NEED POST CLOSING ENTRIES Bower Consulting Company T-Accounts – 2013 Assets = Liabilities + Stockholders’ Equity...
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NEED POST CLOSING ENTRIES |
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Bower Consulting Company |
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T-Accounts – 2013 |
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Assets |
= |
Liabilities |
+ |
Stockholders’ Equity |
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|
Cash |
Accounts Payable |
Common Stock |
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BBAL 25000 |
2500 |
14000 |
B BAL 20000 |
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EBAL |
20000 |
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112500 |
1200 |
E BAL 14000 |
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|
1500 |
Retained Earnings |
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BBAL |
25000 |
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EBAL |
25000 |
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E BAL 135300 |
Revenue |
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|
1200 |
112500 |
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BBAL 20000 Inventory |
1500 |
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|
2500 |
33700 |
ebal |
112800 |
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|
14000 |
560 |
Cost of goods sold |
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|
448 |
528 |
33700 |
448 |
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|
560 |
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E BAL 2160 |
528 |
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Ebal |
34340 |
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Homework Answers
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NEED POST CLOSING ENTRIES
Bower Consulting Company
T-Accounts – 2013
Assets
=
Liabilities
+
Stockholders’ Equity...
need income statement Bower Consulting Company T-Accounts – 2013 Assets = Liabilities + Stockholders’ Equity Cash...
need income statement Bower Consulting Company T-Accounts – 2013 Assets = Liabilities + Stockholders’ Equity Cash Accounts Payable Common Stock BBAL 25000 2500 14000 B BAL 20000 EBAL 20000 112500 1200 E BAL 14000 1500 Retained Earnings BBAL 25000 EBAL 25000 E BAL 135300 Revenue 1200 112500 BBAL 20000 Inventory 1500 2500 33700 ebal 112800 14000 560 Cost of goods sold 448 528 33700 448 560 E BAL 2160 528 Ebal 34340
NEED BALANCE SHEET Bower Consulting Company T-Accounts – 2013 Assets = Liabilities + Stockholders’ Equity Cash...
NEED BALANCE SHEET Bower Consulting Company T-Accounts – 2013 Assets = Liabilities + Stockholders’ Equity Cash Accounts Payable Common Stock BBAL 25000 2500 14000 B BAL 20000 EBAL 20000 112500 1200 E BAL 14000 1500 Retained Earnings BBAL 25000 EBAL 25000 E BAL 135300 Revenue 1200 112500 BBAL 20000 Inventory 1500 2500 33700 ebal 112800 14000 560 Cost of goods sold 448 528 33700 448 560 E BAL 2160 528 Ebal 34340
NEED STATEMENT OF CHANGES IN EQUITY EOY Bower Consulting Company T-Accounts – 2013 Assets = Liabilities...
NEED STATEMENT OF CHANGES IN EQUITY EOY Bower Consulting Company T-Accounts – 2013 Assets = Liabilities + Stockholders’ Equity Cash Accounts Payable Common Stock BBAL 25000 2500 14000 B BAL 20000 EBAL 20000 112500 1200 E BAL 14000 1500 Retained Earnings BBAL 25000 EBAL 25000 E BAL 135300 Revenue 1200 112500 BBAL 20000 Inventory 1500 2500 33700 ebal 112800 14000 560 Cost of goods sold 448 528 33700 448 560 E BAL 2160 528 Ebal 34340
JOURNAL ENTRIES AND EVENTS INCLUDE PLEASE PROVIDE CORRECT T ACCOUNTS TO CHECK MINE AGAINST Bower Consulting Company...
JOURNAL ENTRIES AND EVENTS INCLUDE PLEASE PROVIDE CORRECT T ACCOUNTS TO CHECK MINE AGAINST Bower Consulting Company started the period with cash of $25,000, 500 units of inventory with a cost of $20,000 (uses FIFO) , common stock of $20,000 and retained earnings of $25,000. Bower engaged in the following transactions in 2013: Transactions during 2013 Purchased with cash 50 units of inventory for $2,500 Purchased on account 250 units of inventory for $14,000 Sold 750 units of inventory for...
Post the transactions, adjusting and closing entries into the appropriate t-accounts. The general ledger of the...
Post the transactions,
adjusting and closing entries into the appropriate t-accounts.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,300 12,000 19,000 points Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total eBook 5,700 7,000 43,000 7,600 63,300 Print 63,300 References The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on...
Post the transactions,
adjusting and closing entries into the appropriate t-accounts.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,300 12,000 19,000 points Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total eBook 5,700 7,000 43,000 7,600 63,300 Print 63,300 References The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on...
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