Answered: Comprehensive Problem 1 Part 2 and Part…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Comprehensive Problem 1
Part 2 and Part 3:

The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing parts 2 and 3.

Part 2: Using the attached spreadsheet, post the journal entries from part 1 to a ledger of four-column accounts.

Part 3: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank.

Kelly Consulting
Unadjusted Trial Balance
May 31, 2018
Account Title
Debit
Credit
Cash v
Accounts Receivable v
Supplies v
Prepaid Rent v
Prepaid Insurance v
Office Equipment v
Accumulated Depreciation
Accounts Payable v
Salaries Payable v
Unearned Fees v
Common Stock V
Retained Earnings
Dividends v
Fees Earned v
Salary Expense v
Rent Expense v
Supplies Expense v
Depreciation Expense v
Insurance Expense v
II

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