please check attachment files

Number1)

Prepare journal entries for the following transactions:

Jan 5 – owner invested the following : cash = 20000 $, computer = 6000$ and office furniture = 14000.

Jan 10) purchased office equipment worth 1800 $ and paid 600 $ in cash, the balance on account.

Jan 14) rendered services worth 9300$ and received 2000$ in cash, the balance on account.

Jan 18) wrote a check to pay the telephone bill for 500 $

Jan 20) paid employees salaries 1700 $ for the pay period.

Jan 25) made a 200$ partial payment on the office equipment purchased on jan 10

Jan 28) owner withdrew 1300 $ cash for personal use.

Jan 31) paid rent for the month, 3000$

1. Jan. 5 - Owner invested the following: Cash = $20,000.00 to start his business. Using the, the debit is to _____________ (Account Number).

2. an. 5 - Owner invested the following: Computer = $6,000.00 to start his business. Using the Chart of Accounts .the debit is to _____________ (Account Number).

3. Jan. 5 - Owner invested the following: Office Furniture = $14,000.00 to start his business. Using the Chart of Accounts, the debit is to _____________ (Account Number).

4. an. 5 - Owner invested the following: Cash = $20,000.00 to start his business. Using the Chart of Accounts, the credit is to _____________ (Account Number).

5. Jan. 10 - Purchased Office Equipment worth $1,800.00 and paid $600.00 in cash, the balance on account. Using the Chart of Accounts, the debit is to _________________ (Account Number).

6. Jan. 10 - Purchased Office Equipment worth $1,800, and paid $600.00 in cash, the balance on account. Using the Chart of Accounts, the $600.00 will be a credit to _____________ (Account Number).

7. Jan. 10 - Purchased Office Equipment worth $1,800, and paid $600.00 in cash, the balance on account. Using the Chart of Accounts, the balance is a credit to _____________ (Account Number).

8. Jan. 10 - Purchased Office Equipment worth $1,800, and paid $600.00 in cash, the balance on account. Using the Chart of Accounts, the balance credit is for the amount of _____________

9. Jan. 14 - Rendered services worth $9,300, and received $2,000.00 in Cash, the balance on account. Using the Chart of Accounts, the balance of $7,300.00 is a debit to _____________ (Account Number)

10. an. 14 - Rendered services worth $9,300.00, and received $2,000.00 in Cash, the balance on account. Using the Chart of Accounts, the $9,300.00 is a credit to _____________ (Account Number).

11. an. 18 – Wrote a check to pay the telephone bill for $500.00. Using the Chart of Accounts, the debit is to ____________ (Account Number)

12. Jan. 18 – Wrote a check to pay the telephone bill for $500.00. Using the Chart of Accounts, the credit is to ____________ (Account Number).

13. Jan. 20 - Paid employees salaries, $1,700.00 for the pay period. Using the Chart of Accounts, the debit is to ____________ (Account Number).

14. Jan. 20 - Paid employees salaries, $1,700.00 for the pay period. Using the Chart of Accounts, the credit is to ____________ (Account Number).

15. an. 25 - Made a $200.00 partial payment on the Office Equipment purchased on Jan. 10. Using the Chart of Accounts, the debit is to ____________ (Account Number).

16. Jan. 25 - Made a $200.00 partial payment on the Office Equipment purchased on Jan. 10. Using the Chart of Accounts, the credit is to ____________ (Account Number).

17. Jan. 28 - Owner withdrew $1,300.00 cash for personal use. Using the Chart of Accounts .the debit is to ____________ (Account Number).

18. Jan. 28 - Owner withdrew $1,300.00 cash for personal use. Using the Chart of Accounts, the credit is to ____________ (Account Number).’

19. Jan. 31 - Paid rent for the month, $3,000.00. Using the Chart of Accounts, the debit is to ____________ (Account Number).

20. Jan. 31 - Paid rent for the month, $3,000.00. Using the Chart of Accounts, the credit is to ____________ (Account Number).

NUMBER 2)

Prepare 1) profit &loss statement for the year ended Dec 31

2) Balance sheet as of Dec 31

XYZ COMPANY

TRIAL BALANCE

DEC 31

Office supplies $985

Prepaid rent $ 1200

Cash $ 5025

Unearned revenue $ 950

Accounts receivable $ 3850

Accounts payable $ 4500

Office furniture $ 6800

Utilities expense $ 600

Equipment $ 8700

Accumulated depreciation off,furn $ 234

Accumulated depreciation equipment $ 457

Notes payable-long term $ 10000

Depreciation expense $ 691

Wages payable $ 420

Professional fees $ 7500

Owner, drawing $ 200

Owner, capital ( beginning capital) $ 7765

Wages expense $ 2400

Rent expense $ 1000

Office supplies expense $ 375

1. Complete the Income Statement for the year ended, Dec. 31, (yr) in Problem #2 of the Practice Set. The total amount of the revenue is ________________ (Amount).

