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please complete all parts to this problem and explain work. i know its allot but i...

please complete all parts to this problem and explain work. i know its allot but i added wxtra pictures so it is easier.
GL2-8 Complete the steps in the measurement of external transactions Thunder Cat Services specializes in training and veterin
Check my work vienas Service Revenue Salaries Expense Advertising Expense Utilities Expense Totals 1,20 265,200 66,200 19,400
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is requir
December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journ
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is requir
Ched December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requ
Chec December December 30 Pay employee salaries for the current month, $8,200. 31 Pay dividends to stockholders, $4,200. Requ
December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requireme
December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journ
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is requir
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is requir
first account Field.) View transaction list Journal entry worksheet < 1 ... 5 6 7 8 9 10 11 12 One of Thunder Cats trainers
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is requir
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is requir
Requirement General Journal General Ledger Trial Balance Each journal entry is posted automatically to the general ledger. Ge
Equipment Debit Accounts Payable Debit Credit No. Credit No. Date December 01 Balance 82,500 Date December 01 Balance 11,000
JUAL Uwe December 27 One of Thunder Cats trainers takes a part-time job at the zoo and earns a salary of $2,400. The Thunder
GL2-8 Complete the steps in the measurement of external transactions Thunder Cat Services specializes in training and veterinary services to household pets, such as dogs, birds, lizards, fish, horses, and of course, cats. After the first 11 months of operations in 2021, Thunder Cat has the following account balances: Credits THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Cash $ 20,600 Supplies 2,700 Prepaid Rent 8.400 Equipment 82,500 Buildings 241,200 Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends 10,200 Service Revenue Salario Expense 66,200 Advertising Expense 19.400 Utilities Expense 3.500 Totals $484,700 $ 11,000 4.400 126,200 77,900 265,200 $484,700 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for canh, $28,600. (Hint: Record the 31 entire month's services in a single entry.) December 4 Purchase pot supplies on account, S4, 100. December 8 Pay for fliers to be distributed to local residences to advertise the company's services, $4,400. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $6,200. December 16 Pay Cash on accounts payable, $7,500. December 19 Purchase equipment with cash, $8,900. December 22 Pay utilities for December, $5,700. December 24 Receive cash from customers for services to be provided next January, $3,500. December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,400. The zoo and < Prey 4 of 10 !!! Next >
Check my work vienas Service Revenue Salaries Expense Advertising Expense Utilities Expense Totals 1,20 265,200 66,200 19,400 33,500 $484,700 $4B4,700 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $28,600. (Hint: Record the 31 antire month's services in a single entry.) December 4 Purchase pot supplies on account, $4, 100. December B Pay for fliers to be distributed to local residences to advertise the company's services, $4,400. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $6,200. December 16 Pay cash on accounts payable, $7,500. December 19 Purchase equipment with cash, SB, 900. December 22 Pay utilities for December, $5,700. December 24 Receive cash from customers for services to be provided next January $3.500. December 27 One of Thunder Cat's trainers takes a part-time job at the 100 and earns a salary of $2,400. The zoo and Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 12). Review the General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances. Remote General Journal >
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Requin first account field.) Book View transaction list Print Journal entry worksheet 1 2 3 4 5 6 7 8 ...... 12 > erences Throughout the month, Thunder Cat provides services to customers for cash, $28,600. (Hint: Record the entire month's services in a single entry) Note: Enter debits before credits. Account Title Debit Credit Date December 01 Record entry Clear entry View general journal
December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in first account field.) View transaction list Journal entry worksheet 3 4 5 6 7 8 ..... 12 Purchase pet supplies on account, $4,100. Note: Enter debits before credits. Account Title Debit Credit Dato December 04 Record entry Clear entry View general journal < Prex 4 of 10 II Next >
