Using the information below, prepare the following entries. Then on a separate Word document, write an analysis and evaluation report.
1. Prepare adjusting entries.
2. Prepare closing entries.
3. Prepare a post-closing trial balance.
4. In a Word document, submit your analysis and evaluation of your created documents.
Please complete this section in Excel or Word and submit it to the appropriate dropbox.
You are to write out the journal entries in proper format and then write a post-closing trial balance in proper format.
Note that you are not being asked for a worksheet. You may use a worksheet to help you get the correct figures. However, the worksheet will not be graded.
If late work is accepted at all, it is subject to a penalty of as much as a letter grade a day.

The trial balance of Large Company, Inc. At the end of its annual accounting period is as follows:

LARGE COMPANY, INC.
Trial Balance
December 31, 2007

DEBIT CREDIT
Cash $4,000
Prepaid Insurance 1,600
Supplies 2,100
Equipment 20,000
Accumulated Depreciation, Equip $2,000
C. Large, Capital 19,000
C. Large, Withdrawals 2,000
Revenue 33,000
Salaries Expense 18,300
Rent Expense 6,000
Totals $54,000 $54,000


Additional information:
1. Expired insurance, $600.
2. Unused supplies, per inventory, $800.
3. Estimated depreciation, $1,000.
4. Earned but unpaid salaries, $700.

God, you are good copying your homework. BUT NO, we won't do it for you.

Actually it's a review question to help me study for a huge test and boards. I did the question and would like to see if I got it right and have a discussion with someone who majors in accounting about a few things. Thanks for the sarcasm and if you don't like the questions people post on "ASK" me help desk- then unsubscribe- JERK!

I've posted questions like this and have had people help answer them and discuss things- its called leanring and studying. Be respectful- because your ruining this tool for EVERYONE!

If you did the work, why not post it or at least some of your answers? Do you really expect someone to do a Word document as is requested? I/We help people all the time but not without some labor input from the one asking the question.

I didn't expect a word document to be done. I had just copied it from the review book online and posted it- I did most of the work above in the next submission I posted. I ask you to not be so inconsiderate of the tool that is provided. Instead of hastily posting rude comments on answers, I suggest you use the ASK center as intended. If you don't have an answer or a suggestion besides the rude and unnecessary above- then move on to something else- You are making my time spent at this unworthy and I refuse to deal with. Suggestion- if you don't like the question- Don't ANSWER IT!