M4 Assignment Module 3: The Unadjusted Trial Balance

Question

M4 Assignmentmodule 3 Assignmentthe Unadjusted Trial Balance For Smit

M4 Assignment Module 3 Assignment: The unadjusted trial balance for Smith Constructions and the information needed for the month-end adjustments follows. Insurance coverage remaining at May 31 $1,000 Supplies used during the month $800 Depreciation on the equipment was $2,400 Accrued utilities expense was $200 for the month. This will be paid in June Accrued wages at May 31 were $1,000 Revenues still unearned at month end were $2,000 Smith Construction Unadjusted Trial Balance 31-May Account Debit Credit 10. Cash 47,. Accounts Receivable 8,. Prepaid Insurance 1,. Supplies 1,. Equipment 24,. Tools 1,. Accounts Payable . Unearned Revenue 7,. Common Stock 42,. Dividends 3,. Service Revenue 51,. Salary Expense 10,. Rent Expense 2,. Repair Expense 1,000 Total 101,,200 Requirements: 1 Prepare the adjusting entries. Date Accounts Post Ref. Debit Credit 2 Prepare the adjusted trial balance. Smith Construction Adjusted Trial Balance 31-May Account Debit Credit M5 Assignment Module 3 Assignment: The adjusted trial balance for Smith construction for the period ending May is as follows: Smith Construction Adjusted Trial Balance 31-May Account Debit Credit 10. Cash 47,. Accounts Receivable 8,. Prepaid Insurance 1,. Supplies . Equipment 24,.

Accumulated Depreciation equipment 2,. Tools 1,. Accounts Payable . Unearned Revenue 2,. Wages Payable 1,. Common Stock 42,. Dividends 3,. Service Revenue 56,. Salary Expense 11,. Depreciation Expense 2,. Rent Expense 2,. Repair Expense 1,. Supplies Expense . Insurance Expense . Utilities Expense 200 Total 104,,800 Requirements: 1 Prepare the Income Statement for the period ending May for Smith Construction. Smith Construction Income Statement For the period Ended March 1 through May Prepare the Statement of Retained Earnings for Smith Construction for the Month of May. Smith Construction Statement of Retained Earnings For the Period Ended March 1 through May Prepare the Balance Sheet for Smith Construction as of May 31, 2010. Smith Construction Balance Sheet May 31 ASSETS Liabilities STOCKHOLDER'S EQUITY 4 Prepare the three closing entries. Journal Date Accounts Post. Ref Debit Credit 5 Prepare the Post Closing Trial Balance. Smith Construction Post Closing Trial Balance 31-May Account Debit Credit

Dr. Jack HW Helper · Accepted Answer

M4 Assignmentmodule 3 Assignmentthe Unadjusted Trial Balance For Smit

M4 Assignment Module 3 Assignment: The unadjusted trial balance for Smith Constructions and the information needed for the month-end adjustments follows. Insurance coverage remaining at May 31 $1,000 Supplies used during the month $800 Depreciation on the equipment was $2,400 Accrued utilities expense was $200 for the month. This will be paid in June Accrued wages at May 31 were $1,000 Revenues still unearned at month end were $2,000 Smith Construction Unadjusted Trial Balance 31-May Account Debit Credit 10. Cash 47,. Accounts Receivable 8,. Prepaid Insurance 1,. Supplies 1,. Equipment 24,. Tools 1,. Accounts Payable . Unearned Revenue 7,. Common Stock 42,. Dividends 3,. Service Revenue 51,. Salary Expense 10,. Rent Expense 2,. Repair Expense 1,000 Total 101,,200 Requirements: 1 Prepare the adjusting entries. Date Accounts Post Ref. Debit Credit 2 Prepare the adjusted trial balance. Smith Construction Adjusted Trial Balance 31-May Account Debit Credit M5 Assignment Module 3 Assignment: The adjusted trial balance for Smith construction for the period ending May is as follows: Smith Construction Adjusted Trial Balance 31-May Account Debit Credit 10. Cash 47,. Accounts Receivable 8,. Prepaid Insurance 1,. Supplies . Equipment 24,.

Accumulated Depreciation equipment 2,. Tools 1,. Accounts Payable . Unearned Revenue 2,. Wages Payable 1,. Common Stock 42,. Dividends 3,. Service Revenue 56,. Salary Expense 11,. Depreciation Expense 2,. Rent Expense 2,. Repair Expense 1,. Supplies Expense . Insurance Expense . Utilities Expense 200 Total 104,,800 Requirements: 1 Prepare the Income Statement for the period ending May for Smith Construction. Smith Construction Income Statement For the period Ended March 1 through May Prepare the Statement of Retained Earnings for Smith Construction for the Month of May. Smith Construction Statement of Retained Earnings For the Period Ended March 1 through May Prepare the Balance Sheet for Smith Construction as of May 31, 2010. Smith Construction Balance Sheet May 31 ASSETS Liabilities STOCKHOLDER'S EQUITY 4 Prepare the three closing entries. Journal Date Accounts Post. Ref Debit Credit 5 Prepare the Post Closing Trial Balance. Smith Construction Post Closing Trial Balance 31-May Account Debit Credit

M4 Assignmentmodule 3 Assignmentthe Unadjusted Trial Balance For Smit

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