Using the general Journal worksheet tab prepare the adjusting journal entries based on the following transactions Account Number Transactions 1 incurred $1000 o rance expense at 12/31 prepaid insurance account was set up in October Chart of Accounts Account Name Accounts Receivable Supplies on Hand Prepaid murance Prepaid Rent Interest Receivable Accumulated Depreciation Salaries Payable Unearned Service Fee Service Revenue interest Revenue Salaries Expense Insurance Expense Z curred o rent expense at 12/31 prepaid rent account was set up in November Used 1800 of oplies by 12/31 supplies on hand was set up 4 Calculated $4000 of depreciation expense Supplies Expense 5 Lamed $15000 of service revenue at 12731 uneared service recue was previously set up 6 Lammed verest income of $500 but money has not been received at 12/31 Services of $5000 was earned but Employees earned solanes of $500 but will not be paid the following year Numbers File Edit Insek Table Organize Format Arrange View Share Window Help Chap4worksheettest (1) 2 76% View Zoom Add Category Insert incomestatement Table Chart Text retained earnings Shape Media Comment balancesheet generaljournal worksheet closingentry - MICROTRAIN COMPANY For the Month Ended December 31, 2012 Account Account Name 100 Cash 103 Accounts Receivable 107 Supplies on Hand 10 kpd murance 112 Prepaid Rent 150 Trucks 150 Accumlated Depreciat 200 Accounts Payable 204 Salaries Payable 216 Uneared Service Fee 700 Capital Stock 120 Dividendos 400 Service Fee 418 Interest Revenue 50s Advertising Expense Ghoul Sories Expense SI D es Expense 512 Iurance Expense 515 Rent Depende Depreciation Retained Earnings 12/11/2012 Complete the worksheet by preparing the journal entries based on the transactions listed in the transaction worksheet, use the general journal worksheet to journalize the entries, then post the journal entries to the worksheet tab in the highlighted adjustment column Once you have completed the worksheet exam upload it to Canvas. Use the Practice Worksheet as a guide to completing this assignment Professor Bradford Transactions generaljournal worksheet incomestatement retained earnings balanceshee Using the general journal worksheet tab prepare the adjusting journal entries based on the following transactions Chart of Accounts Account Name Transactions 1 incurred $1000 of insurance expence at 12/31 prepaid murance account was set up in October 2 incurred 54000 of rent expense M 12/31 prepaid rent account was set up in November Supplies on Hand Prepaid Insurance Prepaid Rent Interest Receivable Accumulated Depreciation Salaries Payable Uneamed Service Fee Service Revenue interest Revenge Salaries Expense wrance Expense 3 Used $1500 of supplies by 12/31 supplies on hand was set up in July 4 Calculated 56000 of depreciation expense Supplies Expense ecatlan mense D 5 Earned $15000 of service revenue at 12/31 uneared service revenue was previously set up 6 Earned interest income of $500 but money has not been received at 12/31 7 Services of $5000 was earned out not received at 12/11 8 Employees earned salaries of $2500 but it will not be paid until the following year. MICROTRAIN COMPANY General Journal Adjusting Entries Account Titles & Explanations Ref.# Date Debit Credit I 1 Insert Text View + Zoom Transactions Add Category generaljournal Table Chart incomestatement Shape Media Comment retained earnings worksheet balanceshe MICROTRAN COMPANY Worksheet For the Month Ended December 31, 2012 count Account Name - -- - - - - 200 Accounts Payable 200 Swan Perable 216 Ured Servere 300 Capital Stock 101 10 de -- SOL ------ 512 urce pe 515 perse 51 pente 570 Deprecate pente - 2.70 125% Chap4worksheettest (1) DET Insert Table Chart Text Shape Media Comm worksheet inconestatement retained earnings Zoom Add Category Transactions generaljournal MICROTRAIN COMPANY Income Statement For the Month Ended December 31, 2012 $ 13,920 $ 13,920 Revenues: Service Fee InterestRevenue Total Revenue Expenses: Advertising Gas & Oil Expense Salaries Expense Utilities Expense Insurance Expense Rent Expense Supplies Expense Depreciation Expense Total Expenses 3,050 680 3,600 11.200 Net Income $ 2,720 MICROTRAIN COMPANY Balance Sheet December 31, 2012 Assets Cash Accounts Receivable Supplies on Hand Prepaid Insurance Prepaid Rent Interest Receivable Trucks Accumlated Depreciation Total Assets 8,320 6,200 4,400 2,400 4,200 $ 40,000 40,000 65,520 $ 300 Liabilities Accounts Payable Salaries Payable Unearned Service Fee Total Liabilities 15,000 15,300 Stockholders Equity Capital Stock $ 50,000 Retained Earnings 220 Total Stockholders'Equity Total Liabilities & Stockholders' Equity $ $ 50,220 65,520 MUNeslalemleri Pelained earnings MICROTRAIN COMPANY General Journal Adjusting Entries Date Account Titles & Explanations Ref.