Answered step by step
Verified Expert Solution
Question
1 Approved Answer
im wondering if im correct? Saved 2-a. Complete the work sheet using the following information for accounting adjustments. Prepare and post adjusting and closing entries
im wondering if im correct?
Saved 2-a. Complete the work sheet using the following information for accounting adjustments. Prepare and post adjusting and closing entries a. Expired insurance $567. b. Ending store supplies inventory, $2,646. c. Ending office supplies inventory $518. d. Depreciation of store equipment, $581. e. Depreciation of office equipment, $343. 2-b. Prepare all necessary ledgers for accounting adjustments. 2-c. Prepare a work sheet for the month ended May 31 3-a. Prepare a May multiple-step income statement. 3-b. Prepare a May statement of owner's equity. 3-c. Prepare a May 31 classified balance sheet. 4-a. Prepare a post-closing trial balance. 4-61. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts receivable. 4-b2. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts payable. Complete this question by entering your answers in the tabs below. Reg 38 Reg 2A Reg 2B Req 2C Req Prepare and post adjusting and closing entries. Reg 3C Reg 4A Reg 481 Req 482 View transaction list View journal entry worksheet No Date General Journal 1 Debit May 31 Credit Insurance expense Prepaid insurance 567 567 2 2 May 31 Store supplies expense Store supplies 4 May 31 Depreciation expense-Store equipment Accumulated depreciation Store equipment 581 581 5 May 31 Depreciation expense-Office equipment Accumulated depreciation Office equipment 343 343 Music ev 1 of 2 Next Saved 2-a. Complete the work sheet using the following information for accounting adjustments. Prepare and post adjusting and closing entries a. Expired insurance $567. b. Ending store supplies inventory, $2,646. c. Ending office supplies inventory $518. d. Depreciation of store equipment, $581. e. Depreciation of office equipment, $343. 2-b. Prepare all necessary ledgers for accounting adjustments. 2-c. Prepare a work sheet for the month ended May 31 3-a. Prepare a May multiple-step income statement. 3-b. Prepare a May statement of owner's equity. 3-c. Prepare a May 31 classified balance sheet. 4-a. Prepare a post-closing trial balance. 4-61. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts receivable. 4-b2. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts payable. Complete this question by entering your answers in the tabs below. Reg 38 Reg 2A Reg 2B Req 2C Req Prepare and post adjusting and closing entries. Reg 3C Reg 4A Reg 481 Req 482 View transaction list View journal entry worksheet No Date General Journal 1 Debit May 31 Credit Insurance expense Prepaid insurance 567 567 2 2 May 31 Store supplies expense Store supplies 4 May 31 Depreciation expense-Store equipment Accumulated depreciation Store equipment 581 581 5 May 31 Depreciation expense-Office equipment Accumulated depreciation Office equipment 343 343 Music ev 1 of 2 Next Step 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