Chat with us, powered by LiveChat ACTG 3000 MTSU Jesse Daniel Lawn Service Project - Uni Pal

DescriptionACTG3000 Project 1 – 35 points
Presented here are the accounts of Jesse Daniel Lawn Service for the year ended December
31, 2024. The retained earnings account shows the $51,000 balance as of the end of 2023,
which is the beginning balance for 2024.
Land
$20,000
Salaries Expense
66,000
Common Stock
27,000
Cash
3,200
Notes Payable
38,000
Salaries Payable
1,000
Accounts Payable
12,000
Equipment
21,000
Supplies Expense
3,100
Service Revenue
226,000
Accounts Receivable
1,100
Insurance Expense
2,600
Dividends
35,000
Office Supplies
14,000
Advertising Expense
15,000
Interest Expense
800
Rent Expense
12,000
Retained Earnings, 12/31/23
Building
161,200
Requirements
1. Prepare Jesse Daniel Lawn Service’s income statement for the year
ended 12/31/2024
2. Prepare the statement of retained earnings for the year ended
12/31/2024
3. Prepare the balance sheet as of 12/31/2024
51,000

Purchase answer to see full
attachment

error: Content is protected !!