REQUIREMENTS Please follow these instructions carefully! 3. Prepare a 6-column worksheet and enter the? December ? 31
Question:
REQUIREMENTS
Please follow these instructions carefully!
3. Prepare a 6-column worksheet and enter the?December?31?unadjusted balances from the general ledger
? ? accounts. Also enter adjusting entries for the following items on the worksheet, and complete
? ? the worksheet.
? ? ? ? ? ? ? ? a. Unpaid wages were $1,160 as of December 31.
? ? ? ? ? ? ? ? b. The December 31 concessions inventory was $2,015.
? ? ? ? ? ? ? ? c. The supplies inventory was $3,125 on December 31.
? ? ? ? ? ? ? ? d. The unexpired portion of the prepaid stadium rental was $2,210 as of December 31.
? ? ? ? ? ? ? ? e. Depreciation for the year on the equipment was $16,750.
? ? ? ? ? ? ? ? f. Depreciation for the year on the building was $35,750.
? ? ? ? ? ? ? ? g. Unpaid utility expense for December was $1,230.
? ? ? ? ? ? ? ? h. Interest expense on the note payable for 2019 was $1,750, to be paid when the note matures.
? ? ? ? ? ? ? ? i. Admissions gift certificates still unredeemed at December 31 totaled $1,500.
4.?Journalize?and?post?the adjusting entries to the general ledger. These are the same adjustments that are recorded on the 6-column worksheet.
5. Prepare an income statement, statement of retained earnings, and a balance sheet for the year
? ? ended December 31, 2019.
6.?Journalize?and?post?the closing entries to the general ledger.
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett