I need requirements 8 to 10, if you need to see requirements 1-7 and you dont wa
ID: 2548019 • Letter: I
Question
I need requirements 8 to 10, if you need to see requirements 1-7 and you dont want to do them you can find them on chegg cus they were already answered but I cannot put the link.
Requirements: 1) Using t Balanc Shoot information, ener h boginnin balances in the T-Accounts. 2) On the following sheet, use the Transaction Information to journalize entries, 1-10. 3) Post each entry into the T-Accounts. When finished journalizing, calculate the account balance for each T-Account. 4) Create an Unadjusted Trial Balance. 5) Journalize adjusting journal entries 1-4 6) Post Adjusting Journal entries to T-accounts 7) Prepare Adjusted Trial Balance 8) Prepare: a. Income Statement b. Statement of Owner's Equity c. Balance Sheet 9) Write the four closing entries, post them to the T-Accounts and determine the ending balance for each account. 10) Create the Post Closing Trial Balance from the T-accounts.Explanation / Answer
8.
9.
10.
Speedy Delivery Company Income statement for the month ended December 31, 2017 Service revenue 6100 Less: Expenses Wages Expense 800 Rent Expense 2000 Supplies Expense 700 Utilities Expense 450 Insurance Expense 300 Total Expenses 4250 Net Income 1850 Speedy Delivery Company Statement of owners' equity for the month ended December 31, 2017 Balance as at November 30, 2017 9760 Net income for December 2017 1850 Drawings during December 2017 -750 Balance as at December 31, 2017 10860 Speedy Delivery Company Balance sheet as at December 31, 2017 Assets Cash 4110 Accounts Receivable 5600 Supplies 400 Prepaid Insurance 3300 Total Assets 13410 Liabilities and owner's equity Accounts Payable 1450 Wages Payable 100 Unearned Service Revenue 1000 Total Liabilities 2550 Owner's capital 10860 Total Liabilities and owner's equity 13410