Who can do this journal entry for me ? - Academia Essay Writers

Who can do this journal entry for me ?

  • The project includes 10 required items. Complete required items 1 – 10 by entering the appropriate accounting information in your template.Please use your name as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.).After completing items 1 – 10 save your final template using the following name format: ACCT_Project_Yourfirstname_Yourlastname, Example: ACCT_Project_John_Smith. Mine would be Edna Trejo,inc
  • Record your answers to fill in the blank questions under items 4, 7, 8 and 10 using the information from your template.
  • Submit the completed excel file as an attachment in the link under step III.
  • Required: #1. 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, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained Earnings, Dividends, Service Revenue, Depreciation Expense, Wages Expense, Supplies Expense, Rent Expense, and Insurance Expense.
    1-Dec Began business by depositing $6500 in a bank account in the name of the company in exchange for
    650 shares of $10 per share common stock.
    1-Dec Paid the rent for the current month, $550 .
    1-Dec Paid the premium on a one-year insurance policy, $600 .
    1-Dec Purchased Equipment for $4200 cash.
    5-Dec Purchased office supplies from XYZ Company on account, $300 .
    15-Dec Provided services to customers for $5600 cash.
    16-Dec Provided service to customers ABC Inc. on account, $2800 .
    21-Dec Received $1600 cash from ABC Inc., customer on account.
    23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 .
    28-Dec Paid wages for the period December 1 through December 28, $4480 .
    30-Dec Declared and paid dividend to stockholders $200 .
    #2. 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.
    #3. Compute the balance for each T-account after all of the entries have been posted. These are the unadjusted balance as of December 31.
    #4. Prepare the unadjusted trial balance under the “Unadjusted Trial Balance” tab in the excel template file “Accounting Cycle Excel Template.xlsx” .
    Provide the total of the credit column from the Unadjusted Trial Balance
    #5. Record the following four transactions as adjusting entries under the “General Journal” tab.
    31-Dec One month’s insurance has been used by the company $50.
    31-Dec The remaining inventory of unused office supplies is $90.
    31-Dec The estimated depreciation on equipment is $70.
    31-Dec Wages incurred from December 29 to December 31 but not yet paid or recorded total $480.
    #6. Post all of the adjusting entries to the T-accounts under the “T-Accounts” tab. Compute the balance for each T-account after all of the adjusting entries have been posted. These are the adjusted balance as of December 31.
    #7. Prepare the adjusted trial balance under the “Adjusted Trial Balance” tab as of December 31 in the excel template file “Accounting Cycle Excel Template.xlsx” .
    Provide the following accounts balances from the Adjusted Trial Balance:
    Cash
    Accounts Receivable
    Supplies
    Prepaid Insurance
    Equipment
    Accumulated Depreciation
    Accounts Payable
    Wages Payable
    Common Stock
    Retained Earnings
    #8. Prepare Income Statement, Statement of Stockholder’s Equity, and Classified Balance Sheet under the “Financial Statements” tab for the month ended December 31, 20XX in the excel template file “Accounting Cycle Excel Template.xlsx”.
    Provide the following amount from the Income Statement:
    Service Revenue
    Depreciation Expense
    Wages Expense
    Supplies Expense
    Rent Expense
    Insurance Expense
    Net Income
    Provide the following account balance from the Statement of Stockholders’ Equity:
    Dividends
    Provide the following account balances from the Balance Sheet:
    Current Assets
    Long-Term Assets
    Total Liabilities
    Total Stockholder’s Equity
    Cash
    #9. Record the closing entries under the “General Journal” tab.
    #10. Post all of the closing entries to the T-accounts under the “T-Accounts” tab. Compute the balance for each T-account after all of the closing entries have been posted.
    Provide the ending balance of Cash at December 31 from the T-account
    Provide the balance of the Retained Earnings T-account after closing entries have been posted.
    Does the ending balance of the Retained Earnings T-account agree with the balance of Retained Earnings on the Balance Sheet?
    Check Point: Total Assets $ 9,470.00

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550 words
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