Accounting Cycle Project

Anonymous
timer Asked: Jun 4th, 2018
account_balance_wallet $15

Question description

I have an accounting project.

I have attached the instructions and the excel sheet required.

Thank you.

Date General Journal Description Debit Credit Cash Accounts Payable Account Receivables Wages Payable Supplies Prepaid Insurance Equipment Accumulated Depreciation Payable Common Stock Insurance Expense Retained Earnings Supplies Expense Service Revenue Depreciation Expense Rent Expense Dividends ayable Wages Expense Insurance Expense Supplies Expense Depreciation Expense Dividends Unadjusted Trial Balance Accounts Debit Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Credit Adjusted Trial Balance Debit Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Wages Expense Insurance Expense Supplies Expense Depreciation Expense Totals Credit Income Statement Statement of Stockholders' Equity For the month Ended December 31, 20XX For the month Ended December 31, 20XX nt of Stockholders' Equity h Ended December 31, 20XX Classified Balance Sheet At December 31, 20XX

Tutor Answer

Missfomen
School: Purdue University

Attached.

1
ACCOUNTING CYCLE PROJECT
Requirement #4
Total of the credit Column from the Unadjusted Trial Balance: $17,030
Requirement #7: Account Balances from the Adjusted Trial Balance
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation
Accounts Payable
Wages Payable
Common Stock
Retained Earnings

$4,800
$1,600
$90
$770
$3,600
$60
$130
$540
$7,500
$0

Requirement #8: Amount from the Income Statement
Service Revenue
Depreciation Expense
Wages Expense
Supplies Expense
Rent Expense
Insurance Expense
Net Income

$9,400
$60
$5,580
$210
$650
$70
$2,830

Account balances from the Statement of Stockholder’s Equity
Dividends

$200

Account Balances from the Balance Sheet:
Current Assets
Long Term Assets
Total Liabilities
Total Stockholder’s Equity
Cash

$7,260
$3,540
$670
$10,130
$4,800

2
Requirement #10:
Ending balance of cash: $4,800
Balance of Retained Earnings: $2,630
Yes, the ending balance of the Retained earnings T-account agrees with the balance of Retained
Earnings on the Balance Sheet.


General Journal
Description

Date

Debit

1-Dec Cash
Common Stock

$ 7,500

1-Dec Rent Expense
Cash

$

1...

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