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OBJ MINI ACCOUNTING PROJECT Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. x fx Over Priced Jeans, Inc. -
OBJ MINI ACCOUNTING PROJECT
Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. x fx Over Priced Jeans, Inc. - Transactions Additional Information March 2021 Transactions Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank. (As an example of how to journalize and post a transaction this transaction has already been entered into the General Journal and posted to the General Ledger.) THE MARCH TRANSACTIONS WILL APPEAR - AFTER YOU ENTER YOUR ID CODE March 1 March 1 March 2 March 10 + March 15 March 16 March 17 March 20 March 22 March 26 AT Chart Accts GL Assets GL Liab-Equity Directions Journal Exp Trans ady Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. & fx March 10 March 15 March 16 March 17 March 20 March 22 March 26 March 30 + Additional Information Note Payable Big Bank: Directions Trans Chart Accts Journal GL Assets GL Rev.Exp GL Liab-Equity ady [L GA "ice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates fx Over Priced Jeans, Inc. - Chart of Accounts Account # Account Name 100 105 110 120 150 Assets: Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment 200 210 215 220 225 Liabilities: Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank 300 305 Equity: Common Stock Retained Earnings Revenues: Sales Revenue 400 500 510 515 520 Expenses: Cost of Goods Sold Rent Expense Wages Expense Interest Expense Directions AGL Rev-Exp Trans Chart Accts GL Liab-Equity Journal GL Assets Ready V %*.8 CE FC fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. ox fx OverPriced Jeans, Inc. General Journal Page # 1 2021 Account Account Name Posted Debit Credit Month Day Number 3-1 100 Cash - Big Bank 55,000.00 300 Common Stock 55,000.00 Issue additional Common Stock Directions Chart Accts Journal GL Assets GL Liab-Equity GL Rev.Exp eady X AA a. A s% Con For B 13 fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates x fx Overpriced Jeans, Inc. General Journal Page 2 Posted Debit Credit 2021 Month-Day Account Number Account Name A Directions Trans A Chart Accts A Journal GL Assets GL Liab-Equity GL Rev-Exp Ready Con $ Porn fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates x Overpriced Jeans, Inc. General Journal Page #2 Posted Debit Credit 2021 Month Day Account Number Account Name + Directions Trans Chart Accts Journal GL Assets AGL Liab-Equity GL Rev-Exp Ready Fort BIOA Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. x fx OverPriced Jeans, Inc. General Journal Page 3 Posted Debit Credit Account 2021 Month Day Account Name Directions GL Rev-Exp Trans Chart Accts GL Liab-Equity Journal AGL Assets eady AA.EE A $% Con For Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates x fx OverPriced Jeans, Inc. General Ledger CAU Enter amounts by typing in the Account # 100 Cash - Big Bank Do NOT copy General Journ accounts. Debit Credit Journal Page 1 Balance 2021 Month-Day 3-1 3-1 Beginning Balance 76,000.00 55,000.00 76,000.00 Dr 131,000.00 DI 1 Account # 105 Cash - Little Bank Credit 2021 Month Day 3-1 Journal Page 1 Debit 27,000.00 Balance 27,000.00 Dr Beginning Balance * Account # 110 Accounts Receivable 2021 Directions Journal Chart Accts Journal Crortit A GL Assets Ralance GL Liab-Equity GL Rev.Exp Trans Ready ne Insert Draw US Page Layout X - A A BIOA. 59 ) Cong For Office Update To keep up-to-date with security updates, foces, and improvements, choose Check for Updates. fa Account # 110 Accounts Receivable Credit 2021 Month Day 3-1 Journal Page Debit 158,000.00 Balance 