Based on this information can anyone assist in formatting

Assignment Help Accounting Basics
Reference no: EM13584664

Based on this information, can anyone assist in formatting the adjusted trial balance in the format provided below. Here is the information and format: During its first month of operation, the Flower Landscaping Corporation, which specializes in residential landscaping, completed the following transactions. March 1 Began business by making a deposit in a company bank account of $72,000, in exchange for 7,200 shares of $10 par value common stock. March 1 Paid the current month's rent, $4,500. March 1 Paid the premium on a 1-year insurance policy, $3,300. March 7 Purchased supplies on account from Parkview Company, $900. March 10 Paid employee salaries, $2,200. March 14 Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance was placed on account. Payments will be $375.00 per month for 20 months. The first payment is due 4/1.

Note: Use accounts payable for the balance due. March 15 Received cash for landscaping revenue for the first half of March, $4,896. March 19 Made payment on account to Parkview Company, $450. March 31 Received cash for landscaping revenue for the last half of March, $5,304. March 31 Declared and paid cash dividend of $1,000. Prepare an adjusted trial balance and post closing entries in proper format in the space below. Flower Landscaping Corporation Adjusted Trial Balance March 31 Prepare the closing entries at March 31 in the General Journal below. Hint: Use the balances for each account which appear on the Adjusted Trial Balance for your closing entries. General Journal Date Description Debit Credit Requirement #9:Post the closing entries to the General Ledger T-accounts and compute ending balances. Just add to the adjusted balances already listed.

Reference no: EM13584664

Questions Cloud

Travel status requires that the taxpayer be away from home : travel status requires that the taxpayer be away from home overnight. i what does away from home overnight mean? ii
Unfortunately sometimes small business owners do not fully : unfortunately sometimes small business owners do not fully understand the importance of maintaining good records and
If the population standard deviation of the lifetime of : if the population standard deviation of the lifetime of washing machines is estimated to be 900 hours how large a
Aussion on the process by which a search warrant : a senior federal agent is assigned as the division training officer responsible for providingcoordinating in-service
Based on this information can anyone assist in formatting : based on this information can anyone assist in formatting the adjusted trial balance in the format provided below. here
Sketch a diagram of the total pressure in the container as : a constant volume container holds an equilibrium mixture of cl2g pcl3g and pcl5g gases which have partial pressures
Construct a 95 confidence interval estimate for the : a university planner is interested in determining the percentage of spring semester students who will attend summer
Damien not a dealer in real estate sold real estate with a : damien not a dealer in real estate sold real estate with a basis of 250000 for 500000 cash a note for 250000 and the
The gas is cooled back to 250degc and at the same time the : consider a simple cylinder and piston used to perform experiments on gases. the trapped volume under the piston

Reviews

Write a Review

Accounting Basics Questions & Answers

  Suppose the during the first month of the year 3750

stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year stillwater rebuilt 7500

  Assume a ten-year life and a 10 internal rate of return

assume polaris invested 2.12 million to expand its manufacturing capacity. assume that these projects have a ten-year

  The dates of importance in connection with a cash dividend

the dates of importance in connection with a cash dividend of 65000 on a corporations common stock are january 15

  Calculate goodwill in acquisition

Compute the total amount of goodwill of International Co. based on the price paid by Melissa Co. Prepare all journal entries in Melissa's accounting records relating to the investment for year ended December 31 under the cost method of accounting, ..

  The buyer who purchases and takes ownership of

1 the buyer who purchases and takes ownership of anothercompanys accounts receivable is called aa payerb pledgorc

  A major drug company anticipates that in future years it

a major drug company anticipates that in future years it could be involved in litigation regarding perceived side

  Occurrance of future taxable amount

At the December 31, 2010 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2011, a future taxable amount will occur and

  Differentiate restricted funds in nonprofits and governments

Differentiate between accounting for restricted funds in nonprofits and governments. Examine some of the possible reasons GASB issued statement 54 clarifying the reporting and classification of funds for governmental accounting.

  Landow industries uses a job-order cost system the company

landow industries uses a job-order cost system. the company applies manufacturing overhead to jobs using a

  Calculate the missing amounts for each of the following

calculate the missing amounts for each of the following firms negative amount should be indicated by a minus sign. do

  Assume the role of an internal auditor

Assume the role of an internal auditor who has been asked to identify a minimum of threehigh quality propositions that management can implement to establish a tone at the top that conveys a commitment to integrity and ethical values.

  Manufacture a product income

A company can sell all the units it can produce of either Product A or Product B but not both. Product A has a unit contribution margin of $16 and takes two machine hours to make and Product B has a unit contribution margin of $30 and takes three ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd