PLEASE DO NOT ANSWER GIVE ME THE ANSWER THE FOR SEPTEMBER, I HAVE THAT ALREADY!
ID: 2401014 • Letter: P
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PLEASE DO NOT ANSWER GIVE ME THE ANSWER THE FOR SEPTEMBER, I HAVE THAT ALREADY! September 1, 201X: James Sousa invested $12,000 cash in the real estate agency along with $5,000 of office equipment. Sept.: Rented and paid 5 months' rent in advance to Murray Property Management, $1,000. Sept. : Bought an automobile on account from Hyundai North, $19,000. Sept. 4: Purchased office supplies from Paper Company, for cash, S600. Sept. 5: Purchased additional office supplies from Paper Company, on account, $250. Sept. 6: Sold a house to Brendan Hue and collected a $11,000 commission. Sept. 8: Paid gas bill to Haffner Gas Co., S45. Sept. 15: Paid Rosie Petrillo, office secretary, S300. Sept. 17: Sold a building lot to Tropic Developers and earned a commission, S10,000; payment to be received on October 8. Sept. 20: James Sousa withdrew $4,000 from the business to pay personal expenses Sept. 21: Sold a house to Suzanne Horngam and collected a $7,000 commission. Sept. 22: Paid gas bil, S80, to Haffner Gas Co. Sept. 24: Paid Hyundai North $800 to repair automobile. Sept. 30: Paid Rosie Petrillo, office secretary, S300. Sept. 30: paid Comcast September telephone bill, S330 Sept. 30: Received advertising bill for September, S900, from Chicago Times. The bill is to be paid on October 2. 1. Journalize transactions and post to ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjustment data: a) One month's rent had expired. b) An inventory shows $100 of office supplies remaining. c Depreciation on office equipment, S160. d) Depreciation on automobile, $210. 3. Prepare a Septmeber income statement, statement of owner's equity, and balance sheet 4. From the worksheet, journalize, and post adjusting and closing entrics (p. 3 of journal). 5. Prepare a post-closing trial balance.I posted the first half of the question on a previous post and the expert wanted me to post the second halfExplanation / Answer
October Journal Entries
Supplies on Hand a/c Dr.
To Accounts Payables
850
850
Advertisement a/c Dr.
To Cash
900
900
Cash a/c Dr.
To Commision
7300
7300
Haffner Gas Co. a/c Dr.
To cash
29
29
Cash a/c Dr.
To Commission
10,000
10,000
Long Realtors Assosiation a/c Dr.
To Cash
530
530
Salary & Wages a/c Dr.
To cash
300
300
Account receivables a/c Dr.
To Commision
2900
2900
Cash a/c Dr.
To Commision
4500
4500
Charity a/c Dr.
To Bank
65
65
Repairs a/c Dr.
To cash
620
620
Drawings a/c Dr.
To Cash / Inventory
2200
2200
Salary & wages a/c Dr.
To cash
300
300
Telephone Bill a/c Dr.
To cash
480
480
Advertisment a/c Dr.
To Account payables
1300
1300
Journal EntriesSupplies on Hand a/c Dr.
To Accounts Payables
850
850
Advertisement a/c Dr.
To Cash
900
900
Cash a/c Dr.
To Commision
7300
7300
Haffner Gas Co. a/c Dr.
To cash
29
29
Cash a/c Dr.
To Commission
10,000
10,000
Long Realtors Assosiation a/c Dr.
To Cash
530
530
Salary & Wages a/c Dr.
To cash
300
300
Account receivables a/c Dr.
To Commision
2900
2900
Cash a/c Dr.
To Commision
4500
4500
Charity a/c Dr.
To Bank
65
65
Repairs a/c Dr.
To cash
620
620
Drawings a/c Dr.
To Cash / Inventory
2200
2200
Salary & wages a/c Dr.
To cash
300
300
Telephone Bill a/c Dr.
To cash
480
480
Advertisment a/c Dr.
To Account payables
1300
1300
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