Question: Directions: The following information represent a full case for the same company. You are required to perform the accounting cycle steps as directed. Be organized
Directions: The following information represent a full case for the same company. You are required to perform the accounting cycle steps as directed. Be organized and neat, your answers should be hand written. ee e e o e te e de e ee de dete ede Transactions for Adam Company for the Year 2018 are presented below 1. 1/1/2018 Issued ordinary shares in exchange for $99,000 cash 2. 5/2/2018 Purchased land costing $43,200, for cash 3. 3/3/2018 Performed a services for company x on account for $310,000 4. 1/4/2018 Received $264,800 for the services performed on 3/3/2018 5. 10/5/2018 Purchased Equipment for $110,000 in cash 6. 15/8/2018 Purchased supplies on account for $10800 7. 14/11/2018 Paid $4800 for a one-year insurance policy 8. 1/12/2018 paid the following expenses in cash utilities exp 12800 :salaries exp 50000: rent exp 131000 First: Journalize each transaction, post and balance to accounts, and then prepare the Unadjusted trial balance
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