oblem 2-A This problem is a continuation of Sample Problem 2S. You will enter the general journal entries for the month of December of the current year and complete the end-oFfiscal period processing. Answer Audit Questions 2-A on pages 85-86 while you are working on this problem: As you complete this problem, access the Browser for helpful check fig- ures to audit your work. General Journal Transact Dec. 01 Paid cash for month’s rent, $1,500.00; Check No. 3829. 01 Paid cash for monthly telephone bill, $294.83; Check No. 3830. 02 Paid cash for delivery charges, $32.50; Check No. 3831, Charge to Miscellaneous Expense. 05 Purchased advertising on account, $250.00; Invoice No. 2515. 05 Billed client for services rendered, $2,640.00, Invoice No. 5435. 06 Purchased supplies on account, $131.75; Invoice No. 2516. 06 Paid cash for mileage reimbursement, $405.00; Check No. 3832. Charge to Automobile Expense. 07 Purchased repair services on account, $286.41; Invoice No. 2517. 07 Paid cash for travel expenses, $110.00; Check No. 3833. 09 Paid cash on account, $175.00; Check No. 3834. 09 Purchased supplies on account, $224.20; Invoice No. 2518. 09 Billed client for services rendered, $2,000.00; Invoice No. 5436. 12 Billed client for services rendered, $3,575.00; Invoice No. 5437. 13 Purchased advertising on account, $500.00; Invoice No. 2519. 14 Paid cash for dues to a professional organization, $300.00; Check No. 3835. 15 Received cash on account, $2,650.00; Invoice No. 5435. 16 Paid cash for charitable contribution, $35.00; Check No. 3836. 19 Received cash on account, $3,750.00; Invoice No. 5434. 20 Billed client for services rendered, $1,000.00; Invoice No. 5438. 21 Purchased supplies on account, $120.00; Invoice No. 2520. 23 Paid cash on account, $136.85; Check No. 3837, 27. Paid cash on account, $250.00; Check No, 3838. 29° Received cash on account, $3,250.00; Invoice No. 5433. 30 Paid cash on account, $311.86; Check No. 3839. 30 Received cash on account, $2,000.00; Invoice No. 5436. 30 Paid monthly salaries, $2,054.38; Check No. 3840. 30 ~ Withdrew cash for owner's personal use, $3,000.00; Check No. 3841. [DD start up integrated Accounting 3e. Ed open the opening balances file named 1A3 Problem 02-AB. EEX] Enter your name in the User Name text box. Scanned with CamScannerjer with a file name of Save the file to your drive and folder wi r BY o2rasc Your Name, where 02-A is the problem number, and BC stands for “Before Closing.” EB eveer the December general journal transactions Display the general journal report for the month of De- a cember. Display a trial balance. Enter the adjusting entries for the month of December for Marlow Consulting: Insurance expired during December $75.35 Inventory of supplies on December 30 1,187.50 410.17 Depreciation on office equipment for December [Ey] Disptay the December adjusting entries. Display the income statement. Display the Yearly Consulting Fees account detail from the income statement. 110} ol [BD Disptay the balance sheet. Display the Supplies account detail from the balance sheet. Display the statement of owner’s equity. Generate an expense distribution graph. [EQ] Process the bank reconciliation data listed below: Checkbook balance $10,853.29 Bank credit 283.96 Bank charge 12.00 Balance shown on bank statement 5,091.49 — Outstanding deposits as follows: $2,650.00 $3,750.00 $3,250.00 $2,000.00 Outstanding checks as follows: Check No. Amount 3838 $250.00 3839 $311.86 3840 $2,054.38 3841 $3,000.00 Scanned with CamScannerDisplay the bank reconciliation report. Save your data file (with a file name of 02-ABC Your Name). ort" spreadsheet and word processing integration ac- tivity. Jackie Marlow, owner, has asked you to create a spreadsheet report show- ing only the cash received transactions entered into the accounting sys- tem for the month of December, Then prepare an interoffice memo- randum that contains this information. Use the following steps to complete this task: a. Display and copy the general journal report to the clipboard in spreadsheet format. b. Start your spreadsheet sofware and load spreadsheet template file IAS Spreadsheet 02-5. c. Select cell Al as the current cell (if not already selected) and paste the general journal report into the spreadsheet. d. Delete all rows of data that are not cash received transactions, change the title of the report from General Journal to Cash Receip' and replace the old totals with the sum of the debit and credit columns. Format the spreadsheet similar to the one in Figure 2.31 €. Print the Cash Receipts report. f. Save your spreadsheet file to your disk and folder with a file name of 02-A Your Name. g. Select and copy the spreadsheet report to the clipboard. h. End your spreadsheet application. i. Start your word processing application software and load template file 143 Wordprocessing 02-AB (load as a text file). j. Replace FRO! tudent Name with your name. k. Position the insertion point one line after the last line in the docu- ment and paste the spreadsheet report. Format your document as necessary. Print the completed document. m. Save the document to your disk and folder with a file name of 02- A Your Name. n. End your word processing application and return to the Integrated Accounting applicati Generate and post the closing journal entries. Choose the Generate Closing Journal Entries menu item from the Options menu, When the dialog box appears asking if you want to gen- erate closing journal entries, click on the Yes button. The closing jour- Scanned with CamScannernal entries automatically generated by the computer will appear in a di- alog box. Click on Post. When the General Journal appears, showing that the closing entries have been posted, click on Close. Ey] Display the closing entries. From the Reports menu, choose the Journal option and the Gen- eral Journal report and click on OK. When the Journal Report Selection dialog box appears, choose the Customize Journal Report option and ction of Clo, Ent. so that only the closing entries enter a Reference res are reported. Display a trial balance (called the post-closing trial balance). FE} Save your data to disk with a file name of 02-AAC Your Name, where 02-A is the problem, and AC is “After Clos- 2.” INTERNET ACTIVITY: /f you have access to the Internet, use the Browser to find accounting services provided via the Internet. For ex- ample, use accounting services to narrow your search. Report the types of accounting services you find. Be sure to include the source and the URL (Internet address) of your search. End the Integrated Accounting 3e session. Scanned with CamScanner