Accounting Data
4/1: Jim invested $100,000 in cash and $50,000 in equipment in the company.
4/2: The company prepaid for insurance with $1,200 cash.
4/3: The company paid cash for rent totaling $1,200.
4/5: The company completed services for a client for cash totaling $8,000.
4/10: The company provided a service for $15,000 on account.
4/11: The company purchased equipment for $5,000 and supplies for $3,000 on account.
4/15: The company paid $1,500 cash for employee salaries.
4/24: The company paid $300 cash for utility bills.
4/28: The company paid dividends totaling $2,000 cash.
Adjusting entries completed on April 30
Insurance expired for the month of April.
An ending count determined that supplies totaled $2,600.
Wages of $3,000 were earned but not paid.
Services of $5,000 were earned but not billed.
Depreciation on the equipment is $500 per month.
Using the above data, complete the following:
Journal entries
Posting to T-accounts
Trial balance
Adjusting entries
Adjusting trial balance
Income statement
Statement of retained earnings
Balance sheet and closing entries
Post Closing Trial Balance
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