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Thank you in advance for any help! Enclosed is a Wiley Assignment I have due tonight for my accounting course. Brief Exercise 4-2 The ledger

Thank you in advance for any help! Enclosed is a Wiley Assignment I have due tonight for my accounting course.

image text in transcribed Brief Exercise 4-2 The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,500, Service Revenue $55,600, and Salaries and Wages Expense $23,600. Adjusting entries are required for (a) expired insurance $1,900; (b) services performed $2,000, but unbilled and uncollected; and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Trial Balance Account Titles Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivabl e Salaries and Wages Payable Insurance Expense Dr. Cr. Adjustments Dr. Cr. LENTZ COMPANY Worksheet Adjusted Trial Balance Dr. Cr. Income Statement Dr. Cr. Balance Sheet Dr. Cr. Brief Exercise 4-3 The following selected accounts appear in the adjusted trial balance columns of the worksheet for Ashram Company. Indicate with an "X" the financial statement column (income statement Dr., balance sheet Cr., etc.) to which each balance should be extended. Income Statement Account Accumulated Depreciation Depreciation Expense Owner's Capital Owner's Drawings Service Revenue Supplies Accounts Payable Dr. Cr. Balance Sheet Dr. Cr. Brief Exercise 4-4 The ledger of Duston Company contains the following balances: Owner's Capital $30,100; Owner's Drawings $2,300; Service Revenue $50,000; Salaries and Wages Expense $25,400; and Supplies Expense $7,400. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 (To close drawings) Debit Credit Brief Exercise 4-5 The ledger of Duston Company contains the following balances: Owner's Capital $29,300; Owner's Drawings $3,000; Service Revenue $50,000; Salaries and Wages Expense $26,000; and Supplies Expense $6,200. The closing entries are as follows: (1) (2) (3) (4) Close revenue accounts. Close expense accounts. Close net income/(loss). Close drawings. Post the closing entries in the order presented in the problem and use the numbers as a reference. Salaries and Wages Expense Supplies Expense Service Revenue Owner's Drawings Income Summary Owner's Capital Exercise 4-1 The trial balance columns of the worksheet for Dixon Company at June 30, 2017, are as follows. DIXON COMPANY Worksheet For the Month Ended June 30, 2017 Trial Balance Account Titles Dr. Cash 2,200 Accounts Receivable 2,700 Supplies 2,000 Accounts Payable Cr. 1,000 Unearned Service Revenue 420 Owner's Capital 2,780 Service Revenue 3,600 Salaries and Wages Expense Miscellaneous Expense Total 660 240 7,800 7,800 Other data: 1. 2. A physical count reveals $400 of supplies on hand. $120 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $220. Complete the worksheet. DIXON COMPANY Worksheet Account Titles Trial Balance Dr Cash 2,200 Accounts Receivable 2,700 Supplies 2,000 Cr. Accounts Payable 1,00 0 Unearned Service Revenue 420 Owner's Capital 2,78 0 Service Revenue 3,60 0 Salaries and Wages Expense 660 Miscellaneo us Expense 240 Totals Supplies Expense Salaries and Wages 7,800 7,80 0 Adjustments Dr Cr. Adj. Trial Balance Income Statement Dr Dr Cr. Cr. Balance Sheet Dr Cr. Payable Totals Net Income Totals Exercise 4-5 The adjustments columns of the worksheet for Becker Company are shown below. Adjustments Account Titles Debit Accounts Receivable Credit 1,470 Prepaid Insurance 480 Accumulated DepreciationEquipment 900 Salaries and Wages Payable 600 Service Revenue 1,470 Salaries and Wages Expense 600 Insurance Expense 480 Depreciation Expense 900 3,450 3,450 Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service revenue on account) (To record expired insurance) (To record depreciation) (To record accrued salaries) Assuming the adjusted trial balance amount for each account is normal, indicate with an "X" the financial statement column to which each balance should be extended. Income Statement Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation Equipment Debit Credit Balance Sheet Debit Credit Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense Problem 4-3A The completed financial statement columns of the worksheet for Bray Company are shown as follows: BRAY COMPANY Worksheet For the Year Ended December 31, 2017 Income Statement Account No. Account Titles 101 Cash 112 Accounts Receivable Dr. Cr. Balance Sheet Dr. 8,700 11,000 Cr. 130 Prepaid Insurance 3,000 157 Equipment 158 Accumulated DepreciationEquip. 4,400 201 Accounts Payable 9,100 212 Salaries and Wages Payable 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 622 Maintenance and Repairs Expense 1,800 711 Depreciation Expense 3,100 722 Insurance Expense 1,700 726 Salaries and Wages Expense 732 Utilities Expense 23,800 2,500 19,400 10,300 59,600 30,100 1,500 Totals 38,200 Net Income 21,400 59,600 59,600 56,800 59,600 56,800 35,400 21,400 56,800 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BRAY COMPANY Income Statement $ $ $ Prepare owner's equity statement. (List items that increase owner's equity first.) BRAY COMPANY Owner's Equity Statement $ : : $ Prepare a classified balance sheet. (List Current Assets in order of liquidity.) BRAY COMPANY Balance Sheet Assets $ $ : $ Liabilities and Owner's Equity $ $ $

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