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ex C Get Homework Help With Che X + haida7370318 chapterid=63462 Samance Commu. Business cards - Fountain Writers Work Wil Motley Fool Williams Tax Service Profile - Investing- BD Reading The Mid-Term Problem covers a monthly accounting cycle for Williams Tax Service, a sole proprietorship which is owned by John Williams. The business operations began on January 1, 2021. Williams Tax Service is a service organization and is located at 123 South Main Street in Graham, North Carolina. The company employs one employee, a receptionist/bookkeeper, Margaret Simmons, who is paid semi-monthly. Williams Tax Service rents the building they operate in and prepaid $12,000 for twelve months rent on January 1, 2021. Rent expense is allocated monthly. They also prepaid $6,000 for a twelve-month insurance policy on January 1, 2021, and allocate insurance expense monthly for expired insurance. To help in the operations of the business, Williams Tax Service purchased $15,000 worth of equipment on January 1, 2021 which will be depreciated over five years (60 months) at $250 per month Williams Tax Service accepts both cash and credit (on account) from their clients, and have some clients who wish to pay in advance for their services (unearned fees). These fees are taken into Fees Earned as they are earned Williams Tax Service prepabes monthly financial statements, including the Income Statement, the Statement of Owner's Equity, and a Classified Balance Sheet. These statements are distributed internally as well as to outside users such as creditors and clients. A chart of accounts for Williams Tax Service is given, along with a post-closing trial balance for March 30, 2021. You will use the Excel template provided in Chapter 4 of this booklet to complete the activities for the month of April. The general ledger includes beginning balances for April. There is a sample gradesheet in Chapter 3 which will give you a breakdown of the points. If you have any questions on how to complete this problem, contact your instructor. This problem shoukl help you MacBook Air C FVO % A & - Reading Cel Homework Hele With Che X + Tid=737031&chapterid=62462 mance Commu. V Business cards. Fountain Writers Work wi.. Motley Fool Revie. Profile - Investing- ntoprietorship which is owned by John Will the business operation be My Courses Wilmote Service is ten ngantation and is located in South Mitin Stein Grubim North Carolina. The company employs one employee, a receptionist/bookkeeper, Margaret Simmons, who is paid semi-monthly. Williams Tax Service rents the building they operate in and prepaid $12,000 for twelve months rent on January 1, 2021. Rent expense is allocated monthly. They also prepaid $6,000 for a twelve-month insurance policy on January 1, 2021, and allocate insurance expense monthly for expired insurance. To help in the operations of the business, Williams Tax Service purchased $15,000 worth of equipment on January 1, 2021 which will be depreciated over five years (60 months) at $250 per month. Williams Tax Service accepts both cash and credit (on account) from their clients, and have some clients who wish to pay in advance for their services (unearned fees). These fees are taken into Fees Earned as they are earned Williams Tax Service prepares monthly financial statements, including the Income Statement, the Statement of Owner's Equity, and a Classified Balance Sheet. These statements are distributed internally as well as to outside users such as creditors and clients. A chart of accounts for Williams Tax Service is given, along with a post-closing trial balance for March 30, 2021. You will use the Excel template provided in Chapter 4 of this booklet to complete the activities