Record the following transactions to the journal and post it to the T-accounts. Make a footing...

 

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Record the following transactions to the journal and post it to the T-accounts. Make a footing and get the ending balance of each account. Prepare your trial balance in the worksheet template. December 2021 2 Paid wages from last month $1,500. 4 additional investment of $5,000 from S. Joe's savings account. 10 Collected $1,500 from fees earned previously. 15 Billed client for services rendered, $1,500 20 Paid wages expense $ 1,800. 23 Received telephone bill to be paid later, $150 25 Provided cleaning services in cash $1,000. 26 Purchase cleaning supplies on account $ 1,200. 27 Payment of accounts payable $1,000. 28 Paid gasoline $500. B.) Record the following in the adjustment journal template then post it to the T-accounts. additional information for adjustments for December 31, 2021. a. Unexpired prepaid rent is $750. b. The annual prepaid insurance was paid Nov. 1 $2,500. Record the expired portion. c. Cleaning supplies on hand, $3,200. d. Depreciation expense office equipment, $110. e. Cleaning Equipment original cost $12,000 with a residual value $800, useful life is 5 years. Record the annual depreciation expense. f. Record the vehicle depreciation expense $300. g. Accrued wages $ 950. C.) Prepare your financial Statements (IS/OE/BS) D.) Perform the closing process E.) Prepare post-closing trial balance. Record the following transactions to the journal and post it to the T-accounts. Make a footing and get the ending balance of each account. Prepare your trial balance in the worksheet template. December 2021 2 Paid wages from last month $1,500. 4 additional investment of $5,000 from S. Joe's savings account. 10 Collected $1,500 from fees earned previously. 15 Billed client for services rendered, $1,500 20 Paid wages expense $ 1,800. 23 Received telephone bill to be paid later, $150 25 Provided cleaning services in cash $1,000. 26 Purchase cleaning supplies on account $ 1,200. 27 Payment of accounts payable $1,000. 28 Paid gasoline $500. B.) Record the following in the adjustment journal template then post it to the T-accounts. additional information for adjustments for December 31, 2021. a. Unexpired prepaid rent is $750. b. The annual prepaid insurance was paid Nov. 1 $2,500. Record the expired portion. c. Cleaning supplies on hand, $3,200. d. Depreciation expense office equipment, $110. e. Cleaning Equipment original cost $12,000 with a residual value $800, useful life is 5 years. Record the annual depreciation expense. f. Record the vehicle depreciation expense $300. g. Accrued wages $ 950. C.) Prepare your financial Statements (IS/OE/BS) D.) Perform the closing process E.) Prepare post-closing trial balance.

Answer rating: 100% (QA)

A Date Particulars Amount Amount Dec 2 Wages account Cash account 1500 1500 Dec 4 Cash Joe capital 5000 5000 Dec 10 Cash account Fee earned 1500 1500 Dec 15 Account receivable Service account 1500 150... View the full answer