Question

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 I Next

Answer 1

1)
	a	4
	b	5
	c	3
	d	2
	e	1
2)
	a	Insurance Expenses	Income Statement
	b	Account Payable	Balance Sheet
	c	Prepaid Service Fees	Balance Sheet
	d	Interest expenses	Income Statement
	e	Factory	Balance Sheet
	f	Wages Payable	Balance Sheet
	g	Equipment	Balance Sheet
	h	Cash	Balance Sheet
	i	Office Equipment	Balance Sheet
3)		Plant	A
		Furniture	A
		Owner, capital	E
		Owner, withdrawal	E
		Equipment	A
		Salaries Payables	L
		Prepaid Rent	A
		Unearned Subscriptions	L
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