BE 4-7 Using data in BE4-3,identity the accounts that would be included in a post closing trial bala
nts apped Depress and Accounts wrial balance colu coreciation Exper counts Payable. In ompleting the Accounting Cycle elecany: Accuenue, Supp balance sheet Cr., etc.) et Cr, etc.) to when shows BE4-3 The following selected accounts appear in the adjusted tria worksheet for Ashram Company: Accumulated Depreciation, Den Capital Owner's Drawings, Service Revenue, Supplies, and Acco financial statement column (income statement Dr., balance sheer balance should be extended. 12 52.100 ng balances: Owner's 000, Salaries and was ries at December 31 ent gentries from BE4-4 The ledger of Duston Company contains the following ba $30,000, Owner's Drawings $2,000, Service Revenue $50,000, Sal. $29,000, and Supplies Expense $7,000. Prepare the closing entries post the closing DO BE4.5 Using the data in BE4-4, enter the balances in T-accounts and underline and balance the accounts. he month ending 400. Maintena T-accounts Dom extend nd post closing the shore of account entries to close the e accounts, and en form of account. BE4-6 The income statement for Arbor Vitae Golf Club for them shows Service Revenue $16,400, Salaries and Wages Expense $8.400 Repairs Expense $2.500, and Net Income $5.700. Prepare the entries and expense accounts. Post the entries to the revenue and expense acco the closing process for these accounts using the three-column form of a Servic Notes Own included in a lasing trial ms. BE4-7 Using the data in BE4-3, identify the accounts that would be include closing trial balance. DO men Ow Ow Nc ng numbers 1-9 and steps in the le in sequence BE4-8 The steps in the accounting cycle are listed in random order below The in proper sequence, assuming no worksheet is prepared, by placing number 1 (b) blank spaces. Prepare a trial balance. Journalize the transactions. Journalize and post closing entries. Prepare financial statements. Journalize and post adjusting entries. o g Post to ledger accounts. UNDE Prepare a post-closing trial balance. Prepare an adjusted trial balance. Analyze business transactions. 3 g entries. BE4-9 At Raymond Company, the following errors were discovered after the tran had been journalized and posted. Prepare the correcting entries. 1. A collection on account from a customer for $870 was recorded as a debit and a credit to Service Revenue $870. 2. The purchase of store supplies on account for $1.510 was recorded as a plies $1,150 and a credit to Accounts Payable $1,150. a debit to Cash rded as a debito 1 assers e sheet. BE4-10 The balance sheet debit column of the worksheet for Mrotet the following accounts: Accounts Receivable $12,500, Prepaid Insuram 54.100, Supplies $5,200, and Debt Investments (short-term) $6,700. assets section of the balance sheet, listing the accounts in proper sequent olet Company inc urance $3,600 Prepare the cu
