Only questions 3,4,5 and can you please make the tables able to be copy and pasted into word for editing PR 4-4A Ledger accounts, adjusting entries, financial statements,and closing entries; optional spreadsheetThe unadjusted trial balance of Lakota Freight Co. at March 31, 20Y4, the end of the year, follows:Obj. 2, 3Lakota Freight Co.Unadjusted Trial BalanceMarch 31, 20Y4AccountDebitBalancesCreditBalancesNo.Cash.1112,000Supplies1330,000Prepaid Insurance..Equipment..Accumulated Depreciation-Equipment. .Trucks.....143,600110,000161725,0001860,000Accumulated Depreciation-TrucksAccounts Payable..Common Stock..Retained EarningsDividends.1915,000214,0003126,00070,000323315,000Service Revenue41160,000Wages Expense..Rent Expense.Truck ExpenseMiscellaneous Expense..5145,0005310,600549,000594,800300,000300,000The data needed to determine year-end adjustments are as follows:(a) Supplies on hand at March 31 are $7,500.(b) Insurance premiums expired during year are $1,800.(c) Depreciation of equipment during year is $8,350.(d) Depreciation of trucks during year is $6,200.(e) Wages accrued but not paid at March 31 are $600.Instructions1. For each account listed in the trial balance, enter the balance in the appropriate Balance col-umn of a four-column account and place a check mark () in the Posting Reference column.2. (Optional) Enterand complete the spreadsheet. Add the accounts listed in part (3) as needed,3. Journalize and post the adjusting entries, inserting balances in the accounts affected. Record theadjusting entries on Page 26 of the journal. The following additional accounts from Lakota FreightCo's chart of accounts should be used: Wages Payable, 22; Supplies Expense, 52; DepreciationExpense-Equipment, 55; Depreciation Expense–Trucks, 56; Insurance Expense, 57.4. Prepare an adjusted trial balance.5. Prepare an income statement, a statement of stockholders' equity, and a balance sheet. Duringthe year ended March 31, 20Y4, additional common stock of $6,000 was issued6. Journalize and post the closing entries. Record the closing entries on Page 27 of the journalIndicate closed accounts by inserting a line in both Balance columns opposite the closing entrythe unadjusted trial balanceend-of-period spreadsheetonan7. Prepare a post-closing trial balance.

The question is based on the concept of final accounts.

PR 4-4A Ledger accounts, adjusting entries, financial statements, and closing entries; optional spreadsheet The unadjusted trial balance of Lakota Freight Co. at March 31, 20Y4, the end of the Obj. 2, 3 year, follows: Lakota Freight Co. Unadjusted Trial Balance March 31, 20Y4 Account No. Debit Balances Credit Balances Cash..... 11 12,000 30,000 Supplies Prepaid Insurance. Equipment.. Accumulated Depreciation-Equipment.. 13 ..... 14 3,600 16 ...... 110,000 17 25,000 Trucks

PR 4-4A Ledger accounts, adjusting entries, financial statements, and closing entries; optional spreadsheet The unadjusted trial balance of Lakota Freight Co. at March 31, 20Y4, the end of the Obj. 2, 3 year, follows: Lakota Freight Co. Unadjusted Trial Balance March 31, 20Y4 Account No. Debit Balances Credit Balances Cash..... 11 12,000 30,000 Supplies Prepaid Insurance. Equipment.. Accumulated Depreciation-Equipment.. 13 ..... 14 3,600 16 ...... 110,000 17 25,000 Trucks

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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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近

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