Accounting homework in wiley plus chapter 4,........was already due this is marked late work better something than nothing time!!
nydvdilemka
accounting_wiley_plus_chapter_4.docx
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Brief Exercise 4-7
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet Company. Identify the accounts that would be included in a post-closing trial balance.
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Accumulated Depreciation |
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Depreciation Expense |
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Owner’s Capital |
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Owner’s Drawings |
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Service Revenue |
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Supplies |
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Accounts Payable |
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Yes or no questions
Brief Exercise 4-8
The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1–9.
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(a) |
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Prepare a trial balance. |
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Journalize the transactions. |
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(c) |
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Journalize and post closing entries. |
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(d) |
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Prepare financial statements. |
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(e) |
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Journalize and post adjusting entries. |
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(f) |
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Post to ledger accounts. |
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(g) |
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Prepare a post-closing trial balance. |
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(h) |
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Prepare an adjusted trial balance. |
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(i) |
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Analyze business transactions. |
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Write 1-9 numbers
Brief Exercise 4-10
The balance sheet debit column of the worksheet for Hamidi Company includes the following accounts: Accounts Receivable $13,059; Prepaid Insurance $3,847; Cash $4,935; Supplies $4,377, and Debt Investments (short-term) $6,050. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List current assets in order of liquidity.)
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HAMIDI COMPANY Partial Balance Sheet |
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Warning
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Don't show me this message again for the assignment |
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For drop down boxes use list of accounts from this list:
Current Assets Stockholders Equity Total Liabilities and stockholders equit.
Current Liabilities Total Assets Total Long term Investments
Intangible Assets Total Current Assets Total Long term liabilities
Long term Investments Total Current Liabilities Total property, plant, and equipment
Long term Liabilities Total Intangible Assets Total stockgholders equity
Property, plant, and equipment Total Liabilities
Exercise 4-1
The trial balance columns of the worksheet for Nanduri Company at June 30, 2014, are as follows.
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NANDURI COMPANY Worksheet For the Month Ended June 30, 2014 |
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Trial Balance |
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Account Titles |
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Cr. |
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Cash |
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2,324 |
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Accounts Receivable |
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2,317 |
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Supplies |
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1,829 |
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Accounts Payable |
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1,081 |
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Unearned Service Revenue |
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341 |
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Owner’s Capital |
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2,492 |
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Service Revenue |
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3,297 |
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Salaries and Wages Expense |
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606 |
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Miscellaneous Expense |
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135 |
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Total |
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7,211 |
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7,211 |
Other data:
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A physical count reveals $380 of supplies on hand. |
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$140 of the unearned revenue is still unearned at month-end. |
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Accrued salaries are $239. |
Complete the worksheet.
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NANDURI COMPANY Worksheet For the Month Ended June 30, 2014 |
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Trial Balance |
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Adjustments |
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Adj. Trial Balance |
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Income Statement |
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Balance Sheet |
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Account Titles |
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Cr. |
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Cr. |
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Cr. |
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Cr. |
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Cr. |
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Cash |
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2,324 |
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Accounts Receivable |
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2,317 |
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Supplies |
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1,829 |
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Accounts Payable |
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1,081 |
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Unearned Service Revenue |
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341 |
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Owner's Capital |
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2,492 |
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Service Revenue |
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3,297 |
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Salaries and Wages Expense |
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606 |
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Miscellaneous Expense |
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135 |
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Totals |
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7,211 |
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7,211 |
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Supplies Expense |
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Salaries and Wages Payable |
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Totals |
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Net Income |
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Totals |
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Warning
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Don't show me this message again for the assignment |
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List Of Accounts
Exercise 4-1
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Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Buildings Cash Depreciation Expense Equipment Gasoline Expense Goodwill Income Summary Insurance Expense Interest Expense Interest Payable Inventory Investments Land Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable Notes Payable Owner's Capital Owner's Drawings Prepaid Insurance Prepaid Rent Property Tax Expense Property Taxes Payable Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Ticket Revenue Travel Expense Unearned Rent Revenue Unearned Service Revenue Unearned Ticket Revenue Utilities Expense |
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