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ACC 290 Week 4 WileyPLUS Assignment Week Four
In this file ACC 290 Week 4 WileyPLUS Assignment Week Four you can find right answers on the following task:
Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.). Journalize the following adjustments.
1.Services provided but unbilled and uncollected at July 31 were $1,700.
2.Depreciation on equipment for the month was $250.
3.One-twelfth of the insurance expired.
4.An inventory count shows $360 of cleaning supplies on hand at July 31.
5.Accrued but unpaid employee salaries were $400.
2) Post the July transactions to the ledger accounts. (Use T accounts.) Post adjusting entries to the T accounts. Post closing entries and complete the closing process.
Complete the Trial Balance and Adjusted Trial Balance at July 31. Complete the income statement and a retained earnings statement for July and a classified balance sheet at July 31. Journalize the post closing entries. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.). Complete the post closing Trial Balance below.