Attachment # 00007571 - ACC_201_Accounting_Cycle_Workbook1.xlsx
ACC_201_Accounting_Cycle_Workbook1.xlsx (324.23 KB)
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Peyton ApprovedGeneral Journal Entries DateAccountsDebitCreditAdjusting Journal Entries Trial BalanceUnadjusted trial balanceAdjusting entriesAdjusted trial balanceAccountBalance SheetAssetsLiabilities and Owners' EquityIncome StatementClosing Entries Statement of Retained EarningsCashNotes PayableBusiness License expCommon StockMisc. expenseBaking equipmentAdvertising expenseBaking suppliesMisc. suppliesRent expensePrepaid rentPrepaid insuranceadjAccounts payableSalary and wages expenseSalaries and wages payableTelephone expenseDividendsdepreciation expenseacc depbaking supplies expenseInterest expenseInterest payablemisc supplies expenseMerch. Inv. FIFOMerch. Inv. LIFOMerchandise Sales RevenueCOGS FIFOPurchasesSalesEnding InventoryInsurance expensedateRent ExpenseTelephone ExpenseAccounts PayableFIFOLIFODepreciation Expense accumulated depreciationPost Closing Trial BalanceUnadjusted Trial BalanceReversing Entries Sales – selling price, $8.50 a bottleAsset AccountsLiability AccountsAcct #Equity AccountsRevenue AccountsExpense AccountsBakery SalesMerchandise SalesBaking SuppliesBaking Supplies ExpensePrepaid RentPrepaid InsuranceInsurance ExpenseBaking EquipmentMisc. ExpenseMisc. SuppliesBusiness License ExpenseAdvertising ExpenseWages ExpenseWages PayableAccounts ReceivableThis chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page, this is simply a resource for you.For Qtr. Ending 9/30/2014As of September 30, 2014Accounts Rec.9/7: 10 bottles purchased at $6Merchandise Inventory (10 x $6)9/20: 20 bottles purchased at $6.10 Cash9/30: 25 bottles purchased at $6.05Purchased inventory9/15: 8 bottlesCash (8 x $8.50)9/24: 18 bottles Merchandise Sales RevenueRecord sale of inventoryCost of Goods Sold (8 X $6) Merchandise InventoryRecorded the cost of goods soldMerchandise Inventory (20 x $6.10 ) CashCash (18 x 8.50)Cost of Goods Sold (2 x $6)+(16 x $6.10)Merchandise Inventory (25 x $6.05)Record inventory reduction due to saleMerchandise Inventory (20 x $6.10)Cost of Goods Sold (18 x $6.10)weighted averageper unit Cost of Goods Sold (18 x $6.09)DrCrMerchandise Inventory COGS LIF0COGS Weighted Avg.Merch. Inv. Avg. COGS Accumulated DepreciationInterest Payable Interest ExpenseWORKBOOK TO COMPLETE THE 3-3 CHECKPOINT REQUIREMENTCONGRATULATIONS! YOU ARE NOW READY TO SUBMIT YOURCOMPLETION OF STEPS 5-7 DELIVERABLE:COMPLETION OF STEPS 1- 4 DELIVERABLE:WORKBOOK TO COMPLETE THE 4-3 CHECKPOINT REQUIREMENTCOMPLETION OF STEPS 8-11 DELIVERABLE:REQUIREMENTCOMPLETED WORKBOOK (STEPS 1 - 11)TO COMPLETE THE 6-2 CHECKPOINT Common StockContributed cash for common stockAccumulated Depreciation
ACC 201 Final project Part i

ACC 201 Final project Part i

Question # 00116263 Posted By: bdungrimes83 Updated on: 10/11/2015 07:19 PM Due on: 10/13/2015
Subject Accounting Topic Accounting Tutorials:
Question
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Need help with my Acc 201 project. Also this is the wage chart that goes with it.

Month

Hours

Rate

Pay

31-Jul

10

12

120

15-Aug

40

12

480

31-Aug

35

12

420

15-Sep

38

12

456

30-Sep

40

12

480

elp with my Acc 201 project.  Also this is the wage chart that goes with it.


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Attachments
ACC_201_Accounting_Cycle_Workbook1.xlsx (324.23 KB)
ACC_201_Accounting_Cycle_Report_Template.docx (31.63 KB)
fas_202_final_project_document.pdf (356.21 KB)
Tutorials for this Question
  1. spqr
    Tutorial # 00110726 Posted By: spqr Posted on: 10/11/2015 08:08 PM
    Puchased By: 3
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    The solution of ACC 201 Final project Part i...
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    Attachments
    ACC_201_Accounting_Cycle_Workbook1_(1).xlsx (438.39 KB)
    ACC_201_Accounting_Cycle_Reprt_(1).doc (56.5 KB)
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