Financial Accounting I Comprehensive Problem
After your last final this quarter you meet a student with whom you graduated high school.
You get to talking and find she is graduating this quarter in digital design. When she finds
out you have just f
The General Journal,
Ledger, and Trial
Module 3 A140
Few comments on week one work
Review Debit and Credit Rules from week one- Then transition from trial balance to the Financial
Comprehensive problem review
This weeks quiz
Module 1 Assignment:
Bill Smith opened Smith Construction on April 1, 2010. The following amounts summarize the transactions and financial position of Smith construction as of May 31.
During May the following transactions occurred:
1-May Smith received $1
Module 2 Assignment:
The following are the transactions for Smith Construction for the month of June. The balances from May have been inserted in the T accounts.
During June the following transactions occurred:
1-Jun Smith sold $5000 of common stock to hi
Use this worksheet as REFERENCE ONLY. There is nothing to complete or change, but you will need to know what accounts are used in Jessi's Creative Design business. No new accounts will need
to be added, and by the end of Part 3 of the problem, all account
Module 4 Assignment:
The unadjusted trial balance for Smith Constructions and the information needed for the month-end adjustments follows.
Insurance coverage remaining at May 31 $1,000
Supplies used during the month $800
Depreciation on the equipment was
Module 5 Assignment:
The adjusted trial balance for Smith construction for the period ending May 31 2010 is as follows:
Adjusted Trial Balance
12. Accounts Receivable
13. Prepaid Insurance