158,000.00 Dr Beginning Balance Account # 120 Inventory Credit Balance 2021 Month Day 3-1 Journal Page 3 Debit 36,000.00 36,000.00 Dr Beginning Balance Account # 150 Equipment Credit Balance 2021 Month-Day 3-1 Journal Page ! Debit 60,000.00 Beginning Balance 60,000.00 Dr Directions Trans Chart Accts Journal GL Liab-Equity GL Rev.Exp AGL Assets Ready ~ A A BIU OLA S 82 Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates X fx Over Priced Jeans, Inc. General Ledger CA Enter amount by typing in th Do NOT copy General Jourt Account #200 Accounts Payable Journal Page 1 Debit Credit 2021 Month-Day 3-1 Balance 0.00 Cr 0.00 Beginning Balance Account # 210 Note Payable - Big Bank Journal Pape Debit 2021 Month-Day 3-1 Beginning Balance Balance Credit 65,000.00 65,000.00 Account # 215 Note Payable - Little Bank Journal Page Debit 2021 Month Day 3-1 Credit Balance 60,000.00 CE Beginning Balance 60,000.00 Account # 220 Interest Payable - Big Bank Debit Credit Balance 2021 Month Day Directions Journal Page & Chart Accts Trans Journal AGL Assets GL Liab-Equity GL Rev-Exp Ready Fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. fx 3-1 Beginning Balance 65,000.00 65,000.00 Cr - Account # 215 Note Payable - Little Bank Debit Balance 2021 Month-Day 3-1 Journal Page 1 Credit 60,000.00 60,000.00 C Beginning Balance Account # 220 Interest Payable - Big Bank Debit Journal Page Credit Balance 2021 Month Day 3-1 600.00 Cr 600.00 Beginning Balance Account # 225 Interest Payable - Little Bank Journal Page 1 Debit Credit 2021 Month-Day Beginning Balance Balance 3-1 450.00 450.00 C Directions Trans Chart Accts Journal GL Assets GL Lieb-Equity AGL Rev-Exp Ready Formatting as atit Styles Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. - x x Interest Payable Account # 210 2021 Month-Day 7-1 Journal Page Debit Credit Balance Beginning Balance 0.00 0.00 Cr Account # 215 Unearned Revenue Journal Page : Debit Credit 2021 Month Day 7-1 Balance Beginning Balance 8,000.00 8,000.00 C Account # 220 Dividends Payable Journal Page 1 Debit 2021 Month-Day 7-1 Beginning Balance Credit Balance 0.00 CE 0.00 Account # 250 Note Payablo Journal Page 1 Debit Credit 2021 Month Day 7-1 Beginning Balance 7-1 Directions Trans Balance 0.00 Cr 35,000.00 CE OL Lab Equity GL Rev.Exp 0.00 35,000.00 GL Assets 1 Chart Acts Journal Tral B IS & SEquity [b A $% Cong Fom fice Update To keep up-to-date with security updates, Times, and improvements, choose Check for Updates fy 2021 Month Day Journal Page Debit Credit 450.00 Balance 450.00 Cr Beginning Balance Account # 300 Common Stock 2021 Journal Page 1 Debit Balance Mhey 3-1 Beginning Balance Credit 75,000.00 55,000.00 75,000.00 130,000.00 3-1 1 Account # 305 Retained Earnings 2021 Money Beginning Balance Journal Page Debit Credit 155.950.00 Balance 155,950.00 Cr Direction R Chart Aceta Journal GL Assets GL Lab Equity OL Rev-Exp DDD BO F3 ODD 14 F5 Insert Draw Formulas Data View Page Layout Review AA > Cor For office Update To keep up-to-date with security updates, thes, and improvements, choose Check for Updates x x OverPriced Jeans, Inc. - General Ledger CAU Enter amounts by typing in the Do NOT copy General Journ Account # 400 Sales Revenue Jumal Page Debit 2021 Month Day Credit Balance 0.00 CF 0.00 Beginning Balance Account # 500 Cost of Goods Sold Journal Pape Debit 2021 Month Day 3-1 Credit Balance 0.00 DE Beginning Balance 0.00 Account # 510 Rent Expense Journal Page Debit Credit 2021 Morthey 3-1 Beginning Balance Directions - Ta 0.00 Balance 0.00 Dr AGL Liab-Equity AGL Rev.Exp > Chart Accts A Journal GL Assets Insert he Draw Formulas Page Layout Data X A A $%% 8 Co