Business homework help

Business homework help. Account ………………………………………Debit …………..CreditCash…………………………………………….3700Accounts receivable……………………..3500Prepaid rent ………………………………..1700Supplies ……………………………………..3600Equipment………………………………… 32400Accumulated depreciation…………………………………. 1700Accounts Payable ………………………………………………..5400Salary payableCommon Stock………………………………………………….. 15900Retained earnings………………………………………………. 18500Dividends …………………………………..2200Service revenue …………………………………………………..8400Depreciation expenseSalary expense…………………………. 2300Rent expenseUtilites expense …………………………500Supplies expenseTotalAdditional infoa.accrues service revenue 400b.depreciation 700c.accrued salary expense 500d.prepaid rent expired 500e.supplies used 30012. The trial balance of Data Link, Inc., at September 30, follows:Additional information at September 30, 2011:RequirementsR1. Complete Data Link’s work sheet for the month ended September 30, 2011.R2. How much was net income for September?13. Use your answer from problem #12.RequirementR1. Journalize Data Link’s adjusting and closing entries at September 30, 2011.14. Consider the entries prepared in problem #13.RequirementsR1. Set up T-accounts for those accounts affected by the adjusting and closing entries in problem #13R2. Post the adjusting and closing entries to the accounts; denote adjustment amounts by Adj,closing amounts by Clo, and balances by Bal. Double underline the accounts with zero balancesafter you close them, and show the ending balance in each account.12 R1 Trial BalanceDebitCashAccount ReceivablePrepaid RentSuppliesEquipmentAccumulated DepreciationAccount PayableSalary PayableCommon StockRetained EarningDividendsService Revenue…

Business homework help