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"The password to the attached excel file is: 2310 (please fill answers in excel file, or your own exact excel file) Adjusting entries: A1-she used
"The password to the attached excel file is: 2310 (please fill answers in excel file, or your own exact excel file)Adjusting entries: A1-she used 2/3 of the supplies by the end of the monthA2- depreciation on the grooming equipment:$450Instructions:A. record the journal entries.B. Set up necessary T-account and post the journal entriesC. Prepare a trial balance for the period ended January 31, 2010D. Prepare an income statement for the period January 2010.E prepare a statement of retained earnings for the period January 2010.F. prepare a balance sheet as of January 31 ,2010Jan. 5. Jane deposited $ 15,000 in her business checking account. This is her initial investment in the business.Jan. 7. Jane purchased flower grooming equipment for $4,500. She paid $2,000 as a down payment and signed a note to pay the balance in two payments.Jan. 10. Jane purchased a computer system for $2,500, cash.Jan. 12. She sold flowers to a wedding ceremony in the amount of $4,500, but she had to bill them. The invoice was to be paid by February, 2010.Jan. 15. Jane purchased office supplies in the amount of $1,500. Jan. 20. She received ½ of what she billed for flowers for the wedding ceremonyon Jan. 12th.Jan. 22. She withdrew $2,000. for her personal use.Jan. 25. She decided to pay one payment that she owed on her equipment purchase on Jan. 7th.Jan. 31. Jane hired an assistant and paid the wages by the end of the monthin the amount of $1,500.Jan 31. She had a total of $25,000 in cash sales for the month.Adjusting entries – A1 - she used 2/3 of the supplies by the end of the month, A2 – depreciation on the grooming equipment - $450."
