Question: Please help answer all parts. thank you Bug-Off Exterminators provides pest control services and sells extermination. products manufactured by other companies. Following is the company's









Bug-Off Exterminators provides pest control services and sells extermination. products manufactured by other companies. Following is the company's unadjusted trial balance as of December 3t, 2021 . The following information in a through happlies to the company ot the end of the current year. a. The bank reconcillation as of December 31,2021 , includes the following facts. Reported on the banks statement is a canceled check that the company falled to record. (information from the bank reconciiation allows you to deterinine the amount of this check, which is a payment on on account payable) Reported on the bank statement is a canceled check that the company falled to record. (information from the bank reconciriation allows you to determine the amount of this check, which is a payment on an account payable.) b. An examination of customers' accounts shows that accounts totaling $680 should be written off as uncollectible. Using an aging of recelvables, the company determines that the ending balance of the Allowance for Doubtful Accounts should be $705. c. A truck is purchased and placed in service on January 1, 2021. It cost is being depreclated with the straight-ine method using the following facts and estimates. d. Two ltems of equipment (a sprayer and an injector) were purchased and put into service in early January 2019. They are being depreciated with the straight-line method using these facts and estimates. e. On September 1, 2021, the company is paid $3,900 cash in advance to provide monthly service for an apartment complex for one year. The company began providing the services in September. When the cash was recelved, the full amount was credited to the Extermination Services Revenue account. 1. The company offers a warranty for the services it sells. The expected cost of providing warranty service is 2.5% of the extermination services revenue of $59,400 for 2021 . No warranty expense has been recorded for 2021 . All costs of servicing warranties in 2021 were property debited to the Estimated Warranty Liability account. 9. The $16.000 long-term note is an 8%, five-year, interest-bearing note with interest payable annually on December 31 . The note was signed with First National Bank on December 31, 2021. h. The ending inventory of merchandise is counted and determined to have a cost of $11,900. Bug-Off uses a perpetual inventory system. Required: 1. Determine amounts for the following items: a. Correct (reconciled) ending balance of Cashy and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021 . d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. 1. The adjusted 2021 ending balances of the Warranty Expense and the Estimoted Warranty Lability accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the interest Payable accounts. 2. Hest the rasulic nt nant 1 in romnloge the sir-rolumn Required: 1. Determine amounts for the following items: a. Correct (reconciled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021 . e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liability accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts. 2. Use the results of part 1 to complete the six-column table by first entering the appropriate adjustments for items a through g and then completing the adjusted trial balance columns. Hint: item brequires two adjustments. 3. Prepare journal entries to record the adjustments entered on the six-column table. Assume Bug-Off's adjusted balance for Merchandise Inventory matches the year-end physical count. 4a. Prepare a single-step income statement for 2021. 4b. Prepare the statement of owner's equity (cash withdrawals during 2021 were $11,000 and owner investments were $0 ) for 202 4c. Prepare a classified balance sheet for December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine amounts for the following items: a. Correct (reconcled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreclation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Uneamed Services Revenue accounts. (bo) not round your intermediate caiculations.) f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liabinty accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts. Determine amounts for the following items: a. Correct (reconciled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Servic not round your intermediate calculations.) f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liabilit g. The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts. Prepare journal entries to record the adjustments entered on the six-column table. Assume Bug-Off's adjusted balance fo Merchandise Inventory matches the year-end physical count. (If no entry is required for a particular transaction, select journal entry required" in the first account field. Do not round your intermediate calculations.) Req 1 Req 2 Req 3 Req 48 Req 4C Prepare a single-step income statement for 2021. BUG-OFF EXTERMINATORS Income Statement For Year Ended December 31, 2021 Revenues Extermination services revenue \begin{tabular}{l} Sales \\ \hline Interest revenue \\ \hline \end{tabular} Total revenues Expenses Total expenses b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liability accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the interest Payable accounts. 2. Use the results of part 1 to complete the six-column table by first entering the appropriate adjustments for items a through g then completing the adjusted trial balance columns. Hint: Item b requires two adjustments. 3. Prepare journal entries to record the adjustments entered on the sb-column table. Assume Bug-Off's adjusted balance for Merchandise inventory matches the year-end physical count. 4a. Prepare a single-step income statement for 2021. 4b. Prepar the statement of owner's equity (cash withdrawals during 2021 were $11,000 and owner investments were $0 ) for 2 4c. Prepare a classified balance sheet for December 31,2021. