1. accounting

    List the following steps of the accounting cycle in their proper order a. Preparing the post closing trial balance b. postint the journal entries c. journalizing and posting adjusting entries d. preparing the adjusted trial balance e. journalizing and
  2. accounting

    List the following steps of the accounting cycle in their proper order a. Preparing the post closing trial balance b. postint the journal entries c. journalizing and posting adjusting entries d. preparing the adjusted trial balance e. journalizing and
  3. acct. correction

    can someone correct these for me thanks. for the accounting cycle. i have to place these in order. a) Posting the journal entries b) Journalizing and posting adjusting entries c) Preparing the adjusted trial balances d) Journalizing and posting closing
  4. account. question

    Is this correct are the steps correct for the accounting cycle. They gave a list the list says the following: a)Preparing the post-closing trial balance b) posting the journal entries c)journalizing and posting adjusting entries d)preparing the adjusted
  5. accouting class

    Is this order correct for the accouting cycle: 1. Analyzing transactions and events 2. Journalizing transactions and events 3. Posting the journal entries 4. Preparing an unadjusted trial balance 5. Journalizing and posting adjusting entries 6. Preparing
  6. Acc 280

    Is posting and preparing the closing entries the same? If not how do you post the closing entries? Also what is a post closing trial balance?
  7. accounting

    P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 31, 2008 Adjusted Account Trial Balance No. Account Titles Dr. Cr. 101 Cash 18,800 112 Accounts Receivable
  8. accounting

    Preparing closing entries and a post-closing trial balance for Exercise E4-3 I need help with this
  9. accounting

    how do i record adjusting and closing entries for a service business? how do i do a post-closing trial balance?
  10. accounting principles

    Success Systems had the following transactions and events in December 2015: Dec. 2 Paid $1,200 cash to Hilldale Mall for Success Systems’ share of mall advertising costs. 3 Paid $500 cash for minor repairs to the company’s computer. 4 Received $7,000
  11. accounting

    E4-19 On December 31, the adjusted trial balance of Oslo Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that adjusting entries were
  12. accounting

    How do I make general journal entries from a adjusted trial balance?
  13. Anonymous

    For Pose for Pics, prepare journal entries, T-accounts and a trial balance Pose for Pics Preparing journal entries and trial balances Exercise 2-4 Prepare general journal entries for the following transaction of a new business called Pose for Pics. (please
  14. Please help!!!!Accounting

    . Leng Xiong is unable to reconcile the bank balance at January 31. Leng’s reconciliation is shown here. Cash balance per bank $3,660.20 Add: NSF check 370.00 Less: Bank service charge 25.00 Adjusted balance per bank $4,005.20 Cash balance per books
  15. Accounting

    Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance. May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts
  16. Accounting

    Could someone please look this over and tell me if I have this correct? I am not confident in the Trial Balance.  May 1 Cash 101 25,000 Common Stock 311 25,000 3 Supplies 126 2,500 Accounts Payable 201 2,500 7 Rent Expense 729 900 Cash 101 900 11 Accounts
  17. Accounting question

    How are posting procedures for closing entries and for other general journal entries different?
  18. accounting

    comprehensive problem perpetual In this project, follow the steps of the accounting cycle to process given transactions in a business environment. Then, synthesize special journals, a trial balance, financial statements, and a post closing trial balance.
  19. accounting280

    Instructions Enter the trial balance on a worksheet and complete the worksheet. E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows. GOODE COMPANY Worksheet (partial) For the Month Ended April 30, 2008 Adjusted Trial
  20. accounting

    Wilson Reed, the bookkeeper for Home Interior Improvements and Designs Company, has just finished posting the closing entries for the year to the ledger. He is concerned about the following balances: Capital account balance in the general ledger: $ 48,550
  21. Accounting 225

    Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; H. Paris, Capital; Photography Fees Earned; and Utilities Expense. Post the
  22. Accounting

    Flip Company's December 31, 2014 trial balance is as follows: Flip Corporation Trial Balance December 31, 2014 Account Debit Credit Cash $43,500 Accounts Receivable 54,500 Allowance for Doubtful Accounts 500 Notes Receivable 30,000 Merchandise Inventory
  23. accounts

    Analyze the transactions and do the following:- 1. Post to T Accounts 2. Prepare a Chart of Account 3. Record in the General Journal 4. Post to the General Ledger 5. Prepare a Trial Balance 6. Prepare a Six Column Worksheet 7. Prepare an Income Statement
  24. Accounting Concepts

    To close the accounting cycle for Joe Smith's business, complete the following: Journalize and post the adjusting entries for Joe's business. Make the following adjusting entries: (Note: you may need to create additional ledger accounts) Adjustment for
  25. acc 280

    P3-1 A Tony Masasi started his own consulting firm, Masasi Company, Inc., on June 1, 2008. The trial balance at June 30 is shown on page 129. MASASI COMPANY, INC. Trial Balance June 30, 2008 Account Number Debit Credit 101 Cash $7,150 112 Accounts
  26. accounting

    P4-2A Gil Vogel started his own consulting firm, Vogel Consulting, on June 1, 2012. The trial balance at June 30 is as follows. VOGEL CONSULTING Trial Balance June 30, 2012 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Prepaid Insurance 2,880
  27. Accounting

    Use the following information to complete the partial worksheet for Bill’s Company. Record the appropriate adjusting entries using the data below and extend the balances over to the adjusted trial balance columns. Merchandise inventory—ending $10 Store
  28. accounting

    The following are examples of errors that will not be revealed by a trial balance: (a) errors of omission (b) incorrect total on trial balance (c) posting to the wrong account (d) compensating errors (e) The balance of a general ledger account has been
  29. accounting URGENT HELP DUE IN 1HR

    (a) Fill in the missing amounts. (If answer is zero, please enter 0. Do not leave any fields blank.) Account Titles Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Accounts Receivable 34,000 Prepaid Insurance 26,000 20,000 Supplies 7,000 Accumulated
  30. Accounting

    What is the relationship between the amounts on the adjusted trial balance for an account and its ledger? Why is it necessary to prepare the formal financial statements if all the data are on the adjusted trial balance? I am having problems finding the
  31. Accounting- Help Please

    Accounting Help-Preparing and posting journal entries; and preparing a trial balance.? Shelton Engineering completed the following transaction in the month of June. Received a bill for rent of equipment that was used on a recently completed job. The 1,200
  32. accounts

    Practical accounts quedtion with minimum 20 journal enteries,ledger,cash book,trial balance,adjusted trial balance,income statement,and balance sheet with solution
  33. Math (Finance)

    What is the purpose of the post-closing trial balance? Explain where the information for the post-closing trial balance comes from.
  34. Accounting

    Julie Molony opened Julie's Maids Cleaning Service on July 1, 2010. During July, the company completed the transactions. July 1 Invested $14,000 cash in the business 1 Purchased a used truck for $10,000 paying $3,000 cash and the balance on account. 3
  35. journal entries and trail balances

    Prepare an August 31 trial balance for Pose-for Pics.
  36. Accounting

    Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30.
  37. accounting

    Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30.
  38. bookkeeping

    Worksheet (Use the information from the trial balance in Exam Figure 2. Write the worksheet information on the form in Exam Figure 1.) You’ll need the following adjustment information: a. P. Woodsley counted the supplies on May 31 and found that the
  39. Accounting question

    my question is..... how or what are the steps to preparing general journal entries.
  40. accounting

    hi i know this may sound stupid but i just need to clarify some things with general ledger and the trial balance. For example, i am given the post trial balance for ABC Ltd. These accounts which include cash, accounts receivable, accum dep... etc.., do i
  41. Accounting

    At the end of its first year, the trial balance of Riko Company shows Equipment $20,590 and zero balances in Accumulated Depreciation–Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,333. Prepare the adjusting entry for
  42. Math (Finance)

    The analysis process for preparing adjusting entries involves two basic steps. Identify the two steps and explain why both are necessary.
  43. Accounting?

    I need to post a journal entry and a trial balance. Can anyone help???
  44. accounting

    Enter the trial balance on a worksheet and complete the worksheet. E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows
  45. accounting (balance sheet, retained earnings...)

    Problem P3-5A On September 1, 2002, the account balances of Rijo Equipment Repair Corp. were as follows: Nbr: Debits Nbr: Credits 101 Cash $4,880 154 Accumulated depreciation $1,500 112 Accounts receivable 3,520 201 Accounts payable 3,400 126 Supplies
  46. accounting

    After the closing entries are posted to the ledger, each revenue account will have a zero balance: a. a zero balance, b. a debit balance, c. a credit balance, or d. either a debit or a credit balance.
  47. Accounting

    After the closing entries are posted to the ledger, each revenue account will have a zero balance: a. a zero balance, b. a debit balance, c. a credit balance, or d. either a debit or a credit balance.
  48. Accounting

    This is in regards to adjusting entries. If I own a hotel and In order to reserve a room you must pay $220.00 in advance, what type of adjusting entries do I make, How do I determine the amounts of the adjustments, and which accounts are affected?
  49. accounting

    Is there a method of determining if you debit or credit an account? How do you know if you should debit or credit a transaction? If it's a balance sheet accout you need to learn (and mrmorize) which side of the equation i't on, and it's normal balance.
  50. introducing to accounting

    After the closing entries are posted to the ledger, each revenue account will have a) zero balance. b)debit balance c) a credit balance d)either a debit or a credit balance. MY ANSWER IS D BUT I AM NOT SURE :)
  51. introducing to accounting

    After the closing entries are posted to the ledger, each revenue account will have a) zero balance. b)debit balance c) a credit balance d)either a debit or a credit balance. My answer is a) ,but I am not sure:)
  52. Financial Accounting

    On March 31 a post closing trial balance was completed On April 4, the business purchased a new truck on account. The residual value is $2400, and the estimated useful life is 5 years. How do I enter this information into a general journal? Do I even need
  53. accounting

    This is the question: "Use page 3 of the journal. Jornalize and post the adjusting entries." Can you tell me how to do that?
  54. accounting

    Your review of the general ledger of Home Interior Improvements and Designs Company reveals a beginning capital balance of $25,000. You also review the general journal for the accounting period and find the closing entries shown on the next page.Prepare a
  55. accounting help

    How to prepare this entries Preparing and posting journal entries; preparing a trial balance Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office equipment with a value
  56. accounting

    Question: Because Aqua Elite, Inc. is a new startup business, the beginning balances in all the general ledger accounts are zero to start. n The length of the accounting periods are three months using a fiscal calendar year. (A fiscal calendar is on a
  57. accounting

    I have the postclosing trial balance of the company from the previous month. I also have the AR closing & the AP closing numbers. Do these numbers get transfered into the new month general journal and ledger accounts as balances forward?
  58. accounting

    please help me to get the answers choices below just choice the letter provied. thanks a lot 1.Asset would be increased by : a.Debit to Prepaid Insurance b.Debit to expense c.Credit to Cash d.Debit to Notes Payable 2.Failure to record a bill from Meralco
  59. Accounting

    Complete the six-column table by entering adjustments that reflect the following information: a. As of December 31, 2005, employees had earned $900 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,600 of salaries will be
  60. Accounting

    This is for an accounting course doing adjusting entries.. The rental revenue represents the amount received for 11 months for dining facilities. The December rent has not yet been received. On the trial balance the amount for rental revenue is 17,600
  61. Accounting

    On Jan 1, 2009 the following activitis occurred: a) ICDI, a consulting services company, was orgainized and issed 10,000 shares of capita stock in exchange for $500,000 cash. b)UCDI entered into an agreement with a landlord and paid $60,000 or 6 months
  62. ACCOUNTING

    ANSWER THIS SURVEY ASAP: 1. A compound entry in the general journal is made to close expense accounts. True False 2. The entry to transfer net income to the owner's capital account would include a debit to the owner's capital account. True False 3.
  63. accounting

    Use the following adjusted trial balance of Webb Trucking Company to prepare a classified balance sheet as of December 31, 2005. Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . .
  64. college princ. of accounting II

    Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Round all answers to 0 decimal places.) The equipment depreciates at $250 per month.
  65. accounting

    what affect can the incorrect intentional or unintentional posting, journalizing and reporting of financial data have on a company, an accountant or a company's stakeholders?
  66. Accounting

    What affect can the incorrect (intentional or unintentional) posting, journalizing, and reporting of financial data have on a company, an accountant, or a company's stakeholders?
  67. Fianancial Accounting

    I am trying to prepare an unadjusted trial balance for Aqua Elite, Inc. I have done it twice and it doesnt balance. I am not sure I am doing the right calculations. The information is as follows: Because Aqua Elite, Inc. is a new startup business, the
  68. college accouting REALLY IMPORTANT PLEASE HELP =/

    On Jan 1, 2009 the following activitis occurred: a) ICDI, a consulting services company, was orgainized and issed 10,000 shares of capita stock in exchange for $500,000 cash. b)UCDI entered into an agreement with a landlord and paid $60,000 or 6 months
  69. Accounting

    The Account Cycle Bob night opened "The general's favorite Fishing Hole" The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on
  70. financial accounting

    Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. EVERETT CO. Trial Balance September 30, 2015 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $
  71. Financial Accouting

    Prepare a 10-column work sheet for fiscal year 2005, starting with the unadjusted trial balance and including adjustments based on these additional facts: a. The supplies available at the end of fiscal year 2005 had a cost of $3,200. b. The cost of expired
  72. accounting

    The adjusted trial balance columns of the worksheet for Porter Company are as follows
  73. Chem

    The following state were collected for determining the concentration of suspended solids in a water sample. (D= 1.01 g/mL). Express all calculated data with the correct number of significant figures. Volume of sample (mL): Trial 1: 25.0 trial 2: 20.0 trial
  74. chem

    The following state were collected for determining the concentration of suspended solids in a water sample. (D= 1.01 g/mL). Express all calculated data with the correct number of significant figures. Volume of sample (mL): Trial 1: 25.0 trial 2: 20.0 trial
  75. financial accounting

    I am preparing an adjusted trial balance and I have almost gotten my debits to equal my credits. I need to figure out how much to debit the equipment and how much to credit the accumulated depreciaton. To give you an idea of the gap between the two, my
  76. accounting

    BizKid Company’s adjusted trial balance on August 31, 2005, its fiscal year-end, follows:
  77. College Accounting

    How do the entries affect account balances and why both debit and credit entries can increase or decrease an account balance?
  78. Accouting

    Bob night opened "The general's favorite Fishing Hole" The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and
  79. CHEM

    The following data were collected for determining the concentration of suspended solids in a water sample. (D= 1.01 g/mL). Express all calculated data with the correct number of significant figures. Volume of sample (mL): Trial 1: 25.0 trial 2: 20.0 trial
  80. Accounting urgent

    Prepare the journal entries to record the following transactions on Panther Company’s books using a perpetual inventory system. (For multiple debit/credit entries, list accounts in order of magnitude.) (a) On March 2 Panther Company sold $853,700 of
  81. accounting

