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complete P3-43 which is this problem continues the Haupt Consulting situation from 2-64 of Chapter 2




Question;complete P3-43 which is this problem continues the Haupt Consulting situation from 2-64 of Chapter 2. Starts from the trial balance and the posted T - accounts that Haupt Consulting prepared at December 18, as follows: Account Tide cash $8,100 debit Accounts receivable $1,700 Debit Supplies $300 Equipment $2,000 Accumulated depreciation - equipment (blank space)Furniture $3,600, Accumulated depreciation- furniture (Blank space), Account payable$3,900 Credit Salary payable (Blank space), unearned service revenue (Blank Space), unearned service revenue(blank Space), Carl Haupt, Capital $10,000, Carl Haupt, withdrawals (blank Space), Service revenue $2,500 Credit, Rent expense $500 Debit, Utilities expense $200 Debit, Depreciation expense -Equipment (space blank), Depreciation expense- furniture(space blank), Supplies expense9blank space), Total $16,400 Debit, $16,400 Credit. later in December, the business completed these transactions, as follows: Dec. 21 Received $900in advance for client service to be performed evenly over the next 30 days. Dec. 21 Hired a secretary to be paid $1,500 on the 20th day of each month. The secretary begins work immediately. Dec. 26 Paid $300 on account. Dec. 28 Collected $600 on account. Dec 30 Owner withdrew $1,600.the second problem is This problem continues the Haupt Consulting situation from (P3-43 the first problem) of chapter 3. Start from the posted T-accounts and the adjusted trial balance that Haupt Consulting prepared for the company at December 31Account Title cash debit $7,700, Account receivable $1,500. Supplies $100. Equipment $2,000. Accumulated depreciation-equipment credit $33. Furniture debit $3,600. Accumulated depreciation- furniture credit $60. Accounts payable $3,600. Salary payable$700. unearned service revenue credit $600. Carl Haupt, Capital $10,000. Carl Haupt, withdrawals debit $1,600. Service revenue credit $3,200. Rent expense Debit $500. Utilities expense debit $200. Salary expense debit $700. Depreciation expense- equipment debit $33. Depreciation expense- furniture $60. Supplies expense $200. total debit $18,193. total credit $18,193. (1) Complete the accounting work sheet at December 31. (2) Journalize and post the closing entries at December 31. Denote each closing amount as col and an account balance as bal. (3) prepare a classified balance sheet at December 31.Assignment 3 grading period P3-43: open addition T accounts, Journalize transactions December 21-30, Post to T- Accounts, prepare trial balance, adjust entries made in adjustments column, Journalize and post adjusting entries and denoted adjusting amounts, prepare income statement and retained earnings.P4-38:Complete accounting worksheet at 12/31, Journalize and post closing entries at 13/31, Prepare classified balance sheet, Accuracy and timeliness. this is the grading criteria. this must be done on Excel.


Paper#39128 | Written in 18-Jul-2015

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