Question: at Tools Table Window Help e 13kD . a EXCEL Summer 18 Fact Set-2.-a- Design Layout References Mailings Review View Styles On the designated worksheet,

 at Tools Table Window Help e 13kD . a EXCEL Summer
18 Fact Set-2.-a- Design Layout References Mailings Review View Styles On the

at Tools Table Window Help e 13kD . a EXCEL Summer 18 Fact Set-2.-a- Design Layout References Mailings Review View Styles On the designated worksheet, prepare in journal entry form all adjusting and correcting journal entries based on the following information (round all numbers to the nearest dollar). Letter entries to correspond to the below information and present them in alphabetica must be entirely correct to receive allocated points. Before preparing entries, finish the story by filling in the blanks I order. Add any new accounts as needed to the trial balance. Each entry Czar was authorized to issue 3,000,000 shares of $1 par Common Stock but has only issued 520,000 shares of common stock as of 12/31/2018. No new shares were issued during 2018. On the Adjusting Journal Entries" worksheet, prepare in journal entry form all adjusting and correcting journa provided to you as of 12/31/2018. (Round all numbers to the nearest dollar). Label I entries based on the following information. All information was journal entries a through t. Based on your review of the cash balances, you note that there was an overdraft of $9,600 in one of your bank accounts. However, there are bank accounts deposited. The total cash at this bank equaled a debit balance of $144,000. The previous accountant note the Board of Directors has restricted $52,000 of cash for future expansion. This $52.000 is part of the cash balance. The future expansion will not occur for several more years. a. at the specific bank where the account with the overdraft is moved the overdraft to Accounts Payable. You also b. Based on your inquiries, you note that $28,000 of accounts receivable had been written off during the year. The clerk had debited bad debt expense for $28,000 United States) Focus

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!