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i need help with E4-3 and E4-4, please. Complete the worksheet. (LO 1) E4-2 The adjusted trial balance columns of the worksheet for Albanese Company,
i need help with E4-3 and E4-4, please.
Complete the worksheet. (LO 1) E4-2 The adjusted trial balance columns of the worksheet for Albanese Company, SpA are as follows. ALBANESE COMPANY, SpA Worksheet (partial) For the Month Ended April 30, 2017 Statement Adjusted Income of Financial Trial Balance Statement Position Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 7,442 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,000 Accumulated Depreciation Equip. 4,800 Notes Payable 5,700 Accounts Payable 5,672 Share Capital-Ordinary 22.000 Retained Earnings 4,000 Dividends 3,000 Service Revenue 12,590 Salaries and Wages Expense 9,840 Rent Expense 760 Depreciation Expense 600 Interest Expense 57 Interest Payable 57 54,819 54,819 Instructions Complete the worksheet. E4-3 Worksheet data for Albanese Company, SpA are presented in E4-2. No ordinary shares were issued during April. Instructions Prepare an income statement, a retained earnings statement, and a classified statement of financial position, using euros as the currency. E4-4 Worksheet data for Albanese Company, SpA are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T-accounts. (c) Prepare a post-closing trial balance at April 30, using euros as the currency. Totals Prepare financial statements from worksheet. (LO 1,6) Journalize and post closing entries and prepare a post- closing trial balance. (LO 2, 3) Prepare adjusting entries from a worksheet, and extend balances to worksheetStep by Step Solution
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