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I am suppose to fill out all 6 tabs of appendix G...

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I am suppose to fill out all 6 tabs of appendix G using the following information and instructions. Here are the instructions; a) journalize and post the July transactions. Use page J1 for the journal b)prepare a trial balance at July 31 on a worksheet c) enter the following adjsutments on the worksheet and complete the worksheet 1) Earned but unbilled fees ar July 31 were $1,300 2) Depreciation on equipment for the month was $200 3) One-twelfth of the insurance expired 4) An inventory count shows $100 of cleaning supplies n hand at July 31 5) Accrued but unpaid employee salaries were $500 d) Prepare the income statement and a retained earnings statement for July, and a classified balance sheet at July 31, 2008 e) Journalize and post the adjusting entries, Use page J2 for the journal f) Jurnalize and post the closing entries, and complete the closing process. Use page J3 for the journal g) Prepare a post-closing trial balance at July 31 Julie Molony opened Julie's Maids Cleaning Service Inc. on July 1, 2008. During July, the company competed the following transactions. July 1 Issued $14,000 of common stock for $14,000 cash. 1 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account 3 Purchased cleaning supplies for $800 on account 5 Paid $1,800 on a one year insurance policy, effective July 1 12 Billed customers $3,800 for cleaning services 18 Paid $1,000 of amount owed on truck, and $400 of amount owed on cleaning supplies 20 Paid $1,600 for employees salaries 21 Collected $1,400 from customers billed on July 12 25 Billed customers $1,500 for cleaning services 31 Paid gas and oil for the month on the truck, $400 31 Paid a $600 cash dividend The chart of accounts for Julie's Maids Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation-Equipment, No. 201 Accounts Payable, No. 212 Salaries Payable, No. 311 Common Stock, No. 320 Retained Earnings, No. 332 Dividends, No. 350 Income Summary, No. 400 Service Revenue, N. 633 Gas & oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries Expense

 

Paper#1905 | Written in 18-Jul-2015

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