Please help with 1-4 Office EquipmentAccounts PayableNotes PayableUnearned FeesSalary ExpenseRent Expense18 Paid Staples, $60024Supplies ExpenseInterest ExpenseUtility ExpenseDuring the month of June, Acme Inc. entered into the following transactions:1 Transferred cash from a personal bank account in exchange for stock, $100,0003 Recorded services provided on account, $9,1005Received cash from clients as an advance payment for services to be provided in July, $12,5007 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder.9 Receive cash for services provided: $5,00010Paid part-time receptionist for two weeks' salary $1,75012 Purchased office supplies from Staples on account, $1,20014Billed clients for fees earned; $2,50016 Paid $1,000 for 3 months rent for the months of July - SeptemberReceived cash from clients on account, $8,500.26 Paid electricity bill for June, $810.28 Paid $50 interest on the Note30 Paid dividends, $7,500.Required:1. Journalize the June transactions and adjustments. Proper journal formatting is required. Please skip lines between transactions.2. Post all of the transactions and adjustments into T Accounts and Balance the Accounts.3. Complete the Adjusted Trial Balance.4. Prepare the Financial Statements for June, 2020. gyBWiley Coyote started Acme, Inc on June 1, 2020. Acme's Chart of Accounts is below.Chart of AccountsCashAccounts ReceivableSuppliesPrepaid RentOffice EquipmentAccounts PayableNotes PayableUnearned FeesCommon StockRetained EarningsDividendsFees EarnedSalary ExpenseRent ExpenseSupplies ExpenseInterest ExpenseUtility ExpenseDuring the month of June, Acme Inc. entered into the following transactions:1 Transferred cash from a personal bank account in exchange for stock, $100,0003 Recorded services provided on account, $9,1005Received cash from clients as an advance payment for services to be provided in July, $12,5007 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder.9 Receive cash for services provided: $5,00010 Paid part-time receptionist for two weeks' salary $1,75012 Purchased office supplies from Staples on account, $1,20014 Billed clients for fees earned; $2,50016 Paid $1,000 for 3 months rent for the months of July - September18 Paid Staples, $60024 Received cash from clients on account, $8,500.26 Paid electricity bill for June, $810.28 Paid $50 interest on the Note30 Paid dividends, $7,500.Required:1. Journalize the June transactions and adjustments. Proper journal formatting is required. Please skip lines between transactions.scounts and Release the A

1. Journal entries are prepared to record the transactions in terms of debit and credit as per the…

Office Equipment Accounts Payable Notes Payable Unearned Fees Salary Expense Rent Expense Supplies Expense Interest Expense Utility Expense During the month of June, Acme Inc. entered into the following transactions: 1 Transferred cash from a personal bank account in exchange for stock, $100,000 3 Recorded services provided on account, $9,100 5 Received cash from clients as an advance payment for services to be provided in July, $12,500 7 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder. 9 Receive cash for services provided: $5,000 10 Paid part-time receptionist for two weeks' salary $1,750 12 Purchased office supplies from Staples on account, $1,200 14 Billed clients for fees earned; $2,500 16 Paid $1,000 for 3 months rent for the months of July - September 18 Paid Staples, $600 24 Received cash from clients on account, $8,500. 26 28 Paid $50 interest on the Note 30 Paid dividends, $7,500. Required: 1. Journalize the June transactions and adjustments. Proper journal formatting is required. Please skip lines between transactions. Paid electricity bill for June, $810.

Office Equipment Accounts Payable Notes Payable Unearned Fees Salary Expense Rent Expense Supplies Expense Interest Expense Utility Expense During the month of June, Acme Inc. entered into the following transactions: 1 Transferred cash from a personal bank account in exchange for stock, $100,000 3 Recorded services provided on account, $9,100 5 Received cash from clients as an advance payment for services to be provided in July, $12,500 7 Purchased Office Equipment for $5,000, paying $500 cash and signing a Note for the remainder. 9 Receive cash for services provided: $5,000 10 Paid part-time receptionist for two weeks' salary $1,750 12 Purchased office supplies from Staples on account, $1,200 14 Billed clients for fees earned; $2,500 16 Paid $1,000 for 3 months rent for the months of July - September 18 Paid Staples, $600 24 Received cash from clients on account, $8,500. 26 28 Paid $50 interest on the Note 30 Paid dividends, $7,500. Required: 1. Journalize the June transactions and adjustments. Proper journal formatting is required. Please skip lines between transactions. Paid electricity bill for June, $810.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter5: Closing Entries And The Post-closing Trial Balance

Section: Chapter Questions

Problem 8E: Considering the following events, determine which month the revenue or expenses would be recorded...

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