Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Project (Part B) Requirement 1 (Learning Objectives 3, 4: Adjust the accounts; construct the financial statements) Record the following month end adjusting entries for Gordon

image text in transcribed
image text in transcribed
image text in transcribed
Project (Part B) Requirement 1 (Learning Objectives 3, 4: Adjust the accounts; construct the financial statements) Record the following month end adjusting entries for Gordon Construction, Inc. at June 30, 2014 Month end accruals at June 30, 2014: . a. Accrued advertising revenue at June 30, $3,100. b. Supplies used during June, $2,300. c. Accrued salary expense at June 30 for Monday, Tuesday, and Wednesday. The normal five-day weekly payroll is S6,100 and will be paid on Friday, Requirement 2 Prepare an adjusted trial balance for Gordon Construction at June 30, 2014. Project - Part B Month End Adjusting Entries Date Account Titles Debit Credit Jun 30 Jun 30 art B Gordon Construction, Inc. Trial Balance Work Sheet June 30, 2014 Key each adjusting entry by letter in columni. When you plug in your adjustments below into columns j and k, the adjusted trial balance will change automatically. Adjusted Adjustments Trial Balance Debit Credit Debit Credit 55,000 0 Trial Balance Debit 55,000 0 Credit Account titles Cash Accounts receivable Supplies Equipment Land Accounts payable Salary payable Common Stock Diydends Service Revenue Salary Expense Utilities Expense Supplies Expense Total 55,000 0 0 55.000 55,000 55,000 55,000

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

Assessing Organizational Communication Strategic Communication Audits

Authors: Cal W. Downs, Allyson D. Adrian

1st Edition

1593850107, 978-1593850104

More Books

Students also viewed these Accounting questions

Question

3. Define the roles individuals play in a group

Answered: 1 week ago