Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem P4.31APGA
Preparing a worksheet, financial statements, and closing entries
Learning Objectives 1, 2, 3
2. Total Assets $106,500
The unadjusted
Adjusted Data at December 31, 2018
- Unearned Revenue earned during the year, $800.
- Office Supplies on hand, 54,500.
- Depreciation for the year, S4, 500.
- Accrued Salaries Expense, $5,000.
- Accrued Service Revenue, $6,500.
Requirements
- Prepare a worksheet for Farish Investment Advisers at December 31, 2018.
- Prepare the income statement, the statement of owner's equity, and the classified
balance sheet in account format. Assume there were no contributions made by the owner during the year. - Prepare closing entries.
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Chapter 4 Solutions
Horngren's Accounting (12th Edition)
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