188.
(1)Reconstruct the entries for the month ended February 28, 2008 from the T-accounts below. Record them as follows:
A – L Journal Entries
M- R Adjusting Journal Entries
(2)Balance and prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet from the T-Accounts.
(3)Prepare the four closing entries (S – V).
(4)Prepare the Post-Closing Trial Balance.
Cash
Accounts Receivable
Supplies
Prepaid Insurance
7000
1000
670
2400
700
585
360
200
600
350
2400
2500
50
400
930
Equipment
Accumulated Depreciation
Accounts Payable
Wages Payable
3000
30
670
125
Unearned Revenues
Capital Stock
Retained Earnings
Dividends
930
7000
400
450
3000
Fees Earned
Wages Expense
Rent Expense
Supplies Expense
700
360
600
350
1000
125
2500
585
450
InsuranceExpense
Depreciation Expense
Miscellaneous Expense
200
30
50
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more