Question: please help with the ones that are wrong, i ama confused on how i get the correct answer The general ledger of Green Stream Cleaners











The general ledger of Green Stream Cleaners at January 1, 2024, Includes the following account balances: The following is a summary of the transactions for the yedr:: 1. Mareh 12 Provide servicen to customers, $58,000, of which $20,800 ts on account. 2. May 2 Collect on accounts receivable, $17,800. 3. June 30 Ianue shares of comsion stock in exehange for $4,000 eash. 4. Auguat 1 Pay salaries of $6,600 from 2023 (prior year). 5. September 25 Pay repaire and maintenance expenaes, $12,800. 6. October 19 Purehane equipment for $7,300cash. 7. December 30 Pay $1,200 eash dividendi to otoekholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreclation for the year on the equipment is $4,800. Office supplies remaining on hand at the end of the year equal $1,100. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31,2024. 9. Record closing entries. 1., 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-ciosing trial balance. GREEN STREAM CLEANERS Adjusted Trial Balance December 31, 2024 Req 5 Req 8a GREEN STREAM CLEANERS Income Statement For the Year Ended December 31, 2024
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
