Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Today is december 19 and i need this in few hours this is tovell journal worksheet page 1 : after looking at the trial balance
Today is december 19 and i need this in few hours
this is tovell journal worksheet
page 1 : after looking at the trial balance do adjustment income statement and balance sheet then
page 1
page 1
page 2 is adjustment entries
page 3 income statement
page 4 classified balance sheet
page 5 which is the last page
it is tovell journal worksheet trial balance is given and i need all the answers starting from adjustments. i would also appreciate if i got the answers in few hours its december 20
2 3 For Year 4 5 DR 6 7 Trial Balance CR 2,000.00 15,317.20 23,795.16 4,200.00 775,000.00 630,000.00 8 9 10 11 12 45,000.00 13 95,700.00 14 22,710.00 75,325.00 16 17 30,000.00 9,216.42 1,280.00 18 19 750.00 20 21 Bank Accounts Receivable Supplies and Materials Prepaid Insurance Land Building Accumulated Depreciation: Building Equipment Accumulated Depreciation: Equipment Automotive Equipment Accumulated Depreciation: Automotive Equip. Accounts Payable HST Payable HST Recoverable Bank Loan Mortgage Payable R. Lucht, Capital R. Lucht, Drawings Revenue -- Advertising Revenue -- Circulation Bank Interest and Charges Expense Building Matintenance Expense Car Expense Miscellaneous Expense Mortgage Interest Expense Office Expense Office Salaries Expense Sales Promotion Expense Telephone Expense Truck Expense Utilities Expense Wages Expense 100,000.00 660,000.00 729,448.91 22 23 50,000.00 24 218,946.00 91,315.00 25 26 27 28 29 30 31 32 12,150.00 3,220.00 4,960.50 5,940.13 36,300.00 1,240.00 34,319.15 2,750.00 2,946.00 26,334.19 11,350 94,319 1,907,916.33 33 34 35 36 37 38 1,907,916.33 39 an 7:50 Drive 5 & bee D Tove Journal Worksheet For Year Ended December 31, 2020 Adjustments DR CH Income Statement 4 5 6 7 A 10 11 12 3 13 14 > 15 16 3 2 17 18 2. 19 20 3 2 22 1 3 25 3 20 27 29 30 31 ANNARS 3 BR 8899995 2 30 34 35 35 27 3 40 41 12 43 44 45 46 47 IUL Worksheet Adjusting Entrie + 3 4 Income Statement Balance Sheet CR 5 DR 6 7 8 9 10 14 17 18 22 24 27 EEEEEEEENNEXES &$ $$$ 44 Worksheet Adjusting Entrie + 3 General Journal Particulars Date P.R Debit Page Credit 5 Adjusting Entries 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 38 39 40 41 42 43 44 45 46 47 48 49 50 1 2 N 3 4 REVENUE 5 6 7 8 9 OPERATING EXPENSES 10 11 12 13 14 15 16 17 18 O o 19 20 21 22 23 24 25 26 27 28 29 20 Balance Sheet ASSETS Current Assets 7 8 10 11 50.00 Total Current sets Property. Plant & Equipment for fixed assets) 12 13 14 15 16 17 12 10 21 22 S000 23 22 Total Assets 25 28 LIABILITIES AND OWNER'S EQUITY 27 Current Liabilities 2 $0.00 30 33 22 Total Current brities 99 34 Long-Term Liabilities 35 $0.00 37 38 Total Liabilities 29 40 Shareholder's Equity 41 45 44 Total Liabilities & Owner's Equity $0.00 $$$$ 49 50 5+ 55 fied Balance Sheet C + 0 D E F B Closing Entries Page Date General Journal Particulars PR Debit Credit Adjusting Entries 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 41 42 43 44 45 46 47 48 49 50 51 52 2 55 2 3 For Year 4 5 DR 5 7 8 9 Trial Balance CR 2,000.00 15.317.20 23,795.16 4,200.00 775,000.00 630,000.00 10 11 12 45,000.00 13 95.700.00 22.710.00 14 15 16 75,325.00 17 30,000.00 921642 1.280.00 11 750.00 20 21 22 23 24 Rank Accounts Receivable Supplies and Materials Prepaid Insurance Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Automotive