Question: part 2 from the first question 4) Journalize the following adjusting entries: A) Ed determines that he was $250 worth of supplies still on hand.

part 2 from the first question

4) Journalize the following adjusting entries: A) Ed determines that he was $250 worth of supplies still on hand. B) One month of insurance was been used. C) The depreciation on our office equipment is $250. D) Our part-time employee has earned $20 so far this week. He will be paid next month for the full week's work. 5) Post the adjusting entries. 6) Prepare an adjusted trial balance. 7) Prepare an Income Statement, Statement of Owner's Equity and a Classified Balance Sheet. 8) Journalize the closing entries. 9) Post the closing entries. 10) Prepare a post-closing trial balance. ED'S BOOKKEEPING SERVICE CHART OF ACCOUNTS 101 Cash 102 Petty Cash 108 Accounts Receivable 112 Office Supplies 1 18 Prepaid Insurance 5 " oct " 201 Office Equipment 202 Accumulated Depreciation-Office Equipment 301 Accounts Payable 308 Wages Payable 511 Ed Richardson, Capital 512 Ed Richardson, Drawing 513 Income Summary 611 Professional Fees 810 Advertising Expense 815 Depreciation Expense 820 Insurance Expense 825 Miscellaneous Expense 830 Office Supplies Expense 835 Rent Expense 840 Utilities Expense 845 Wages Expense
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