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Management Tools Application - Unit 3 Assignment...




Management Tools Application - Unit 3 Assignment Continue with the Assignment from Unit 2, using the same Excel Template complete the following steps: 1. Prepare the Adjusting entries A-F. a. Insurance expired during June is $150. b. Supplies on hand on June 30 are $1,020. c. Depreciation of office equipment for June is $500. d. Accrued receptionist salary on June 30 is $120. e. Rent expired during June is $1,500. f. Unearned fees on June 30 are $2,000. 2. Prepare an income statement, a statement of owner's equity, and a balance sheet. 3. Journalize and Post the adjusting entries. 4. Journalize and post the closing entries. (Income Summary is account #33 in the chart of accounts.) 5. Prepare a post-closing trial balance.


Paper#6564 | Written in 18-Jul-2015

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