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    schoolmeans's Avatar
    schoolmeans Posts: 3, Reputation: 1
    New Member
     
    #1

    Feb 10, 2010, 09:48 PM
    Use this template to journalize the closing entries for Goode Company at April 30,
    Ok I have an appendix f that has 3 parts to fill in with the reading information provided but I have no clues where it goes can anyone figure this out and help me?!


    Cash 13,752
    Accounts Receivable 7,840
    Prepaid Rent 2,280
    Equipment 23,050
    Accumulated Depreciation 4,921
    Notes Payable 5,700
    Accounts Payable 5,672
    Common Stock 25,000
    Retained Earnings 5,960
    Dividends 3,650
    Service Revenue 15,590
    Salaries Expense 10,840
    Rent Expense 760
    Depreciation Expense 671
    Interest Expense 57
    Interest Payable 57
    Totals 62,900 62,900
    Instructions
    Complete the worksheet.
    E4-3 Worksheet data for Goode Company are presented in E4-2. No common stock was issued
    During April.
    Instructions
    Prepare an income statement, a retained earnings statement, and a classified balance sheet.
    E4-4 Worksheet data for Goode Company are presented in E4-2.
    Instructions
    (a) Journalize the closing entries at April 30.
    (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts.
    (c) Prepare a post-closing trial balance at April 30.
    E4-5 The adjustments columns of the worksheet for Mears Company are shown below.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 11, 2010, 02:56 AM

    Principles of Accounting Chapter 4

    See if this helps. It's just a textbook basically - no way to know if it's any better than the one you're using.

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