Chart of Accounts Cash Accounts Receivable Supplies Inventory Prepaid Insurance Prepaid Rent Office Equipment Accounts Payable Notes Payable in. Unearned Revenue Common Stock Retained Earnings Dividends Fees Earned Sales Accumulated Depreciation Insurance Expense Cost of Goods Sold Depreciation Expense Rent Expense Supplies Expense Utility Expense Wages Expense M4 Engineering began operations in January of 2020. M4 Engineering provides structural engineering services to local these parks. Listed below are some transaction from the first quarter of 2020. Prepare the Journal Entries, update T-accounts, and prepare the TB. A. On January 1, the owners deposited $200,000 into the business bank account in exchange for Common Stock. B. On January 2, M4 Engineering signed a 1-year lease for an office building in Long Beach. The owner required the rent for the year be paid in advance. M4 Engineering gave the landlord a check for $30,000. C. On January 5, M4 Engineering signed a $75,000 contract to provide engineering services beginning on April 1. D. On January 31, M4 Engineering bought $7,500 of office supplies on account. E. On February 10, M4 Engineering paid the utility bills of $300. F. On February 15, M4 Engineering bought computers and other Office Equipment on account for $20,000. G. On February 28, M4 Engineering received $50,000 advance payment for work that will begin on April 1. On March 31, the CFO reviewed M4 Engineering's books and noted the following below. Prepare the AJES (Adjusting Journal Entries), update the T-accounts, prepare the AdjTB (Adjusted Trial Balance) and Financial Statements. H. Employees were owed $12,000 for hours work in March. L Only $1,200 of supplies were still on hand. J. Three months of rent had expired (been used). K. The March 31 utility bill had not been received. The CFO expects that $320 of utility services were used. L $25,000 of the engineering work related to transactions (C) and (G) have been completed. On March 31, the CFO reviewed M4 Engineering's books and noted the following below. Prepare the AJES (Adjusting Journal Entries), update the T-accounts, prepare the Ad/TB (Adjusted Trial Balance) and Financial Statements.

please answer all or leave please answer correct and complete with steps and all work thanks

The first project for the semester will involve the following items to turn in: 1) Journal entries for financial transactions I will provide you. 2) An adjusted trial balance. 3) An Income statement.     1) On December 1 of 2019 Harold Hammer deposited $ 15,100 in a bank account in the name of Huaning Corporation in exchange for shares of common stock in the corporation. 2) On December 1 of 2019 Huaning Corporation purchased supplies on account for $ 226 . 3) On December 4 of 2019 Huaning Corporation received cash of $ 384 for product sold to the customer. 4) On December 5 of 2019 Huaning Corporation paid the vendor for the December 1st purchase of supplies. 5) On December 6 of 2019 Huaning Corporation purchases supplies on account for $ 469 .6) On December 8 of 2019 Huaning Corporation sells product for $ 445 on account to a customer.7) On December 9 of 2019 Huaning Corporation sells product for $ 462 on account to a customer. 8) On December 10 of 2019 Huaning Corporation paid, in…

College Spirit sells sportswear with logos of major universities. At the end of 2019, the followingbalance sheet account balances were available.Accounts payable $104,700Accounts receivable 6,700Accumulated depreciation 23,700Bonds payable 180,000Cash 13,300Common stock 300,000Furniture 88,000Income taxes payable $ 11,400Inventory 481,400Long-term investment 110,900Note payable, short-term 50,000Prepaid rent (current) 54,000Retained earnings, 12/31/2019 84,500Required:1. Prepare a classified balance sheet for College Spirit at December 31, 2019.2. Compute College Spirit’s working capital and current ratio at December 31, 2019.3. CONCEPTUAL CONNECTION Comment on College Spirit’s liquidity as of December 31,2019.

First using cash accounting, and then accrual accounting, discuss what the balances of each account will be on May 31, 2019 at Hippie Hospital for the financial period below, taking into consideration the transactions listed.  Then, discuss why/how you arrived at your answer for each ending account balance. Beginning account balances for May 2019:   Assets = $1,400,000   Liabilities = $500,000   Net Assets = $890,900   Revenue = $25,000   Expenses = $15,900 Transaction #1 (May 4, 2019) - the hospital signed a purchase order for a $2,500 supply purchase, which will be delivered/completed in mid-June. Transaction #2 (May 15, 2019) - the hospital provided $15,000 in patient care services and billed patients' insurance plans. Transaction #3 (May 25, 2019) - the hospital took out a loan for $4,000 to meet future, unexpected payroll obligations.

Requirements 1. Journalize the transactions in the Johnson Pharmacies general journal. Round to the nearest dollar. Explanations required. 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1, 2019 after all the journal entries are recorded.

You are provided with the following information form the accounts of BBS Ltd for the year ending 30 June 2019Cash Sales950 000Cost of Goods Sold35 000Amount received in advance for services to be performed in August 20199 500Rent expenses for year ended 30 June 20199 000Rent Prepaid for two months to 31 August 20191 200Doubtful debts expenses1 200Amount provided in 2019 for employees’ long-service leave entitlements5 000Goodwill impairment expenses7 000Required:Calculate the taxable profit and accounting profit for the year ending 30 June 2019. my confusion : not sure if LSL will be 50%of or not?