Accounts Receivable and Joan Miller

Sub: Finance Topic: Register Entries Question: Posting Register entries into a worksheet ClassOf provides apt control to College, Graduate, and High train wards on homework and assignment quantitys in Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and multifarious other subjects. The aftercited are the balances in the completionitys for Joan Miller Advertising Exercise as of January 31, 2001: Currency Accounts Receivable Fees Receivable Art Preparation Employment Preparation Precompensated Rupture Precompensated Security Art Equipment Accumulated Depreciation, Art eq. Employment Equipment Accumulated Depreciation – Employment Eq. During the month of February, the exercise intent in the aftercited transactions: Feb. 1 Common an affixed siege of currency from Joan Miller, $6,000 www. classof1. com *The Homework solutions from ClassOf1 are intentional to acceleration the ward learn the admission to solving the quantity and not for submitting the similar in lieu of your academic submissions for grades. Sub: Finance Topic: Register Entries Feb. 2 Purchased affixed employment equipment delay currency, $800. Feb. 5 Common art equipment epidemic to the trade from Joan Miller, $1,400. Feb. 6 Purchased affixed employment preparation delay currency, $80 Feb. 7 Purchased affixed art preparation on faith from Taylor Supply Company, $500. Feb. 8 Completed the succession of advertisements for Marsh Tire Company that began on January 31 and jawed Marsh Tire Company for the entirety services manufactured, including the accrued revenues that had been formal in January of $200 (see fees receivable). The entirety jaw is $800. Feb. 9 Compensated the secretary for two weeks’ salary, $600. Feb. 12 Compensated the whole due to Morgan Equipment for the employment equipment purchased conclusive month $1,500 Feb. 13 Not spurious an pace fee in currency for artwork to be done for another exercise, $1,800. Feb. 14 Purchased a copier from Morgan Equipment for $2,100 paying $250 in currency and consentaneous to pay the quiet in resembling liquidations aggravate the contiguous five months. Feb. 15 Manufactured advertising services and not spurious a currency fee, $1,050. Feb. 16 Common liquidation on completionity from Ward Department Stores for services manufactured conclusive month, $2,800 Feb. 9 Compensated whole due for the telephone jaw that was common and chronicled at the end of January, $70. 20. Feb. 20 Manufactured advertising services for Ward Department Stores and agreed to confirm liquidation contiguous month $3,200. Feb. 21 Manufactured art services for a currency fee, $580 Feb. 22 Common and compensated the profit jaw for February, $110. Compensated the secretary for two weeks’ salary, $600. www. classof1. com *The Homework solutions from ClassOf1 are intentional to acceleration the ward learn the admission to solving the quantity and not for submitting the similar in lieu of your academic submissions for grades. Sub: Finance Topic: Register Entries Feb. 26 Compensated the rupture for March in pace, $400. Feb. 27 Common the telephone jaw for February, which is to be compensated contiguous month, $80. Feb. 28 Compensated out currency to Joan Miller as a delaydrawal for idiosyncratic foundation expenses, $1,400. At the end of February, adjustments are made for the aftercited: a. b. c. d. e. f. g. h. i. One month’s precompensated rupture has expired. One month’s precompensated security has expired, $40. An list of art preparation reveals $720 of preparation are quiescent on artisan on February 28 th. An list of employment preparation reveals $300 in employment preparation keep been used in February. Depreciation on the Art equipment for February is congenial to be $90. Depreciation on the Employment equipment for February is congenial to be $100. Art services manufactured for which liquidation has been common in pace entirety, $1,400 Advertising services manufactured that conquer not be jawed until March entirety $340. Three days’ price of secretarial salary had accrued by the end of February. Required: Prepare the open register entries or invade into a worksheet the transactions completed in February 2001 Solution: Joan Miller Advertising Exercise Worksheet Trial Balance Transactions 1/31/2001 Name of the Totality Debit Currency $1,720 Accounts Receivable Fees Receivable Art Preparation Faith 2800 200 1300 February Debit $12,23 0 3400 Trial Balance 2/28/2001 (Unadjusted) Faith Debit $5,810 $8,140 2800 200 Faith $3,400 $0 $1,300 www. classof1. com *The Homework solutions from ClassOf1 are intentional to acceleration the ward learn the admission to solving the quantity and not for submitting the similar in lieu of your academic submissions for grades. Sub: Finance Topic: Register Entries Employment Preparation Precompensated Rupture Precompensated Security Art Equipment Accumulated Depreciation, Art Eq. Employment Equipment Accumulated Depreciation, Employment Eq. ** End of the Solution ** ClassOf1 provides apt control to College, Graduate, and High train wards on homework and assignment quantitys in Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and multifarious other subjects. The Homework solutions from ClassOf1 are intentional to acceleration the ward learn the admission to solving the quantity and not for submitting the similar in lieu of your academic submissions for grades.