Question

rebe Grote Bodeodorang tu cables . Produce; No. 35: E N . A vites Egere. During September the following and traction D a Payable; e 2921 A 200 named Revenue d what G. Rada Capital tis. a re charts Rodewale Draps 400 Service Revue for the business as follows: No 101 Ch 112 Advertising Expense: 736 Rent Expend a Sect e d from her membere d er she commerce Signed one year agreement for all the first montrent $500 for advertising C e we September 13 Collected 50 cash for providing dogg ing vi the newer for the services wided on t 2 1.500f the mounted from the September su r purchase Received cash for otra lessons that will start on October 10. or kernel owners. The ken h e land owner o f t n er will be the mounting within two weeks he rest > wrote fall for her per

Grete Rodewald formed a dog grooming and training business called Grete Kanines on September 1, 2021. After consulting with a friend who had taken introductory accounting, Grete created a chart of accounts for the business as follows: No. 101 Cash; No. 112 Accounts Receivable; No. 130 Prepaid Insurance; No. 151 Equipment; No. 201 Accounts Payable; No. 209 Unearned Revenue; No. 301 G. Rodewald, Capital; No. 306 G. Rodewald, Drawings; No. 400 Service Revenue; No. 610 Advertising Expense; No. 726 Rent Expense; and No. 737 Utilities Expense. During September, the following events and transactions occurred:

Sept. 1

Grete transferred $9,330 from her personal bank account to a bank account under the company name Grete Kanines.

2 Signed a one-year rental agreement for $660 per month. Paid the first month’s rent.

2 Paid $730 for a one-year insurance policy effective September 1, 2021.

5 Purchased $2,530 of equipment on credit.

7 Paid $500 for advertising in several community newsletters in September.

13 Collected $520 cash for providing dog grooming services.

21 Attended a dog show and provided $710 of dog grooming services for one of the major kennel owners. The kennel owner will pay the amount owing within two weeks.

24 Collected $570 from the kennel owner for the services provided on September 21. The kennel owner promised to pay the rest on October 2.

28 Paid $125 for utilities for the month of September.

29 Paid $1,500 of the amount owed from the September 5 equipment purchase.

30 Received $945 cash for dog training lessons that will start on October 10.

30 Collected $1,100 cash for providing dog grooming services.

30 Paid the owner, Grete Rodewald, $

Answer 1

From the information provided in the problem, I have prepared Journal Entries, Ledger Accounts, Trial Balance for the month of September 2021 of Grete Kanines.

Styles Alignment Number M17 н Grete Kanines Journal Entries for the month of September 2021. Particulars Date Dr Cr 13, Sept Cash 520 Particulars Date To Service Revenue Dr Cr 520 Accounts Receivable 1, Sept 21, Sept 710 Bank 9330 To G.Rodewald Capital A/c Cash 9330 710 0 2, Sept Rent 24, Sept Cash 570 660 To Bank Accounts Receivable 570 660 3 2, Sept Utilities Expense Insurance 61 28, Sept 125 Prepaid Insurance 669 To Bank 125 To Bank 730 (Insurance paid for a year = 730 Insurance for the month of Sept = 730*1 = 730/12 = 61 Prepaid Insurance for theremaining months = 730-61 = 669) 1500 Accounts payable 29, Sept To Bank 1500 9. 30, Sept Cash 945 o 5, Sept To Unearned Revenue Equipment To Accounts payable 2530 945 21 2530 22 23 7, Sept 30, Sept Cash 1100 Advertising Expense 500 To Service Revenue 1100 24 To Bank 500 25 1035 30, Sept Drawings 26 To Bank 1035 Sheeti Sheet2 Sheet3 Ready

Alignment Number Styles AC16 AA V. Y. AB AC AD AB 1 Ledger Accounts Unearned Revenue Utilities Expense Debit Date 3 Cash Credit Balance Date Debit Credit Balance Balance Credit 30, Sept Date Debit 945 28, Sept 4. 945 125 125 5 13, Sept 6 24, Sept 7 30, Sept 8 30, Sept 520 520 G Rodewald Capital Date 1,Sept 1090 570 945 Debit Balance 2035 Credit 3135 1100 9330 9330 G Rodewald Drawings Date 30, Sept 10 Accounts Receivable Debit Credit 1035 11 Date Credit Balance Debit Balance 12 21, Sept 13 24, Sept 710 710 1035 570 140 Service Revenue Date 13, Sept 21, Sept 14 15 Prepaid Insurance Debit Credit Balance 520 16 Date Debit Credit Balance 520 17 2, Sept 1230 710 669 669 30, Sept 18 1100 2330 19 Equipment Advertising Expense Date 7, Sept 20 Date 21 5, Sept Balance Debit Credit Debit Credit Balance 2530 2530 22 500 500 23 Accounts Payable 24 Date Debit Balance Rent Expense Credit Balance 25 5, Sept Credit Debit Date 2530 2530 2, Sept 26 29, Sept 1030 660 660 1500 27 Sheeti Sheet2 Sheet3

Grete Kanines Trial Balance for the month of September 2021 Account Dr Cr Bank Cash 4780 3135 G Rodewald Capital 9330 Rent 660 Insurance 61 Prepaid Insurance 669 Equipment Accounts Payable Accounts Receivable 2530 1030 140 Advertising Expense 500 Service Revenue 2330 Utilities Expense Unearned Revenue 125 945 G Rodewald Drawings 1035 Total 13635 13635