ting System Project

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December $23$ Receives $$1,800$ cash in advance of providing a $4-$week training service to a customer.

December $29$ Pays $$1,350$ cash as a partial payment toward the accounts payable of Dec. $20.$

December $30$ Withdrawal of $$550$ cash by the owner for personal use.

Information for month$-$end adjustments follows:

December $31$ One month of the $12-$month, $$4,200$ insurance policy is expired by December $31.$ This leaves $$3,850$ not yet expired.

December $31$ A physical count of supplies on December $31$ shows that only $$1,250$ of supplies remain of the $$2,100$ supplies purchased.

December $31$ The $$7,200$ of equipment purchased at the beginning of December has a useful life of $5$ years and will be worth nothing at the end of $5$ years $(60$ months$).$ The business uses straight$-$line depreciation to allocate the $$7,200$ net cost over $60$ mo$$ths$.$ On December $31,1$ month of depreciation must be recorded.

December $31$ The business agreed on December $23$ to provide a $4-$week training service to a customer for a fixed fee of $$1,800$ paid in advance. By December $31,$ the business has provided $1$ of the $4$ weeks of services and earned one$-$fourth of the fee. No revenue is yet recorded.

December $31$ On December $31,$ wages of $$650$ are owed to a part$-$time employee for work done over the past $3$ weeks. Those wages are not yet paid or recorded.

December $31$ The business agreed to provide $6$ weeks of training services to a customer for a fee of $$4,500,$ or $$750$ per week. The customer agrees to pay the full $$4,500$ at the end of $6$ weeks when services are complete. By December $31,2$ weeks of services have been provided, but the business has not yet billed the customer or recorded the $2$ weeks of services provided.

$\backslash$table$[[$Requirement$.,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$St Owners$],[$Equity$]],$Balance Sheet$]]$

You may view either the unadjusted, adjusted, or post$-$closing trial balance by choosing from the drop$-$down box below. Your choice will determine the reported values on the financial statement tabs$.$

Unadjusted