1. Prepare journal entries for the above. Include the general Journal, adjusting entries, and closing entries.

2. Prepare a ledger.

3. Prepare a trial balance.

4. Prepare an adjusted trial balance.

5. Prepare a post closing trial balance.

6. Prepare an income statement, a statement of owner's equity, and a balance sheet.

11 1 John Smith has been working part time as a business consultant for several years. 2 He had acquired several clients and decided to go into the business full time. 3 He created a company called Mile High Consulting on June 1, 2018. 4 The following transactons occurred during June. 5 6 1-Jun The following assets were put into the Company; cash, $20,000, 7 accounts receivable, $14,700, supplies, $3,300, and office equipment, $12,000. 8 1-Jun Prepaid three months rent for a rental office, $6,000. 92-Jun Paid the one year premium on property and casualty insurance policies, $4,200. 10 4-Jun Received $9,400 cash from clients as advanced payments for services to be performed later. 5-Jun Purchased additional office equipment on account from Office Depot, $8,000. 12 6-Jun Received cash from clients on their accounts, $11,700 13 10-Jun Paid cash for a newspaper advertisement, $350. 14 12-Jun Paid Office Depot a portion of the account owed, $6,400. 15 12-Jun Provided services on account for clients, $21,900. 16 14-Jun Paid the receptionist salary for two weeks, $1,650. 17 17-Jun Received cash from clients for services provided, $6,600. 18 18-Jun Paid cash for additional supplies, $725 19 20-Jun Provided services on account for clients, $16,800. 20 24-Jun Received cash from clients for services provided, $4,450. 21 26-Jun Received cash from clients on their accounts, $26,500 22 27-Jun Paid the receptionist salary for two weeks, $1,650. 23 29-Jun Paid the telephone bill for June, $540. 24 30-Jun Paid the utlilites bill for June, $760. 25 30-Jun Received cash from clients for services provided, $5,160. 26 30-Jun Provided services on account for clients, $2,590 27 30-Jun John Smith withdrew $18,000 for his personal use. 28 29 At the end of the month, the following adjustments were required. Insurance expired during June is $350. b. Supplies on hand on June 30th are $1,225. Depreciation on the office equipment for June is $400. d. The receptionist is owed $275 salary to be paid next week. Rent expired during June is $2,000. f. Unearned Fees on June 30th are $2,350. 8 8 8 8 ~ N 30 a. 31 32 33 c. d. 34 e. 35