5-FoodLion_XLS_Hints (Unadjusted Trial Balance)

5-FoodLion_XLS_Hints (Unadjusted Trial Balance) - Food Lion...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Food Lion, Inc.  Receivables Invent Asset accounts  Cash Equivalents (in $000’s) Debit (+) Credit (-) Debit (+) Credit (-) Debit (+) Balance Dec. 30, 1995 1. Purchase inventories 2. Cash sales 3. Credit sales 4. Pay accounts payable 5. Pay wages 6. Issue short-term note 7.  no entry 8. Collect receivables 9. Acquire property 10.  Pay long-term debt 11. Kash ‘n Karry 12. Dispose of property 13. Pay interest 14. no entry 15. Pay liabilities 16. Issue stock 18.  Pay dividends 19. Income tax expense 20. Prepay insurance Unadjusted trial balance 102,371 151,163 1,080,995 Adjustments: 21. Inventory count 22. Accrue wages 23. Amortize prepaids Transactions :
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
24. Depreciate property 25. Reclassify debt 26. Accrue interest 27 Property impairment Pre-closing balances i) Closing entry Post-closing balances 28-Dec-96 Actual Balance Sheet
Background image of page 2
tories Credit (-) Debit (+)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 12

5-FoodLion_XLS_Hints (Unadjusted Trial Balance) - Food Lion...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online