Please help Chart of AccountsCommon StockCashAccounts ReceivableSuppliesPrepaid RentOffice EquipmentAccounts PayableNotes PayableUnearned FeesRetained EarningsDividendsFees EarnedSalary ExpenseRent ExpenseSupplies ExpenseInterest ExpenseUtility ExpenseDuring the month of June, Acme Inc. entered into the following transactions:1 Transferred cash from a personal bank account in exchange for stock, $100,0003 Recorded services provided on account, $9,1005 Received cash from clients as an advance payment for services to be provided in July, $12,5007 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder.9 Receive cash for services provided: $5,00010 Paid part-time receptionist for two weeks' salary $1,75012 Purchased office supplies from Staples on account, $1,20014 Billed clients for fees earned; $2,50016 Paid $1,000 for 3 months rent for the months of July - September18 Paid Staples, $60024 Received cash from clients on account, $8,500.26 Paid electricity bill for June, $810.28 Paid $50 interest on the Note30 Paid dividends, $7,500.Page Dr.Cash0Cr.0ASSETSAccounts ReceivableDr.SuppliesDr.CrCr.Prepaid RentDr.Cr.Office EquipmentDr.Cr.0LIABILITIESAccounts PayableDr.Cr.Notes PayableDr.Cr.Unearned FeesDr.Cr.000Account NameCashAccounts ReceivableSuppliesPrepaid RentOffice EquipmentAccounts PayableNotes PayableSalaries PayableUnearned FeesCommon StockDividendsFees EarnedSalary ExpenseRent ExpenseInterest ExpenseUtility ExpenseTotalsCommon StockDr.Cr.DividendsDr.DebitCr.Acme, Inc.Adjusted Trail BalanceFor the Month Ended June 30, 202000Fees EarnedDr.Cr.CrEQUITY0CreditSalary ExpenseDr.Cr.Rent ExpenseDr.Cr.0Interest ExpenseDr. Cr.Utility ExpenseDr.Cr.Pageof 7O- ZOOM+

Journal entries have been passed by following dual accounting concept. Ledgers have been classified…

Dr. Cash 0 Cr. 0 0 ASSETS Accounts Receivable Dr. Cr. Supplies Dr. Cr Cr. Prepaid Rent Dr. Cr. Office Equipment Dr. Cr. 01 LIABILITIES Accounts Payable Dr. Cr. Notes Payable Dr. Cr. Unearned Fees Dr. Cr. 0 0 0 Account Name Cash Accounts Receivable Supplies Prepaid Rent Office Equipment Accounts Payable Notes Payable Salaries Payable Unearned Fees Common Stock Dividends Fees Earned Salary Expense Rent Expense Interest Expense Utility Expense Totals Common Stock Dr. Cr. Dividends Dr. Debit Cr. Acme, Inc. Adjusted Trail Balance For the Month Ended June 30, 2020 0 0 Fees Earned Dr. Cr. EQUITY 0 Credit Salary Expense Dr. Cr. Rent Expense Dr. Cr. Interest Expense Dr. Cr. Utility Expense Dr. Cr. Page of 7 O -ZOOM +

Dr. Cash 0 Cr. 0 0 ASSETS Accounts Receivable Dr. Cr. Supplies Dr. Cr Cr. Prepaid Rent Dr. Cr. Office Equipment Dr. Cr. 01 LIABILITIES Accounts Payable Dr. Cr. Notes Payable Dr. Cr. Unearned Fees Dr. Cr. 0 0 0 Account Name Cash Accounts Receivable Supplies Prepaid Rent Office Equipment Accounts Payable Notes Payable Salaries Payable Unearned Fees Common Stock Dividends Fees Earned Salary Expense Rent Expense Interest Expense Utility Expense Totals Common Stock Dr. Cr. Dividends Dr. Debit Cr. Acme, Inc. Adjusted Trail Balance For the Month Ended June 30, 2020 0 0 Fees Earned Dr. Cr. EQUITY 0 Credit Salary Expense Dr. Cr. Rent Expense Dr. Cr. Interest Expense Dr. Cr. Utility Expense Dr. Cr. Page of 7 O -ZOOM +

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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Which one of the following statements is true concerning the company’s accounts receivable as of December 31? see the attached screenshot for options
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Proper accounting form
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