P Pea XRevi XBb C5 XBb Exa XBh Cha Xome/chronos/u-19f83004173f0d834b7abbd296f8794680a04cd4/MyFiles/Downloads/The%20Accounting%20Cycle.pdfRequired:1. Journalize and post the November transactions for Ruiz Consulting.2. Prepare a Trial Balance as of November 30.3. Prepare and post adjusting entries for the month ended November 30.a. Expired insurance, $80b. Supplies on hand at November 30, $900C. Monthly depreciation of computer, $250d. 20% of advance fee from Bryant Brokerage was earned by November 30e. Accrued 3 days wages, $3604. Prepare an Adjusted Trial Balance.5. Prepare the following Financial Statementsa. Income Statement for the month ended November 30.b. Statement of Owner's Equity for the month ended November 30.C. Balance Sheet as of November 30.6. Prepare and post the closing entries.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%25 Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities ces Owner's Equity Total assets Total liabilities and owner's equity acer Σ
us.wvu.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_349525_1&course_id=_172235_1&content_id= 91004 Musketeers worldhiston H Blackboard M WVU Gmail a Discord Complete History... m HBO Max N Netflix A ALEKS- Musketeers Excel Email am and sieges v Question Completion Status: Florist Grump, Inc., had beginning retained earnings of $137,000. During the year, Florist Grump had net income of $63,000 and declared and paid dividends of $18,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet? QUESTION 9 For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $ 7,500 $ 500 Expenses 1,500 Net Income December 31, Year 2 December 31, Year 1 Assets $ 16,500 $ 1,000 500 Liabilities Stock 300 300 Retained Earnings 1.$ 200 Assume Year1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After determining the missing amounts ($ Earnings 1.$ in the above…
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