Using the unadjusted trial balance, and some additional information...

2) Prepare all necessary adjusting journal entries

 3) Prepare a full set of financial statements including a note related to significant accounting policies. Please provide the Balance Sheet, Income Statement, Statement of Comprehensive Income, Statement of Retained Earnings, State of Cash Flow, and the Footnote.

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Account Name Cash Accounts Receivable Supplies Inventory Note Receivable Prepaid Rent Office Equipment Weaving Way Grocers Trial Balance Year Ended June 30, 2017 Accumulated Depreciation Office Equipment Accounts Payable Note Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Rent Expense Supplies Expense Insurance Expense Advertising Expense Debit 30,000.00 40,000.00 1,500.00 60,000.00 20,000.00 2,000.00 80,000.00 70,000.00 18,900.00 11,000.00 1,100.00 6,000.00 3,000.00 Credit 30,000.00 31,000.00 50,000.00 60,000.00 29,500.00 148,000.00 Account Name Cash Accounts Receivable Supplies Inventory Note Receivable Prepaid Rent Office Equipment Weaving Way Grocers Trial Balance Year Ended June 30, 2017 Accumulated Depreciation Office Equipment Accounts Payable Note Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Rent Expense Supplies Expense Insurance Expense Advertising Expense Debit 30,000.00 40,000.00 1,500.00 60,000.00 20,000.00 2,000.00 80,000.00 70,000.00 18,900.00 11,000.00 1,100.00 6,000.00 3,000.00 Credit 30,000.00 31,000.00 50,000.00 60,000.00 29,500.00 148,000.00

Answer rating: 100% (QA)

1 Based on the information provided the following are the adjusting journal entries for Weaving Way ... View the full answer