Homework Answers
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As per the HOMEWORKLIB POLICY, only the first question should be answered. Kindly take note of it. Each new question should be posted separately.
Firstly trial balance is prepared, then adjustment data is entered. Then adjustment entries are passed. After adjustments, adjusted balances are transferred to appropriate coloumn. Then totalling of all coloumns is done.
Part BE 4-1
(a) 1- Prepare a trial
balance on the worksheet.
(e) 2 - Enter adjustment
data
(b) 3 -Enter adjusted
balances.
(c) 4 -Extend adjusted
balances to appropriate statement columns.
(d) 5 - Total the statement
columns, compute net income (loss), and complete the
worksheet.
part BE 4-2
Add Answer to:
BRIEF EXERCISES BE4-1 The steps in using a worksheet are presented in random order below. List...
List the steps in preparing a worksheet. (LO 1) BE4-1 The steps in using a worksheet...
List the steps in preparing a worksheet. (LO 1) BE4-1 The steps in using a worksheet are presented in random order below. List the steps in the proper order by placing numbers 1-5 in the blank spaces. Prepare a trial balance on the worksheet. (b) Enter adjusted balances. (c) Extend adjusted balances to appropriate statement columns (d) Total the statement columns, compute net income (loss), and complete the worksheet. (e) Enter adjustment data. |||||
Prepai BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance...
Prepai BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance €3,000, Service Revenue €61,000, and Salaries and Wages Expense (LO €25,000. Adjusting entries are required for (a) expired insurance €1,300; (b) services per- formed €1,100, but unbilled and uncollected; and (c) accrued salaries payable €800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and...
partial worksheet
: The ledger of Clayton Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800; (b) services performed $1,100, but unbilled and uncollected; and (c) accrued salaries payable $800.Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and Wages Payable, and Insurance Expense.)Instructions: Prepare partial...
BE 4-7 Using data in BE4-3,identity the accounts that would be included in a post closing...
BE 4-7 Using data in BE4-3,identity the accounts that would be
included in a post closing trial bala
nts apped Depress and Accounts wrial balance colu coreciation Exper counts Payable. In ompleting the Accounting Cycle elecany: Accuenue, Supp balance sheet Cr., etc.) et Cr, etc.) to when shows BE4-3 The following selected accounts appear in the adjusted tria worksheet for Ashram Company: Accumulated Depreciation, Den Capital Owner's Drawings, Service Revenue, Supplies, and Acco financial statement column (income statement Dr., balance...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY...
The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. ALSHWER COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,300 112 Accounts Receivable 10,800 126 Supplies 1,500 130 Prepaid Insurance 2,000 157 Equipment 27,000 158 Accumulated Depreciation—Equipment 5,600 200 Notes Payable 15,000 201 Accounts Payable 6,100 212 Salaries and Wages Payable 2,400 230 Interest Payable 600 311 Common Stock 10,000 320 Retained Earnings 3,000...
List the following steps in preparing a work sheet in their proper order by selecting numbers...
List the following steps in preparing a work sheet in their proper order by selecting numbers 1-5 from the drop down Sort amounts from the adjusted trial balance to the proper financial statement columns Total each statement column, determine net income or not loss and balance the columns c. Prepare an adjusted trial balance Enter required accounts and balances in the Unadjusted Till Balance columns 1. Enter necessary adjustments in the adjustments column e < Prev 9 a 20 33...
need help filling out this ledger correctly given the inputs at the top please. Brief Exercise...
need help filling out this ledger correctly given the inputs at the
top please.
Brief Exercise 4-02 The ledger of Ivanhoe Company includes the following unadjusted balances: Prepaid Insurance $4,200, Service Revenue $57,700, and Salaries and Wages Expense $26,700. Adjusting entries are required for (a) expired insurance $1,200, (b) services performed $1,200 are billed and not yet collected, and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts....
The ledger of Walters Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $60,000,...
The ledger of Walters Company includes the following unadjusted
balances: Prepaid Insurance $3,000, Service Revenue $60,000, and
Salaries and Wages Expense $25,000. Adjusting entries are required
for (a) expired insurance $1,800, (b) services performed $1,100 are
billed and not yet collected, and (c) accrued salaries payable
$900.
The ledger of Walters Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $60,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800, (b) services...
please answer the fallowing. * Answer Account Recievable in the first image. * Answer second image....
please answer the fallowing.
* Answer Account Recievable in the first image.
* Answer second image.
Your answer is partially correct. Try again The ledger of Clayton Company indudes the following unadjusted balances Prepaid Insurance $3,000, service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expedi c e $1.800; (b) services performed $1,100, but unbed and uncollected, and (c) accrued as pavalile 00. Enter the adjusted balances and d iments a worksheet and complete...
Problem #3 The adjusted trial balance columns of the worksheet for Company, owned by Meteor and...
Problem #3 The adjusted trial balance columns of the worksheet for Company, owned by Meteor and Blue, are as follows. Meteor and Blue’s COMPANY Worksheet For the Year Ended December 31, 2020 Trial Balance Dr. Cr. 101 Cash 5,300 112 Accounts Receivable 10,800 126 Supplies 1,500 130 Prepaid Insurance 2,000 157 Equipment 27,000 158 Accumulated Depreciation 5,600 200 Notes Payable 15,000 201 Accounts Payable 6,100 212 Salaries and Wages Payable 2,400 230 Interest Payable 600 301 Owner’s Capital 13,000 306...
List the steps in preparing a worksheet. (LO 1) BE4-1 The steps in using a worksheet are presented in random order below. List the steps in the proper order by placing numbers 1-5 in the blank spaces. Prepare a trial balance on the worksheet. (b) Enter adjusted balances. (c) Extend adjusted balances to appropriate statement columns (d) Total the statement columns, compute net income (loss), and complete the worksheet. (e) Enter adjustment data. |||||
Prepai BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance €3,000, Service Revenue €61,000, and Salaries and Wages Expense (LO €25,000. Adjusting entries are required for (a) expired insurance €1,300; (b) services per- formed €1,100, but unbilled and uncollected; and (c) accrued salaries payable €800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and...
BE 4-7 Using data in BE4-3,identity the accounts that would be
included in a post closing trial bala
nts apped Depress and Accounts wrial balance colu coreciation Exper counts Payable. In ompleting the Accounting Cycle elecany: Accuenue, Supp balance sheet Cr., etc.) et Cr, etc.) to when shows BE4-3 The following selected accounts appear in the adjusted tria worksheet for Ashram Company: Accumulated Depreciation, Den Capital Owner's Drawings, Service Revenue, Supplies, and Acco financial statement column (income statement Dr., balance...
List the following steps in preparing a work sheet in their proper order by selecting numbers 1-5 from the drop down Sort amounts from the adjusted trial balance to the proper financial statement columns Total each statement column, determine net income or not loss and balance the columns c. Prepare an adjusted trial balance Enter required accounts and balances in the Unadjusted Till Balance columns 1. Enter necessary adjustments in the adjustments column e < Prev 9 a 20 33...
need help filling out this ledger correctly given the inputs at the
top please.
Brief Exercise 4-02 The ledger of Ivanhoe Company includes the following unadjusted balances: Prepaid Insurance $4,200, Service Revenue $57,700, and Salaries and Wages Expense $26,700. Adjusting entries are required for (a) expired insurance $1,200, (b) services performed $1,200 are billed and not yet collected, and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts....
The ledger of Walters Company includes the following unadjusted
balances: Prepaid Insurance $3,000, Service Revenue $60,000, and
Salaries and Wages Expense $25,000. Adjusting entries are required
for (a) expired insurance $1,800, (b) services performed $1,100 are
billed and not yet collected, and (c) accrued salaries payable
$900.
The ledger of Walters Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $60,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800, (b) services...
please answer the fallowing.
* Answer Account Recievable in the first image.
* Answer second image.
Your answer is partially correct. Try again The ledger of Clayton Company indudes the following unadjusted balances Prepaid Insurance $3,000, service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expedi c e $1.800; (b) services performed $1,100, but unbed and uncollected, and (c) accrued as pavalile 00. Enter the adjusted balances and d iments a worksheet and complete...
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