Fill in the below "Sept. Journal Entries": using the below
"Sept. Events"
Peyton Approved General Journal Entries Sep-18 Put entries in shaded cells Date Accounts DebitCredit Total
You just began a position as a financial accountant at Peyton
Approved. In this role, your first task is to prepare the company’s
financials for the year-end audit. Additionally, the company is
interested in expanding its business within the next year. They
would like your support in assessing their ability to meet their
goals.
ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs): GENERAL You just began a position as a financial accountant at Peyton Approved. In this role, your first...
Overview: You just began a position as a
financial accountant at Peyton Approved. In this role, your first
task is to prepare the company’s financials for the year-end audit.
Additionally, the company is interested in expanding its business
within the next year. They would like your support in assessing
their ability to meet their goals.
Refer to the data below and use the Final Project Workbook that
includes the income statement, balance sheet, retained earnings
statement and cash flow statement...
Prepare the income statement from the trial balance below.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest...
Record the general journal entries.
Overview: You just began a position as a
financial accountant at Peyton Approved. In this role, your first
task is to prepare the company’s financials for the year-end audit.
Additionally, the company is interested in expanding its business
within the next year. They would like your support in assessing
their ability to meet their goals.
Refer to the data below and use the Final Project Workbook that
includes the income statement, balance sheet, retained earnings
statement and cash flow statement...
The following events take place:1.2.3.James Smith died and left 100 acres of undeveloped land to the city for a future park. He acquired the land at $100 an acre, but at the date of his death, the land was appraised at $7,200 an acre.The city authorized the transfer of $110,000 of general revenues and the issuance of $1,050,000 in general obligation bonds to construct improvements on the donated land. The bonds were sold at par.The improvements were completed at a...
To record adjusting entries, use:A. Report menu > General Journal Entries.B. Company menu > Make General Journal Entries.C. Banking menu > Make General Journal EntriesD. Accountant menu > Journal Entries
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...
Post the entries in the general journal below to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Calderone Company. Assume the following account balances at January 1, 2019: Accounts Receivable (control account) $ 7,560 Accounts Receivable—John Gibrone 4,500 Accounts Receivable—Jim Garcia 2,070 Accounts Receivable—June Lin 990 GENERAL JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 2019 Jan. 8 Cash 450 Accounts Receivable/John Gibrone 450 Received partial payment on account...