I have messed this up so badly. Here are the details. I know it’s a lot so any help at all is appreciated.

1 Plume invested $ 30,000 in cash and buildings worth $ 150,000 in the business.

2 Rented equipment by paying $ 2000 cash for the first month’s ( July) rent.

5 Purchased $ 2400 of office supplies with cash.

10 Paid $ 7200 cash for the premium on a 12 month insurance policy. Coverage begins July 11th.

14 Paid an employee $ 1000 cash for two weeks salary earned by employee.

24 Collected $ 9800 cash for storage fees from customers.

28 Paid another $ 1000 cash for two weeks salary earned by employee.

29 Paid $ 950 cash for inr repairs to leaking roof.

30 Paid $ 400 cash for this month’s telephone bill.

31 Plume withdrew $ 2000 cash for personal use.

Account chart:

101 Cash
106 Accounts receivable
124 Office supplies
128 Prepaid insurance
173 Buildings
174 Accumulated Depreciation – Building
209 Salaries Payable
301 L.Plume Capital
302 L.Plume Withdrawals
401 Storage fees earned
606 Deprecition expense – Building
622 Salaries Expense
637 Insurance Expense
640 Rent expense
650 Office Supplies Expense
684 Repairs expense
688 Telephone expense
901 Income expense

Here’s what I’m supposed to do with this:

Use balance column format to set up each ledger account listed init’s chart of accounts.

Prepare journal entries to record transactions for July and post to ledger accts. Record prepaid and unearned items in balance sheet accts.

Prepare unadjusted trial balance as of July 31

Use following information to journalize and post adjusting entries
a) 2/3 of one month’s insurance coverage has expired.
b) $ 1525 worth of office supplies will still be available at end of month
c) Building depreciation for this month is $ 1500
d) Employee earned $ 100 of unpaid and unrecorded salary as of month end.
e) Company earned $ 1150 of storage fees not yet billed at end of month.

Prepare the income statement and the statement of owner’s equity for month of July and the balance sheet at July 31 2008

Prepare journal entries to close the temporary accounts and post to the ledger

Prepare a post-closing trial balance.

I know….it’s insane which is why I’m already half nuts over it. Any help would be appreciated! Thanks!