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" it first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 12 > Pay for fliers to be distributed to local residences to advertise the company's services, $4,400. Note: Enter debits before credits. Account Title Debit Credit Date December 08 Record entry Clear entry View general Journal < Prey 4 of 10 !!! Next >
Ched December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in th first account field.) View transaction list Journal entry worksheet < 1 2 3 5 6 7 8 ..... 12 Pay for supplies purchased on December 4. Note: Enter debits before credits. Account Title Debit Credit Date December 09 Record entry Clear entry View general journal < Prex 4 of 10 !! Next >
Chec December December 30 Pay employee salaries for the current month, $8,200. 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Issue additional shares of common stock for cash, $6,200. Note: Enter debits before credits. Account Title Debit Credit December 12 Record entry Clear entry View general journal < Prey 4 of 10 !!! Next >
December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 7 8 ... 12 Pay cash on accounts payable, $7,500. Note: Enter debits before credits. Account Title Debit Credit Date December 16 Record entry Clear entry View general Journal < Prey 4 of 10 !! Next >
December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 12 > Purchase equipment with cash, $8,900. Note: Enter debits before credits Date Account Title Debit Credit December 19 Record entry Clear entry View general journal < Prev 4 of 10 Next
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Pay utilities for December, $5,700. Note: Enter debits before credits. Date Account Title Debit Credit December 22 Record entry Clear entry View general Journal < Prey 4 of 10 Next >
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in first account field.) O- View transaction list Journal entry worksheet < 1 ... 5 6 7 8 9 10 11 12 > ances Receive cash from customers for services to be provided next January, $3,500. Note: Enter debits before credits Date Account Title Debit Credit December 24 Record entry Clear entry View general journal
first account Field.) View transaction list Journal entry worksheet < 1 ... 5 6 7 8 9 10 11 12 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,400. The zoo and Thunder Cat Services are separate companies. Note: Enter debits before credits. Date Account Title Dobit Credit December 27 Record entry Clear entry View general Journal < Prey 4 of 10 3 Next >
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Requi first account field.) View transaction list Journal entry worksheet 1 .... 5 6 7 8 9 10 Pay employee salaries for the current month, $8,200. Note: Enter debits before credits. Account Title Debit Credit December 30 Record entry Clear entry View general journal < Prex 4 of 10 Next >
Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet < 1 ..... 5 6 7 8 9 10 11 1 Pay dividends to stockholders, $4,200. Note: Enter debits before credits Account Title Dobit Credit Dato December 31 Record entry Clear entry View general journal
Requirement General Journal General Ledger Trial Balance Each journal entry is posted automatically to the general ledger. General Ledger Account Cash Supplies No. Debit Credit No. Debit Credit Date December 01 Balance 20,600 Date December 01 Balance 2,700 Prepaid Rent Buildings No. Debit Credit No. Debit Credit Date December 01 Balance 8.400 Date December 01 Balance 241,200 Equipment Accounts Payable No. Debit Credit No. Debit Credit Date December 01 Balance 82,500 Date December 01 Balance 11,000 Deferred Revenue Common Stock No. Debit Credit No. Debit Credit Date December 01 Balance 4,400 Date December 01 Balance 126,200 Retained Earnings Dividends No. Debit Credit No. Date Debit Credit Date December 01 Balance 77,900 Balance 10,200 Service Revenue Advertising Expenso < Prex 4 of 10 !!! Next >
Equipment Debit Accounts Payable Debit Credit No. Credit No. Date December 01 Balance 82,500 Date December 01 Balance 11,000 Deferred Revenue Common Stock Dobit Credit No. Debit Credit No. Balance Date December 01 Balance 4,400 Date December 01 126,200 Retained Earnings Dividends No. Debit Credit No. Date Debit Credit Date December 01 Balance 77,900 Balance 10,200 Service Revenue Advertising Expense No. Debit Credit Balance No. Debit Credit Date December 01 Date December 01 265,200 Balance 19,400 Salaries Expense Utilities Expense Debit Credit No. Debit Credit No. Date December 01 Balance 66,200 Date December 01 Balance 33,500 < General Journal Trial Balance >
JUAL Uwe December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $2,400. The Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $8,200. December 31 Pay dividends to stockholders, $4,200. Requirement General Journal General Ledger Trial Balance THUNDER CAT SERVICES Trial Balance December 31, 2021 Account Title Credit Debit 20,600 2,700 8,400 241,200 82,500 -Cash - Supplies - Prepaid Rent Buildings Equipment Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue - Advertising Expenso Salaries Expense Utilities Expense Total 11,000 4,400 126,200 77.900 10,200 265,200 19,400 66,200 33,500 484,700 $ 484,700 comandar
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Answer #1