FO Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. X Account # 510 Rent Expense 2021 Month Day Journal Page Debit Credit Balance 0.00 Dr 3-1 Beginning Balance 0.00 Account = 515 Wages Expense Debit Journal Page 1 Credit Balance 2021 Manth-Day 3-1 Beginning Balance 0.00 Dr 0.00 Account # 520 Interest Expense Journal Page 1 Debit 2021 Mont-Day 3-1 Credit Balance 0.00 Dr Beginning Balance 0.00 A Directions Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Ready Data Review Formulas me Insert View Tell me Draw Page Layout La A A D.A. S% 9 FO sto Office Update To keep up-to-date with security updates, foes, and improvements, choose Check for Updates. x x OPJ's - March 31, 2021 Pre-Closing Trial Balance CAUTION Enter amounts into the Pre-Closing Trial Bala Do NOT copy colls from the General Ledger Account Account Name Debit Credit 100 Cash - Big Bank 105 Cash - Little Bank 110 Accounts Receivable 120 Inventory 150 Equipment 200 Accounts Payable 210 Note Payable - Big Bank 215 Note Payable - Little Bank 220 Interest Payable - Big Bank 225 Interest Payable - Little Bank 300 Common Stock 305 Retained Earnings 400 Sales Revenue 500 Cost of Goods Sold 510 Rent Expense 515 Wages Expense 520 Interest Expense 0.00 Totals 0.00 - Directions Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev.Exp Ready AutoSave CE ABESU. 2 Chapter 06- OPJ Mini-Projec Home Insert Draw Page Layout Data Review View Tell me Formulas A W Paste Office Update Te koop up to date with security updates, Txes, and improvements, choose Check for Updates D6 Overpriced Jeans, Inc. Income Statement for the Month Ended March 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy cells from the General Ledger or Pre-Cosing Trial Balance Sales Revenue Cost of Goods Sold Gross Profit 0.00 Expenses Rent Expense Wages Expense Interest Expense 0.00 Total Expenses Net Income $0.00 Calculation of Retained Earnings as of March 31 for the Balance Sheet Retained Eamings Current Balance Plus March Net Income Retained Earnings as of March 31 for Balance Sheet 0.00 Dictions Chart Act Journal GL Assets GL Liab-Equity GL Rev.Exp Ready Auto VO Home Insert Draw Page Layout Formulas Data Review View Tell me X UD . Paste Office Update To keep up to date with security updates, fixes, and improvements, choose Check for Updates 08 & fx Overpriced Jeans, Ine. CAUTION Balance Sheet Enter amounts into the Balance Sheet by typing in the amounts as of March 31, 2021 Do NOT copy cells from the General Ledger or Pre-Closing Trial Bela Assets Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment Total Assets $0.00 Llabilities Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank Total Liabilities 0.00 Equity Common Stock Retained Eamings Total Equity Total Liabilities & Equity 0.00 $0.00 Auctions Trans Chart Accts Journal GL Assets GL Lisb-Equity GL Rev.Esp Ready Home Insert Draw Page Layout Formulas Data Review View Tell me A ALE=P Paste Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. E6 x OPJ's - March 31, 2021 Post-Closing Trial Balance CAUTI Enter amounts into the Post-Closing Trix Do NOT copy cells from the General Lex Account Account Name Debit Credit 100 Cash - Big Bank 105 Cash - Little Bank 110 Accounts Receivable 120 Inventory 150 Equipment 200 Accounts Payable 210 Note Payable - Big Bank 215 Note Payable - Little Bank 220 Interest Payable - Big Bank 225 Interest Payable - Little Bank 300 Common Stock 305 Retained Eamings 400 Sales Revenue 500 Cost of Goods Sold 510 Rent Expense 515 Wages Expense 520 Interest Expense 0.00 Totals 0.00 Directions Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Ready Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. x fx Over Priced Jeans, Inc. - Transactions Additional Information March 2021 Transactions Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000 cash into the business. The cash is put into Big Bank. (As an example of how to journalize and post a transaction this transaction has already been entered into the General Journal and posted to the General Ledger.) THE MARCH TRANSACTIONS WILL APPEAR - AFTER YOU ENTER YOUR ID CODE March 1 March 1 March 2 March 10 + March 15 March 16 March 17 March 20 March 22 March 26 AT Chart Accts GL Assets GL Liab-Equity Directions Journal Exp Trans ady Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. & fx March 10 March 15 March 16 March 17 March 20 March 22 March 26 March 30 + Additional Information Note Payable Big Bank: Directions Trans Chart Accts Journal GL Assets GL Rev.Exp GL Liab-Equity ady [L GA "ice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates fx Over Priced Jeans, Inc. - Chart of Accounts Account # Account Name 100 105 110 120 150 Assets: Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment 200 210 215 220 225 Liabilities: Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank 300 305 Equity: Common Stock Retained Earnings Revenues: Sales Revenue 400 500 510 515 520 Expenses: Cost of Goods Sold Rent Expense Wages Expense Interest Expense Directions AGL Rev-Exp Trans Chart Accts GL Liab-Equity Journal GL Assets Ready V %*.8 CE FC fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. ox fx OverPriced Jeans, Inc. General Journal Page # 1 2021 Account Account Name Posted Debit Credit Month Day Number 3-1 100 Cash - Big Bank 55,000.00 300 Common Stock 55,000.00 Issue additional Common Stock Directions Chart Accts Journal GL Assets GL Liab-Equity GL Rev.Exp eady X AA a. A s% Con For B 13 fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates x fx Overpriced Jeans, Inc. General Journal Page 2 Posted Debit Credit 2021 Month-Day Account Number Account Name A Directions Trans A Chart Accts A Journal GL Assets GL Liab-Equity GL Rev-Exp Ready Con $ Porn fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates x Overpriced Jeans, Inc. General Journal Page #2 Posted Debit Credit 2021 Month Day Account Number Account Name + Directions Trans Chart Accts Journal GL Assets AGL Liab-Equity GL Rev-Exp Ready Fort BIOA Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. x fx OverPriced Jeans, Inc. General Journal Page 3 Posted Debit Credit Account 2021 Month Day Account Name Directions GL Rev-Exp Trans Chart Accts GL Liab-Equity Journal AGL Assets eady AA.EE A $% Con For Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates x fx OverPriced Jeans, Inc. General Ledger CAU Enter amounts by typing in the Account # 100 Cash - Big Bank Do NOT copy General Journ accounts. Debit Credit Journal Page 1 Balance 2021 Month-Day 3-1 3-1 Beginning Balance 76,000.00 55,000.00 76,000.00 Dr 131,000.00 DI 1 Account # 105 Cash - Little Bank Credit 2021 Month Day 3-1 Journal Page 1 Debit 27,000.00 Balance 27,000.00 Dr Beginning Balance * Account # 110 Accounts Receivable 2021 Directions Journal Chart Accts Journal Crortit A GL Assets Ralance GL Liab-Equity GL Rev.Exp Trans Ready ne Insert Draw US Page Layout X - A A BIOA. 59 ) Cong For Office Update To keep up-to-date with security updates, foces, and improvements, choose Check for Updates. fa Account # 110 Accounts Receivable Credit 2021 Month Day 3-1 Journal Page Debit 158,000.00 Balance 158,000.00 Dr Beginning Balance Account # 120 Inventory Credit Balance 2021 Month Day 3-1 Journal Page 3 Debit 36,000.00 36,000.00 Dr Beginning Balance Account # 