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Use the following to answer questions 21-27 A. Cash B. Accounts Receivable venue C. Supplies D. Prepaid advertising E. Equipment ex 21. 22. 23. February
Use the following to answer questions 21-27 A. Cash B. Accounts Receivable venue C. Supplies D. Prepaid advertising E. Equipment ex 21. 22. 23. February 1st transaction is completed as an example: Only include the letter of the account not the account name. AMOUNT 24. 25. 26. O * * * * 4 4 4 Date ASSETS February 01 (ex) February 2 February 7 February 14 February 15 February 28 28 February Date FEB 1 Feb 2 Feb 7 Feb 14 Feb 15 Feb 28 Feb 28 F 10,000 Beg bal H Cash De LIABILITIES & STOCKHOLDERS' EQUITY A F. Accounts Payable G. Salaries Payable H. Deferred revenue 1. Notes Payable J. Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L. Advertising expense M. Rent Expense N. Salaries/Wage expense O. Utilities expense Transaction Paid an Accounts Payable Collected from customers for service to be provided later Purchased supplies and paid cash Advertising paid for last month was used today Provided services to customers who paid on Feb 2nd Recorded monthly salaries, will pay later Provided services to customers on account Account Account payable (L-) Cash (A-) Deferred Revenue Debit 500 10,00 $500 10,000 300 1,000 10,000 5,000 2,500 Credit 500 27. If January 31st cash was $10,000, what is the cash balance $ at the end of the day on 2/28? (Make sure to include the Feb 1 example).
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