a) Prepare the appropriate adjusting entries on June 30, 2014 HINT. Where might you look to find information to prepare the adjusting entries? NOTE The adjusting entries will be automatically posted to the general ledger when you click Submit' and the correct adjusted perveral ledger balances wit be watatie in the solution to Parte General ou Pacsus Account Credit LE b) What is the next step in the accounting cycle? O Prepare an adjusted trial balance O Prepare a post-closing trial balance O Prepare closing entries O Prepare an unadjusted trial balance Prepare financial statements Analyze and journaline transactions O Poat transactions This is the last step Vas Apex Consulting Corp. Unadjusted Trial Balance June 30, 2014 Cash Accounts receivable Prepaid rent Furniture Machinery Accumulated depreciation, machinery... Accounts payable. Unearned consulting revenue. Share capital Dividends. Retained earnings. Consulting revenue earned. Salaries expense. Insurance expense. Advertising expense Food and drinks expense. Repair expense. Utilities expense Totals Debit Credit 234,076 97,756 3,600 18,000 53,000 3,000 51,600 22,000 150,000 4,800 166,000 37,395 16,200 900 900 63 100 600 429,995 429,995 b) What is the next step in the accounting cycle? The correct answer is: Prepare adjusting entries a) Prepare the appropriate adjusting entries on June 30, 2014 HINT. Where might you look to find information to prepare the adjusting entries? NOTE The adjusting entries will be automatically posted to the general ledger when you click Submit' and the correct adjusted perveral ledger balances wit be watatie in the solution to Parte General ou Pacsus Account Credit LE b) What is the next step in the accounting cycle? O Prepare an adjusted trial balance O Prepare a post-closing trial balance O Prepare closing entries O Prepare an unadjusted trial balance Prepare financial statements Analyze and journaline transactions O Poat transactions This is the last step Vas Apex Consulting Corp. Unadjusted Trial Balance June 30, 2014 Cash Accounts receivable Prepaid rent Furniture Machinery Accumulated depreciation, machinery... Accounts payable. Unearned consulting revenue. Share capital Dividends. Retained earnings. Consulting revenue earned. Salaries expense. Insurance expense. Advertising expense Food and drinks expense. Repair expense. Utilities expense Totals Debit Credit 234,076 97,756 3,600 18,000 53,000 3,000 51,600 22,000 150,000 4,800 166,000 37,395 16,200 900 900 63 100 600 429,995 429,995 b) What is the next step in the accounting cycle? The correct answer is: Prepare adjusting entries
