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4) Apple Crisp Corporation (ACC) has the following adjusted accounts and balances at year-end. The company's year end is October 31, 2021. Accounts payable Accounts

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4) Apple Crisp Corporation (ACC) has the following adjusted accounts and balances at year-end. The company's year end is October 31, 2021. Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation - buildings Accumulated depreciation - equipment Buildings Cash Contributed capital Depreciation expense Deferred revenue Equipment Income taxes expense Income taxes payable Interest expense Inventory Land Long-term debt Mortgage payable Prepaid expenses Salaries expense Rent expense Retained earnings Sales revenue $24,200 18,000 3,500 38,400 11,000 74,000 12,500 12,000 12,500 2,000 22,000 10,000 5,500 2,900 14,000 56,000 23,000 41,000 5,500 12,000 8,500 18,800 68,500 Required (49 marks): ) Prepare an adjusted trial balance in good form for ACC at October 31, 2021. b) Prepare a multi-step statement of earnings in good form for the year ended October 31, 2021. You can ignore earnings per share. c) Prepare a statement of financial position in good format October 31, 2021. 2) Funny Games Inc. (FGI) operates a gaming centre in Brandon, Manitoba and has a September 30 year end. The following transactions occurred in September 2021: Sept.1: FGI collected $2,000 cash from customers for games played that day. Sept.2: Paid electrician $400 cash to fix broken light in store. Sept.4: FGI collected $3,000 in cash from customers who booked private rooms for birthdays parties later in the month. Sept.7: FGI sold $600 of prize inventory for cash. The prize inventory had a cost of $450. Sept.17: FGI paid employees $2,800 for work in September Sept.22: Customers who had previously booked and paid for private rooms for birthdays on Sept.4th celebrated Erlebrated at FGI. Sept.28: FGI paid $2,500 cash for Insurance coverage from November 1, 2021 through October 31, 2022. Sept.30: Received the September bill from Manitoba Hydro in the amount of $650 that is due on November 10th. Required: Prepare the journal entries for Funny Games Inc. for the month of September 2021 (18 marks)

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