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Business
Accounting
Jun/1/2023 Jun/1/2023 EQUIPMENT Journal Entries Ver_49 200,000.00 CASH 80,000.00 Jun/1/2023 NOTES PAYABLE 120,000.00 Jun/2/2023 CASH 1,400,000.00 Jun/2/2023 COMMON STOCK 1,400,000.00 Jun/3/2023 PREPAID INSURANCE 25,200.00 Jun/3/2023 CASH 25,200.00 Jun/10/2023 CASH $194,068 Jun/10/2023 ACCOUNTS RECEIVABLE $194,068 Jun/14/2023 ACCOUNTS PAYABLE 36,400.00 Jun/14/2023 CASH 36,400.00 Jun/20/2023 ACCOUNTS RECEIVABLE 110,000.00 Jun/20/2023 SERVICE REVENUE 110,000.00 Jun/30/2023 INSURANCE EXPENSE 2,100.00 Jun/30/2023 PREPAID INSURANCE 2,100.00 Jun/30/2023 DEPRECIATION EXPENSE 3,333.00 Jun/30/2023 ACCUMULATED DEPRECIATION-EQUIPMENT 3,333.00 Jun/30/2023 INTEREST EXPENSE 300.00 Jun/30/2023 INTEREST PAYABLE 300.00 Jun/30/2023 UTILITIES EXPENSE 1,630.00 Jun/30/2023 ACCOUNTS PAYABLE 1,630.00 Jun/30/2023 INCOME TAX EXPENSE 4,876.00 Jun/30/2023 INCOME TAXES PAYABLE 4,876.00

Jun/1/2023 Jun/1/2023 EQUIPMENT Journal Entries Ver_49 200,000.00 CASH 80,000.00 Jun/1/2023 NOTES PAYABLE 120,000.00 Jun/2/2023 CASH 1,400,000.00 Jun/2/2023 COMMON STOCK 1,400,000.00 Jun/3/2023 PREPAID INSURANCE 25,200.00 Jun/3/2023 CASH 25,200.00 Jun/10/2023 CASH $194,068 Jun/10/2023 ACCOUNTS RECEIVABLE $194,068 Jun/14/2023 ACCOUNTS PAYABLE 36,400.00 Jun/14/2023 CASH 36,400.00 Jun/20/2023 ACCOUNTS RECEIVABLE 110,000.00 Jun/20/2023 SERVICE REVENUE 110,000.00 Jun/30/2023 INSURANCE EXPENSE 2,100.00 Jun/30/2023 PREPAID INSURANCE 2,100.00 Jun/30/2023 DEPRECIATION EXPENSE 3,333.00 Jun/30/2023 ACCUMULATED DEPRECIATION-EQUIPMENT 3,333.00 Jun/30/2023 INTEREST EXPENSE 300.00 Jun/30/2023 INTEREST PAYABLE 300.00 Jun/30/2023 UTILITIES EXPENSE 1,630.00 Jun/30/2023 ACCOUNTS PAYABLE 1,630.00 Jun/30/2023 INCOME TAX EXPENSE 4,876.00 Jun/30/2023 INCOME TAXES PAYABLE 4,876.00

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.5C
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 prepare Ledger, Pre-Closing TB, IS, RS, & BS

Jun/1/2023 Jun/1/2023 EQUIPMENT Journal Entries Ver_49 200,000.00 CASH 80,000.00 Jun/1/2023 NOTES PAYABLE 120,000.00 Jun/2/2023 CASH 1,400,000.00 Jun/2/2023 COMMON STOCK 1,400,000.00 Jun/3/2023 PREPAID INSURANCE 25,200.00 Jun/3/2023 CASH 25,200.00 Jun/10/2023 CASH $194,068 Jun/10/2023 ACCOUNTS RECEIVABLE $194,068 Jun/14/2023 ACCOUNTS PAYABLE 36,400.00 Jun/14/2023 CASH 36,400.00 Jun/20/2023 ACCOUNTS RECEIVABLE 110,000.00 Jun/20/2023 SERVICE REVENUE 110,000.00 Jun/30/2023 INSURANCE EXPENSE 2,100.00 Jun/30/2023 PREPAID INSURANCE 2,100.00 Jun/30/2023 DEPRECIATION EXPENSE 3,333.00 Jun/30/2023 ACCUMULATED DEPRECIATION-EQUIPMENT 3,333.00 Jun/30/2023 INTEREST EXPENSE 300.00 Jun/30/2023 INTEREST PAYABLE 300.00 Jun/30/2023 UTILITIES EXPENSE 1,630.00 Jun/30/2023 ACCOUNTS PAYABLE 1,630.00 Jun/30/2023 INCOME TAX EXPENSE 4,876.00 Jun/30/2023 INCOME TAXES PAYABLE 4,876.00
Transcribed Image Text:Jun/1/2023 Jun/1/2023 EQUIPMENT Journal Entries Ver_49 200,000.00 CASH 80,000.00 Jun/1/2023 NOTES PAYABLE 120,000.00 Jun/2/2023 CASH 1,400,000.00 Jun/2/2023 COMMON STOCK 1,400,000.00 Jun/3/2023 PREPAID INSURANCE 25,200.00 Jun/3/2023 CASH 25,200.00 Jun/10/2023 CASH $194,068 Jun/10/2023 ACCOUNTS RECEIVABLE $194,068 Jun/14/2023 ACCOUNTS PAYABLE 36,400.00 Jun/14/2023 CASH 36,400.00 Jun/20/2023 ACCOUNTS RECEIVABLE 110,000.00 Jun/20/2023 SERVICE REVENUE 110,000.00 Jun/30/2023 INSURANCE EXPENSE 2,100.00 Jun/30/2023 PREPAID INSURANCE 2,100.00 Jun/30/2023 DEPRECIATION EXPENSE 3,333.00 Jun/30/2023 ACCUMULATED DEPRECIATION-EQUIPMENT 3,333.00 Jun/30/2023 INTEREST EXPENSE 300.00 Jun/30/2023 INTEREST PAYABLE 300.00 Jun/30/2023 UTILITIES EXPENSE 1,630.00 Jun/30/2023 ACCOUNTS PAYABLE 1,630.00 Jun/30/2023 INCOME TAX EXPENSE 4,876.00 Jun/30/2023 INCOME TAXES PAYABLE 4,876.00
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