L02 Reading the Kellogg's Annual Report Go to http:/linvestor.kelloggs.com/investor-relat to access the Accounts Payable go up or down from 2012 to 2013? W Into what category does Accounts Payable fall by rules of debit and credit side of the T account would make Accounts Payable Report and find the balance sheet of Kellogg's. Did Kelloggs hat does this change mean e Which increase? ( V THE Th Smith Computer Center created its chart of accounts as follows J0B SMITH COMPUTER CENTER MyAccount LO Chart of Accounts as of July 1, 201X Revenue Cash Accounts Receivable Service Revenue 1080 1090 Liabilities 2000 Owner's Equity 3000 4000 Expenses 5010 5020 5030 5040 5050 Advertising Expense Rent Expense Utilities Expense Phone Expense Supplies Expense Insurance Expense Computer Shop Equipment Office Equipment Accounts Payable 5060 5070 Postage Expense Feldman, Capital Feldman, Withdrawals You will use this chart of accounts to complete the Continuing Problem. The following problem continues from Chapter 1. Assignment 1. Set up T accounts in a ledger and post the ending balances from Chapter 1. 2. Record transactions k through s in the appropriate T accounts. 3. Foot and take the balances of the T accounts where appropriate. 4. Prepare a trial balance at the end of August. 5. From the trial balance, prepare an income statement, statement of owner's equity, and a balance sheet for the two months ending with August 31, 201X. L02 Reading the Kellogg's Annual Report Go to http:/linvestor.kelloggs.com/investor-relat to access the Accounts Payable go up or down from 2012 to 2013? W Into what category does Accounts Payable fall by rules of debit and credit side of the T account would make Accounts Payable Report and find the balance sheet of Kellogg's. Did Kelloggs hat does this change mean e Which increase? ( V THE Th Smith Computer Center created its chart of accounts as follows J0B SMITH COMPUTER CENTER MyAccount LO Chart of Accounts as of July 1, 201X Revenue Cash Accounts Receivable Service Revenue 1080 1090 Liabilities 2000 Owner's Equity 3000 4000 Expenses 5010 5020 5030 5040 5050 Advertising Expense Rent Expense Utilities Expense Phone Expense Supplies Expense Insurance Expense Computer Shop Equipment Office Equipment Accounts Payable 5060 5070 Postage Expense Feldman, Capital Feldman, Withdrawals You will use this chart of accounts to complete the Continuing Problem. The following problem continues from Chapter 1. Assignment 1. Set up T accounts in a ledger and post the ending balances from Chapter 1. 2. Record transactions k through s in the appropriate T accounts. 3. Foot and take the balances of the T accounts where appropriate. 4. Prepare a trial balance at the end of August. 5. From the trial balance, prepare an income statement, statement of owner's equity, and a balance sheet for the two months ending with August 31, 201X