AutoSave On Chapters 1-4 Extra Credit - Protected View - Excel O Search Alissa Butcher AB X Share Comments File Home Insert Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X B11 f 1. Owner invested $45,000 in exchange for common stock of the corporation A B D E F H 1 j K L M N 2 2 3 NAME Chapters 1-4 Extra Credit Assignment 4 5 6 7 1) For the following transactions, post the entry to the following T-accounts for the month of December: Once you enter all your Debits and Credits, in the yellow cell, enter in your ending balance, This will be used for Problem #2 below to create a preliminary trial balance. 5 points 9 10 12 13 11 1. Owner invested $45,000 in exchange for common stock of the corporation 2. Paid $6,500 for office equipment (computer, desk, chair and printer) 3. Received $6,000 from a customer in advance of providing the services. Services will be performed in February of next year. 14 4. Purchased office supplies, on account, in the amount of $3,000. Those supplies are estimated to cover 3 months. 15 5. Paid $2,200 for insurance. The policy covers a one year period. 6. For the office supplies purchased in 4., paid the vendor (account) $1,500. 7. Paid employees $1,500 for the month. 8. Performed services and billed the customer for $22,000 19 9. Collected $1,000 from the customer in 8. 20 10. Paid the utility company for the electric bill received in the amount of $800. 21 22 23 Cash Accounts Receivable Prepaid Supplies 24 16 16 17 17 18 Prepaid Insurance Office E Problems 1 and 2 Problem 3 Problems 4-5 and 6 lal 100% 11:59 AM H Type here to search O BI w AGU 10/2/2020 AutoSave On H 2 - Chapters 1-4 Extra Credit - Protected View - Excel O Search Alissa Butcher AB X Share Comments File Home Insert Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X J K L M N 13 14 15 B11 fx 1. Owner invested $45,000 in exchange for common stock of the corporation A B D E F H 3. Received $6,000 from a customer in advance of providing the services. Services will be performed in February of next year. 4. Purchased office supplies, on account, in the amount of $3,000. Those supplies are estimated to cover 3 months. 5. Paid $2,200 for insurance. The policy covers a one year period. 16 6. For the office supplies purchased in 4., paid the vendor (account) $1,500. 17 7. Paid employees $1,500 for the month. 18 8. Performed services and billed the customer for $22.000 19 9. Collected $1,000 from the customer in 8. 20 10. Paid the utility company for the electric bill received in the amount of $800. 21 22 23 Cash Accounts Receivable Prepaid Supplies 24 Prepaid Insurance Office E 25 SI 26 27 28 29 30 31 32 Problems 1 and 2 Problem 3 Problems 4-5 and 6 + 100% H Type here to search O BI w 3 AGD (x 11:59 AM 10/2/2020 22 AutoSave On H 2 - Chapters 1-4 Extra Credit - Protected View - Excel O Search Alissa Butcher AB X Share Comments File Home Insert Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X M N 0 P Q R S B11 fx 1. Owner invested $45,000 in exchange for common stock of the corporation F G H 1 J K L 13 ing the services Services will be performed in February of next year. 14.f $3,000. Those supplies are estimated to cover 3 months. 15 r period. 16. (account) $1,500. 17 18 0 19 20 in the amount of $800. 21 22 23 Receivable Prepaid Supplies Prepaid Insurance 24 Office Equipment 25 26 27 28 29 30 31 32 Problems 1 and 2 Problem 3 Problems 4-5 and 6 + 100% H Type here to search BI 3 w AGD (x 11:59 AM 10/2/2020