Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need adjusted trial balance, income statement and balance sheet pls unadjusted trial, adjusted trial, income statement and balance sheet. ( show your word) please help

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Need adjusted trial balance, income statement and balance sheet pls
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
unadjusted trial, adjusted trial, income statement and balance sheet. ( show your word) please help
20 30 FOB shi 15,930 Co. Terms 1/10, n/30 FOB Shipping Point 52,400 Witha 100 cash from Gee Co, no 2,400 600 1,100 37,490 with a t to Co. terms 2/10, n/30 FOB shi nt End-of-Perlod Spreadsheet (Work Sheet) dustments AdabTncome Statement Blalance sheet nas Unadjusted Trial Adjusted Trial ccount Title Dr. Cr. Cr. Dr. 20 not be scanned, eopied or duplicated, or posted to a publioly sccossibile wbaiton, in whole or in part 02018 Cengagn. May n place a al Enter the balances of each of the accounts in the appropriate balance column of each accounts respective general ledgar account. Write Balance in the item section, and check mark in the Posting Reference column b) Journalize the transactions for May starting on page 20 in the journal Post the journal entries to the proper accounts and columns in the general ledger. This problem does not require to maintain subsidiary ledgers for accounts recelvable or accounts payable. 3 Prepare an unadjusted trial balance At the end of May, the following adjustment data was assembled. Analyze and use the data to complete (5) and (6) a. Merchandise inventory on hand May 31 b. Insurance expired during the year c. Store supplies on hand May 31 d. Depreciation for the current year e. Accrued salaries on May 31 271,000 6,000 1,900 6,700 Sales salaries Office salaries 3,100 f. Customer Returns and Sales Cost of Merchandise Sold 29,000 5 (Optional) Complete a 10-column end-of-year Work Sheet 6 Journalize and post the adjusting entries. Record the adjusting entries starting on page 22 in the journal 7 Prepare an adjusted trial balance. 8 Prepare an income statement, a statement of owners equity, and balance sheet. Prepare and post the closing entries. Enter the closing entries on page 23 of the journal. In the general ledger indicate closed accounts with a dash (-) in each Balance column of the account. 10 Prepare a post closing trial balance. Chart Accounts of and Balances For the Month ending April 30, 2018 110 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation -Store Equipment 210 Accounts Payable 211 Customer Refunds Payable 212 Salaries Payable 310 (Student), Capital 311 (Student), Drawing 410 Sales 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expense 530 Office Salaries Expense 531 Rent Expense 532 Insurance Expense 539 Miscellaneous Administrative Expense 39,800 111,400 297,300 13,300 8,000 5,400 271,100 27,000 46,000 23,800 326,300 64,300 2,413,300 1,344,000 316,500 133,800 6,000 181,900 39,900 3,700 Unadjusted Trial Balance 10250 12200 CG3 ACCownts Peceva Merchindise Inuden Prepaid Tinswance 6500 04100 20 ccomts Papble Salaries pas abe Caprta 226202 256 4030 Sales 2u2200 120202 Les salares Deprecraton expense Mi's celloneau Sell n pens ace Salaetes pese Pent swronre Rk Dense t3 anu Balances For the Month ending April 30, 2018 110 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation-Store Equipment 210 Accounts Payable 211 Customer Refunds Payable 212 Salaries Payable 310 (Student), Capital 311 (Student), Drawing 410 Sales 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expense 530 Office Salaries Expense 531 Rent Expense 532 Insurance Expense 539 Miscellaneous Administrative Expense 39,800 111,400 297,300 13,300 8,000 5,400 271,100 27,000 46,000 23,800 326,300 64,300 2,413,300 1344,000 316,500 133,800 6,000 181,900 39,900 3,700 5c2a hoo e c PNP 6550 1112 1346-11 900 2,400 17,100 300 32,600With a20,000 Cost of Merchandise 10,600 With a15,000 Cost of Merchandise 5,200 8,900 6,400With a 15,930 at 4,000 Cost of Merchandise 33,000 Cost of Merchandise 1,100 20,400 41,900 2,400 Cost of Merchandise 2,300 3,600 With a 26,700 13,800 1,100 37.490 With a 22,000 Cost of Merchandise Unadjusted Trial Balance Ccount s ecerva 112200 CG3 Prepard nswande 6500 04100 kecounks Paupble 226202 Caortal Sales Les salanes x Guzc 256 4030 120002 Depre craton spense Spense s cellon eaus Sell ne pens swronse &k