Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer number 3,6,7 i am having trouble with these and the journal parts 2,900 Rent Expense Depreciation Expense - Equipment Supplies Expense Total $

please answer number 3,6,7
i am having trouble with these and the journal parts image text in transcribed
image text in transcribed
2,900 Rent Expense Depreciation Expense - Equipment Supplies Expense Total $ 69,200.00 $ 69,200.00 Adjustment Data a. Unearned revenue still unearned at December 31, 2016 $1,800 b. Prepaid rent still in force at December 31, 2016 $2,300 c. Office supplies used $1,400 d. Depreciation $380 e. Accrued Salaries Expense at December 31, 2016 $210 Requirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Comt te the worksheet for the year ended December 31, 2016, 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 2. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company, You may save and use the following EXCEL TEMPLATE on create your own. Upload your Excel Workbook using the following protocol: LastnameFirstname Assessment Walton Anvils Unadjusted Trial Balance December 31, 2016 Balance Account Title Debt Credit Cash $ 16,900.00 Accounts Receivable 17,500 Prepaid Rent 2,500 Office Supplies 1,900 Equipment 23,000 Accumulated Depreciation - Equipment $ 7,000.00 Accounts Payable 6,200.00 Salories Payable Unearned Revenue 5,600.00 Common Stock 28.000.00 Retained Earnings 1,600.00 Dividends 4,500 Service Revenue 20.800.00 Salaries Expense 2.900 Rent Expense Depreciation Expense - Equipment Supplies Expense $ 69.200.00 $ 69,200.00 Total Adjustment Data

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

The Changing Face Of American BankingDeregulation, Reregulation, And The Global Financial System

Authors: Ranajoy Ray Chaudhuri

3rd Edition

1137365811, 9781137365811

More Books

Students also viewed these Accounting questions

Question

mple 10. Determine d dx S 0 t dt.

Answered: 1 week ago

Question

Describe the major barriers to the use of positive reinforcement.

Answered: 1 week ago