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3-1 Need help with financial statements as well. Template explanation to ensure I'm doing it correctly if possible.

ng expenses BE3-13 (L08) Assume that Best Buy made a December 31 adjusting entry to debit Salaries ar alaries and Wages Payable for $4,200 for one of its departments. On January 2, Best Buy paid the pare Best Buy's (a) January 1 reversing entry; (b) January 2 entry (assuming the reversing entry w entry (assuming the reversing entry was not prepared). EXERCISES E3-1 (L02) (Transaction Analysis-Service Company) Beverly Crusher is a licensed CPA. Du tions of her business (a sole proprietorship), the following events and transactions occur April 2 Invested $32,000 cash and equipment valued at $14,000 in the business 2 Hired an administrative assistant at a salary of $290 per week payable monthly 3 Purchased supplies on account $700. (Debit an asset account.) 7 Paid office rent of $600 for the month. 11 Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Reven 12 Received $3,200 advance on a management consulting engagement. 17 Received cash of $2,300 for services completed for Ferengi Co. 21 Paid insurance expense $110. 30 Paid administrative assistant $1,160 for the month. 30 A count of supplies indicated that $120 of supplies had been used. 30 Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusi Instructions Journalize the transactions in the general journal. (Omit explanations.)

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