Prepare General Journal, T-account, Adjusted Trial Balance., Income statement and retain earning balance sheet. Feb. 1 The

Prepare General Journal, T-account, Adjusted Trial Balance., Income statement and retain earning balance sheet.

 

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Feb. 1 The Office Supplies on hand is (Do not modify) Feb. 16 Paid the telephone bill $500 notified on Jan. 29 Mar. 1 Purchased supplies for $5,600 cash Jun. 10 Completed the service for the cash $3000 receipt on Jan. 30 Jul. 1 Purchased an insurance policy for $2,000 that covers a year Sep. 1 A client engages your company to provide Contracting service and paid $6,500 in advance. The job will take several months to complete. Oct. 1 Issued a $10,000 one-year bond with a 10% stated interest rate. The principal and interest will be paid on Sep. 30 the next year. Dec. 1 A client engages your company to provide Contracting service The client will pay $4,000 on January 31 Dec. 15 Purchased equipment for $3,000 and a used truck for $5,000 Dec. 31 The office supplies on hand total $1,500 Dec. 31 11 months have passed since rent prepayment on Jan. 31 Dec. 31 Adjusted the prepaid insurance purchased on Jul. 1 Dec. 31 The job which started on Sep. 1 is estimated to be 40% complete Dec. 31 Recognized the interest expense incurred for 3 months Dec. 31 Earned half of the service contract on Dec. 1 receive In advance Dec. 31 Depreciation for the current year includes: Equipment $300 and Trucks $800. Feb. 1 The Office Supplies on hand is (Do not modify) Feb. 16 Paid the telephone bill $500 notified on Jan. 29 Mar. 1 Purchased supplies for $5,600 cash Jun. 10 Completed the service for the cash $3000 receipt on Jan. 30 Jul. 1 Purchased an insurance policy for $2,000 that covers a year Sep. 1 A client engages your company to provide Contracting service and paid $6,500 in advance. The job will take several months to complete. Oct. 1 Issued a $10,000 one-year bond with a 10% stated interest rate. The principal and interest will be paid on Sep. 30 the next year. Dec. 1 A client engages your company to provide Contracting service The client will pay $4,000 on January 31 Dec. 15 Purchased equipment for $3,000 and a used truck for $5,000 Dec. 31 The office supplies on hand total $1,500 Dec. 31 11 months have passed since rent prepayment on Jan. 31 Dec. 31 Adjusted the prepaid insurance purchased on Jul. 1 Dec. 31 The job which started on Sep. 1 is estimated to be 40% complete Dec. 31 Recognized the interest expense incurred for 3 months Dec. 31 Earned half of the service contract on Dec. 1 receive In advance Dec. 31 Depreciation for the current year includes: Equipment $300 and Trucks $800. Feb. 1 The Office Supplies on hand is (Do not modify) Feb. 16 Paid the telephone bill $500 notified on Jan. 29 Mar. 1 Purchased supplies for $5,600 cash Jun. 10 Completed the service for the cash $3000 receipt on Jan. 30 Jul. 1 Purchased an insurance policy for $2,000 that covers a year Sep. 1 A client engages your company to provide Contracting service and paid $6,500 in advance. The job will take several months to complete. Oct. 1 Issued a $10,000 one-year bond with a 10% stated interest rate. The principal and interest will be paid on Sep. 30 the next year. Dec. 1 A client engages your company to provide Contracting service The client will pay $4,000 on January 31 Dec. 15 Purchased equipment for $3,000 and a used truck for $5,000 Dec. 31 The office supplies on hand total $1,500 Dec. 31 11 months have passed since rent prepayment on Jan. 31 Dec. 31 Adjusted the prepaid insurance purchased on Jul. 1 Dec. 31 The job which started on Sep. 1 is estimated to be 40% complete Dec. 31 Recognized the interest expense incurred for 3 months Dec. 31 Earned half of the service contract on Dec. 1 receive In advance Dec. 31 Depreciation for the current year includes: Equipment $300 and Trucks $800.

Answer rating: 100% (QA)

To prepare the General Journal Taccounts Adjusted Trial Balance Income Statement and Retained Earnings Balance Sheet we need to record the given transactions and make necessary adjustments Here is the ... View the full answer