The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances:...
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The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances: Credits Debits $ 10,000 Accounts Cash Accounts Receivable. Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals 1. March 12 2. May 2 3. June 30 6,000 2,000 20,000 The following is a summary of the transactions for the year: 4. August 1 5. September 25 6. October 19 7. December 30 $ 38,000 $ 7,000 9,500 15,000 6,500 $ 38,000 Provide services to customers, $40,000, of which $19,000 is on account. Collect on accounts receivable, $16,000. Issue shares of common stock in exchange for $6,000 cash.. Pay salaries of $9,500 from 2023 (prior year). Pay repairs and maintenance expenses, $11,000. Purchase equipment for $6,000 cash. Pay $1,200 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,000. Office supplies remaining hand at the end of the year equal $1,000. es Current Assets: Assets Total Current Assets Long-term Assets: Total Assets Black Cloud Cleaners Balance Sheet December 31, 2024 $ 0 Current Liabilities: Liabilities Total Current Liabilities Stockholders' Equity 0 0 Total Stockholders' Equity. 0 Total Liabilities and Stockholders' Equity $ 0 0 0 0 0 0 0 es Post-closing Revenues: Black Cloud Cleaners Income Statement For the Year Ended December 31, 2024 Total Revenues Expenses: Total Expenses $ 599 0 0 0 es Unadjusted No. No. No. No. Date January 01 Date January 01 Date January 01 Cash Date January 011 Debit Supplies Debit Credit Accumulated Depreciation Debit Credit Credit Common Stock Debit Credit General Ledger Account Balance 10,000 Balance 2,000 Balance 7,000 Balance. 15,000 No. No. No. No. Date January 011 Date January 01 Date January 01 Date January 01 Accounts Receivable Debit Equipment Debit Credit Credit Salaries Payable Debit Credit Retained Earnings Debit Credit Balance 6,000 Balance 20,000 Balance 9,500 Balance 6,500 Journal entry worksheet < 1 2 Date March 12 3 Note: Enter debits before credits. Record entry 4 5 6 7 8 Record the services provided to customers, $40,000, of which $19,000 is on account. General Journal ***** Clear entry 13 Debit Credit View general journal The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances: Credits Debits $ 10,000 Accounts Cash Accounts Receivable. Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals 1. March 12 2. May 2 3. June 30 6,000 2,000 20,000 The following is a summary of the transactions for the year: 4. August 1 5. September 25 6. October 19 7. December 30 $ 38,000 $ 7,000 9,500 15,000 6,500 $ 38,000 Provide services to customers, $40,000, of which $19,000 is on account. Collect on accounts receivable, $16,000. Issue shares of common stock in exchange for $6,000 cash.. Pay salaries of $9,500 from 2023 (prior year). Pay repairs and maintenance expenses, $11,000. Purchase equipment for $6,000 cash. Pay $1,200 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,000. Office supplies remaining hand at the end of the year equal $1,000. es Current Assets: Assets Total Current Assets Long-term Assets: Total Assets Black Cloud Cleaners Balance Sheet December 31, 2024 $ 0 Current Liabilities: Liabilities Total Current Liabilities Stockholders' Equity 0 0 Total Stockholders' Equity. 0 Total Liabilities and Stockholders' Equity $ 0 0 0 0 0 0 0 es Post-closing Revenues: Black Cloud Cleaners Income Statement For the Year Ended December 31, 2024 Total Revenues Expenses: Total Expenses $ 599 0 0 0 es Unadjusted No. No. No. No. Date January 01 Date January 01 Date January 01 Cash Date January 011 Debit Supplies Debit Credit Accumulated Depreciation Debit Credit Credit Common Stock Debit Credit General Ledger Account Balance 10,000 Balance 2,000 Balance 7,000 Balance. 15,000 No. No. No. No. Date January 011 Date January 01 Date January 01 Date January 01 Accounts Receivable Debit Equipment Debit Credit Credit Salaries Payable Debit Credit Retained Earnings Debit Credit Balance 6,000 Balance 20,000 Balance 9,500 Balance 6,500 Journal entry worksheet < 1 2 Date March 12 3 Note: Enter debits before credits. Record entry 4 5 6 7 8 Record the services provided to customers, $40,000, of which $19,000 is on account. General Journal ***** Clear entry 13 Debit Credit View general journal
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