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just answer the question plzz i am not understanding acc over here our professor just told to do this by our own i have no idea what you are asking..

kindly can you plzz do it fast.

hey can you just do journal entry and T-accounts

Completing the Accounting Cycle and Classifying Accounts CHAPTER 4 Problem 4-13A Performing the steps in the accounting cycle LO2.3,4,5.6 CHECK FIGURES: 4. Loss-$1,070; Total assets- $102.100: 6. Post closing trial balance $104.150 On June 1, 2017, Sam Near created a new travel agency called Tours-For-Less These activities ocr during the companyls first month: ccurred 1 Near created the new company by investing $40.000 cash, $5.000 of fumiture, and computer equipment worth June $60,000 The company rented furnished office space by paying $3.200 rent for the first month 2 The company purchased $2.400 of office supplies for cash 3 10 The company paid $7,200 for the premium on a onegear insurance policy 14 The owner's assistant was paid $3,600 for two weeks salary 24 The company collected $13.600 of commissions from airines on sickets obtained for customers The assistant was paid another $3.600 for two weeks salany The company paid the month's $3.500 phone bil. 30 28 29 The company repaired its computer for $700 on account 30 The owner withdrew $2.850 cash from the business for personal use The company's chart of accounts included these accounts 101 Cash 302 Sam Near, Withdrawals 405 Commissions Revenue 106 Accounts Receivable 124 Office Supplies 610 Depreciation Expense, Fumiture 128 Prepaid Insurance 612 Depreciation Expense, Computer Equipment Salaries Expense 160 Furniture 622 161 Accumulated Depreciation, Funiture 637 Insurance Expense 640 Rent Expense 650 office Supplies Expense 167 Computer Equipment Accumulated Depreciation, Computer Equipment Accounts Payable 168 684 Repairs Expense 688 Telephone Expense 901 Income Summany 201 209 Salaries Payable Sam Near, Capital 301 Required 1. Set up each of the listed accounts. Note: Your instructor will tell you to use either the balance column format or T-accounts 2 Prepare journal entries to record the transactions for June and post them to the accounts. 2 Use the following information to journalize and post the adjustments for the month Two-thirds of one month's insurance coverage was consumed a. b. There were $1,600 of office supplies on hand at the end of the month. Depreciation on the computer equipment was estimated to be $1,650 and $400 on the furnitu re. e. d. The assistant had earned $320 of unpaid and unrecorded salary e. The company had eamed $3,500 of commissions that had not yget been billed. Prepare an income statement, a statement of changes in equity, and a classified balance sheet. 4. 5. Prepare journal entries to close the temporary accounts and post them to the accounts. Prepare a post-closing trial balance. 6 290 Completing the Accounting Cycle and Classifying Accounts CHAPTER 4 Problem 4-13A Performing the steps in the accounting cycle LO2.3,4,5.6 CHECK FIGURES: 4. Loss-$1,070; Total assets- $102.100: 6. Post closing trial balance $104.150 On June 1, 2017, Sam Near created a new travel agency called Tours-For-Less These activities ocr during the companyls first month: ccurred 1 Near created the new company by investing $40.000 cash, $5.000 of fumiture, and computer equipment worth June $60,000 The company rented furnished office space by paying $3.200 rent for the first month 2 The company purchased $2.400 of office supplies for cash 3 10 The company paid $7,200 for the premium on a onegear insurance policy 14 The owner's assistant was paid $3,600 for two weeks salary 24 The company collected $13.600 of commissions from airines on sickets obtained for customers The assistant was paid another $3.600 for two weeks salany The company paid the month's $3.500 phone bil. 30 28 29 The company repaired its computer for $700 on account 30 The owner withdrew $2.850 cash from the business for personal use The company's chart of accounts included these accounts 101 Cash 302 Sam Near, Withdrawals 405 Commissions Revenue 106 Accounts Receivable 124 Office Supplies 610 Depreciation Expense, Fumiture 128 Prepaid Insurance 612 Depreciation Expense, Computer Equipment Salaries Expense 160 Furniture 622 161 Accumulated Depreciation, Funiture 637 Insurance Expense 640 Rent Expense 650 office Supplies Expense 167 Computer Equipment Accumulated Depreciation, Computer Equipment Accounts Payable 168 684 Repairs Expense 688 Telephone Expense 901 Income Summany 201 209 Salaries Payable Sam Near, Capital 301 Required 1. Set up each of the listed accounts. Note: Your instructor will tell you to use either the balance column format or T-accounts 2 Prepare journal entries to record the transactions for June and post them to the accounts. 2 Use the following information to journalize and post the adjustments for the month Two-thirds of one month's insurance coverage was consumed a. b. There were $1,600 of office supplies on hand at the end of the month. Depreciation on the computer equipment was estimated to be $1,650 and $400 on the furnitu re. e. d. The assistant had earned $320 of unpaid and unrecorded salary e. The company had eamed $3,500 of commissions that had not yget been billed. Prepare an income statement, a statement of changes in equity, and a classified balance sheet. 4. 5. Prepare journal entries to close the temporary accounts and post them to the accounts. Prepare a post-closing trial balance. 6 290

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