Question: help this is my third time posting this. the needed information is below. let me know what is needed PART 4: FINANCIAL STATEMENTS, CLOSING ENTRIES,

help this is my third time posting this. the needed information is below. let me know what is needed
help this is my third time posting this. the needed information is
below. let me know what is needed PART 4: FINANCIAL STATEMENTS, CLOSING
ENTRIES, POST-CLOSING TRIAL BALANCE From the Adjusted Trial Balance in Part 3
of this project, prepare the Financial Statements (Multi-step Income Statement, Statement of

PART 4: FINANCIAL STATEMENTS, CLOSING ENTRIES, POST-CLOSING TRIAL BALANCE From the Adjusted Trial Balance in Part 3 of this project, prepare the Financial Statements (Multi-step Income Statement, Statement of Retained Earnings, Classified Balance Sheet, Statement of Cash Flows, indirect method). Next, prepare the closing journal entries. Finally, update the Ledgers and prepare the Post- Closing Trial Balance. D E TI B Accounting 2301 - Fall 2021 - Project Part 1 Answers Unadjusted Trial Balance For the Month Ended 12/31/2020 Credit Account Debit Cash $75,272.10 Accounts Receivable $650.00 Office Supplies $1,157.40 Prepaid Rent $2,700.00 Prepaid Insurance $900.00 Office Equipment $14,600.00 Accounts Payable Notes Payable Uneamed Revenue Payroll Tax Payable-OASDI Payroll Tax Payable-Medicare Payroll Tax Payable-FUTA Payroll Tax Payable-Federal WHT Common Stock Dividends $3,000.00 Service Revenue Accounting Expense $450.00 Advertising Expense $1,460.00 Utilities Expense $796.00 Meals Expense $68.00 Salaries Expense $5,000.00 Payroll Tax Expense $412.50 Totals $106,466.00 $416.00 $50,000.00 $2,900.00 $620.00 $145.00 $30.00 $860.00 $40,000.00 $11,495.00 $106,466.00 Done U Expert Q&A Accounting 2301 - Fall 2021 - Project Part 1 Answers Adjusted Trial Balance For the Year Ended 12/31/2020 Credit $229.90 Account Debit Cash $75,272.10 Accounts Receivable $650.00 Allowance for Bad Debts Office Supplies $160.00 Prepaid Rent $900.00 Prepaid Insurance $750.00 Office Equipment $14,600.00 Accumulated Depreciation Accounts Payable Notes Payable Interest Payable Payroll Tax Payable-OASDI Payroll Tax Payable-Medicare Payroll Tax Payable-FUTA Payroll Tax Payable-Federal WHT Common Stock Dividends $3,000.00 Service Revenue Accounting Expense $450.00 Advertising Expense $1,460.00 Utilities Expense 5796.00 Meals Expense $68.00 Salaries Expense $5,000.00 Payroll Tax Expense $412.50 Bad Debt Expense $229,90 Depreciation Expense $387.50 Supplies Expense $997.40 Insurance Expense $150.00 Rent Expense $1,800.00 Interest Expense $283.33 1 Totals $107,366.73 3 3 $387.50 $416.00 $50,000.00 $283.33 $620.00 $145.00 $30.00 $860.00 $40,000.00 $14,395.00 $107,366.73 2 The other accounts that needs to be adjusted are: Prepaid Rent Prepaid Insurance Unearned Revenue

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