T'Argett Company completed the following transactions during October 2024: Oct 1 T'Argett Company began operations by receiving 15,000ドル cash and office equipment valued at 8,000ドル from T. Argett. The business issued T. Argett capital to acquire these assets. Oct 1 Paid building rent for three months 4,200ドル. Oct 2 Purchased supplies from Supplies Co. on account 700ドル. Oct 3 Paid 1,800ドル for a three-month insurance policy beginning this month. Oct 4 Paid 600ドル for advertising expenses. Oct 7 Performed services for a client on account, 3,000ドル. Oct 10 Paid 350ドル on account from October 3 supplies purchase. Oct 14 Received 4,400ドル cash for providing services to a customer. Oct 16 Paid 500ドル for supplies. Oct 18 Paid employee salary 2,100ドル. Oct 21 Billed client for services rendered, 5,000ドル. Oct 24 Received cash on account from customers, 3,500ドル Oct 25 The business received 1,800ドル for services to be performed next month. Oct 28 Performed services for a customer and received 2,200ドル cash. Oct 29 Collected cash from a customer on account, 1,400ドル. Oct 30 Paid electricity bill and phone bill, 700ドル (Utilities Expense). Oct 31 T. Argett withdrew cash 2,500ドル. Oct 31 Purchased a new computer (Office Equipment) for 1,100ドル paying 600ドル cash and the remainder on account. г 2 ue ce Rev nts Comprehensive Project Steps to complete: 1) Record each transaction in the journal using the following chart of accounts. Explanations are not required. Target: Chart of Accounts 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation-Off.Equip 21 Accounts Payable 22 Salaries Payable 23 Unearned Revenue 31 T. Argett, Capital 32 T. Argett, Drawing 33 Income Summary 41 Service Revenue 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Off. Equip 55 Insurance Expense 56 Utilities Expense 57 Advertising Expense 2) Post the transactions in the General Ledger. 3) Prepare an unadjusted trial balance as of October 31, 2024. 4) Prepare a worksheet as of October 31, 2024 (optional: worth 10 bonus points) 5) Journalized the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in step 1. Post adjusting entries to the General Ledger. Adjustment Data for October 31, 2024: a) Depreciation was recorded on total office equipment using the straight-line method. Assume a useful life of 3 years and salvage value of 1,000ドル. (Example is on page 3-10) b) Prepaid insurance for the month has expired. (Reference Oct 3 journal entry) c) Accrued Salaries Expense: 1,890ドル d) Supplies on hand, 650ドル. e) Unearned Revenue earned during the month, 300ドル f) Prepaid rent for the month has expired. (Reference Oct 1 journal entry) 6) Prepare an adjusted trial balance as of October 31, 2024. 7) Prepare T.Argett Company's income statement and statement of owner's equity for the month ended October 31, 2024 and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount - that is largest expense first, the smallest expense last. 8) Journalize the closing entries and post to the General Ledger. 9) Prepare a post-closing trial balance as of October 31, 2024.

Using the information provided in RE17-16, prepare the journal entries to record Year 1s (a) construction costs, (b) partial billings, (c) cash collections, and (d) gross profit.

HD2.

H5.

Required: • LEDGER (format/answer sheet provided)

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Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), 7,280ドル; forecasted net income (cell D95), 40,200ドル; total assets (cell D105), 507,600ドル.

Instructions: Match each account from the box to the choices of proper balance POST ACTIVITY Activity Activity #5: Classification of Balance Sheet Account Instru sheet category: CASE X 1. Patents 2. Building Held for Sale 3. Prepaid Rent 4. Wages Payable 5. Note Payable in Five Years 6. Building Used in Operations 7. Fund Held to Pay Off Long Term Debt • Current Assets • Investments Property, Plant and Equipment Cash Notes • Intangible Assets Accou 8. Inventory Office 9. Prepaid Insurance 10. Depreciation Expense 11. Accounts Receivable • Current Liabilities Intere Land • Long-Term Liabilities Build 12. Interest Expense Accu • Owner's Equity 13. Unearned Revenues Equip 14. Short-Term Investments • Not Applicable ACcu 15. Accumulated Depreciation 16. Owner's Capital Accc Sala Activity #6: AcCounting Er Une

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The following transactions occurred for Luminary Engineering: View the transactions. Journalize the transactions of Luminary Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Luminary, Capital; Luminary, Withdrawals; Service Revenue; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received 15,000ドル contribution from Bobby Luminary, owner, in exchange for capital. Date Jul. 2 Transactions Jul. 2 Accounts and Explanation Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Debit Received 15,000ドル contribution from Bobby Luminary, owner, in exchange for capital. Paid utilities expense of 440ドル. Purchased equipment on account, 2,600ドル. Performed services for a client on account, 3,500ドル. Borrowed 7,200ドル cash, signing a notes payable. Luminary withdrew 650ドル cash from the business. Purchased...

Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file Use the following accounts as appropriate: Cash. Land. Notes Payable. Depreciation Expense. Accounts Receivable. Accumulated Depreciation. Common Stock. Salaries Expense. Supplies. Accounts Payable. Retained Earnings. Supplies Expense. Prepaid Insurance. Deferred Revenue. Dividends. Rent Expense. Equipment. Salaries Payable. Service Revenue. Insurance Expense 1-Dec: Issue common stock in exchange for cash of 6,000ドル. 1-Dec: Paid the premium in advance on a one-year insurance policy, 480ドル. 1-Dec: Purchased Equipment for 3,600ドル cash. 5-Dec: Purchased office supplies from XYZ Company on account, 400ドル. 15-Dec: Provided services to customers for 5,400ドル cash. 16-Dec: Provided services to customer ABC Inc. on account, 2,500ドル. 17-Dec: Received 800ドル cash in advance from a customer for services to be provided in January. 22-Dec: Paid 220ドル to XYZ company for the Dec 5 purchase on...

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workjam (ulta) - Question 2 of 10 The following data are taken from the financial statements of JB Chris, Inc. The average number of shares of common stock outstanding for the year was 5,200. The following data are in are provided: Current ratio 20,800ドル 23,400 54,600 148,200 26,000 Net sales connect Other current liabilities Total assets Salaries and wages payable Total stockholders' equity MYOCC 21 zoom :1 382,200ドル 14,300 3,900 174,720 quizlet google docs 312,000 Compute the following: (Round Earnings per share to 2 decimal places, e.g. 52.51 and all other answers to 1 decimal place, e.g. 525.1.) google slides 0.25/1 =