Dd.83. 5 July 1July 3July 502July 7July 105 July 14July 15July 19July 21July 31July 31Issued 15,000 shares of the company's common stock in exchange for $15,000Purchased a truck for $8,000 A down payment of $3,000 was made, with the balance on accountPaid $1,200 to cover rent from July 1 through September 30Purchased $2,000 of supplies on accountBilled customers for consulting services performed $3,700Paid $500 toward the amount owed for the supplies purchased on July 7Paid $1750 in cash for employee wagesCollected $1600 in cash from customers that were billed on July 10Received $4,200 cash from customers for services performedPad $350 in cash for truck repairsDeclared and PaidBe JenteInstructions$700 in cash dividendstha liki donnanadians in this Cosest tommal kakanJournal Entries General Ledger Trial Balance.Adjusting EntriesHet felt fantantilesAdjusted Trial Balance Financial Statements0Closing Entries Post-Closing ***P 1 Requirement #8:678 Date910113 Prepare the closing entries at July 31 in the General Journal below.451213141516789108DGeneral JournalDescription (Account Name)Service RevenueIncome Summary3EInstructions Journal EntriesDebit7,900FCreditGeneral Ledger7,900GTrial BalanceHAdjusting EntriesAdjusted Trial BalanceKMFinancial StatementsNClosing Entries

Journal Entries - Journal Entries are the records of the transactions entered into by the…

July 1 July 3 July 5 July 7 July 10 July 14 July 15 July 19 July 21 July 31 July 31 a Issued 15,000 shares of the company's common stock in exchange for $15,000 Purchased a truck for $8,000 A down payment of $3,000 was made, with the balance on account Paid $1,200 to cover rent from July 1 through September 30 Purchased $2,000 of supplies on account Bed customers for consulting services performed, $3,700 Paid $500 toward the amount owed for the supplies purchased on July 7 Paid $1750 in cash for employee wages Collected $1600 in cash from customers that were billed on July 10 Received $4,200 cash from customers for services performed Paid $350 in cash for truck repairs Declared and Paid $700 in cash dividends lacostensile FRA

July 1 July 3 July 5 July 7 July 10 July 14 July 15 July 19 July 21 July 31 July 31 a Issued 15,000 shares of the company's common stock in exchange for $15,000 Purchased a truck for $8,000 A down payment of $3,000 was made, with the balance on account Paid $1,200 to cover rent from July 1 through September 30 Purchased $2,000 of supplies on account Bed customers for consulting services performed, $3,700 Paid $500 toward the amount owed for the supplies purchased on July 7 Paid $1750 in cash for employee wages Collected $1600 in cash from customers that were billed on July 10 Received $4,200 cash from customers for services performed Paid $350 in cash for truck repairs Declared and Paid $700 in cash dividends lacostensile FRA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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