
| Journal entries: | |||||||
| S.no. | Date | Accounts title and explanations | Debit $ | Credit $ | |||
| a. | 12.03. | Cash account | 25500 | ||||
| Accounts receivable | 19500 | ||||||
| Service revenue | 45000 | ||||||
| (for service performed) | |||||||
| b. | 02.05. | Cash account | 16500 | ||||
| Accounts receivable | 16500 | ||||||
| (for cash received on accounts receivable) | |||||||
| c. | 30.06. | Cash account | 5000 | ||||
| Common Stock capital | 5000 | ||||||
| (for stock issued) | |||||||
| d. | 01.08. | Salaries payable | 8500 | ||||
| Salaries expenses | 16000 | ||||||
| Cash account | 24500 | ||||||
| (for cash paid for salaries) | |||||||
| e. | 25.09. | Repairs and maintenance expenses | 11500 | ||||
| Cash account | 11500 | ||||||
| (for repairs charges paid) | |||||||
| f. | 19.10. | Equipment Account | 6500 | ||||
| Cash account | 6500 | ||||||
| (for equipment purchased for cash) | |||||||
| g. | 30.12. | Dividend account | 1000 | ||||
| Cash account | 1000 | ||||||
| (for dividend paid) | |||||||
| h. | 31.12. | Salaries expenses | 1000 | ||||
| Salaries payable | 1000 | ||||||
| (for salaries accrued) | |||||||
| 31.12. | Depreciation expenses | 3500 | |||||
| Accumulated depreciation | 3500 | ||||||
| (for depreciation charged) | |||||||
| 31.12. | Supplies expense Account | 1300 | |||||
| Supplies (2500-1200) | 1300 | ||||||
| (for supplies consumed) | |||||||
My answer is partially incorrect and is also missing information. Please help Problem 3-8A Part 2...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits Асcounts $12,500 6,500 2,500 17,500 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings 6,000 8,500 17,500 7,000 $39,000 $39,000 Totals The following is a summary of the transactions for the year: 1. March 2. Мay 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. Оctober 7. December 12 Provide services...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits Асcounts $12,500 6,500 2,500 17,500 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings 6,000 8,500 17,500 7,000 $39,000 $39,000 Totals The following is a summary of the transactions for the year: 1. March 2. Мay 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. Оctober 7. December 12 Provide services...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
value: 3.75 points Problem 3-8A Part 7 7. Prepare an adjusted trial balance. RED STORM CLEANERS Adjusted Trial Balance December 31, 2018 ccounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Repairs and maintenance expense Depreciation expense Supplies expense Debit Credit Totals 0 The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Debits Credits $12,500 Cash Accounts Recelvable Supplies 6,500 2,500 Accumulated Depreciation...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits Асcounts $12,500 6,500 2,500 17,500 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings 6,000 8,500 17,500 7,000 $39,000 $39,000 Totals The following is a summary of the transactions for the year: 1. March 2. Мay 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. Оctober 7. December 12 Provide services...
4. Prepare an unadjusted trial balance. RED STORM CLEANERS Unadjusted Trial Balance December 31, 2018 Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Repairs and maintenance expense Depreciation expense Supplies expense Debit Credit Totals 0 Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) IThe following information applies to the questions d'isplayed bewow. The general ledger of Red Storm Cleaners at January 1, 2018, includes the...