Calculate the price
your order:

275 words
Approximate price
$ 0.00

trial balance

 Using the data provided, perform the steps below to complete the final project. 

On December 1, 2019, SoccerBox Inc. started operations. The following transactions occurred during December 2019.

NOTE: There are no beginning balances-this is a new company.

Dec 1  Randol Espy invested $80,000 cash in the company for common stock.

Dec 2  Soccer Box purchased soccer equipment for $20,000 cash.

Dec 2  Soccer Box rented an old warehouse for $30,000 cash for the first year’s (December 2019-    November 2020) rent.

Dec 3  Soccer Box purchased $500 of office supplies with cash.

Dec 10 Soccer Box paid $12,000 cash for an annual insurance policy. 

Dec 14 Soccer Box paid $4,000 cash for the first payroll earned by its employees. 

Dec 24 Soccer Box received $85,000 cash from soccer fees paid by parents for a private youth soccer lesson. 

Dec 28 Soccer Box paid $4,000 cash for 2 weeks’ salaries earned by its employees.

Dec 29 Soccer Box paid $200 cash for minor repairs to its soccer equipment. 

Dec 30 Soccer Box paid $150 cash for this month’s telephone bill.

Dec 30 Dividends of $1,000 cash were paid by Soccer Box to its current shareholders.

Using this spreadsheet and the information above, complete the following:

  1. Record the journal entries that occurred during the month of December. 
  2. Prepare an unadjusted trial balance. 
  3. Create adjusting journal entries at the end of the year (December 31) based on the following adjustment data: 
    1. One month’s insurance coverage has expired (refer to the December 10 entry). 
    2. The company occupied the warehouse space for the month of December (refer to the December 2 entry). 
    3. At the end of the month, $100 worth of office supplies are still available (refer to the December 3 entry). 
    4. This month’s depreciation on the soccer equipment is $250. 
    5. Employees earned $300 of unpaid and unrecorded salaries as of month-end.
  4. Prepare an adjusted trial balance. 
  5. Prepare an income statement, a statement of retained earnings, and a classified balance sheet as of December 31, 2019.

Basic features

  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support

On-demand options

  • Writer's samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading

Paper format

  • 275 words per page
  • 12pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, CHicago/Turabian, Havard)

Guaranteed originality

We guarantee 0% plagiarism! Our orders are custom made from scratch. Our team is dedicated to providing you academic papers with zero traces of plagiarism.

Affordable prices

We know how hard it is to pay the bills while being in college, which is why our rates are extremely affordable and within your budget. You will not find any other company that provides the same quality of work for such affordable prices.

Best experts

Our writer are the crème de la crème of the essay writing industry. They are highly qualified in their field of expertise and have extensive experience when it comes to research papers, term essays or any other academic assignment that you may be given!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

error: Content is protected !!
Open chat
Reliance Papers Inc.
Get Help With All Your Homework Questions. Any Deadline, Affordable, Quality Work Guaranteed!!