JOURNAL ENTRIES

1. Thorughout the month Thundercat provides services to customer for cash for $ 28,600

Date Account Title Debit Credit
December 1 Cash 28600
Services Revenue 28600

2. Purchase Pet Supplies on account $ 4100

Date Account Title Debit Credit
December 4 Supplies 4100
Accounts Payable 4100

3. Pay for fliers to be distributed to local residencies to advertise the company's services $ 4,400

Date Account Title Debit Credit
December 8 Advertising Expenses 4400
Cash 4400

4. Pay for Supplies Purchased on December 4

Date Account Title Debit Credit
December 9 Accounts Payable 4100
Cash 4100

5. Issue Additional Shares of Common Stock for cash $ 6200

Date Account Title Debit Credit
December 12 Cash 6200
Common Stock 6200

6. Pay Cash on Accounts Payable $ 7500

Date Account Title Debit Credit
December 16 Accounts Payable 7500
Cash 7500

7. Purchase equipments with cash $ 8900

Date Account Title Debit Credit
December 19 Equipments 8900
Cash 8900

8. Pay Utilities for December $ 5700

Date Account Title Debit Credit
December 22 Utilities Expenses 5700
Cash 5700

9. Receives Cash from customers for services to be provided next Janaury $ 3500

Date Account Title Debit Credit
December 24 Cash 3500
Deferred Revenue 3500

10. One of Thuder Cat's trainers takes a part time job at the zoo and earns a salary of $ 2400. The zoon and Thuder cat services are seperate companies.

No entry required for this transaction as it is not impacting any of the item in the books of thunder cat

11. Pay employees salaries for the current month $ 8200

Date Account Title Debit Credit
December 30 Salaries Expenses 8200
Cash 8200

12. Pay dividends to stockholders $ 4,200

Date Account Title Debit Credit
December 31 Dividends 4200
Cash 4200

GENERAL LEDGER ACCOUNTS

CASH ACCOUNT

No. Date Debit Credit Balance
December 1 20600
01 December 1 28600 49200
03 December 8 4400 44800
04 December 9 4100 40700
05 December 12 6200 46900
06 December 16 7500 39400
07 December 19 8900 30500
08 December 22 5700 24800
09 December 24 3500 28300
11 December 30 8200 20100
12 December 31 4200 15900
December 31 15900

SUPPLIES ACCOUNT

No Date Debit Credit Balance
December 1 2700
02 December 4 4100 6800
December 31 6800

PREPAID RENT ACCOUNT

No Date Debit Credit Balance
December 1 8400
December 31 8400

EQUIPMENT ACCOUNT

No Date Debit Credit Balance
December 1 82500
07 December 19 8900 91400
December 31 91400

BUILDINGS ACCOUNT

No Date Debit Credit Balance
December 1 241200
December 31 241200

ACCOUNTS PAYABLE

No Date Debit Credit Balance
December 1 11000
02 December 4 4100 15100
04 December 9 4100 11000
06 December 16 7500 3500
December 31 3500

DEFERRED REVENUE

No Date Debit Credit Balance
December 1 4400
09 December 24 3500 7900
December 31 7900

COMMON STOCK

No Date Debit Credit Balance
December 1 126200
05 December 12 6200 132400
December 31 132400

RETAINED EARNINGS

No Date Debit Credit Balance
December 1 77900
December 31 77900

DIVIDENDS

No Date Debit Credit Balance
December 1 10200
12 December 31 4200 14400
December 31 14400

SERVICE REVENUE

No Date Debit Credit Balance
December 1 265200
01 December 1 28600 293800
December 31 293800

SALARIES EXPENSES

No Date Debit Credit Balance
December 1 66200
11 December 30 8200 74400
December 31 74400

ADVERTISING EXPENSES

No Date Debit Credit Balance
December 1 19400
03 December 8 4400 23800
December 31 23800

UTILITIES EXPENSES

No Date Debit Credit Balance
December 1 33,500
08 December 22 5700 39200
December 31 39200

THUDER CAT SERVICES

TRIAL BALANCE AS ON DECEMBER 31, 2021

Account Titile Debit Credit
Cash 15900
Suppies 6800
Prepaid Rent 8400
Equipment 91400
Buildings 241200
Accounts Payable 3500
Deferred Revenue 7900
Common Stock 132400
Retained Earnings 77900
Dividends 14400
Services Revenue 293800
Salaries Expenses 74400
Advertising Expenses 23800
Utilities Expenses 39200
Total 515500 515500
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