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Mohammad99

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About Mohammad99

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  1. السلام عليكم ورحمة الله وبركاته أحتاج لمساعدتكم في كيفية حل الآتي في برنامجquick book : 1. Enter the transactions for January including adjusting entries. 2. Prepare the financial statements for the month of January. January 2 The owner, Haneen Mousa, invested $10,000 cash by depositing it in the business account at QNB. In return, she received 1,000 shares of $10 par value common stock. January 2 Paid Fatma Mohammed, an attorney, $725 for her services to help organize the corporation. January 2 Paid the Qatar Corporation Commission a total of $75 for charter and filing fees. January 2 The owner signed a contract to lease a small shop at a monthly rent of $500. You paid $1,500 for a three month period to Qatar Rent-It Company. January 3 Paid $240 to the Gulf Insurance Company for one-year insurance policy. January 3 Purchased equipment from Qatar Equipment Corporation for $3,000 paying a down payment of $1,200 and agreeing to pay the balance within 30 days. January 4 Purchased on account office supplies costing $120 from Supplies Inc. January 5 Purchased repair supplies for $300 from Hamad Electronic Supply Company. You paid for you in cash. January 9 Paid $90 to the local newspaper for advertising the opening of the new business. January 12 You repaired a chair for Ahmed Suleiman. The total bill was $50. When he picked up his chair, he paid you $30 and agreed to pay the balance within 30 days. January 29 Received a check from Ahmed Suleiman for the mount due on his account. January 30 Received the January telephone bill for $60 from Q-Tel and decided to pay it in February. January 30 Received the January utility bill for $120 from Kharama and paid it. January 31 Mohsen Ibrahim chair had been repaired for a total of $55 on account. January 31 Your first month cash repair revenue totaled $1,030. January 31 Paid Qatar Equipment Corporation the balance due on account. Adjusting entries for January: 1. Office supplies with a cost of $105 are on hand at the end of the month. 2. Repair supplies with a cost of $240 are on hand at the end of the month. 3. The estimated useful life of the equipment is 5 years with no salvage value. Use straight line depreciation method. 4. You decided to amortize the organization costs over a period of five years. 5. Examine the prepaid rent account for possible adjustments. 6. Examine the prepaid insurance account for possible adjustment. وشكراً
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