For the past several years shane banovich has operated a

Reference no: EM13567102

For the past several years, Shane Banovich has operated a part-time consulting business from his home. As of October 1,2012 Shane decided to move to rented quarters and to operate business , which was to be known as Epic Consulting, on a full time basis. Epic consulting entered into the following transactions during October.

The following assets were received from Shane Banovich cash, $12000 accounts receivable $6000 supplies $1500 office equipment $9000. there were no liabilities received.

Paid three months rent on a lease rental contract $4800
Paid the premiums on property and casualty insurance policies $3000
received cash from clients as an advance payment for services to be provided and recorded it as unearned fees. $4000
Purchased additional office equipment on account from office station Co. $2000 Oct 6 Received cash from clients on account $3500
Paid cash for a newspaper advertisement $400 Oct 12 Paid office Station Co for part of the debt incurred on Oct,5 $1000
Recorded services provided on account for the period October 1-12 $6000
Paid part-time receptionist for two weeks salary $1000
Recorded cash from cash clients for fees earned during the period Oct. 1-17 $7500
Paid cash for supplies $750
Recorded services provided on account for the period Oct. 13-20 $5200
Recorded cash from cash clients for fees earned for the period Oct.17-24 $3700
Received cash from clients on accounts $5500
Paid part time receptionist for two week salary $1000
Paid telephone bill for October $250
Paid electricity bill for october $300
Recorded Cash from cash clients for fees earned for the the period october 25-31 $2800
Recorded services provided on account for the remainder of october $3000
Shane withdrew $8000 for personal use

Find the (Journal), (adjusted trial balance), (unadjusted trial balance), (Journal of adjusting entries),(Post closing trial balance), (Income statement), (statement of owners equity),( balance sheet) (post ending ledgers) (end of period spreadsheet)

Reference no: EM13567102

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