Apex Inc. started their first month of operation on January1st, 2022 and the trial balance at end of January is shown below.

Required:

 Make adjustments through journal entries of the above as of January 31, 2022.

Transcribed Image Text:

Accounts Name 1 Cash 2 Accounts Receivable 3 Accounts Payable 4 Amortization Expense - Furniture 5 Amortization Expense - Truck 6 Office Supplies 7 Furniture 8 Accumulated Amortization - Furniture 9 Truck 10 Accumulated Amortization - Truck 11 Prepaid - Office Rent 12 Prepaid - Insurance 13 Service Revenue 14 Advertising Expense 15 Rent Expense 16 Insurance Expense 17 Salaries 18 Utilities 19 Meals & Entertainment 20 Supplies Expense 21 Supplies 22 Owner's Equity - Lisa Hunter 23 Owner's Equity - Withdrawal Totals APEX Inc. Trial Balance One Month ending January 31, 2022 Debit Credit 117,030 150 6,000 24,000 5,000 2,200 2,500 200 5,000 320 250 350 1,550 5,000 169,550 1,700 17,850 150,000 169,550 Accounts Name 1 Cash 2 Accounts Receivable 3 Accounts Payable 4 Amortization Expense - Furniture 5 Amortization Expense - Truck 6 Office Supplies 7 Furniture 8 Accumulated Amortization - Furniture 9 Truck 10 Accumulated Amortization - Truck 11 Prepaid - Office Rent 12 Prepaid - Insurance 13 Service Revenue 14 Advertising Expense 15 Rent Expense 16 Insurance Expense 17 Salaries 18 Utilities 19 Meals & Entertainment 20 Supplies Expense 21 Supplies 22 Owner's Equity - Lisa Hunter 23 Owner's Equity - Withdrawal Totals APEX Inc. Trial Balance One Month ending January 31, 2022 Debit Credit 117,030 150 6,000 24,000 5,000 2,200 2,500 200 5,000 320 250 350 1,550 5,000 169,550 1,700 17,850 150,000 169,550

Answer rating: 100% (QA)

To make the necessary adjustments through journal entries for Apex Inc as of January 31 2022 you nee... View the full answer