Acct 2301 Chap 4 excel

Acct 2301 Chap 4 excel - Given Data Chap 4 KARISE REPAIRS...

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Given Data Chap 4 KARISE REPAIRS Adjusted Trial Balance December 31, 2008 101 Cash $14,000 124 Office supplies 1,300 128 Prepaid insurance 2,050 167 Equipment 50,000 168 Accumulated depreciation-Equipment $5,000 201 Accounts payable 14,000 210 Wages payable 600 301 S.Karise, Capital 33,000 302 S.Karise, Withdrawals 16,000 401 Repair fees earned 90,950 612 Depreciation expense-Equipment 5,000 623 Wages expense 37,500 637 Insurance expense 800 640 Rent expense 10,600 650 Office supplies expense 3,600 690 Utilities expense 2,700 Totals $143,550 $143,550 Check figures: (1) Ending capital balance $47,750 Net Income 30,750 (2) Post-closing trial balance totals 67,350 The adjusted trial balance of Karise Repairs on December 31, 2008 is given 1. Prepare an income statement, a statement of owner’s equity for the year 2008, and a balance sheet See exhibit 2 on page 147 financial statements preparation 2. Enter the adjusted trial balance information above in the worksheet given. This is similar to the worksheet from Chapter 1 but there is not an example in the book for this type o
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This note was uploaded on 06/30/2011 for the course ACCOUNTING 2301 taught by Professor Sarah during the Fall '10 term at HCCS.

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Acct 2301 Chap 4 excel - Given Data Chap 4 KARISE REPAIRS...

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