accounting homework 495110

CASE #1: On May 5, 2013, Gina Ennabeortiz started a carpet cleaning business called Ennabeortiz Family Carpet Cleaning. She completed the following transactions during the month: Gina invested $16,500 cash and a small truck with a value of $8,000 to start her business. Prepaid $3,500 cash for 12 months’ rent on a small office. Purchased office supplies for cash, $575. Purchased equipment on account, $4,000. Received cash for services performed, $3,350. Performed services on credit, $2,350. Purchased truck supplies on account, $125. Received $15,350 cash in advance of providing cleaning services to a customer. Paid $2,500 cash for the premium on a 6-month insurance policy. Paid salary of employee, $1,550. Purchased $2,500 of additional equipment by paying $400 cash and signing a long-term note payable for $2,100. Paid for repairs to truck, $225. Received $1,350 for the services performed in transaction f. Paid utilities, $315. Completed cleaning services and immediately collected $10,500. Paid creditor $675 on the purchase in transaction g. Provided $2,000 of cleaning services from transaction h. Gina withdrew cash for personal use, $2,775. Paid $5,000 cash for advertisements on the local television station during May. Required: Prepare general journal entries to record these transactions (use the account titles listed in part 2). Open a set of T accounts with the following titles: Cash (101), Accounts Receivable (106); Office Supplies (124); Truck Supplies(128); Equipment (131); Prepaid Rent (140); Prepaid Insurance (150); Truck (163); Accounts Payable (201); Notes Payable (202); Unearned Cleaning Revenue (203); Gina Ennabeortiz, Capital (301); Gina Ennabeortiz, Drawing (302); Cleaning Revenue (403); Salaries Expense (620); Truck Expense (630); Utilities Expense (640) and Advertising Expense (650). Post journal entries from Part 1 to the T accounts and calculate the account balance for each account. Prepare a trial balance as of the end of this month’s…