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The May 31, 20XX, post-closing trial balance for the L&L Accounting Firm $20.700 during June, the...

The May 31, 20XX, post-closing trial balance for the L&L Accounting Firm $20.700

during June, the firm engaged in the following transactions:

1 Received an investment of cash from J. Long, $8,000.

3 Purchased office equipment with cash, $2,000.

4 Received office equipment transferred to the firm from J. Long, $1,800

7 Purchased extra office supplies with cash, $190

9 Completed bookkeeping services for Elliott Electric Company that amounted to $1,400

10 Paid the receptionist in cash for two weeks’ wages, $1,600

13 Paid the amount due to Office Depot for the office equipment purchased last month, $750

14 Accepted an advance in cash for services to be done for a new client, $2,200

15 Purchased a copier (office equipment) from Office Depot for $2,400, paying $400 in cash and agreeing to pay the rest in equal amounts over the next six months.

16 Performed consulting services and received a cash fee, $1,650.

17 Received payment on account from Sally’s Salon for services performed last month, $3,200.

18 Paid amount due for the telephone bill that was received and recorded at the end of May, $260.

19 Performed consulting services for Sally’s Salon and agreed to accept payment next month, $4,600.

20 Performed bookkeeping services for cash, $780.

23 Received and paid the utility bill for June, $340.

24 Paid the secretary for two weeks’ wages, $1,600.

27 Paid the rent for July in advance, $2,000.

28 Received the telephone bill for June, which is to be paid next month, $220.

30 Paid cash to J. Long as a withdrawal for personal expenses, $1,750.

How would I fill this out with the information provided above?

Oist
Post-Closing Trial Balance
June 30, 20xx

Cash
Accounts Receivable
Office Supplies
Prepaid Rent
Prepaid Insurance
Office Equipment
Accumulated Depreciation, Office Equipment
Office Furniture
Accumulated Depreciation, Office Furniture
Accounts Payable
Unearned Consulting Fees
Wages Payable
J.Long, Capital
	$ —	$ —

Expert Solution

ekkarill92 answered 1 year ago

The May 31, 20XX, post-closing trial balance is $20,700 During June, the firm engaged in the...

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