Reference no: EM133591790

Adjustment:

Insurance expired during July 31,$200.
Laundry supply On hand on July 31, $2000.
Depreciation of automobile on July 31, $1,500.

Instruction:
a. Journalizing adjusting entry.
h. Prepare completed worksheet.
c. Close temporary account.
d. Prepare post-trial balance.

Problem

A given below list of selected transaction performed by John Decor during the month of september2012 the first operation.

September 1. Mr. John transferred $10,000 cash from his personal account to be used in the business.

2. The business paid rent for September $500.
3. The business purchased equipment on account $20,400.
4. The business purchased a truck for $12,000 by paying $3,000 cash and giving a notes pa) all for the balance.
5. The business purchased supplies on account $2,400.
6. The business paid insurance premium of 3,600.
7. The business received cash for services completed $30,600.
8. The business purchased supplies on account $1,400.
9. The business paid its liabilities for the purchase of equipment 1,400.
10. The business recorded sales on account $2,080.
11. The business received invoice for truck expense $1,150.
The business paid utilities expense $2000
12. The business received cash from customer on account $1,420.
The business paid salaries to employees $950.
13. The owns withdrew $1,700 for personal use.