Annabug Designs, Inc designs personalized Ladybug motif bumperstickers. Beseed upon the following fact pattern complete the entire accounting cycle for the month of December, 2000x 1 Record the following entries for the month of December in the General Journal (Gl) pages 11 and 12 Dec 1 Invested $28,800 cash in exhange for Common Stock 1 Paid cash $28,800 for 12 month insurance policy that money could buy 2 Purchased office equipment for $85,400 on account 10 Billed dient $2400 for design work 20 Purchased supplies worth $2400 on account 22 Received $2400 cash from customer for future work 29 Paid cash to creditors 52400

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Identify the 3 issues with this General Journal

EXERCISE (All exercise would be saved in one record)   Journalize the following transactions for the month of February 1: Sold merchandise on account for $10,000 (other income, other receivable,); Cost of Goods Sold $3,000 (Inventory, Cost of Sale) Received the utilities bill for $250.00 (accrued expense, utilities expense) Salaries for the week are $3,300 (salaries expense, wages payable) Received an invoice of $100 for advertising.   Create a new customer (use your own information), Term 3%, n/15, credit limit $1,000. Prepare the Customer List Report only for your account, include a column for term conditions and credit limits. (February 5)   Prepare a sales order (15 units of any product). In the Sales Order Register include a column with the name of the vendor. (February 7)   The invoice from the sales order above was delivered completely (February 9)   (Prepare an Invoice Register)   Prepare an Income Statement (February 28)   Prepare a Balance Sheet (February 28)…

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Current Attempt in Progress Presented below is information related to Sheridan Company for its first month of operations. Jan. 06 Jan. 10 Jan. 23 Balance of Credit Purchases Gorst Company Tian Company Accounts Payable $9,000 11,800 Maddox Company 12,300 $ Gorst Company Jan. 11 Determine the balances that appear in the accounts payable subsidiary ledger. What Accounts Payable balance appears in the general ledger at the end of January? $ Jan. 16 Jan. 29 Cash Paid Gorst Company Tian Company Maddox Company Subsidary Ledger Tian Company 69 $6,800 11,800 7,400 $ Maddox Company $ General Ledge