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Please answer all of it will give a like Thank you! On January 1, 2021, the general ledger of Boomer Company includes the following account

Please answer all of it will give a like Thank you!
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On January 1, 2021, the general ledger of Boomer Company includes the following account balances: The $40,000 beginning balance of inventory consists of 400 units, each costing $100. During January 2021 , the following transactions occurred: January 2 Recelved a $30,000-month, 51 note on a loan abomer made to Cowboys, Inc. Janadry 5 Purehased 4,800 anits of inventory on account for $480,000 (\$100 each) with terms 1/10, ti/30. January \& Heturned 100 defective units of Inventory purehased on January 5. this transaction. 5. The units wore placed in inventory to be inold in the future. Pecord 2 entries for thin traneaction. reoelvable on nale of 4,000 unlte hold on anusry 15 . January 2.1 Wrote oft renalnita accotinte receivable from 2020. owed from pritchase of 4,400 undtan on January 5. Janiary 2 A Pald eash for talartes during January, $3 j., 000. Janubsy 29 Paid eash for utilitied during January, 520,000 . The following information is available on January 31,2021 for adjusting entries at the end of the month. a. Boomer estimated that 10% of the January 31 accounts receivable balance will not be collected. b. Accrued interest on notes receivable for January. c. Accrued interest on notes payable for January. d. Accrued income taxes at the end of January for $6,000. e. Depreciation on the building, $3,000. Problem 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 113 ) assuming a FIFO perpetual inventory system. The grossmethod is used for recording discounts on purchases and sales of inventory. Review the unadjusted Trial Balance in the 'Trial Balance' tab to confirm that debits equal credits and that ending account 2. balances are shown correctly as debits or credits. The year on the Trial Balance tab is incorrectly shown as 2018 instead of 2021 . 3. Record adjusting entries on January 31 in the 'General Journal' tab (these are shown as items 14-18). Review the Adjusted Trial Balance as of January 31,2021 , in the 'Trial Balance' tab to confirm that deblts equal credits 4. and that ending account balances are shown correctly as debits or credits. Prepare a multiple-step income statement for the period ended January 31, 2021, in the 'Income Statement' tab. Select 5. "Adjusted Trial Balance" at the top left. You may not use every line on the income statement. Enter "Net income" as the title for the last line. Prepare a classiffed balance sheet as of January 31, 2021, in the 'Balance Sheet' tab. Select "Adjusted Trlal Balance" at 6. the top left. Show any NONCURRENT liabilities on the line below the Current section. Record the closing entries in the 'General Journal' tab (these are shown as items 19 and 20). In the second closing entry, 7. close all temporary accounts with debit balances (expenses, contra-revenues, dividends). 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 13) assuming a FIFO perpetual inventory system. The gross method is used for recording discounts on purchases and sales of inventory. Review the unadjusted Trial Balance in the 'Trial Balance' tab to confirm that debits equal credits and that ending account 2. balances are shown correctly as debits or credits. The year on the Trial Balance tab is incorrectly shown as 2018 instead of 2021. 3. Record adjusting entries on January 31 in the 'General Journal' tab (these are shown as items 14-18). Review the Adjusted Trial Balance as of January 31, 2021, in the 'Trial Balance' tab to confirm that debits equal credits 4. and that ending account balances are shown correctly as debits or credits. Prepare a multiple-step income statement for the period ended January 31, 2021, in the 'Income Statement' tab. Select 5. "Adjusted Trial Balance" at the top left. You may not use every line on the income statement. Enter "Net income" as the title for the last line. Prepare a classified balance sheet as of Janutary 31, 2021, in the 'Balance Sheet' tab. Select "Adjusted Trial Balance" at 6. the top left. Show any NONCURRENT liabilities on the line below the Current section. Record the closing entries in the 'General Journal' tab (these are shown as items 19 and 20). In the second closing entry, 7. close all temporary accounts with debit balances (expenses, contra-revenues, dividends). 8. Revlew the Post-closing Trial Balance as of January 31, 2021, in the 'Trial Balance' tab to confirm that only permanent account balances are included; temporary accounts should be closed

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