[KristeSimmons]

I have attempted these questions several times and I just do not get the concepts.. can anyone help?
. April 1 inventory 50 units at 35$
April 5 sale 40 units
April 14 purchase 60 units at 36$
April 21 sale 35 units
April 23 sale 10 units
April 30 purchase 75 units at 38$

* The business maintains a perpetual inventory system, costing by the FIFO method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale.

2. The following units of a particular item were available for sale during the year

Beginning inventory 150 units at 75$
Sale 120 units at 125$
First purchase 400 units at 78$
Sale 200 units at 125$
Second purchase 300 units at 80$
Sale 290 units at 125$

* The firm uses the perpetual inventory system and there are 240 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to a) FIFO b) LIFO

Chp3
3. The balance in the supplies account before adjustment at the end of the year is 1,736 Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is 813$

4. The balance in the prepaid insurance account before adjustment at the end of the year is $11,500. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment. a) the amount of insurance expired during the year is 8,750. b) the amount of unexpired insurance applicable in future periods is 2,750.

5. The balance in the unearned fees account before adjustment at the end of the year is 38,375.Journalize the adjusting entry required if the amount of unearned fees at the end of the year is 17,200.

6. The balance in the unearned fees account before adjustment at the end of the year is 112,790. Of these 69,735 have been earned. In addition 13,200 of fees have been earned but have not been billed. Journalize the adjusting entries a) to adjust the unearned fees account and b) to record the accrued fees.

Ch.4

7. The balances for the account listed below appear in the adjusted trial balance columns of the end of period spreadsheet. *Indicate whether each balance should be extended to a)an income statement column or b) balance sheet column
a. accounts payable
b. accounts recievable
c. cash
d.dean pinkerton, drawing
e.fees earned
f. supplies
g.unearned rent
h. utilities expense
I. wages expense
j. wages payable

8. The following account balances were taken from the adjusted trial balance for 3 Rivers Messenger Service, a delivery service firm for the current fiscal year ended Sept. 30, 2010.

Depreciation expense 8,000
Fees earned 425,000
Insurance expense 1,500
Misc. Expense 3,250
Rent expense 60,500
Salaries expense 213,800
Supplies expense 2,750
Utlities expense 23,200
* Prepare an income statement.

[morgaine300]

This is an awful lot of work to expect someone else to do or explain. If you've made attempts to do them, can you at least post what those attempts were and then maybe someone can go through them. (Better yet, a separate post for each problem.) Otherwise someone either just has to do your homework for you, or explain what looks to be about 4 different chapters in one post.

[ehstt]

I have a question on the trial balance where Prepaid Rent is $9000, for 3 months, Acct No. 115.
Rent Expense is given $2293, Acct No. 505.
To make adjustments at the end of the first month they had given additional accounts and Rent Expense has another account no. 511.
Do I add the $3000 for the first month to the $2293 and ignore making another Account Title or will Rent Expense have 2 Accounts?