Aselie Trimmer has decided to start a sole proprietorship called Aselie's Lawn Care Services. She then...
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Aselie Trimmer has decided to start a sole proprietorship called Aselie's Lawn Care Services. She then starts the process of getting the business runnin During the month of April 2023, the following activities take place: Apr.3 Apr.4 Apr.5 Apr. 5 Aselie invests her own money into the business in the sum of $ Aselie goes to the bank to fill out a loan application for Aselie buys a lawn mower for the business using company fund $ Aselie buys supplies for the business, she pays cash All of the supplies will be used up this month. 2,040 $ 2,425 540 $ 79 Apr.6 Aselie receives an invoice for advertising services that ran in the $ local newspaper. The invoice is due May 10th. 440 Apr.7 Apr.10 Apr.15 Apr.29 Apr.30 Aselie has her first client! Aselie mowed the Robertson family's $ commercial property. Mr. Robinson has 30 days to pay the invoice. The bank loan has been approved, and Aselie signs the 3 year $ note payable. The cash is deposited in the bank account. Aselie has been busy - she has done a number of private residences over the past week and they have paid cash. Mr. Robinson referred a new commercial client to Aselie, who $ wants to reserve her services for May to September and gives a deposit. Aselie withdraws cash from the company for her personal use. $ 100 2,425 $ 582 160 462 C algonquinlivecom-my.sharepoint.com/x/g/personal/mham0001_algonquinlive_com/ERntM1PEwTNCKOHp45bz9MIBU4EgX1xDIY Login to Excel High... M Gmail YouTube Maps Excel English A Communications I w It's 5 PM, and This i... Search (Alt+ Q) F23 ACC2201 Excel assignment 1 Student-section 10 B76 A XVfx B C D E F G H 33 Record the above events as applicable in General Journal format using the spaces below. 34 Select the most appropriate account name from the drop down list attached to each space, and enter the transaction amount in the DR and CR spaces. 35 If there are any cases where no entry is required, select "NO ENTRY REQUIRED" in the account name spaces for both debit and credit. 36 37 Account Names DEBIT CREDIT 38 Apr.3 Cash $ 2,040 39 S. Trimmer, Capital $ 2,040 40 41 Apr.4 No Entry Required $ 42 No Entry Required $ 43 44 Apr.5 Equipment $ 540 45 Cash $ 540 46 + 47 Apr.5 Supplies Expense $ 79 48 Supplies $ 79 49 50 Apr.6 Advertising Expense $ 440 51 Accounts Payable $ 440 52 > == + Instructions work area Calculation Mode: Automatic Workbook Statistics 58F Sunny ESC chapp 1# 1 Caps Lock err.Maj. t Search ASUS f2 f3 f4 15 f6 16 f7 f8/ Home End f9 Dbut f10 Fin # 2. $ 3 4 % 5 A ? & 6 4 7 * 8 2 Q W E R T Y U A S D F G N H PgUp 11 P.prc 9 PgDn f12 P.suiv. 3 0 1/4 Prt Sc Impr.cm J K L X C V B N M P 76 V X fx A B 0 D E F G 2 53 Apr.7 Accounts Receivable $ 100 54 Service Revenue $ 100 55 56 Apr.10 Cash $ 2,425 57 Notes Payable $ 2,425 58 59 Apr.15 Cash $ 582 60 Service Revenue $ 582 61 62 Apr.29 Cash 63 $ 160 Unearned Revenue $ 160 64 65 Apr.30 S. Trimmer, Drawings 66 Cash $ 462 $ 462 67 68 Part 2 69 T-Accounts: 70 71 Marks available: 1 per Account balance In the following provided T-accounts, post those journal entries that affect the appropriate accounts (from part 1). Only record each journal entry's dollar amounts--in other words, no need to record dates. 72 = Instructions work area + Calculation Mode: Automatic Workbook Statistics 58F Sunny ESC Echapp # 1 + > Search ASUS f2 f3 f4 f5 f6 f7 f8 Caps Lock err.Maj. A 2 3 $ 4 4 W S Home f9 Dbut End f10 Fin PgU f11 P.pr % 5 ^ 6 ? & 7 2 9 3 E R T Y U D F G H J K A75 Xx =A227 B C D E F G H 71 Only record each journal entry's dollar amounts--in other words, no need to record dates. 