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    mommyjuju4's Avatar
    mommyjuju4 Posts: 1, Reputation: 1
    New Member

    Aug 4, 2013, 11:32 AM
    accounting homework
    Download Big Ed's trial balance to begin preparing your adjusting and closing entries:

    Big Ed's Motorcycle Shop Trial Balance
    Following is the information you will need to make your adjusting entries:

    Office equipment has a life of five years with no residual value.
    Store equipment has a life of five years with no residual value.
    Shop equipment has a life of ten years with no residual value (assume new equipment was purchased Jan. 1.)
    A physical inventory of Merchandise Inventory, Parts revealed an actual balance of $97,000.
    A physical inventory of Merchandise Inventory, Motorcycles revealed that the balance was accurate.
    Office supplies in the amount of $1,500 were used throughout the year.
    Salaries should be accrued as follows:
    Sales - $3,000
    Service - $5,000
    Office - $1,500
    Insurance in the amount of $1,200 was used throughout the year.
    Interest on the Note Payable is 8% (assume new note was taken out on Jan. 1.)
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member

    Aug 4, 2013, 03:44 PM
    AMHD doesn't do homework. If you can't do the homework, how are you going to find employment and keep up with the work?

    If you post your answer(s) someone will come along and help you.

    And, yes, it's posted AMHD policy.

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