Recognize the importance of accounting ethics and interperso

Last updated: 10/11/2023

Recognize the importance of accounting ethics and interperso resolving accounting issues analyze record and report financial information for a service business using Interpret and apply Generally Accepted Accounting Principles GAAP to computerization Evaluate a complete accounting cycle including the analysis and recording process through post closing trial balance for a service business using computerization Directions Using the information below put the transactions in pro forma and complete the required journal entries posting and check your work with a trial balance Use this Word document OR the Excel template provided in Blackboard 10 transactions 5 pts each 20 general ledger postings 1 5 pts each and Trial Balance 20 pts total 12 Mar 1 Mar The owner of KJO Withholdings invested 75 000 cash into the company 2 Mar The company purchased 2 725 worth of supplies on account 5 Mar The company purchased equipment worth 5 700 on the account Paid 24 months of insurance in advance for 4 500 cash 15 Mar Received 8 525 cash for services rendered to WBR Inc 17 Mar The company billed D T Automotive 5 520 for services rendered 20 Mar Received a down payment of 3 570 cash for work to be performed next from WBR Inc 25 Mar The owner withdrew 2 000 for personal use