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You have decided to start your own small business, below is a listing of the transactions that occurred during your first month of business: Feb1

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You have decided to start your own small business, below is a listing of the transactions that occurred during your first month of business: Feb1 The owner invested $19,000 by depositing the cash in the business' bank account. Feb 1 Purchased a small wooden building, 5,000 cash. Feb1 Paid $600 cash for three months insurance on the building. Feb2 Purchased furniture $12,000 paying $5000 cash and the remainder on account. Feb 8 Purchased supplies $1,900 on account. Feb 10 Provided services to customers on account $1,400. Record the following transactions on Page 2 of the journal: Feb 15 Provided services to customers $2,750 cash. Feb 17 Received $1,000 from a client for services to be provided evenly for 5 months. Feb 18 Received $150 from customers on account. Received $350 from a client services to be provided at a later date. Owner withdrew $300 cash for a personal vacation. Feb 20 Feb21 Provided day care services to customers and received cash, $900. Feb 22 Paid a creditor, $1,500. Feb 24 Paid for repairs to furniture, $70; assistant wages, $400; utilities, $260. Feb 26 Feb 28 Instructions Received $520 from customers on account. 1. Journalize each transaction in a two-column joumal starting on Page 1. 2. Post the journal to a ledger of four-column accounts. 3. Prepare an unadjusted trial balance. 4. At the end of February, the following adjustment data were assembled. a. Depreciation of building, $600 b. Depreciation of furniture, 800 c. Supplies used $500 d. Unexpired insurance, $400 5. complete the spreadsheet. . 6. e. Unearned service revenue now earned, $550 Enter the unadjusted trial balance on an end-of-period spreadsheet and Journalize and post the adjusting entries. Record the adjusting entries on Page Prepare an income statement, a statement of owner's equity, and a balance Prepare and post the closing entries. Record the closing entries on Page 4 of the journal. Indicate closed accounts by inserting a line in both Balance columns 3 of the journal. 7. Prepare an adjusted trial balance. 8. sheet. 9. opposite the closing entry. 10. Prepare a post-closing trial balance. additional information that is to her

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