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C D Based on the information on the "Bank Reconciliation sheet prepare the journal entry required to increases cash. Based on the information on the "Bank Reconciliation" sheet prepare the journal entry required to decreases 41. cash. 42. Income taxes are to be computed at the rate of 25 percent of net income before taxes. (IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.] Closing Entries 43. Close the revenue accounts. 44. Close the expense accounts. 45. Close the income summary account 46. Close the dividends account. 7 01.70 39 39 Jun 305120 Bad Debt Expense computer consulting rev Jun 30 1 121 Allowance for Doubtful Ad computer consulting rev 40 41 09 1142 212 213 214 T 215 216 217 219 IIIIIIIIII 230 232 FAQ Ready Welcom C hart of Account Transactions .Ge nsaved Workbooks. We were able to save und UNDUM F G 1,190.00 18 18 Jun 22 Jun 22 5040 Repairs & Maint. Expense Computer parts repair 2101 Accounts Payable Computer parts repair 1,190 475.00 19 19 Jun 22 Jun 22 2 101 Accounts Payable 1 110 Cash Pay advertising from june 17 Pay advertising from june 17 475.0 20 20 Jun 23 Jun 23 1,000.00 1 150 #REFI 2 101 Accounts Payable 2101 Accounts Payable Purchase of office supplies Purchase of office supplies 1,000.00 21 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable 3,445.00 Amount received on billing Amount received on billing 3,445.00 Jun 28 Jun 28 1 120 Accounts Receivable 4100 Computer & Consulting Services perfomed Services perfomed 5,385.00 5,385.00 STRAT Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Icash received for beings Cash received for billings 1.190.00 1.190.00 1110 Cash 1120 Accounts Receivable Cash received for billings Cash received for billing 5, 101.00 5.101.00 20 Salary Expense equip operator salaries equip operator salaries 960.00 960.00 General Journal Worksheet income MacB Format -Unsaved Workbooks. We were able to save changes to one or more files. Do you want to recover them? BCDEF 07 07 Jun 08 Jun 08 1150 Office Supplies 2101 Accounts Payable Office Supplies office Supplies 2,000.00 1 2,000.00 21,500.00 08 08 Jun 10 Jun 10 2 202 Notes Payable 1 110 Cash Payment balance of Computer equip Payment balance of Computer equip 21,500.00 5,136.00 Jun 14 Jun 141 1130 Prepaid Insurance 1110 Cash 1 you prepaid insurance 1 year prepaid insurance 5,136.00 10 10 Jun 16 Jun 16 1 110 Cash Rov for comp consult 4 100 Computer & Consulting R Rev for comp consult 6.150.00 6.150.00 Jun 16 Jun 16 Jun 16 Jun 16 EEEELT 1411 Building 1510 Land 1110 Cash 2201 Mortgage Payable 90.000.00 17,000.00 Acquisition of Land and Building Acquisition of Land and Building Acquisition of Land and Building Acquisition of Land and Building 10.700.00 96,300.00 Jun 17 Jun 171 1140 Prepaid Rent 1110 Cash Rontor june, july. august Rent Torjun julyaugust 6,300.00 6,300.00 13 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Advertising expense Advert 475.00 9853SRENTRERRE punts Payable Account Payable 240.00 Jun 211 - 12111ice Equip 110 cash General Journal Worksheet Income State MacBook PublicBank P.O. Box 5551212, Mami, Florida 33999 Ph # (305) 555-1212 Byte of Accounting 123 Speed Lane Miami, Florida 33999 Previous Balance Account Number Statement Date 33999999 6/30/2003 Deposits/Credits Checks/Debits 196, 805.00 73,760.00 123.045.00 123.045.00 Ending Balance Activity in date order Date Jun 01 Jun 07 Jun 15 Jun 16 Jun 21 Jun 22 Jun 22 Jun 22 Jun 23 Jun 24 Jun 26 Jun 26 Jun 27 Description Deposit - Paid check #5002 Paid check #5003 Deposit Pald check # 5005 NSF NSF service charge Pald check # 5006 Depost Paid check # 306 Paid check # 5007 Paid check #5008 Paid check # 5009 Elec Remit AT&T Telephone Paid check # 5010 Service Charge-Checks Ending Balance Amount 186,800.00 -28,000.00 -21,500.00 6,510.00 -10,700.00 -3,250.00 -25.00 -6,300.00 3,495.00 - 1,300.00 -240.00 -725.00 -960.00 -240.00 475.00 45.00 Balance -186,800.00 158.800.00 137,300.00 143,810.00 133, 110.00 129.880.00 129.835.00 123,535.00 127.030.00 125.730.00 125.490.00 124,785.00 123,805.00 123.565.00 123,090.00 123,045.00 123,045.00 Jun 27 Jun 27 Jun 29 Check N 306 is not our check Our policy is to charge the customer for any charges related to NSF checks The Deposit on Jun 16 was incorrectly recorded by the bank. The Deposit on Jun 23 was correctly recorded by the bank. We do not modify the original joumal entry. Worksheet For Period Ending June 30, 2020 Income Statement Balance umber Name Debli 1724 2343 9.00 Adjusted Trial Balance Debit Credit 124 234.32 20.389.00 0.001 4922.00 4,200.00 610.00 1,885,00 0.00 701.70 214.00 2.100.00 2.390.00 5,136.00 000 18.27 0001 7.373,331 0.00 221.200.00 0.00 190,000.00 90,000.00 0.00 1120 Accounts Receivable 1121 Allowance for Doubtful Account 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equio. 1212 Acum Depr.Ofice Equip 1311 Computer Equip 1312 Acum Depr.-Computer Eulo 1411 Buning Cost 1412 Acum Depa-Ruilding 1910 Land 2101 Accounts Payable 2102 Advanced Payments T2103 Interest Payable 2105 Satanes Payable 2100 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Capital Stock 310 Paid Captain 3200 Retaned lamings 300 Dividends 17,000.00 3184000 N0.00 H0.00 17,000.00 0.00 0.001 0.00 0.00 S7600 0.001 0.00 96,300.00 90,500.00 10.00 0.00 90,300.00 90,500.00 10.00 1075.61 000 000 0.00 1,020.00 2,100.00 167000 2,100.00 2400.00 475.001 1,100.00 475.00 El 888888888888888888888 4100 Computer & Consulting Revenue 010 Rent pense 5020 B y Expense 6030 Advertising wense 5040 Repair & Maint Expense 5050 OLA Gas Expense 5000 typespense 5090 Interest Expense 5100 Instance Expense 5110 Depreciation Expense 5120 Bad Dat Expense 5190 Banke 5140 Telephone Expense 5150 Income Testixpense 840.00 0.001 23100,00 2.300.00 0.00 214.00 0001 214.00 760721 701.70 LO 701.70 0.00 27657500405100 051601051001 NET INCOUE Introduction FAQ A Welcome Chart of Accounts Transactions General Journal Bank Reconciation A Worksheet Ready

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