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 P4.37BPGB
Preparing a worksheet financial statements, and closing entries
Learning Objectives 1, 2, 3
2. Total Assets $92,000
The unadjusted
- Unearned Revenue earned during the year, $700.
- Office Supplies on hand, $3,000.
- Depreciation for the year, $3,000.
- Accrued Salaries Expense, $4,500.
- Accrued Service Revenue, $9,000.
Requirements
- Prepare a worksheet for Fleming Investment Advisers at December 31, 2018.
- Prepare the income statement, the statement of owner's equfy, and the classified
balance sheet in account format. Assume that 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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