A02E ASSIGNMENT 04 Principles of Accounting I | Documents and Forms | Research Papers

A02E ASSIGNMENT 04 Principles of Accounting I

A02E ASSIGNMENT 04 Principles of Accounting I PLDZ-3620 Instant Download Price
In Stock
$ 11.00 USD
Bright Solutions
Buy and Download Description

Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format" page located on the C Part A (40 points)

Use the following information to complete the partial worksheet for Bill's Company. Record the appropriate adjusting entries using the data below and extend the balances over to the adjusted trial balance columns.

Merchandise inventory—ending $10

Store supplies on hand                     3

Depreciation on store equipment     2

Accrued salaries                                1ourse Home page for specific format requirements.

Bill’s Company

Partial Worksheet

For the Year Ended December 31st, 2012

Account Titles

Trial Balance

Adjustments

Adjusted Trial Balance

 

Debit

Credit

Debit

Credit

Debit

Credit

Merchandise Inv.

16

 

 

 

 

 

Store Supplies

10

 

 

 

 

 

Store Equipment

20

 

 

 

 

 

 

 

6

 

 

 

 

Salaries Payable

 

 

 

 

 

 

Income Summary

 

 

 

 

 

 

Salary Expense

10

 

 

 

 

 

Depreciation Expense

 

 

 

 

 

 

Store Supplies Exp.

 

 

 

 

 

 

(1)    Prepare the necessary general journal entry for June 16, Purchased merchandise having a price of $6,000 from the Shelby Manufacturing Co. on account with credit terms 2/10, n/30. Transportation terms F.O.B destination.

 

__________________________________________           __________        __________

__________________________________________           __________        __________

__________________________________________           __________        __________

(2)    Prepare the necessary general journal entry for June 17, Received the goods from Shelby.

_________________________________________           __________        __________

__________________________________________           __________        __________

_________________________________________           __________        __________

(3)    Prepare the necessary general journal entry for June 25.

__________________________________________           __________        __________

__________________________________________           __________        __________

__________________________________________           __________        __________

(4)    Prepare the necessary general journal entry for June 28.

__________________________________________           __________        __________

__________________________________________           __________        __________

_________________________________________           __________        ____

Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited
Recent Reviews Be the first to Review this product!
0 0 0 0 reviews