Hello! I need some help with accounting. I need to jurnalize the adjusting entries. Journalism the adjustments in the order given in the question.General JurnalDate description. Post debit credit20-- adjusting entriesMar.31 ______ ______Mar.31 ______ ______Mar.31 ______ ______Mar31 ______ ______Mar.31 ______ ______Mar.31 ______ ______Then I must prepare an income statement salariesExpense2,455(e)4802,9352,9351S Rent Expense 1,325151,3251,325Travel16Expense16398398398Utilities17Expense17196196196Advertising1818590590590ExpenseMiscellaneous19Expense19145145145202050,383 50,383Insurance21Expense21(a)260260260Depreciation22 Expense,60060022(b)600EquipmentDepreciationExpense,23Office(c)47047047023FurnitureDepreciation24 Expense,(d)762762762TruckSalaries25Payable(e)480480480 25Supplies26Expense(f)18018018026272,7522,752 52,695 52,695 7,861 12,589 44,834 40,106 2728 Net Income4,7284,728 282912,589 12,589 44,834 44,834 2930303131Required:oarialize the adjusting entries. Journalize the adjustments in the order given in the question.GENERAL JOURNAL24 For Month Ended March 31, 20--TRIALADJUSTEDINCOMEBALANCEBALANCEADJUSTMENTSTRIALSHEETSTATEMENTBALANCEACCOUNTDEBIT CREDITNAMEDEBITCREDITDEBIT CREDIT DEBIT CREDIT DEBIT CREDIT1 Cash6,2301.6,2306,2302 Supplies532352(f)180352Prepaid319883.1,248(a)260988Insurance4 Equipment6,2856,2856,2854Accumulated5 Depreciation,4,1204,120 53,520(b)600EquipmentOffice6Furniture3,6803,6803,680AccumulatedDepreciation,7.Office2,816(c)4703,2863,286 7Furniture8 Truck23,79923,79923,7998Accumulated9 Depreciation,18,163(d)18,92518,925 9TruckAccounts10Payable2,6232,6232,623 10D. Chelsey,11Capital10,67210,67210,672 11D. Chelsey,12Drawing3,5003,5003,50012Professional13Fees12,58912,58912,58913

Hello! I need some help with accounting. I need to jurnalize the adjusting entries. Journalism the adjustments in the order given in the question. General Jurnal Date description. Post debit credit 20-- adjusting entries Mar.31 ______ ______ Mar.31 ______ ______ Mar.31 ______ ______ Mar31 ______ ______ Mar.31 ______ ______ Mar.31 ______ ______ Then I must prepare an income statement

Hello! I need some help with accounting. I need to jurnalize the adjusting entries. Journalism the adjustments in the order given in the question. General Jurnal Date description. Post debit credit 20-- adjusting entries Mar.31 Mar.31 Mar.31 Mar31 Mar.31 Mar.31 Then I must prepare an income statement

