Start by journalizing the Snow Supplies adjustment. A. Snow supplies on hand, $500. Date Mar. 31...

 

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Start by journalizing the Snow Supplies adjustment. A. Snow supplies on hand, $500. Date Mar. 31 B. Rent expired, $700. Date Mar. 31 Date Mar. 31 Journalize adjusting entries for March. (Record debits first, then credits. Exclude explanations from adjusting entries.) C. Depreciation on office equipment, $150. Date Mar. 31 D. Depreciation on snow equipment, $180. E. Accrued salaries, $340. Date Mar. 31 Account Titles Account Titles Requirements Account Titles Account Titles Account Titles 1. Journalize adjusting entries for March. 2. Post the adjusting entries to the ledger. 3. Prepare a worksheet. Pronaro Pouton's Plowing's March financial statements Debit Debit Debit Debit Debit X Credit Credit Credit Credit Credit een entered 111 ance Credit Trial Balance Cash Accounts Receivable Prepaid Rent Snow Supplies Office Equipment Snow Equipment Accounts Payable P. Meb, Capital P.Meb, Withdrawals Plowing Fees Salaries Expense Advertising Expense Cell Phone Expense Totals Adjustments Peyton's Plowing Trial Balance March 31, 202X Account Print Debit Print 3,830 1,000 2,800 800 9,000 10,800 9,000 1,900 600 170 39,900 Done Credit Done 5,100 25,800 9,000 Adjustment Data A. Snow supplies on hand, $500. B. Rent expired, $700. C. Depreciation on office equipment, $150: ($9,000 ÷ 5 yr. = $1,800 ÷ 12 mo. = $150). D. Depreciation on snow equipment, $180: ($10,800 ÷ 5 yr. = $2,160 +12 mo. = $180). E. Accrued salaries, $340. 39,900 Chart of Accounts X Assets 111 Cash 112 Accounts Receivable 114 Prepaid Rent 115 Snow Supplies Office Equipment Accumulated Depreciation, Office Equipment 123 Snow Equipment 124 Accumulated Depreciation, Snow Equipment 121 122 Liabilities 211 Accounts Payable 212 Salaries Payable Transactions Mar. 1 Mar. 1 Mar. 4 Mar. 6 Mar. 8 Mar. 12 Mar. 20 Mar. 26 Mar. 28 Mar. 29 Mar. 30 Chart of Accounts Owner's Equity Print P. Meb, Capital P. Meb, Withdrawals Income Summary 311 312 313 Revenue 411 Plowing Fees Expenses 511 512 513 514 515 516 517 Salaries Expense Advertising Expense Cell Phone Expense Rent Expense Snow Supplies Expense Depreciation Expense, Office Equipment Depreciation Expense, Snow Equipment Done Peyton invested $15,000 cash and $10,800 worth of snow equipment into the plowing company. Paid rent months in advance for garage space, $2,800. Purchased office equipment from Long Corp. for $9,000 on account. Purchased snow supplies for $800 cash. Collected $8,000 from plowing local shopping centers. Peyton Meb withdrew $9,000 from the business for personal use. Plowed Milton parking lots, payment not to be received until May, $1,000. Paid salaries to employees, $1,900. Paid Long Corp. one-half amount owed for office equipment. Advertising bill received from Nixon Co. but will not be paid until May, $600. Paid cell phone $170 X Start by journalizing the Snow Supplies adjustment. A. Snow supplies on hand, $500. Date Mar. 31 B. Rent expired, $700. Date Mar. 31 Date Mar. 31 Journalize adjusting entries for March. (Record debits first, then credits. Exclude explanations from adjusting entries.) C. Depreciation on office equipment, $150. Date Mar. 31 D. Depreciation on snow equipment, $180. E. Accrued salaries, $340. Date Mar. 31 Account Titles Account Titles Requirements Account Titles Account Titles Account Titles 1. Journalize adjusting entries for March. 2. Post the adjusting entries to the ledger. 3. Prepare a worksheet. Pronaro Pouton's Plowing's March financial statements Debit Debit Debit Debit Debit X Credit Credit Credit Credit Credit een entered 111 ance Credit Trial Balance Cash Accounts Receivable Prepaid Rent Snow Supplies Office Equipment Snow Equipment Accounts Payable P. Meb, Capital P.Meb, Withdrawals Plowing Fees Salaries Expense Advertising Expense Cell Phone Expense Totals Adjustments Peyton's Plowing Trial Balance March 31, 202X Account Print Debit Print 3,830 1,000 2,800 800 9,000 10,800 9,000 1,900 600 170 39,900 Done Credit Done 5,100 25,800 9,000 Adjustment Data A. Snow supplies on hand, $500. B. Rent expired, $700. C. Depreciation on office equipment, $150: ($9,000 ÷ 5 yr. = $1,800 ÷ 12 mo. = $150). D. Depreciation on snow equipment, $180: ($10,800 ÷ 5 yr. = $2,160 +12 mo. = $180). E. Accrued salaries, $340. 39,900 Chart of Accounts X Assets 111 Cash 112 Accounts Receivable 114 Prepaid Rent 115 Snow Supplies Office Equipment Accumulated Depreciation, Office Equipment 123 Snow Equipment 124 Accumulated Depreciation, Snow Equipment 121 122 Liabilities 211 Accounts Payable 212 Salaries Payable Transactions Mar. 1 Mar. 1 Mar. 4 Mar. 6 Mar. 8 Mar. 12 Mar. 20 Mar. 26 Mar. 28 Mar. 29 Mar. 30 Chart of Accounts Owner's Equity Print P. Meb, Capital P. Meb, Withdrawals Income Summary 311 312 313 Revenue 411 Plowing Fees Expenses 511 512 513 514 515 516 517 Salaries Expense Advertising Expense Cell Phone Expense Rent Expense Snow Supplies Expense Depreciation Expense, Office Equipment Depreciation Expense, Snow Equipment Done Peyton invested $15,000 cash and $10,800 worth of snow equipment into the plowing company. Paid rent months in advance for garage space, $2,800. Purchased office equipment from Long Corp. for $9,000 on account. Purchased snow supplies for $800 cash. Collected $8,000 from plowing local shopping centers. Peyton Meb withdrew $9,000 from the business for personal use. Plowed Milton parking lots, payment not to be received until May, $1,000. Paid salaries to employees, $1,900. Paid Long Corp. one-half amount owed for office equipment. Advertising bill received from Nixon Co. but will not be paid until May, $600. Paid cell phone $170 X

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