On April 2, the company prepaid $11.400 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month Insurance policy the policy's coverage bogan on April c) Office supplies on hand as of April 30 total $1,900. d) Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value is $575 per month e) The company has completed work for a client, but has not yet billed the $2,400 fee. Wages due to employees, but not yet paid, as of April 30 total $2,900. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjustes balances will appear for each account, based on your selection. Unadjusted SWEET HOMES Income Statement For Month Ended April 30, 2019 Revenues: Net income Trance St Retained Earnings > J O U prethe premium paid for a 12 c) Omice supplies on hand as of April 30 total $1,900 d) Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value is $575 per month e) The company has completed work for a client, but has not yet billed the $2.400 foe. Wagos due to employees, but not yet paid, as of April 30 total $2.900. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income Use the drop-down to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted SWEET HOMES Income Statement For Month Ended April 30, 2019 Revenues: Expenses OPPO Net income ( Trial Balance St Retained Earnings > Descriptions of items that require adjusting entries on April 30, follow a) On April 2, the company prepaid $11,400 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage bega 1. c) Office supplies on hand as of April 30 total $1,900. d) Straight-line depreciation of office equipment, based on a 5-year life and a $9,100 salvage value, is $575 per month e) The company has completed work for a client, but has not yet billed the $2,400 fee. Wages due to employees, but not yet paid, as of April 30 total $2,900. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earings Balance Sheet Impact on Income The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted SWEET HOMES Statement of Retained Earnings For Month Ended April 30, 2019 Retained earings, April 1, 2019 Add: Net income Less: Dividends Retained earnings, April 30, 2019 o bora (5,800) References Worksheet Apr. 28 The company paid 55,800 cash in dividends. Apr. 29 The company purchased $2,500 of additional office supplies on credit. Apr. 30 The company paid $2,500 cash for this month's utility bill Descriptions of items that require adjusting entries on April 30, follow a) On April 2, the company prepaid $11.400 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April c) Office supplies on hand as of April 30 total $1,900. d) Straight-line depreciation of office equipment, based on a 5-year life and a $0,100 salvage value is $575 per month e) The company has completed work for a client, but has not yet billed the $2,400 fee. Wages due to employees, but not yet paid, as of April 30 total $2,900. General Journal Requirement General Ledger Trial Balance Income Statement St Retained Earnings Impact on Balance Sheet Income The unadjusted or adjusted balances will appear for each account, based on your selection. Adjusted SWEET HOMES Statement of Retained Earnings For Month Ended April 30, 2019 Retained earnings, April 1, 2019 Add: Net Income Less: Dividends Retained earnings, April 30, 2019 (5,800) ( income Statement Balance Shoot > References Income General St Retained General Requirement Balance Sheet Trial Balance Earnings Journal Ledger Statement Use the drop-downs to select the accounts properly included on the balance sheet. The unadju balances will appear for each account, based on your selection. Include all balance sheet accounts, zero balances. Unadjusted - SWEET HOMES Balance Sheet April 30, 2019 ASSETS Current assets: LIABILITIES AND EQUITY ( St Retained Earnings Impact on Income> 222/2020 Assignment Print View General Journal General Ledger Income Statement Requirement Trial Balance St Retained Earnings Balance She Use the drop-downs to select the accounts properly Included on the balance sheet. The balances will appear for each account, based on your selection. Include all balance sheet accc zero balances. Adjusted SWEET HOMES Balance Sheet April 30, 2019 ASSETS Current assets Plant assets LIABILITIES AND EQUITY St Retained Earnings Impact on income> U FIUulu hauran de represents the premium paid for a 12-month insurance polloy the policys coverage began on April 1 c) Office supplies on hand as of April 30 total $1,900. a) Straight-line depreciation of office equipment based on a 5-year and a $0,100 savage value $575 per month e) The company has completed work for a client, but has not yet billed the $2.400 fee. 1) Wages due to employees, but not yet paid, as of April 30 total $2.000 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Encome For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If adjustment caused net income to decrease, enter the amount as a negative value. Net Income before adjustments can be found on th statement tab. (Hint: Select unadjusted on the drop-down.) Unadjusted - Account affecting the Impact on not Income Income Statement Balance Sheet Adjusting entry related to: a) Rent b) Insurance c) Omice supplies d) Depreciation a) Unbilled fees Unpaid wages Balance Shoot Impact on income Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income Bojustment caused net income to decrease enter the amount as a negative value. Net Income before adjustments can be found on statement tab. (Hint: Select unadjusted on the drop-down.) Adjusted Account affecting the Impact on not Income Income Statement Balance Sheet Adjusting entry related to: a) Rent b) Insurance c) Office supplies d) Depreciation c) Unbilled foes Unpaid wages Balance Shoot con income References Worksheet Learning Objective: 03-P1 Prepare adjusting entries for Learning Objective: 03-P4 Prepare adjusting entries for accrued revenues