MATH
Accounting Cycle Problem

# Placed an order for an i pad it will be paid for upon

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Placed an order for an I-pad. It will be paid for upon delivery. Purchased one year ofinsurance on Oct 1. d. e. 2t. ,/\ (ls.) V h. Account Titles

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Accrued income taxes of \$2. Required: 1. 2 Prepare ledger accounts with existing balances. Use the ledger sheet attached. Prepare joumal entries and adjusting joumal entries for transactions a - h. Post to the ledgers. You will need to add extra accounts. If no entry is needed, you must state so. Label your journal entries as a, b, etc. and put them in the order given. Prepare, in proper fonn with proper dating, an Income Statement for the period. Prepare the Statement of Retained Earnings in proper form and with proper dating. Prepare a CLASSIFIED Balance Sheet in proper form and with proper dating. 3. 4. 5 \-y
T Accounts in alphabetical order. You will need to add more accounts. / Equipment /+- -T;l- .--_-- 70 1 -/ rDividends + --T_- LI *- l-- I 7t el r, y' tnt{€\${ Pcrl. )Gervice Revenue \<-, r ctc? vY ? + --eT- I -f sl 2l 6 lnsur-ance ex? + ___:_ X lni. Exp _-f_=- rl *P-f* J, I ad- J x lncsrrE*nF e{Y , Prepaid XI.rr**"" ,XUnearned Revenue {R"t in*d Earnings + )<Wages Expense X \$u'pptrzl exe, t tpl I --""--f- vl /- y-wo\$s Pumhe -+ vv r6 L. lo l'L ly \-

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--\'ou, vrot\ BrYtri e I d-r , Supplie,r Fxg. cY : €ulpties dur, *ct+ W. Cr: Serzvic< lkV d,r, Dep. Ex p cY , Accum. Dep.
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