- The document provides information about transactions for Black Cloud Cleaners for the year ending December 31, 2024. It includes beginning account balances, journal entries for transactions throughout the year, and instructions to prepare financial statements for the year.
This work is for Sunday all the information is below the m.pdf
1. This work is for Sunday, all the information is below, the main information is picture 1,
below that I have pictures that I have done, at last there are the pictures that need to be
done.
I would appreciate if you can answer them all, that's all the information I have.
- Work is for Sunday.
Using picture 1 as the main to get the information to answer the pictures below. Thank you.
Main information Below
Picture 1 below
The information that I have until now, hope this helps to answer all the questions that are in
blank below, it will help a lot!
The information that needs to be answered below, I would appreciate if you can answer
them all.
The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account
balances: The following is a summary of the transactions for the year: 1. March 12 Provide
services to customers, $40,000, of which $19,000 is on account. 2. May 2 Collect on accounts
receivable, $16,000. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4.
August 1 Pay salaries of $9,500 from 2023 (prior year). 5. September 25 Pay repairs and
maintenance expenses, $11,000. 6. October 19 Purchase equipment for $6,000 cash. 7.
December 30 Pay $1,200 cash dividends to stockholders.Record each of the summary
transactions listed above. (If no entry is required for a particular transaction/event, select "No
Journal Entry Required" in the first account field.)Record adjusting entries. Accrued salaries at
year-end amounted to $19,700. Depreciation for the year on the equipment is $3,000. Office
supplies remaining on hand at the end of the year equal $1,000. (If no entry is required for a
particular transaction/event, select "No Journal Entry Required" in the first account field.)Prepare
the income statement for the year ended December 31, 2024.Prepare the classified balance sheet
for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a mint
sign.)Prepare an unadjusted trial balance.Prepare an adjusted trial balance.Prepare a post-closing
trial balance.Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure
to include beginning balances.Record closing entries. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry
worksheet Record the entry to close the revenue accounts. Note: Enter debits before
credits.Record closing entries. (If no entry is required for a particular transaction/event, select "No
Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to
close the expense accounts. Note: Enter debits before credits.Record closing entries. (If no entry
is required for a particular transaction/event, select "No Journal Entry Required" in the first account
field.) Journal entry worksheet Note: Enter debits before credits.