g.com activity/1/2/1 Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec Date Explanation Ref Debit Credit Balance 21.000 3 Dec. 21,000 5 Dec 2 10 | Dec. 3 Decs 15 Dec. 10 15 Issued common stock for $24.600 cash Billed clients for $13.500 of work performed Received payment of $9.000 in advance for work to be performed Paid rent in advance of $10,100 to cover December through March rent Bought furniture, paying 54,400 cash and 4.500 notes payable Received 56,800 from accounts receivable incurred salaries expense of $15.200 Paid 5520 toward their Accounts Payable Made an adjustment for revenue of 59.000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture 3500 Pald salaries payable and incurred another 515.200 of salaries expense. Post the ability first Pald 54,700 in Dividends. Dec 15 16 Dec. 16 31 Dec. 31 31 Accounts Receivable 31 Date Explanation Rel. Deba Credit 31 Balance O 13500 13500 Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance, Transactions Dec Accounts Receivable Issued common stock for $24500 cach 1 Date Explanation 2. Rel Debit Credit Balance Balance 3 0 13500 13500 5 Dec 1 Colted on our 10 Prepaid Rent 15 Date Explanation Ret Debit 15 Credit Balance Balance Billed dients for $13.500 of work performed Received payment of $9.000 in advance for work to be performed Paid rent in advance of 10,100 to cover December through March rent. Bought furniture, paying $4,400 cash and 4.500 notes payable Received 56,800 from accounts receivable incurred salaries expense of $15.200 Paid 5520 toward their Accounts Payable Made an adjustment for revenue of 39.000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, $500 Paid salaries payable and incurred another 515.200 of salaries expense. Post the ability first Pald 54,700 in Dividends. 0 16 31 31 Furniture 31 Date Explanation Ref. Debt Credit Balance 19.300 19,300 31 31 nepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance Transactions Accumulated Depreciation - Furniture Dec. 1 Issued common stock for 524 600 cash Date Explanation Red 2 Debat Crede Balance Balance 4300 4.100 3 un Billed clients for $13.500 of work performed Received payment of $9.000 in advance for work to be performed. Paid rent in advance of $10,100 to cover December through March rent Bought furniture, paying 54.400 cash and 54,500 notes payable. Received $6.800 from accounts receivable. Accounts Payable 10 Date Explanation Ref Debit Credit 15 Balance 7.700 15 7,700 16 Salaries Payable 31 Date Explanation Ret Debit Credit Balance Incurred salaries expense of $15.200. Pald 5520 toward their Accounts Payable Made an adjustment for revenue of 59.000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, $500 Pald salaries payable and incurred another 515,200 of salaries expense. Post the liability first. Balance 0 31 31 31 Paid $4.700 in Dividends. Hepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec 1 Issued common stock for $24.500 cash Unearned Revenue 2 Date Explanation Ref Debit Balance Credit 3 0 5 10 15 Notes Payable 15 Date Explanation Ret. Debit Billed clients for $13.500 of work performed Received payment of 59.000 in advance for work to be performed Paid rent in advance of 510,100 to cover December through March rent. Bought furniture paying $4.400 cash and 54.500 notes payable Received 56,800 from accounts receivable Incurred salaries expense of $15.200 Paid 5520 toward their Accounts Payable Made an adjustment for revenue of 59,000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, 5500 Pald salaries payable and incurred another 515.200 of salaries expense Post the ability first Crede 16 Balance 22.500 23.500 31 Common Stock 31 Date Explanation Ref. Debat Crede 31 Balance 4800 4,800 31 Pald 54,700 in Dividends. Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec Dividends 1 Issued common stock for $24.600 cash Date Explanation Ref. Debit 2 Crede Balance Balance O 0 3 5 10 Service Revenue Date Explanation Ref. Debit Credit 15 Balance Balance 15 16 Billed clients for $13.500 of work performed Received payment of $9.000 in advance for work to be performed Paid rent in advance of 10,100 to cover December through March rent. Bought furniture, paying $4,400 cash and 54,500 notes payable Received 56,800 from accounts receivable Incurred salaries expense of $15.200 Paid 5520 toward their Accounts Payable Made an adjustment for revenue of 59.000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, $500 Paid salaries payable and incurred another $15.200 of salaries expense. Post the liability first Paid 54,700 in Dividends. 31 Depreciation Expense - Furniture 31 Date Explanation Ref. Deble Credit Balance 31 Balance 31 Dane u 31 Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec Dividends 1 Issued common stock for $24.600 cash. Date Explanation Ref. Debit 2 Crede Balance Balance 0 3 5 Billed clients for $13.500 of work performed Received payment of $9.000 in advance for work to be performed Paid rent in advance of $10,100 to cover December through March rent Bought furniture, paying 54,400 cash and 54,500 notes payable Received 56,800 from accounts receivable 10 Service Revenue Date Explanation Ref. Debit Credit 15 Balance 15 16 31 Depreciation Expense - Furniture 31 Incurred salaries expense of $15.200 Paid 5520 toward their Accounts Payable Made an adjustment for revenue of $9.000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, $500 Paid salaries payable and incurred another 515.200 of salaries expense. Post the liability first Paid 54,700 in Dividends. Date Explanation Ref Deble Credit Balance 31 Balance 31 Dane E 31 Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec 1 Rent pense 2 Date Explanation Debat Credit Balance Balance 3 0 0 5 10 Salaries Expense 15 Date Explanation Ref Debat Credit 15 Issued common stock for $24.600 cash Billed clients for $13.500 of work performed Received payment of 59.000 in advance for work to be performed. Paid rent in advance of 510.100 to cover December through March rent Bought furniture, paying 54.400 cash and 54.500 notes payable Received 56.800 from accounts receivable Incurred salaries expense of $15.200 Paid 5520 toward their accounts Payable. Made an adjustment for revenue of $9,000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, $500 Paid salaries payable and incurred another 515.200 of salaries expense. Post the liability first Balance 0 16 31 31 Smart Touch Learning Adjusted Trial Balance December 31, 2016 31 31 Balance Account Title Debit Credit 31 Paid 54,700 in Dividends. We adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec Issued common stock for 4500 ch 2 3 5 Smart Touch Learning Adjusted Trial Balance December 31, 2016 10 15 Account Title Bled clients for $13.500 of work performed Received payment of $9.000 in advance for work to be performed Paid rent in advance of 10.100 cover December through March rent Bought furniture, paying 54.400 cash and 54 500 notes payable Received 6.800 from accounts receivable incurred salaries expense of $15.200 Paid 5520 toward their Accounts Payable Made an adjustment for revenue of 39.000 that was prepaid and had been earned Adjusted for rent expired during December Adjusted for depreciation on furniture, Debit Credit 15 Cash 16 Accounts Receivable Prepaid Rent 31 Furniture 31 Accumulated Depreciation-Fumiture Accounts Payable 31 Salaries Payable 31 Paid salaries payable and incurred another 515.200 of salaries expense Post the ability first Notes Payable 31 Paid $4,700 in Dividends