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(Solved): Comprehensive Problem 1 . Part 2 and Part 3 : The folsowing is a comprehensive problem which encomp ...




Comprehensive Problem 1 .
Part 2 and Part 3 :
The folsowing is a comprehensive problem which encompasses all of the elements
May 5: Recelved cash from clients on account, \( \$ 2,450 \).
May 9: Paid cash for a newspaper advertisement, \( \$ 225 \).
M
May 16: Paid part-time receptionist for two weeks salary including the amount owed on April \( 30, \$ 75 \)
May 17: Recorded
May 27: Received cash from clients on account, \( \$ 9,520 \).
May 28: Paid part-time receptionist for two weeks salary, \(
May 31: Recorded cash from cash clients for fees earned for the period May \( 26-31, \$ 3,300 \).
May 31: Recorded services p
Comprehensive Problem 1 . Part 2 and Part 3 : The folsowing is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for esci chipter covered a review of the concepts. Note: You must complete part 1 before completing parts 2 and 3 , Part 2: Using the attached spreadsheet, post the foumal entries from part 1 to a ledger of four-column accounts. Part 31 Prepare an unadjusted trial balance. If an amount box does not reciire an entry, leave it blank. May 5: Recelved cash from clients on account, \( \$ 2,450 \). May 9: Paid cash for a newspaper advertisement, \( \$ 225 \). May 13: Paid Office Station Co. for part of the debt incurred on April 5, \( \$ 640 \). May 15: Recorded services provided on account for the period May \( 1-15, \$ 9,180 \). May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April \( 30, \$ 75 \) May 17: Recorded cash from cash clients for fees earnéd during the period May \( 1-16, \$ 8,360 \). May 20: Purchased supplies on account, \( \$ 735 \). May 21: Recorded services provided on account for the period May \( 16-20, \$ 4,820 \). May 27: Received cash from clients on account, \( \$ 9,520 \). May 28: Paid part-time receptionist for two weeks' salary, \( \$ 750 \). May 30: Paid telephone bill for May, \( \$ 260 \). May 31: Paid electricity bill for May, \( \$ 810 \). May 31: Recorded cash from cash clients for fees earned for the period May \( 26-31, \$ 3,300 \). May 31: Recorded services provided on account for the remainder of May, \( \$ 2,650 \). May 31: Paid dividends, \( \$ 10,500 \).


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15,620 answers Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 44,195 $Â Â Â Â Â Â 44,195 $ 44,195 Accounts receivable 8,080 $Â Â Â Â Â
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