. Q Link Wireless LTE 9:19 PM @ 21% Done Comprehensive Probl... Q May 2023 2023 Summer Comprehensive Problem Target Company Post Closing Trial Balance September 30, 2023 DEBIT CREDIT Cash 24,600 Accounts Receivable 5,200 Supplies 1,750 Prepaid Rent 3,400 Prepaid Insurance 1,600 Office Equipment 12,500 Accumulated Depreciation 425 Accounts Payable 500 Salaries Payable 400 Unearned Fees 500 T. Arget, Capital 47,225 49,050 49,050 May 2023. Q Link Wireless LTE 9:19 PM @ 21% 04 Done Comprehensive Probl... Q 4 of 4 May 2023 2023 Summer Comprehensive Problem Target Company had the following transactions occur in October 2023: Oct 1 Received $9,800 cash for fees earned for jobs completed. 2 Paid September electricity bill, $675. 5 Purchased supplies on account, $3,250. 7 Paid $1,600 technician salary, including the amount owed at the end of September. 8 Billed customers for services provided on account $8,200. 9 Paid $3,500 on account. 12 Received cash from customers as an advance payment for tech support services to be provided in the future, $8,000. 14 Received cash from customers on account, $12,000. 19 Billed customers for services provided on account, $7,800 21 Paid technician salary, $1,600. 31 T. Arget withdrew $5,000 for personal use. May 2023 E.II 0 Link Wireless LTE 9:19 PM (n) 2194305]. Done Comprehensive Probl... Q Mat" 202.] 2023 Summer Comprehensive Problem Target Company: Chart of Accounts 1 1 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 21 Accounts Payable 2?. Salaries Payable 23 Unearned Fees 31 T. Arget. Capital 32 T. Arget. Drawing 41 Fees Earned 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense M31.- 2021 . Q Link Wireless LTE 9:19 PM @ 21% Done Comprehensive Probl... Q 2023 Summer Comprehensive Problem Instructions 1. The chart of accounts and the post-closing trial balance as of September 31, 2022 are given. For each account in the pos-closing trial balance, enter the balance in the appropriate Balance column of the General Ledger. Date the balances September 30, 2022, and place a check mark ( V) in the Posting Reference column. Journalize each of the October transactions in the journal provided using Target Company's chart of accounts. (Do not insert the account numbers in the journal at this time). 2. Post the journal to the ledger. (Remember to enter Post References) 3. Prepare an unadjusted trial balance. 4. At the end of October, the following adjustment data was assembled. Use the data to complete instructions ( 5 ) and ( 6 ): Supplies on hand were $1,400 Rent expired during the month $1,700 Unearned fees at the end of he month was $2,500 . Insurance expired during the month was $400 Accrued salaries payable were $320 Depreciation on equipment during the month was $425 5. Optional: Enter the unadjusted trial balance on an end-of-period spreadsheet/worksheet and complete the worksheet as you continue with the project. 6. Journalize and post adjusting entries. 7. Prepare an adjusted trial balance. 8. Create the closing journal entries and post them to the ledgers. Indicate closed accounts in the ledger by inserting a line in both of the Balance columns opposite each closing entry. 9. Prepare an Income Statement, Statement of Owner's Equity, and Balance Sheet. (Remember to use correct headings) 10. Prepare the post-closing trial balance for October 31, 2023. May 2023 2023 Summer Comprehensive Problem Target Company: Chart of Accounts