This paper circulates around the core theme of Prepare journal entries to record the December transactions in the General Journal Tab in the excel template file “Accounting Cycle Excel Template.xlsx”. Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid Insurance together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Prepare journal entries to record the December transactions in the
General Journal Tab in the excel template file “Accounting Cycle Excel
Template.xlsx”. Use the following accounts as appropriate: Cash,
Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated
Depreciation, Accounts Payable, Wages Payable, Common Stock, Retained
Earnings, Dividends, Service Revenue, Depreciation Expense, Wages
Expense, Supplies Expense, Rent Expense, and Insurance Expense.
1-Dec Began business by depositing $6000 in a bank account in the name of the company in exchange for
600 shares of $10 per share common stock.
1-Dec Paid the rent for the current month, $500 .
1-Dec Paid the premium on a one-year insurance policy, $480 .
1-Dec Purchased Equipment for $3600 cash.
5-Dec Purchased office supplies from XYZ Company on account, $300 .
15-Dec Provided services to customers for $5400 cash.
16-Dec Provided service to customers ABC Inc. on account, $2500 .
21-Dec Received $1500 cash from ABC Inc., customer on account.
23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 .
28-Dec Paid wages for the period December 1 through December 28, $4200 .
30-Dec Declared and paid dividend to stockholders $200 .
