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Matthews delivery service. I really need help to get it done today as I will have extra time to study for tomorrow's midterm. Thanks. This
Matthews delivery service.
This comprehensive problem is a continuation of Comprehensive Problem 1. Matthews Delivery Service has completed closing entries and the accounting cycle for 2014. The business is now ready to retard January 2015 transactions. Record each january transaction in the journal. Explanations are not required. Post the transactions in the T-accounts. Don't forget to use the December 31. 2014 ending balances as appropriate. Prepare an unadjusted trial balance as of January 31, 2015. Prepare a worksheet as of January 31, 2015. (optional) Journalize the adjusting entries using the following adjustment data. Post adjusting entries to the T-accounts. Adjustment data: Office Supplies on hand, $80. Accrued Service Revenue, $1,000. Accrued Salaries Expense, $850. Prepaid Insurance for the month has expired. Depreciation was recorded on the truck for the month. Prepare an adjusted trial balance as of January 31, 2015. Prepare Matthews Delivery Services income statement and statement of retained earnings for the month ended January 31, 2015, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount-that is, the largest expense first, the smallest expense last. Calculate the following ratios as of January 31, 2015 for Matthews Delivery Service: return on assets, debt ratio, and current ratio I really need help to get it done today as I will have extra time to study for tomorrow's midterm. Thanks.
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