YOUR NAME Corporation formed its company October 1, 2018 to provide advertising services to customers. YOUR NAME created the following Chart of Accounts to use to track your transactions and economic events. If new accounts are needed, you are allowed to create new accounts as required: 100 Cash 110 Accounts Receivable 150 Supplies 155 Prepaid Insurance 160 Equipment 200 Accounts Payable 205 Unearned Revenue 210 Bank Loan Payable 300 Common Shares 350 Dividends Declared 400 Service Revenue 600 Salaries Expense 605 Rent Expense 610 Income Tax Expense You have been provided with various source documents required to complete the transactions during the month of October 2018 1. Using the Journal Entry form, prepare the journal entries for each of the source documents provided below. 2. Using the General Ledger form, POST the journal entries 3. Using the Trial Balance form, prepare an Unadjusted Trial Balance MEMO To YOUR NAME Corporation Date: October 1, 2018 Various people paid YOUR NAME Corporation $10,000 cash in exchange for Common Shares MEMO To: YOUR NAME Corporation Date: October 8, 2018 Hired four employees to begin work on Monday, October 15, 2018. Each employee will receive a weekly salary of $500 for a five-day work week (Monday - Friday) payable every two weeks, the first payment will be made Friday, October 26, 2018 MEMO . YOUR NAME Corporation Date: October 26, 2018 Payroll was completed paying biweekly salaries to four employees for the period October 15 - 26 MEMO TO YOUR NAME Corporation Date: October 29, 2018 The Board of Directors declared a dividend to shareholders on record of $500 RECEIPT To YOUR NAME Corporation Date: October 2, 2018 Receipt for monthly rent for the month of October 2018; amount is $900.00 AGET F2000 INVOICE Invoice w INV728 Date October 1, 2018 FOCUS EQUIPMENT 1234-98 Avenue Edmonton, AB T2) 182 To YOUR NAME Corporabon YOUR ADDRESS Calgary, AB T2X 1X1 Details Purchase of equipment to be used in your daily operations which is estimated to have a 5-year life Payment received in full Thank you for your business $5,000.00 /media/fuse/drivefs-59b29a9f8b01071f5e0a6c1f2e7625d4/root/Acct1103%20Project%20(2).pdf games - Goo Quizzes - ACCT110_ 3/8 Thank you for your business INVOICE Aero Supply Company 72 Gladstone Way Calgary, AB T3B 4F6 Invoice W 5544 Date October 9, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Office supplies 2,500.00 Payment din 30 days Scotiabank Date: October 1, 2018 Re Loan Dear Customer We are pleased to provide you a $5,000 loan with an interest rate of 6% per annum. The terms of the loan are to be paid in full on or before January 1. 2019 (3 months) interest and principle Sincerely, Scotiabank ACC INVOICE ABC insurance Company 83 Sunset Blvd Calgary, AB T2M 3M3 Invoice N 1298 Date October 5, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Insurance Policy Elfective for the period October 1, 2018 to September 30, 2019 Total Payment required S 600.00 Payment received in INVOICE YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 invoice # 0001 Date October 15, 2018 TO: Copa Lid 998 Simpson Way Calgary, AB T2K 4MO 20,000.00 Provided Advertising Services Payment due in 30 days Thank you for your business YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Cheque Number Date Scotiabank Calgary, AB 1000 October 22, 2018 Pay to the order Aero Supply Company $1,000.00 One thousand dollars Partial for ny 5544 your smar YOUR NAME Corporation YOUR ADORESS Calgary, AB T2X 1X1 Scotiabank Calgary, AB Cheque Number 1001 Date October 30, 2011 Pay to the order Canada Regency 1.000 dollars One thought hundred Income Tax Ser met Royal Bank Calgary, AR Copa ad 99 Simon Way Calgary, AD T2X AMO Cheque Number 2460 Date: Ober 2018 Pay to the order YOUR NAME CON Nisand dotas Partia Sorry0001 Knox Ltd 43 Happy Lane Calgary, AB T2K 4MO CIBC Calgary, AB Cheque Number 0001391 Date: October 10, 2018 Pay to the order YOUR NAME Corporation $1.200.00 One Mouse lo hundred dolls Advanced payment for work in November 2013 Knox Led signatwe 4 Momos and other source documents been provided to you to help you prepare monty ng journal entries required. Prepare and post the dusting journa et sing the forms provided. Please note, not all of the information to completo the adjusting joumal entries is provided so you must review the accounts in the nadjusted Tra Balance 5. Using the Trial Balance fomm, are the Adjusted Trail Balance MEMO TO YOUR NAME Corporation Dae: October 31, 2018 A count of office supplies was conducted and it is detained 51 500 worth of Supplies was used during the month MEMO To YOUR NAME Corporation Date: October 31, 2018 It was determined that 500 of the $1.200 received from a Lid has been cared during the month INVOCE Invice 0003 Date October 31 2018 YOUR NAME Corporation YOUR ADORESS Calgary, AB T2X 11 TO New Customer New Address Calgary 20000 Provided wing Services during 2018 Payment due in 30 days Thank you to your best TO: New Customer New Address Calgary, AB TIL 3H9 Provided Advertising Services during October 2018 200.00 Payment due in 30 days Thank you for your business 6. Using the Financial Statement forms, prepare the a. Income Statement b. Statement of Changes in Equity C. Balance Sheet/Statement of Financial Position For the first month of operations for YOUR NAME Corporation ACCT1103 Project Fall 2020 YOUR NAME Corporation formed its company October 1, 2018 to provide advertising services to customers. YOUR NAME created the following Chart of Accounts to use to track your transactions and economic events. If new accounts are needed, you are allowed to create new accounts as required: 100 Cash 110 Accounts Receivable 150 Supplies 155 Prepaid Insurance 160 Equipment 200 Accounts Payable 205 Unearned Revenue 210 Bank Loan Payable 300 Common Shares 350 Dividends Declared 400 Service Revenue 600 Salaries Expense 605 Rent Expense 610 Income Tax Expense You have been provided with various source documents required to complete the transactions during the month of October 2018 1. Using the Journal Entry form, prepare the journal entries for each of the source documents provided below. 