04-1B_22e - Problem 4-1B Name: Section: Enter the...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 4-1B Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect entry in the outlined cells. Use the pull-down list to select the appropriate account in the journal.
Background image of page 1

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

View Full DocumentRight Arrow Icon
1. LAST-CHANCE COMPANY Income Statement For the Year Ended November 30, 2008 Revenues: Expenses: Total expenses Net Loss 2. LAST-CHANCE COMPANY Statement of Owner's Equity For the Year Ended November 30, 2008 Corey Evans, capital, December 1, 2007 Corey Evans, capital, November 30, 2008 3. LAST-CHANCE COMPANY Balance Sheet November 30, 2008 Assets Liabilities Current assets: Current liabilities Total liabilities Total current assets Property, plant, and equipment: Owner's Equity Corey Evans, Capital
Background image of page 2
Total property, plant, and equipment Total assets Total liabilities and owner's equity
Background image of page 3

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

View Full DocumentRight Arrow Icon
4. JOURNAL Date Debit Credit 2008 Closing Entries Nov. 30 30 Depr. Exp. - Building Depr. Exp. - Equipment 30 Corey Evans, Capital 30 5. LAST-CHANCE COMPANY Post-Closing Trial Balance
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/12/2011 for the course ACCT 2011 taught by Professor Field during the Fall '09 term at University of Minnesota Morris.

Page1 / 8

04-1B_22e - Problem 4-1B Name: Section: Enter the...

This preview shows document pages 1 - 5. Sign up to view the full document.

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