Can I please get help with the attached accounting problems?

3/8/2016 Brief Exercise 42 Print by: Brandon Jackson AB114: Accounting I 1601A03 / Lab 114 Unit 5 Homework *Brief Exercise 42 The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $4,200, Service Revenue $59,900, and Salaries and Wages Expense $23,800. Adjusting entries are required for (a) expired insurance $1,700 (b) services performed $1,200, but unbilled and uncollected and (c) accrued salaries payable $700. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Trial Balance Account Titles Dr. Adjustments Cr. Dr. Cr. LENTZ COMPANY Worksheet Adjusted Trial Balance Dr. Cr. Income Statement Dr. Balance Sheet Cr. Dr. Cr. Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1 3/8/2016 Brief Exercise 44 Print by: Brandon Jackson AB114: Accounting I 1601A03 / Lab 114 Unit 5 Homework *Brief Exercise 44 The ledger of Duston Company contains the following balances: Owner's Capital $31,200 Owner's Drawings $1,200 Service Revenue $52,000 Salaries and Wages Expense $28,500 and Supplies Expense $6,800. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dec. 31 Dec. 31 Dec. 31 Dec. 31 Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1 3/8/2016 Brief Exercise 45 Print by: Brandon Jackson AB114: Accounting I 1601A03 / Lab 114 Unit 5 Homework *Brief Exercise 45 The ledger of Duston Company contains the following balances: Owner's Capital $30,500 Owner's Drawings $2,600 Service Revenue $51,000 Salaries and Wages Expense $26,300 and Supplies Expense $6,200. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close drawings. Post the closing entries in the order presented in the problem and use the numbers as a reference. Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1 3/8/2016 Exercise 41 Print by: Brandon Jackson AB114: Accounting I 1601A03 / Lab 114 Unit 5 Homework *Exercise 41 The trial balance columns of the worksheet for Dixon Company at June 30, 2017, are as follows. DIXON COMPANY Worksheet For the Month Ended June 30, 2017 Trial Balance Account Titles Dr. Cash Accounts Receivable 2,400 Supplies Cr. 2,200 1,900 Accounts Payable 1,100 Unearned Service Revenue 370 Owner's Capital 2,170 Service Revenue 3,700 Salaries and Wages Expense 640 Miscellaneous Expense 200 7,340 Total 7,340 Other data: 1. A physical count reveals $300 of supplies on hand. 2. $200 of the unearned revenue is still unearned at monthend. 3. Accrued salaries are $270. Complete the worksheet. Account Titles Trial Balance Dr Adjustments Cr. Cash 2,200 Accounts Receivable 2,400 Cr. 2,170 Service Revenue Totals 370 Owner's Capital Miscellaneous Expense 1,100 Unearned Service Revenue Salaries and Wages Expense Dr 1,900 Accounts Payable Adj. Trial Balance Cr. Supplies Dr 3,700 640 200 7,340 7,340 Supplies Expense Salaries and Wages Payable Totals Net Income Totals Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1 3/8/2016 Exercise 45 Print by: Brandon Jackson AB114: Accounting I 1601A03 / Lab 114 Unit 5 Homework *Exercise 45 The adjustments columns of the worksheet for Becker Company are shown below. Adjustments Account Titles Debit Accounts Receivable Credit 1,430 Prepaid Insurance 310 Accumulated DepreciationEquipment 1,000 Salaries and Wages Payable 410 Service Revenue 1,430 Salaries and Wages Expense 410 Insurance Expense 310 Depreciation Expense 1,000 3,150 3,150 Your answer is partially correct. Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Service Revenue [no answer] 1430 Service Revenue 1430 [no answer] Insurance Expense 310 Insurance Expense 310 Depreciation Expense 1000 Depreciation Expense 1000 Salaries and Wages Expense 410 Salaries and Wages Expense 410 Your answer is correct. Assuming the adjusted trial balance amount for each account is normal, indicate with an "X" the financial statement column to which each balance should be extended. