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IntroQuiz Winter2019 Q Search Sheet AutoSave OFF Homc Insert Page Layout Formulas Data Review View Share Insert Times NeW..11 AA- B Í U, i i,d, A, v/ Wrap Text Number Delete ▼ 恒恒ーMerge & Center, $, 96 , *.0.00 Conditional Format Cell Formatting as Table Styles Paste Sort & A11 : X Background: Plush Service Corporation Plush was founded in 2008 by Judy and Julie Plush. The company repairs espresso machines and grinders for coffee shops and other types of clients. x ▼ Background: Plush Service Corporation (Plush) wasfounded in 2008 by Judy and Julie Plush. The company repairs espresso machines and grinders for coffee shops and other types of clients. Judy and Julie decided to start the company when they realized it was the perfect way to combine their love of coffee and mechanical systems. Plush employs a few field technicians and sales people as well as an MBA, Suzanne Johnson. To date Suzanne 11 has been doing all the accounting for the company. In January 2017, Plush hires you as an accounting intern. 12 13 Required: 14 Suzanne Johnson has just provided you with the attached beginning balances for 2017. Assume this trial balance has 15 been correctl y prep ared. Plushs vear end is December 31st. (A) Using the Excel General Journal spreadsheet in this file, record the 2017 transactions listed below AND the necessary year end adjusting journal entries. Label the transactions in numeric sequence corresponding to the numbers below. Each of the transactions below requires a journal entry. Note that there is a debit and credit control 17 total at the top of the general journal so that you can check after each entry to see if you are in balance. 1. Issued an additional 10,000 shares of common stock on January 2. The stock was sold for S120,000, which 19 equals the par value of the stock. 20 2. Purchased store equipment for $18,000 cash on January 3 21 3. Provided services for cash of S42,000 on February 5 224. Provided services on credit for $75,000 on February 10 235. Received bill and paid utilities of $8,000 on February 15 Trial Balance 1-1-17 General Journal T-Accounts Income Stmt Balance Shoet Statement of Retained Earnings Ready + 169%IntroQuiz Winter2019 Q Search Sheet AutoSave OFF Homc Insert Page Layout Formulas Data Review View ShareA -Insert ▼ Times New 1111 , A▲A Wrap Text Delete ▼ B 1 U, i..-:, d▼ A, 恒恒ーMerge & Center, S, 96 , *.0.00 Conditional Format Cell Formatting as Table Styles Sort & Format ▼ 874 Plush Service Corporation General Journal (Control 3 120,000 120,000 totals 5 # Date 6 1 January 2 Transaction Debit Credit 120,000 Common Stock 120,000 To record issuance of common stock. 10 2 12 14 3 15 16 17 18 4 19 Trial Balance 1-1-17 General Journal T-Accounts Income Stmt Balance Shoet Statement of Retained Earnings Ready 回凹 + 191%IntroQuiz Winter2019 Q Search Sheet AutoSave OFF Homc Insert Page Layout Formulas Data Review View Share ^ -Insert ▼ Times New , 18 , A▲A Wrap Text ーー恒恒 ||.. Merge & Center- S , 96 , 400.00 Conditional Format Cell Sort & Formatting as Table Styles DEF 27 28 29 30 31 32 Notes Pavable Common Stock Retained Earnings 75,000 beg 120,000 1 195,000 end 34 35 Dividends Service Revenue Gain on Sale of Land 37 38 39 40 43 Salaries Expense Rental Expense Legal Fees Expense 45 46 47 48 49 Depreciation Expense Utilities Expense Insurance Expense 51 52 53 54 Instructions Trial Balance 1-1-17 General Journal T-Accounts Income Stmt Balance Sheet Statement of Retained Earnings Ready 回凹 + 136%

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