Accounting assignment help (Excel)

  

Accounting
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Brief Exercise 4-5
Your answer is partially correct. Try again.
The ledger of Rios Company contains the following balances: Owner’s Capital $29,670; Owner’s
Drawings $1,861; Service Revenue $49,784; Salaries and Wages Expense $28,180; and Supplies
Expense $7,788.
The closing entries are as follows:
(1)
Close revenue accounts.
(2)
Close expense accounts.
(3)
Close net income/(loss).
(4)
Close drawings.
Post the closing entries in the order presented in the problem and use the numbers as a reference.
Salaries and Wages Expense
Supplies Expense
Service Revenue
Owner’s Drawings
Income Summary
Owner’s Capital
Brief Exercise 4-10
Your answer is partially correct. Try again.
The balance sheet debit column of the worksheet for Hamidi Company includes the following accounts:
Accounts Receivable $12,444; Prepaid Insurance $4,312; Cash $4,609; Supplies $5,535, and Debt
Investments (short-term) $5,468.
Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (List
current assets in order of liquidity.)
HAMIDI COMPANY
Partial Balance Sheet
$
$
Exercise 4-1
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The trial balance columns of the worksheet for Nanduri Company at June 30, 2014, are as follows.
NANDURI COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Account Titles
Dr.
Cash
2,250
Accounts Receivable
2,508
Supplies
1,832
Accounts Payable
Cr.
1,018
Unearned Service Revenue
366
Owner’s Capital
2,574
Service Revenue
3,359
Salaries and Wages Expense
618
Miscellaneous Expense
109
Total
7,317
7,317
Other data:
1.
A physical count reveals $566 of supplies on hand.
2.
$104 of the unearned revenue is still unearned at month-end.
3.
Accrued salaries are $248.
Complete the worksheet.
NANDURI COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial
Balan
Adjustments
Adj. Trial Balance Income Statement
Balance Sheet
ce
Account
C
Dr
Titles
r.
Dr
Cr.
Dr
Cr.
Dr
2,2
50
Cash
Accounts
2,5
Receivab
08
le
Supplies
1,8
32
Accounts
Payable
Unearne
d Service
Revenue
Owner’s
Capital
Service
Revenue
Salaries
and
618
Wages
Expense
Miscellan
eous
109
Expense
7,3
Totals
17
Supplies
Expense
Salaries
and
Wages
Payable
Totals
Net
Income
Totals
Exercise 4-9
Exercise 4-9 (Part level Submission)
The adjusted trial balance for Plevin Company.
PLEVIN COMPANY
Adjusted Trial Balance
July 31, 2014
No.
112
Account Titles
Accounts Receivable
Debit
9,363
Credit
Cr.
Dr
Cr.
157
Equipment
15,563
158
Accumulated Depreciation-Equip.
201
Accounts Payable
208
Unearned Rent Revenue
301
Owner’s Capital
306
Owner’s Drawings
400
Service Revenue
429
Rent Revenue
711
Depreciation Expense
726
Salaries and Wages Expense
55,821
732
Utilities Expense
15,119
$7,674
4,481
1,768
44,121
16,108
63,869
6,021
7,127
$127,934
$127,934
Prepare an owner’s equity statement for the year. Plevin did not make any capital investments during
the year. (List items that increase owner’s equity first.)
PLEVIN COMPANY
Owner’s Equity Statement
For the Year Ended July 31, 2014
$
:
$
Exercise 4-11 (Part level Submission)
Selected accounts for Heather’s Salon are presented below. All June 30 postings are from closing
entries.
Salaries and Wages Expense
6/10
3,446 6/30
6/28

5,447
8,893
Supplies Expense
6/12
576 6/30
1,430
6/24
854
Service Revenue
6/30
17,939 6/15
9,567
6/24
8,372
Rent Expense
6/1
2,964 6/30
2,964
Owner’s Capital
6/30
2,935 6/1
6/30
Bal.
11,797
4,652
13,514
Owner’s Drawings
6/13
1,219 6/30
6/25
1,716
2,935
(a)
Your answer is partially correct. Try again.
Prepare the closing entries that were made. (Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
June 30
(To close revenue account.)
June 30
(To close expense account.)
June 30
(To close net income / (loss).)
June 30
(To close drawings.)

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