Homework Answers
1. i. Enter the unadjusted account balances from the general ledger into the Unadjusted Trial Balance columns of the spreadsheet.
2. a. Add the Debit and Credit columns of the Unadjusted Trial Balance columns of the spreadsheet to verify that the totals are equal.
3. g. Enter the adjusting entries into the spreadsheet, based on the adjustment data.
4. d. Add the Debit and Credit columns of the Adjustments columns of the spreadsheet to verify that the totals are equal.
5. c. Add or deduct adjusting entry data to trial balance amounts, and extend amounts to the Adjusted Trial Balance columns.
6. f. Add the Debit and Credit columns of the Adjusted Trial Balance columns of the spreadsheet to verify that the totals are equal.
7. j. Extend the adjusted trial balance amounts to the Income Statement columns and the Balance Sheet columns.
8. e. Add the Debit and Credit columns of the Balance Sheet and Income Statement columns of the spreadsheet to determine the amount of net income or net loss for the period.
9. h. Enter the amount of net income or net loss for the period in the proper Income Statement column and Balance Sheet column.
10. b. Add the Debit and Credit columns of the Balance Sheet and Income Statement columns of the spreadsheet to verify that the totals are equal.
If you have any query, kindly comment with your query and please mark thumbs up.
Add Answer to:
Appendix: Completing an end-of-period spreadsheet List (a) through (j) in the order they would be performed...
Appendix 1: Completing an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients....
Appendix 1: Completing an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 329 Accounts Receivable 2,411 Supplies 110 Prepaid Insurance 82 Land 2,740 Equipment 1,096 Accum. Depr.—Equipment 219 Accounts Payable 986 Wages Payable 110 Common Stock 40 Retained Earnings 4,729 Dividends 219 Fees Earned 2,685 Wages Expense...
EX 4-23 Completing an end-of-period spreadsheet Account Title Alert Security Services Co. End-of-Period Spreadsheet For the...
EX 4-23 Completing an end-of-period spreadsheet Account Title Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Income Statement Trial Balance Debit Credit Debit Credit 12 103 Balance Sheet Debit Credit 12 103 50 210 210 Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depr.-Equipment Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense-Equipment Miscellaneous Expense Totals Net Income (loss)...
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to...
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20Y3: Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 81 Accounts Receivable 216 Supplies 22 Prepaid Insurance 32 Land 270...
After Net Income or Loss is entered on the end-of-period spreadsheet, the debit column total must...
After Net Income or Loss is entered on the end-of-period spreadsheet, the debit column total must equal the credit column total for the Balance Sheet pair of columns. True or false?
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to...
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the end-of-period spreadsheet for the year ended October 31, 2018, shown below. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 66 Adjusted Trial Balance Dr. Cr. Account Title Cash Accounts Receivable Supplies 176 Prepaid Insurance Land Equipment...
1) A worksheet is a: A) formal document shown with a company's annual report. B) formal...
1) A worksheet is a: A) formal document shown with a company's annual report. B) formal document required by the Canada Revenue Agency. C) formal document required by creditors. D) multicolumn document used by accountants to aid in the preparation of the financial statements. 2) All of the following are listed on a worksheet except: A) a debit and credit column for a statement of owner's equity. B) a debit and credit column for an income statement. C) a debit...
Credit PR 4-3A T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet OBJ....
Credit PR 4-3A T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet OBJ. 2,3 The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry Unadjusted Trial Balance June 30, 2019 Debit Balances Balances Cash....... 11,000 Laundry Supplies ............. 21,500 Prepaid Insurance............. 9,600 Laundry Equipment........... 232,600 125,400 Accumulated Depreciation ....... 11,800 Accounts Payable.......... 105,600 Sophie Perez, Capital.... 10,000 Sophie Perez, Drawing.. 232,200 Laundry Revenue .......... 125,200 Wages Expense...............
E4-20 (Algo) Recording Four Adjusting Entries and Completing the Trial Balance Worksheet LO4-1 Green Valley Company...
