Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described items
below. Record in the space provided at the bottom of this spreadsheet. After completing journal entries, complete the
There are two problems this week. Click on the tab at the bottom of the spreadsheet to see problem 2.
Compute the ending inventory using the FIFO and the weighted average method below. These are the same transactions used in week 3 homework:
There are two homework problems this week. The first is below and the second one is on the second tab at the
bottom left of the screen
Below you will see an unadjusted trial balance run at year end followed by information needed to make adjustin
There are 3 problems this week. Click on the tabs at the bottom of the spreadsheet to view each problem.
Prepare the journal entries for the eight following transactions. Use dates but descriptions are not required.
On 10/1/15, Equipment
Interest credit on capital balance (5% of capital
Total allocation before remainder divided
Less pre-allocation net income
5% x $150,000; $120,000; $258,000
$47,400 / 3 = $15,800
For each of the bonds listed below, record the three requested journal entries.
Dates and descriptions are not required.
Invested $100,000 in 5-year bonds. The bonds were purchased at par and bear interest at a rate of 8% per annum,
Issued stock to Amanda Smith for cash
Purchased equipment on account
Provided services for cash
e WOMHIMJMWMWIIMMIN facevam'once
MMI,TMIMPNMll Topayyoubacll anaport-cuiarday» "he
'inahriry dafe - of a predetermined rate of interes'l - the 'conintf
me' or the cawon Nfe Say. for lMNMI. you 50.:
ACCOUNTING 1 4
1 A, ._ r _. Chapter
Consolidated Statement of
As of December
Cash generated by operating
Why are these numbers different? I
$4 222 mill