Open T accounts and post the journal entries to the general ledger. N(Post entries in the order of journal entries presented in the previous part Select the date for closing balances even in case of zero balance. If ending balance is 0, enter 0 on the normal sicde for the account)     June 1 Samantha Miller opened Miller Real Estate Agency with an investment of $13,220 cash and $2,850 of equipment. 2 Paid $1,260 for a one-year insurance policy. 3 Purchased additional equipment for $4,520, paying $760 cash and signing a note payable for the balance. 10 Received $355 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Wilson. The cormmission due from Wilson is $7,330. {It is not paid by Wilson at this time.) 27 Paid $750 for advertising to run during June. 29 Received an $80 bill for telephone service during the month of June. (The bill is paid in July) 30 Paid an administrative assistant $2,390 in salary for June. 30 Received $7,330 cash from B. Wilson for the June 16 transaction.

Journalize the following transactions: i. December 7. Wrote off Wilderness Park Accessories, Inc.'s past-due account as uncollectible. $247.60. M203. ii. iii. December 17. Received cash in full payment of Wilderness Park Accessories, Inc.'s account, previously written as uncollectible, $247.60. M215 and R461. December 23. Wrote off Bart's Landscaping's past-due account as uncollectible, $829.35. M229.

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…

A. March 1, paid interest due on note, $2,900 B. December 31, interest accrued on note payable, $4,350 Prepare journal entries to record the above transactions. If an amount box does not require an entry, leave it blank. Mar.1               Dec. 31               Create a T-account for Interest Payable, post any entries that affect the account, and tally the ending balance for the account (assume Interest Payable beginning balance of $2,900).   Interest Payable         Beginning Balance               Balance

Use the following question to answer a question that follows. Lorato and Loago’s Trial Balance as at 31 December 2001   Dr Cr Capital accounts: Lorato   100000 Loago   50000 Current accounts: Lorato   200 Loago 600   Cash drawings for the year: Lorato 15000   Loago 10000   Freehold premises at cost 50000   Inventory at 1 January 2021 75000   Fixtures and Fittings at cost 15000   Purchases and purchase returns 380000 12000 Bank 31600   Sales and sales Returns 6000 508000 Accounts receivables and accounts payables 52400 33300 Carriage inwards 21500   Carriage outwards 3000   Staff salaries 42000   VAT   8700 Office expenses 7500   Provision for doubtful debts 2000   Advertising 5000   Discounts received   1000 Discounts Allowed 1200   Bad debts 1400   Rent and business rates 2800   Accumulated provision for depreciation offixtures and fittings   3000   720000 720000 At 31 December 2021:a. Inventory on hand was valued at P68, 000b.…

Entries into The simplest form of an account.T Accounts and A summary listing of the titles and balances of accounts in the ledger.Trial Balance Connie Young, an architect, opened an office on October 1, 2019. During the month, she completed the following transactions connected with her professional practice: Transferred cash from a personal bank An accounting form that is used to record the increases and decreases in each financial statement item.account to an account to be used for the business, $60,400. Paid October rent for office and workroom, $6,000. Purchased used automobile for $39,000, paying $9,100 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $12,100. Paid cash for supplies, $2,900. Paid cash for annual insurance policies, $4,000. Received cash from client for plans delivered, $15,100. Paid cash for miscellaneous expenses, $1,630. Paid cash to creditors on account, $3,500. Paid $480 on note payable. Received invoice…

Joan Jenkins had a beginning balance of $1000 on her credit card as of October 1 last month. On October 11 she charged a dress for $144. On October 21 she made a payment of $300 (this payment was recorded that same day). What was her average daily balance for the month? Group of answer choices     A.$1000 b.$1144 c.$991 d.$796

Record the following transactions for the Scott Company: Transactions: Nov. 4 Received a $6,500, 90-day, 6% note from Tim’s Co. in payment of the account. Dec. 31 Accrued interest on the Tim’s Co. note. Feb. 2 Received the amount due from Tim’s Co. on the note.   Required:   Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. Assume a 360-day year when calculating interest. CHART OF ACCOUNTS Scott Company General Ledger   ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable-Batson Co. 122 Accounts Receivable-Bynum Co. 123 Accounts Receivable-Calahan Inc. 124 Accounts Receivable-Dodger Co. 125 Accounts Receivable-Fronk Co. 126 Accounts Receivable-Miracle Chemical 127 Accounts Receivable-Solo Co. 128 Accounts Receivable-Tim’s Co. 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable-Tim’s Co. 141…

Jim commenced business as a sole trader under the name of ‘JimTag’, and he has provided the following accounts and their closing balances for the year ended 31st December 2020:   Jim Tag Unadjusted Trial Balance as at 31 December 2020 Accounts $   $ Capital: JimTag as at 1 January, 2020             98,900    Drawings       21,700       Sales      260,700 PAYG Withheld        23,200 Cost of Goods Sold 128,700      Cash at Bank        22,400   Accounts Receivable        14,150   GST Collected        25,500 Sales commissions expense         6,560   Staff salaries expense       64,500   Accounting fees         2,300   Advertising expense         7,970   Inventory as at 31 December, 2020       40,250   Computer Equipment at cost       36,000   Shop Fittings at cost       70,000   Accumulated Depreciation: Computer Equipment                5,400 Accumulated Depreciation: Shop Fittings       18,000 Accounts Payable       18,900 Long-term Bank…

Can you help me create a trial balance and balance sheet please for the following information