Question: plz help answer Application 8-1 and 8-2 thank you ) 8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries Ajoumal and general ledger accounts for Lens
8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries Ajoumal and general ledger accounts for Lens Laundry are given in the Working Papers. A partial work sheet for the month ended April 30 of the current year is shown below Supplies Preporld Insurance 5000 20000 20000 Ingurune Expo Miscellaneous Expo Supplies Expen 500 Use page 12 of a journal Journalize and post the adjusting entries. Save your work to complete Application Problem 8-2 8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Lon's Laundry from Application Problem 8-1. A partial work sheet for the month ended April 30 of the current year is shown below. ACE 760700 70000 98.00 100 70000 Accounts Receivable-Natasha Good Accounts Receivable Henry Supplies Prepaid inime Accounts Payable-Tri-City Supplies Accounts Payable-West End Supply Co. Leonard Lone Capital . Leonard Long Drawing Tume Smry Sales Adverthies Expense 38 TO SS500 6527 100000 6210 20000 Miscellaneous Expense SuppliesEs Utilities Expert 4500 62300 1041600 Net Income 126000 200 TOTO 2900 04.1600 623300 104.00 Continue on the same joumal page. Journal and post the closing entries Save your work to complete Application Problem - Recording Adjusting and Closing Entries for a Service Business Chapter 221 8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries Ajoumal and general ledger accounts for Lens Laundry are given in the Working Papers. A partial work sheet for the month ended April 30 of the current year is shown below Supplies Preporld Insurance 5000 20000 20000 Ingurune Expo Miscellaneous Expo Supplies Expen 500 Use page 12 of a journal Journalize and post the adjusting entries. Save your work to complete Application Problem 8-2 8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Lon's Laundry from Application Problem 8-1. A partial work sheet for the month ended April 30 of the current year is shown below. ACE 760700 70000 98.00 100 70000 Accounts Receivable-Natasha Good Accounts Receivable Henry Supplies Prepaid inime Accounts Payable-Tri-City Supplies Accounts Payable-West End Supply Co. Leonard Lone Capital . Leonard Long Drawing Tume Smry Sales Adverthies Expense 38 TO SS500 6527 100000 6210 20000 Miscellaneous Expense SuppliesEs Utilities Expert 4500 62300 1041600 Net Income 126000 200 TOTO 2900 04.1600 623300 104.00 Continue on the same joumal page. Journal and post the closing entries Save your work to complete Application Problem - Recording Adjusting and Closing Entries for a Service Business Chapter 221
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