Question: Please help on all parts!!!! E4-20 (Algo) Preparing Adjusting Entries, an Adjusted Trial Balance, and Financial Statements [LO 4-1, LO 4-2, LO 4-3, LO 4-4]

![4-4] (General Ledger) Bill's Boards (BB) is an outdoor advertising company founded](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/6717b1b55d9a0_0686717b1b4e27d4.jpg)





E4-20 (Algo) Preparing Adjusting Entries, an Adjusted Trial Balance, and Financial Statements [LO 4-1, LO 4-2, LO 4-3, LO 4-4] (General Ledger) Bill's Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to "keep the books." Unfortunately. William did not review his friend's work and now it seems his friend has made a mess of the accounting records. William has provided you the following list of unadjusted account balances at BB's September 30 fiscal year-end. You have reviewed the balances with William and made notes shown in the right column. Prepare the adjusting journal entries for the year ended September 30 . (If no entry is required for Journal Entry Required" in the first account field.) Record the entry to fix the premature recording of advertising revenue. Record the entry to update the rent accounts. 3 Record the depreciation on equipment for the period. 4 Record the entry to update deferred revenue. 5 Record the entry to accrue revenue not yet billed. 6 Record the entry to accrue unpaid wages. 7 Record the entry to correct the supplies accounts. Note : = journal entry has been entered Chapter 4 Homework (i) Benaral Ledost Acceurl he ending baiance values from the General Ledger tab flows through to the Trial Balance tab. Use the drop-down to select the accounts properly included on the will appear for each account based on your selection. Prepare the statement of retained eamings for the year ended September 30 , You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings: \begin{tabular}{|l|l|l|l|l|l} Requirement & General Joumal & General Ledger & Trial Balance & Income Statement & Statement of Retained Earnings \\ \hline \end{tabular} Use the dropdowns to select the accounts properly included on the classified balance sheet. The unadjusted and adjusted balances will appear for each account, based on your selection. \& Statement of Retained Earnings E4-20 (Algo) Preparing Adjusting Entries, an Adjusted Trial Balance, and Financial Statements [LO 4-1, LO 4-2, LO 4-3, LO 4-4] (General Ledger) Bill's Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to "keep the books." Unfortunately. William did not review his friend's work and now it seems his friend has made a mess of the accounting records. William has provided you the following list of unadjusted account balances at BB's September 30 fiscal year-end. You have reviewed the balances with William and made notes shown in the right column. Prepare the adjusting journal entries for the year ended September 30 . (If no entry is required for Journal Entry Required" in the first account field.) Record the entry to fix the premature recording of advertising revenue. Record the entry to update the rent accounts. 3 Record the depreciation on equipment for the period. 4 Record the entry to update deferred revenue. 5 Record the entry to accrue revenue not yet billed. 6 Record the entry to accrue unpaid wages. 7 Record the entry to correct the supplies accounts. Note : = journal entry has been entered Chapter 4 Homework (i) Benaral Ledost Acceurl he ending baiance values from the General Ledger tab flows through to the Trial Balance tab. Use the drop-down to select the accounts properly included on the will appear for each account based on your selection. Prepare the statement of retained eamings for the year ended September 30 , You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings: \begin{tabular}{|l|l|l|l|l|l} Requirement & General Joumal & General Ledger & Trial Balance & Income Statement & Statement of Retained Earnings \\ \hline \end{tabular} Use the dropdowns to select the accounts properly included on the classified balance sheet. The unadjusted and adjusted balances will appear for each account, based on your selection. \& Statement of Retained Earnings
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
