Required: a. Prepare a complete work sheet b. Prepare a classified balance sheet. (Note: P 100, 000 of the mortgage payable is due for payment next year). c. Journalize the adjusting entries made. d. Journalize the closing entries. e. Prepare a post-closi
Required: a. Prepare a complete work sheet b. Prepare a classified balance sheet. (Note: P 100, 000 of the mortgage payable is due for payment next year). c. Journalize the adjusting entries made. d. Journalize the closing entries. e. Prepare a post-closing trial balance. f. Prepare a formal statement of Financial Condition & Income Statement.
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Required: a. Prepare a complete work sheet b. Prepare a classified balance sheet. (Note: P 100, 000 of the mortgage payable is due for payment next year). c. Journalize the adjusting entries made. d. Journalize the closing entries. e. Prepare a post-closi
I need help with the journal entries, adjusting entries, classified balance sheet and the post closing...
I need help with the journal entries, adjusting
entries, classified balance sheet and the post closing balance
PTUDlen. Laura Eddy opened Eddy's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar 1 3 14 18 Invested $10,000 cash in the business. Purchased used truck for $6,000, paying $3,000 cash and the balance on account. Purchased cleaning supplies for $1,200 on account. Pald $1,200 cash on one-year insurance policy effective March 1. Billed customers $4,800 for cleaning...
GLS Complete worksheet, prepare financial statements, closing entries, and post-closing trial balance (L01 2.4 The adjusted...
GLS Complete worksheet, prepare financial statements, closing entries, and post-closing trial balance (L01 2.4 The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. Dr. Account No. 101 112 126 130 157 ALSHWER COMPANY Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Cr. Cash 5.300 Accounts Receivable 10.800 Supplies 1,500 Prepaid Insurance 2.000 Equipment 27,000 Accumulated Depreciation Equipment 5,600 Notes Payable 15,000 Accounts Payable 6.100 Salaries and Wages Payable 2,400 Interest...
adjusting Entries, closing entries, general ledger, worksheet, income statement, balance sheet and post closing trial balance...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
(c) Journalize the hujus (d) Journalize the closing entries from the financiar worksheet for Thao Company,...
(c) Journalize the hujus (d) Journalize the closing entries from the financiar worksheet for Thao Company, owned by P4-2A The adjusted trial balance columns of the worksheet D. Thao, are as follows. Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Dr. Account Titles Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid Insurance 2,000 Equipment...
*P3-12 (L03,4,5,9) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Cooke Company has a fiscal year ending...
*P3-12 (L03,4,5,9) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Cooke Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Cooke Co.xls Review View Home Insert Page Layout Formulas Data P18 А B D E 2 COOKE COMPANY 3 3 Worksheet 4 For The Month Ended September 30, 2017 5 Trial Balance Adjusted Trial Balance 6 Account Titles Dr. Cr. Dr. Cr. 7 Cash 37,400 37,400 8 Supplies 18,600 4,200 9...
(c) Prepare the closing entries. Use J14 for the journal page. d) Post the closing entries....
(c) Prepare the closing entries. Use J14 for the journal page. d) Post the closing entries. Use the three-column form of account. Income Summary is D. Thao, are as follows. Cr. Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account Titles Dr. Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid Insurance 2,000 Equipment 27,000...
mpany, owned by (c) Journalize the hujus (d) Journalize the closing entries from the financial P4-2A...
mpany, owned by (c) Journalize the hujus (d) Journalize the closing entries from the financial P4-2A The adjusted trial balance columns of the worksheet for Thao Company, own D. Thao, are as follows. - Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Dr. Cr. Account Titles Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid...
1.prepare a complete worksheet 2. prepare a classified balance sheet 3. journaliza the adjusting entries Problem...
1.prepare a complete worksheet
2. prepare a classified balance sheet
3. journaliza the adjusting entries
Problem 3-12 Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. WILDHORSE COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Trial Balance Balance Debit Credit Debit Credit Cash 39,760 39,760 Supplies 20,960 4,161 Prepaid Insurance 31,900 4,265 Land 87,720 87,720 Equipment 127,720 127,720 Accumulated Depreciation-Equipment 38,560 40,850 Accounts Payable 16,960 16,960...
