Đang Thực Hiện

Accounting Homework

I have this assignment that I would like someone to figure out using the Kooster & Allen General Ledger Software.

Needed ASAP!

---

On July 1, 2012, Kim Wheeler established an interior decorating business, Aztec Designs.

During the month, Kim completed the following transactions related to the business:

July 1. Kim transferred cash from a personal bank account to an account to be used

for the business, $21,000.

4. Paid rent for period of July 4 to end of month, $2,750.

10. Purchased a used truck for $18,000, paying $4,000 cash and giving a note pay-

able for the remainder.

13. Purchased equipment on account, $9,000.

14. Purchased supplies for cash, $1,500.

15. Paid annual premiums on property and casualty insurance, $3,600.

15. Received cash for job completed, $12,000.

Enter the following transactions on Page 2 of the two-column journal.

21. Paid creditor a portion of the amount owed for equipment purchased on July 13,

$2,000.

24. Recorded jobs completed on account and sent invoices to customers, $9,800.

26. Received an invoice for truck expenses, to be paid in August, $700.

27. Paid utilities expense, $1,000.

27. Paid miscellaneous expenses, $300.

29. Received cash from customers on account, $4,600.

30. Paid wages of employees, $2,800.

31. Withdrew cash for personal use, $2,500.

Instructions

1. Journalize each transaction in a two-column journal beginning on Page 1, referring to

the following chart of accounts in selecting the accounts to be debited and credited.

(Do not insert the account numbers in the journal at this time.) Journal entry explana-

tions may be omitted.

1 1 Cash 31 Kim Wheeler, Capital

1 2 Accounts Receivable 32 Kim Wheeler, Drawing

1 3 Supplies 41 Fees Earned

1 4 Prepaid Insurance 51 Wages Expense

1 6 Equipment 53 Rent Expense

1 8 Truck 54 Utilities Expense

21 Notes Payable 55 Truck Expense

22 Accounts Payable 59 Miscellaneous Expense

2. Post the journal to a ledger of four-column accounts, inserting appropriate posting

references as each item is posted. Extend the balances to the appropriate balance

columns after each transaction is posted.

3. Prepare an unadjusted trial balance for Aztec Designs as of July 31, 2012.

4. Determine the excess of revenues over expenses for July.

5. Can you think of any reason why the amount determined in (4) might not be the net

income for July?

Kỹ năng: Kế toán, Nhập liệu, Excel, Tài chính

Xem thêm: recorded, accounting homework software, kim wheeler established interior, purchased supplies cash, accounting entry wheeler, recorded jobs completed account, received, wages accounting, truck jobs, trial balances accounting, trial balance accounting, receivable payable accounting, posting accounting, personal capital, paying jobs, ledger posting accounting, jobs pay cash, jobs interior decorating, jobs insurance, jobs bank, jobs cash, jobs drawing, job related accounting, interior decorating jobs, insurance jobs

Về Bên Thuê:
( 3 nhận xét ) Catonsville, United States

Mã Dự Án: #1663403

Đã trao cho:

ruby22

CPA, MBA here , I have done similar project like this. Message me as soon as possible. You can check my profile for proof on this kind of project. I'm an Accountant, skilled in Academic Accounting US GAAP, the most qua Thêm

$55 USD trong 1 ngày
(21 Đánh Giá)
4.5

6 freelancer đang chào giá trung bình $48 cho công việc này

javed1705

dear sir plz check pm

$40 USD trong 0 ngày
(60 Đánh Giá)
5.5
sehgals

i can do this right now..1

$60 USD trong 1 ngày
(24 Đánh Giá)
4.2
facilitator

Highly Interested! See PMB for Details

$45 USD trong 1 ngày
(4 Đánh Giá)
3.8
soni786

Hi I can do this for you.

$50 USD trong 2 ngày
(0 Đánh Giá)
0.0
gundu2012

Hi, we understand the scope of your project

$50 USD trong 3 ngày
(0 Đánh Giá)
0.0
morshedmy

I have long 10 years' experience in the field of Finance and accounting, I am use to all king of account and finance related software. I have practical knowledge about all kind of financial transaction. All kind of jou Thêm

$50 USD trong 3 ngày
(0 Đánh Giá)
0.0