72 73 74 75 Accounts Payable Accounts Receivable Advertising Expense 76 77 78 79 80 81 82 83 Cash Equipment S. Trimmer, Capital 84 85 86 87 88 89 90 = Instructions work area + Calculation Mode: Automatic Workbook Statistics 58F Sunny 1# ESC Echapp f2 2 3 f4 Search 5 4 f5 t L SUS % 20 f6 f7 5 a f8 / Home f9 Dbut End f10 Fin ? & 6 7 * 8 9 O Give Feedback to Microso X < ENG US PgUp PgDn f11 P.prc. f12 P.suiv. Prt Sc Impr.cr. Pause Insert Break Interr Dfil. t O ==== 1/4 1/2 3/4 { } P 88 [ 1 1 W E R T Y U Caps Lock Verr.Maj A S D F G H J K L ESC In + Edapp fn Z X C V B N M Alt Alt Car Ctrl ? " A X fx =A227 B S. Trimmer, Drawings C D E F G H J Notes Payable Supplies Supplies Expense Service Revenue Unearned Revenue Part 3 Financial Statements Trial Balance 4 Marks available 11 Income Statement Marks available ===I Instructions work area + lation Mode: Automatic Workbook Statistics 60F Sunny Search ASUS 7 Give Feedback to Microsoft X ^ ENG US 9 . 1 2 3 4 5 6 27 28 A A X fx =A227 B C D Trial Balance Marks available Prepare the company's trial balance at April 30 11 Include appropriate title, formatting, currency, and underlining Use cell referencing and formulas Use column C for Debits, column D for Credits = Instructions work area + Calculation Mode: Automatic Workbook Statistics 60F Sunny ESC Echapp O Search ttt E LL Income Statement L ASUS 12 13) 14 f5 16 f7 f8 G H Marks available 7 Prepare the company's income statement for the month Include appropriate title, formatting, currency, and underlining Use cell referencing and formulas Aselie's Lawn Care Services Income Statement For the month ended April 30, 2022 X J Give Feedback to Microsoft ENG US 4) D 9 Home End f9 Dbut f10 Fin PgUp f11 P.prc. PgDn f12 P.suiv. Prt Sc Impr.cr. Pause Insert Break Dbl Interr Aselie Trimmer has decided to start a sole proprietorship called Aselie's Lawn Care Services. She then starts the process of getting the business runnin During the month of April 2023, the following activities take place: Apr.3 Apr.4 Apr.5 Apr. 5 Aselie invests her own money into the business in the sum of $ Aselie goes to the bank to fill out a loan application for Aselie buys a lawn mower for the business using company fund $ Aselie buys supplies for the business, she pays cash All of the supplies will be used up this month. 2,040 $ 2,425 540 $ 79 Apr.6 Aselie receives an invoice for advertising services that ran in the $ local newspaper. The invoice is due May 10th. 440 Apr.7 Apr.10 Apr.15 Apr.29 Apr.30 Aselie has her first client! Aselie mowed the Robertson family's $ commercial property. Mr. Robinson has 30 days to pay the invoice. The bank loan has been approved, and Aselie signs the 3 year $ note payable. The cash is deposited in the bank account. Aselie has been busy - she has done a number of private residences over the past week and they have paid cash. Mr. Robinson referred a new commercial client to Aselie, who $ wants to reserve her services for May to September and gives a deposit. Aselie withdraws cash from the company for her personal use. $ 100 2,425 $ 582 160 462 C algonquinlivecom-my.sharepoint.com/x/g/personal/mham0001_algonquinlive_com/ERntM1PEwTNCKOHp45bz9MIBU4EgX1xDIY Login to Excel High... M Gmail YouTube Maps Excel English A Communications I w It's 5 PM, and This i... Search (Alt+ Q) F23 ACC2201 Excel assignment 1 Student-section 10 B76 A XVfx B C D E F G H 33 Record the above events as applicable in General Journal format using the spaces below. 34 Select the most appropriate account name from the drop down list attached to each space, and enter the transaction amount in the DR and CR spaces. 