Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter Four P4-9A: Supplementary Assignment Two Spring 2018 ACCT 21O1-D .Piegure Tacounits light-column accounting paper) including account balances as of January 31, 2017 before adjustments

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Chapter Four P4-9A: Supplementary Assignment Two Spring 2018 ACCT 21O1-D .Piegure Tacounits light-column accounting paper) including account balances as of January 31, 2017 before adjustments 2. Jourmalize adjusting entries (two-column accounting paper) in proper form. 3. Post adjusting journal entries to aforementioned T-accounts (eight-column accounting paper). T-account balances after posting adjusting entries (eight-column accounting paper). Prepare worksheet (twelve-column accounting paper) using the following form: a Complete heading, including company name, worksheet, and proper date. b. Col. 1: Account c. Col. 2&3: Unadjusted Trial Balance d. Col. 4&S: Adjusting Entries e. Col. 6&7: Adjusted Trial Balance f. Col. 8 &9: Income Statement g Col. 10&11: Balance Sheet h. Col. 12&13: Post-closing Trial Balance Prior to completing this step, first journalize closing entries in proper form; post to aforementioned T-accounts, and compute ending T-account balances. Upon completion, all temporary accounts should have zero balances. 6. Prepare formal financial statements including: (1) Single-step Income Statement; (2) Statement of Retained Earnings; and (3) Classified Balance Sheet (four-column accounting paper). 7. Prepare closing journal entries (two-column accounting paper) and post to general ledger accounts (eight-column accounting paper). 1 of 2

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

Final Work On Internal Audit Internal Audit And Its Management

Authors: Silvia Mamani

1st Edition

6203099651, 978-6203099652

More Books

Students also viewed these Accounting questions

Question

1. Think of proposals primarily as persuasive documents

Answered: 1 week ago