2. Using the General Ledger form, POST the journal entries 3. Using the Trial Balance form, prepare an Unadjusted Trial Balance MEMO To YOUR NAME Corporation Date: October 1, 2018 Various people paid YOUR NAME Corporation $10,000 cash in exchange for Common Shares MEMO To: YOUR NAME Corporation Date: October 8, 2018 Hired four employees to begin work on Monday, October 15, 2018. Each employee will receive a weekly salary of $500 for a five-day work week (Monday - Friday) payable every two weeks, the first payment will be made Friday, October 26, 2018 MEMO . YOUR NAME Corporation Date: October 26, 2018 Payroll was completed paying biweekly salaries to four employees for the period October 15 - 26 MEMO TO YOUR NAME Corporation Date: October 29, 2018 The Board of Directors declared a dividend to shareholders on record of $500 RECEIPT To YOUR NAME Corporation Date: October 2, 2018 Receipt for monthly rent for the month of October 2018; amount is $900.00 AGET F2000 INVOICE Invoice w INV728 Date October 1, 2018 FOCUS EQUIPMENT 1234-98 Avenue Edmonton, AB T2) 182 To YOUR NAME Corporabon YOUR ADDRESS Calgary, AB T2X 1X1 Details Purchase of equipment to be used in your daily operations which is estimated to have a 5-year life Payment received in full Thank you for your business $5,000.00 /media/fuse/drivefs-59b29a9f8b01071f5e0a6c1f2e7625d4/root/Acct1103%20Project%20(2).pdf games - Goo Quizzes - ACCT110_ 3/8 Thank you for your business INVOICE Aero Supply Company 72 Gladstone Way Calgary, AB T3B 4F6 Invoice W 5544 Date October 9, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Details: Office supplies 2,500.00 Payment din 30 days Scotiabank Date: October 1, 2018 Re Loan Dear Customer We are pleased to provide you a $5,000 loan with an interest rate of 6% per annum. The terms of the loan are to be paid in full on or before January 1. 2019 (3 months) interest and principle Sincerely, Scotiabank ACC INVOICE ABC insurance Company 83 Sunset Blvd Calgary, AB T2M 3M3 Invoice N 1298 Date October 5, 2018 To: YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Insurance Policy Elfective for the period October 1, 2018 to September 30, 2019 Total Payment required S 600.00 Payment received in INVOICE YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 invoice # 0001 Date October 15, 2018 TO: Copa Lid 998 Simpson Way Calgary, AB T2K 4MO 20,000.00 Provided Advertising Services Payment due in 30 days Thank you for your business YOUR NAME Corporation YOUR ADDRESS Calgary, AB T2X 1X1 Cheque Number Date Scotiabank Calgary, AB 1000 October 22, 2018 Pay to the order Aero Supply Company $1,000.00 One thousand dollars Partial for ny 5544 your smar YOUR NAME Corporation YOUR ADORESS Calgary, AB T2X 1X1 Scotiabank Calgary, AB Cheque Number 1001 Date October 30, 2011 Pay to the order Canada Regency 1.000 dollars One thought hundred Income Tax Ser met Royal Bank Calgary, AR Copa ad 99 Simon Way Calgary, AD T2X AMO Cheque Number 2460 Date: Ober 2018 Pay to the order YOUR NAME CON Nisand dotas Partia Sorry0001 Knox Ltd 43 Happy Lane Calgary, AB T2K 4MO CIBC Calgary, AB Cheque Number 0001391 Date: October 10, 2018 Pay to the order YOUR NAME Corporation $1.200.00 One Mouse lo hundred dolls Advanced payment for work in November 2013 Knox Led signatwe 4 Momos and other source documents been provided to you to help you prepare monty ng journal entries required. Prepare and post the dusting journa et sing the forms provided. Please note, not all of the information to completo the adjusting joumal entries is provided so you must review the accounts in the nadjusted Tra Balance 5. Using the Trial Balance fomm, are the Adjusted Trail Balance MEMO TO YOUR NAME Corporation Dae: October 31, 2018 A count of office supplies was conducted and it is detained 51 500 worth of Supplies was used during the month MEMO To YOUR NAME Corporation Date: October 31, 2018 It was determined that 500 of the $1.200 received from a Lid has been cared during the month INVOCE Invice 0003 Date October 31 2018 YOUR NAME Corporation YOUR ADORESS Calgary, AB T2X 11 TO New Customer New Address Calgary 20000 Provided wing Services during 2018 Payment due in 30 days Thank you to your best TO: New Customer New Address Calgary, AB TIL 3H9 Provided Advertising Services during October 2018 200.00 Payment due in 30 days Thank you for your business 6. Using the Financial Statement forms, prepare the a. Income Statement b. Statement of Changes in Equity C. Balance Sheet/Statement of Financial Position For the first month of operations for YOUR NAME Corporation ACCT1103 Project Fall 2020