E4-20 (Algo) Recording Four Adjusting Entries and Completing the Trial Balance Worksheet LO4-1 Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars. UNADJUSTED Account Titles Debit Credit Cash 25 Accounts receivable 22 Prepaid insurance 17 Machinery 84 Accumulated depreciation Accounts payable 18 Wages payable Income taxes payable Common stock (3,000 shares) 3 Additional paid-in capital 64 Retained...
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance...
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 494 Accounts Receivable 3,626 Supplies 165 Prepaid Insurance 124 Land 4,120 Equipment 1,648 Accum. Depr.-Equipment 330 Accounts Payable 1,483 Wages Payable 165 Common Stock 40 Retained Earnings 7,128 Dividends 330 Fees Earned 4,038 Wages Expense 989 Rent Expense 494 Insurance Expense 412 Utilities Expense 288 Supplies Expense 247 Depreciation Expense-Equip. 165...
Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business...
Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2019. In addition, the data for year- end adjustments are as follows: a. Fees earned, but not yet billed, $26. b. Supplies on hand, $7. c. Insurance premiums expired, $33. d. Depreciation expense, $13. e. Wages accrued, but not paid, $13....
EX 4-23 Completing an end-of-period spreadsheet Account Title Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Income Statement Trial Balance Debit Credit Debit Credit 12 103 Balance Sheet Debit Credit 12 103 50 210 210 Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depr.-Equipment Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense-Equipment Miscellaneous Expense Totals Net Income (loss)...
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the end-of-period spreadsheet for the year ended October 31, 2018, shown below. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 66 Adjusted Trial Balance Dr. Cr. Account Title Cash Accounts Receivable Supplies 176 Prepaid Insurance Land Equipment...
Credit PR 4-3A T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet OBJ. 2,3 The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry Unadjusted Trial Balance June 30, 2019 Debit Balances Balances Cash....... 11,000 Laundry Supplies ............. 21,500 Prepaid Insurance............. 9,600 Laundry Equipment........... 232,600 125,400 Accumulated Depreciation ....... 11,800 Accounts Payable.......... 105,600 Sophie Perez, Capital.... 10,000 Sophie Perez, Drawing.. 232,200 Laundry Revenue .......... 125,200 Wages Expense...............
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 494 Accounts Receivable 3,626 Supplies 165 Prepaid Insurance 124 Land 4,120 Equipment 1,648 Accum. Depr.-Equipment 330 Accounts Payable 1,483 Wages Payable 165 Common Stock 40 Retained Earnings 7,128 Dividends 330 Fees Earned 4,038 Wages Expense 989 Rent Expense 494 Insurance Expense 412 Utilities Expense 288 Supplies Expense 247 Depreciation Expense-Equip. 165...
Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2019. In addition, the data for year- end adjustments are as follows: a. Fees earned, but not yet billed, $26. b. Supplies on hand, $7. c. Insurance premiums expired, $33. d. Depreciation expense, $13. e. Wages accrued, but not paid, $13....
Most questions answered within 3 hours.
-
Discuss the similarities and differences between static and
flexible Budgeting and Capital budgeting. · Why is...
asked 4 minutes ago -
With the demand for more nutritional food options growing,
Nutriment Biotech is positioned to become a...
asked 19 minutes ago -
A sample of hydrogen gas collected at a
pressure of 1.41 atm and a temperature of...
asked 14 minutes ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 12 minutes ago -
he plant started to purify its wastewater before discharging it
into the lake. How long will...
asked 13 minutes ago -
A
firm purchased telephone equipment for cash. By mistake, the person
who recorded the transaction debited...
asked 14 minutes ago -
A 1.50 kg sample of water at 15.0°C is in a calorimeter. You
drop a piece...
asked 15 minutes ago -
Thiazyl fluoride, F3NS is a colourless gas. Using concepts of
electronegativity, formal charge etc. determine the...
asked 15 minutes ago -
In August 1992, after three years of development,
Colgate-Palmolive (CP) is about to add a new,...
asked 21 minutes ago -
1.Calculate the volume in liters of a 3.10 M KCl solution to
obtain 0.15 mol of...
asked 37 minutes ago -
The payback method is often criticized because it ignores the
time value of money and cashflows...
asked 40 minutes ago -
The overall population for Region A is 122122 million people.
The labor force contains 5151 million...
asked 59 minutes ago