for the month of April. The general ledger includes beginning balances for April. There is a sample gradesheet in Chapter 3 which will give you a breakdown of the points. If you have any questions on how to complete this problem, contact your instructor. This problem should help you to understand the accounting cycle and how accounting works. Have fun! MacBook Air ego . FO * % 5 & 7 :: 6 8 c detramework Hello with Che X + w.php?id=7370318 chapterid=63128 Almance Commu Business cards - Fountain Writers Work I WILL Profile - Investing 2 Motley Fool Revie 2. Information for Mid-Term Problem 2.2. Chart of Accounts Williams Tax Service Chart of Accounts Acct 11 12 14 15 16 18 19 21 23 31 32 41 51 52 53 54 55 59 Account Title Cash Accounts receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Unearned Fees John Williams, Capital John Williams, Drawing Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Experise Insurance Expense Utilities Expense MacBook Air 200 000 4 13 *** II PLC $11 m % * 5 & 7 6 20 X C et Home with Che X Profile - Investing 0 Reading List epida7370316 chapterid=63129 mance Co. Business cards - Fountain Writers Work Wr. Motley Fool Revie TWITTER | | My Courses 2. information for Mid-Term Propiem 2.3. March Post-Closing Trial Balance After closing the books at the end of March, Williams Tax Service had the following post-closing trial balance: Williams Tax Service Post-Closing Trial Balance March 31, 2021 Aceto Account Title Debit Credit 11 Cash 15,500 12 Accounts Receivable 14.700 14 Supplies 1,500 15 Prepaid Rent 9,000 16 Prepaid Insurance 4,500 18 Office Equipment 15,000 19 Accumulated Depreciation 750 21 Accounts Payable 5100 23 Unearned Fees 9,000 31 John Williams, Capital 45.350 Totals 60.200 G0.200 MacBook Air 4 ) FO Get Home Help W Che X Pidu737031&chapterid=63130 Profile - Investing Reading Li Motley Fool Revie ance Commu Business cards - Fountain Writers Work Wil 2.4. April Transactions During the month of April, 2021, Williams Tax Service entered into the following transactions: Apr. 3. Received cash from clients as advance payments for services to be provided, $4,500 (Unearned Fees). 5. Received cash from clients on account, $10,500. 8. Paid cash for a water bill for $600. 10. Paid Office Depot on account, $2,500. 15. Recorded services provided on account for the period of April 1-15, $10,500, 15. Paid receptionist/bookkeeper a semi-monthly salary of $3,000. 15. Recorded cash from cash clients for fees earned during the period of April 1-15, $7,500. 16. Purchased office supplies on account, $2,300. 20. Paid telephone bill, $1,060. 21. Paid electricity bill, $850. 25. Recorded cash received from clients on account. $6,200. 30. Paid receptionist/bookkeeper a semi-monthly salary of $3,000, 30. Recorded cash from cash clients for fees earned for the period April 16-30, $9,600. 30. Recorded services on account for April 16-30, $10,600 MacBook Air . > 710 $ F12 % Reading the COH H Hele With Che X + 2737031&chapterid=63130 ce Comm Rusiness cards - 5. Fountain Writers Work Wri Motley Fool Revie Profile - Investing 3. Received cash from clients and inde payments for to be proud S4,300 (Unced Tee My Courses O 5. Received cash from clients on account, $10.500. 8. Paid cash for a water bill for $600. 10. Paid Office Depot on account, $2,500. 15. Recorded services provided on account for the period of April 1-15, $10,500. 15. Paid receptionist/bookkeeper a semi-monthly salary of $3,000. 15. Recorded cash from cash clients for fees earned during the period of April 1-15, $7.500. 16. Purchased office supplies on account, $2,300. 20. Paid telephone bill, $1,060. 21. Paid electricity bill, $850. 25. Recorded cash received from clients on account, $6,200. 