GRADED CHAPTER 4 HW PREVIOUS 3 Next Problem 3: P4-29A Background: Erickson Real Estate Appraisal has completed all necessary transactions and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. Assignment: 1) Under the Reports tab, review the Trial Balance generated as a 2) Using the General Journal tab, click Add Transaction to journalize each closing entry needed. Be sure to click the checkbox 3) Under the Reports tab, review the results of recording these dosing entries on the General Ledger 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the Jone transactions 5) Click Submit Work when complete Transactions: 06/30/2018 Closed any revenue accounts, 06/30/2018 Closed any expense accounts (compound entry) 06/30/2018 Closed Income Summary account 06/30/2018 Closed the withdrawals account. SAMEWORK RESES SUAMIT WORK Business RERORIS COMPANY TORATION CHART OF ACCOUNT June 30, 2018 - July 29, 2018 > GENERAL JOURNAL Date Accounts Debit Credit Closing Entry No transactions in Journal Ano TRANSACTION DETECTORS 5) Click Submit Work when complete. Transactions: 06/30/2018 Closed any revenue accounts. 06/30/2018 Closed any expense accounts (compound entry) 06/30/2018 Closed Income Summary account. 06/30/2018 Closed the withdrawals account. SAVE WORK RESET RESULTS SUAMIT WORK BUSINESS REPORTS June 30, 2018 - July 29, 2018 > TRANSACTIONS BY DATE GENERAL LEDGER TRUAL BALANCE INCOME STATEMENT BALANCE SHEET Erickson Real Estate Appraisal Trial Balance July 29, 2018 Account Name Credit Cash Accounts Receivable Office Supplies Prepaid Insurance Land Building Accumulated Depreciation - Building Accounts Payable Debit 4,600 5,300 1,500 1,700 13,000 82,000 25,200 18,700 : Erickson Real Estate Appraisal has completed all necessary transactions and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. nment 1) Under the Reports tab, review the Trial Balance generated as a result of the June transactions 2) the General Journal tab, click Add Transaction to each Conny needed. Be sure to click the checkbox 3) that each transaction is a closing entry, the Reports tab, review the results of recording these 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions. 5) Click Submit Work when complete. Transactions: 06/30/2018 Closed any revenue accounts 06/30/2018 Closed any expense accounts (compound entry). 06/30/2018 Closed Income Summary account. 06/30/2018 Closed the withdrawals account SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS June 30, 2018 - July 29, 2018 > TRANSACTIONS BY DATE GENERAL LEDGER TOTAL BALANCE INCOME STATEMENT BALANCE SHEET SOUS 18,700 8,500 2.400 7,600 40.000 42.500 Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable, Long-term Erickson, Capital Erickson, Withdrawals Service Revenue Salaries Expense Supplies Expende Insurance Expense Utiles pense 27.300 49.100 33,500 100 4,100 B 200 Problem 3: P4-29A Background: Erickson Real Estate Appraisal has completed all necessary transactions and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. Assignments 1) Under the Reports tab, review the Trial Balance generated as a result of the June transactions 2) Using the General Journal tab, click Add Transaction to journalize each closing entry needed. Be sure to click the checkbox 3) Under the Reports tab, review the results of recording these 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions. 5) Click Submit Work when complete Transactions: 06/30/2018 Closed any revenue accounts 06/30/2018 Closed any expense accounts (compound entry). 06/30/2018 Closed Income Summary account 06/30/2015 Closed the withdrawals account. SAMEWORK RESET RESULTS SUBMIT WORK TRIAL BAARITONE STADT BALANCE SHEET 40.000 42,500 27,300 48,100 BUSINESS REPORTS TRANSACTIONS BY DATE GENERAL LEDGER Notes Payable, Long-term Erickson, Capital Erickson, withdrawals Service Revenue Salaries Expense Supplies Expense Insurance Expense uit Expense Depreciation Expense - Building Interestixpense Total 33,300 300 4,400 2.700 3,200 8.509 $183,000 5193,000 Hlas completed a necessary transactions and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. 1) Under the Reports tab, review the Trial Balance generated as 2) Using the General Journal tab, click Add Transaction to journalize each closing entry needed. Be sure to click the checkbo indicating that each transaction is a closing entry. 3) Under the Reports tab, review the results of recording these closing entries on the General Ledger 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions. 5) Click Submit Work when complete. Transactions: 06/30/2018 Closed any revenue accounts. 06/30/2018 Closed any expense accounts (compound entry). 06/30/2018 Closed Income Summary account. 06/30/2018 Closed the withdrawals account. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE INCOME STATEMENT BALANCE SHEET June 30, 2018 - July 29, 201 Erickson Real Estate Appraisal Income Statement Month Ended July 29, 2018 Service Revenue 48,100 Operating Expenses: Salaries Expense Supplies Expense Insurance Expense Utilities Expense Depreciation Expense - Building Total Operating Expenses 33,500 300 4-100 2.700 8,200 49,100 Operating Income LOSS) (1,000) Problem 3 : P4-29A Background: Erickson Real Estate Appraisal has completed all necessary transactions and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. Assignment: 1) Under the Reports tab, review the Trial Balance generated as a rsult of the June transactions, 2) Using the General Journal tab, click Add Transaction to needed. Be sure to click the checkbox Indicating that each transaction is a closing entry 3) Under the Reports tab, review the results of recording these 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions. 5) Click Submit Work when complete. Transactions: 06/30/2018 Closed any revenue accounts 06/30/2018 Closed any expense accounts (compound entry). 06/30/2018 Closed Income Summary account. 06/30/2018 Closed the withdrawals account. SAVE WORK RESET RESULTS SUBMIT WORK June 30, 2018 - July 29, 2018 > 2,700 Business REPORTS TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE CONE STATEMENT BALANCE SHEET Operating Expenses: Salaries Expense 33,500 Supplies Expense 300 Insurance Expense 4.400 Utilities Expense Depreciation Expense Building 8.200 Total Operating Expenses 49.100 Operating Income (Loss) (1.000) Other Revenues (Expenses) Gains (Losses) Interest Expense (8.500) Net Income (los) (9.500) Background: Assignment: Erickson Real Estate Appraisal has completed all necessary transactions 1) Under the Reports tab, review the Trial Balance generated as a and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. 2) Using the General Journal tab, click Add Transaction to journalize each closing entry needed. Be sure to click the checkbox onder a the Reports tab, review the results of recording these dosing entries on the General Ledger. 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions. 5) Click Submit Work when complete. Transactions: 06/30/2018 Closed any revenue accounts 06/30/2018 Closed any expense accounts (compound entry). 06/30/2018 Closed Income Summary account 06/30/2018 Closed the withdrawals account. SAVE WORK RESET RESULTS SUMMIT WORK June 30, 2018 - July 29, 2018 > BUSINESS REPORTS TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE ICONE STATE BALANCE SHEET ZULO Assets Current Assets: Cash Accounts Receivable Office Supplies Prepaid Insurance Total Current Assets 4.600 5,300 1.500 1.700 13,100 Property, Plant, and Equipment: Land Building Less Acumulated Depreciation - Building 13.000 2100 CA 56.500 GRADED CHAPTER 4 HW PREVIOUS 3 Nest 7 Problem 3 : P4-29A Background: Erickson Real Estate Appraisal has completed all necessary transactions and adjusting entries for the month of June. These transactions are summarized in the Trial Balance found in the Reports tab. Assignment: 1) Under the Reports tab, review the Trial Balance generated as a 2) Using the General Journal tab, click Add Transaction to journalize each closing entry needed. Be sure to click the checkbox Indicating that each transaction is a closing entry. 3) Under the Reports tab, review the results of recording these closing entries on the General Ledger 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions 5) Click Submit Work when complete Transactions: 06/30/2018 Closed any revenue accounts. 06/30/2018 Closed any expense accounts (compound entry) 06/30/2018 Closed Income Summary account. 06/30/2018 Closed the withdrawals account. SAVE WORK RAST R SUOMIT WORK June 30, 2018 - July 29, 2018 13,000 BUSINESS REPORTS TRANSACTIONS BY DATE GALOG TAIL BALANCINCON STATEMENT BALANCE SHOT vroperty Land Building 2.000 Less Accumulated Deprecation-Balding 223.2000 Total Property. Pant, and Equipment Total Assets Liabilities 50,000 69.800 82.900 Current abilities: AGOU Payable Interest Payable Salaris Dayable Unearned in Total Current les 1,900 306 2400 7000 37,200 arsoncmg.com PREVIOUS 3 NEXT 7 GRADED CHAPTER 4 HW Problem 3: P4-29A Background: Erickson Real Estate Appraisal has completed all necessary transactions and adjusting entries for the month of Sune. These transactions are summarized in the Trial Balance found in the Reports tab. Assignment 1) Under the Reports tab, review the Trial Balance generated as a rsult of the June transactions 2) Using the General Journal tab, click Add Transaction to journalire each closing entry needed. Be sure to click the checkbox Indicating that each transaction is a closing entry. 3) Under the Reports tab, review the results of recording these 4) Under the Reports tab, review the Income Statement and Balance Sheet generated as a result of the June transactions 5) Click Submit Work when complete. Transactions: 06/30/2018 Closed any revenue accounts 06/30/2018 Closed any expense accounts (compound entry) 06/30/2018 Closed Income Summary account 06/30/2018 Closed the withdrawals account SAVE WORK RESET ST SUMY WORK June 30, 2018 - July 29, 2018 > Business REPORTS TRANSACTIONS BY DATE GENERAL LEDGER TIL BALANCE INCOME STABALAR ESTE Saare Payable Unearved Revenue Total Current Liabilities 2,400 7,600 37,200 Long-Term Liabilities: Paytre, Long-term Total Long Term ubes Total Liabilities Owner's Equity Enosen Cup Total Liabilities and owner's Equity 40.000 40.000 77,200 5.200 32900