Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please, help with this Enovithe-month adjustments must occount for the followhing tions: c. Rent of $1,900 exolied durthg the month ialue. Required: 1. Comdete the
please, help with this
Enovithe-month adjustments must occount for the followhing tions: c. Rent of $1,900 exolied durthg the month ialue. Required: 1. Comdete the works heet for the mohth. during the month. 3. Joumsize sho post the acjusting enties. Ansher Complete this question by entering your answers in the tabs bclow: pmaiete the warzahati for the month: omplete this question by entering your answers in the tabs below: Presbrean hotink statertint. End-of the month acjustments must account for the follawing itmmi: a. Supples were purchased on January 1, 20X 1 , inventory of suppies on january 3, 200, is \$1, 400. b. The orepald bovertiling contract was sighed on Janusry 1, 20X1, and eavers a four-mprin period. c. Rent of $1,900 explied during the month. d. Deoreciation is computed using the straight-line methad. The maulpment hos sn matimsted ureful lite of 10 yars with na sa vage value. Requlred: 1. Comalete the worksheet for the month. 2. Prepore an income stotement, stotement of owner's equity, and bianee cheet. No additions inwestments were mode by the owner during the month. 3. Joumalize and post the adjusting entries. Analyze lithe solusting ent es had not been mode for the month, by what smount would net income be overstated or understated? Eomplete this question by entering your answers in the tabs below. Presice scobemant of a whers enuty fio adaltional investments were maces bu the owner durnq the month. End of the month acyustments must accaunt for the following ffemis. b. The prepsic acvertising contast was sigited an Januaiy 1. 30XI, and invmin a fourmanth perios. c. Rent of $1,900 expled during the manth. value. Required: 1. Comolete the worksheet for the month. during the month. 3. Joums ire she post the adlueting enties. Analyze Fhe solusting entries hod not been mace for the month, wi what amount wouf net income be overstated or understated? Complete this auestion by entering your answers in the tabs below. Shays Geen owns Creative Designs. The trial balance of the firm for Janusry 31,20X, thm fint month of oeerations, ss shown beiowi. Endw the month adlustments must account for the following liems: a. Supples were punchased en January 1,20X, inventory of supplies on January 31,201,15,51,400. b. The prepsid severtiang contract was signed on Januory 1, 20x1, and covmrs a fourms c. Rent of $1,900 expled during the manth. d. Depreclation is computed using the stialght-line method. The equipment has on mstimated usefiul lin of 10 ye3is with na saisage value. Required: 1. Comolete the worksheet for the manth. 2. Preare an incone state ment, statement of owneris equity, and ba ance shemt. No additona inumstments were mose by the quner. during the month. 3. Joums ize one post the aolusting entries. Anslyze Fhe sojusting entries hoe not been mace for the month, by whot amount woud net lncame be overrtated or understated? Complete this question by entering your answers in the tabs below. Journal entry worksheet 234 Frupare the acjurting enth tor suppices. End of the month ac uitments must account for the fol awing limmin: a. Supplies were purchased on January 1,20 ti inventiay of supplein on January 31,201,15 S.,A00. c. Rent of $1,900 expled durling the manth. value. Required: 1. Complete the worksheet for the month. durhg the month. Anslyze Fite solusting entles hoe not been mace for the month, by what amount wow dinet income be overststed or understated? Complete this question by entering your answers in the tabs below. Pat the bujusting antries. Endwf the-month adjustments must account for the follawing items: a. Supplies were punchased on January 1, 20x1; inventory of supplies on Janusry 31,20X1,1,51,400. b. The prepsld aovertsing contract was signed on January 1 , 20x, and covers a four-morth period. c. Rent of $1,900 explred during the month. d. Depreclation/s computed using the staight-line method. The equifment hor an estimated usefullife of 10 yeams with no soivage value. Required: 1. Complete the worksheet for the month. 2. Prepre sn theome stotement, statement of owheis equity, and ba lance sheet. No sdditionsil investments weie mose by the owner. during the month. 3. Joumslize ond post the adjusting entries. Anslyee lithe sejusting enties hae not been mode for the month, by whot amaunt would net income be overstated or understated? Complete this question by entering your answers in the tabs below
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started