# Debit Credit 12/31/14 Service Revenue 400 13,920 Interest Revenue 418 Income Summary 600 13,920 To close the revenue accounts in the IncomeStatement credit column to Income Summary 505 3,050 680 3,600 150 12/31/14 Income Summary 600 11,200 Advertising Expense Gas & Oil 506 Salaries Expense 507 Utilities Expense 511 Insurance Expense 512 Rent Expense 515 Supplies Expense 518 Depreciation Expense 521 To close the expense accounts appearing in the Income Summary debit column to Income Summary 3,720 Using the general Journal worksheet tab prepare the adjusting journal entries based on the following transactions Account Number Transactions 1 incurred $1000 o rance expense at 12/31 prepaid insurance account was set up in October Chart of Accounts Account Name Accounts Receivable Supplies on Hand Prepaid murance Prepaid Rent Interest Receivable Accumulated Depreciation Salaries Payable Unearned Service Fee Service Revenue interest Revenue Salaries Expense Insurance Expense Z curred o rent expense at 12/31 prepaid rent account was set up in November Used 1800 of oplies by 12/31 supplies on hand was set up 4 Calculated $4000 of depreciation expense Supplies Expense 5 Lamed $15000 of service revenue at 12731 uneared service recue was previously set up 6 Lammed verest income of $500 but money has not been received at 12/31 Services of $5000 was earned but Employees earned solanes of $500 but will not be paid the following year Numbers File Edit Insek Table Organize Format Arrange View Share Window Help Chap4worksheettest (1) 2 76% View Zoom Add Category Insert incomestatement Table Chart Text retained earnings Shape Media Comment balancesheet generaljournal worksheet closingentry - MICROTRAIN COMPANY For the Month Ended December 31, 2012 Account Account Name 100 Cash 103 Accounts Receivable 107 Supplies on Hand 10 kpd murance 112 Prepaid Rent 150 Trucks 150 Accumlated Depreciat 200 Accounts Payable 204 Salaries Payable 216 Uneared Service Fee 700 Capital Stock 120 Dividendos 400 Service Fee 418 Interest Revenue 50s Advertising Expense Ghoul Sories Expense SI D es Expense 512 Iurance Expense 515 Rent Depende Depreciation Retained Earnings 12/11/2012 Complete the worksheet by preparing the journal entries based on the transactions listed in the transaction worksheet, use the general journal worksheet to journalize the entries, then post the journal entries to the worksheet tab in the highlighted adjustment column Once you have completed the worksheet exam upload it to Canvas. Use the Practice Worksheet as a guide to completing this assignment Professor Bradford Transactions generaljournal worksheet incomestatement retained earnings balanceshee Using the general journal worksheet tab prepare the adjusting journal entries based on the following transactions Chart of Accounts Account Name Transactions 1 incurred $1000 of insurance expence at 12/31 prepaid murance account was set up in October 2 incurred 54000 of rent expense M 12/31 prepaid rent account was set up in November Supplies on Hand Prepaid Insurance Prepaid Rent Interest Receivable Accumulated Depreciation Salaries Payable Uneamed Service Fee Service Revenue interest Revenge Salaries Expense wrance Expense 3 Used $1500 of supplies by 12/31 supplies on hand was set up in July 4 Calculated 56000 of depreciation expense Supplies Expense ecatlan mense D 5 Earned $15000 of service revenue at 12/31 uneared service revenue was previously set up 6 Earned interest income of $500 but money has not been received at 12/31 7 Services of $5000 was earned out not received at 12/11 8 Employees earned salaries of $2500 but it will not be paid until the following year. MICROTRAIN COMPANY General Journal Adjusting Entries Account Titles & Explanations Ref.# Date Debit Credit I 1 Insert Text View + Zoom Transactions Add Category generaljournal Table Chart incomestatement Shape Media Comment retained earnings worksheet balanceshe MICROTRAN COMPANY Worksheet For the Month Ended December 31, 2012 count Account Name - -- - - - - 200 Accounts Payable 200 Swan Perable 216 Ured Servere 300 Capital Stock 101 10 de -- SOL ------ 512 urce pe 515 perse 51 pente 570 Deprecate pente - 2.70 125% Chap4worksheettest (1) DET Insert Table Chart Text Shape Media Comm worksheet inconestatement retained earnings Zoom Add Category Transactions generaljournal MICROTRAIN COMPANY Income Statement For the Month Ended December 31, 2012 $ 13,920 $ 13,920 Revenues: Service Fee InterestRevenue Total Revenue Expenses: Advertising Gas & Oil Expense Salaries Expense Utilities Expense Insurance Expense Rent Expense Supplies Expense Depreciation Expense Total Expenses 3,050 680 3,600 11.200 Net Income $ 2,720 MICROTRAIN COMPANY Balance Sheet December 31, 2012 Assets Cash Accounts Receivable Supplies on Hand Prepaid Insurance Prepaid Rent Interest Receivable Trucks Accumlated Depreciation Total Assets 8,320 6,200 4,400 2,400 4,200 $ 40,000 40,000 65,520 $ 300 Liabilities Accounts Payable Salaries Payable Unearned Service Fee Total Liabilities 15,000 15,300 Stockholders Equity Capital Stock $ 50,000 Retained Earnings 220 Total Stockholders'Equity Total Liabilities & Stockholders' Equity $ $ 50,220 65,520 MUNeslalemleri Pelained earnings MICROTRAIN COMPANY General Journal Adjusting Entries Date Account Titles & Explanations Ref.# Debit Credit 12/31/14 Service Revenue 400 13,920 Interest Revenue 418 Income Summary 600 13,920 To close the revenue accounts in the IncomeStatement credit column to Income Summary 505 3,050 680 3,600 150 12/31/14 Income Summary 600 11,200 Advertising Expense Gas & Oil 506 Salaries Expense 507 Utilities Expense 511 Insurance Expense 512 Rent Expense 515 Supplies Expense 518 Depreciation Expense 521 To close the expense accounts appearing in the Income Summary debit column to Income Summary 3,720