Question: The chart is all together as one, I need help with this. Please. Susan Allen opened a business called Allen Engineering and recorded the following



Susan Allen opened a business called Allen Engineering and recorded the following transactions in its first month of operations. June 1 Susan Allen, the owner, invested $132,000 cash, office equipment with a value of $13,000, and $76,000 of drafting equipment to launch the company in exchange for common stock. Dune 2 The company purchased land worth $57,000 for an office by paying $17,500 cash and signing a long-term note payable for $39,500. June 2 The company purchased a portable building with $47,000 cash and moved it onto the land acquired on June 2. June 2. The company paid $7,800 cash for the prenium on a 15-month Insurance policy. June 7 The company completed and delivered a set of plans for a client and collected $12,600 cash June 12 The company purchased $29,6ee of additional drafting equipment by paying 517,500 cash and signing a long-term note payable for $12,100. June 14 The company completed $26,100 of engineering services for a client. This amount is to be received in 30 days. Dune 15 The company purchased $1,950 of additional office equipment on credit. June 17 The company completed engineering services for $25,200 on credit. June 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,100 rent cost must be paid within 30 days. June 20 The company collected $13, 400 cash in partial payment from the client billed on June 14 June 21 The company paid $1,400 cash for wages to drafting assistant, June 23 The company paid $1,950 cash to settle the account payable created on June 15. June 24 The company paid $1,325 cash for minor maintenance of its drafting equipment. June 26 The company paid $9,000 cash in dividends June 28 The company paid $1,400 cash for wages to a drafting assistant. June 30 The company paid 33,140 cash for advertisements on the web during June Descriptions of items that require adjusting entries on June 30, follow, a) The company has completed, but not yet billed. $12.400 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2.950 salvage value, is $200 per month. C) Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $18,600 salvage value, is $1.450 per month d) Straight-line depreciation on the building, assuming a 25-year life and a $17,000 salvage value, is $100 per month e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. f) Accrued interest on the long-term note payable is $140. 9) The drafting assistant is paid $1.400 for a 5-day work week 2 days' wages have been incurred but are unpaid as of month-end Answer is not complete. General General Income St of Retained Requirement Trial Balance Journal Impact on Ledger Balance Sheet Statement Earnings Income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Show less Adjusted ALLEN ENGINEERING Balance Sheet June 30, 2022 ASSETS ASSETS Current assets: Cash Accounts receivable 49.185 51,000 0 0 Total current assets $ 100.185 Plant assets Accumulated depreciation - Office equipment (200) (200) 0 0 (200) $ LA 99,985 LIABILITIES AND EQUITY Liabilities: $ 0 0 0 0 0 0 Equity 0 0 $ 0 Susan Allen opened a business called Allen Engineering and recorded the following transactions in its first month of operations. June 1 Susan Allen, the owner, invested $132,000 cash, office equipment with a value of $13,000, and $76,000 of drafting equipment to launch the company in exchange for common stock. Dune 2 The company purchased land worth $57,000 for an office by paying $17,500 cash and signing a long-term note payable for $39,500. June 2 The company purchased a portable building with $47,000 cash and moved it onto the land acquired on June 2. June 2. The company paid $7,800 cash for the prenium on a 15-month Insurance policy. June 7 The company completed and delivered a set of plans for a client and collected $12,600 cash June 12 The company purchased $29,6ee of additional drafting equipment by paying 517,500 cash and signing a long-term note payable for $12,100. June 14 The company completed $26,100 of engineering services for a client. This amount is to be received in 30 days. Dune 15 The company purchased $1,950 of additional office equipment on credit. June 17 The company completed engineering services for $25,200 on credit. June 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,100 rent cost must be paid within 30 days. June 20 The company collected $13, 400 cash in partial payment from the client billed on June 14 June 21 The company paid $1,400 cash for wages to drafting assistant, June 23 The company paid $1,950 cash to settle the account payable created on June 15. June 24 The company paid $1,325 cash for minor maintenance of its drafting equipment. June 26 The company paid $9,000 cash in dividends June 28 The company paid $1,400 cash for wages to a drafting assistant. June 30 The company paid 33,140 cash for advertisements on the web during June Descriptions of items that require adjusting entries on June 30, follow, a) The company has completed, but not yet billed. $12.400 of engineering services for a client b) Straight-line depreciation on the office equipment, assuming a 5-year life and a $2.950 salvage value, is $200 per month. C) Straight-line depreciation on the drafting equipment, assuming a 5-year life and a $18,600 salvage value, is $1.450 per month d) Straight-line depreciation on the building, assuming a 25-year life and a $17,000 salvage value, is $100 per month e) The balance in prepaid insurance represents a 15-month policy that went into effect on June 1. f) Accrued interest on the long-term note payable is $140. 9) The drafting assistant is paid $1.400 for a 5-day work week 2 days' wages have been incurred but are unpaid as of month-end Answer is not complete. General General Income St of Retained Requirement Trial Balance Journal Impact on Ledger Balance Sheet Statement Earnings Income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Show less Adjusted ALLEN ENGINEERING Balance Sheet June 30, 2022 ASSETS ASSETS Current assets: Cash Accounts receivable 49.185 51,000 0 0 Total current assets $ 100.185 Plant assets Accumulated depreciation - Office equipment (200) (200) 0 0 (200) $ LA 99,985 LIABILITIES AND EQUITY Liabilities: $ 0 0 0 0 0 0 Equity 0 0 $ 0
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