MAR-10-2010 07:44P FROM: I CHOICE LLC 9145123000 Practice Set TO:5123000 P.7 February 28 Record Payroll #4 Exhibit B. Payroll should charge 80 percent to month of February, 20 percent should be attributed to March. B. Adjusting Entries 1. Park equipment in the amount of $4,000. (7110.2) was received but never recorded. 2. A State aid claim has just been submitted $5,000 (youth program). C. Prepare Closing Entries D. Prepare Year-End Financial Statements (Form of Statements in Packet) 7 INTRODUCTION TO GOVERNMENTAL ACCOUNTING