Question

Mueva hoja de calculos hacia su derecha Anne Aile transactions for her Profesional Services business Month September Transactions Amount Invested cash in her business, $ 20,000 2 Purchased equipment on account 17,280 Record depreciation using a 5 year useful life on the equipment, using straight-line menthod, and no salvage value 4 Paid rent for the office space. 880 4 Contracted a receptionist. $ 5 Purchased supplies in cash. $ 942 8 Received cash for services performed $ 1,690 10 Paid miscellaneous office expenses $ 430 14 Billed oustomers for services performed $ 5,820 18 Paid a partial payment of the equipment purchased on account in day 2. $ 3,600 19 Withdraw cash for her personal use. $ 3.000 20 Received cash from customers that were billed previously. $ 980 25 Billed oustomers for services performed $ 2.110 30 Paid in cash the following expenses: Salaries and Wages Expense $ 1,800 Miscellaneous Office Expense 85 30 Counted the supplies and identified the amount consumed. $ 330 Actions to take: 1 Prepare the General Ledger for the following accounts and register each transaction mentioned above including closing. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Ownet' Capital Owner' Drawings (optional) Service Revenue Rent Expense Office Expense Salaries and Wages Expense Supplies Expense Depreciation Expense Income Summary 2 Prepare the Trial Balance (including date) 3 Prepare the income Statement (including date) • Prepare the Statement of Owner's Equity, including date) 5 Prepare the Balance Sheet (including date) 6 Closed the Ledgers 7 Prepare the Closing Journal Entries 8 Prepare the Post Closing Trial Balance (including del

I need help for verification of the first part of the exercise(general journal). I completed it how I thought it was correct but I need to be 100% good to keep going and Im not sure.

Answer 1

Annie Allie Professional Service Business General Ledgers SI. No 1 Date Particulars 01-Sep To Owners Capital 08-Sep To Service 20-Sep To Account Receivable Ref. SI. No Cash 2 Ref. Debit Amount($) Date Particulars Ref. Debit Amount($) Date Particulars 20000 04-Sep By Rent 680 14-Sep To Service Revenue 1690 05-Sep By Supplies 942 25-Sep To Service Revenue 980 10-Sep By Office Expenses 430 18-Sep By Accounts Payable 3600 19-Sep By Owners Drawings 3000 30-Sep By Salaries And Wages 1800 30-Sep By Office Expenses 85 Accounts Receivable Debit Amount($) Date Particulars 5820 20-Sep By Cash 2110 Ref. Debit Amount($) 980 30-Sep By Balance 6950 7930 7930 30-Sep By Balance 12133 22670 22670 4 3 Date Particulars 05-Sep To Cash Supplies Ref. Debit Amount($) Date Particulars 942 30-Sep By Supplies Expenses Ref. Particulars Equipment Debit Amount($) Date 17280 Ref. Debit Amount($) 330 Ref. Debit Amount($) Date Particulars 02-Sep To Accounts Payable 30-Sep By Balance 612 942 30-Sep By Balance 17280 17280 942 17280

6 7 Date Particulars 30-Sep To Drawings Owners capital Ref. Debit Amount($) Date Particulars 3000 01-Sep By Cash Ref. Ref. Debit Amount($) 20000 Date Particulars 18-Sep To Cash Accounts Payable Debit Amount($) Date Particulars 360002-Sep By Equipment Ref. Debit Amount($) 17280 30-Sep To Balance 13680 17280 30-Sep To Balance 17280 17000 20000 20000 9 Date Particulars 8 Date Particulars 19-Sep To Cash Ref. Owners Drawings Debit Amount($) Date 3000 Service Revenue Ref. Debit Amount($) Date Particulars Ref. Debit Amount($) 08-Sep By Cash 1690 14-Sep By Account Receivable 5820 25-Sep By Account Receivable 2110 Particulars Ref. Debit Amount($) 30-Sep To Income Summary 9620 9620 30-Sep By Owners Capital 3000 3000 9620 3000 Ref. Debit Amount($) Ref. 10 Date Particulars 04-Sep To Cash 11 Date Particulars 10-Sep To Cash 30-Sep To Cash Particulars Office Expenses Ref. Debit Amount($) Date Particulars 430 85 Rent Expenses Debit Amount($) Date 680 Ref. Debit Amount($) 30-Sep By Income Summary 515 30-Sep By Income Summary 680 680 515 515 680

13 Date Particulars 30-Sep To Supplies Supplies Expenses Ref. Debit Amount($) Date Particulars 3301 Ref. Debit Amount($) 12 Date Particulars 30-Sep To Cash Ref. Salaries and wages Debit Amount($) Date 1800 Particulars Ref. Debit Amount($) 30-Sep By Income Summary 30-Sep By Income Summary 330 330 1800 1800 330 1800 14 Date Particulars 30-Sep To Accumulated Depreciation Ref. Depreciation Expenses Debit Amount($) Date 288 Ref. Debit Amount($) 9620 Particulars Ref. Debit Amount($) 15 Income Summary Date Particulars Ref. Debit Amount($) Date Particulars 30-Sep To Office Expense 515 30-Sep By Service Revenue 30-Sep To Rent Expense 680 30-Sep To Supplies Expenses 330 30-Sep To Salaries And Wages 1800 30-Sep To Depreciation 288 30-Sep By Income Summary 288 288 288 * Calculation Of Depreciation Value of Equipment Life Span No.of Month Used 17280 5 Year 1 Month (Here We Only Used for One Month, So Assume to be taken as One Month) 30-Sep To Net Profit 6007 9620 9620 Depreciation 5 Date = (17280/5)*(1/12) (12 Stamds for No.of Months in a Year) 288 Accumulated Depreciation Ref. Debit Amount($) Date Particulars Ref. Debit Amount($) 30-Sep By Depreciation 288 Particulars 30-Sep To Balance 288 288 288

Here Is The Normal Formats of General Ledgers you Asked for

I Used Normal Standard formats for Clearing Yor Query

Depreciation is Calculated for 1 Month because of question is only Mentioned About The Month of September

Hope you Understood...,