This is from Accounting Principles: A Business Perspective 10th Edition.

Chapter 2, Problem 2-1, page 95

John Adams JWS his own accounting 2018. When he prea column was $435.00 possible reasons you normally proce dams JWS manages a bowling center called Strike Lanes. He also maintains Decounting records and was about to prepare financial statements for the year When he prepared the trial balance from the ledger accounts, the total of the debits was $435,000, and the total of the credits column was $425,000. What are the reasons why the totals of the debits and credits are out of balance? How would cally proceed to find an error if the two trial balance columns do not agree? Determine tri Perfi to the Consolidated Balance Sheets of Apple Inc., in the Annual Report Appendix in the back of this text. Perform both horizontal and vertical analysis on each of Ja's current asset accounts, treating total current assets as a significant total for verti- cal analysis. Comment on the results. Note: Although you can certainly do this exercise with a calculator, computer spread- sheets are ideal for this type of analysis. comment Problems The transactions of Lightning Package Delivery Company for March 2018 are as follows: Prepare Mar. 1 The company was organized and issued capital stock for $325,000 cash. 2 Paid $7,000 as the rent for March on a completely furnished building. 5 Paid cash for delivery trucks, $195,000. 6 Paid $4,000 as the rent for March on two forklift trucks. 9 Paid $4,500 for supplies received and used in March. 12 Performed delivery services for customers who promised to pay $32,000 at a later date. 20 Collected cash of $4,500 from customers on account (see March 12 entry). 21 Received a bill for $1,800 for advertising in the local newspaper in March. 27 Paid cash for gas and oil consumed in March, $750. 31 Paid $3,000 salaries to employees for March 31 Received an order for services at $12,000. The services will be performed in April. 31 Paid cash dividend, $2,500. Prepare the journal entries required to record these transactions in the general journal of the company. Chapter 2 Recording Business