150 Equipment Credit Balance 2021 Month-Day 3-1 Journal Page ! Debit 60,000.00 Beginning Balance 60,000.00 Dr Directions Trans Chart Accts Journal GL Liab-Equity GL Rev.Exp AGL Assets Ready ~ A A BIU OLA S 82 Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates X fx Over Priced Jeans, Inc. General Ledger CA Enter amount by typing in th Do NOT copy General Jourt Account #200 Accounts Payable Journal Page 1 Debit Credit 2021 Month-Day 3-1 Balance 0.00 Cr 0.00 Beginning Balance Account # 210 Note Payable - Big Bank Journal Pape Debit 2021 Month-Day 3-1 Beginning Balance Balance Credit 65,000.00 65,000.00 Account # 215 Note Payable - Little Bank Journal Page Debit 2021 Month Day 3-1 Credit Balance 60,000.00 CE Beginning Balance 60,000.00 Account # 220 Interest Payable - Big Bank Debit Credit Balance 2021 Month Day Directions Journal Page & Chart Accts Trans Journal AGL Assets GL Liab-Equity GL Rev-Exp Ready Fice Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. fx 3-1 Beginning Balance 65,000.00 65,000.00 Cr - Account # 215 Note Payable - Little Bank Debit Balance 2021 Month-Day 3-1 Journal Page 1 Credit 60,000.00 60,000.00 C Beginning Balance Account # 220 Interest Payable - Big Bank Debit Journal Page Credit Balance 2021 Month Day 3-1 600.00 Cr 600.00 Beginning Balance Account # 225 Interest Payable - Little Bank Journal Page 1 Debit Credit 2021 Month-Day Beginning Balance Balance 3-1 450.00 450.00 C Directions Trans Chart Accts Journal GL Assets GL Lieb-Equity AGL Rev-Exp Ready Formatting as atit Styles Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. - x x Interest Payable Account # 210 2021 Month-Day 7-1 Journal Page Debit Credit Balance Beginning Balance 0.00 0.00 Cr Account # 215 Unearned Revenue Journal Page : Debit Credit 2021 Month Day 7-1 Balance Beginning Balance 8,000.00 8,000.00 C Account # 220 Dividends Payable Journal Page 1 Debit 2021 Month-Day 7-1 Beginning Balance Credit Balance 0.00 CE 0.00 Account # 250 Note Payablo Journal Page 1 Debit Credit 2021 Month Day 7-1 Beginning Balance 7-1 Directions Trans Balance 0.00 Cr 35,000.00 CE OL Lab Equity GL Rev.Exp 0.00 35,000.00 GL Assets 1 Chart Acts Journal Tral B IS & SEquity [b A $% Cong Fom fice Update To keep up-to-date with security updates, Times, and improvements, choose Check for Updates fy 2021 Month Day Journal Page Debit Credit 450.00 Balance 450.00 Cr Beginning Balance Account # 300 Common Stock 2021 Journal Page 1 Debit Balance Mhey 3-1 Beginning Balance Credit 75,000.00 55,000.00 75,000.00 130,000.00 3-1 1 Account # 305 Retained Earnings 2021 Money Beginning Balance Journal Page Debit Credit 155.950.00 Balance 155,950.00 Cr Direction R Chart Aceta Journal GL Assets GL Lab Equity OL Rev-Exp DDD BO F3 ODD 14 F5 Insert Draw Formulas Data View Page Layout Review AA > Cor For office Update To keep up-to-date with security updates, thes, and improvements, choose Check for Updates x x OverPriced Jeans, Inc. - General Ledger CAU Enter amounts by typing in the Do NOT copy General Journ Account # 400 Sales Revenue Jumal Page Debit 2021 Month Day Credit Balance 0.00 CF 0.00 Beginning Balance Account # 500 Cost of Goods Sold Journal Pape Debit 2021 Month Day 3-1 Credit Balance 0.00 DE Beginning Balance 0.00 Account # 510 Rent Expense Journal Page Debit Credit 2021 Morthey 3-1 Beginning Balance Directions - Ta 0.00 Balance 0.00 Dr AGL Liab-Equity AGL Rev.Exp > Chart Accts A Journal GL Assets Insert he Draw Formulas Page Layout Data X A A $%% 8 Co FO Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. X Account # 510 Rent Expense 2021 Month Day Journal Page Debit Credit Balance 0.00 Dr 3-1 Beginning