A02E_PD_Assignment4 - Part A (40 points) Use the following...

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Part A (40 points)Use the following information to complete the partial worksheet for Bill's Company. Record theappropriate adjusting entries using the data below and extend the balances over to the adjusted trialbalance columns.Merchandise inventory—ending$10Store supplies on hand3Depreciation on store equipment2Accrued salaries1Bill’s CompanyPartial WorksheetFor the Year Ended December 31st, 2012
Part B (15 points each for a possible total of 60 points)The Bixby Co. had the following transactions involving the purchase of merchandise. Prepare thenecessary general journal entries. Any applicable freight costs are prepaid by the seller. The perpetualinventory method is in use.

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Term
Fall
Professor
N/A
Tags
Double entry bookkeeping system, general journal entry, necessary general journal, Shelby Manufacturing Co

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