Comprehensive problem:journalizing, posting, andpreparing a trial balance1 2 3 (50 min)Check FigureTrial Balance Total $19,830P3-2C. In June, Matt Nepoose Investigative Agency of Thunder Bay had the followingtransactions:2022June3 Matt Nepoose invested $16,500 in the new agency.Bought office equipment for cash, $5,100.Earned investigative fee, $3,200, but payment from client will notbe received until later.10Matt paid his home cable and gas bill from the company bankaccount, $107.Located missing spouse, received $975 cash for fees earned.Paid cash for supplies, $270.47111418252728Paid wages expense, $1,100.Received half of the fee earned on June 7.Rent bill was received but not yet paid, $130.Advertising bill was paid, $525.The chart of accounts includes Cash, 111; Accounts Receivable, 112; Supplies,131; Office Equipment, 141; Accounts Payable, 211; M. Nepoose, Capital, 311;M. Nepoose, Withdrawals, 321; Investigative Fees Earned, 411; Wages Expense,511; Rent Expense, 521; Advertising Expense, 531.Requireda. The ledger is already set up for you based on the chart of accounts.b. Journalize (all page 1) and post transactions.c. Prepare a trial balance for June 30, 2022.

The journal entry means to post the transaction of the month in the books of the company. Journal is…

Answered: Required a. The ledger is already set…

Required a. The ledger is already set up for you based on the chart of accounts. b. Journalize (all page 1) and post transactions. c. Prepare a trial balance for June 30, 2022.

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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