2. Complete the Income Statement for the year ended, Dec. 31, (yr) in Problem #2 of the Practice Set. The amount of total expenses is ________________ (Amount).

3. Complete the Income Statement for the year ended, Dec. 31, (yr) in Problem #2 of the Practice Set. The amount of net income or net loss is ________________ (Amount).

4. Complete the Income Statement for XYZ Company, for the year ended, Dec. 31, (yr) in Problem #2 of the Practice Set. The bottom line is a _____________ (net income or net loss).

5. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Assets section, the Total Current Assets is shown as _____________ (Amount)

6. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Assets section, the Total Fixed Assets is shown as _____________ (Amount)

7. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Assets section, the Total Assets is shown as _____________ (Amount).

8. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Liabilities section, the Total Current Liabilities is shown as _____________ (Amount).

9. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Liabilities section, the Total Long-Term Liabilities is shown as _____________ (Amount).

10. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Liabilities section, the Total Liabilities is shown as _____________ (Amount).

11. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. Under the Owner’s Equity section, the Total Owner’s Equity is shown as _____________ (Amount).

12. Complete the Balance Sheet for XYZ Company as of Dec, 31, (yr) in Problem # 2 of the Practice Set. The Total Liabilities and Owner’s Equity is shown as _____________ (Amount).

Number 3)

Prepare the year-end adjusting entries for 12/31

1. Employees are paid wages every Friday on a weekly pay period a total of 10000 $.Dec 31 fell on Thursday ,record the adjusting entry necessary.

2. An office equipment was purchased on jan 1 for 42000$ salvage value = 2000 $, life is 5 years, use straight line of depreciation.

3. The balance in office supplies account before adjustment is 1560 $ , the ending inventory of office supplies is 500 $

4. The balance in the prepaid insurance account before adjustment is 12000 $. The amount of insurance expired is 2000 $.

5. The balance of the unearned revenue account before adjustment is 8000 $ the normal balance at the end of year is 5000$.

1. Refer to Problem # 3 of the Practice Set; the adjusting entry # 1 is a debit to _______________ (Account Number).

2. Refer to Problem # 3 of the Practice Set. Employees are paid wages every Friday on a weekly pay period a total of $10,000.00. Dec. 31, (yr) fell on a Thursday. The adjusting entry is a debit to the amount of _______________ (Amount).

3. Refer to Problem # 3 of the Practice Set. Employees are paid wages every Friday on a weekly pay period a total of $10,000.00. Dec. 31, (yr) fell on a Thursday. The adjusting entry is a credit to _______________ (Account Number).

4. Refer to Problem # 3 of the Practice Set. Office equipment was purchased on Jan. 1, (yr) for$42,000.00, salvage value =  $2,000.00, life is 5 years. Use straight line method of depreciation. The adjusting entry is a debit to _______________ (Account Number).

5. Refer to Problem # 3 of the Practice Set. Office equipment was purchased on Jan. 1, (yr) for $42,000.00, salvage value = $2,000.00, life is 5 years. Use straight line method of depreciation. The adjusting entry is a credit to _______________ (Account Number)

6. Refer to Problem # 3 of the Practice Set. Office equipment was purchased on Jan. 1, (yr) for $42,000.00, salvage value = $2,000.00, life is 5 years. Use straight line method of depreciation. The amount of the adjusting entry is _______________ (Amount)

7. Refer to Problem # 3 of the Practice Set. The balance in the Office Supplies account before adjustment is $1,560.00. The ending inventory of Office Supplies is $500.00. The adjusting entry is a debit to _______________ (Account Number).

8. Refer to Problem # 3 of the Practice Set. The balance in the Office Supplies account before adjustment is $1,560.00. The ending inventory of Office Supplies is $500.00. The adjusting entry is a credit to _______________ (Account Number).

9. Refer to Problem # 3 of the Practice Set. The balance in the Office Supplies account before adjustment is $1,560.00. The ending inventory of Office Supplies is  $500.00. The amount of the adjusting entry is _______________ (Amount).

10. The balance in the Prepaid Insurance account before adjustment is $12,000.00. The amount of insurance expired is $2,000.00.The adjusting entry is a debit to ______________ (Account Number).

11. The balance in the Prepaid Insurance account before adjustment is $12,000.00. The amount of insurance expired is $2,000.00.The adjusting entry is a credit to ______________ (Account Number).

12. The balance in the Prepaid Insurance account before adjustment is $12,000.00. The amount of insurance expired is $2,000.00.The amount of the adjusting entry is ______________ (Amount).

13. The balance of the Unearned Revenue account before adjustment is $8,000.00. The normal balance at the end of the year is $5,000.00. The adjusting entry is a debit to ______________ (Account Number).

14. The balance of the Unearned Revenue account before adjustment is $8,000.00. The normal balance at the end of the year is $5,000.00. The adjusting entry is a credit to ______________ (Account Number).

