company for common stock.

Assignment Details

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

Don't use plagiarized sources. Get Your Custom Essay on
company for common stock.
Just from $13/Page
Order Essay

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 1Randol Espy invested $80,000 cash in the company for common stock.
2SoccerBox purchased soccer equipment for $20,000 cash.
2SoccerBox rented an old warehouse for $30,000 cash for the first year’s (December 2019-November 2020) rent.
3SoccerBox purchased $500 of office supplies with cash.
10SoccerBox paid $12,000 cash for an annual insurance policy.
14SoccerBox paid $4,000 cash for the first payroll earned by its employees.
24SoccerBox received $85,000 cash from soccer fees paid by parents for a private youth soccer lesson.
28SoccerBox paid $4,000 cash for 2 weeks’ salaries earned by its employees.
29SoccerBox paid $200 cash for minor repairs to its soccer equipment.
30SoccerBox paid $150 cash for this month’s telephone bill.
30Dividends of $1,000 cash were paid by SoccerBox 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:

a. One month’s insurance coverage has expired (refer to the December 10 entry).

b. The company occupied the warehouse space for the month of December (refer to the December 2 entry).

c. At the end of the month, $100 worth of office supplies are still available (refer to the December 3 entry).

d. This month’s depreciation on the soccer equipment is $250.

e. 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.

If you are planning to repurpose an assignment or submit one you have used before, please let your instructor know. If an instructor is not made aware of work being repurposed or reused, he or she will treat the assignment as a plagiarized task and reserves the right to post an F grade and submit a task for review to administration until proof of originality is provided. Click here for more information. The following are some tips if you have problems submitting your assignment: 

1. Resave in the proper format per the Assignment Detail instructions, and resubmit. 

2. Submit with a different Web browser. 

3. Submit from a different computer. 

4. Call Technical Support at 877-221-5800, Menu Option 2. They are open 24/7. 

5. If you are still having difficulties after trying steps 1–4, please contact your course instructor.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Writall
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Computer science
A few dangling modifiers and the use of passive voice. But otherwise, good work
Customer 454513, September 29th, 2020
Customer 455459, October 8th, 2022
Art (Fine arts, Performing arts)
Thank u
Customer 454677, April 17th, 2021
I got an A in this project.
Customer 453877, February 6th, 2020
Awesome Job. I'll definitely request my writer again. Thank you!
Customer 455113, February 25th, 2022
Business Studies
Another great paper thanks for your help!!!
Customer 454811, January 14th, 2022
I fail the first summation but them got an A. thanks
Customer 453877, January 7th, 2021
Social Work and Human Services
Customer 453933, October 27th, 2020
Thank you!
Customer 454959, February 6th, 2022
Thank you for the quick response
Customer 454677, April 21st, 2021
Forensic Psychology
The writer was extremely patient with me during changes and I am very grateful ????! Thank you
Customer 453503, March 24th, 2020
Great content, resources, and turn around!
Customer 454991, November 2nd, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live Chat+1(978) 822-0999EmailWhatsApp