T'Argett Company completed the following transactions during October 2024: Oct 1 T'Argett Company began operations by receiving $15,000 cash and office equipment valued at $8,000 from T. Argett. The business issued T. Argett capital to acquire these assets. Oct 1 Paid building rent for three months $4,200. Oct 2 Purchased supplies from Supplies Co. on account $700. Oct 3 Paid $1,800 for a three-month insurance policy beginning this month. Oct 4 Paid $600 for advertising expenses. Oct 7 Performed services for a client on account, $3,000. Oct 10 Paid $350 on account from October 3 supplies purchase. Oct 14 Received $4,400 cash for providing services to a customer. Oct 16 Paid $500 for supplies. Oct 18 Paid employee salary $2,100. Oct 21 Billed client for services rendered, $5,000. Oct 24 Received cash on account from customers, $3,500 Oct 25 The business received $1,800 for services to be performed next month. Oct 28 Performed services for a customer and received $2,200 cash. Oct 29 Collected cash from a customer on account, $1,400. Oct 30 Paid electricity bill and phone bill, $700 (Utilities Expense). Oct 31 T. Argett withdrew cash $2,500. Oct 31 Purchased a new computer (Office Equipment) for $1,100 paying $600 cash and the remainder on account. г 2 ue ce Rev nts Comprehensive Project Steps to complete: 1) Record each transaction in the journal using the following chart of accounts. Explanations are not required. Target: Chart of Accounts 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation-Off.Equip 21 Accounts Payable 22 Salaries Payable 23 Unearned Revenue 31 T. Argett, Capital 32 T. Argett, Drawing 33 Income Summary 41 Service Revenue 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Off. Equip 55 Insurance Expense 56 Utilities Expense 57 Advertising Expense 2) Post the transactions in the General Ledger. 3) Prepare an unadjusted trial balance as of October 31, 2024. 4) Prepare a worksheet as of October 31, 2024 (optional: worth 10 bonus points) 5) Journalized the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in step 1. Post adjusting entries to the General Ledger. Adjustment Data for October 31, 2024: a) Depreciation was recorded on total office equipment using the straight-line method. Assume a useful life of 3 years and salvage value of $1,000. (Example is on page 3-10) b) Prepaid insurance for the month has expired. (Reference Oct 3 journal entry) c) Accrued Salaries Expense: $1,890 d) Supplies on hand, $650. e) Unearned Revenue earned during the month, $300 f) Prepaid rent for the month has expired. (Reference Oct 1 journal entry) 6) Prepare an adjusted trial balance as of October 31, 2024. 7) Prepare T.Argett Company's income statement and statement of owner's equity for the month ended October 31, 2024 and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount - that is largest expense first, the smallest expense last. 8) Journalize the closing entries and post to the General Ledger. 9) Prepare a post-closing trial balance as of October 31, 2024.

Required: • LEDGER (format/answer sheet provided)

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What is the operating income and the net income?

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The following transactions occurred for Luminary Engineering: View the transactions. Journalize the transactions of Luminary Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Luminary, Capital; Luminary, Withdrawals; Service Revenue; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $15,000 contribution from Bobby Luminary, owner, in exchange for capital. Date Jul. 2 Transactions Jul. 2 Accounts and Explanation Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Debit Received $15,000 contribution from Bobby Luminary, owner, in exchange for capital. Paid utilities expense of $440. Purchased equipment on account, $2,600. Performed services for a client on account, $3,500. Borrowed $7,200 cash, signing a notes payable. Luminary withdrew $650 cash from the business. Purchased…

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10   JOURNAL ACCOUNTING EQUATION     DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1                 2                 3                 4                 5                 6                 7                 8                 9                 10                 11                 12                 13                 14                 15                 16                 17                 18                 19                 20                 21…

Personal Financial Statement Project For the Personal Financial Statement Project: 1. Record the events on the next page in the accompanying formula worksheet 2. Write out the journal entries for the events on the next page 3. Create the financial statements with the ending information from the worksheet 4. Once you have your Financial Statements completed, please make a comment or two in the online text input box about what the information is telling you Event List 1. Opened a bank account with previously earned (retained earnings) money for $100,000 2. Bought a house by paying $75,000 down in cash and taking a loan of $225,000 3. Bought a vehicle by paying $1,000 down in cash and taking a loan of $44,000 4. Worked (performed services) to clients for $80,000 cash 5. Paid for materials used (expense) in the services performed with cash for $50,000 6. Paid for repairs and utilities of the house and vehicle (just regular expenses) with cash for $8,500 7. During the year, you paid $5,000…

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workjam (ulta) - Question 2 of 10 The following data are taken from the financial statements of JB Chris, Inc. The average number of shares of common stock outstanding for the year was 5,200. The following data are in are provided: Current ratio $20,800 23,400 54,600 148,200 26,000 Net sales connect Other current liabilities Total assets Salaries and wages payable Total stockholders' equity MYOCC 21 zoom :1 $382,200 14,300 3,900 174,720 quizlet google docs 312,000 Compute the following: (Round Earnings per share to 2 decimal places, e.g. 52.51 and all other answers to 1 decimal place, e.g. 525.1.) google slides 0.25/1 =