30. Paid receptionist/bookkeeper a semi-monthly salary of $3,000. 30. Recorded cash from cash clients for fees earned for the period April 16-30, $9,600, 30. Recorded services on account for April 16-30, $10,600. 30. John withdrew $10,000 for personal use. MacBook Air .. 44 6 Po FUL TV2 % & + C Oet Homework Help With Che X x 3 7370315chapterid 63131 Comu Business cards - Fountain Switers Work Wri Motley Fool Revie Profile - Investing Reading List 2.5. Mid-Term Problem Instructions Note: Go to the Assignment for additional information. The Excel Template is in Chapter 4 of this booklet. Instructions: 1. Journalize each of the April transactions in the two-column journal provided in the Excel template. Record transactions for April 1-15 on page 5 of the journal. Record transactions for April 16-30 on page 6 of the journal. 2. Post the transactions from the journal to the general ledger accounts. 3. Prepare an unadjusted trial balance on the worksheet provided. 4. Using information below, the lecture notes and the unadjusted trial balance, prepare and journalize the adjusting journal entries in journal page 7: Supplies on hand on April 30, $900. Insurance expired during the month of April. Expired rent for the month of April. Depreciation on office equipment for April. Unearned fees on April 30, $7,600. 5. Enter the adjusting entries on the worksheet and complete all ten columns of the worksheet. 6. Post the adjusting journal entries in the general ledger accounts. 7. Prepare an income statement, statement of owner's equity, and classified balance sheet. 8. Prepare and journalize the closing entries on page 8 of the journal. 9. Post the closing entries in the general ledger accounts. 10. Prepare a post-closing trial balance as of April 30, 2021. MacBook Air 1$ 4 2 FVO FI FN2 % & O + Cet Homework Help With Che X 370316 chapterid 63132 Profile - Investing Motley Fool Revie Reading List Comm. Business cards Fountain Writers Work Wit... Mid-Term Problem Resource Book 3. Sample Student Grade Sheet ACC120 - Principles of Financial Accounting Mid-Term Problem Gradesheet for: Graded Item Points Earned Journal Entries in Journal Posting transaction journal entries to General Ledger Completing Worksheet Adjuking Journal Entries in Journal Posting Adjusting Journal Entries in General Ledger Income Statement Statement of Owner's Equity Classified Balance Sheet Closing Journal Entries in Journal Posting Closing Journal entries in General Ledger Post closing Trial Balance Possible Points 40 10 30 15 10 15 10 15 15 10 10 Total Points Grade Letter Grade MacBook Air FO 110 FU 912 % & AutoSave 2021 Fall Excel Template for Mid-Term Pre Tell me Horne Insert Draw Page Layout Formulas Data Review View 61 x x A 6 C D E F H JOURNAL Pool Rat Debit Credit 45 D 482021 47 Apr 41 49 50 51 53 15 50 IT sa 81 01 MS BA 30 TH 272 TS June Sheet teger wo SHOE Adjusting and Casino 10 etv N EN MacBook Air esc F2 00 000 13 000 4 . # 3 $ 1 % & N 4 SP AutoSave 2021 Fall Excel Template for Mid-Term Formulas Data Review View Tell me Home Insert Draw Page Layout A1 x fx Name: c + Name: 2 3 ACCOUNT Com A D E F G M M ACCOUNT NO 11 BALANCE LTEM POST REF DERIT 5 DATE 2021 + Aer CREDIT DEBIT CREDIT 1 Balance 15,500 10 12 13 18 16 RAMSAR ACCOUNT A MCCOUNT NO 12 BALANCE ITEM POST OT PREOT 31 DATE 12 2021 At 4 DEBIT CREDIT Balance 14 700 11 To Journal Sheet General Ledger WS 15 and staf ndeshe Acting and closing sty MacBook Air esc 20 F3 000 000 . **. SP AutoSave 2021 Fall Excel Template for Mid-Term Formulas Data Review View Tell me Home Insert Draw Page Layout A1 x fx Name: c + Name: 2 3 ACCOUNT Com A D E F G M M ACCOUNT NO 11 BALANCE LTEM POST REF DERIT 5 DATE 2021 + Aer CREDIT DEBIT CREDIT 1 Balance 15,500 10 12 13 18 16 RAMSAR ACCOUNT A MCCOUNT NO 12 BALANCE ITEM POST OT PREOT 31 DATE 12 2021 At 4 DEBIT CREDIT Balance 14 700 11 To Journal Sheet General Ledger WS 15 and staf ndeshe Acting and closing sty MacBook Air esc 20 F3 000 000 . **. Excel File Edit View Insert Format Tools Data Window AutoSave HT 09 Help 2021 Fall Excel Template for Mid-Term Pro Tell me Home Insert Draw Page Layout Formulas Data Review View A1 X Name: A ACCOONI G 0 E F . G ALLONI NO M 10 BALANCE ITEM POST REF DERIT CROFT DERIT CREDIT 3 DATE 12. 