CICE The data needed to determine year-end adjustments are as follows: A. Supplies on hand at March 31 are $7,500. B. Insurance premiums explred during year are $2,400 C. Depreciation of equipment during year is $8,550. D. Depreciation of trucks during year is $6,100. E. Wages accrued but not paid at March 31 are $600 Required: 1. For each account listed in the trial balance, enter the balance in the appropriate Balance column of a four-column account and select the check mark in the Post. Ref. column 2 (Optional) on your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and complete the work sheet 3. a. Joumalize the adjusting entries on Page 26 or the journal. Adjusting entries are recorded on March 31. Refer to the Chart of Accounts for exact wording of account titles b. Post the adjusting entries to the ledger, inserting balances in the accounts affected 4. Prepare an adjusted trial balance 5. a. Prepare an income statement for the year ended March 31, 2014. ' a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. You will not need to enter colons () on the income statement. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. b. Prepare a statement of stockholders' equity for the year ended March 31, 2074, additional common stock of 87,000 was issued. Be sure to complete the statement heading. Refer to the Asts of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted or negative numbers use a minus sign C. Prepare a balance sheet as of March 31, 2014. Be sure to complete the statement heading Fixed assets must be entered in order according to account number. You will not need to enter colons() or the word "Less" on the balance sheet they will automatically insert Check My Work 3 more Check My Work CICE The data needed to determine year-end adjustments are as follows: A. Supplies on hand at March 31 are $7,500. B. Insurance premiums explred during year are $2,400 C. Depreciation of equipment during year is $8,550. D. Depreciation of trucks during year is $6,100. E. Wages accrued but not paid at March 31 are $600 Required: 1. For each account listed in the trial balance, enter the balance in the appropriate Balance column of a four-column account and select the check mark in the Post. Ref. column 2 (Optional) on your own paper or spreadsheet, enter the unadjusted trial balance on an end-of-period work sheet and complete the work sheet 3. a. Joumalize the adjusting entries on Page 26 or the journal. Adjusting entries are recorded on March 31. Refer to the Chart of Accounts for exact wording of account titles b. Post the adjusting entries to the ledger, inserting balances in the accounts affected 4. Prepare an adjusted trial balance 5. a. Prepare an income statement for the year ended March 31, 2014. ' a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. You will not need to enter colons () on the income statement. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. b. Prepare a statement of stockholders' equity for the year ended March 31, 2074, additional common stock of 87,000 was issued. Be sure to complete the statement heading. Refer to the Asts of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted or negative numbers use a minus sign C. Prepare a balance sheet as of March 31, 2014. Be sure to complete the statement heading Fixed assets must be entered in order according to account number. You will not need to enter colons() or the word "Less" on the balance sheet they will automatically insert Check My Work 3 more Check My Work
