I only need the Income Statement, Balance Sheet, and Statement of Owners Equity

F2 q/15 @ ACC 3023: Intermediate Accounting I - Accounting Cycle Assignment Dwyer Delivery Service completed the following transactions during its first month of operations, January 2020. a. Dwyer Delivery Service, a proprietorship, began operations by receiving from the owner $5,000 cash and a truck valued at $10,000. The business gave Paul Dwyer, the owner, capital in the business. W S b. Paid $200 cash for supplies. c. Paid prepaid insurance of $600. d. Performed delivery services for a customer and received $700 cash. e. Completed a large delivery job, billed the customer $2,000, and received a promise to collect the $2,000 within one week. Alt f. Paid employee salary of $800. g. Received $900 cash for performing delivery services. h. Collected $500 in advance for delivery service to be performed later. i. Collected $2,000 cash from a customer on account. j. Purchased fuel for the truck, paying $100 with a company credit card. Credit Accounts Payable. k. Performed delivery services on account for $800. 1. Paid office rent of $500 cash. This rent is not paid in advance. m. Paid $100 cash on account. n. Dwyer withdrew $1,900 cash for personal use. Requirements: 1. Record each transaction in general journal format using the account titles given below. Leave at least one blank line between each journal entry. Key each transaction by its letter. Explanations are not required. 2. Open the following T accounts in this sequence: 1218 Accepted Unlocks available: ST 2113 Accepted Students and Verified Educators have uploaded 1,711,233 study resources in the past 7 days! ST 2113 Accepted locks By date were you dowledge that you go to Couso Temala you may where you on the room where were ACCREDITED BURU PRIVACY FEEDBACK THIUSTE earch o 75F Cloudy 254 PM W112001 DOLL F F3 Service Revenue Cash Supplies on hand were $100. 2 3 Salary Expense Accounts Receivable Supplies Unearned service revenue W Depreciation Expense Insurance Expense Prepaid Insurance s Delivery Truck Fuel Expense 4. Prepare Dwyer D month ended Ja statement lis the small Accumulated Depreciation - Delivery Truck Rent Expense Supplies Expense 5. Jour x Accounts Payable 6. 3 Salary Payable Alt Unearned Service Revenue Paul Dwyer, Capital Paul Dwyer, Withdrawals Income Summary Post the transactions that you recorded in requirement 1. 3. Prepare the trial balance of Dwyer Delivery Service at the end of the month. Enter the trial balance as part of a 10 column accounting work sheet for the month ended January 31, 2020 as follows: Adjusted Income Balance Trial Balance Adjustments Trial Balance Statement Sheet Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr List all accounts in the sequence given above, including those accounts with zero balances if applicable. Complete the work sheet after entering the adjustment data for January 31st listed below: o. Accrued salary expense of $800. p. Depreciation expense of $50. q. Prepaid insurance expired of $150. 2 Dan BULVESS c PRIVACY FEEDBACK Powered by TRUST 75F Cloudy 2:54 PM 9/15/2021 F2 FE EG FS FG @ FZ FO SS FO 3 96 F10 F11 4 F12 5 Priser 6 & Z Insert Delete 8 R 9 T U Backage Supplies on hand were $100. Unearned service revenues earned during January 2020 were $400. 4. Prepare Dwyer Delivery Service's income statement and statement of owner's equity for the month ended January 31, 2020 and the classified balance sheet on that date. On the income statement list expenses in decreasing order by amount - that is, the largest expense first and the smallest expense last. 5. Journalize and post the adjusting entries. 6. Journalize and post the closing entries. Draw double underlines under the Withdrawals account, the Income Summary account, all the revenue accounts, and all the expense accounts to indicate their zero balances. 7. Prepare a post-closing trial balance at January 31, 2020. Note: This assignment will be graded for accuracy and format. It will be worth 15 points. The assignment is due on September 15, 2021. The assignment is to be completed by hand. Worksheets, journals, T-accounts, etc. can be set up either using MSWord or MSExcel, but they must be completed by hand. Assignments not completed by hand will be given a grade of zero. 3 VOTED & SECURE DOLL ACCREDITED BUSINESS FA 1 75F Cloudy ES F6 Q Z For the year BS Dr Cc Acc, Title Trial Balo Cash 5000 AIR 800 Prepaid Insurance 600 Supplies 200 Delivery Truck 110,000 Accounts Payable 3 Salary Pay. Dwyer Delivery Services Trial Balance Work Sheet ended Jan. 31, 2020 Adjustments Adi Tris) Bul. IS Dr Cr Dr Cr DE Cr Dr Cr 5,000 800 50 450 100 100 loot O 50 0 O 0 800 500 W 100 15000 15 000 1900 Ac. Depe: Deliverts 800 Theorned Service for Paul Duver, Cap. Poul Dure, Withdr. 1.900 Income Summary Service Revenue 150 4,400 400 4,800 Salary Expense 800 800 1,600 Depreciation Expenses 0 50 50 150 Insurance Expenses 0 Fuel Expense 100 100 500 Rent Expense 500 100 100 Totals 19.900 19900 1,500 1,500 20,750 20750 Supplies Exporse! 0