Can someone please answer all of them
Bb Assignments - Accounting (1) Fin > 5 47415 X ECh04 Exercise - Google Docs learn-eu-central-1-prod-fleet01-xythos.$3.eu-central-1.amazonaws.com/5cb82b70c5878/47415?response-cache-control=.. NP. W Apps reddit: the front pa... Bb Welcome, Takiyu Al... . 3 W3Schools Online... w3r C++. Basic Exercises... - FAIR The Accounting Cyc. 47415 1/2 Chapter 4 Completing the Accounting Cycle BRIEF EXERCISES BE4-1 The steps in using a worksheet are presented in random order below. List the steps List the steps in preparing a in the proper order by placing numbers ing numbers 1-5 in the blank spaces. worksheet. (a) _ Prepare a trial balance on the worksheet (LO 1) (b) (c) adjusted balan Extend adjusted balances to appropriate statement columns. worksheet. statement columns, compute net income (loss), and complete the (e) Enter adjustment data. BE4-2 The ledger of Van Heiden Company, NV includes the following una unadjusted balances: Prepare partial worksheet. Prepaid Insurance 63,000, Service Revenue E61,000, and Salaries and Wages Expense (25,000. Adjusting entries are required for (a) expired insurance 61,300; (b) services per- (LO 1) formed E1,100, but unbilled and uncollected; and (c) accrued salaries payable E800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and Wages Payable, and Insurance Expense.) Identify worksheet columns for BE4-3 The following selected accounts appear in the adjusted trial balance columns of the selected accounts. worksheet for Cesar Company. Accumulated Depreciation; Depreciation Expense; Share (LO 1) Capital-Ordinary; Dividends; Service Revenue; Supplies; and Accounts Payable. Indicate the financial statement column (income statement Dr., statement of financial position Cr., etc.) to which each balance should be extended. Prepare closing entries from ledeer balances BE4-4 The ledger of Yilmaz Company contains the following balances: Retained Earnings 30,000; Dividends $2,000; Service Revenue $47,000; Salaries and Wages Expense $27,000; (LO 2) and Supplies entries at December 31. Post closing entries; underline and balance BE4-5 Using the data in BE4-4, enter the balances in T-accounts, post the closing entries, T-accounts. and underline and balance the accounts. (LO 2) BE4-6 The inc ment for Mosquera Golf Club for the month ending July 31 shows Service Revenue -19,200, Salaries and Wages Expense 68,800, Maintenance and Repairs Journalize and post closing Expense #2,500, and Net Income 67,900. Prepare the entries to close the revenue and entries using the three- column form of account expense accounts. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account. (LO 2) BE4-7 Using the data in BE4-3, identify the acco Identify post-closing trial closing trial balance. t would be included in a post- balance accounts. (LO 3) BE4-8 The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1-9 in the List the required steps in the blank spaces. accounting cycle in sequence. (a) _ (b ) _ Prepare a trial balance. (LO 4) ( c ) Journalize the transactions ( d) Journalize and post closing entries. (e) Prepare financial statements. e and post adjusting entries. + ( 9) Post to ledger accounts. (h) Prepare a post-closing trial balance. Prepare an adjusted trial balance. Analyze business transactions. Prepare correcting entries. BE4-9 At Rafeul Company SA, the following errors were discovered after the transactions (LO 5) had been journalized and posted. Prepare the correcting entries. 1. A collection on account from a customer for $1,140 was recorded as a debit to Cash 30 and a credit to Service Revenue E1,140. 2. The purchase of store supplies on account for $1,580 was recorded as a debit to Supplies 1,850 and a credit to Accounts Payable E1,850. Type here to search O e O N T 4:47 PM 7/15/2020Bb Assignments - Accounting (1) Fin > 5 47415 X ECh04 Exercise - Google Docs learn-eu-central-1-prod-fleet01-xythos.$3.eu-central-1.amazonaws.com/5cb82b70c5878/47415?response-cache-control=.. NP. W Apps reddit: the front pa... Bb) Welcome, Takiyu Al... . 3 W3Schools Online... w3r C++ Basic Exercises.. -WAR . The Accounting Cyc.. 47415 2/2 Prepare the current assets section of a statement of he statement of financial position debit column of the worksheet for Alvin Com- financial position. pany, Lid. includes the following accounts: Accounts Receivable E12,500; Prepaid Insur- (LO 6) ance $3,600; Cash E6,700; Supplies $5,200; and Short-Term Investments $4,900. Prepare the current assets section of the statement of financial position, listing the accounts in proper sequence. Classify accounts on statement of BE4-11 The following are the major statement of financial position classifications: position. Intangible assets (IA) (LO 6 Property, plant, and equipment (PPE) Equity (E) Long-term investments (LTI) Non-current liabilities (NCL) Current assets (CA) Current liabilities (CL) fication. Match each of the following accounts to its proper stat ment of financial position classi- _ Accounts payable Accounts receivable Income taxes payable Accumulated depreciation-buildings Debt investment (long-term) Building Land Inventory Cash Copyrights Patents _Supplies Prepare reversing entries. BE4-12 At October 31, Prasad Company Lid. made an accrued expense adjusting entry of (LO 7) 61,680 for salaries. Prepare the reversing entry on November 1, and indicate the balances entry. in Salaries and Wages Payable and Salaries and Wages Expense after posting the reversing + Type here to search O e 9 N T 4:47 PM 7/15/2020
