Paste V V 10 000 Number Cell Styles Styles Cells Analysis Sensitivity Add-ins Adobe Acrobat Clipboard D30 Font Z Alignment X fx A B C D E F G H I J K L M N 2 3 Kiersted Financial Services was formed on November 1, 2024. During the month of November, the following events and transactions occurred: 4 5 6 2 Nov 1 Haakon Kiersted, the owner, invested $35,000 cash in the company. He also invested equipment that had originally cost Haakon $25,000 but was currently worth $12,000. Hired one employee to work in the office for a monthly salary of $2,825. 7 3 8 4 9 Signed a three-year contract to lease office space for $2,140 per month. Paid the first and last month's rent in cash. (Hint: The prepayment for the final month's rent should be considered an as Purchased a one-year insurance policy for $4,740 to be paid in monthly installments. Paid the first month's premiums. 5 Purchased additional equipment for $18,000. Paid $6,000 cash and signed a note payable for the balance. 10 6 Purchased supplies for $1,550 on account. 11 7 Purchased additional supplies for $475 cash. 12 16 13 20 Completed services for a customer and immediately collected $990. Completed services for two customers and billed them a total of $4,500. 14 26 Paid $1,000 for the supplies purchased on account on November 6. 15 27 The telephone bill for November was $220. It will be paid in December. 16 27 17 29 Received a $750 cash advance from a customer for services to be provided in December. Collected $2,800 from one of the customers billed on November 20. 18 30 Paid $60 interest on the note payable. 19 30 Paid the employee's monthly salary, $2,825. 20 30 Paid Haakon Kiersted $700 for his personal use. 21 30 Paid Sony Ltd. For a new sound system for Haakon's home, $1,150 cash. < > 200 BE2-2 BE2-3 BE2-4 BE2-5 BE2-7,8 BE2-9,10 Ready Accessibility: Investigate 55F Sunny Search ttt L ASUS BE2-12 E2-9 BE2-18 E2-16 E2-18 P2-3B P2-6B P2-7E ** + 199 W X ENG US + 100% 8:08 AM 9/25/2023 39 ESC Edapp 7 12 2 134) # / 3 14 4 15 B % 5 16 f7 18/ ? & 6 Home f9 Dbut End f10 Fin PgUp f11 P.prc PgDn Prt Sc Pause Break f12 P.suiv. Impr.cr. Interr. 7 * 8 2 9 3 0 1/4 1/2 + 3/4 Insert Dfil. Del Suppr 21 22 A B JO PCT ponat apt aiu Tiaanon InCT PUCu C D 30 Paid Sony Ltd. For a new sound system for Haakon's home, $1,150 cash. E 23 a) Prepare journal entries to record the transactions. 24 b) Post the journal entries to ledger accounts. Use T accounts. 25 c) Prepare a trial balance as at-November 30, 2024. 26 27 28 GENERAL JOURNAL 29 Date Account Titles and Explanation + Ref Debit Credit 30 ## cash 31 32 33 34 35 36 37 38 39 < > BE2-2 BE2-3 BE2-4 BE2-5 BE2-7,8 BE2-9,10 BE2-12 BE2-18 E Ready Accessibility: Investigate 55F Sunny ESC chapp fl * O Search ASU f2 f3))) f4 f53 f6 f7 18 @ # Calibri 11 BIUA A Paste Clipboard V A 1 D30 Font XVfx 2 1LZ Alignment Custom Conditional Formatting Insert ( V $ % 9 Format as Table Delete V Editing < *** BE2-2 BE2-3 BE2-4 BE2-5 BE2-7,8 BE2-9,10 BE2-12 BE2-18 E2-9 E2-16 E2-18 P2-3B Ready Accessibility: Investigate 55F Sunny P2-6B P2-7E*** B + 100% ENG 8:09 AM 39 W X < US 9/25/2023 Search ESC L ASUS Home End 15 f6 f7 f8 / f9 Dbut f10 Fin PgUp f11 P.prc. PgDn f12 P.suiv. Prt Sc Impr.cr. Pause Break Insert Dfil. Del Suppr Interr. Clipboard Z V Font : XV fx LL F G May 30 Bal A H 17 19 Supplies 14 Alignment Prepaid Rent N 10 .00 .00 0 Number Cell Styles Styles Format v Cells Data Analysis Sensitivity Add-i J K L M N O P Service Revenue - May 30 Bal Insurance Expense May 30 Bal May 30 Bal = Equipment Interest Expense May 30 Bal Accounts Payable May 30 Bal Rent Expense Q Interest Expense Rent Expense Salaries Expense Telephone Expense Total S > BE2-2 BE2-3 BE2-4 BE2-5 BE2-7,8 BE2-9,10 BE2-12 BE2-18 E2-9 E2-16 E2-18 P2-3B P2-6B P2-7E Accessibility: Investigate 55F O Search W X Sunny ASUS D30 F 0 1 2 34567 8 69 O 1 72 73 45678 77 70 < G H Accounts Payable J K L M N O P Rent Expense - May 30 Bal May 30 Bal Salaries Expense Unearned Revenue BE2-2 May 30 Bal May 30 Bal + Telephone Expense May 30 Bal BE2-3 BE2-4 BE2-5 BE2-9,10 BE2-7,8 BE2-12 BE2-18 E2-9 E2-16 E2-18 P2-3B Ready Accessibility: Investigate 55F Sunny O Search ASUS