Acc 557 Week 3 Assigment Chapter 4 (E4-5,e4-7,e4-13,p4-4A)

Front 1

ACC 557 Week 3 Assigment Chapter 4 (E4-5,E4-7,E4-13,P4-4A)

Back 1

Download answer at http://www.examtutorials.com/course/acc-557-week-3-assigment-chapter-4/
<b>Exercise 4-5</b>The adjustments columns of the worksheet for Munoz Company are shown below.<b>Adjustments</b><b>Account Titles</b><b>Debit</b><b>Credit</b>Accounts Receivable600Prepaid Insurance400Accumulated Depreciation—Equipment900Salaries and Wages Payable500Service Revenue600Salaries and Wages Expense500Insurance Expense400Depreciation Expense9002,4002,400<b>(a)</b> Prepare adjusting entries in order presented in the problem. <b><i>(Credit account titles are automatically indented when amount is entered. Do not indent manually.)</i></b><b><i>(b) Indicate with an "X" the financial statement column to which each balance should be extended</i></b><b>Exercise 4-7</b>Lanza Company had the following adjusted trial balance.<b>LANZA COMPANYAdjusted Trial BalanceFor the Month Ended June 30, 2014</b><b>Adjusted Trial Balance</b><b>Account Titles</b><b>Debit</b><b>Credit</b>Cash$3,712Accounts Receivable3,904Supplies480Accounts Payable$1,556Unearned Service Revenue160Common Stock4,000Retained Earnings1,760Dividends600Service Revenue4,300Salaries and Wages Expense1,344Miscellaneous Expense180Supplies Expense1,900Salaries and Wages Payable344$12,120$12,120(a)Prepare closing entries at June 30, 2014. <b><i>(Credit account titles are automatically indented when amount is entered.</i></b><b><i>Do not indent manually.)</i></b>*(b)Prepare a post-closing trial balance.<b>Exercise 4-13</b>Kogan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.<b>1.</b>A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.<b>2.</b>The purchase of supplies on account for $380 was debited to Equipment $38 and credited to Accounts Payable $38.<b>3.</b>A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.Prepare the correcting entries. <b><i>(Credit account titles</i></b><b>Problem 4-4A</b>Excelsior Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.<b>(a)Prepare a complete worksheet</b><b>(b)</b><i>The parts of this question must be completed in order. This part will be available when you complete the part above.</i><b>(c) & (d)</b><i>The parts of this question must be completed in order. This part will be available when you complete the part above.</i><b>(e)</b><i>The parts of this question must be completed in order. This part will be available when you complete the part above.</i>
http://www.examtutorials.com/course/acc-557-week-3-assigment-chapter-4/Download answer at https://www.examtutorials.com/course/acc-557-week-3-assigment-chapter-4/
<b>Exercise 4-5</b>The adjustments columns of the worksheet for Munoz Company are shown below.<b>Adjustments</b><b>Account Titles</b><b>Debit</b><b>Credit</b>Accounts Receivable600Prepaid Insurance400Accumulated Depreciation—Equipment900Salaries and Wages Payable500Service Revenue600Salaries and Wages Expense500Insurance Expense400Depreciation Expense9002,4002,400<b>(a)</b> Prepare adjusting entries in order presented in the problem. <b><i>(Credit account titles are automatically indented when amount is entered. Do not indent manually.)</i></b><b><i>(b) Indicate with an "X" the financial statement column to which each balance should be extended</i></b><b>Exercise 4-7</b>Lanza Company had the following adjusted trial balance.<b>LANZA COMPANYAdjusted Trial BalanceFor the Month Ended June 30, 2014</b><b>Adjusted Trial Balance</b><b>Account Titles</b><b>Debit</b><b>Credit</b>Cash$3,712Accounts Receivable3,904Supplies480Accounts Payable$1,556Unearned Service Revenue160Common Stock4,000Retained Earnings1,760Dividends600Service Revenue4,300Salaries and Wages Expense1,344Miscellaneous Expense180Supplies Expense1,900Salaries and Wages Payable344$12,120$12,120(a)Prepare closing entries at June 30, 2014. <b><i>(Credit account titles are automatically indented when amount is entered.</i></b><b><i>Do not indent manually.)</i></b>*(b)Prepare a post-closing trial balance.<b>Exercise 4-13</b>Kogan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.<b>1.</b>A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.<b>2.</b>The purchase of supplies on account for $380 was debited to Equipment $38 and credited to Accounts Payable $38.<b>3.</b>A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.Prepare the correcting entries. <b><i>(Credit account titles</i></b><b>Problem 4-4A</b>Excelsior Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.<b>(a)Prepare a complete worksheet</b><b>(b)</b><i>The parts of this question must be completed in order. This part will be available when you complete the part above.</i><b>(c) & (d)</b><i>The parts of this question must be completed in order. This part will be available when you complete the part above.</i><b>(e)</b><i>The parts of this question must be completed in order. This part will be available when you complete the part above.</i>
https://www.examtutorials.com/course/acc-557-week-3-assigment-chapter-4/

Front 2

About ExamTutorials?

Back 2

Examtutorials.com is a commerical website helps the students in assignment solutions.

Front 3

Why you choose Examtutorials.com?

Back 3

High Quality, Fresh Online Study and more