The unadjusted trial balance of Wolfe Anvils at Dec. 31, 2014, and the data for the adjustment follow:
and so on………
1. Unearned Revenue still unearned at Dec. 31 , $1,200
2. Prepaid Rent still in force at Dec. 31, $2,500.
3. Office Supplies used, $1,000.
4. Depreciation, $300
5. Accrued Salaries Expense at Dec. 31, $200.
a. Open the T-accounts using the balances in the unadjusted trial balance.
b. Prepare the adjusting entries and post to the accounts
c. Prepare an adjusted trial balance
d. Complete the worksheet for the year ended Dec. 31, 2014
e. Prepare the income statement, the statement of retained earnings and the classified balance sheet in report form.
f. Prepare the closing entries and post to the accounts
g. Prepare a post-closing trial balance
h. Calculate the current ratio for the company
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more