The Complete Accounting Cycle Two Months

P$10.$ On June $1,20$XX$,$ Bob Lutz opened Sole Proprietorship, Lutz Computer Repair Service. During the month, he completed the following transactions for the Gefleany: Began business by depositing $\backslash$$$20,000$ in a bank account in the name of company.

$1$ Paid the rent for the store for current month, SI$,700.$

$1$ Paid the premium on a one$-$year insurance policy, S$1,920.$

$2$ Purchased repair equipment from Bilbao Company, S$16,800.$ Terms w $\backslash (\backslash$$ $2,400\backslash )$ down and $\backslash (\backslash$$ $1,200\backslash )$ per month for one year. First payment is d June $1.$

$5$ Purchased repair supplies from Rusin Company on credit, S$1,872.$

$8$ Paid cash for an advertisement in a local newspaper, S$240.$

$15$ Received cash repair revenue for the first half of the month, $\backslash ($ S $1,600\backslash ).$

$21$ Paid Rusin Company on account, $\backslash (\backslash$$ $900\backslash ).$

$30$ Received cash repair revenue for the last half of May, S$3,900.$

$30$ Made a withdrawal, $\backslash$$$1,200.$

REQUIRED FOR JUNE

$1.$ Record the June transactions. Include the Post. Ref.column and fill in using the account numbers listed in requirement $2.$

$2.$ Open the following accounts: Cash $(111)$; Prepaid Insurance $(117)$; Repair Sup$-$plies $(119)$; Repair Equipment $(144)$; Accumulated Depreciation$-$Repair Equip$-$ment $(145)$; Accounts Payable $(212)$; B$.$ Lutz, Capital $(311)$; B$.$ Lutz, Withdrawals $(313)$; Income Summary $(314)$; Repair Revenue $(411)$; Store Rent

REQUIRED FOR JUNE

Record the June transactions. Include the Post. Ref. column and fill in using

the account numbers listed in requirement $2.$

Open the following accounts: Cash $(111)$; Prepaid Insurance $(117)$; Repair

Sup$-$plics $(119)$; Repair Equipment $(144)$; Accumulated Depreciation$-$Repair

Equip$-$ment $(145)$; Accounts Payable $(212)$; B$.$ Lutz, Capital $(3$l$1)$; B$.$ Lutz,

Withdrawals $(313)$; Income Summary $(314)$; Repair Revenue $(411)$; Store Rent

Expense $(511)$; Advertising Expense $(512)$; Insurance Expense $(513)$; Repair

Supplies Expense $(514)$; and Depreciation Expense$-$Repair Equipment $(515).$

Using the following information, record adjusting entries in the general journal and

post to the ledger accounts:

d$.$ One month's insurance has expired.

e$.$ The remaining inventory of unused repair supplies is S$676.$

f$.$ The estimated depreciation on repair equipment is S$280.$

$1.,3.,$ and $6.$

$4.$

Select the accounts in the order of Assets, Laibilities, Owner's Equity, Revenues, and Expenses.

Template

$5.$

$7.$

Select the accounts in the order of Assets, Laibilities, Owner's Equity, Revenues, and Expenses.

Lutz's Repair Service Post$-$Closing Trial Balance

$($i need help with the closing entries, the adjusted trial balance, balance sheet, and post$-$closing trial balance on the excel$)$