Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chart of Accounts Stockholders' Equity (300) Common Stock Retained Earnings 320 Dividends Income Summary Assets (100) 310 Cash A/R Supplies Prepaid Rent Prepaid Insurance Office

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Chart of Accounts Stockholders' Equity (300) Common Stock Retained Earnings 320 Dividends Income Summary Assets (100) 310 Cash A/R Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation 110 120 130 140 150 160 165 330 340 Revenue (400) Fees Earned -Office Equipment 410 Expenses (500) Salary Expense Rent Expense Supplies Expense Depreciation Expense 540 Insurance Expense 550 Miscellaneous Expense 560 Liabilities (200) A/P Salaries Payable Unearned Fees 210 220 230 510 520 530 Use the Journal and General Ledgers provided by your teacher. Use your own paper for all other work. Packets stapled out of order will receive a lower grade. Official Order: 1. Journal entries (Regular, Adjusting, and Closing entries... IN ORDER) (MY FORMS) 2. Ledgers (in numerical order) (USE MY FORMS) Note: There are approximately 21 3. Financial Statements: Trial Balance, Adjusted Trial Balance, Income Statement, 4. PCTB: (USE YOUR OWN PAPER) ledgers accounts that have to fit into 22. (You have an extra ledger-just in case.) Retained Earnings Statement, and Classified Balance Sheet. (USE YOUR OWN PAPERS Chart of Accounts Stockholders' Equity (300) Common Stock Retained Earnings 320 Dividends Income Summary Assets (100) 310 Cash A/R Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation 110 120 130 140 150 160 165 330 340 Revenue (400) Fees Earned -Office Equipment 410 Expenses (500) Salary Expense Rent Expense Supplies Expense Depreciation Expense 540 Insurance Expense 550 Miscellaneous Expense 560 Liabilities (200) A/P Salaries Payable Unearned Fees 210 220 230 510 520 530 Use the Journal and General Ledgers provided by your teacher. Use your own paper for all other work. Packets stapled out of order will receive a lower grade. Official Order: 1. Journal entries (Regular, Adjusting, and Closing entries... IN ORDER) (MY FORMS) 2. Ledgers (in numerical order) (USE MY FORMS) Note: There are approximately 21 3. Financial Statements: Trial Balance, Adjusted Trial Balance, Income Statement, 4. PCTB: (USE YOUR OWN PAPER) ledgers accounts that have to fit into 22. (You have an extra ledger-just in case.) Retained Earnings Statement, and Classified Balance Sheet. (USE YOUR OWN PAPERS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions