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please answer all sections Prob 4-1B. Common Stock THIS is your Bob- Homework .. Exercise 4-1 . AND Sal & Wage Ex E4-1 The trial
please answer all sections
Prob 4-1B. Common Stock THIS is your "Bob- Homework" .. Exercise 4-1 . AND Sal & Wage Ex E4-1 The trial balance columns of the worksheet for Nanduri Company at June 30, 2017 NANDURI COMPANY For the Month Ended June 30, 2017 Supplies E are as follows. sheet Net Income 2,320 2,440 1,880 you can always tak BAL SHT columns is Supplies Accounts Payable 1,120 240 3,600 2,400 THIS is the oth 160 7,360 Chapter4 P4-1B The trial bal thi Already completed Exercise 4-1... Working Papers Accounts Payable Unearned Revenue Common Stock Service Revenue Sal & Wage Expense Misc. Expense 1,120 240 (b) 140 3,600 2,400 (b) 140 560 160 (c) 210 Totals Supplies Expense Depreciation Expense Salary & Wages Payable 7,360 7,360 (a) 1,380 (c) 210 1,730 1,730 Totals Net Income Totals This is a short practice worksheet BUT the Adj Trial Balance columns are NOT used save your self some writing you can always take ENG 101 & 102 to satisfy you writing "craving". The "darker" spaces in the INC ST and BAL SHT columns is a HINT that those accounts are NOT on that financial statement's column. Make sure you TOTAL each column THIS is the other part of your "Bob- Homework" This problem is NOT in your textbook Prob 4-1B. Font 1. Supplies on hand total $280. (Hint How much was 'used up") 2. Depreciation is $800 per quarter- PMnt Remember he 'quarter's 3 mon / Ex (Hint accrued does NOT mean that you paid it Cash is NOT affecfed) 5. Services performed but unbilled at March 31 total $2,030. (adj cols 4,500 Statement and Ba in the ONE col of Each account will (d) Journalize the closing entries from the financial statement columns of the worksheet. Liability, Common l statement column.) Travel Expense Rent Expense Misc. Expense 1,300 1,200 200 55,970 55,970 Totals Supplies Expense Depreciation Expense Accum Dept-Equi Interest Expense Interest Pavable Insurance Expense Totals Net Income Totals Instructors Note: The Trial Balance columns should be equal as should the adjustment columns adj cols 4,500 VERIFY IT). However the debit and credit columns of the Income Statement and Balance Sheet columns, will NOT be equal until you "plug in" the Net Income in the ONE col of Inc St and ONE col in the Bal Sht. (If a debit in one then a credit in the other). Each account will appear in EITHER the Income Statement OR the balance sheet-NOT BOTH. Only Revenues and Expenses are included in the Income Stmnt columns while only Asset Liability, Common Stock and Dividend amounts are in the balance sheet col. PEVNCKINC Income Statement the umn.) THIS is your "Bob -H " Exercise 4-1... AND... Prob 4-1EB Service Revenue 140 Expense NANDURI COMPANY 1.730 1,730 For the Month Ended June 30, 2017 BUT the Adj Trial Balance columns are NOT used save your seif some wiriting 2,320 2.440 1,880 Cash you can aways take ENG 101 & 102 to satisty you wrning "craving" The "d Accounts Payable Unearned Service Revenue 1,120 Revenue 160 This probiem is NOT in your textbook 7.360 Other data Chapter 4 Problems: Set B You do this are $210. Already oc Exercise 4-1 Working Papers O Type here to seatchStep by Step Solution
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