    Accrued salaries 1 Bill’s Company Partial Worksheet For the Year Ended December 31st, 2012 Account Titles Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Debit Credit Merchandise Inv. 16 Store Supplies 10 Store Equipment 20
  82. accounting

    hi,..!! i hope u can answer it,.. the following data are gathered prior to the preparation of the year end adjusting journal entries of IEMELIF enterprises: nature: last payment date: TAXES december 15, 20-7 ELECTRICITY december 22, 20-7 WATER december 10,
  83. accounting

    Prepare the journal entries for each transaction. Post to the ledger and prepare a trial balance. May 2 Purchased merchandise on account from Wendy Supply Co. P10,000 terms, 2/10,n/30 3 Sold merchandise for P4,500 terms P500 down balance 2/10,n/30. 4 Paid
  84. Trial Balance Sheet

    need help with trial balance for Masasi company for June 30,2008
  85. accounting

    The trial balance of Bair Company includes the following balance sheet accounts. Identify the accounts that require adjustment. For each account that requires adjustment, indicate (a) the type of adjusting entry (prepaid expenses, unearned revenues,
  86. accounting

    Nature’s Way, Inc., keeps one of its production facilities busy making a perfume called Essence de la Vache. The perfume goes through two processing departments: Blending and Bottling. The following incomplete Work in Process account is provided for the
  87. Accounting

    On July 1, 2011, ABC Grocers, Inc. purchased an investment in the 5 yr 10@ (stated rate) debt securities with a face value of $400,000 of Brighton Corporation, a publicly traded company. At the time of purchase the market interest rate for similar risk
  88. accounting class

    Prepare a post-closing trial balance at April 30, 2008 for Goode Company.You can place summation formulas to compute totals at the end of debit and credit columns. Otherwise, you can compute totals using a calculator, then enter totals directly.
  89. Accounting

    Even when the trial balance is in balance, there may be errors in the individual accounts. True or False?
  90. Accounting

    how do i do adjusting entries on a general journal Thank you for using the Jiskha Homework Help Forum. The following site has general Accounting Advice: http://www.lemoineandjames.com/gaap/73aje.html
  91. Accounting

    Please explain how I would go about doing this. Indicate which of the following transactions require entries to accounts used only for budgetary control purposes, even if other accounts also are involved. Prepare the general journal entries required.
  92. Accounting

    On June 1, Coble Company Ltd. borrows $64,000 from First Bank on a 6-month, $64,000, 9% note. The note matures on December 1. (List multiple debit/credit entries from largest to smallest.) a) Prepare the entry on June 1. b) Prepare the adjusting entry on
  93. Accounting

    I thought a post closing trial balance is when you list all your accounts and their credit/debit amount and then debits should match credits. When I do this they do not match. Is there something Im doing wrong? Cash in bank 4000 Accts Reciev 500 Accts
  94. acct

    which account will not appear on an after -closing trial balance?
  95. preparing t- accounts and trail balance

    can someone help me use the information in exercise 2-4 to prepare an august 31 trial balance of the owner invested 7,500 cash and 32500 of photographyequipment in the business. Paid 3,000 cash for an insurance policy covering the next 24 months Purchased
  96. Financial Accounting

    Prepare the general journal entries for the following transactions: Jan 2, 2011 -- Purchased land with a building on it for $750,000. The land is worth $300,000. Paid $150,000 cash down and signed a mortgage payable for the balance. Dec. 31,
  97. accounting

    You issue a $120,000 bond at par on March 31 due in 10 years that pays 11%. You pay interest on September 30. You pay off the bond ten years later. Assume that the company makes no adjusting entries. What journal entries should be recorded to issue the
  98. accounting

    imagine a business and its 50 transactions.. journalize it and also record it in subsidary books, post into ledger and prepare a trial balance... plzz help me...
  99. Intermediate Accounting I

    On January 1, 2007, the Accumulated Depreciation-Machinery account of a particular company showed a balance of $370,000. At the end of 2007, after the adjusting entries were posted, it showed a balance of $395,000. During 2007, one of the machines which
  100. accounting

    Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the business. b. Purchased land worth