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/2 3/8/2016 Exercise 45 Account Titles Income Statement Debit Credit Balance Sheet Debit Accounts Receivable X Prepaid Insurance Credit X Accumulated DepreciationEquipment X Salaries and Wages Payable X Service Revenue X Salaries and Wages Expense X Insurance Expense X Depreciation Expense X Question Attempts: 5 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 2/2 3/8/2016 Problem 43A Print by: Brandon Jackson AB114: Accounting I 1601A03 / Lab 114 Unit 5 Homework *Problem 43A The completed financial statement columns of the worksheet for Bray Company are shown as follows: BRAY COMPANY Worksheet For the Year Ended December 31, 2017 Income Statement Account No. Account Titles Dr. Balance Sheet Cr. Dr. Cr. 101 Cash 112 Accounts Receivable 8,800 130 Prepaid Insurance 157 Equipment 158 Accumulated DepreciationEquip. 4,700 201 Accounts Payable 9,000 212 Salaries and Wages Payable 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 622 Maintenance and Repairs Expense 1,400 711 Depreciation Expense 3,000 722 Insurance Expense 726 Salaries and Wages Expense 732 Utilities Expense 10,600 3,000 24,300 2,300 19,900 11,000 59,700 1,800 30,300 1,400 Totals 37,900 Net Income 59,700 57,700 35,900 59,700 57,700 21,800 59,700 21,800 57,700 Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) BRAY COMPANY Income Statement For the Year Ended December 31, 2017 Revenues 59700 Service Revenue Expenses Salaries and Wages Expense 30300 Maintenance and Repairs Expense 1400 Utilities Expense 1400 Depreciation Expense 3000 Insurance Expense 1800 Total Expenses Net Income / (Loss) 37900 $ 21800 Your answer is correct. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/4 3/8/2016 Problem 43A Prepare owner's equity statement. (List items that increase owner's equity first.) BRAY COMPANY Owner's Equity Statement For the Year Ended December 31, 2017 Owner's Capital, January 1 19900 Add : Net Income / (Loss) 21800 41700 Less : Drawings 11000 Owner's Capital, December 31 30700 Your answer is partially correct. Try again. Prepare a classified balance sheet. (List Current Assets in order of liquidity.) BRAY COMPANY Balance Sheet December 31, 2017 Current Assets Cash $ 8800 Accounts Receivable 10600 Prepaid Insurance 3000 $ 22400 Total Current Assets Property, Plant and Equipment Equipment 24300 Less : Accumulated DepreciationEquipment 4317 19983 Total Assets $ 42383 Liabilities and Owner's Equity Current Liabilities $ 9000 Accounts Payable Salaries and Wages Payable 2300 $ 11300 Total Current Liabilities Owner's Equity Owner's Capital 30700 $ 42000 Total Liabilities and Owner's Equity Your answer is partially correct. Try again. Prepare the closing entries. L. Bray did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Service Revenue 59700 Income Summary http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 59700 2/4 3/8/2016 Problem 43A Income Summary 37900 Salaries and Wages Expense 30300 Maintenance and Repairs Expense 1400 Utilities Expense 1400 Depreciation Expense 3000 Insurance Expense 1800 21800 Owner's Capital Owner's Capital Owner's Capital 21800 11000 Owner's Drawings 11000 Your answer is partially correct. Try again. Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) 12/31 12/31 12/31 Bal. 12/31 Bal. 12/31 12/31 12/31 Bal. 12/31 Bal. 12/31 Bal. 12/31 Bal. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 3/4 3/8/2016 Problem 43A 12/31 Bal. 12/31 Bal. 12/31 Bal. Your answer is correct. Prepare a postclosing trial balance. BRAY COMPANY PostClosing Trial Balance December 31, 2017 8800 10600 3000 24300 Accumulated DepreciationEquipment 4700 Accounts Payable 9000 Salaries and Wages Payable 2300 Owner's Capital 30700 46700 46700 Cash Accounts Receivable Prepaid Insurance Equipment Totals Question Attempts: 4 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 4/4