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Help me all charts need to be answered Part 2 Adjusting Entries and the Worksheet (16 marks) Kathy Morris owns a small decorating business called
Help me all charts need to be answered
Part 2 Adjusting Entries and the Worksheet (16 marks) Kathy Morris owns a small decorating business called Premium Decorating. A partially completed worksheet for Premium Decorating and additional information follow directly. Additional Information 1. Purchase invoices received in January 20-3, which pertain to goods or services received in 20-2, are for the following: Telephone Expense $102 Car Expense 389 Supplies 250 2. The supplies counted and valued as of December 31, 20-2, are $980. 3. The unexpired insurance at December 31, 20-2, amounted to $1040. Using the additional information above, complete the eight-column worksheet. HST accounts are not to be considered. Premium Decorating Worksheet ADJUSTMENTS Dr CH Year Ended December 31, 20-2 INCOME STATEMENT BALANCE SHEET D DE Cr ACCOUNTS ban ACP TRIAL BALANCE Dr CE 404 14210 Using the additional Information above, complete the eight-column worksheet. HST accounts are not to be considered Premium Decorating Worksheet Year Ended December 31, 20-2 TRIAL BALANCE ADJUSTMENTS STATE BALANCE WEET ACCOUNTS 3.000 11.00 3500.00 12800.00 mwand Automobile San Lor Momca MOD 2250.00 1000 23s 19 500.00 2007200 Bank Charges 380.00 300.00 FE NE 900.00 301.00 WONE BAF 3M Part 3: Charleg Entries (10 martes) Prepare the four closing journal entries for Premium Decorating as of December 31, 2020. Omit explanations GENERALIOURNAL PARTICULARS PR. DATE DERIT CREDIT Assuming all entries have been posted, calculate the ending Capital balance for Premiun Decorating as of December 31, 2020, in the account provided below N301 ACCOUNT DATE K. Morris, Capital PARTICULARS PR DEBI CREDIT BALANCE DEICH CA Part 2 Adjusting Entries and the Worksheet (16 marks) Kathy Morris owns a small decorating business called Premium Decorating. A partially completed worksheet for Premium Decorating and additional information follow directly. Additional Information 1. Purchase invoices received in January 20-3, which pertain to goods or services received in 20-2, are for the following: Telephone Expense $102 Car Expense 389 Supplies 250 2. The supplies counted and valued as of December 31, 20-2, are $980. 3. The unexpired insurance at December 31, 20-2, amounted to $1040. Using the additional information above, complete the eight-column worksheet. HST accounts are not to be considered. Premium Decorating Worksheet ADJUSTMENTS Dr CH Year Ended December 31, 20-2 INCOME STATEMENT BALANCE SHEET D DE Cr ACCOUNTS ban ACP TRIAL BALANCE Dr CE 404 14210 Using the additional Information above, complete the eight-column worksheet. HST accounts are not to be considered Premium Decorating Worksheet Year Ended December 31, 20-2 TRIAL BALANCE ADJUSTMENTS STATE BALANCE WEET ACCOUNTS 3.000 11.00 3500.00 12800.00 mwand Automobile San Lor Momca MOD 2250.00 1000 23s 19 500.00 2007200 Bank Charges 380.00 300.00 FE NE 900.00 301.00 WONE BAF 3M Part 3: Charleg Entries (10 martes) Prepare the four closing journal entries for Premium Decorating as of December 31, 2020. Omit explanations GENERALIOURNAL PARTICULARS PR. DATE DERIT CREDIT Assuming all entries have been posted, calculate the ending Capital balance for Premiun Decorating as of December 31, 2020, in the account provided below N301 ACCOUNT DATE K. Morris, Capital PARTICULARS PR DEBI CREDIT BALANCE DEICH CA Step by Step Solution
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