Question: All the information provided. I did #2, need help with page #3. Thanks in advance. Fargo Homework Assignment Read the information about Fargo Company. You
Fargo Homework Assignment Read the information about Fargo Company. You have Fargo's onalyze the activity in selected accounts to determine information about tral bolance balances and activity during the period. We will discuss how to on Friday, May 20. Bring your copy of the case to class. This is will check your work on Wednesday, May 25 (counts as one homework entire assignment (hard copy submission) later in the course s adjusted trial balance and are asked to information about beginning balances, ending started with this exercise in class is considered a homework assignment- homework check) and you wil hand in the will discuss how to get started with this The July 31, 2014 adjusted trial balance of Fargo Company is presented below debits and credits for each account are listed (including the beginning balances account ending balance. Fargo's fiscal year the month of July 2014, except the adjustment for inventory presented below. Notice that the total balances) rather than the usual end is June 30. All adjusting entries have been made for DEBIT ACCOUNT Cash Accounts Receivable Allowance for Credit Losses Inventory Prepaid Advertising Office Supplies Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Dividends Payable Notes Payable Common Stock APIC-C/S Retained Earnings Sales Revenue Sales Returns Sales Discounts 54,600 58,000 54,400 1,100 60,000 1,200 1,700 22,000 400 7,600 1,900 40,000 800 100 4,000 30,000 3,000 30,000 20,000 7,20019,900 61,000 2,200 500 Purchase Returns and Allowances Purchase Discounts Salaries Expense Office Supplies Expense Insurance Expense Advertising Expense Bad Debt Expense Miscellaneous Expense 1,300 700 600 500 Depreciation Expense Interest Expense Gain/Loss on Sale of Equipment Totals
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