ACCOUNTING ASSIGNMENT – NEED 90%

The case study is the homework. Refer to attachment. Due on Wednesday, Absolute Latest

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3/1/2013
72000

3/1/2013
72000

3/1/2013
4500

3/1/2013
3300

3/1/2013
7800

3/7/2013
900

3/7/2013
900

3/10/2013
2200

3/10/2013
2200

3/14/2013
1500

3/14/2013
1500

3/15/2013
4896

3/15/2013
4896

3/19/2013
450

3/19/2013
450

3/31/2013
5304

3/31/2013
5304

3/31/2013
1000

3/31/2013
1000

4/1/2013
375

4/1/2013
375

4/1/2013
7125

4/1/2013
7125

103550

103550

72000
6100

2200
5304

6100

5304

4500

1500

1000

4500

900
2200

1500

7125
900

900
5304

5304

72000

1000

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General Journal
Date
Debit
Credit
Cash (111)
Prepaid Insurance (117)
Accounts Payable (212)
Common Stock (311)
Retained Earnings (312)
Dividends (313)
Insurance Expense (513)
Trial Balance
a) One month’s insurance has expired.
Description(Account Name)
Requirement #4:
Prepare adjusting entries using the following information in the General Journal
Requirement #5:
Requirement #6:
Adjusted Trial Balance
Requirement #7:
Income Statement
Statement of Retained Earnings
Balance Sheet
Requirement #8:
Trial Balance for your closing entries.
Description (Account Name)
Requirement #9:
Requirement #10:
Post-Closing Trial Balance
Posting is done poorly or not at all, leading to inaccurate or no trial balance.
Posting has several errors leading to a trial balance with several errors.
Posting is mostly correct leading to a mostly correct trial balance.
Posting is correct leading to an accurate trial balance.
One or fewer of four Financial Statements are prepared accurately and mostly in an appropriate format, three or all statements have some errors.
Very Poor
Poor
Good
Criteria
Post the closing entries to the General Ledger T-accounts and compute ending balances.
Just add to the balances that are already listed.
Just add to the adjusted balances already listed.
Post the adjusting entries to the General Ledger T-accounts and compute adjusted balances.
Requirements
Sheet in Workbook
General Ledger
Adjusting Entries
Financial Statements
Closing…

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