2021 30 Apr 1 Balance 14,700 35 30 32 16 30 10 41 12 41 45 40 17 ACCOUNT ACCOUNT NO 10 BALANCE ITE POST DATE 03021 31 Aor. DERIT CREDIT DEBIT CHEOT 1 Base 1,500 56 SS ACCOUNT Ppt CY DATE ITEV 2021 Balance ACCOUNT NO REF DEN ORED DET BALANCE CREDIT her - 6,000 53 ACCOUNT 4 ACCOUNT NO ST DATE BALANCE POST RE DEST CREDIT DEBIT CREDE Lado Won 25 and Ang and clean a 10 atv NRA MacBook Air esc 00 000 A Home Insert Draw Page Layout Formulas Data Review View Tell me A1 Xfx Name: A B G D E F G H 65 ACCOUNT Pmpakt Insurance 66 ACCOUNT NO 16 BALANCE POST REF DEBIT CREDIT DEBIT CREDIT 2.250 67 DATE UTEM 6 2021 co Apr 1 Balance 70 71 72 73 74 ACCOUNT Omce Equipment 75 ACCOUNT NO TE BALANCE ITEM POST REF DERIT CREDIT DEBIT CREDIT 75 DATE 77 2021 78 Apr 79 60 1 Balance 15,000 12 ACCOUNT Accumulated Depreciation ACCOUNT NO 19 BALANCE ITEM POST REF DEBIT CREDIT 14 DATE 35 2021 Apr DEBIT CREDIT 1 Balance 750 38 91 193 ACCOUNT Act Pays 05 ACCOUNT NO 21 DALANCE ITEM POST REF D DATE T 2021 6 Apr CREDIT DEBIT CREDIT 1 Balance 5.100 190 10 Journa General Ledger Works Is and Stat o OE Bande S DO 10 MacBook A B D E F G 1 a 94 ACCOUNT Accounts Payable 05 ACCOUNT NO 21 BALANCE POST REF DEBIT CREDIT DEBIT CREDIT 5,100 96 DATE ITEM 97 2021 sa Apr. 1 Balance 95 100 101 102 103 104 105 106 107 105 109 ACCOUNT Uneamed Fees 110 ACCOUNT NO 23 BALANCE POST REF DEBIT CREDIT DEBIT CREDIT 9,000 111 DATE ITEM 112. 2021 113 Apr 1 Balance 114 115 110 117 118 ACCOUNT Ahn Williams Capital 115 ACCOUNT NO 31 BALANCE POST REF DERIT CREDIT DEBIT CREDIT 40.100 120 DATE ITEM 121 2021 122 Aor 1 Balance 123 124 125 126 127 120 129 ACCOUNT John Williams Dag 130 ACCOUNT NO BALANCE POST Journal Sot General Ledger Worksheet 15 and Stat of OE Balance Sheet Ready Add 10 MacBool A1 Xfx Name: D H B C 129 ACCOUNT Ahn Wams, Drawing 130 ACCOUNT NO 32 BALANCE POST REF DEBIT CREDIT DEBIT CREDIT 131 DATE ITEM 1322021 133 134 135 13 137 138 139 ACCOUNT Fees Eamed 140 ACCOUNT NO 41 BALANCE 141 DATE 142 2021 ITEM POST REF DEBIT CREDIT DEBIT CREDIT 144 145 146 147 14 149 150 151 152 153 154 ACCOUNT Salary Expanse 155 ACCOUNT NO 51 BALANCE POST REF DEBIT CREDITO DERIT CREDIT 150 DATE ITEM 1572021 1158 150 100 303 102 13 104 ACCOUNT An Expanse 1 ACCOUNT NO BALANCE 160 DATE POST DENT CREDIT General Ledger Worksheet CREDIT Journal Sheet 15 Stato OE Balance Sheet Ready OC 10 MacBoot Name D E F G A 02 164 ACCOUNT Rent Expert 165 H 1 ACCOUNT NO 62 BALANCE POST ITEM REF DEBIT CREDIT DEBIT CREDIT 166 DATE 167 2021 168 189 170 $75 173 ACCOUNT Supplies Expense 174 ACCOUNT NO 53 BALANCE POST REF DEBIT CREDIT DEBIT CREDIT 175 DATE ITEM 176 2021 177 178 179 180 11 182 163 184 ACCOUNT Depreciation Expense 185 ACCOUNT NO 54 BALANCE POST DEBIT CREDIT DEBIT CREDIT 16 DATE ITEM 157 2021 189 ses 190 191 992 to 11 195 ACCOUNT Anne Expense 100 ACCOUNT NO 58 BALANCE ITEM POST REF DEBIT CREDIT DEBIT CREDIT 597 DATE on 2021 10 200 203 Journal Sheet General Ledger Worksheet 15 and Star of OE Ready Balance Sheet Adu 10 MacBook B D E G H 104 195 ACCOUNT Insurance Expanse 196 ACCOUNT NO 55 BALANCE POST REF DEBIT CREDIT DEBIT CREDIT 197 DATE ITEM 198 2021 199 200 201 202 203 204 205 206 ACCOUNT es Expense 207 ACCOUNT NO 59 BALANCE ITEM POST REF DEBIT CREDIT DEBIT CREDIT 200 DATE 209 2021 210 211 212 213 234 215 210 2-17 218 215 220 221 222 223 224 225 