1. journalize the closing entries 2. prepare a post-closing trial balance Problem 3-04 The trial balance...
1. journalize the closing entries
2. prepare a post-closing trial balance
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and...
Requirement a. Journalize the transactions for the year. Requirement b. Post the journal entries to t-accounts....
Requirement a. Journalize the transactions for
the year.
Requirement b. Post the journal entries to
t-accounts. Use the dates as posting references for the journal
entries to post each entry to the relevant accounts, then compute
the unadjusted balance of each account. Label the unadjusted
balances with Unadj.. Bal. (For accounts with a $0 ending
balance, select "Unadj. Bal." and enter "0" on the normal balance
side of the t-account.) Review the journal entries prepared in
Requirement a.
Requirement c....
I need help with the journal entries, adjusting
entries, classified balance sheet and the post closing balance
PTUDlen. Laura Eddy opened Eddy's Carpet Cleaners on March 1. During March, the following transactions were completed. Mar 1 3 14 18 Invested $10,000 cash in the business. Purchased used truck for $6,000, paying $3,000 cash and the balance on account. Purchased cleaning supplies for $1,200 on account. Pald $1,200 cash on one-year insurance policy effective March 1. Billed customers $4,800 for cleaning...
GLS Complete worksheet, prepare financial statements, closing entries, and post-closing trial balance (L01 2.4 The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. Dr. Account No. 101 112 126 130 157 ALSHWER COMPANY Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Cr. Cash 5.300 Accounts Receivable 10.800 Supplies 1,500 Prepaid Insurance 2.000 Equipment 27,000 Accumulated Depreciation Equipment 5,600 Notes Payable 15,000 Accounts Payable 6.100 Salaries and Wages Payable 2,400 Interest...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
(c) Journalize the hujus (d) Journalize the closing entries from the financiar worksheet for Thao Company, owned by P4-2A The adjusted trial balance columns of the worksheet D. Thao, are as follows. Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Dr. Account Titles Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid Insurance 2,000 Equipment...
*P3-12 (L03,4,5,9) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Cooke Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Cooke Co.xls Review View Home Insert Page Layout Formulas Data P18 А B D E 2 COOKE COMPANY 3 3 Worksheet 4 For The Month Ended September 30, 2017 5 Trial Balance Adjusted Trial Balance 6 Account Titles Dr. Cr. Dr. Cr. 7 Cash 37,400 37,400 8 Supplies 18,600 4,200 9...
(c) Prepare the closing entries. Use J14 for the journal page. d) Post the closing entries. Use the three-column form of account. Income Summary is D. Thao, are as follows. Cr. Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account Titles Dr. Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid Insurance 2,000 Equipment 27,000...
mpany, owned by (c) Journalize the hujus (d) Journalize the closing entries from the financial P4-2A The adjusted trial balance columns of the worksheet for Thao Company, own D. Thao, are as follows. - Account No. 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 711 722 726 905 THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Dr. Cr. Account Titles Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid...
1.prepare a complete worksheet
2. prepare a classified balance sheet
3. journaliza the adjusting entries
Problem 3-12 Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. WILDHORSE COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Trial Balance Balance Debit Credit Debit Credit Cash 39,760 39,760 Supplies 20,960 4,161 Prepaid Insurance 31,900 4,265 Land 87,720 87,720 Equipment 127,720 127,720 Accumulated Depreciation-Equipment 38,560 40,850 Accounts Payable 16,960 16,960...
1. journalize the closing entries
2. prepare a post-closing trial balance
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and...
Requirement a. Journalize the transactions for
the year.
Requirement b. Post the journal entries to
t-accounts. Use the dates as posting references for the journal
entries to post each entry to the relevant accounts, then compute
the unadjusted balance of each account. Label the unadjusted
balances with Unadj.. Bal. (For accounts with a $0 ending
balance, select "Unadj. Bal." and enter "0" on the normal balance
side of the t-account.) Review the journal entries prepared in
Requirement a.
Requirement c....
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