ENV100H1 Lecture Notes - Lecture 12: Microsoft Onenote
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14 Dec 2018
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Prepare journal entries to record the June transactions inthe General Journal below. | |||||||
General Journal | |||||||
Date | Description(Account Name) | Debit | Credit | ||||
1-Jun | Cash | $10,000 | |||||
Accounts Receivable | $1,500 | ||||||
Supplies | $1,250 | ||||||
Office Equipement | $7,500 | ||||||
DustinLarkin, Capital | $20,250 | ||||||
1-Jun | Pre-Paid Rent | $4,500 | |||||
Cash | $4,500 | ||||||
2-Jun | Prepaid Insurance | $1,800 | |||||
Cash | $1,800 | ||||||
4-Jun | Cash | $3,000 | |||||
Unearned Fees | $3,000 | ||||||
5-Jun | Office Equipment | $1,800 | |||||
AccountsPayable | $1,800 | ||||||
6-Jun | Cash | $800 | |||||
AccountsReceivable | $800 | ||||||
10-Jun | Miscellaneous Expense | $120 | |||||
Cash | $120 | ||||||
12-Jun | Accounts Payable | $800 | |||||
Cash | $800 | ||||||
12-Jun | Accounts Receivable | $2,250 | |||||
Fees Earned | $2,250 | ||||||
14-Jun | Salary Expense | $400 | |||||
Cash | $400 | ||||||
17-Jun | Cash | $3,175 | |||||
Fees Earned | $3,175 | ||||||
18-Jun | Supplies | $750 | |||||
Cash | $750 | ||||||
20-Jun | Accounts Receivable | $1,100 | |||||
Fees Earned | $1,100 | ||||||
24-Jun | Cash | $1,850 | |||||
Fees Earned | $1,850 | ||||||
26-Jun | Cash | $1,600 | |||||
Accounts Receivable | $1,600 | ||||||
27-Jun | Salaries expenses | $400 | |||||
Cash | $400 | ||||||
29-Jun | Miscellaneous expenses | $130 | |||||
Cash | $130 | ||||||
30-Jun | Miscellaneous expenses | $200 | |||||
Cash | $200 | ||||||
30-Jun | Cash | $2,050 | |||||
Fees earned | $2,050 | ||||||
30-Jun | AccountsReceivable | $1,000 | |||||
FeesEarned | $1,000 | ||||||
30-Jun | Dustin Larkin, Drawings | $4,500 | |||||
Cash | $4,500 | ||||||
$52,475 | $52,475 | ||||||
Note: Remember that Debits must equal Credits -All of your Journal Entries should balance. Need help with problems below: 1.Please prepare the adjusting entries A-F a. Insurance expired during Junes is $150 b.Supplies on hand on June 30 are $1,020 c. Depreciation of office equipment for June is $500 d. Accrued receptionist salart on June 30 is $120 e. Rent expired during June is $1,500 f. Unearned fees on June 30 are $2,000 2. Prepare an income statement, a statment of owners equity , and abalance sheet 3. Journalize and post the adjusting entries 4. Journalize and post the closing entries. (income summary isaccount #33 in the chart of accounts) 5. Prepare a post-closing trial balance PLEASE GIVE ANSWER TO #"S 3, 4 and 5. |