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You will be preparing the analysis and accounting for Gee Wiz, Inc. (Gee Wiz). Gee Wiz uses a calendar year and wants to have its

You will be preparing the analysis and accounting for Gee Wiz, Inc. (Gee Wiz). Gee Wiz uses a calendar year and wants to have its accounting prepared in accordance with GAAP. Gee Wiz requests that you provide the following items for each week (corresponding with each weeks information):

  1. All Journal entries made to date
  2. A copy of the General Ledger at the end of each week
  3. A copy of the Trial Balance at the end of each week

Note: Do NOT Close the books during any week unless you are specifically told to do so.

Gee Wiz had the following transactions in Week 3:

  1. 1/15 Abby Whozit invested $200,000 into Gee Wiz
  2. 1/16 Gee Wiz purchased a computer for $2,500, paying $500 at purchase with $2,000 due in 10 days.
  3. 1/16 Gee Wiz purchased office equipment for $1,500
  4. 1/17 Gee Wiz purchased, and consumed, $500 of supplies on account
  5. 1/18 Gee Wiz paid $150 for a radio advertisement
  6. 1/18 Gee Wiz performed services and billed its client $2,000
  7. 1/21 Gee Wiz performed services and was paid $15,000
  8. 1/25 Gee Wiz paid the $2,000 due for the computer that was purchased
  9. 1/26 Gee Wiz received an electric bill for $150
  10. 1/26 Gee Wiz received a telephone bill for $100
  11. 1/27 Gee Wiz paid rent of $1,850
  12. 1/27 Gee Wiz paid salaries of $1,500
  13. 1/28 Gee Wiz paid the invoice for the supplies purchased on 1/17

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