Comprehensive Problem 1 Part 7: 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 parts 1, 2, 3, 4, and 6 before completing part 7. Part 5 is optional. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Adjusted Trial Balance Account Title Cash May 31, 20Y8 Debit Balances Credit Balances
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- Comprehensive Problem 1 Part 4 and Part 6: 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 th concepts. Note: You must complete parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during May is $275. b. Supplies on hand on May 31 are $715. C. Depreciation of office equipment for May is $330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1i,600. I Uneamed fees on May 31 are $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Account Name Post. Ref. Debit Credit b. Supplies on hand on May 31 are $715. Account Name Post. Ref. Debit Credit…Comprehensive Problem 1Part 4 and Part 6: 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 parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during May is $275.b. Supplies on hand on May 31 are $715.c. Depreciation of office equipment for May is $330.d. Accrued receptionist salary on May 31 is $325.e. Rent expired during May is $1,600.f. Unearned fees on May 31 are $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Account Name Post. Ref. Debit Credit fill in the blank 2 fill in the blank 4 b. Supplies…(Part1-3 posted just before) Comprehensive Problem 1Part 4 and Part 6: 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 parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). a. Insurance expired during May is $275.b. Supplies on hand on May 31 are $715.c. Depreciation of office equipment for May is $330.d. Accrued receptionist salary on May 31 is $325.e. Rent expired during May is $1,600.f. Unearned fees on May 31 are $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Date Account Name Post. Ref. Debit Credit May 31 b.…
- INSTRUCTIONS: You are required to respond to both questions below and adhere strictly to the word limit, where prescribed.You must post your response first to be able to see others' responses.Assessment guidelines are as follows:Assessment category 1: Your initial post containing responses to the two questions below = 3 out of 5 pointsAssessment category 2: Contributions to your peers' posts = 2 out of 5 points. To obtain points in this category, you must comment on at least two posts from your peers.Your initial response should be posted in response to the initial post entitled "Post your responses here" The forum closes for new responses on October 17, 2021. Please be mindful of the date QUESTIONS: Question 1 (1.5 points) John and Marsha are in an argument about an investment which requires a series of six annual deposits. If an investor decides to invest, he/she has to deposit $30,000 at the end of year 1, $30,000 at the end of year 2, $30,000 at the end of year 4, $30,000 at…E Question 2 of 20: Select the best answer for the question. 2. Accounts are generally grouped and kept together in the O A. ledger O B. general journal. OC. book of original entry OD. trial balance. Mark for review (Will be highlighted on the review page) << Previol Question Type here to search Next Question Oplease answer this question I need this for my assignment * please prepare general journal entry to record the above transaction . I need full answer please to help me on my assignment and better learning
- 1. Journal all transactions in Part One 2. Using the chart of accounts, open ledger accounts and post journals to the ledger account. 3. Prepare a trial balance 4. Prepare the following statements: 1. Income Statement 2. Retained Earnings Statements 3. Balance Sheet You need to use Microsoft Excel. Do not use Google Docs or Apple’s numbers. Place your submission in the appropriate journal labeled final project in the learning modules tab in Blackboard. The project is due in Module 15. Three points extra credit to final grade if submitted during Module 14. Part One A. The following transaction occurred for Scrooge Inc. for the month of December 31, 1820. B. Ebenezer Scrooge invested $50,000 cash along in the company in exchange for common stock. C. The company prepaid $500 for 12 month’s rent. D. The company purchased $100 in office supplies. Payment due withing 10 days E. Scrooge Inc. completed services for a client and immediately received $2,000. F. The company completed $1,500…"iew History Bookmarks Window Help A education.wiley.com WP NWP Assessment Player UI Application DAXMED WALI FURI Question 30 of 42 View Policies Current Attempt in Progress The information for preparing a trial balance on a worksheet is obtained from general journal entries. financial statements. business documents. general ledger accounts. Save for Later OOOOplease provide correct and complete answer with compulsory explanation , calculation for each part ,steps clearly answer in text from remember each part and calculation should have explanation and show working for each calculation NEED ANSWER FOR ALL REQUIREMENT OR SKIP ATTEMPT If YOU CAN GIVE COMPLETE AND CORRECT ANSWER AND 100% SURE
- Edit View History Bookmarks Window Help A education.wiley.co Exam 1 WP NWP Assessment Player UI Application DAX Question 35 of 42 View Policies Current Attempt in Progress Each of the following accounts is closed to Income Summary except Expenses. Dividends. Revenues. All of these are closed to Income Summary. Save for Laterneed answer second and third part please provide correct and complete answer with compulsory explanation , calculation for each part ,steps clearly answer in text from remember each part and calculation should have explanation and show working for each calculation NEED ANSWER FOR ALL REQUIREMENT OR SKIP ATTEMPT If YOU CAN GIVE COMPLETE AND CORRECT ANSWER AND 100% SURE downvote if incorrect or incompleteSUMMATIVE ASSESSMENT ACTIVITIES 60% pass mark Instructions: The following assignments must be completed by you in full. Read the instructions carefully and ensure that you cover all the requirements of the assignments thoroughly. Check to ensure that you have referenced each Assignment correctly and included all the required attachments Important note: Should any additional information / documents be required or attached, kindly ensure that you have referenced them accurately as identified in each section. Remember: This is a NOF Level 6 qualification requiring comprehensive, in depth evidence that clearly shows your ability to analyse and evaluate, if there are any sections where you do not have workplace evidence, simulate the activities through role play Case Study Hash-Singh CC trading under Kop lee Foods is a food manufacturing company based in Julius industrial Park situated in Rustenbure. The company was founded in 1942 by the offspring of the Gani family who was sent as…