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This is a continuation of the Unit 2 assignment, after all corrections have been made Chapter 2 segment has not been completed, the assignment can
This is a continuation of the Unit 2 assignment, after all corrections have been made Chapter 2 segment has not been completed, the assignment can begin at this point. After the success of its first two months, Darcy Zaylo has decided to continue operating Darcy Systems. Before proceeding in December, Zaylo adds these new accounts to the chart of accounts for the ledger: 2 Required 3 1. Prepare journal entries to record each of the following transactions for Darcy Systems. Post th c. As of the end of the year, Chris Douglas has not been paid for 14 days of work at the rate of $240 per day. d. The computer equipment is expected to have a two-year life with no residual value. e. The office equipment is expected to have a five-year life with no residual value. f. Prepaid rent for three of the six months has expired. 3. Prepare an adjusted trial balance as of December 31, 2020 . 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2020. 5. Prepare a balance sheet as of December 31, 2020 . This is a continuation of the Unit 2 assignment, after all corrections have been made Chapter 2 segment has not been completed, the assignment can begin at this point. After the success of its first two months, Darcy Zaylo has decided to continue operating Darcy Systems. Before proceeding in December, Zaylo adds these new accounts to the chart of accounts for the ledger: 2 Required 3 1. Prepare journal entries to record each of the following transactions for Darcy Systems. Post th c. As of the end of the year, Chris Douglas has not been paid for 14 days of work at the rate of $240 per day. d. The computer equipment is expected to have a two-year life with no residual value. e. The office equipment is expected to have a five-year life with no residual value. f. Prepaid rent for three of the six months has expired. 3. Prepare an adjusted trial balance as of December 31, 2020 . 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2020. 5. Prepare a balance sheet as of December 31, 2020
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