Equipment Accumulated Depreciation Automotive Equip Accounts Payable HST Payable HST Recoverable Bank Loan Mortgage Payable R. Lucht, Capital R. Lucht, Drawings Revenue - Advertising Revenue - Circulation Bank Interest and Charges Expense Building Matintenance Expense Car Expense Miscellaneous Expense Mortgage Interest Expense Office Expense Office Salaries Expende Sales Promotion Expense Telephone Expense Truck Expense Utilities Expense Wages Expense 100,000.00 660,000.00 729,448.91 50,000.00 218,946.00 91.315.00 25 26 27 28 20 30 31 32 33 34 25 36 3 12.150.00 3,220.00 4,960.50 5.94013 36,300.00 1.240,00 34,319.15 2.750.00 2.9.46.00 26,334.19 11.350 9319 1,907,916.33 1,907,916.30 42 $$$$$$$$ 45 47 49 Worksheet Adjusting Entric + + > 4 Tove Journal Works Ended December 31, 2010 Adjustments DR CH Balance Sheet OR 2 5 . 7 5 0 11 13 14 15 12 18 21 24 25 25 27 20 20 30 31 2 35 41 383663883 47 51 2 93 54 Worksheet Adjusting Entri + Adjusting Entries Date General Journal Particular PR Debat Croat Adung Enes 7 10 11 12 14 15 10 11 18 19 70 21 22 25 20 27 20 29 50 39 33 w ST 3 10 10 41 42 14 15 us 41 15 50 $1 52 50 4 Vorksheet Adjusting Entries + REVENUE 5 6 7 8 9 10 OPERATING EXPENSES 11 12 13 14 15 18 17 0 0 18 19 20 20 22 23 24 24 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 42 44 25 Income Statement Clas + Balance Sheet ASSETS Current Assets 5 6 7 8 10 11 50.00 12 Total Current Assets Property, Plant & Equipment for fixed assets) 13 14 10 16 IT 18 19 20 21 $0.00 23 24 Total Assets 25 2 LIABILITIES AND OWNER'S EQUITY 27 Current Liabilities 28 20 2 Total Current whites $0.00 3 Long Term Liabilities > 37 Total Liabilities $0.00 3 Shareholder's Equity 41 43 40 47 Total Liabilities & Owner's Equity $0.00 198SOO 51 MIII Classified Balance Sheet + Closing Entries General Journal Partia 4 Date PR COR Ang En T 11 1 14 20 21 22 23 24 27 28 30 31 11 4 30 13 3 30 45 41 42 40 4 45 1 & 06 51 55 Se 56 ST se 45 66 67 ssified Bala Closing Entries + 2 3 For Year 4 5 DR 6 7 Trial Balance CR 2,000.00 15,317.20 23,795.16 4,200.00 775,000.00 630,000.00 8 9 10 11 12 45,000.00 13 95,700.00 14 22,710.00 75,325.00 16 17 30,000.00 9,216.42 1,280.00 18 19 750.00 20 21 Bank Accounts Receivable Supplies and Materials Prepaid Insurance Land Building Accumulated Depreciation: Building Equipment Accumulated Depreciation: Equipment Automotive Equipment Accumulated Depreciation: Automotive Equip. Accounts Payable HST Payable HST Recoverable Bank Loan Mortgage Payable R. Lucht, Capital R. Lucht, Drawings Revenue -- Advertising Revenue -- Circulation Bank Interest and Charges Expense Building Matintenance Expense Car Expense Miscellaneous Expense Mortgage Interest Expense Office Expense Office Salaries Expense Sales Promotion Expense Telephone Expense Truck Expense Utilities Expense Wages Expense 100,000.00 660,000.00 729,448.91 22 23 50,000.00 24 218,946.00 91,315.00 25 26 27 28 29 30 31 32 12,150.00 3,220.00 4,960.50 5,940.13 36,300.00 1,240.00 34,319.15 2,750.00 2,946.00 26,334.19 11,350 94,319 1,907,916.33 33 34 35 36 37 38 1,907,916.33 39 an 7:50 Drive 5 & bee D Tove Journal Worksheet For Year Ended December 31, 2020 Adjustments DR CH Income Statement 4 5 6 7 A 10 11 12 3 13 14 > 15 16 3 2 17 18 2. 