A work sheet for Juanita’s Consulting is shown below. There were no additional investments made by the owner during the month.Prepare a General Journal, General Ledger, and a Trial Balance. Juanita’s ConsultingWorksheetFor Month Ended June 30, 20--1 TRIAL BALANCETRIAL BALANCEADJUSTMENTSADJUSTMENTSADJUSTED TRIAL BALANCEADJUSTED TRIAL BALANCEINCOME STATEMENTINCOME STATEMENTBALANCE SHEETBALANCE SHEET2ACCOUNT TITLEDebitCreditDebitCreditDebitCreditDebitCreditDebitCredit3Cash5,285.00 5,285.00 5,285.00 4Accounts Receivable1,075.00 1,075.00 1,075.00 5Supplies750.00 (a) 250.00500.00 500.00 6Prepaid Insurance500.00 (b) 100.00400.00 400.00 7Office Equipment2,200.00 2,200.00 2,200.00 8Accumulated Depreciation-Office Equipment (d) 110.00 110.00 110.009Accounts Payable 1,500.00 1,500.00 1,500.0010Wages Payable (c) 200.00 200.00 200.0011Juanita Alvarez, Capital 7,000.00 7,000.00 7,000.0012Juanita Alvarez, Drawing800.00 800.00 800.00 13Consulting Fees 4,204.00 4,204.00 4,204.00 14Wages Expense1,400.00 (c) 200.00 1,600.00 1,600.00 15Advertising Expense60.00 60.00 60.00 16Rent Expense500.00 500.00 500.00 17Supplies Expense (a) 250.00 250.00 250.00 18Phone Expense46.00 46.00 46.00 19Electricity Expense39.00 39.00 39.00 20Insurance Expense (b) 100.00 100.00 100.00 21Gas and Oil Expense28.00 28.00 28.00 22Depreciation Expense—Office Equipment (d) 110.00 110.00 110.00 23Miscellaneous Expense21.00 21.00 21.00 24 $12,704.00$12,704.00$660.00$660.00$13,104.0013,104.002,754.004,204.0010,260.008,810.0025Net Income 1,450.00 1,450.0026 $4,204.00$4,204.00$10,260.00$10,260.00 The trial balance amounts (before adjustments) have been entered in the ledger accounts provided in the working papers. If you are not using the working papers that accompany this book, set up ledger accounts and enter these balances as of June 30, 20--.Required:1.Journalize (page 10) and post the adjusting entries.2.Journalize (page 11) and post the closing entries.3.Prepare a post-closing trial balance.

The adjusting entries are required to be made at the end of the year in order to adjust the accrued,…

Answered: A work sheet for Juanita’s Consulting…

College Accounting (Book Only): A Career Approach

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ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

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Problem 6E: During the first month of operations, Landish Modeling Agency recorded transactions in T account...

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A work sheet for Juanita’s Consulting is shown below. There were no additional investments made by the owner during the month.

Prepare a General Journal, General Ledger, and a Trial Balance.

Juanita’s Consulting

Worksheet

For Month Ended June 30, 20--

1		TRIAL BALANCE	TRIAL BALANCE	ADJUSTMENTS	ADJUSTMENTS	ADJUSTED TRIAL BALANCE	ADJUSTED TRIAL BALANCE	INCOME STATEMENT	INCOME STATEMENT	BALANCE SHEET	BALANCE SHEET
2	ACCOUNT TITLE	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
3	Cash	5,285.00				5,285.00				5,285.00
4	Accounts Receivable	1,075.00				1,075.00				1,075.00
5	Supplies	750.00			(a) 250.00	500.00				500.00
6	Prepaid Insurance	500.00			(b) 100.00	400.00				400.00
7	Office Equipment	2,200.00				2,200.00				2,200.00
8	Accumulated Depreciation-Office Equipment				(d) 110.00		110.00				110.00
9	Accounts Payable		1,500.00				1,500.00				1,500.00
10	Wages Payable				(c) 200.00		200.00				200.00
11	Juanita Alvarez, Capital		7,000.00				7,000.00				7,000.00
12	Juanita Alvarez, Drawing	800.00				800.00				800.00
13	Consulting Fees		4,204.00				4,204.00		4,204.00
14	Wages Expense	1,400.00		(c) 200.00		1,600.00		1,600.00
15	Advertising Expense	60.00				60.00		60.00
16	Rent Expense	500.00				500.00		500.00
17	Supplies Expense			(a) 250.00		250.00		250.00
18	Phone Expense	46.00				46.00		46.00
19	Electricity Expense	39.00				39.00		39.00
20	Insurance Expense			(b) 100.00		100.00		100.00
21	Gas and Oil Expense	28.00				28.00		28.00
22	Depreciation Expense—Office Equipment			(d) 110.00		110.00		110.00
23	Miscellaneous Expense	21.00				21.00		21.00
24		$12,704.00	$12,704.00	$660.00	$660.00	$13,104.00	13,104.00	2,754.00	4,204.00	10,260.00	8,810.00
25	Net Income							1,450.00			1,450.00
26								$4,204.00	$4,204.00	$10,260.00	$10,260.00

The trial balance amounts (before adjustments) have been entered in the ledger accounts provided in the working papers. If you are not using the working papers that accompany this book, set up ledger accounts and enter these balances as of June 30, 20--.

Required:

1.	Journalize (page 10) and post the adjusting entries.
2.	Journalize (page 11) and post the closing entries.
3.	Prepare a post-closing trial balance.

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