BE4-1 The steps in using a worksheet are presented in random order below. List the steps List the steps in preparing a in the proper order by placing numbers 1-5 in the blank spaces. (a) Prepare a trial balance on the worksheet. (b) Enter adjusted balances. (c) Extend adjusted balances to appropriate statement columns. (d) (e) Total the statement columns, compute net income (loss), and complete the worksheet. Enter adjustment data. BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance 3,000, Service Revenue 61,000, and Salaries and Wages Expense 25,000. Adjusting entries are required for (a) expired insurance 1,300; (b) services per- formed 1,100, but unbilled and uncollected; and (c) accrued salaries payable 800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and Wages Payable, and Insurance Expense.) BE4-3 The following selected accounts appear in the adjusted trial balance columns of the worksheet for Cesar Company: Accumulated Depreciation; Depreciation Expense; Share Prepare closing entries from ledger balances. (LO 2) Post closing entries; underline and balance T-accounts. (LO 2) Journalize and post closing entries using the three- column form of account. (LO 2) Identify post-closing trial balance accounts. (LO 3) List the required steps in the accounting cycle in sequence. (LO 4) Prepare correcting entries. (LO 5) worksheet. (LO 1) Prepare partial worksheet. (LO 1) Identify worksheet columns for selected accounts. (LO 1) Capital-Ordinary; Dividends; Service Revenue; Supplies; and Accounts Payable. Indicate the financial statement column (income statement Dr., statement of financial position Cr.. etc.) to which each balance should be extended. BE4-4 The ledger of Yilmaz Company contains the following balances: Retained Earnings *30,000; Dividends +2,000; Service Revenue 47,000; Salaries and Wages Expense 27,000; and Supplies Expense 5,000. Prepare the closing entries at December 31. BE4-5 Using the data in BE4-4, enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. BE4-6 The income statement for Mosquera Golf Club for the month ending July 31 shows Service Revenue 19,200, Salaries and Wages Expense 8,800, Maintenance and Repairs Expense 2,500, and Net Income 7,900. Prepare the entries to close the revenue and expense accounts. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account. BE4-7 Using the data in BE4-3, identify the accounts that would be included in a post- closing trial balance. BE4-8 The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers 1-9 in the blank spaces. (a) (b) (g) (h) (i) Prepare a trial balance. Journalize the transactions. Journalize and post closing entries. Prepare financial statements. Journalize and post adjusting entries. Post to ledger accounts. Prepare a post-closing trial balance. Prepare an adjusted trial balance. Analyze business transactions. BE4-9 At Rafeul Company SA, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries. 1. A collection on account from a customer for 1,140 was recorded as a debit to Cash 1,140 and a credit to Service Revenue 1,140. 2. The purchase of store supplies on account for 1,580 was recorded as a debit to Supplies 1,850 and a credit to Accounts Payable 1,850