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Prepare a General Journal, a General Ledger and an unadjusted trial balance for the following: The articles of incorporation for Bella Computers specified that the corporation was authorized to issue 1 million shares of common stock; par value was set at $10 per share. During the meeting, stock certificates for 5,000 shares of $10.00 par stock were issued to Dale and Lee, each. Dale and Lee each wrote personal checks for $50,000 for deposit in the new business bank account....
Need assistance in posting to a general journal, General Ledger and an unadjusted trial balance for the following: On June 5 Bella Computers issued 10,000 shares of stock at $10.00 par to Dale and Lee’s parents who wanted to invest in the new company. Dale’s parents received 10,000 shares and Lee’s parents received 10,000 shares. The electronic components to be used in the construction in the computers were contracted to be supplied by a company named Silicon Solutions. The contract...
Describe the purposes of the General Journal, General Ledger, Trial Balance, and Financial Statements, and how they "flow into" each other.
10. Accounting reports, such as the Trial Balance and General Ledger, are located on the Reports menu under: a. Company and Financial b. Accountant and Taxes c. List d. Either "a" or "c". You can print multiple reports at a time in Quickbooks by clicking _ in the Reports menu. 5 Points Extra Credit
Trial Balance to general ledger, T accounts, Adjusted Trial Balance then finally additional questions Name Financial Statement Homework #3 Part 1: At November 30, 2012, Silver Traders Company had the following trial balance. There is detailed information on the next page about December 2012 transactions that need to be recorded. Silver Traders Company Trial Balance 11/30/12 Cr Dr 287,000 Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Recelvable Supplies Inventory Equipment Building Accumulated Depreciation Copyright Accounts Payable Dividends...
M 17-1 Journal Entries, Closing Entries, and Trial Balance LOS The general ledger trial balance of the General Fund of the City of Bedford on January 1, 2015, shows the following: Cash S100,000 Taxes Receivable 75.000 Allowance for Uncollectible Taxes $ 35.000 Fund Balance-Assigned (encumbrances from 2014) 30,000 Fund Balance-Unassigned 110,000 Total $175.000 $175,000 A summary of activities and transactions for the General Fund during 2015 is presented here: 1. The City Council adopted a budget for the General Fund...
Statement of Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet SE The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing GREAT ADVENTURES, Inc. Trial Balance December 31, 2021 Account Title Credit Cash Debit 64,200 300 200 1,600 2,400 12,000 28,000 Supplies (Office) Supplies (Racing) Prepaid Rent Prepaid Insurance Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation...
General General Income Balance Sheet Requirement Trial Balance Analysis Journal Ledger Statement Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Unadjusted Grand Finale Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Accounts Payable 50,300 Dividends Payable Utilities Payable Cash 93,800 5,000 4,240 Accounts Receivable 9,500 Supplies 0 Income Tax Payable Equipment...
Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current year to provide personal training for athletes aspiring to play college football. The following transactions occurred during the month ended January 31. Prepare journal entries to record the transactions and adjustments listed in (a)-(j). Review the accounts as shown in the General Ledger and Trial Balance tabs. (If no entry...
Hi I need help filling general ledger and trial balance. It has to be in the format it is (the general ledger) This is the trial balance format. I know its 2 exercises but I send the first one and I got sent something different and complicated. Please help take 2 of my monthly quetions if needed. Anne Aile transactions for her Profesional Services business Month: September Transactions Amount 1 Invested cash in her business $ 20.000 2 Purchased equipment...