On 31 December, 2021, a customer has bought a 2-day pass for using the spa facilities on 31 December, 2021 and January 1, 2022 for $2,000. The total amount for the 2-day pass will be paid by the customer when departing on January 1, 2022. Prepare the necessary adjusting journal entries on 31 December 2021 to bring the financial records of Relax Spa Company up-to-date. Use the account titles given in the Trial Balance or create new accounts where appropriate. Show your workings. Explanations are NOT required. If no adjusting entries are required, state “No entry” and name the accounting principle applied.

In November, Year 2, your accounting firm placed a one-time website advertisement with Today's CPA.  This is your first ad with this vendor.  You pay for the one-time advertising with your company's Citibank Visa credit card.   Below is the transaction you completed for this purchase.  If you run the report Transaction List by Vendor, for all dates, what dollar amount will appear under the vendor Today's CPA?   Why? Teacher Feedback:  was the expense form completed properly?

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…

Complete the General Ledger based on the recorded journal entries.  Remember to: write the date, explanation, and fill out the value in the corresponding DR or CR column. Your explanation should only contain the other account names as per your journal entries, separated by a "/" where necessary.

Prepare a trial balance at October 31, 2025. MONTY REAL ESTATE AGENCY Trial Balance A $ Debit $ $ Credit

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 each transaction including explanations. 2. The accounts listed in the trial​ balance, together with their balances as of   March 31,2024​, have been opened for you in​ T-account form. Post the journal entries to the ledger​ (use T-account​ format). 3. Prepare the trial balance of Harper Service Center as of April 30​, 2024.   More info Apr. 2 Borrowed $45,000 from the bank and signed a note payable in the name of the business. Apr. 4 Paid cash of $40,000 to acquire land. Apr. 9 Performed services for a customer and received cash of $5,000. Apr. 13 Purchased office supplies on account, $300. Apr. 15 Performed services for a customer on account, $2,600. Apr. 18 Paid $1,200 on account. Apr. 21 Paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. Apr. 25 Received $3,100 from a customer on account. Apr. 27 Received a $200 utility bill that will be paid next month. Apr. 29 Received $1,500 for services to be…

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.

Prepare the following The Statement of Owner’s Equity for the Month The Balance sheet for Shop Write as at March 31, 2019