roma7843
Oct 16, 2010, 01:40 PM
Can you please help me get these transactions in the right places?
June 1 the following assets were received from Emily Page: cash $20000, A/R $4500, Supplies $2200, and Office Equipment $11500. When do I put these in the Trial Balance Sheet?
June 1 - paid 3 month rent on a lease contract $6000
June 2 Paid the premiums on porperty and casualty insurance policies $2400 do I split them into 2 different prepaid insurances or leave as one
June 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees $2700
June 5 Purchased additional office equipment on account from office depot co. $3500
June 6 Received cash from clients on account $3000
June 10 Paid cash for a newspaper advertisement $200
June 12 Paid Office Depot Co for part of the debit incurred on June 5 $750
June 12 Recorded services provided on account for the period June 1-12 $5100
June 14 Paid part time receptionist for 2 weeks salary $1100
June 17 Recorded cash from cash clients for fees earned during the period June 1-16 $6500
June 18 Paid cash for supplies $750
June 20 Recorded services provided on account for the period June 13-20 $3100
June 24 Recorded cash from cash clients for fees earned for the period June 17-24 $5150
June 26 Received cash from clients on account $6900
June 27 Paid part time receptionist for 2 weeks salary $1100
June 29 Paid telephone bill for June $150
June 30 Paid electricity bill for June $400
June 30 Recorded cash from cash clients for fees earned for the period June 25-30 $2500
June 30 Recorded services provided on account for the remainder of June $1000
June 30 Emily withdrew $5000 for personal use.
At the end of June the following adjustment data wer assembled.
a. Insurance expired during June is $200
b. Supplies on hand on June 30 are $650
c. Depreciation of office equipment for June is $250
d. Accrued receptionist salary on June 30 is $220
e. Rent expired during June is $2000
f. Unearned Fees on June 30 are $1875
My confusion on the adjusted is where to put each item for debit and credit.
Can you please help me.
June 1 the following assets were received from Emily Page: cash $20000, A/R $4500, Supplies $2200, and Office Equipment $11500. When do I put these in the Trial Balance Sheet?
June 1 - paid 3 month rent on a lease contract $6000
June 2 Paid the premiums on porperty and casualty insurance policies $2400 do I split them into 2 different prepaid insurances or leave as one
June 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees $2700
June 5 Purchased additional office equipment on account from office depot co. $3500
June 6 Received cash from clients on account $3000
June 10 Paid cash for a newspaper advertisement $200
June 12 Paid Office Depot Co for part of the debit incurred on June 5 $750
June 12 Recorded services provided on account for the period June 1-12 $5100
June 14 Paid part time receptionist for 2 weeks salary $1100
June 17 Recorded cash from cash clients for fees earned during the period June 1-16 $6500
June 18 Paid cash for supplies $750
June 20 Recorded services provided on account for the period June 13-20 $3100
June 24 Recorded cash from cash clients for fees earned for the period June 17-24 $5150
June 26 Received cash from clients on account $6900
June 27 Paid part time receptionist for 2 weeks salary $1100
June 29 Paid telephone bill for June $150
June 30 Paid electricity bill for June $400
June 30 Recorded cash from cash clients for fees earned for the period June 25-30 $2500
June 30 Recorded services provided on account for the remainder of June $1000
June 30 Emily withdrew $5000 for personal use.
At the end of June the following adjustment data wer assembled.
a. Insurance expired during June is $200
b. Supplies on hand on June 30 are $650
c. Depreciation of office equipment for June is $250
d. Accrued receptionist salary on June 30 is $220
e. Rent expired during June is $2000
f. Unearned Fees on June 30 are $1875
My confusion on the adjusted is where to put each item for debit and credit.
Can you please help me.