find all listed below chart of accounts 1 2 3 4 5 6 7 8 Jack's Wash

 find all listed below chart of accounts

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1 2 3 4 5 6 7 8 Jack's Wash began business on September 1 of 2021, by depositing $50,000 in a checking account in the name of Jack's Wash, Inc. representing Jack's purchase of 10,000 ownership shares (common stock). Borrowed $8,000 from City Bank for 5 years and signed a promissory note with an annual interest rate of 9%. Purchased equipment from Washers Wholesale, $26,200. Paid in cash. Purchased supplies costing $3,000 from Suds 'n Stuff on account. Paid the rent for business space used in U-STOR-IT, $1,000. Purchased a 6-month insurance policy, $3,600 in cash. Paid $4,200 for advertising to appear in the Pine newspaper during the next three months. Received $350 from customers who paid in advance for washing services to be provided in the future. Services provided to customers during the first half of September totaled $8,700. Cash received totaled $6,400 and services on account were $2,300. 9 10 Paid employees for hours worked during the first two weeks of September, $2,500. 11 Paid $2,600 on account to Suds 'n Stuff. 12 13 14 Received and paid the utility bill for electricity, $500. 15 Collected $2800 of accounts receivable. 16 Paid City Bank one month of interest, $60. 17 Declared and paid cash dividends to the stockholder Jack, $2,000. Adjusting Entries: Paid wages for September 15-28, $2,500. Services provided the second half of September totaled $17,500. Cash received totaled $14,800 and services on account were $2,700. 18 Received but not yet paid the telephone bill, $250. (Hint: use Utilities payable) 19 Recorded depreciation for one month on the equipment, $437. 20 Supplies on hand at the end of September have a cost of $600. 21 One month of prepaid insurance was expired in September. One month of prepaid advertising was expired in September. 22 1 2 3 4 5 6 7 8 Jack's Wash began business on September 1 of 2021, by depositing $50,000 in a checking account in the name of Jack's Wash, Inc. representing Jack's purchase of 10,000 ownership shares (common stock). Borrowed $8,000 from City Bank for 5 years and signed a promissory note with an annual interest rate of 9%. Purchased equipment from Washers Wholesale, $26,200. Paid in cash. Purchased supplies costing $3,000 from Suds 'n Stuff on account. Paid the rent for business space used in U-STOR-IT, $1,000. Purchased a 6-month insurance policy, $3,600 in cash. Paid $4,200 for advertising to appear in the Pine newspaper during the next three months. Received $350 from customers who paid in advance for washing services to be provided in the future. Services provided to customers during the first half of September totaled $8,700. Cash received totaled $6,400 and services on account were $2,300. 9 10 Paid employees for hours worked during the first two weeks of September, $2,500. 11 Paid $2,600 on account to Suds 'n Stuff. 12 13 14 Received and paid the utility bill for electricity, $500. 15 Collected $2800 of accounts receivable. 16 Paid City Bank one month of interest, $60. 17 Declared and paid cash dividends to the stockholder Jack, $2,000. Adjusting Entries: Paid wages for September 15-28, $2,500. Services provided the second half of September totaled $17,500. Cash received totaled $14,800 and services on account were $2,700. 18 Received but not yet paid the telephone bill, $250. (Hint: use Utilities payable) 19 Recorded depreciation for one month on the equipment, $437. 20 Supplies on hand at the end of September have a cost of $600. 21 One month of prepaid insurance was expired in September. One month of prepaid advertising was expired in September. 22

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Based on the provided information here is a breakdown of the transactions and adjusting entries for Jacks Wash for the month of September 2021 Transac... View the full answer