Question
8 CHAPTER 5 Accounting for Merchandising Activities Purchased $4,800 of computer supplies from Abbott Office Products on credit. 9 Received the balance due from
8 CHAPTER 5 Accounting for Merchandising Activities Purchased $4,800 of computer supplies from Abbott Office Products on credit. 9 Received the balance due from Grandview Co. for merchandise sold on February 23, 11 Repaired the company's computer paying cash of $1,720. 16 Received $8,520 cash from Images Inc. for computing services. 19 Paid the full amount due to Abbott Office Products, including amounts created on December 17 and March 8, 24 Billed Capital Leasing for $11,800 of computing services. 25 Sold merchandise with a cost of $2,004 for $3,600 on credit to Buckman Services. 30 Sold merchandise with a cost of $2,200 for $4,440 on credit to Decker Company, 31 Reimbursed Mary Graham's business automobile expenses for 400 km at $1.00 per kilometre. Post the journal entries to the accounts in the company's general ledger. (Use asset, liability, and equity accounts that start with balances as of December 31, 2020.) Prepare a partial work sheet consisting of the first six columns showing the unadjusted trial balance, the March 31 adjustments described in (a) through (g) below, and the adjusted trial balance. Do not prepare closing entries and do not journalize the adjusting entries or post them to the ledger. a. The March 31 computer supplies on hand is $4,230. b. Three more months have passed since the company purchased the annual insurance policy at the cost of $4.320. c. Carly Smith has not been paid for seven days of work. d. Three months have passed since any prepaid rent cost has been transferred to expense. The monthly rent is $2,250. e. Depreciation on the computer for January through March is $2,250. f. Depreciation on the office equipment for January through March is $1,500. g. The March 31 inventory of merchandise is $1,960. 4. Prepare an interim single-step income statement for the three months ended March 31, 2021. List all expenses without differentiating between selling expenses and general and administrative expenses. 5. Prepare an interim statement of changes in equity for the three months ended March 31, 2021. & Prepare an interim classified balance sheet as of March 31, 2021. blog eboon to teap ho 09h00-271 state lonen slut brains 210119 viol 395
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