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PLEASE COMPLETE REQUIREMENT'S 4 & 5! March Transactions Chart of Accounts Requirement #4: Prepare adjusting entries using the following information in the General Journal below.
PLEASE COMPLETE REQUIREMENT'S 4 & 5!
March Transactions Chart of Accounts Requirement \#4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. o) The remaining inventory of repair supplies is $200. c) The estimated depreciation on repair equipment is $150. d) The estimated income taxes are $100. Requirement \#5: Post the adjusting entries on March 31 below to the General Ledger T-accounts anc compute adjusted balances. Just add to the balances that are already listed. Requirement \#7: Prepare the financial statements for Howard's Flight Radio Management Corporation as of March 31 in the space below. ou will only be preparing the Income Statement, Statement of Retained Earning, and the Balance Sheet. he Statement of Cash Flows is a required Financial Statement, but is not required for this project. Howard's Flight Radio Management Corporation oward's Flight Radio Management Corporatio Howard's Flight Radio Management Corporation Income Statement Statement of Retained Earnings Balance Sheet For the Month Ending March 31 For the Month Ending March 31 March 31Step by Step Solution
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