15. The balance of the Unearned Revenue account before adjustment is $8,000.00. The normal balance at the end of the year is $5,000.00. The amount of the adjusting entry is ______________ (Amount).

NUMBER 4)

On july 1 FGH company established a 800 petty cash fund, on july 31 the petty cash fund contained the following :

Petty cash vouchers for :

Stamps $ 148

Office supplies $ 250

Owner,draw $ 200

Gas & oil – auto $ 96

Cash on hand $ 90

1. Prepare the journal entry to established the petty cash fund on july 1

2. Prepare the journal entry to replenish the petty cash fund on july 31

3. Assume that FGH company decided to increase the petty cash fund to 1000$ on july 31,prepare the necessary journal entry.

1. Refer to Problem # 4 of the Practice Set. The journal entry to establish the Petty Cash Fund on July 1 is a debit to ____________ (Account Number).

2. Refer to Problem # 4 of the Practice Set. The journal entry to establish the Petty Cash Fund on July 1 is a credit to ____________ (Account Number).

3. Refer to Problem # 4, requirement 2 of the Practice Set. The debit amount of $148 is to _____________ (Account Number).

4. Refer to Problem # 4, requirement 2 of the Practice Set. The debit amount of $250 is to _____________ (Account Number).

5. Refer to Problem # 4, requirement 2 of the Practice Set. The debit amount of $200 is to _____________ (Account Number).

6. Refer to Problem # 4, requirement 2 of the Practice Set. The debit amount of $96 is to _____________ (Account Number).

7. Refer to Problem # 4, requirement 2 of the Practice Set. The credit is to _____________ (Account Number).

8. Refer to Problem # 4, requirement 2 of the Practice Set. The credit amount to replenish the Petty Cash is _____________ (Amount).

9. Refer to Problem # 4, requirement 2 of the Practice Set. The amount of $90 Cash on Hand will not be recorded. True / False

10. Refer to Problem # 4, requirement 3 of the Practice Set. The debit is to _____________ (Account Number).

11. Refer to Problem # 4, requirement 3 of the Practice Set. The credit is to _____________ (Account Number).

12. Refer to Problem # 4, requirement 3 of the Practice Set. The credit amount is _____________ (Amount).

NUMBER 5)

From following data gathered for ABC company you are to prepare a bank reconciliation report as agust 31. Record the necessary journal entries with expplanations after cash account has been reconciled.

1. The cash general ledger balance on agust 31 = 3200 $

2. The bank statement balance on agust 31 = 4000 $

3. EFT deposit of 900 $ on the bank statement represents rent due from tenant.

4. Check # 103 for 205$,check # 104 for 120 $. Check 106 # for 200 $ were not among the cancelled chcks returned with the statement.

5. The bank statement include NSF for 460 $ written by customer.ralph Stephan in payment of an account.

6. The bank statement showed 20 $ check order chargers and 10 $ service chargers.

7. The accountant wrote a check for 500 $ but erroneously entered in the books as 5000 $ made payable to the landlord for rent.

8. Deposits of 3258 $ on agust 30 and 1150 $ on agust 31 did not appear in the bank statement.

9. Included with the bank statement a cancelled check from ABZ company for 200 $ which was deducted from ABC company.

1. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the ending Bank balance is _____________ (Amount).

2. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the ending Book balance is _____________ (Amount).

3. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the total amount of deposits in transit is _____________ (Amount).

4. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the total amount of outstanding checks is _____________ (Amount).

5. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the Reconciled Bank Balance is _____________ (Amount).

6. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the $900.00 EFT deposit will be added to the balance amount of _____________ (Amount).

7. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the total subtraction amount from the total book balance to arrive at the reconciled book balance is _____________ (Amount).

8. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the accountant’s error in writing the rent check will be:
   

a) Added to the Book Balance

b) Subtracted from the Book Balance

c) Added to the Bank Balance

d) Subtracted from the Bank Balance

1. Refer to Problem # 5 of the Practice Set. In completing the Bank Reconciliation for ABC Company as of Aug. 31 (yr), the $20.00 on information (f) will be:

1. Added to the Book Balance

2. Subtracted from the Book Balance

3. Added to the Bank Balance

4. Subtracted from the Bank Balance

1. Refer to Problem # 5, the journal entry required for the $900.00 will be a debit to _______________ (Account Number).

2. Refer to Problem # 5, the journal entry required for the book error in writing the rent check is a debit to ______________ (Account Number).

3. Refer to Problem # 5, the journal entry required for the book error in writing the rent check is a credit to ______________ (Account Number).

4. Refer to Problem # 5, the journal entry for the $460.00 is a debit to ________________ (Account Number).

5. Refer to Problem # 5, the journal entry for the $460.00 is a credit to ________________ (Account Number).

6. Refer to Problem # 5, the journal entry for the $10.00 is a debit to ________________ (Account Number).

7. Refer to Problem # 5, the journal entry for the $10.00 is a credit to ________________ (Account Number).