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using this information can you create an adjusted trial balance: During April 2 0 2 4 the following activities occurred: 4 / 1 / 2
using this information can you create an adjusted trial balance:
During April the following activities occurred:
Sophie borrowed $ with interest from HomeStreet Bank to start her business.
Sophie contacted friends and each contributed $ to her business $ total
Sophie purchased a food truck, including a cash register, retrofitted for her specific business costing $ Sophie paid all in cash. She wants to classify the longterm asset as Equipment in her books.
$ was paid in advance for year of business insurance.
Purchased business supplies ie paper, pens, etc. costing $ from Target, paying $ cash and putting the rest on account.
Paid $ for a newspaper advertisement that was also printed on
In preparation for all upcoming events, Sophie purchased $ of inventory food promotional cups with logo etc.
Sophie's first event was for Seattle University. She earned $ all from cash sales. $ of inventory was used. When Sophie counted the cash at the end of the day only $ was in the register.
One of Sophie's employees noticed that a cooler was left open during the night and $ of inventory was spoiled ie obsolete
Paid cash for half of office supplies purchased on credit earlier in the month.
Sophie's second event was for a community charity event in which she did not charge for any of her drinks. Sales would have been $ $ of inventory was still used for the cause.
Sophie worked an event for the Seattle Mariners for $ with a promise to pay and terms of n COGS totaled $
Sophie contracted with the Chieftain and sold $ of drinks costing $ The Chieftain didn't pay that night, but agreed to terms with Sophie of n before closing up
Purchased additional inventory for $ on account.
Sophie's employee sold gift cards for $ each. No beverages were sold at this time.
Returned $ of groceries from the transaction. Sophie accidentally bought bananas not plantains and the store accepted the return bc of the simple mistake
Sophie and her employee canvased Gasworks Park and sold $ worth of promotional cups inventory with Sophie's logo on them for $ all on account. No sales discounts were offered but all customers promised to pay by
A couple of customers from returned $ worth of cups. Sophie accepted the return and waived the $ owed.
The Mariners paid for the event that occurred earlier in the month.
The Chieftain paid Sophie for the event that occurred earlier in the month.
Amazon paid Sophie $ in advance for mocktails to be made for an event at the Spheres on
Sophie purchased a $ credit card machine equipment with cash to boost sales at upcoming events. All future credit card sales will incur a transaction fee.
Sophie was asked to cater for a Seattle Storm event. She earned $ all from credit card sales. $ of inventory was used.
Paid wages to employees for April totaling $
Sophie paid a dividend of $ each to her four investor friends $ total
The following data are available for adjusting entries at the end of April :
Record insurance expense for April. a
Record interest expense for April on the bank loan. b
Records show customers used $ of gift cards to purchase drinks costing $ to make. c
Sophie's business had a water utility bill of $ unpaid at end of the month. d
Record total depreciation on the truck, register, and credit card machine of $e
Sophie's employee counted all remaining supplies. $ remained ready for use in May. f
Sophie calculated but did not pay yet tax expense of $g
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