Ten Column Work Sheet and closing entries (appendix)

The unadjusted trial balance for forever green landscaping on august 31 2014 follows.

Forever Green Landscaping
Unadjusted trial Balance
31-Aug-14
	Debit	Credit
Cash	6460
Accounts receivable	$23,400.00
Supplies on hand	$1,260.00
Prepaid insurance	$3,675.00
Equipment	$28,800.00
Accumulated depr.-equipment		$9,200.00
Building	$72,000.00
Accumulated depr.-buildings		$16,800.00
Accounts payable		$10,500.00
Notes payable		$10,000.00
Capital stock		$40,000.00
Retained earnings		$42,100.00
Service revenue		$14,200.00
Advertising expense	1200
Gasoline and oil expense	$1,775.00
Wage and salary expense	$4,230.00
Totals	$142,800.00	$142,800.00
1.) Enter the unadjusted trial balance in the first two columns of a ten column work sheet 2.) Enter the necessary adjustments in the appropriate columns of the work sheet for each of the following a.) a count of the supplies on hand at the end of august reveals a balance of $730 b.) The company paid $4,200 in cash on May 1, 2014, for a two year insurance policy c.) The equipment has a four year estimated useful life and a salvage value of $4,800 d.) The building have an estimated useful like of 30 years and no salvage value e.) The company leases space in its building to another company. The agreement requires the tenant to pay for ever green $700 and the 10th of each month for previous months rent f.) Wages and salaries earned by employees at the end of august but no yet paid amount of $3,320 g.) The company signed a six-month promissory note on august 1, 2014. Interest at an annual rate of 12% and the principal amount of $10,000 are due on February 1, 2015 3.) Complete the remaining columns of the work sheet 4.) Assume that forever green closes its books at the end of each month before preparing statements prepare the necessary closing entries at august 31, 2014

Enter the unadjusted trial balance in the first two columns of a ten column work sheet

Enter the necessary adjustments in the appropriate columns of the work sheet for each of the following

a count of the supplies on hand at the end of august reveals a balance of $730

The company paid $4,200 in cash on May 1, 2014, for a two year insurance policy

The equipment has a four year estimated useful life and a salvage value of $4,800

The building have an estimated useful like of 30 years and no salvage value

The company leases space in its building to another company. The agreement requires the tenant to pay for ever green $700 and the 10^th of each month for previous months rent

Wages and salaries earned by employees at the end of august but no yet paid amount of $3,320

The company signed a six-month promissory note on august 1, 2014. Interest at an annual rate of 12% and the principal amount of $10,000 are due on February 1, 2015

Complete the remaining columns of the work sheet

Assume that forever green closes its books at the end of each month before preparing statements prepare the necessary closing entries at august 31, 2014