I will only pay $10 for this help!!! i repeat i will only pay $10!!!!

I will only pay $10 for this help!!! i repeat i will only pay $10!!!!

Its an easy assignment so if you want more money that i posted then this job isnt for you. Thanks

Resources: QuickBooks^® Online Assignment Supplementary Material, Ch. 4 -Accrual Accounting Concepts Presentation, and "Journal Entries" video

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Using the QuickBooks^® Online Assignment Supplementary Material, Ch. 4 -Accrual Accounting Concepts Presentation and the "Journal Entries" video, create the following 7 adjusting entries for Sierra Corporation. All entries should be dated 10/31/2013.

Part 1

3 adjusting journal entries effecting prepaid expenses

• Reflect supply utilization by debiting supply expense for $1,500 and crediting supplies inventory for $1,500
• Reflect insurance utilization by debiting insurance expense for $50 and crediting prepaid insurance for $50.
• Reflect utilization of equipment by debiting depreciation expense for $40 and crediting accumulated depreciation $40.

1 adjusting entry effecting unearned revenues

• Reflect revenue earned in October by debiting unearned revenue for $400 and crediting service revenue for $400.

1 adjusting entry effecting accrued revenues

• Reflect revenue not previously recorded by debiting accounts receivable for $200 and crediting service revenue for $200.

2 adjusting entries effecting accrued expenses

• Reflect interest expense not previously recorded by debiting interest expense for $50 and crediting interest payable for $50.
• Reflect salaries expense earned but not paid out yet by debiting salaries expense for $1,200 and crediting salaries payable for $1,200.

Part 2

Using the input from Part 1, create a new Trial Balance:

• Select "Reports" from the menu along the left-hand side.
• In the Go to report search-box, type Trial Balance.
• Select Trial Balance from the suggestions drop-down.
• Input directly or select the dates to run the report.  These dates should correspond to the Sierra Corporation data you input.
• Select the Excel tab at the top left of your screen to export this information into a Microsoft^® Excel^® document.

• art 1

  Income Statement

  • Select "Reports" from the menu along the left-hand side.
  • In the Go to report search-box, type Profit and loss.
  • Select Profit and loss from the suggestions drop-down.
  • Input directly or select the dates to run the report.  These dates should correspond to the Sierra Corporation data you input.
  • Select the Excel tab at the top left of your screen to export this information into a Microsoft^® Excel^® document.

  Part 2

  Balance Sheet

  • Select "Reports" from the menu along the left-hand side.
  • In the Go to report search-box, type Balance sheet.
  • Select Balance sheet from the suggestions drop-down.
  • Input directly or select the dates to run the report.  These dates should correspond to the Sierra Corporation data you input.
  • Select the Excel tab at the top left of your screen to export this information into a Microsoft^® Excel^® document.