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As of December 1, 2016, Kel El decided to move to rented quarters and to operate a consulting business, which was to be known as KE Consulting, on a...
Utilities Expense
2. Post the journal to a ledger of four-column accounts.
3. How do i prepare a trial balance as of December 31, 2016, listing all the accounts in the order given in the ledger.
4. Journalize and post the adjusting entries. a. One month worth of Insurance expired. b. Supplies on hand on December 31 are $1,350. c. Depreciation of office equipment for December is $700. d. Accrued receptionist salary on December 31 is $90. e. Rent expired during December is $1,100. f. Unearned fees on December 31 are $2,600.
5. Prepare the adjusted trial balance.
6. How do i prepare an income statement, a statement of owner's equity, and a balance sheet.
7. Journalize and post the closing entries. (Income Summary is account #320 in the chart of accounts.) Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry.
8. How do I prepare a post-closing trial balance.
any help at all is much appreciated. i am so lost.
