Accounts

The unadjusted tribulation counterpoise that you speedy for PS Still n ess at the end of Provision 2 should answer as follows:

PS Music

UNADJUSTED TRIAL BALANCE

July 31, 2016

ACCOUNT TITLEDEBITCREDIT
1Cash9,945.00
2Accounts Receivable2,750.00
3Supplies1,020.00
4Prepaid Insurance2,700.00
5Office Equipment7,500.00
6Accounts Payable8,350.00
7Unearned Revenue7,200.00
8Common Stock9,000.00
9Dividends1,750.00
10Fees Earned16,200.00
11Wages Expense2,800.00
12Office Laceration Expense2,550.00
13Equipment Laceration Expense1,375.00
14Utilities Expense1,215.00
15Music Expense3,610.00
16Advertising Expense1,500.00
17Supplies Expense180.00
18Miscellaneous Expense1,855.00
19Totals40,750.0040,750.00

The axioms demanded to particularize compromises are as follows:

During July, PS Still n ess supposing visitor disc jockeys for KXMD for a sum of 115 hours. Since the community barely pinched for 80 hours per month, bring-about an adjusting memorandum to accrue the affixed 35 hours of use. NOTE: The unearned fruits representation accomplish not be forced in this compromise. For knowledge on the quantity of the accrued fruits to be reckoninged to KXMD, see the compress vivid in the July 3, 2016, business at the end of Provision 2.*
Supplies on laborer at July 31, $275.
The counterpoise of the prepaid prophylactic representation relates to the July 1, 2016, business at the end of Provision 2.*
Depreciation of the standing equipment is $50.
The counterpoise of the unearned fruits representation relates to the compress among PS Still n ess and KXMD, vivid in the July 3, 2016, business at the end of Provision 2.*
Accrued compensation as of July 31, 2016, were $140. *The provision 2 roll of businesss are intervening in a disjoined panel of this amount for your retirement.
1.Prepare adjusting life entries on page 3 of the life. (Please voicelessness that pages 1 and 2 pretext the businesss that were narrative in Stable Amount 2 from provision 2.) Refer to the Chart of Accounts for proper wording of representation titles. Voicelessness that Chart of Accounts has the subjoined affixed representations: 18 Accumulated Depreciation-Office Equipment; 22 Compensation Payable; 57 Prophylactic Expense; 58 Depreciation Expense.
2.Post the adjusting entries, inserting counterpoises in the representations forced. Do not penetrate everything in the Item column. Indicate a nothing counterpoise by inserting a 0 (zero) in either of the Counterpoise columns repugnant the adjusting memorandum.
3.Prepare an adjusted tribulation counterpoise.

Chapter 2 businesss:

Jul.1Peyton Smith made an affixed bombardment in PS Still n ess in change for beggarly hoard by depositing $5,000 in PS Music’s checking representation.
1Instead of stable to distribute standing boundlessness after a while a national actual lands production, Peyton unwavering to laceration standing boundlessness neighboring a national still n ess accumulation. Paid laceration for July, $1,750.
1Paid a enhancement of $2,700 for a all prophylactic system covering obligation, stealing, and fire. The system covers a one-year epoch.
2Received $1,000 on representation.
3On interest of PS Music, Peyton identified a compress after a while a national radio standing, KXMD, to cater visitor spots for the next three months. The compress requires PS Still n ess to cater a visitor disc jockey for 80 hours per month for a monthly fee of $3,600. Any affixed hours more 80 accomplish be reckoninged to KXMD at $40 per hour. In harmony after a while the compress, Peyton common $7,200 from KXMD as an measure reimbursement for the leading two months.
3Paid $250 on representation.
4Paid an counsel $900 for reviewing the July 3 compress after a while KXMD. (Record as Miscellaneous Expense.)
5Purchased standing equipment on representation from Standing Mart, $7,500.
8Paid for a newspaper publishment, $200.
11Received $1,000 for serving as a disc jockey for a policy.
13Paid $700 to a national audio electronics accumulation for lacerational of digital recording equipment.
14Paid compensation of $1,200 to admittanceist and part-time auxiliary.
16Received $2,000 for serving as a disc jockey for a nuptials admittance.
18Purchased victuals on representation, $850.
21Paid $620 to Upload Still n ess for use of its curlaceration still n ess demos in making multiform still n ess sets.
22Paid $800 to a national radio standing to publish the uses of PS Still n ess twice daily for the leavings of July.
23Served as disc jockey for a policy for $2,500. Common $750, after a while the leavings due August 4, 2016.
27Paid electric reckoning, $915.
28Paid compensation of $1,200 to admittanceist and part-time auxiliary.
29Paid miscellaneous prices, $540.
30Served as a disc jockey for a charity sphere for $1,500. Common $500, after a while the leavings due on August 9, 2016.
31Received $3,000 for serving as a disc jockey for a policy.
31Paid $1,400 royalties (still n ess price) to National Still n ess Clearing for use of multiform artists’ still n ess during July.
31Paid dividends, $1,250.

X

Chart of Accounts

CHART OF ACCOUNTS
PS Music
General Ledger
ASSETS 11 Cash 12 Accounts Receivable 14 Victuals 15 Prepaid Prophylactic 17 Standing Equipment 18 Accumulated Depreciation-Office Equipment LIABILITIES 21 Accounts Payable 22 Compensation Payable 23 Unearned Fruits EQUITY 31 Beggarly Hoard 33 DividendsREVENUE 41 Fees Earned EXPENSES 50 Compensation Price 51 Standing Laceration Price 52 Equipment Laceration Price 53 Utilities Price 54 Still n ess Price 55 Advertising Price 56 Victuals Price 57 Prophylactic Price 58 Depreciation Price 59 Miscellaneous Expense

Journal:

1. Prepare adjusting life entries. (Please voicelessness that pages 1 and 2 pretext the businesss that were narrative in Stable Amount 2 from provision 2.) Refer to the Chart of Accounts for proper wording of representation titles. Voicelessness that Chart of Accounts has the subjoined affixed representations: 18 Accumulated Depreciation-Office Equipment; 22 Compensation Payable; 57 Prophylactic Expense; 58 Depreciation Expense.

Journal is set up after a while the subjoined columns:

Date:                  Description:                  Post Ref:                Debit           Credit

I demand page 3 set up barely, (adjusting entries), as pages one and two are manufactured.

3. Prepare an adjusted tribulation counterpoise.

PS Music

ADJUSTED TRIAL BALANCE

July 31, 2016

ACCOUNT TITLEDEBITCREDIT
1Cash
2Accounts Receivable
3Supplies
4Prepaid Insurance
5Office Equipment
6Accumulated Depreciation-Office Equipment
7Accounts Payable
8Wages Payable
9Unearned Revenue
10Common Stock
11Dividends
12Fees Earned
13Wages Expense
14Office Laceration Expense
15Equipment Laceration Expense
16Utilities Expense
17Music Expense
18Advertising Expense
19Supplies Expense
20Insurance Expense
21Depreciation Expense
22Miscellaneous Expense
23Totals
Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency