Question 9 - Ch 4 Home. C On Problem 4-SA LO C2.. CL04-03-Based On Pro... Based on Problem 4-5 Problem 4-FALO CZ mework Saved Help Save & E Che GL0403 - Based on Problem 4-5A LO C2, P3 ud The fiscal year-end unadjusted trial balance for Turner Company is found on the trial balance tab, Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Turner 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 $2,850. b. Expired insurance, an administrative expense, for the fiscal year is $1,840 c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11.280 of inventory is still available at fiscal year-end OK ances General Journal Requirement General Ledger Multiple Stop Single Step Is Balance Sheet Trial Balance IS 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 > E G tv 26 OTTO Based on Problem 4-5 en Problem -SALOC. work 6 un Svet Help Save & Exit Su Check my we Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,850 b. Expired insurance, an administrative expense, for the fiscal year is $1,840, c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $11,280 of inventory is still available at fiscal year-end Requirement General General Journal Trial Balance Multiple Step Ledger is Single Step Is Balance Sheet Ratios 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 Store supplies still available at fiscal year-end amount to $2,850. Note: Enter debits before credits Debit Credit Account Title Date Jan 31 E G tv 26 OTTO Based on Problem 4-5 en Problem -SALOC. work 6 un Svet Help Save & Exit Su Check my we Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,850 b. Expired insurance, an administrative expense, for the fiscal year is $1,840, c. Depreciation expense on store equipment, a selling expense, is $6,100 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $11,280 of inventory is still available at fiscal year-end Requirement General General Journal Trial Balance Multiple Step Ledger is Single Step Is Balance Sheet Ratios 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 Store supplies still available at fiscal year-end amount to $2,850. Note: Enter debits before credits Debit Credit Account Title Date Jan 31
