Exercise 4-7 Kay Magill Company had the following adjusted trial balance. KAY MAGILL COMPANYAdjusted Trial BalanceFor the Month Ended June 30, 2015Adjusted Trial BalanceAccount TitlesDebitCreditCash$3,712Accounts Receivable3,904Supplies480Accounts Payable$1,556Unearned Service Revenue160Common Stock4,000Retained Earnings1,760Dividends628Service Revenue4,300Salaries and Wages Expense1,344Miscellaneous Expense256Supplies Expense1,900Salaries and Wages Payable 448 Total$12,224$12,224WarningDon't show me this message again for the assignmentOk Cancel Prepare closing entries at June 30, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No.Account Titles and ExplanationDebitCredit1. (To close revenue account.)2. (To close expense accounts)3. (To close net income / (loss).)4. (To close dividends)WarningDon't show me this message again for the assignmentOk Cancel Show List of Accounts Prepare a post-closing trial balance. KAY MAGILL COMPANYPost-Closing Trial BalanceFor the Month Ended June 30, 2015DebitCredit $$ Total$$WarningDon't show me this message again for the assignmentOk Cancel Exercise 4-17 These financial statement items are for Norsted Company at year-end, July 31, 2015. Salaries and wages payablenbsp;2,080Notes payable (long-term)nbsp;1,800Salaries and wages expense51,700Cash14,200Utilities expense22,600Accounts receivable9,780Equipment30,400Accumulated depreciation-equipment6,000Accounts payable4,100Dividends3,000Service revenue62,000Depreciation expense4,000Rent revenue8,500Retained Earnings (beginning of the year)21,200Common Stock30,000WarningDon't show me this message again for the assignmentOk Cancel Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) NORSTED COMPANYIncome StatementFor the Year Ended July 31, 2015 DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues $ Dividends Expenses Net Income / (Loss) Retained Earnings, August 1, 2014 Retained Earnings, July 31, 2015 Revenues Total Expenses Total Revenues $ DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues $ Dividends Expenses Net Income / (Loss) Retained Earnings, August 1, 2014 Retained Earnings, July 31, 2015 Revenues Total Expenses Total Revenues DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues$WarningDon't show me this message again for the assignmentOk Cancel Show List of Accounts Prepare a retained earnings statement for the year. (List items that increase retained earnings first.) NORSTED COMPANYRetained Earnings StatementFor the Year Ended July 31, 2015 DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues$ AddLess: DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues$ DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues DividendsExpensesNet Income / (Loss)Retained Earnings, August 1, 2014Retained Earnings, July 31, 2015RevenuesTotal ExpensesTotal Revenues$WarningDon't show me this message again for the assignmentOk Cancel Show List of Accounts Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.) NORSTED COMPANYBalance SheetJuly 31, 2015Assets Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity Add Less : Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $Liabilities and Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity $List Of Accounts CloseExercise 4-7Accounts PayableAccounts ReceivableAccumulated Depreciation-BuildingsAccumulated Depreciation-Delivery TrucksAccumulated Depreciation-EquipmentAdvertising ExpenseBuildingsCashCommon StockDelivery TrucksDepreciation ExpenseDividendsEquipmentGasoline ExpenseGoodwillIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableInventoryInvestmentsInvestment in StockLandLong-Term DebtMaintenance and Repairs ExpenseMiscellaneous ExpenseMortgage PayableNotes PayablePrepaid InsurancePrepaid RentProperty Tax ExpenseProperty Taxes PayableRent ExpenseRent RevenueRetained EarningsSalaries and Wages ExpenseSalaries and Wages PayableService RevenueShort-Term InvestmentSuppliesSupplies ExpenseTicket RevenueTravel ExpenseUnearned Rent RevenueUnearned Service RevenueUnearned Ticket RevenueUtilities Expense

Module 4 - SLPBudgeting, Variance Analysis, and Performance EvaluationsFourth and final part of the presentation. See background information for the module one SLP.Required:Make comments and suggestions on the following topics in your presentation.Enterprise and corporate performance management.Behavioral change management.The balanced score card.How to foster goal congruence for the organization and employees.SLP Assignment ExpectationsSubmit a PowerPoint presentation or a Word Document. A PowerPoint presentation should have no more than six slides and a Word document cannot exceed two pages. Use words, tables, and graphs to make a succinct presentation. Document all sources and provide links at the end. It is acceptable to add another slide or page to list the sources.Combine the submissions from prior module(s) into one file before uploading to the dropbox.