Prepare financial statements Income Statem 1500000 9 Jounalize closing entries

Prepare financial statements income statem 1500000 9

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8. Prepare financial statements: Income Statem $ 15,000.00 9. Jounalize closing entries $ 5,440.00 10. Post closing entries to the general ledger $ 2,750.00 11. Prepare a post-closing trial balance $ 275,000.00 $ 20,000.00 $ 2,000.00
$ 206,500.00 $ 12,500.00 $ 86,250.00 $ 24,300.00 $ 2,000.00 $ 1,050.00 $ 2,550.00 $ 2,750.00 $ 2,400.00 $ 540,940.00 $ 540,940.00 Total Liabilities + Stockholders' Equity Income Statement: W For the three m Reveues: Rent Revenue Expenses Maintenance Expenses Salaries Expenses Utilities Expenses Depreciation Expense - Cabins Depreciation Expense - Equipment Supplies Expense Interest Expense Insurance Expense Total Expenses Net Income Retained Earnings Statement
W Retai For the three m Retained Earnings July 1, 2014 Add: Net Income Less: Dividends Retained Earnings, Sept 30 Balance Sheet: W For the three mon Cash Accounts Receivable Supplies Prepaid Insurance Land Cabins Less: Acc Depreciation - Cabins Equipment Less: Acc Depreciation - Equipment Total Assets Liabilities: Accounts Payable Salaries Payable Unearned Rent Interest Payable Mortgage Payable Total Liabilities Stockholder' Equity Common Stock
Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity
nts ments and accruals) ledger ment, Retained Earnings Statement and Balance Sheet
nts ments and accruals) ledger ment, Retained Earnings Statement and Balance Sheet
nts ments and accruals) ledger ment, Retained Earnings Statement and Balance Sheet
y" will go in the Explanation column The Accounting Cycle 1. Analyze business transactions 2. Journalize the transactions 3. Post journal entries to general ledger accounts 4. Prepare a trial balance 5. Journalize adjusting journal entries (prepayments and accruals) 6. (enter trial balance amounts) and Post adjusting journal entries to the general ledger 7. Prepare an adjusted trial balance 8. Prepare financial statements: Income Statement, Retained Earnings Statement and Balance Sheet 9. Jounalize closing entries 10. Post closing entries to the general ledger 11. Prepare a post-closing trial balance
nts ments and accruals) ledger ment, Retained Earnings Statement and Balance Sheet
The Accounting Cycle 1. Analyze business transactions Whitewater Resort Inc 2. Journalize the transactions Income Statement 3. Post journal entries to general ledger accounts months ending September 30, 2014 4. Prepare a trial balance 5. Journalize adjusting journal entries (prepayments an 6. Post adjusting journal entries to the general ledger 206,500.00 7. Prepare an adjusted trial balance part d 8. Prepare financial statements: Income Statement, Re 12,500.00 9. Jounalize closing entries 86,250.00 10. Post closing entries to the general ledger 24,300.00 11. Prepare a post-closing trial balance 2,000.00 1,050.00 2,550.00 2,750.00 2,400.00 133,800.00 72,700.00
Whitewater Resort Inc ined Earnings Statement months ended September 30, 2014 72,700.00 2,000.00 70,700.00 Whitewater Resort Inc. Balance Sheet nths ended with September 30, 2014 Assets $ 20,240.00 $ 30,000.00 $ 2,450.00 $ 7,100.00 $ 75,000.00 $ 205,350.00 2,000.00 203,350.00 $ 65,000.00 1,050.00 63,950.00 402,090.00 Liabilities and Stockholders' Equity 13,200.00 15,000.00 5,440.00 2,750.00 275,000.00 311,390.00 20,000.00
70,700.00 90,700.00 402,090.00

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