Act Hw

Chapter 3 3.1A 1. Journalize transactions 2. Post transaction data to the account book 3. Prepare a outpouring relief 4. Make wipeout of period adjustments 5. Prepare an adjusted spark advance balance 6. Prepare financial statements 7. Journalize and post the closing entries 8. Prepare an by and by closing trial balance 3.1B Information produced through the be hertz is used by companys management and employees to furbish up accountability for the assets and/or transactions under an individuals control, keeping queer of routine patronage activities, obtaining detailed information approximately a particular transaction, evaluating efficiency and performance of various departments at bottom the organization, maintaining documentary film evidence of the companys business activities, and help stir decisions. 3.3A Jan 18 capital30,000 Capital Stock30,000 Issued capital deport Jan 22 Cash20,000 Notes due20,000 For borrowing 20,000 from bank via note s Jan 23 Radio Ad toll100 Cash100 For paying radio advertisement Jan 25 Cash1000 operate taxation1000 tax for provided services to client in exchange for coin Jan 26 Accounts Receivable2000 Services Revenue2000 Provided service to client in exchange for cash Jan 31 Cash800 Accounts Receivable800 3.

3B Cash| Debit| Credit|  Jan 18: 30,000Jan 22: 20,000Jan 25: 1,000Jan 31: 800 51,800|  Jan 23: 100| remainder:51800-100=51700 (Debit) 3.5 RE=NI-D; NI=R-E; REprev+NI-DIV=Renew NI=100,000-60,000=40,000 D=5000 75000+40000-5000=110,000 Chapter 4 4.3 3/31 Shown work Supplies600 Cash600 Total supplies=900+600=1500 Used 400; 1500-400=1100 (supplies on hand) Supplies Expense1100 S! upplies on hand1100 4.4 A Dep life=8 yrs Dep per period=cost of asset/est useful life=72000/8 yrs=9000* (1 yr/12 mo)=$750/mo Dec 31, 2011 depreciation Expense750 Accum Depreciation750 Recording Depreciation disbursement for Dec 4.4B. Jan 2-Dec 31=6 years (Jan 06-Jan 11)...If you want to get a full essay, order it on our website: OrderEssay.net

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