Refer to the data and information in Problem 5-3B. Required Prepare and complete the entire 10-column work
Question:
Required
Prepare and complete the entire 10-column work sheet for FAB Products Company. Follow the structure of Exhibit 5B.1 in Appendix5B.
Transcribed Image Text:
FAB PRODUCTS COMPANY Unadjusted Trial Balance October 31, 2011 Debit $ 4,400 23,000 9,600 4,600 83,800 Credit Cash Merchandise inventorny Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable A. Fab, Capital A. Fab, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Salaries expense Insurance expense Rent expense Store supplies expense Advertising expense Totals $ 30,000 16,000 64,000 2,000 208,000 2,000 4,000 74,800 62,000 28,000 19,800 $318,000 2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
FAB PRODUCTS COMPANY Work Sheet For Year Ended October 31 2011 Unadjusted Trial Balance Adjustments ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
Refer to the data and information in Problem 5-3A. Required Prepare and complete the entire 10-column work sheet for Rex Company. Follow the structure of Exhibit in Appendix5B. REX COMPANY Unadjusted...
-
Refer to the data and information in Problem 5-5A. In Problem 5-5A The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Rent expense and salaries expense are...
-
Refer to the data and information in Problem 5-5B. In Problem 5-5B The following unadjusted trial balance is prepared at fiscal year-end for Foster Products Company. Rent expense and salaries expense...
-
To meet the demand for parking, your town has allocated the area shown here. As the town engineer, you have been asked by the town council to find out if the lot can be built for $11,000. The cost to...
-
What purposes does the schedule of accounts receivable serve?
-
Journalize entries for the following related transactions of Manville Heating & Air Company: a. Purchased $90,000 of merchandise from Wright Co. on account, terms 2/10, n/30. b. Paid the amount owed...
-
In a group of 160 graduate engineering students, 92 are enrolled in an advanced course in statistics, 63 are enrolled in a course in operations research, and 40 are enrolled in both. How many of...
-
Josh contributes $5,000 toward the support of his widowed mother, aged 69, a U.S. citizen and resident. She earns gross income of $2,000 and spends it all for her own support. In addition, Medicare...
-
In what ways does HR assist managers in handling employee performance issues or conflicts within their teams? What role does HR play in helping managers navigate challenges related to allegations and...
-
?? Problems (4) to (8) below are based on Example Problem 13.4 Example Problem 13.4 FIGURE 13.41 System for Example Problem 13.4 80 ft Figure 13.41 shows a pumped fluid flow system that is being...
-
Use the data for Albin Company in Problem 5-4B to complete the following requirements. Required 1. Prepare closing entries as of March 31, 2011 (the perpetual inventory system is used). Analysis...
-
Refer to Research In Motions financial statements in Appendix A to answer the following. Required 1. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a...
-
Consider a major purchase you have made recently. Review the AIDA model (Exhibits 13.7 and 13.8) and accompanying discussion. a. Think back on the process that led up to your purchase and reconstruct...
-
What are the basic elements of decision making? Define those elements separately. If we dont know the probabilities for the states of nature, can we still make a decision?
-
How can retailers implement dynamic pricing internally and externally?
-
What is the CML? What is the SML? How are they similar? How are they different?
-
How can your company better differentiate itself from the competition using price and pricing transparency?
-
Do customers find it easy to transact with your company? If not, what initiatives are underway to make this easier?
-
Let Y,Y 1 ,Y 2 , ... be i.i.d. r.v.s, E{Y} = 0, Var{Y} = 1. Let the random vector (X 1n , ...,X nn ) = (Y 1 , ...,Y n ) with probability 11, and (X 1n , ...,X nn ) = (Y, ...,Y) with probability 1....
-
d. The characteristic equation of a control system is given by s+2s+8s+12s+20s+16+16=0. Determine the number of the roots of the equation which lie on the imaginary axis of s-plane
-
Research a health issue of your choice and conduct three to four in-depth interviews with key stakeholders or representatives of organizations who work in the field. Present key findings and lessons...
-
Binbutti Engineering, a sole proprietorship, completed the following transactions during July 2014, the third month of operations: July 1 Bishr Binbutti, the owner, invested $300,000 cash, office...
-
Peeters Consulting completed these transactions during June 2014: a. Trevor Peeters, the sole proprietor, invested $46,000 cash and office equipment with a $24,000 fair value in the business. b....
-
Using the trial balance prepared in Part 4 of Problem 2-9B, prepare an income statement and statement of changes in equity for the two months ended July 31, 2014, and a balance sheet at July 31,...
-
If you invest $250 a month for 40 years at 10% interest. How much money will you have.
-
Watch the Video "Types of Risks - Risk Management in Banks" https://youtu.be/8QjCdwhPT8U Provide a one paragraph answer to each of the following questions: In your opinion, what type of bank risk has...
-
4. A product manager prepared the following forecasts for a product line: 0 1 2 3 4 5 6 and later + + + + + $2m $2m $3m $4m $4m g=2.5% If the appropriate discount rate is 8.5%, what is the present...
Study smarter with the SolutionInn App