kindly, check the attached file, it has 2 questions needed to be done
On January 1, 2016, Mubarak starts a new computer programming centre which he names
Microsoft. During the first month of operations, the following transactions occurred:
1- Invested $275,000 in cash in the business.
2- Purchased equipment for 95,000, paying $35,000 in cash and signing a note payable for the
3- Paid $3,500 cash for January rent.
4- Received a bill from Sky News for advertising amounted to $850.
5- Provided programming services for $25,250 cash.
6- Paid $5,525 cash for January utilities.
7- Paid $500 cash for salaries.
8- Mubarak made an additional investment in the business amounted to $115,500.
9- Mubarak withdrew $2,500 cash for personal use.
10- Purchased supplies on account for $50,000.
a. Prepare journal entries for the above transactions.
b. Post to the ledger.
c. Prepare the trial balance.
Sky Advertising Agency
April 30, 2016
Unearned Service Revenue
1. Supplies of $2,000 are used on April.
2. Depreciation for the month $500.
3. Accrued salaries on April 30 are $4,000.
4. Services performed but not recorded on April 30 are $1,000.
5. Expired insurance for April are $250.
6. Services related to unearned service revenue in April worth $1,500 were provided.
a. Prepare the adjusting entries on April 30, 2016.
b. Prepare the adjusted trial balance.
c. Prepare the financial statements on April 30, 2016.
This question was answered on: Oct 07, 2020
Buy this answer for only: $15
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Oct 07, 2020EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.