accounting

Directions Journal Ledger Adjusted Trial Balance Financial St ACC 120 - Principles of Financial Accounting (Case #2) Version A Student's Name: Your Name Here Directions 1 Use this Excel template file (see tabs) to complete the required accounting activities and rename it to begin with your last name (ie Doe_Jane ACC 120 Case #2) 2 Journalize each adjusting entry on page 3 of your journal. (Do not complete PR-post reference) 3 Post adjusting entries to Ledger (Do not complete PR) 4 Prepare an Adjusted Trial Balance. 5 Prepare financial statements for the month of November Income Statement Statement of Owner's Equity Balance Sheet Notes/Tips: There were no investments by owner during the reporting period. This company prepares an Adjusted Trial Balance and Financial Statements at the end of each month. All adjustments are for the last 30 days. (Effective date Nov 30) Print the completed Journal before you post to the ledger and completed ledger before you prepare the ATB. May help avoid errors. Credit Det 40.580 6550 2.100 1200 100.000 75.000 12.500 Oak Landscaping Company Unadjusted Trial Balance November 30, 2020 Account 110 Cash 120 Accounts Receivable 130 Supplies 140 Prepad Insurance 150 Land 160 Building 161 Accurred Depreciation Building 170 Landscaping Equipment 170 ACourated Depreciation Landscaping Equipment 210 Accounts Payable 220 Ureated Landscaping Revenues 230 Viages Payable 310 J. Doe. Cepill 320J. Doe Drawings 410 Landscaping Reverie 310 Wages Exp 520 Rent Exp 530 Depreciation Exp. Balding 340 Depreciation Exp - Landscaping Equipment 550 juices Exp 560 Supplies Expense 570 Insurance Expense 680 Misc. Ex 29.200 30.000 160 550 3500 23.100 4500 3000 2.240 00 Total 250 50 256.850 Directions Journal Ledger Adjusted Trial Balance Financial Statements Do Not Modify formatting You have already journalized and posted routine entries through the month of November and created your Unadjusted Trial Balance (See Directions). The following data have been assembled for adjusting entries. a It was determined the Unearned Landscaping Revenue balance should be $18,000, since $12,000 of these services were provided to customers during the month. (Some customer's pay in advance for their services.) b Depreciation for the building for November is $300. Depreciation for the Landscaping Equipment is $175. d The Prepaid Insurance unadjusted balance is for a 12 month liability insurance policy purchased on November 1st and beginning that day. After taking inventory on Nov 30, the Supplies on hand was $1,500. The company has provided (eamed) $15,000 of landscaping services in November that it has not yet billed for g Accrued wages at Nov 30 are $1,000 Oak Landscaping Company General Journal Page 3 Date Account Titles and Explanation PR Debit Credit Notes You do not need to post the Ledger account for this You do not need to hide any plan of the Do not leave an empty line between Journal entries. T A brotacions com entries have a historie Debit and Credite always gual Post ALL James to the Ledger Wunsure of what to do-review vio and it Your Name Here Directions Journal Ledger Adjusted Trial Balance Financial Statements RALLEDER Cal But Wh T TRUST LEM ERE Laterne LLO home before CE BALANCE La Limaria CD LAT OT be Land CREDIT TACHE 20 TER ERIT LON LE TUOTTAWY CAMI TRE UT CLER RET THE TUT CARE Top TET TT ZRTY Day MER RT ho ZET HO Laprendien Whe ZETT GOO Luptation Show more ants LLO TET LY BERG CO TANCE Laman LU CILINI Degredo Llapit LI TET STEP La Liga Top TED TALARI ACCOUNT LALAR Landon CREDIT 131 ECCO LACE TEL TATT TAHT LE Directions Journal Ledger Adjusted Trial Balance Financial Statements Debit Credit Reminders Do Not modity Formatting Dobits always equal credits. We find error Al account balance be reflected on the Financial Stand d'account does not have no bale wenty your work Refor to Adjusted of Balance example in Chapter DO NOT MODIFY FORMATTING Oak Landscaping Company Adjusted Trial Balance November 30, 2020 Account Cash Accounts Receivable Supplies Prepaid Insurance Land Building Accumulated Depreciation - Building Landscaping Equipment Accumulated Depreciation - Landscaping Equipment Accounts Payable Unearned Landscaping Revenue Wages Payable J. Doe. Capital J. Doe Drawings Landscaping Revenue Wages Expense Rent Expenso Depreciation Expense - Building Depreciation Expense - Landscaping Equipment Utilities Expense Supplies Expense Insurance Expense Miscellaneous Expense Directions Journal Ledger Adjusted Trial Balance Financial Statements Note Chapter 42 for promoting of ancial Statement DO NOT MODIFY FORMATTING Oak Landscaping Company Income Statement Oak Landing Company Balance sheet Asset Oy Abans will be recomme you crum Don't forget to each woment Liables Oak Landscaping Company Statement of Owner's Equity Ownera quity #