35 If there are any cases where no entry is required, select "NO ENTRY REQUIRED" in the account name spaces for both debit and credit. 36 37 Account Names DEBIT CREDIT 38 Apr.3 Cash $ 2,040 39 S. Trimmer, Capital $ 2,040 40 41 Apr.4 No Entry Required $ 42 No Entry Required $ 43 44 Apr.5 Equipment $ 540 45 Cash $ 540 46 + 47 Apr.5 Supplies Expense $ 79 48 Supplies $ 79 49 50 Apr.6 Advertising Expense $ 440 51 Accounts Payable $ 440 52 > == + Instructions work area Calculation Mode: Automatic Workbook Statistics 58F Sunny ESC chapp 1# 1 Caps Lock err.Maj. t Search ASUS f2 f3 f4 15 f6 16 f7 f8/ Home End f9 Dbut f10 Fin # 2. $ 3 4 % 5 A ? & 6 4 7 * 8 2 Q W E R T Y U A S D F G N H PgUp 11 P.prc 9 PgDn f12 P.suiv. 3 0 1/4 Prt Sc Impr.cm J K L X C V B N M P 76 V X fx A B 0 D E F G 2 53 Apr.7 Accounts Receivable $ 100 54 Service Revenue $ 100 55 56 Apr.10 Cash $ 2,425 57 Notes Payable $ 2,425 58 59 Apr.15 Cash $ 582 60 Service Revenue $ 582 61 62 Apr.29 Cash 63 $ 160 Unearned Revenue $ 160 64 65 Apr.30 S. Trimmer, Drawings 66 Cash $ 462 $ 462 67 68 Part 2 69 T-Accounts: 70 71 Marks available: 1 per Account balance In the following provided T-accounts, post those journal entries that affect the appropriate accounts (from part 1). Only record each journal entry's dollar amounts--in other words, no need to record dates. 72 = Instructions work area + Calculation Mode: Automatic Workbook Statistics 58F Sunny ESC Echapp # 1 + > Search ASUS f2 f3 f4 f5 f6 f7 f8 Caps Lock err.Maj. A 2 3 $ 4 4 W S Home f9 Dbut End f10 Fin PgU f11 P.pr % 5 ^ 6 ? & 7 2 9 3 E R T Y U D F G H J K A75 Xx =A227 B C D E F G H 71 Only record each journal entry's dollar amounts--in other words, no need to record dates. 72 73 74 75 Accounts Payable Accounts Receivable Advertising Expense 76 77 78 79 80 81 82 83 Cash Equipment S. Trimmer, Capital 84 85 86 87 88 89 90 = Instructions work area + Calculation Mode: Automatic Workbook Statistics 58F Sunny 1# ESC Echapp f2 2 3 f4 Search 5 4 f5 t L SUS % 20 f6 f7 5 a f8 / Home f9 Dbut End f10 Fin ? & 6 7 * 8 9 O Give Feedback to Microso X < ENG US PgUp PgDn f11 P.prc. f12 P.suiv. Prt Sc Impr.cr. Pause Insert Break Interr Dfil. t O ==== 1/4 1/2 3/4 { } P 88 [ 1 1 W E R T Y U Caps Lock Verr.Maj A S D F G H J K L ESC In + Edapp fn Z X C V B N M Alt Alt Car Ctrl ? " A X fx =A227 B S. Trimmer, Drawings C D E F G H J Notes Payable Supplies Supplies Expense Service Revenue Unearned Revenue Part 3 Financial Statements Trial Balance 4 Marks available 11 Income Statement Marks available ===I Instructions work area + lation Mode: Automatic Workbook Statistics 60F Sunny Search ASUS 7 Give Feedback to Microsoft X ^ ENG US 9 . 1 2 3 4 5 6 27 28 A A X fx =A227 B C D Trial Balance Marks available Prepare the company's trial balance at April 30 11 Include appropriate title, formatting, currency, and underlining Use cell referencing and formulas Use column C for Debits, column D for Credits = Instructions work area + Calculation Mode: Automatic Workbook Statistics 60F Sunny ESC Echapp O Search ttt E LL Income Statement L ASUS 12 13) 14 f5 16 f7 f8 G H Marks available 7 Prepare the company's income statement for the month Include appropriate title, formatting, currency, and underlining Use cell referencing and formulas Aselie's Lawn Care Services Income Statement For the month ended April 30, 2022 X J Give Feedback to Microsoft ENG US 4) D 9 Home End f9 Dbut f10 Fin PgUp f11 P.prc. PgDn f12 P.suiv. Prt Sc Impr.cr. Pause Insert Break Dbl Interr
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Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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