Reference no: EM13339330
Part -1:
Ben Cartwright Pest Control has the folllowing balances in selected accounts on December 21, 2010:
All of the accounts have normal balances. The information below has been gathered at December 31, 2010.
1. Depreciation on the equipment for 2010 is $1250.
2. Ben Cartwright Pest Control borrowed $12,500 by signing a 10%, one-year note on July 1, 2010.
3. Ben Cartwright Pest Control paid $1980 for 12 months of insurance coverae on October 1, 2010
4. Ben Cartwright Pest Control pays its employees total salaries of $10,000 every Monday for the preceding 5-day week (Monday-Friday). On Monday, Dec. 7, 2010, employees were paid for the week ending Dece. 24, 2010. All employees worked the five days ending December 31, 2010.
5. Ben Cartwright Pest Control performed disinfecting services for a client in December 2010. The client will be billed $3000.
6. On December 1, 2010, Ben Cartwright Pest Control collected $36,000 for disenfecting processed to be performed from Dec. 1, 2010, through May 31, 2010.
7. A count of supplies on December 31, 2010, indicates that supplies of $750 are on hand.
Instructions: Prepare in journal form the adjusting entries for the seven items listed fro Ben Cartwright Pest Control.
Part- 2:
On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $25 each.
The company uses a perpetual inventory system.
During September, the following transactions and events occurred.
4-Sep
6-Sep
9-Sep
13-Sep
14-Sep
Instructions: Journalize the September transactions for Reid Supply.
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Journalize september transactions for reid supply
: Journalize the September transactions for Reid Supply and prepare in journal form the adjusting entries for the seven items listed fro Ben Cartwright Pest Control.
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