Ofile:/I/Users/miguelangel/Downloads/ACCT 20301820Comprehensive 20Problem20UPDAT

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Ofile:/I/Users/miguelangel/Downloads/ACCT 20301820Comprehensive 20Problem20UPDATED pdf Gondon Constraction, Inc. had the following beginning balances as of June 20XX Wages payable Common stock $1,590 5,000 $6,700 Accounts receivable Propaid ront Retained earmings $5,110 During the second month of operations,Gordon Construction, Inc. completed the following June Tramsactions 2 Geedon received $55,000 cash and issued comemon slock to the stockholders 3 Parchased supplies $3,000 and equipment of $25,200 on account 4 Performed services for a client and received $6,300 cash. s Paid $2,400 cash for a 12-month insurance policy that began on June 1 7 Paid $37,000 to acquire a business truck on account 1 Paid $5,300 cash in empleyee salaries. 11 Performed services for a customer and billed the customer $5,400. Gordon expects to collect within one month. 17 Paid $380 cash for the telephone bill 18 Received $2,700 payment from customer on account 22 Paid $400 cash for the water and electricity bells 23 Paid for the equipment purchased June 3 25 Paid $4,800 in employee salaries 2 Received $5,000 cash for repairing the pipes of a customer 29 Paid S2.500 cash for rent due July 1. 0 Declared and paid dividends of $3,000 Requirements: 1. Record cach transactionthe general ledger-create a journal entry for each transaction. Key each transaction by date. Explanacions are required 2. Pest the transactions to the T-accounts, using transaction dates as posting references OR create a General Ledger in Excel in lieu of T-accounts. Include beginning balances for each account 3. Prepure the snadjusted trial balance of Gordon Construction, Inc, at June 30, 20xx 4. Prepare the following fEnancial statements Income Stanement, Statement of Retained Earnings, and Balance Sheet, using the unadjusted trial balance. MacBook Pro 5 6 8 9

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GORDON CONSTRUCTION General journal for the month ending June 30 , 20XX Date Account Title Debit Credit Jun.2 Cash 55000 Common stock 55000 (Cash received for common stock) Jun.3 Supplies 3000 Equipment 25200 Accounts Payable 28200 (Purchase of supplies and equipment on account) June.4 Cash 6300 Service Revenue 6300 (Service performed for cash) Jun.5 Prepaid Insurance 2400 Cash 2400 (Cash payment for 12-month insurance policy) Jun.7 Business Truck 37000 Accounts Payable 37000 (Purchase of truck on account) Jun.11 Salaries expense 5300 Cash 5300 (Payment of salaries) Jun.11 Accounts Receivable 5400 Service Revenue 5400 (Service performed on account) Jun.17 Telephone Expense 380 Cash 380 (Payment for telephone bill) Jun.18 Cash 2700 Accounts Receivable 2700 (Cash received from customers on account) Jun.22 Utility Expense 400 Cash 400 (Cash paid for water and electricity) Jun.23 Accounts Payable 37000 Cash 37000 (Payment made for Purchase of truck) Jun.25 Salaries expense 4800 Cash 4800 (Payment for salaries) Jun.29 Cash 5000 Service Revenue 5000 (Cash received for service) Jun.29 Prepaid Rent 2500 Cash 2500 (Cash paid for rent for July) June.30 Dividend 3000 Cash 3000 (Dividend paid)

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