CALCLATOR PRINTER VESION Exercise 4-16 Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2017. Purchased a 1-year insurance policy on June 1 for $2.760 cash 1. Paid $6.100 en August 31 for 5 months ret in advance 2. 3. On September 4, received $3,060 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school Signed a contract for cleaning services starting December 1 fer $1,050 per month. Paid for the first 2 months on November 30. (Mine: Use the account Prepaid Cleaning to recerd prepayments On December 5, received $1,500 in advance from a gaming dub. Detemined that en December 31. $450 of these games had net yet been played 4 Record each of the above transactions in the tabular summary that follows. (f a transaction results in a decrease in Assets, Liabees or Stockholders' Equity, place a megative sign (or parentheses) in front of the amount entere particular Asset. Liability or Equity item that was reduced) Liabibties Stockholders' Equity Retained Earnings Assets Prepd temur Prepd Rent Prepd. Clean Unearmed Serv. Bev- Com Stock Cash Rev Exp Dty 2012 June 1 Aug 31 Sept 4 Nev. 20 Dec. 5 For each of the above ranations recond the a alece a negative sign (er parentheses) in front of the amoune entered for the particular Asset Liahl d Maintnane Egene for m4) (a n Stockholders Equity Retained Eamings mber 21 in the tabuler summary from part (a). (n Use the acceunt Service Revenue for item 3 and ar Equity item that was redced.) Equity s in e decease in Assets Liebities or Steckholders Liabilities Assets Com Sack Uneamed Serv. Rey Prepd Rent Prepd Clean Prepd Insur Rev. Div Exp. 2017 Cash Dec. 31 Dec 21 Dec 3 Record each of the above transactions in the tabular summary that follows (Ifa transaction results in a decrease in Assets Liabilieies or Steckholders' Equity, place a negative sign (or parentheses) in front of particular Asset Liability or Equity item that was reduced) -Liabilties + Stockholders' Equity Assets Retained Eamings Prepd. Prepd. Clean Prepd. Jssur Uneamed Com Stocks Serv. Rev. Cash Rent Rey. Exp Div 2017 June 1 Aug 31 Sept. 4 es bry Nov. 20 Dec. 5 For each of the above transactions, record the adjustment that is required on December 31 in the tabular summary from part (a). (ine Use the reults in a decrease in Assets Liahiles or Stackhalders Equity, placea megutive sian (er paentheses) e fremt of the amunt eerered fer the partcular Asser, Liabelity or Equity item that was ceuced Service Revenue for item 3 and ter Assets Liabidties Stockholders' Equity Rataned Eaings Prepd taur Prepd Uneamed Serv. Rey Prepd Com Cash 2017 Steck Rey. Exp. Div Dec. 31 Dec 31 Dec 31 Dec 31 Dec 31 Chek d you wld le to Show Work for this question Qpen Show W Quastion Attempts: 0 of 5 use S Hele 1 Satem Anneuncement tee CALCIE4TO PRINTER VERos Exercse 253 Janus Copt Company purchased a delivery truck on June 1 for $30.000, paying $10,000 cash and signing a 6%. 2-manth note for the remaining belsnce. The tuck is espected to depreciate $6.000 each year. Janus Coat Company prepares month saements a) Use the tabular summary below to record the acquisition of the delvery truck an June 1st )Enter any adjustments that should be made on 3June 30th, using the tabular summary (Enter negative amounts uning ither a negative sign preceding the mumber eg.-45 or parentheses eg. (45). Do not leave any answer field blak. Enter 0 r amousts Liablties Sto kholders' Equity Assets Equipment Accum Depr. Equip Notes Payable Int. Payable Cash Exgenses (a) June 1 ) June 30 Dept. Expenses Int. Expenses June 30 Show how the devery thkll bereed on Janus Coar Company's balance sheet on June 30 aus Coat Company's Belance Sheat Assets chck d you wdd e to Sow Work for this question O aua save oL Question Attempts: 0 of 5 used ae emanynchased delivery tuck on hne 1 r 130.000 payng $30.000 canh and sgning %, 2moh nene for the remaning balance The uck pemd to dgreciae 4000 each yar Janu Caat Company arpar manhly fiancal stabeme Exercise 253 a) tse the tebder summary helow to recnd the acquistion of the delvery truck on Jue 1e. (b) Enter any aduments that shld be made an June 30th, ing the tabur smany es (Enter otve amounts aning either a nepative sipe ereceding the numberee 45 or aarenebeses ea (45), Do not lngve any anseer fd ak, Enter or Lides ockbolder Fouits Asselu Expenses Accem Depr EquipNotes Payalde Int. Payable Cash Fesipment (s) hune 1 Dept. Expens 0) June 30 Int. Expensest June 20 Ct Cempan's bale eet n June 30 do Sh o e devery tk e Cat Co qusn AtgtofSd Exercise 4-16 Action Quest Games Inc adjusts es accounts annually. The folowing information is available for the year ended December 31, 2017 Purchased a 1-year insurance policy en June 1 for $2.760 cash Paid $6.100 on August 31 for 5 months' rent in advance. On September 4, received $3,060 cash in advance from a corporation to sponser a game each month for a total of 9 months for the most improved students at a local school Signed a contract for cleaning services starting December 1 for $1,050 per month. Paid for the first 2 months an November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) 4. On December 5, received $1,500 in advance from a gaming club. Determined that on December 31, $450 of these games had not yet been played. Record each of the above transactions in the tabular summary that folows. (If a transaction resuits in a decrease in Assets, Liabilities or Steckhelders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, LiabiWty or Fquity item that was reduced.) Liabilities Assets Stockhelders Equity Retained Eamings Pread. Com Prepd. Insur Prepd. Clean Unearned 2017 Cash Rent Serv. Rev Stock Rev Exp DV June 1 Aug. 31 Sept. 4 Nov. 30 Dec. 5 for each of the abeve trantactions, record the adustment that is required on December 31 in the tabuiar summary from part (a). Mint: Use the account Servicetevene for em 3 and Repairs and Mantenance Esgense for item 4) (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity tem that was reduced) Assets Liabilities + Stockholders Equity etained Eamings Prepd. Prepd. Clean Uneamed Serv Rev Com Stocks Prepd Rev Expe 2017 Cash nqur Rent Dec. 31 Dec. 31 Dec 31 Dec. 31 Dec. 31 Ocestion Atempts: of 5 used