TS Express is a delivery company established on Jan 5th, 2021 and operated by Tony Stark, The following lete transaction

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TS Express is a delivery company established on Jan 5th, 2021
and operated by Tony Stark, The following lete transactions took
place during November, See the transactions in the picture.

Ts Express Is A Delivery Company Established On Jan 5th 2021 And Operated By Tony Stark The Following Lete Transaction 1 (70.34 KiB) Viewed 77 times

1. Journalize all the entries.
2. Prepare a trial balance.
3. Journalize all the adjustments.
4. Post the adjustments to the spreadsheet.
5. Prepare an adjusted trial balance.
For question 2, 4 and 5, just upload a picture of the finished
table. The excel table is given below.

Ts Express Is A Delivery Company Established On Jan 5th 2021 And Operated By Tony Stark The Following Lete Transaction 2 (119.69 KiB) Viewed 77 times

о O O оо On Nov 1", Tony Stark invested $90,000 into TS Express. On Nov 3rd, TS Express used $80,000 cash to purchase an insurance covering the coming 4 months On Nov 7th, TS Express sold redeemed VIP cards worth $2,000 in cash. On Nov 11th, TS Express borrowed $30,000 from China Bank. On Nov 15h, TS Express purchased an equipment on credit for $260,000. The equipment was estimated to be used for 10 years and had a residual value of $20,000. On Nov 22nd, Tony Stark withdrew $10,000 from TS Express for his personal use. a O

TS Express End-of-Period Spreadsheet For the Month Ended Nov 30th, 2021 Unadjusted Adjustments Trial Balance Dr. Cr. Dr. Cr. Adjusted Trial Balance Dr. Cr. Post-Closing Trial Balance Dr. Cr. Account Title Cash Prepaid Insurance Equipment Accumulated Depreciation A/P Unearned Revenue Salaries Payable Fees earned Insurance Expense Salaries Expense Depreciation Expense Stark, Capital Stark, Drawing Total