Question: i need this chart filled out, i dont understand what im supposed to do Jutio Estela started a smail boat repair service compary during the

i need this chart filled out, i dont understand what im supposed to do
i need this chart filled out, i dont understand what im supposed
to do Jutio Estela started a smail boat repair service compary during

Jutio Estela started a smail boat repair service compary during the current year. He is interested in obtaining a $100,000 loan from your bank to build a dry dock to store boats for customers. At the end of the year, he prepared the following statements based on information stored in a large filing cabinet: The following is a summary of completed transactions: b. Earned service fees during the current year of $87,000, of the cash collected, $20,000 was for deposits from customers on work to be done by Julio in the next year C. Received the cash dividends on shates of ABC industral stock purchased by Julio Estela six years earlier (the stock was not owned by the company) d. Incurred operating expenses during the current year of $61,000 e. Determined amount of supplies on hand (unused at the end of the current year as $700 I. A temporary employee, subsequenty fired, stole $500 cash from the businest There was no insurance coveroge for thef 9 Purchased tools and equipment during the year. Complete this question by entering your answers in the tabs below. Reconstruct the correct entries under accrual accounting principles. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record entry for introduction of assets at FMV as share capital. Note: Enter debits before credits

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