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

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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.
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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
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Total property, plant, and equipment Total assets Total liabilities and owner's equity
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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 November 30, 2008 Cash Accounts Receivable Prepaid Insurance
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