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

I need this question completed in 10 minutes
Sta Tru True True True o True or ¿ rue or F Directions: The general ledger for Ozaki Tax Services on December 31 of the current year is illustrated below in T-account form. 1. Using the general journal form on the next page, enter the four necessary closing entries. 2. Post the closing entries to the general ledger T accounts provided. 3. Prepare a post-closing trial balance using the two-column form provided on the next page. Cash In Bank Computer Equipment Bal. 15,000 Bal. 4,000 Accounts Pavable Bal. 4,000 Income Summary Utilities Expense Bal. 1,500 Accounts Receivable Bal. 500 Jov Ozaki, Capital Bal. 7,000 Accounting Fees Bal. 16,000 hnwollet eritão duidw fed tandissid Jov Ozaki. Withdrawals Bal. 3,000 1058 al 1263 Miscellaneous Expense Bal. 3,000 sliaque
answer in text form please (without image), Note: .Every entry should have narration please
Chart of Accounts Common Stock Cash Accounts Receivable Retained Earnings Supplies Dividends Prepaid Rent Office Equipment Accounts Payable Notes Payable Unearned Fees Fees Earned Salary Expense Rent Expense Supplies Expense Interest Expense Utility Expense During the month of June, Acme Inc. entered into the following transactions: 1 Transferred cash from a personal bank account in exchange for stock, $100,000 3 Recorded services provided on account, $9,100 5 Received cash from clients as an advance payment for services to be provided in July, $12,500 7 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder. 9 Receive cash for services provided: $5,000 10 Paid part-time receptionist for two weeks' salary $1,750 12 Purchased office supplies from Staples on account, $1,200 14 Billed clients for fees earned; $2,500 16 Paid $1,000 for 3 months rent for the months of July - September 18 Paid Staples, $600 24 Received cash from clients on account,…
Hespeler services financial accounting information for the year ending October 2019 is presented below , assume all accounts have a normal balance
Fill in the income summary.
22 Salaries Payable 55 Insurance Expense 23 Unearmed Fees 59 Miscellaneous Expense The post-dosing trial balance as of April 30, 2019 Required: Journalize each of the May transactions using Kelly Consulling's clhar of accounts. (Do not Insert the account rumbers in the Post. Ref. colt compound transaction, if an amount box does not require an entry, leave it blank, May 3. Receved.cash fromn clients as an advance payrment for servies to be provided and recorded it as unearned fees, s1.500. Post. Ref. 4,500 May 5: Received cash from dlients on account, $2,450. Post. Ref. Debit 2,450 May 9: Paid cash for a newspaper advertisement, $225. Post. Ref. Debit DOOdODS日 May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640. Post. Ref. Debit 640 May 15: Provided services on accournt for the period May 1-15, $9,180. Description Post. Ref. Debit 9,180 9,180 May 16: Paid part-time receptionist for two weeks' salary induding the amount owed on April 30, $750. Description Post.…
The following are the job cost related accounts for the law firm of Cullumber Associates and their manufacturing equivalents: Law Firm Accounts Supplies Salaries and Wages Payable Operating Overhead Service Contracts in Process Cost of Completed Service Contracts Cost data for the month of March follow. 1. 2. 3. 4. 5. 6. Manufacturing Firm Accounts Raw Materials Factory Wages Payable Manufacturing Overhead Work in Process Cost of Goods Sold Purchased supplies on account $2,400. Issued supplies $1,680 (60% direct and 40% indirect). Assigned labor costs based on time cards for the month which indicated labor costs of $89,600 (80% direct and 20% indirect). Operating overhead costs incurred for cash totaled $51,200. Operating overhead is applied at a rate of 90% of direct labor cost. Work completed totaled $96,000.
Requirements Sheet in Workbook Requirement 1—Prepare the Journal Entries in the General Journal Journal Entries Requirement 2—Post Journal Entries to the General Ledger General Ledger Requirement 3—Prepare a Trial Balance Trial Balance Requirement 4—Prepare the Adjusting Entries Adjusting Entries Requirement 5—Post Adjusting Entries to the General Ledger General Ledger Requirement 6—Prepare an Adjusted Trial Balance Adjusted Trial Balance Requirement 7—Prepare the Financial Statements Financial Statements Requirement 8—Prepare the Closing Entries Closing Entries Requirement 9—Post Closing Entries to the General Ledger General Ledger Requirement 10—Prepare the Post Closing Trial Balance Post-Closing Trial Balance During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation, completed the following transactions. July 1 Began business by making a deposit in a company…
Please do not give image format
Complete this questions by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31 closing entries. The account number for Income Summary is 901. View transaction list Journal entry worksheet View general Journal
In the account below, calculate the balance for September 16, 20-. Then perform the forwarding procedures required to start a new account page. 3. Account: A/R – Manitoba Equipment Co. No. 211 Date(2021) PARTICULARS P.R. DEBIT CREDIT Dr/Cr BALANCE Aug 15 J22 1,600 00 Sep 4 J26 825 00 16 Ј30 176 00 Асcount: No. Date2021) PARTICULARS P.R. DEBIT CREDIT Dr/Cr BALANCE