Question: Please fill in the all blank TY ! ! During July, Bob Lutz completed these transactions for Lutz Repair Service: July 1 Paid the monthly
Please fill in the all blank TY
During July, Bob Lutz completed these transactions for Lutz Repair Service: July
Paid the monthly rent, $
Made the monthly payment to Bilbao Company, $
Purchased additional repair supplies on credit from Rusin Company,
$
Reccived cash repair revenue for the first half of the month, $ Paid cash for an advertisement in the local newspaper, $
Paid Rusin Company on account, $
Received cash repair revenue for the last half of the month, S
Recorded awithdrawal by owner, $
Prepare and post journal entries to record the July transactions.
Using the following information, record adjusting entries ni the general journal and post to the ledger accounts.
d One month's insurance has expired
e The inventory of unused repair supplies si $
f The estimated depreciation on repair equipment is $
From the accounts in the ledger, prepare an adjusted trial balance.
From the adjusted trial balance, prepare the July income statement, statement of owner's equity, and balance sheet.
Prepare and post closing entries.
Prepare a postclosing trial balance.
Open the following accounts: Cash ; Prepaid Insurance ; Repair Sup plies ; Repair Equipment ; Accumulated DepreciationRepair Equip ment ; Accounts Payable ; B Lutz, Capital ; B Lutz, Withdrawals ; Income Summary ; Repair Revenue ; Store Rent Expense ; Advertising Expense ; Insurance Expense ; Repair Supplies Expense ; and Depreciation ExpenseRepair Equipment Post the May journal entries to the ledger accounts.
Using the following information, record adjusting entries in the general journal and post to the ledger accounts:
d One month's insurance has expired.
e The remaining inventory of unused repair supplies si f The estimated depreciation on repair equipment si $
From the accounts in the ledger, prepare an adjusted trial balance.
Note: Normaly, a trial balance si prepared before adjustments but si omitted here to save time.
From the adjusted trial balance, prepare an income statement, a statement of own er's equity, and a balance sheet for Junc.
Prepare and post closing entries.
Prepare apostclosing trial balance.
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