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table [ [ table [ [ The following trial balance was ] , [ September 3 0 , 2 0 2 0 ]
tabletableThe following trial balance wasSeptember Moseley's,ty as atSams Variety,,,Trial Balance,,,September Cash$Accounts Receivable,Office Supplies,Prepaid Rent,Inventory September EquipmentAccounts Payable,,$Notes Payable,,Utilities Payable,,Unearned Revenue,,Common Stock,,Sales Revenue,,Wages Expense,Miscellaneous Expense,Electricity Expense,Telephone Expense,Advertising Expense,Totals$$ Additional information: A count of the office supplies at September revealed that there was an amt of $ on hand. The prepaid rent relates to the period June to May The equipment was purchased on April and has an estimated useful life of five years with zero salvage value. The note payable was issued on October with an interest rate of Repayment of the principal is $ is due on October The unearned revenue relates to the period August to December Included in advertising expense is an amount of $ for a Nation supplement to be run in October As at September there was an amount of $ representing wages due to staff. On September a sales order was shipped, however due to an internet outage the invoice for $ could not be completed on that date. Required: Prepare the relevant adjusting journal entries in General Journal form Prepare an accounting worksheet for Sam's Variety at September Prepare an income statement for the month ended September Prepare a classified balance sheet as at September Prepare closing entries in General Journal form Prepare a postclosing trial balance.
tabletableThe following trial balance wasSeptember Moseley's,ty as atSams Variety,,,Trial Balance,,,September Cash$Accounts Receivable,Office Supplies,Prepaid Rent,Inventory September EquipmentAccounts Payable,,$Notes Payable,,Utilities Payable,,Unearned Revenue,,Common Stock,,Sales Revenue,,Wages Expense,Miscellaneous Expense,Electricity Expense,Telephone Expense,Advertising Expense,Totals$$
Additional information:
A count of the office supplies at September revealed that there was an amt of $ on hand.
The prepaid rent relates to the period June to May
The equipment was purchased on April and has an estimated useful life of five years with zero salvage value.
The note payable was issued on October with an interest rate of Repayment of the principal is $ is due on October
The unearned revenue relates to the period August to December
Included in advertising expense is an amount of $ for a Nation supplement to be run in October
As at September there was an amount of $ representing wages due to staff.
On September a sales order was shipped, however due to an internet outage the invoice for $ could not be completed on that date.
Required:
Prepare the relevant adjusting journal entries in General Journal form
Prepare an accounting worksheet for Sam's Variety at September
Prepare an income statement for the month ended September
Prepare a classified balance sheet as at September
Prepare closing entries in General Journal form
Prepare a postclosing trial balance.
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