BE4-12The following selected accounts appear in the adjusted trial balance for Baden Company. Indicate the financial sta...
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BE4-12
The following selected accounts appear in the adjusted trial balance for Baden Company. Indicate the financial statement on which each account would be reported.
Identify financial statement for selected accounts.
(LO 6), K
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BE4-13
Using the data in BE4-12, identify the accounts that would be included in a post-closing trial balance.
Identify post-closing trial balance accounts.
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BE4-15
The required steps in the accounting cycle are listed in random order below. List the steps in proper sequence.
List required steps in the accounting cycle sequence.
(LO 8), K
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E4-13
This is a partial adjusted trial balance of Barone Company.
Analyze adjusted data.
(LO 1, 4, 5, 6), AN
BARONE COMPANY
Adjusted Trial Balance
January 31, 2014
Debit
Credit
Supplies
$ 700
Prepaid Insurance
1,560
Salaries and Wages Payable
$1,060
Unearned Service Revenue
750
Supplies Expense
950
Insurance Expense
520
Salaries and Wages Expense
1,800
Service Revenue
4,000
Instructions
Answer these questions, assuming the year begins January 1.
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E4-14
A partial adjusted trial balance for Barone Company is given in E4-13.
Prepare closing entries.
(LO 7), AP
Instructions
Prepare the closing entries at January 31, 2014.
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E4-16
The trial balances shown below are before and after adjustment for Bere Company at the end of its fiscal year.
Prepare adjusting entries from analysis of trial balance.
(LO 4, 5, 6), AP
BERE COMPANY
Trial Balance
August 31, 2014
Before Adjustment
After Adjustment
Dr.
Cr.
Dr.
Cr.
Cash
$10,900
$10,900
Accounts Receivable
8,800
9,400
Supplies
2,500
500
Prepaid Insurance
4,000
2,500
Equipment
16,000
16,000
Accumulated DepreciationâEquipment
$ 3,600
$ 4,800
Accounts Payable
5,800
5,800
Salaries and Wages Payable
0
1,100
Unearned Rent Revenue
1,800
800
Common Stock
10,000
10,000
Retained Earnings
5,500
5,500
Dividends
2,800
2,800
Service Revenue
34,000
34,600
Rent Revenue
12,100
13,100
Salaries and Wages Expense
17,000
18,100
Supplies Expense
0
2,000
Rent Expense
10,800
10,800
Insurance Expense
0
1,500
Depreciation Expense
0
1,200
$72,800
$72,800
$75,700
$75,700
Instructions
Prepare the adjusting entries that were made.
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E4-18
The adjusted trial balance for Bere Company is given in E4-16.
Prepare closing entries.
(LO 7), AP
Instructions
Prepare the closing entries for the temporary accounts at August 31.