Homework Answers
Correct answer------ Post closing trial balance proves that all
entries have been made correctly and accurately during the
accounting period.
.
Post closing trial balance is used to prepare financial statements such as income statement and balance sheet.
Post closing trial balance is prapared as a part of financial statement records. It is made after all adjustments are made.
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my hilmiddleware%252 Quiz Submitted 2/10 Total points awar MC Qu. 4-211 Which of the following statements...
503570032770252Fims.mneducatio Ch. 4 Saved Which of the following statements about an adjusted trial balance is correct?...
503570032770252Fims.mneducatio Ch. 4 Saved Which of the following statements about an adjusted trial balance is correct? Multiple Choice Debits should equal credits both before and after adjustments are made Debits will equal credits after adjustments are made but not necessarily before o Debits will equal credits before adjustments are made but not necessary after o Debits do not have to equal credits in the adjusted trial balance but they must be equal in the post closing tral balance Prey 1...
rolumns Total assets: 459,460 PR 4-1A Financial statements and closing entries OBJ. 1.2.3 Outreach Signals Company...
rolumns Total assets: 459,460 PR 4-1A Financial statements and closing entries OBJ. 1.2.3 Outreach Signals Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Outreach Signals Company prepared the following end-of- period spreadsheet at December 31, 20Y1, the end of the fiscal year SHOW ME HOW complete the het A 8 С D E F G Outreach Signals Company 2 End-of-Period Spreadsheet 3 For the Year Ended December 31, 2011 4 Unadjusted Adjusted 5...
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balan...
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balance accounting events apply to Parks Co. for the year 2011 ations when the business acquired $20,000 cash from the issue of common stock 2. Performed services and collected cash of $1,000. . Collected $4,500 of cash in advance for services to be provided over the next 12 months...
Part I. Multiple Choice (4*10=40) 1. Which of the following best describes the balance sheet? A....
Part I. Multiple Choice (4*10=40) 1. Which of the following best describes the balance sheet? A. It includes a listing of assets at their market values. B. It includes a listing of assets, liabilities, and stockholders' equity at their market values. C. It provides information pertaining to a company's assets and the providers of the assets. D. It provides information pertaining to a company's liabilities for a period of time. 2. Which of the following correctly describes the various financial...
Can you plese help me with my review sorry for posong so many attachments but this...
Can you plese help me with my review sorry for posong so many
attachments but this is my last answer. Thank you
Factors that shape an accounting information system include the a nature of the business. b. size of the firm. c. volume of data to be handled. d. All of these answer choices are correct. LO Bloom KDificuity Easy Min: 2, AACSB: None, AICPA BB None, AICPA FC Raporting AICPA PC None M Management, IFRS: None W The process...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for each year Round to two decimal places 1.50 and 107, 11.35 and 1.50 respectively respectively 1.07 and 1.19. 1.1.19 and 1.35 respectively respectively The liabilities and stockholder's equity of a company are $132,000 and $244.000, respectively. Assets should equal SS188.00 $132.00 p $376,00 12.000 A financial statement...
Problem: Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under...
Problem: Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of Illinois, with an authorized capitalization of 10,000 shares of no-par common stock with a stated value of $30 per share. The common stock is sold over the counter in the local area. You have been hired as of Friday, December 26, 2014, to replace the controller, who has resigned. As controller, you are responsible for the corporation’s accounting...
503570032770252Fims.mneducatio Ch. 4 Saved Which of the following statements about an adjusted trial balance is correct? Multiple Choice Debits should equal credits both before and after adjustments are made Debits will equal credits after adjustments are made but not necessarily before o Debits will equal credits before adjustments are made but not necessary after o Debits do not have to equal credits in the adjusted trial balance but they must be equal in the post closing tral balance Prey 1...
rolumns Total assets: 459,460 PR 4-1A Financial statements and closing entries OBJ. 1.2.3 Outreach Signals Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Outreach Signals Company prepared the following end-of- period spreadsheet at December 31, 20Y1, the end of the fiscal year SHOW ME HOW complete the het A 8 С D E F G Outreach Signals Company 2 End-of-Period Spreadsheet 3 For the Year Ended December 31, 2011 4 Unadjusted Adjusted 5...
LO 2, 4 Problem 3-27A Recording events in a statements The following Asset Source Transactions 1. Began oper CHECK FIGURE b. Total debits: $39,125 model and T-accounts and preparing a trial balance accounting events apply to Parks Co. for the year 2011 ations when the business acquired $20,000 cash from the issue of common stock 2. Performed services and collected cash of $1,000. . Collected $4,500 of cash in advance for services to be provided over the next 12 months...
Part I. Multiple Choice (4*10=40) 1. Which of the following best describes the balance sheet? A. It includes a listing of assets at their market values. B. It includes a listing of assets, liabilities, and stockholders' equity at their market values. C. It provides information pertaining to a company's assets and the providers of the assets. D. It provides information pertaining to a company's liabilities for a period of time. 2. Which of the following correctly describes the various financial...
Can you plese help me with my review sorry for posong so many
attachments but this is my last answer. Thank you
Factors that shape an accounting information system include the a nature of the business. b. size of the firm. c. volume of data to be handled. d. All of these answer choices are correct. LO Bloom KDificuity Easy Min: 2, AACSB: None, AICPA BB None, AICPA FC Raporting AICPA PC None M Management, IFRS: None W The process...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for each year Round to two decimal places 1.50 and 107, 11.35 and 1.50 respectively respectively 1.07 and 1.19. 1.1.19 and 1.35 respectively respectively The liabilities and stockholder's equity of a company are $132,000 and $244.000, respectively. Assets should equal SS188.00 $132.00 p $376,00 12.000 A financial statement...
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