accounting

Project Description:

janurary external transactions
jan 2: purchased supplies for $2500' issued check 1015
2 purchased a one-year insurance policy for $3600;issued check 1016
7 sold services for $12800 in cash and $1575 on credit suring first week of janurary
12 collected a total of $950 on account from credit customers during first week of januarary
12 issued check 1017 for $1850 to pay for special promotional advertising to new business on the local radio station during the month
13 collected a total of $2000 on account from credit customers during second week of january
14 returned supplies that were damaged for a cash refund of $178
15 sold services for $16050 in cash and $1590 on credit during second week of january
20 purchased supplies for $1700 from palmers inc' recieved invoice 2384 payable in 30 days
20 sold services for $8950 in cash and $4670 on credit during third week of janurary
20 collected a total of $1450 on account from credit customers during third week of janurary
21 issued check 1818 for $3275 to pay for maintenance work in office equipment
22 issued check 1019 for $1568 to pay for special promotional advertising to new business in local newspaper
23 recieved the monthly telephone bill for $390 and paid it with check 1020
26 collected a total of $3690 on account from credit customers during fourth week of janurary
27 issued check 1021 for $6000 to office plus, as payment on account for invoice 2223
28 sent check 1022 for $560 in payment of monthly bill for utilities
29 sold services for $13870 in cash and $1530 on credit during fourth week of janurary
31 issued check 1023-1027 for $12500 to pay monthly salaries of regular employees and three part time workers
31 issued check 1028 for $3000 dividends
31 issued check 1029 for $980 to pay for maintenance services for the month
31 purchased additional equipment for $15000 from comfort equipment company; issued check 1030 for $3500 and bought the rest on credit. the equipment has a five year life and no salvage value.
31 sold services for $2350 in cash and $1300 on credit on janurary 31


after this is done prepare corresponding t charts, a trial balance, adjusted journal entry, and closing entries.
when preparing adjustments:
a: compute and record adjustment for supplies used during the month. an inventory taken on janurary 31 showed supplies of $1850 on hand.
b: compute and record the adjustment for expired insurance for the month
c. record the adjustment for one month of expired rent of $3500
d. record the adjustment for depreciation of $367 on the old equipment for the month. the first adjustment for depreciation for the new equipment will be recorded in february.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 16
1 Current viewersl
41 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    405 Jobs 247 Reviews
    $0 in 0 Day
  • 4.5
    145 Jobs 96 Reviews
    $0 in 0 Day
  • 3.8
    30 Jobs 19 Reviews
    $0 in 0 Day
  • 4.5
    355 Jobs 236 Reviews
    $0 in 0 Day
  • 4.8
    60 Jobs 32 Reviews
    $0 in 0 Day
  • 4.0
    1 Jobs 1 Reviews
    $0 in 0 Day
  • 4.8
    4 Jobs 4 Reviews
    $0 in 0 Day
  • 4.5
    94 Jobs 58 Reviews
    $0 in 0 Day
  • 5.0
    13 Jobs 7 Reviews
    $0 in 0 Day
  • 4.6
    647 Jobs 468 Reviews
    $10 in 0 Day