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help fill out please need help filling out chart a. The supplies avallable at the end of fiscal year 2017 had a cost of $3,300.
help fill out please
need help filling out chart
a. The supplies avallable at the end of fiscal year 2017 had a cost of $3,300. b. The cost of expired insurance for the fiscal year is $3,800. c. Annual depreciation on equipment is $8,400. d. The June utilies expense of $650 is not included in the unadjusted trial balance because the bil arrived after the trial balance was prepared. The $650 amount owed needs to be recorded. e. The company's employees have eamed $1,800 of accrued wages at fiscal yearend 1. The rent expense incurred and not yet pald or recorded at fiscal yearend is $500. 9. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been pald or recorded in the accounts. h. The long-term note payable bears interest at 12% per year. The unadjusted interest Expense account equals the amount pard for the first 11 months of the 2017 fiscal year. The $250 accrued interest for June has not yet been pald or recorded. (The company is required to make a $5,000 payment toward the note payable during the 2018 fiscal yeary Required: 1. Prepare a 10-column work sheet for fiscal year 2017. starting with the unadjusted trial balance and incluatng adjustments based on the additional facts. The June 30,2016 , credit balance of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2017 fiscal year. 2a. Prepare the adjusting entrles (all dated June 30,2017 ). 2b. Prepare the closing entries (all dated June 30,2017 ). 3a. Prepare the income statement for the year ended June 30.2017. 3b. Prepare the statement of owner's equity for the year ended June 30, 2017 3C. Prepare the classtfied balance sheet at June 30.2017 Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for the year ended June 30, 2017. The June 30,2016 , credit balance of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2017 fiscal year: a. The supplies avallable at the end of fiscal year 2017 had a cost of $3,300. b. The cost of expired insurance for the fiscal year is $3,800. c. Annual depreciation on equipment is $8,400. d. The June utilies expense of $650 is not included in the unadjusted trial balance because the bil arrived after the trial balance was prepared. The $650 amount owed needs to be recorded. e. The company's employees have eamed $1,800 of accrued wages at fiscal yearend 1. The rent expense incurred and not yet pald or recorded at fiscal yearend is $500. 9. Additional property taxes of $1,000 have been assessed for this fiscal year but have not been pald or recorded in the accounts. h. The long-term note payable bears interest at 12% per year. The unadjusted interest Expense account equals the amount pard for the first 11 months of the 2017 fiscal year. The $250 accrued interest for June has not yet been pald or recorded. (The company is required to make a $5,000 payment toward the note payable during the 2018 fiscal yeary Required: 1. Prepare a 10-column work sheet for fiscal year 2017. starting with the unadjusted trial balance and incluatng adjustments based on the additional facts. The June 30,2016 , credit balance of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2017 fiscal year. 2a. Prepare the adjusting entrles (all dated June 30,2017 ). 2b. Prepare the closing entries (all dated June 30,2017 ). 3a. Prepare the income statement for the year ended June 30.2017. 3b. Prepare the statement of owner's equity for the year ended June 30, 2017 3C. Prepare the classtfied balance sheet at June 30.2017 Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for the year ended June 30, 2017. The June 30,2016 , credit balance of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2017 fiscal year Step by Step Solution
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