Accounting 10 questions

1) Prepare the​ company's trial balance at April​ 30,

2016, listing accounts in proper sequence. For​ example, Accounts Receivable comes before Equipment. List the expense with the largest balance​ first, the expense with the next largest balance​ second, and so on.

2) Prepare the financial statement for the month ended April​ 30,

2016, that will tell the company the results of operations for the month.

Requirement 1. Prepare the​ company's trial balance at April​ 30,

2016, listing accounts in proper sequence. For​ example, Accounts Receivable comes before Equipment. List the expense with the largest balance​ first, the expense with the next largest balance​ second, and so on.

Select the accounts that will be listed on the trial​ balance; enter the account balances and finally total the debits and

​credits. Remember to list the accounts in the proper sequence​;​ assets first, then liabilities followed by ​stockholders'

equity​ (including revenue and expense​ accounts). List the expenses last with the​ largest balance first, the expense with the next largest balance​ second, and so on.

The trial balance of Harper, ​Inc., at September​ 30, 2016 does not​ balance:

The accounting records hold the following​ errors:

A. Recorded a $ 500 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct.

B. Posted a $ 3,000 credit to Accounts Payable as $ 300

C. Did not record utilities expense or the related account payable in the amount of $ 240.

D. Understated Common Stock by $100.

E. Omitted Insurance Expense of $ 3,700 from the trial balance.

Requirement

1. Prepare the correct trial balance at September​ 30,

2016, complete with a heading. Journal entries are not required.

A correct trial balance will start with the appropriate header. Then enter the correct account balances after you adjust for the errors found in the investigation. Total the debits and credits.

Review the following transactions.

A. Leigh Hampton opened a law firm by investing $ 22,500 cash and office furniture wiith a fair value of $ 9,000. Organized as a professional​ corporation, the business issued common stock to

Hampton.

B. Paid monthly rent of $ 1,600.

C. Purchased office supplies on​ account, $ 1,400.

D. Paid​ employees' salaries of $ 3,300.

E. Paid $ 850 of the accounts payable created in transaction c.

F. Performed legal service on​ account, $ 10,100.

G. Declared and paid dividends of $ 2,300.

Requirement

1. Record the transactions directly in the​ T-accounts without using a journal. Use the letters to identify the transactions. (Select the​ "Bal" label on the normal balance side of the account and enter the ending​ balances.)