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please help me with parts 3,4,5 Following is the November 30, 2020 unadjusted trial balance of Zenith Delivery Company, Inc. The account balances represent the
please help me with parts 3,4,5
Following is the November 30, 2020 unadjusted trial balance of Zenith Delivery Company, Inc. The account balances represent the results of entries recorded during the first 11 months of 2020. There have been no stock transactions during the year. Zenith Delivery Company, Inc. Unadjusted Trial Balance November 30, 2020 ACCT# DEBITS CREDITS $ 69.660 4.600 730 1.200 6,500 295,000 $ 115,000 1,300 0 0 1.600 128.000 20,000 42.000 Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Trucks Accumulated Depreciation Trucks Accounts Payable Interest Payable Wages Payable Unearned Delivery Fees Long-Term Notes Payable Common Stock, No-Par Retained Earnings Dividends Delivery Fees Earned Depreciation Expense, Trucks Wages Expense Interest Expense Rent Expense Insurance Expense Office Supplies Expense Advertising Expense Truck Repair/Gas Expense General and Administrative Expense Income Summary 101 125 126 127 128 150 151 201 202 203 213 230 301 302 390 401 510 520 521 522 523 524 525 526 527 901 15,000 180,000 36,800 0 0 0 0 4.800 38,940 14,670 $ 487 900$ 487.900 REQUIRED Enter the November 30, 2020 account balances into the general ledger accounts. Prepare and post journal entries to record the December transactions previously listed. Entries should be in full format (refer to Illustration 3.8 in Kieso). Use the 'Excel templates provided for the General Journal and Ledger. T 3. Prepare a 10-column worksheet (a template is provided) and enter the December 31 unadjusted balances from the general ledger (refer to Appendix 3C in Kieso). Prepare and post adjusting entries for the following items, and complete the worksheet: a. Unpaid wages were $420 as of December 31. b. The December 31 office supplies inventory was $80. c. The unexpired portion of the prepaid rent was $600 as of December 31. d. The unexpired portion of the prepaid insurance was $4,070 as of December 31. e. Depreciation for the year on the trucks was $27,440. f. Unearned delivery fees balance at December 31 was $375. g. Interest Expense on the notes payable for 2020 was $31,000, payable February 1, 2021. -> Prepare a single-step income statement and a statement of changes in retained earnings for the year, and a classified balance sheet as of December 31, 2020 in proper format. Assume that Zenith had 10,000 common shares outstanding in 2020. Attach these pages to your assignment. 5. Journalize and post the closing entries. * Prepare a post-closing trial balance on a separate page Step by Step Solution
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