19 20 3 2 22 1 3 25 3 20 27 29 30 31 ANNARS 3 BR 8899995 2 30 34 35 35 27 3 40 41 12 43 44 45 46 47 IUL Worksheet Adjusting Entrie + 3 4 Income Statement Balance Sheet CR 5 DR 6 7 8 9 10 14 17 18 22 24 27 EEEEEEEENNEXES &$ $$$ 44 Worksheet Adjusting Entrie + 3 General Journal Particulars Date P.R Debit Page Credit 5 Adjusting Entries 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 38 39 40 41 42 43 44 45 46 47 48 49 50 1 2 N 3 4 REVENUE 5 6 7 8 9 OPERATING EXPENSES 10 11 12 13 14 15 16 17 18 O o 19 20 21 22 23 24 25 26 27 28 29 20 Balance Sheet ASSETS Current Assets 7 8 10 11 50.00 Total Current sets Property. Plant & Equipment for fixed assets) 12 13 14 15 16 17 12 10 21 22 S000 23 22 Total Assets 25 28 LIABILITIES AND OWNER'S EQUITY 27 Current Liabilities 2 $0.00 30 33 22 Total Current brities 99 34 Long-Term Liabilities 35 $0.00 37 38 Total Liabilities 29 40 Shareholder's Equity 41 45 44 Total Liabilities & Owner's Equity $0.00 $$$$ 49 50 5+ 55 fied Balance Sheet C + 0 D E F B Closing Entries Page Date General Journal Particulars PR Debit Credit Adjusting Entries 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 41 42 43 44 45 46 47 48 49 50 51 52 2 55 2 3 For Year 4 5 DR 5 7 8 9 Trial Balance CR 2,000.00 15.317.20 23,795.16 4,200.00 775,000.00 630,000.00 10 11 12 45,000.00 13 95.700.00 22.710.00 14 15 16 75,325.00 17 30,000.00 921642 1.280.00 11 750.00 20 21 22 23 24 Rank Accounts Receivable Supplies and Materials Prepaid Insurance Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Automotive Equipment Accumulated Depreciation Automotive Equip Accounts Payable HST Payable HST Recoverable Bank Loan Mortgage Payable R. Lucht, Capital R. Lucht, Drawings Revenue - Advertising Revenue - Circulation Bank Interest and Charges Expense Building Matintenance Expense Car Expense Miscellaneous Expense Mortgage Interest Expense Office Expense Office Salaries Expende Sales Promotion Expense Telephone Expense Truck Expense Utilities Expense Wages Expense 100,000.00 660,000.00 729,448.91 50,000.00 218,946.00 91.315.00 25 26 27 28 20 30 31 32 33 34 25 36 3 12.150.00 3,220.00 4,960.50 5.94013 36,300.00 1.240,00 34,319.15 2.750.00 2.9.46.00 26,334.19 11.350 9319 1,907,916.33 1,907,916.30 42 $$$$$$$$ 45 47 49 Worksheet Adjusting Entric + + > 4 Tove Journal Works Ended December 31, 2010 Adjustments DR CH Balance Sheet OR 2 5 . 7 5 0 11 13 14 15 12 18 21 24 25 25 27 20 20 30 31 2 35 41 383663883 47 51 2 93 54 Worksheet Adjusting Entri + Adjusting Entries Date General Journal Particular PR Debat Croat Adung Enes 7 10 11 12 14 15 10 11 18 19 70 21 22 25 20 27 20 29 50 39 33 w ST 3 10 10 41 42 14 15 us 41 15 50 $1 52 50 4 Vorksheet Adjusting Entries + REVENUE 5 6 7 8 9 10 OPERATING EXPENSES 11 12 13 14 15 18 17 0 0 18 19 20 20 22 23 24 24 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 42 44 25 Income Statement Clas + Balance Sheet ASSETS Current Assets 5 6 7 8 10 11 50.00 12 Total Current Assets Property, Plant & Equipment for fixed assets) 13 14 10 16 IT 18 19 20 21 $0.00 23 24 Total Assets 25 2 LIABILITIES AND OWNER'S EQUITY 27 Current Liabilities 28 20 2 Total Current whites $0.00 3 Long Term Liabilities > 37 Total Liabilities $0.00 3 Shareholder's Equity 41 43 40 47 Total Liabilities & Owner's Equity $0.00 198SOO 51 MIII Classified Balance Sheet + Closing Entries General Journal Partia 4 Date PR COR Ang En T 11 1 14 20 21 22 23 24 27 28 30 31 11 4 30 13 3 30 45 41 42 40 4 45 1 & 06 51 55 Se 56 ST se 45 66 67 ssified Bala Closing Entries + page 1
page 1 continue
page 2
page 3
page 4
page 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started