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity (cash withdrawals during 2021 were $11,000 and owner investments were $0 ) for 2021. ed should be indicated with a minus sign. Plant assets: Bug-Off Exterminators provides pest control services and sells extermination. products manufactured by other companies. Following is the company's unadjusted trial balance as of December 3t, 2021 . The following information in a through happlies to the company ot the end of the current year. a. The bank reconcillation as of December 31,2021 , includes the following facts. Reported on the banks statement is a canceled check that the company falled to record. (information from the bank reconciiation allows you to deterinine the amount of this check, which is a payment on on account payable) Reported on the bank statement is a canceled check that the company falled to record. (information from the bank reconciriation allows you to determine the amount of this check, which is a payment on an account payable.) b. An examination of customers' accounts shows that accounts totaling $680 should be written off as uncollectible. Using an aging of recelvables, the company determines that the ending balance of the Allowance for Doubtful Accounts should be $705. c. A truck is purchased and placed in service on January 1, 2021. It cost is being depreclated with the straight-ine method using the following facts and estimates. d. Two ltems of equipment (a sprayer and an injector) were purchased and put into service in early January 2019. They are being depreciated with the straight-line method using these facts and estimates. e. On September 1, 2021, the company is paid $3,900 cash in advance to provide monthly service for an apartment complex for one year. The company began providing the services in September. When the cash was recelved, the full amount was credited to the Extermination Services Revenue account. 1. The company offers a warranty for the services it sells. The expected cost of providing warranty service is 2.5% of the extermination services revenue of $59,400 for 2021 . No warranty expense has been recorded for 2021 . All costs of servicing warranties in 2021 were property debited to the Estimated Warranty Liability account. 9. The $16.000 long-term note is an 8%, five-year, interest-bearing note with interest payable annually on December 31 . The note was signed with First National Bank on December 31, 2021. h. The ending inventory of merchandise is counted and determined to have a cost of $11,900. Bug-Off uses a perpetual inventory system. Required: 1. Determine amounts for the following items: a. Correct (reconciled) ending balance of Cashy and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021 . d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. 1. The adjusted 2021 ending balances of the Warranty Expense and the Estimoted Warranty Lability accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the interest Payable accounts. 2. Hest the rasulic nt nant 1 in romnloge the sir-rolumn Required: 1. Determine amounts for the following items: a. Correct (reconciled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021 . e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liability accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts. 2. Use the results of part 1 to complete the six-column table by first entering the appropriate adjustments for items a through g and then completing the adjusted trial balance columns. Hint: item brequires two adjustments. 3. Prepare journal entries to record the adjustments entered on the six-column table. Assume Bug-Off's adjusted balance for Merchandise Inventory matches the year-end physical count. 4a. Prepare a single-step income statement for 2021. 4b. Prepare the statement of owner's equity (cash withdrawals during 2021 were $11,000 and owner investments were $0 ) for 202 4c. Prepare a classified balance sheet for December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Determine amounts for the following items: a. Correct (reconcled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreclation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Uneamed Services Revenue accounts. (bo) not round your intermediate caiculations.) f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liabinty accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts. Determine amounts for the following items: a. Correct (reconciled) ending balance of Cash; and the amount of the omitted check. b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Servic not round your intermediate calculations.) f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liabilit g. The adjusted 2021 ending balances of the Interest Expense and the Interest Payable accounts. Prepare journal entries to record the adjustments entered on the six-column table. Assume Bug-Off's adjusted balance fo Merchandise Inventory matches the year-end physical count. (If no entry is required for a particular transaction, select journal entry required" in the first account field. Do not round your intermediate calculations.) Req 1 Req 2 Req 3 Req 48 Req 4C Prepare a single-step income statement for 2021. BUG-OFF EXTERMINATORS Income Statement For Year Ended December 31, 2021 Revenues Extermination services revenue \begin{tabular}{l} Sales \\ \hline Interest revenue \\ \hline \end{tabular} Total revenues Expenses Total expenses b. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts. c. Depreciation expense for the truck used during year 2021. d. Depreciation expense for the two items of equipment used during year 2021. e. The adjusted 2021 ending balances of the Extermination Services Revenue and Unearned Services Revenue accounts. f. The adjusted 2021 ending balances of the Warranty Expense and the Estimated Warranty Liability accounts. 9. The adjusted 2021 ending balances of the Interest Expense and the interest Payable accounts. 2. Use the results of part 1 to complete the six-column table by first entering the appropriate adjustments for items a through g then completing the adjusted trial balance columns. Hint: Item b requires two adjustments. 3. Prepare journal entries to record the adjustments entered on the sb-column table. Assume Bug-Off's adjusted balance for Merchandise inventory matches the year-end physical count. 4a. Prepare a single-step income statement for 2021. 4b. Prepar the statement of owner's equity (cash withdrawals during 2021 were $11,000 and owner investments were $0 ) for 2 4c. Prepare a classified balance sheet for December 31,2021. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity (cash withdrawals during 2021 were $11,000 and owner investments were $0 ) for 2021. ed should be indicated with a minus sign. Plant assets
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