3-2 Checkpoint Workbook Steps 1-4.xlsx

You are now ready to submit your advertising expense

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YOU ARE NOW READY TO SUBMIT YOUR
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Advertising expense 13-Jul 200 200 Rent expense 7-Jul 1,500 15-Aug 1500 15-Sep 1500 4,500 Bakery Sales July 15000 Aug 20000 Sep 25000 60,000
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alaries and wages payab 120 31-Jul 120 5-Aug 480 15-Aug 20-Aug 480 5-Sep 420 456 15-Sep 20-Sep 456 480 30-Sep 300 depreciation expense acc dep 0 0 Interest expense Interest payable adj adj 0 0 COGS FIFO 15-Sep 48.00 109.60 157.60
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Merch. Inv. FIFO Merch. Inv. LIFO Merch. In 60.00 48.00 15-Sep 122.00 109.60 24-Sep 151.25 175.65 - -
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nv. Avg.
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Peyton Approved Trial Balance 2014 Unadjusted trial balance Account Debit Credit Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Misc. Supplies Accounts Receivable Notes Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense COGS Depreciation Expense Accumulated Depreciation Misc Supplies Expense* Interest Expense* Interest Payable* - -
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- *These accounts will not be utilized before the adjusting process. They should have zero ba
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d Adjusting entries Adjusted trial balance Debit Credit Debit Credit COMPLETION OF STEPS 5 WORKBOOK TO COMPLE 208.33 ### 208.33 208.33 208.33 208.33 208.33 208.33 CONGRATULATIONS
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alance in the unadjusted trial balance.
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5-7 DELIVERABLE: ETE THE 4-3 CHECKPOINT REQUIREMENT S! YOU ARE NOW READY TO SUBMIT YOUR
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Peyton Approved Adjusting Journal Entries 2014 Date Accounts Debit Credit 30-Sep Depreciation Expense 208.33 accumulated depreciation 208.33
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Peyton Approved Income Statement For Qtr. Ending 9/30/2014
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