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ACCOUNTING 1303 Special Project' r' /. - The following are transactions for Leticia's Bookkeeping Services for the month of August 2011. Invested...

I have an accounting project that I need to do were I have to prepare a worksheet, Journal, etc. Can someone please help me with this?

ACCOUNTING 1303 Special Project' r' - /.4.'. The following are transactions for Leticia's Bookkeeping Services for the month of August 2011. 1. Invested $12,500 into his new business. 2. Purchased office equipment for $5800 from Office Depot, paid on account. 3. Paid rent on her new office' of $1000 for the next 2 months. 4. Paid insurance on her equipment of $45 for the month of August. 5. Bought supplies of $400 from Walmart, they were paid cash. 6. BIlled his customers $4280 for services rendered, was paid casb. 7. Leticia took $400 for personal use. 8. Billed her customers $2100, received cash of $1200 and the balance to be paid in September. 9. Paid the light bill from CPL for $280; 10. Borrowed $4000 from IBC Banle. ~·1.Paid her employee, Mary Smith, for one week of wages. She is single, claims 2 allowances, earns $10/hour, gets paid overtime at time and a half, and worked 47 hours this week. ( do not calculate the company payroll expenses. END OF MONTH ADJUSTMENT INFORMATION a) supplies inventory at the end ofthe month = $165 ' b) Depreciation on the delivery equipment for one month = $96. c) Wages earned by employees, but not paid in July = $225. d) An advertising bill due to The Monitor is also due at the end of the month, but not paid = $300. REQUIRED: 1. RECORD ALL THE TRANSACTIONS IN A JOURNAL AND LEDGER. 2. PREPARE A WORKSHEET. 3. JOURNALIZE AND POST THE ADJUSTING ENTRIES. 4. JOURNALIZE AND POST THE CLOSING ENTRIES. 5. PREPARE AN INCOME STATEMENT AND BALANCE SHEET. 6. SHOW ALL THE CALCULATIONS FOR MARY'S PAYROLL EXPENSE. 7. PLEASE EXPLAIN THE DIFFERENCE BETWEEN ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE. 8. PLEASE EXPLAIN THE D{FFERENCE BETWEEN ASSETS AND LIABILITIES. \
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- TRIAL BALANCE ADJUSTMENTS ADJUST,ED TRIAL BAL. INCOME STATEMENT BALANCE SHEET DEBIT - CREDIT . DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT , CREDIT : I - , , , , I I I , , , , I
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Accounting-8224658.xls

Date
1)
2)
3)
4)
5)
6) Journal for the month of August 2011
Particulars
Cash
Capital Debit ($) Credit($) 12,500
12,500 Office Equipment
Accounts Payable 5,800 Prepaid Rent
Cash 1,000 Insurance of...

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