Acconting. Long.

Anonymous
timer Asked: Oct 19th, 2018
account_balance_wallet $9.99

Question Description

Please look to the attachment. you have to record every things.

7 pages in total.

I can send you an examble if you need it.

YOU MUST WRITE THE ANSWER ON THE SAME PAGES I ATTACHED.
There are 5 pages the other two are BALANCE and INCOME sheets.

YOU MUST WRITE THE ANSWER ON THE SAME PAGES I ATTACHED.

YOU MUST WRITE THE ANSWER ON THE SAME PAGES I ATTACHED.

YOU MUST WRITE THE ANSWER ON THE SAME PAGES I ATTACHED.

Acconting. Long.
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Acconting. Long.
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Acconting. Long.
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Acconting. Long.
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Acconting. Long.
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Unformatted Attachment Preview

Name:_________________ BUS ADM 201 Introduction to Financial Accounting TA:___________________ Fall 2018 Disc #:_________________ EXTRA CREDIT I Due at 11:59 on Saturday, October 20th GRADING: Worth up to 15 points. Carefully READ the requirements on page 2 first. Partially completed problems will earn no credit—that means all requirements must be FULLY completed. All work must be completed by hand. If you complete all items as requested, you will earn at least 7.5 points. The remaining points are dependent upon the accuracy of your answers. Round amounts to the nearest dollar, if applicable. Jamukha Company’s post-closing trial balance for October 31, 2017 showed the following account balances: Debits Credits Cash 29,450 Accumulated depreciation 7,000 Accounts receivable 20,000 Accounts payable 11,150 Supplies 550 Unearned service revenue 3,500 Equipment 63,000 Salaries payable 2,000 Common stock 40,000 Retained earnings 49,350 113,000 113,000 During November the following transactions were completed. A perpetual inventory system is used. Nov. 8 Paid $2,600 for salaries due to employees, of which $2,000 is for October salaries payable and $600 is for November. 10 Received $14,100 cash from customers in payment of account. 11 Purchased merchandise on account from Charlie Wholesale Supply for $9,250, terms 2/10, n/30. 12 Sold merchandise on account for $8,100, terms 2/10, n/30. The cost of the merchandise sold was $6,750. 15 Received credit from Charlie Wholesale Supply for merchandise returned $2,000. 19 Received collections in full, less discounts, from customers billed on sales of $8,100 on Nov. 12. 20 Paid Charlie Wholesale Supply in full, less discount. (Don’t forget the return on Nov. 15.) 22 Received $11,600 cash for services performed in November. 25 Purchased equipment on account $13,000. 27 Purchased supplies on account $1,150. 28 29 29 29 29 Paid creditors $6,500 of accounts payable due. Paid November rent $3,750. Paid salaries $2,600. Performed services on account and billed customers for services provided $1,800. Received $800 from customers for services to be provided in the future. 1 Adjustment data: 1. 2. 3. 4. Supplies on hand are valued at $1,122. Accrued salaries payable as of 11/30 are $900. Depreciation for the month is $4,800. $660 of the unearned service revenue has not been earned by month end. Instructions Print out the attached templates for the general ledger, journal, and worksheet and complete the following requirements. You must complete all requirements (a) through (h) to receive any credit. Turn in your completed packet of work to your TA in discussion, or in their mailbox by midnight on Saturday October 20th. a. Enter the November 1 balances in ledger accounts. Use the T-accounts provided on the next page. b. Enter the November transactions in the general journal provided on page 4. Do not prepare adjusting entries until part (e). c. Post to the ledger accounts. You will need to add some accounts. d. Using the worksheet on page 7, prepare an unadjusted trial balance at November 30 and enter on the worksheet on page 7. Then complete the other worksheet columns. (See below.) e. Using your unadjusted trial balance from (d) and the data for adjusting entries, prepare a 12 column worksheet similar to the Sierra Corporation Worksheet in the Chapter 4 of your accounting text book on page 183. The worksheet will include columns for account names, a trial balance, adjustments, and adjusted trial balance, an income statement, a statement of retained earnings, and a balance sheet. f. Journalize and post adjusting entries. g. Prepare a complete and properly-formatted multiple-step income statement and a retained earnings statement for November and a classified balance sheet at November 30. Use your own paper for these statements. (No templates are provided.) h. Journalize and post closing entries. 2 EXTRA CREDIT ONE SOLUTION – Name ________________________ (a), (c), (f), (h) General Ledger Cash Accounts Payable Accounts Receivable Unearned Service Revenue Salaries Payable Supplies Common Stock Equipment Retained Earnings Accumulated Depreciation— Equipment 3 General Ledger (Continued) Income Summary 4 (b), (f), (h) Date General Journal Account Titles Debit Credit 5 Date Account Titles Debit Credit 6 (d), (e) Worksheet 7 ...
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DrKathey
School: Duke University

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Anonymous
Good stuff. Would use again.

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