Dense 20 30 FOB shi 15,930 Co. Terms 1/10, n/30 FOB Shipping Point 52,400 Witha 100 cash from Gee Co, no 2,400 600 1,100 37,490 with a t to Co. terms 2/10, n/30 FOB shi nt End-of-Perlod Spreadsheet (Work Sheet) dustments AdabTncome Statement Blalance sheet nas Unadjusted Trial Adjusted Trial ccount Title Dr. Cr. Cr. Dr. 20 not be scanned, eopied or duplicated, or posted to a publioly sccossibile wbaiton, in whole or in part 02018 Cengagn. May n place a al Enter the balances of each of the accounts in the appropriate balance column of each accounts respective general ledgar account. Write Balance in the item section, and check mark in the Posting Reference column b) Journalize the transactions for May starting on page 20 in the journal Post the journal entries to the proper accounts and columns in the general ledger. This problem does not require to maintain subsidiary ledgers for accounts recelvable or accounts payable. 3 Prepare an unadjusted trial balance At the end of May, the following adjustment data was assembled. Analyze and use the data to complete (5) and (6) a. Merchandise inventory on hand May 31 b. Insurance expired during the year c. Store supplies on hand May 31 d. Depreciation for the current year e. Accrued salaries on May 31 271,000 6,000 1,900 6,700 Sales salaries Office salaries 3,100 f. Customer Returns and Sales Cost of Merchandise Sold 29,000 5 (Optional) Complete a 10-column end-of-year Work Sheet 6 Journalize and post the adjusting entries. Record the adjusting entries starting on page 22 in the journal 7 Prepare an adjusted trial balance. 8 Prepare an income statement, a statement of owners equity, and balance sheet. Prepare and post the closing entries. Enter the closing entries on page 23 of the journal. In the general ledger indicate closed accounts with a dash (-) in each Balance column of the account. 10 Prepare a post closing trial balance. Chart Accounts of and Balances For the Month ending April 30, 2018 110 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation -Store Equipment 210 Accounts Payable 211 Customer Refunds Payable 212 Salaries Payable 310 (Student), Capital 311 (Student), Drawing 410 Sales 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expense 530 Office Salaries Expense 531 Rent Expense 532 Insurance Expense 539 Miscellaneous Administrative Expense 39,800 111,400 297,300 13,300 8,000 5,400 271,100 27,000 46,000 23,800 326,300 64,300 2,413,300 1,344,000 316,500 133,800 6,000 181,900 39,900 3,700 Unadjusted Trial Balance 10250 12200 CG3 ACCownts Peceva Merchindise Inuden Prepaid Tinswance 6500 04100 20 ccomts Papble Salaries pas abe Caprta 226202 256 4030 Sales 2u2200 120202 Les salares Deprecraton expense Mi's celloneau Sell n pens ace Salaetes pese Pent swronre Rk Dense t3 anu Balances For the Month ending April 30, 2018 110 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies 123 Store Equipment 124 Accumulated Depreciation-Store Equipment 210 Accounts Payable 211 Customer Refunds Payable 212 Salaries Payable 310 (Student), Capital 311 (Student), Drawing 410 Sales 510 Cost of Merchandise Sold 520 Sales Salaries Expense 521 Advertising Expense 522 Depreciation Expense 523 Store Supplies Expense 529 Miscellaneous Selling Expense 530 Office Salaries Expense 531 Rent Expense 532 Insurance Expense 539 Miscellaneous Administrative Expense 39,800 111,400 297,300 13,300 8,000 5,400 271,100 27,000 46,000 23,800 326,300 64,300 2,413,300 1344,000 316,500 133,800 6,000 181,900 39,900 3,700 5c2a hoo e c PNP 6550 1112 1346-11 900 2,400 17,100 300 32,600With a20,000 Cost of Merchandise 10,600 With a15,000 Cost of Merchandise 5,200 8,900 6,400With a 15,930 at 4,000 Cost of Merchandise 33,000 Cost of Merchandise 1,100 20,400 41,900 2,400 Cost of Merchandise 2,300 3,600 With a 26,700 13,800 1,100 37.490 With a 22,000 Cost of Merchandise Unadjusted Trial Balance Ccount s ecerva 112200 CG3 Prepard nswande 6500 04100 kecounks Paupble 226202 Caortal Sales Les salanes x Guzc 256 4030 120002 Depre craton spense Spense s cellon eaus Sell ne pens swronse &k Dense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey S. Rosen

5th Edition

025617329X, 978-0256173291

More Books

Students also viewed these Finance questions

Question

Did the UCC or the common law of contract govern this contract?

Answered: 1 week ago

Question

=+why do you hold the view that you do?

Answered: 1 week ago