BUAD 111 Project - Part 6 This is the final part of the project. In this part, you will complete the year end adjusting entries, bank reconciliation, and make the final adjustments to the general ledger and trial balance The following information is provided regarding the required adjusting entries and bank reconciliation Remember, as always, to update your version to match the solution provided so you have the correct starting point. Adjusting journal entries at December 31, 2021: 31 Depreciation expense on the equipment for December has been correctly calculated to be $121. 31 The supplies were counted and costed out on December 31. The were $91 of office supplies remaining 31 31 days of interest expense has accrued on the note payable and must be recorded. The annual Interest rate is 7%. Round the interest amount to the nearest full dollar 31 All of the uneared revenue has been earned. (Credit Sales Revenue). 31 The casual worker worked on December 30 and 31 and will be paid $67 cash on January 5. Your final adjusting entry will be to record the bank reconciling items. First, you will have to reconcile the bank account. The information you need is 31 Previous Month's Bank Reconciliation (at Nov. 30, 2021) Barkbalance Addos deposit 4.324 910 Lesso che 315 316 140 57 Reconciled balance 5,037 GL Cash balance Lakservice charge Reconciled balance 6,055 10 5037 Credits Balance 910 900 Current Bank statement showing transactions for December, 2021 Explanation Debes Nov. 30 Balance De 1 2 Deport Cogue3310 Depost 10 Chega 100 52 1 Chaq 63 Cheque 21 26 C3319 2291 27 Debt memorandum 54 31 Chege 321 103 Service charge 13 2843 5230 5X112 6501 6027 5.00 5845 33362 37403 32 1900 NOTE: The Debit memorandum is a charge for new chegues that your business ered previously in the business it will be debited to rest & Blank Charges Expo instructions Jonate the distingumas described in formationen (Use the fors from Parinthe generator Prepare for reconciation to you can make your tiral stingatan courtingumantting from the bank rection Pout your acting on to the general ledge. Use the same gregor you used in Parts e. Prepare the bed O acer BUAD 111 Project - Part 6 This is the final part of the project. In this part, you will complete the year end adjusting entries, bank reconciliation, and make the final adjustments to the general ledger and trial balance The following information is provided regarding the required adjusting entries and bank reconciliation Remember, as always, to update your version to match the solution provided so you have the correct starting point. Adjusting journal entries at December 31, 2021: 31 Depreciation expense on the equipment for December has been correctly calculated to be $121. 31 The supplies were counted and costed out on December 31. The were $91 of office supplies remaining 31 31 days of interest expense has accrued on the note payable and must be recorded. The annual Interest rate is 7%. Round the interest amount to the nearest full dollar 31 All of the uneared revenue has been earned. (Credit Sales Revenue). 31 The casual worker worked on December 30 and 31 and will be paid $67 cash on January 5. Your final adjusting entry will be to record the bank reconciling items. First, you will have to reconcile the bank account. The information you need is 31 Previous Month's Bank Reconciliation (at Nov. 30, 2021) Barkbalance Addos deposit 4.324 910 Lesso che 315 316 140 57 Reconciled balance 5,037 GL Cash balance Lakservice charge Reconciled balance 6,055 10 5037 Credits Balance 910 900 Current Bank statement showing transactions for December, 2021 Explanation Debes Nov. 30 Balance De 1 2 Deport Cogue3310 Depost 10 Chega 100 52 1 Chaq 63 Cheque 21 26 C3319 2291 27 Debt memorandum 54 31 Chege 321 103 Service charge 13 2843 5230 5X112 6501 6027 5.00 5845 33362 37403 32 1900 NOTE: The Debit memorandum is a charge for new chegues that your business ered previously in the business it will be debited to rest & Blank Charges Expo instructions Jonate the distingumas described in formationen (Use the fors from Parinthe generator Prepare for reconciation to you can make your tiral stingatan courtingumantting from the bank rection Pout your acting on to the general ledge. Use the same gregor you used in Parts e. Prepare the bed O acer