226 227 220 220 230 23 A2 233 234 255 Journal Shoot General Ledger Worksheet IS and Stator OE Balance Sheet Ready AUS ET 10 MacBook Excel File Edit View Insert Format Tools Data Window Help AutoSave 2021 Fall Excel Template for M Home Insert Draw Page Layout Formulas Data Review View Tell me A2 Xfx Williams Tax Service A B D E F H 1 Name Williams Tax Service Work Sheet For the Month Ended April 30, 2021 TRIAL BALANCE DENT CREDIT ADJUSTMENTS GESIT CREDIT ANI TRIAL BALANCE DERIT CREDIT INCOME STATEMENT DERIT CREDIT BALANCE SHEET DERIT CREDIT 3 4 5 0 7 ACCOUNT TITLE # Cash Accounts Receivable 10 Supplies 11 Prepaid Rent 12 Prepaid Insurance 13 Omce Equipment 14 Acom.ated Depreciation 15 Accounts Payable 16 Uneamed Fees 17 shn William Captal 1 John William, Drawing 13 Fees Eamed 20 Salary Expense 21 Rent Expense 22 Supplies Expense 23 Depreciation Expense 24 Expense 35 Lt Expense 26 27 Net Income 20 30 31 23 14 ouma Sheet General Ledger Worksheet IS and Statat e Balance Sheet Adjusting and DET 10 ty MacBook Air AutoSave 2021 Fall Excel Template for Home Data Review View Tell me A32 Insert Draw Page Layout Formulas A fx Williams Tax Service A WELCO Income Statement D E F G 5 0 7 10 11 t2 13 14 15 10 17 ta 19 20 21 22 23 24 25 20 27 39 30 Williams Tax Service Statement of Owner's Equity 33 34 as 30 33 30 40 41 Jouma Sheet1 General Ledger Worksheet IS and Stat of OE Balance Sheet Adjustingar Ready DCS 10 MacBook Ai AutoSave 2021 Fall Excel Template for Home Data Review View Tell me A32 Insert Draw Page Layout Formulas A fx Williams Tax Service A WELCO Income Statement D E F G 5 0 7 10 11 t2 13 14 15 10 17 ta 19 20 21 22 23 24 25 20 27 39 30 Williams Tax Service Statement of Owner's Equity 33 34 as 30 33 30 40 41 Jouma Sheet1 General Ledger Worksheet IS and Stat of OE Balance Sheet Adjustingar Ready DCS 10 MacBook Ai 2021 Fall Excel Template Home Insert Draw Page Layout Formulas Data Review View Tell me A32 XFx Williams Tax Service A E F 14 15 16 17 10 19 20 21 22 23 24 25 26 27 2 29 30 31 32 33 34 35 36 37 Williams Tax Service Statement of Owner's Equality 39 20 41 42 43 47 50 Jouma Sheet General Ledger Worksheet IS and Stat of OL Balance Sheet Adjustingar 10 MacBook Ai AutoSave Ka 2021 Fall Excel Tem Home Formulas Data Review Insert Draw Page Layout x fe View Tell me D38 A Name: D 1 2 3 4 5 6 7 B Willame Tax Service Classified Balance Sheet 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 27 3 40 6 Journal Sheet General Ledger Worksheet IS and Stator OE Ready Balance Sheet Adjust DOT 10 MacBook Home Insert Draw Page Layout Formulas Data Review View Tell me ca Ax fx A B D F G H 46 47 JOURNAL Page 3 Date Post Rat. Description Cloning Entries Debit 48 45 50 51 Credit 2021 Apr 30 55 54 55 56 57 58 59 80 61 62 53 09 70 75 72 Y 75 2 50 Journal Sheet General Ledger Worksheet Ready IS and Stato OF Balance Sheet Adjus 10 MacBook Home Insert Draw Page Layout Formulas Data Review View Tell me G19 x fx A D E F 1 2 3 4 5 6 7 bunt Title Williams Tax Service Post Closing Thal Balance April 30, 2021 Debat Credit 0 0 10 11 12 13 14 15 16 17 16 19 20 22 23 24 35 39 903 Souma Sheet1 General Ledger Worksheet IS and Stat of OE Ready Balance Sheet ENT 10 MacE ex C Get Homework Help With Che X + haida7370318 chapterid=63462 Samance Commu. Business cards - Fountain Writers Work Wil Motley Fool Williams Tax Service Profile - Investing- BD Reading The Mid-Term Problem covers a monthly accounting cycle for Williams Tax Service, a sole proprietorship which is owned by John Williams. The business operations began on January 1, 2021. Williams Tax Service is a service organization and is located at 123 South Main Street in Graham, North Carolina. The company employs one employee, a receptionist/bookkeeper, Margaret Simmons, who is