Ch 4 Assignment – Due- ACG2001 PRINC ACCT

       

    

     

        

    

 

                

Using Microsoft Excel complete the following:
A. Prepare the necessary closing entries as of December 31, 2011
B. Post the closing entries to the selected ledger accounts.
C. Prepare a Post Closing Trial Balance.
Hints:	Only enter infromation in the cells with grey backgrounds.
In the general ledger and trail balance you will need to leave some grey cells blank.

Sheet1

4 Assignment

Prepare the necessary closing entries as of

Post the closing entries to the selected ledger accounts.

Prepare a Post Closing

.

as of December 31, 2011.

Trial Balance

575

600

49,886

A.

B.

Jack Smith, Capital

10,000

Bal.

C. Computer Services
December 31, 2011
Totals

Chapter

Name:

Instructions

Using Microsoft Excel complete the following:

A.

December 31, 2011

B.

C.

Trial Balance

Hints:

Only enter infromation in the cells with grey backgrounds.

In the general ledger and trail balance you will need to leave some grey cells blank.

Information

Below is the adjusted trial balance for Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper

Computer Services

Adjusted

Dr.

Cr.

Cash

8,405

Accounts Receivable

5,147

Supplies

2,

575

Prepaid Insurance

1,580

Equipment

6,000

Accumulated Depreciation – Equip

600

Accounts Payable

3,489

Salaries Payable

1,155

Unearned Rent Revenue

Jack Smith, Capital

10,000

Jack Smith, Drawing

4,500

Service Revenue

33,017

Rental Revenue

1,050

Depreciation Expense

Insurance Expense

680

Rent Expense

3,500

Salaries Expense

12,854

Supplies Expense

2,587

Utilities Expense

1,458

Totals

49,886

General Journal

ACCOUNT

DEBIT

CREDIT

General Ledger

Income Summary

7-1

Bal.

Post Closing Trail Balance

Debit

Credit

Sheet2

Sheet3