Balance 0.00 Account = 515 Wages Expense Debit Journal Page 1 Credit Balance 2021 Manth-Day 3-1 Beginning Balance 0.00 Dr 0.00 Account # 520 Interest Expense Journal Page 1 Debit 2021 Mont-Day 3-1 Credit Balance 0.00 Dr Beginning Balance 0.00 A Directions Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Ready Data Review Formulas me Insert View Tell me Draw Page Layout La A A D.A. S% 9 FO sto Office Update To keep up-to-date with security updates, foes, and improvements, choose Check for Updates. x x OPJ's - March 31, 2021 Pre-Closing Trial Balance CAUTION Enter amounts into the Pre-Closing Trial Bala Do NOT copy colls from the General Ledger Account Account Name Debit Credit 100 Cash - Big Bank 105 Cash - Little Bank 110 Accounts Receivable 120 Inventory 150 Equipment 200 Accounts Payable 210 Note Payable - Big Bank 215 Note Payable - Little Bank 220 Interest Payable - Big Bank 225 Interest Payable - Little Bank 300 Common Stock 305 Retained Earnings 400 Sales Revenue 500 Cost of Goods Sold 510 Rent Expense 515 Wages Expense 520 Interest Expense 0.00 Totals 0.00 - Directions Trans Chart Accts Journal GL Assets GL Liab-Equity GL Rev.Exp Ready AutoSave CE ABESU. 2 Chapter 06- OPJ Mini-Projec Home Insert Draw Page Layout Data Review View Tell me Formulas A W Paste Office Update Te koop up to date with security updates, Txes, and improvements, choose Check for Updates D6 Overpriced Jeans, Inc. Income Statement for the Month Ended March 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy cells from the General Ledger or Pre-Cosing Trial Balance Sales Revenue Cost of Goods Sold Gross Profit 0.00 Expenses Rent Expense Wages Expense Interest Expense 0.00 Total Expenses Net Income $0.00 Calculation of Retained Earnings as of March 31 for the Balance Sheet Retained Eamings Current Balance Plus March Net Income Retained Earnings as of March 31 for Balance Sheet 0.00 Dictions Chart Act Journal GL Assets GL Liab-Equity GL Rev.Exp Ready Auto VO Home Insert Draw Page Layout Formulas Data Review View Tell me X UD . Paste Office Update To keep up to date with security updates, fixes, and improvements, choose Check for Updates 08 & fx Overpriced Jeans, Ine. CAUTION Balance Sheet Enter amounts into the Balance Sheet by typing in the amounts as of March 31, 2021 Do NOT copy cells from the General Ledger or Pre-Closing Trial Bela Assets Cash - Big Bank Cash - Little Bank Accounts Receivable Inventory Equipment Total Assets $0.00 Llabilities Accounts Payable Note Payable - Big Bank Note Payable - Little Bank Interest Payable - Big Bank Interest Payable - Little Bank Total Liabilities 0.00 Equity Common Stock Retained Eamings Total Equity Total Liabilities & Equity 0.00 $0.00 Auctions Trans Chart Accts Journal GL Assets GL Lisb-Equity GL Rev.Esp Ready Home Insert Draw Page Layout Formulas Data Review View Tell me A ALE=P Paste Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. E6 x OPJ's - March 31, 2021 Post-Closing Trial Balance CAUTI Enter amounts into the Post-Closing Trix Do NOT copy cells from the General Lex Account Account Name Debit Credit 100 Cash - Big Bank 105 Cash - Little Bank 110 Accounts Receivable 120 Inventory 150 Equipment 200 Accounts Payable 210 Note Payable - Big Bank 215 Note Payable - Little Bank 220 Interest Payable - Big Bank 225 Interest Payable - Little Bank 300 Common Stock 305 Retained Eamings 400 Sales Revenue 500 Cost of Goods Sold 510 Rent Expense 515 Wages Expense 520 Interest Expense 0.00 Totals 0.00 Directions Chart Accts Journal GL Assets GL Liab-Equity GL Rev-Exp Ready Step by Step Solution
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