Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

anslate News Chrome Web Store eBook Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2015 Debit Balances Credit Balances Cash Accounts Receivable 13,330 88,510

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
anslate News Chrome Web Store eBook Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2015 Debit Balances Credit Balances Cash Accounts Receivable 13,330 88,510 21,330 450,220 20,790 23,460 55,000 255,000 Supplies Equipment Accounts Payable Unearned Fees Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 17,600 533,200 123,700 94,380 67,720 10,660 887,450 887,450 For nearing the adjusting entrips the following tata were assembled: Check My Work 2 more Check My Work uses remaining All work saved For preparing the adjusting entries, the following data were assembled Supplies on hand op Aint 30 were $7,880 Pescared but unbilled on April 30 were 59,650. Depreciation of equament was estimated to be $13,330 for the year Unpaid wages accred on April 30 were $1,710. The balance in unearned fees represented the orit i receipt in advance for services to be provided. Cely 518,530 of the services was provided between April and Arts Required: 1. Journalize the adjusting entres necessary on April 30, 20751 an amount bor does not require an entry. lave le black Apr 30 8 30 30 Ock My Work Che Worsemarang (ous Now All work saved malo Armer for Required: 1. Journalize the adjusting entries necessary on April 30, 2015. If an amount box does not require an entry, leave it blank. Apr. 30 30 30 II II II II II II II II 30 30 2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. before the adjusting entries Revenues Check My Work 2 more Check My Work uses remaining All work saved. Email Instructor Save and 2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co, before the adjusting entries. Revenues Expenses Net income 3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries. Revenues Expenses Net income 4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings by s Check My Work 2 more Check My Work uses remaining All work saved

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions