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what do i enter in t -accounts, financial statement and finally in post closing trial balance.

195 points Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file "Accounting Cycle Excel Template.xlsx". Use the following accounts as appropriate: Cash Land Accounts Receivable Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Eamings Dividends Supplies Depreciation Expense Salaries Expense Supplies Expense Rent Expense Insurance Expense Prepaid Insurance Deferred Revenue Equipment Salaries Payable Service Revenue 1-Dec Issue common stock in exchange for cash of $7,000. 1-Dec Paid the premium in advance on a one-year insurance policy. $960. 1-Dec Purchased Equipment for $3,600 cash. 5-Dec Purchased office supplies from XYZ Company on account, $400. 15-Dec Provided services to customers for $7,800 cash. 16-Dec Provided services to customer ABC Inc. on account, $6,100. 17-Dec Received $2,000 cash in advance from a customer for services to be provided in January. 22-Dec Paid $220 to XYZ company for the Dec 5 purchase on account. 23-Dec Received $2,700 cash from customer, ABC Inc., on account. 25-Dec Paid the rent for the current month, $1,100. 28-Dec Paid salaries to employees for work performed from December 1 through December 28, $4,200. Declared and paid dividends to stockholders $250.. 29-Dec 30-Dec Purchased land by signing 3 year note payable for $8,000. Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 1 Step 1: Save All Answers Save Ar Save and Subs Step 2: Step 3: Step 4: Step 5: Step 6: Step 7: 30-Dec Purchased land by signing 3 year note payable for $8,000. Post all of the December transactions from the "General Journal" tab to the T-accounts under the "T-Accounts" tab in the excel template file "Accounting Cycle Excel Template.xlsx". Assume there are no beginning balances in any of the accounts. Compute the balance for each T-account after all of the entries have been posted. Prepare the unadjusted trial balance on the "Unadjusted Trial Balance" tab. Provide the total of the credit column from the Unadjusted Trial Balance Record the December adjusting entries on the "General Journal" tab. 31-Dec One month's insurance has expired $80. 31-Dec The remaining inventory of unused office supplies is $90. 31-Dec The estimated depreciation on equipment is $60. 31-Dec Salaries incurred from December 29 to December 31 but not yet paid or recorded total $450. Post all of the adjusting entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. Prepare the adjusted trial balance on the "Adjusted Trial Balance" tab. 31,590 Check point 1: Adjusted trial balance total debit/credit Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no answer should be left blank.) Cach in all anim AIL ANSARTS Save Step 6: Step 7: Post all of the adjusting entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. Prepare the adjusted trial balance on the "Adjusted Trial Balance" tab. $ 31,590 Check point 1: Adjusted trial balance total debit/credit Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no answer should be left blank.) 2 Cash 3 Accounts Receivable 4 Supplies Prepaid Insurance Equipment. 7 Land 8 Accumulated Depreciation 9 Accounts Payable 10 Deferred Revenue 11 Salaries Payable 12 Notes Payable Common Stock 14 Retained Earnings 5 6 222 13 Step 6: Step 7: Post all of the adjusting entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the adjusting entries have been posted. Prepare the adjusted trial balance on the "Adjusted Trial Balance" tab. $ 31,500 Check point 1: Adjusted trial balance total debit/credit = Provide the following amounts from the Adjusted Trial Balance: (Be sure to enter all numbers as positive and no answer should be left blank.) Cash Accounts Receivable Supplies 5 Prepaid Insurance 6 Equipment. 7 Land 8 Accumulated Depreciation 9 Accounts Payable 10 Deferred Revenue 11 Salaries Payable 12 Notes Payable 13 Common Stock 14 Retained Earnings 2 3 4 Retained Earnings Prepare the Income Statement. Statement of Stockholder's Equity and Classified Balance Sheet on the Financial Statements" tab for the month ended December 31, 20XX Provide the following amount from the Income Statement: (Be sure to enter all numbers as positive and no answer should be left blank.) 