paid semi-monthly. Williams Tax Service rents the building they operate in and prepaid $12,000 for twelve months rent on January 1, 2021. Rent expense is allocated monthly. They also prepaid $6,000 for a twelve-month insurance policy on January 1, 2021, and allocate insurance expense monthly for expired insurance. To help in the operations of the business, Williams Tax Service purchased $15,000 worth of equipment on January 1, 2021 which will be depreciated over five years (60 months) at $250 per month Williams Tax Service accepts both cash and credit (on account) from their clients, and have some clients who wish to pay in advance for their services (unearned fees). These fees are taken into Fees Earned as they are earned Williams Tax Service prepabes monthly financial statements, including the Income Statement, the Statement of Owner's Equity, and a Classified Balance Sheet. These statements are distributed internally as well as to outside users such as creditors and clients. A chart of accounts for Williams Tax Service is given, along with a post-closing trial balance for March 30, 2021. You will use the Excel template provided in Chapter 4 of this booklet to complete the activities for the month of April. The general ledger includes beginning balances for April. There is a sample gradesheet in Chapter 3 which will give you a breakdown of the points. If you have any questions on how to complete this problem, contact your instructor. This problem shoukl help you MacBook Air C FVO % A & - Reading Cel Homework Hele With Che X + Tid=737031&chapterid=62462 mance Commu. V Business cards. Fountain Writers Work wi.. Motley Fool Revie. Profile - Investing- ntoprietorship which is owned by John Will the business operation be My Courses Wilmote Service is ten ngantation and is located in South Mitin Stein Grubim North Carolina. The company employs one employee, a receptionist/bookkeeper, Margaret Simmons, who is paid semi-monthly. Williams Tax Service rents the building they operate in and prepaid $12,000 for twelve months rent on January 1, 2021. Rent expense is allocated monthly. They also prepaid $6,000 for a twelve-month insurance policy on January 1, 2021, and allocate insurance expense monthly for expired insurance. To help in the operations of the business, Williams Tax Service purchased $15,000 worth of equipment on January 1, 2021 which will be depreciated over five years (60 months) at $250 per month. Williams Tax Service accepts both cash and credit (on account) from their clients, and have some clients who wish to pay in advance for their services (unearned fees). These fees are taken into Fees Earned as they are earned Williams Tax Service prepares monthly financial statements, including the Income Statement, the Statement of Owner's Equity, and a Classified Balance Sheet. These statements are distributed internally as well as to outside users such as creditors and clients. A chart of accounts for Williams Tax Service is given, along with a post-closing trial balance for March 30, 2021. You will use the Excel template provided in Chapter 4 of this booklet to complete the activities for the month of April. The general ledger includes beginning balances for April. There is a sample gradesheet in Chapter 3 which will give you a breakdown of the points. If you have any questions on how to complete this problem, contact your instructor. This problem should help you to understand the accounting cycle and how accounting works. Have fun! MacBook Air ego . FO * % 5 & 7 :: 6 8 c detramework Hello with Che X + w.php?id=7370318 chapterid=63128 Almance Commu Business cards - Fountain Writers Work I WILL Profile - Investing 2 Motley Fool Revie 2. Information for Mid-Term Problem 2.2. Chart of Accounts Williams