PLEASE HELP I NEED ALL PARTS DONE THANK YOU!
unadjusted trial balance sheet
The fiscal year-end unadjusted trial balance for Carter Company is found on the trial balance tab, Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Carter Company uses a perpetual inventory system. Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,700. b. Expired insurance, an administrative expense, for the fiscal year is $1780 c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year d. To estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $11,000 of inventory is still available at fiscal year-end. Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios General Journal tab - Prepare any necessary adjusting entries. Multiple step Income Statement tab - Prepare a multiple step income statement. Single-step Income Statement tab - Prepare a single-step income statement using the values from the multiple-step income statement. Balance Sheet tab - Prepare a classified balance sheet. Ratio tab - Calculate the current ratio, the acid-test ratio, and the gross margin ratio General Journal > For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. View transaction list Journal entry worksheet Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Recondentes Claen Vianor Liwal View transaction list Journal entry worksheet To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Recondent Clear entry View.dementional View transaction list Journal entry worksheet Record the entry to close income summary. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Recent Concentry View.eneraliummal View transaction list Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Record entry Clementi View emeraliummal Carter Company Income Statement For Year Ended January 31, 2019 $ 0 $ 0 0 Net sales 0 0 Gross profit 0 0 0 0 0 Net income Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios A single-step income statement yields the same net income, but does not show the same level of detail/subtotals as the multiple-step income statement. Use the information from the multiple step income statement to complete the single-step income statement below. Unadjusted Carter Company Income Statement For Year Ended January 31, 2019 Revenues: Net sales Expenses: Cost of goods sold $ Total selling expenses Total general and administrative expenses Total expenses Net income S 0 0 0 0 0 U Total assets Liabilities and Equity Liabilities $ 0 0 Equity $ (4.900) Total liabilities and equity (4,900) (4.900) $ Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,700. b. Expired insurance, an administrative expense, for the fiscal year is $1,780. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available fiscal year-end Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios Compute the following ratios as of January 31, 2017. Round each ratio to 2 decimal places. Dates: Jan 31 to: Jan 31 Current ratio Acid-test ratio Gross margin ratio For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. View transaction list Journal entry worksheet Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Recondentes Claen Vianor Liwal View transaction list Journal entry worksheet To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Recondent Clear entry View.dementional View transaction list Journal entry worksheet Record the entry to close income summary. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Recent Concentry View.eneraliummal View transaction list Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Record entry Clementi View emeraliummal Carter Company Income Statement For Year Ended January 31, 2019 $ 0 $ 0 0 Net sales 0 0 Gross profit 0 0 0 0 0 Net income Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios A single-step income statement yields the same net income, but does not show the same level of detail/subtotals as the multiple-step income statement. Use the information from the multiple step income statement to complete the single-step income statement below. Unadjusted Carter Company Income Statement For Year Ended January 31, 2019 Revenues: Net sales Expenses: Cost of goods sold $ Total selling expenses Total general and administrative expenses Total expenses Net income S 0 0 0 0 0 U Total assets Liabilities and Equity Liabilities $ 0 0 Equity $ (4.900) Total liabilities and equity (4,900) (4.900) $ Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,700. b. Expired insurance, an administrative expense, for the fiscal year is $1,780. c. Depreciation expense on store equipment, a selling expense, is $6,800 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available fiscal year-end Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios Compute the following ratios as of January 31, 2017. Round each ratio to 2 decimal places. Dates: Jan 31 to: Jan 31 Current ratio Acid-test ratio Gross margin ratio
