Answer Happy

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.
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.
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