15 Service Revenue 16 Depreciation Expense 17 Salaries Expense 18 Supplies Expense Rent Expense Insurance Expense Net Income Provide the following account balances from the Balance Sheet: (Be sure to enter all numbers as positive and no answer should be left blank.) Current Assets 23 Long-Term Assets Current Liabilities Long-Term Liabilites Total Liabile Total Stockholder's Equity Lave A Avers Save and Suma Click Save and Submit to save and submit. Click Save All Answers to save all answers Step 8: 14 2222RR 19 20 21 RRRRRR 22 24 25 20 27 O LAL Step 9: Step 10: Step 11: 26 27 Total Liabilities Total Stockholder's Equity Provide the following account balance from the Statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank.) Dividends Record the closing entries on the "General Journal" tab. Post all of the closing entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the closing entries have been posted. Prepare the post closing trial balance for the month ended December 31, 20XX on the Post-Closing Trial Balance tab 29 Provide the total of the debit column from the Post Closing Trial Balance Provide the balance of the Retained Eamings T-account after closing entries have For Blank 29 30 been posted. Check Point 2: Total Assets 25,000 31 Does the ending balance of the Retained Earnings t-account agree with the balance of Retained Earnings on the Balance Sheet? 28 QUESTION 2 Click Save and Submit to save and submit. Click Save All Anners to save all answers, 10 2 B 5 points Save Al Anders Save Answer Save and Sub Question Completion Status: Provide the following account balances from the Balance Sheet: (Be sure to enter all numbers as positive and no answer should be left blank.) 22 Current Assets 23 Long-Term Assets 24 Current Liabilities 25 Long-Term Liabilites 26 Total Liabilities 27 Total Stockholder's Equity Provide the following account balance from the Statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank.) 28 Dividends Record the closing entries on the "General Journal" tab. Post all of the closing entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after at of the closing entries have been posted. Prepare the post closing trial balance for the month ended December 31, 20XX on the Post-Closing Trial Balance tab 29 Provide the total of the debit column from the Post Closing Trial Balance 30 Provide the balance of the Retained Earnings T-account after closing entries have been posted Check Point 2: Total Assets $ 25,000 Step 9 Step 10 Step 11: Step 9: Step 10 Step 11: Provide the following account balances from the Balance Sheet: (Be sure to enter all numbers as positive and no answer should be left blank.) 22 Current Assets 23 Long-Term Assets 24 Current Liabilities 25 Long-Term Liabilites 26 Total Liabilities 27 Total Stockholder's Equity Provide the following account balance from the Statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank.) 28 Dividends Record the closing entries on the "General Joumal" tab. Post all of the closing entries to the T-accounts on the "T-Accounts' tab. Compute the balance for each T-account after at of the closing entries have been posted Prepare the post closing trial balance for the month ended December 31, 20XX on the Post-Closing Trial Balance tab 29 Provide the total of the debit column from the Post Closing Trial Balance 30 Provide the balance of the Retained Earnings T-account after closing entries have been posted. Check Point 2: Total Assets $ 25,080 vema all ansuiers Save All Amers Save and Subint 5.303 Step 9: Step 10: Step 11: 26 27 Total Liabilities Total Stockholder's Equity Provide the following account balance from the Statement of stockholders' Equity: (Be sure to enter all numbers as positive and no answer should be left blank.) Dividends Record the closing entries on the "General Joumal" tab. Post all of the closing entries to the T-accounts on the "T-Accounts" tab. Compute the balance for each T-account after all of the closing entries have been posted. Prepare the post closing trial balance for the month ended December 31, 20XX on the Post-Closing Trial Balance tab 29 Provide the total of the debit column from the Post Closing Trial Balance For Blank 29 30 Provide the balance of the Retained Eamings T-account after closing entries have been posted Check Point 2: Total Assets $ 25,000 31 Does the ending balance of the Retained Earnings t-account agree with the balance of Retained Earnings on the Balance Sheet? 28 QUESTION 2 Click Save and Subanit to save and subenit. Click Save All Ansers to save all anners 10 MacBook Air A 5 points Save Al Ans Save

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