PROBLEM 6-7A Megaffin's Repairs Work Sheet For Month Ended January 31, 20-- AL SALANI AONUSIMUNIS ARSID IRAL BALANE INOME STATEMENT MLANE SHLT ACCOUNT TITLE DEST CREDT DENT CHEDE DET CRED DEBT CREDT DEBT CPEDIT 1 Cash 2 Accounts Recelvable 3 Sepplies 3673 00 1450 00 70 0 00 90 0 00 3200 00 3673 00 1450 00 673 00 1450 00 300 00 230 00 400 0 670 00 3200 00 400 00 670 00 3200 0 4 Prepak Insurance 5 Delvery Equipment 6 Accum. Depr.-Dethvery Equpnent 7 Accounts Payable 8 Wages Payable 9 Don Megan, Capital 10 Dan Meguma, Drawing 55 00 55 00 1200 00 400 00 8000 00 55 00 6 1200 00 7 400 008 1200 00 400 00 8000 00 8000 009 1100 00 1100 00 1100 00 11 Repair Fees 12 Wages Expense 470000 4700 00 4700 00 11 1750 00 200 00 640 00 2150 00 200 00 640 00 300 00 5000 230 00 200 00 SS00 2150 00 200 0 640 00 300 00 00 00 12 13 Advertising Expeme 14 Rent Experse 13 14 15 Supplies Expese 300 00 15 16 Phone Expeme 50 00 50 00 16 230 00 17 irsurance Bxpense 18 Gas and ONI Expense 19 Depr. Exponse-Dowery tqupnent 20 Miscellanesus Epense 21 22 Netincorne 230 00 17 200 00 200 00 18 5500 19 E7 00 37 00 13 90 0 00 13 9o 00 37 00 985 00 14 35 5 00 14 355 00 862 00 47 00 00 10 493 00 9655 00 21 8 38 00 22 985 00 838 00 23 4700 00 470 00 10 493 00 10 4 9 3 00 23 24 24 26 27 26 27 29 30 30 Megaffin's Repairs Chart of Accounts Assets Revenues 101 Cash 401 Repair Fees 122 Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accum. Depr.–Delivery Equip. 141 Expenses 511 145 185 Wages Expense Advertising Expense Rent Expense Supplies Expense Phone Expense Insurance Expense Gas and Oil Expense Depr. Exp.-Delivery Equip. Miscellaneous Expense 512 185.1 521 523 Liabilities 525 Accounts Payable Wages Payable 202 535 219 538 541 Owner's Equity 311 549 Don Megaffin, Capital Don Megaffin, Drawing Income Summary 312 313

The following are the job cost related accounts for the law firm of Cullumber Associates and their manufacturing equivalents: Law Firm Accounts Supplies Salaries and Wages Payable Operating Overhead Service Contracts in Process Cost of Completed Service Contracts Cost data for the month of March follow. 1. 2. 3. 4. 5. 6. Manufacturing Firm Accounts Raw Materials Factory Wages Payable Manufacturing Overhead Work in Process Cost of Goods Sold Purchased supplies on account $2,400. Issued supplies $1,680 (60% direct and 40% indirect). Assigned labor costs based on time cards for the month which indicated labor costs of $89,600 (80% direct and 20% indirect). Operating overhead costs incurred for cash totaled $51,200. Operating overhead is applied at a rate of 90% of direct labor cost. Work completed totaled $96,000.

Hello, can you help me with questions 7,8, and 9 please, thanks!

Requirements Sheet in Workbook Requirement 1—Prepare the Journal Entries in the General Journal Journal Entries Requirement 2—Post Journal Entries to the General Ledger General Ledger Requirement 3—Prepare a Trial Balance Trial Balance Requirement 4—Prepare the Adjusting Entries Adjusting Entries Requirement 5—Post Adjusting Entries to the General Ledger General Ledger Requirement 6—Prepare an Adjusted Trial Balance Adjusted Trial Balance Requirement 7—Prepare the Financial Statements Financial Statements Requirement 8—Prepare the Closing Entries Closing Entries Requirement 9—Post Closing Entries to the General Ledger General Ledger Requirement 10—Prepare the Post Closing Trial Balance Post-Closing Trial Balance During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation,       completed the following transactions.                                             July 1 Began business by making a deposit in a company…