Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ONLY NEED 4a and 5a 44 A16 PE 4-4A Closing entries OBJ. 3 After the accounts have been adjusted at October 31, the end of

image text in transcribedONLY NEED 4a and 5a

44 A16 PE 4-4A Closing entries OBJ. 3 After the accounts have been adjusted at October 31, the end of the fiscal year, the fol- lowing balances were taken from the ledger of Smart Delivery Services Co.: Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $3,550,000 40,000 1,145,000 740,000 65,000 14,750 8,800 Journalize the four entries required to close the accounts. 44 16 PE 4-4B Closing entries OBJ. 3 After the accounts have been adjusted at April 30, the end of the fiscal year, the follow- ing balances were taken from the ledger of Nuclear Landscaping Co.: $643,600 10,500 356,500 283,100 56,000 11,500 13,000 Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Journalize the four entries required to close the accounts. E45 p164 PE 4-5A Accounting cycle OBJ. 4 From the following list of steps in the accounting cycle, identify what two steps are missing: a. Transactions are analyzed and recorded in the journal. b. An unadjusted trial balance is prepared. c. Adjustment data are assembled and analyzed d. An optional end-of-period spreadsheet is prepared. e. Adjusting entries are journalized and posted to the ledger f. An adjusted trial balance is prepared. g. Closing entries are journalized and posted to the ledger h. A post-closing trial balance is prepared

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

Step: 3

blur-text-image

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

Software Reviews And Audits A How To Guide For Project Staff

Authors: Dr David Tuffley

1st Edition

1461130468, 978-1461130468

More Books

Students also viewed these Accounting questions