Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, The pictures are pages 311-313. And use project template to complete the Comprehensive problem . Project Template Name: Instructions: 1 Complete the Comprehensive Problem
Hi, The pictures are pages 311-313. And use project template to complete the Comprehensive problem .
Project Template Name: Instructions: 1 Complete the Comprehensive Problem for Chapter 5 beginning on Page 311 of the textbook using these templates. You may design your own templates or format if you wish. 2 Each requrement shown in the problem will have 1 worksheet tab set up for it having a form template. 3 Enter the data in the appropriate sections of the table and perform calculations. Worksheets are not set up to automatically calculate. 4 Each worksheet may not have the correct number of cells or rows you need so add or delete as necessary. Comprehensive Problem - Chapter 5 Requirement #1 Template Perpetual Inventory Record - FIFO Purchases Unit Total Date Quantity Cost Cost Cost of Goods Sold Unit Total Quantity Cost Cost Inventory on Hand Unit Total Quantity Cost Cost Comprehensive Problem - Chapter 5 Requirement #3 Template Journal Entries: Date Transactions Debit Credit Comprehensive Problem - Chapter 5 Requirement #2 & 3 Template General Ledger Accounts: Cash Date Item Post. Ref. Balance Debit Credit Debit Credit Accounts Receivable Date Item Post. Ref. Balance Item Post. Ref. Debit Credit Debit Item Post. Ref. Debit Credit Debit Post. Ref. Debit Credit Debit Debit Credit Debit Credit Inventory Date Balance Credit Supplies Date Balance Credit Office Equipment Date Item Balance Credit Accumulated Depreciation - Office Equipment Date Item Post. Ref. Balance Debit Credit Debit Credit Accounts Payable Date Item Post. Ref. Balance Debit Credit Debit Credit Notes Payable - Long-Term Date Item Post. Ref. Balance Debit Credit Debit Credit Common Stock Date Item Post. Ref. Balance Debit Credit Debit Credit Retained Earnings Date Item Post. Ref. Item Post. Ref. Balance Debit Credit Debit Credit Dividends Date Balance Debit Credit Debit Credit Sales Revenues Date Item Post. Ref. Balance Debit Credit Debit Credit Sales Returns and Allowance Date Item Post. Ref. Balance Debit Credit Debit Credit Sales Discounts Date Item Post. Ref. Balance Debit Credit Debit Credit Cost of Goods Sold Date Item Post. Ref. Balance Debit Credit Debit Credit Sales Commissions Expense Date Item Post. Ref. Balance Debit Credit Debit Post. Ref. Debit Credit Debit Post. Ref. Debit Credit Debit Credit Office Salaries Expense Date Item Balance Credit Office Rent Expense Date Item Balance Credit Shipping Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Comprehensive Problem - Chapter 5 Requirement #4 Template Wild Wheels, Inc. Unadjusted Trial Balance December 31, 2012 Account Debit Totals - Credit Comprehensive Problem - Chapter 5 Requirement #5 Template Journal Entries: Date Transactions General Ledger Accounts: Debit Credit Depreciation Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Accumulated Depreciation - Office Equipment Date Item Post. Ref. Balance Debit Credit Debit Credit Supplies Expense Date Item Post. Ref. Item Post. Ref. Balance Debit Credit Debit Credit Supplies Date Balance Debit Credit Debit Credit Office Salaries Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Salaries Payable Date Item Post. Ref. Balance Debit Credit Debit Credit Comprehensive Problem - Chapter 5 Requirement #6 Template Wild Wheels, Inc. Adjusted Trial Balance December 31, 2012 Account Debit Totals - Wild Wheels, Inc. Income Statement December 31, 2012 Wild Wheels, Inc. Statement of Retained Earnings Year Ended December 31, 2012 Retained Earnings, January 1, 2012 Add: Subtotal Less: Retained Earnings, December 31, 2012 Wild Wheels, Inc. Balance Sheet December 31, 2012 Assets Current Assets: Long Term Assets: Total Assets Credit Liabilities Current Liabilities: Long Term Liabilities: Total Liabilities Stockholder's Equity Total Stockholders' Equity Total Liabilities and Stockholder's Equity Comprehensive Problem - Chapter 5 Requirement #7 Template Journal Entries: General Ledger Accounts: Date Transactions Debit Credit Retained Earnings Post. Date Item Ref. Balance Debit Credit Debit Credit Dividends Post. Date Item Ref. Balance Debit Credit Debit Credit Sales Revenue Post. Date Item Ref. Balance Debit Credit Debit Credit Sales Returns and Allowances Date Item Post. Ref. Balance Debit Credit Debit Credit Sales Discounts Date Item Post. Ref. Balance Debit Credit Debit Credit Cost of Goods Sold Date Item Post. Ref. Balance Debit Credit Debit Credit Sales Commissions Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Office Salaries Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Office Rent Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Shipping Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Depreciation Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Supplies Expense Date Item Post. Ref. Balance Debit Credit Debit Credit Comprehensive Problem - Chapter 5 Requirement #8 Template Wild Wheels, Inc. Post-Closing Trial Balance December 31, 2012 Account Debit Totals - Credit NotesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started