Question

This project will be submitted in 3 parts. The submission dates and required parts to be completed for each submission are: Submission 1 - due Friday January 17 before 5pm - You must submit your completed Journal entries, the Worksheet complete through the Trial Balance (with totals for all columns), and the worksheet formulas tab complete through the Trial Balance. Your file must be named correctly - "Your name (first and last) Project 1 part 1. Failure to name your file correctly will result in a l point deduction Submission 2 - due Friday January 31 before 5pm - You must submit your completed Adjusting Journal Entries, the worksheet with the Trial Balance and adjustments and Adjusted Trial Balance Columns (with totals for all columns), and the Worksheet formulas tabs completed/redone. Your file must be named correctly - "Your name (first and last) Project 1 part 2. Failure to name your file correctly will result in a 1 point deduction Submission 3 - due Friday February 7 before 5pm - You must submit your completed Closing entries, the financial statements completed, and the financial statements formulas tab completed. Your file must be named correctly - "Your name (first and last) Project 1 part 3. Failure to name your file correctly will result in a 1 point deduction PARTIAL CREDIT FOR LATE SUBMISSION OF PARTS 1 AND 2 Because you will need to complete Part 1 to be able to complete Part 2 and complete Part 2 to complete Part 3 you may earn partial credit for an earlier part of the Project that you did NOT submit in a timely fashion when you submit the subsequent part of the project. For example, if you do not complete and submit Part 1 of the project by the due date you will lose the 10 points alloccated to that part of the project. If you complete that part of the project and submit it to the part 1 link before the final due date for the complete project, you can earn up to 50% of the possible points. There is NO late submission for part 3 of the project. YOU MUST USE FORMULAS AND CELL REFERENCES FOR INPUTS IN THE WORKSHEETS AND FINANCIAL STATEMENTS FOR YOUR PROJECT TO BE CONSIDERED FOR FULL CREDIT - SEE THE RUBRIC POSTED ON CANVAS PROJECT INFORMATION

Answer 1

For Date Tollol 130L submission - Youmal entries Transaction Amount ($) Office Supplies Ale Dr 6850 Account Payable Alc 6850 Cash Alc or 11760 Uneamed Income 11760 Cash Ale Dr 96000 Note Payable Prepaid Rent Alcor 8100 810o Cash Ale Office furniture Aleor 11260 Cash Ale 26000 108/01 10/01 11260 14101 Utility expense Ale Dr 2340 2340 Cash Ale 15/01 - 26/01 Cash AlC Dr 9750 Accounts Recienable or 18950 Sales Ale 28700 Salary Expense Alc DX 4375 The Cash Alc 4375 - Cash Ale or 168. 50 To Accounts Recienable 16850 28/01

Page No. Date Date 29]01 31101 Accounts Payable Dr 8650 Cash Alc 8650 Retained Eamings Dy 2000 Dividend payable 2000 Dividend Payable or 2000 Cash Alo 2000 Ledges Accounts - Office Date Debit Amt Old Accounte lable $650 Supplies Alc Date Credet Amount Date 29/01 Total $6850 Total - Balance. $6850 - Accounts Payable Debit Amt Date Credit Amount Cash. $8650 Ollol Supplies $6850 Total $8650 Total $6850 Balance $1800 | Balance

Page Date Debet Uneamed Income Ale Amount Date Gedet 103lol Cash Amount $11760 Total Total Balance Rent & 11760 $11760 - Bepaid Date Credit rute 08/01 Amount Debit Cash Amount $8100 Total $ 100 Total Balance $ 100 l office furniture Debit Amount 1 Date Credit Cash $11260 Date 10/01 Amount Total Total Balance $11260 I doo $11260 1 Date 1401 expense Date Credit Amoun Utility Debit Amount Cach $2340 Total $2340 / Balance $2340 I Total

I Date Date - Dredit Cash Total Casb Date 15/01 Accounts Recicuable Amount Date &18950 28/01 $18910 $ 2100 Debit Sales Total Balance 4416850 Amount $16850 $16850 Amount Date 26/01 Salary Expense. Debit Amount Date Caedet Cash & 4375 Total $4375 T Toled Balobce $437 - Date Debut Amount 42000 31/OL D Dinidend payable I Debit Amount | Date Credit I Cash $2000 31/0 Retained eaming T Total tee $2000 Total $2000 I T Cash a Date Debit Amount Date 03/01 Uneamed (11760 08/01 Income 10/01 03/01 Note payable $26000 140 15/01 Sales $9750 26/01 28/01 Accounts Recuevable $16850 29/0) 31/01 Total $64360 Balance $27365 Credit Amount Prepaud Rent $8100 Office furniture $11260 lbluth expens $2340 Salary expense $4375 Accounts Payable $8650 Diuidend payable $2000 Total $36725

Page No. Date Date Debit Note, hayable Amount Date Credit 103%o) Cash Total Balance Total - Amount $26000 $26000 4260000 undsisted Trial Balance Accounts Office supplies Accounts Payable Wneamed Income Prepaid Rent office Furniture uhlity Expense Accounts Recenable Salary expense Dividend Payable Cash Note Payable as on 31/01/2018 Debit Credit $6850 $1800 $11760 $8100 $11260 $2340 $2100 $4375 $27365 $26000 Retained $2000 Coming Total.