Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wk. 5 - Apply: Exercise A Soved Dorsey Company's partial worksheet for the month ended March 31, 2019, is shown below. Open the owner's capital

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Wk. 5 - Apply: Exercise A Soved Dorsey Company's partial worksheet for the month ended March 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $38,000 shown on the worksheet. INCOME STATEMENT DEBIT CREDIT points BALANCE SHEET DEBIT CREDIT 9,700 13,400 5, 100 36,800 12,400 10,700 38,000 ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable N. Dorsey, Capital N. Dorsey, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income 4,200 27,800 14,600 2,000 1,300 2,600 20,500 7,300 27,800 27,800 68,400 61,100 7,300 68,400 27,800 68,400 Prepare a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance. Complete this question by entering your answers in the tabs below. General Journal General Ledger Trial Balance Prepare a journal entries for the Dorsey Company's on March 31, 2019. View transaction list Journal entry worksheet Wk. 5 - Apply: Exercise (i Saved Prepare a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance. Complete this question by entering your answers in the tabs below. points General Journal General Ledger Trial Balance Prepare a journal entries for the Dorsey Company's on March 31, 2019. View transaction list Journal entry worksheet Record entry to transfer expenses to Income summary. Note: Enter debits before credits. Date General Journal Debit Credit Mar 31, 2019 Record entry Clear entry View general journal Wk. 5 - Apply: Exercise Saved Prepare a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance. Complete this question by entering your answers in the tabs below. 12 points General Journal General Ledger Trial Balance Prepare a journal entries for the Dorsey Company's on March 31, 2019. View transaction list Journal entry worksheet Wk. 5 - Apply: Exercise i Saved Prepare a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance. Complete this question by entering your answers in the tabs below. points General Journal General Ledger Trial Balance Prepare a journal entries for the Dorsey Company's on March 31, 2019. View transaction list Journal entry worksheet Wk. 5 - Apply: Exercise i Saved Dorsey Company's partial worksheet for the month ended March 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $38,000 shown on the worksheet. INCOME STATEMENT DEBIT CREDIT 12 points ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable N. Dorsey, Capital N. Dorsey, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income BALANCE SHEET DEBIT CREDIT 9,700 13,400 5,100 36,000 12,400 10,700 38,000 4,200 27,800 14,600 2,000 1,300 2,600 20,500 7,300 27,800 27,800 68,400 61,100 7,300 27,800 68,490 68,400 Prepare a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance. Complete this question by entering your answers in the tabs below. General Journal General Ledger Trial Balance Post the closing entries to the owner's capital account. General Ledger N. Dorsey, Capital Account No: 301 Date Debit Credit Balance Mar 01, 2019 Mar 31, 2019 Mar 31, 2019 Wk. 5. Apply: Exercise A Saved 27,800 27,800 68,400 68,400 Prepare a journal entries for the Dorsey Company's on March 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance. 12 points Complete this question by entering your answers in the tabs below. General Journal General Ledger Trial Balance Prepare a postclosing trial balance. DORSEY COMPANY Postclosing Trial Balance March 31, 2019 Account Name Debit Credit Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding And Auditing IT Systems Volume 1

Authors: Young-Woon Min

2nd Edition

978-1257124084

More Books

Students also viewed these Accounting questions

Question

What are some unfair labor practices that unions sometimes commit?

Answered: 1 week ago

Question

suppose south carolina textile mills release pollution

Answered: 1 week ago