Tax Service Chart of Accounts Acct 11 12 14 15 16 18 19 21 23 31 32 41 51 52 53 54 55 59 Account Title Cash Accounts receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Unearned Fees John Williams, Capital John Williams, Drawing Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Experise Insurance Expense Utilities Expense MacBook Air 200 000 4 13 *** II PLC $11 m % * 5 & 7 6 20 X C et Home with Che X Profile - Investing 0 Reading List epida7370316 chapterid=63129 mance Co. Business cards - Fountain Writers Work Wr. Motley Fool Revie TWITTER | | My Courses 2. information for Mid-Term Propiem 2.3. March Post-Closing Trial Balance After closing the books at the end of March, Williams Tax Service had the following post-closing trial balance: Williams Tax Service Post-Closing Trial Balance March 31, 2021 Aceto Account Title Debit Credit 11 Cash 15,500 12 Accounts Receivable 14.700 14 Supplies 1,500 15 Prepaid Rent 9,000 16 Prepaid Insurance 4,500 18 Office Equipment 15,000 19 Accumulated Depreciation 750 21 Accounts Payable 5100 23 Unearned Fees 9,000 31 John Williams, Capital 45.350 Totals 60.200 G0.200 MacBook Air 4 ) FO Get Home Help W Che X Pidu737031&chapterid=63130 Profile - Investing Reading Li Motley Fool Revie ance Commu Business cards - Fountain Writers Work Wil 2.4. April Transactions During the month of April, 2021, Williams Tax Service entered into the following transactions: Apr. 3. Received cash from clients as advance payments for services to be provided, $4,500 (Unearned Fees). 5. Received cash from clients on account, $10,500. 8. Paid cash for a water bill for $600. 10. Paid Office Depot on account, $2,500. 15. Recorded services provided on account for the period of April 1-15, $10,500, 15. Paid receptionist/bookkeeper a semi-monthly salary of $3,000. 15. Recorded cash from cash clients for fees earned during the period of April 1-15, $7,500. 16. Purchased office supplies on account, $2,300. 20. Paid telephone bill, $1,060. 21. Paid electricity bill, $850. 25. Recorded cash received from clients on account. $6,200. 30. Paid receptionist/bookkeeper a semi-monthly salary of $3,000, 30. Recorded cash from cash clients for fees earned for the period April 16-30, $9,600. 30. Recorded services on account for April 16-30, $10,600 MacBook Air . > 710 $ F12 % Reading the COH H Hele With Che X + 2737031&chapterid=63130 ce Comm Rusiness cards - 5. Fountain Writers Work Wri Motley Fool Revie Profile - Investing 3. Received cash from clients and inde payments for to be proud S4,300 (Unced Tee My Courses O 5. Received cash from clients on account, $10.500. 8. Paid cash for a water bill for $600. 10. Paid Office Depot on account, $2,500. 15. Recorded services provided on account for the period of April 1-15, $10,500. 15. Paid receptionist/bookkeeper a semi-monthly salary of $3,000. 15. Recorded cash from cash clients for fees earned during the period of April 1-15, $7.500. 16. Purchased office supplies on account, $2,300. 20. Paid telephone bill, $1,060. 21. Paid electricity bill, $850. 25. Recorded cash received from clients on account, $6,200. 30. Paid receptionist/bookkeeper a semi-monthly salary of $3,000. 30. Recorded cash from cash clients for fees earned for the period April 16-30, $9,600, 30. Recorded services on account for April 16-30, $10,600. 30. John withdrew $10,000 for personal use. MacBook Air .. 44 6 Po FUL TV2 % & + C Oet Homework Help With Che X x 3 7370315chapterid 63131 Comu Business cards - Fountain Switers Work Wri Motley Fool Revie Profile - Investing Reading List 2.5. Mid-Term Problem Instructions Note: Go to the Assignment for additional information. The Excel Template is in Chapter 4 of this booklet. Instructions: 1. Journalize each of the April transactions in the two-column journal provided in the Excel template. Record transactions for April 1-15 on page 5 of the journal. Record transactions for April 16-30 on page 6 of the journal. 