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

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter22: End-of-fiscal-period Work For A Corporation

Section: Chapter Questions

Problem 4AP

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P7 Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 2B. Requirement 2B: https://imgur.com/a/e8LvE7q 1. Record the closure of revenue account(s). 2. Record the closure of expense account(s). 3. Record the closure of the income summary account. 4. Record the closure of the dividend account.
Required :1. Record Journal Entries2. Post them into the ledger accounts3. Prepare the Trial Balance as on 31.12.2020
c. Journalize the entry to record the receipt of the amount due by Beasley Co. on January 7, 20Y4. If an amount box does not require an entry, leave it blank.
Kk.340. Adjusting entries are made during the accounting cycle ______ the unadjusted trial balance and ______ the company prepares its financial statements, bringing the amounts in the general ledger accounts to their proper balances.
1. Record Journal Entries 2. Post them into ledger accounts 3. Prepare the Trial Balance as on 31.12.2020
From the adjusting entries below, prepare the reversing entry(ies) that would be needed for January 1. GENERAL JOURNALPage 1 DateDescriptionPostRef. DebitCreditAdjusting EntriesDec.31Work in Process Inventory17,333.00Factory Overhead17,333.0031Interest Receivable2,367.00Interest Revenue2,367.0031Office Supplies Expense6,319.00Office Supplies6,319.0031Factory Overhead15,841.00Factory Supplies15,841.0031Bad Debt Expense4,320.00Allowance for Bad Debts4,320.0031Factory Overhead1,927.00Prepaid Insurance1,927.0031Factory Overhead6,210.00Accumulated Depreciation—FactoryBuilding6,210.0031Factory Overhead14,253.00Accumulated Depreciation—FactoryEquipment14,253.00
Adjusting entries bring accounts up to date so the correct account balances appear on rev: 03_04_2020_QC_CS-203083 Multiple Choice All of these answers are correct. Financial reports Managerial reports Auditing reports
Part BRequired6. Prepare journal entries to record each of the following November transactions.7. Post the November entries.8. Prepare a trial balance at November 30, 2020.9. Prepare an income statement and a statement of changes in equity for the two months endedNovember 30. 2020. as well as a balance sheet at Novembe 30. 2020.Nov. 1 Reimbursed Aster Turane's business automobile expense for 2,630kilometres at $1.60 per kilometre.2 Received $7,920 cash from Langara Lodge for computer services rendered.5 Purchased $420 of computer supplies for cash from Triple-One Supplies.8 Billed Dinwoody Entertainment $4,230 for computer services rendered.13 Notified by Kinsetta Groceries that Aster's bid of $5,950 for anupcoming project was accepted.18 Received $4,200 from Whistler Resort against the bill dated October 28.22 Donated $500 to the Hope Mission in the company's name.24 Completed work for Kinsetta Groceries and sent a bill for the agreed amount.25 Sent another bill to Whistler Resort for…
required: 1. Journal entries(without explanation) 2.post to the T accounts 3. Preliminary trial balance as of December 31, 20CY Thank You
c. Of the above accounts, Y5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account
Prêpare a Journal Entries for Accounts Receivables. Is not a graded question If can't the part B is : what would the year-end adjusting journal entry be given the following Allow to DA 375
KA. Using the public company, you chose for the Topic 4 assignment (The Home Depot, INC) determine the filing requirements and deadlines based on its fiscal year-end. Specifically, what type of filer is the company? What types of filings are required? What are the company's deadlines for filing its 10-K, 10-Q, and 8-K? Why does the company need to file based on these specifications?