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What Else am I missing here it says the answer is not complete. Required Information The following information applies to the questions displayed below Francine's
What Else am I missing here it says the answer is not complete.
Required Information The following information applies to the questions displayed below Francine's Fest Deiveries, Inc FFD) was organized in December of 2011, had limited Betty in 2011 The resulting balance sheet at the beginning of 2012 is provided below Francine's Fast Dellveres, Inc. Balance Sheet al January 1, 2012 Liabilities: $ 1.625 Accounts Payable 1000 Stockholders' Equity 800 Contributed Capital Retained Earnings $1310 Accounts Receivable Supplies $1500 Total Assets $3.425 Total Liabilities & Stk. Equity $3,425 January Transactions for Francine's Fast Deliveries Inc. FFD 1 Owners invest $28.000 of additional cash in the business 2a Suppiles are purchased for SUDO on account 26 insurance is paid for 12 months beginning January 206 Record as an esse 2c Rent is paid for 3 months beginning in January 54050 Record as an asset 2 Two maloyees are hired. Each employee will be paid $1570 per month 3FFD DomowS $32.000 from 1st State Bank atannusinterest A delivery van Durchased for cash including tax the total cost $52800 5 w be used for 4 years and be deprecated on wh ich new no selvege velve. A month of depreciation will be charged in January 7 $700 of the receivables to December's ses sec ted 8 $1048 of the accounts payable from December are paid 9 Performed services for customers on account Maledivoces tot ing $10.200 10 Services are performed forces customers $7340 15 wages for the that of the month paid on January 15 $1570 The company receives 53.800m customer for en advance order for services to be provided in January and February 25 Collections from customers on account se January 9 traction 40BO The last 2 weeks weges earned by employees are $785 per employee and will be paid on February 3 300 A $995 utility bill for January arrived. It is due on February 15 Additional Information for susting entries at January 31: Suppiles on hand on January 31 total 5380 The company completed 60% of the deliveries for the customer who paid in advance on January 20 interests accrued for the bank loan Asume a full month for the State Bank loan) d. Record January depreciation e Adut the prepaid asset (Rent and Insurance accounts as needed. 3. Prepare an unadjusted trial balance using the T-Account balances. Answer is not complete. FAST DELIVERIES, INC Unaduated Trial Balance January 31 Account Title NP 18183 OOOOOOO al- Contributed Caps Ruandamine Services Www D es Expenses Deprecaton Expense Interes: Expence U s Expense 096Step by Step Solution
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