2. Post the transactions from the journal to the general ledger accounts. 3. Prepare an unadjusted trial balance on the worksheet provided. 4. Using information below, the lecture notes and the unadjusted trial balance, prepare and journalize the adjusting journal entries in journal page 7: Supplies on hand on April 30, $900. Insurance expired during the month of April. Expired rent for the month of April. Depreciation on office equipment for April. Unearned fees on April 30, $7,600. 5. Enter the adjusting entries on the worksheet and complete all ten columns of the worksheet. 6. Post the adjusting journal entries in the general ledger accounts. 7. Prepare an income statement, statement of owner's equity, and classified balance sheet. 8. Prepare and journalize the closing entries on page 8 of the journal. 9. Post the closing entries in the general ledger accounts. 10. Prepare a post-closing trial balance as of April 30, 2021. MacBook Air 1$ 4 2 FVO FI FN2 % & O + Cet Homework Help With Che X 370316 chapterid 63132 Profile - Investing Motley Fool Revie Reading List Comm. Business cards Fountain Writers Work Wit... Mid-Term Problem Resource Book 3. Sample Student Grade Sheet ACC120 - Principles of Financial Accounting Mid-Term Problem Gradesheet for: Graded Item Points Earned Journal Entries in Journal Posting transaction journal entries to General Ledger Completing Worksheet Adjuking Journal Entries in Journal Posting Adjusting Journal Entries in General Ledger Income Statement Statement of Owner's Equity Classified Balance Sheet Closing Journal Entries in Journal Posting Closing Journal entries in General Ledger Post closing Trial Balance Possible Points 40 10 30 15 10 15 10 15 15 10 10 Total Points Grade Letter Grade MacBook Air FO 110 FU 912 % & AutoSave 2021 Fall Excel Template for Mid-Term Pre Tell me Horne Insert Draw Page Layout Formulas Data Review View 61 x x A 6 C D E F H JOURNAL Pool Rat Debit Credit 45 D 482021 47 Apr 41 49 50 51 53 15 50 IT sa 81 01 MS BA 30 TH 272 TS June Sheet teger wo SHOE Adjusting and Casino 10 etv N EN MacBook Air esc F2 00 000 13 000 4 . # 3 $ 1 % & N 4 SP AutoSave 2021 Fall Excel Template for Mid-Term Formulas Data Review View Tell me Home Insert Draw Page Layout A1 x fx Name: c + Name: 2 3 ACCOUNT Com A D E F G M M ACCOUNT NO 11 BALANCE LTEM POST REF DERIT 5 DATE 2021 + Aer CREDIT DEBIT CREDIT 1 Balance 15,500 10 12 13 18 16 RAMSAR ACCOUNT A MCCOUNT NO 12 BALANCE ITEM POST OT PREOT 31 DATE 12 2021 At 4 DEBIT CREDIT Balance 14 700 11 To Journal Sheet General Ledger WS 15 and staf ndeshe Acting and closing sty MacBook Air esc 20 F3 000 000 . **. SP AutoSave 2021 Fall Excel Template for Mid-Term Formulas Data Review View Tell me Home Insert Draw Page Layout A1 x fx Name: c + Name: 2 3 ACCOUNT Com A D E F G M M ACCOUNT NO 11 BALANCE LTEM POST REF DERIT 5 DATE 2021 + Aer CREDIT DEBIT CREDIT 1 Balance 15,500 10 12 13 18 16 RAMSAR ACCOUNT A MCCOUNT NO 12 BALANCE ITEM POST OT PREOT 31 DATE 12 2021 At 4 DEBIT CREDIT Balance 14 700 11 To Journal Sheet General Ledger WS 15 and staf ndeshe Acting and closing sty MacBook Air esc 20 F3 000 000 . **. Excel File Edit View Insert Format Tools Data Window AutoSave HT 09 Help 2021 Fall Excel Template for Mid-Term Pro Tell me Home Insert Draw Page Layout Formulas Data Review View A1 X Name: A ACCOONI G 0 E F . G ALLONI NO M 10 BALANCE ITEM POST REF DERIT CROFT DERIT CREDIT 3 DATE 12. 2021 30 Apr 1 Balance 14,700 35 30 32 16 30 10 41 12 41 45 40 17 ACCOUNT ACCOUNT NO 10 BALANCE ITE POST DATE 03021 31 Aor. 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