Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Joan miller advertising agency

29/12/2020 Client: saad24vbs Deadline: 3 days

This comprehensive problem involving the Joan Miller Advertising Agency covers all the learning objectives in this chapter and in the chapters on measuring business transactions and measuring business income. To complete the problem, you may sometimes have to refer to this material.


The July 31, 20xx, post-closing trial balance for the Joan Miller Advertising Agency appears on the facing page. During August, the agency engaged in these transactions:


Joan Miller Advertising Agency


Post-Closing Trial Balance


July 31, 20xx


Cash $ 9,140


Accounts Receivable 5,000


Art Supplies 1,300


Office Supplies 600


Prepaid Rent 800


Prepaid Insurance 880


Art Equipment 4200


Accumulated Depreciation, Art. 70 Office Equipment 3,000


Accumulated Depreciation, Office. 50


Accounts Payable 3,240


Unearned Art Fees 600


Wages Payable 360


Joan Miller, Capital 20,600


                                   $24920. $24920












Aug. 1 Received an additional investment of cash from Joan Miller, $6,300.


2 Purchased additional office equipment with cash, $1,200.


5 Received art equipment transferred to the business from Joan Miller, $1,400.


6 Purchased additional office supplies with cash, $90.


7 Purchased additional art supplies on credit from Taylor Supply Company,


$450.


8 Completed the series of advertisements for Marsh Tire Company that began on July 31(see page 103) and billed Marsh Tire Company for the total services performed, including the accrued revenues (fees receivable) that had been recognized in an adjusting entry in July, $800.


9 Paid the secretary for two weeks' wages, $1,200.


12 Paid the amount due to Morgan Equipment for the office equipment purchased last month, $1,500.


13 Accepted an advance in cash for artwork to be done for another agency,


$1,600.


14 Purchased a copier (office equipment) from Morgan Equipment for $2,100, paying $350 in cash and agreeing to pay the rest in equal payments over the next five months.


15 Performed advertising services and received a cash fee, $1,450.


16 Received payment on account from Ward Department Stores for services performed last month 2,800


Aug. 19 Paid amount due for the telephone bill that was received and recorded at the end of July, $140.


20 Performed advertising services for Ward Department Stores and agreed to accept payment next month, $3,200.


21 Performed art services for cash, $580.


22 Received and paid the utility bill for August, $220.


23 Paid the secretary for two weeks' wages, $1,200.


26 Paid the rent for September in advance, $800.


27 Received the telephone bill for August, which is to be paid next month, $160.


30 Paid cash to Joan Miller as a withdrawal for personal expenses, $1,400.






REQUIRED ~ 1. Record entries in journal form and post to the ledger accounts the optional reversing entries on August 1 for Wages Payable and Accounts Receivable (see Adjustment g on page 101 and Adjustment i on page 103)(Begin the general journal on page 5) .


2. Record the transactions for August in journal form.


3. Post the August transactions to the ledger accounts.


4. Prepare a trial balance in the Trial Balance columns of a work sheet.


5. Prepare adjusting entries and complete the work sheet using the information below:


a. One month's prepaid rent has expired, $800.


b. One month's prepaid insurance has expired, $80.


c. An inventory of art supplies reveals $600 still on hand on August 31.


d. An inventory of office supplies reveals $410 still on hand on August 31.


e. Depreciation on art equipment for August is calculated to be $100.


£ Depredation on office equipment for August is calculated to be $100.


g. Art services performed for which payment had been received in advance totaled $1,300.


h. Advertising services performed that Will not be billed until. September total $290.


i. Three days' wages had accrued by the end of August (assume a five-day week).


6. From the work sheet prepare an income statement, a statement of owner's equity and a balance sheet.


7. Record the adjusting entries in journal form, and post them to the ledger accounts.


8. Record the closing entries in journal form, and post them to the ledger accounts.


9. Prepare a post-closing trial balance.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Best Coursework Help
Homework Guru
University Coursework Help
Helping Hand
Writer Writer Name Offer Chat
Best Coursework Help

ONLINE

Best Coursework Help

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$75 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$77 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$77 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$75 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Literature Evaluation Table (Fall prevention strategies in hospitals.) - Best fermented plant extracts - Tom stewart harvard business review - Information - Access - Residential parking permit sydney - List all essential equipment and utensils - Palo alto single pass - Capsim tutor - Staff performance evaluation checklist - Question : Assignment - When managers pursue a multidomestic strategy, they most likely use a _________________ strategy. - Write five pages argumental analyst essay about the movie UP - Visualization training is vital because it __________ - Aon hewitt setup configuration specialist interview questions - Why are establishing shots particularly important for continuity editing? - Do my finance homework - Bluffton pharmacy case study - Size of a2 paper in cm - P1v1 t1 p2v2 t2 - Standard english conventions practice - Tukey's hinges or weighted average - Where to find wacc on factset - Arema manual for railway engineering - Riverbed opnet academic edition - Old testament survey notes hindson - Preoperative phase nursing care - Fitrep bullets accomplishments examples - +971561686603 Abortion pills in Dubai/Abu Dhabi-mifepristone & misoprostol in DUBAI - Sketch within a cubic unit cell the following planes - Two equivalent fractions for 8 12 - Marinco plug wiring instructions - Nrich watch the clock - Scholarship Thank you letter - VERY URGENT NEED in NEXT 2-3 hour - Both rdp and tq share the idea that - Shipper's export declaration fedex - Www macmillanenglish com inspiration 3 - Discussion - Interprofessional Organizational and Systems Leadership - Ann tayler children's centre - Reread this sentence from the letter from birmingham jail - Cowdroy exposed 90 price - Shopping positivecoach org courses double goal coach - Need 600+ words with no plagiarism - Gene denby - The economizing problem for society is - Net income preferred dividends average stockholders equity - Ofdm channels docsis 3.1 - Mrs beech chiropodist swaffham - Physics assignment - She wet like the ocean pull out the trojan - Flat stanley letter to parents - Medication Errors Led to Disastrous Outcomes - Daniel gilbert reporting live from tomorrow - Team meals for away games - Cftc interim compliant identifier - St martin's guide to writing 11th edition - Sioux chief hammer arrestor spec - EP WK1 - Connected mcgraw hill school c3p0 - Researching Database Solutions - Informatics and nursing sewell pdf - Carol ann duffy childhood - Nahco3 hcl net ionic equation - 2620 kj in calories - Sex linked traits worksheet hemophilia - Jo horgan net worth - Repco valve spring compressor - Bellway the works eccles - Zo riley's cafe waratah - Visual aid speech outline - Haymes deep brunswick green - Catholic prayer oh my god i am heartily sorry - Cooey serial number lookup - Shoaib akhtar car collection - How do submarines float or sink as desired - Employment Law - Unit 2 interim assessment answer key - Practice marketing simulation - This land is mine - Customer service request analysis python project - Discussion Question(MK) - Accu chek control solution expiration - Medical tourism examples in the philippines - Walnut tree health centre - Cbus super fund fees - Heart of the father chords - Casio fx 9860gii differentiation - Zoot suit vamos a bailar - Doug wade insurance consultant - The birdie golf hybrid golf merger - Phở sắc st albans - How to use a bunsen burner - 5 5 linear automobile depreciation answers - What is the fundamental niche of chthamalus - Discussion ITMCS - Trade support loan eligibility - White light spectrum worksheet answers - Experiment 1 observation of mitosis in a plant cell - Science write up template