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Part 1c: Prepare the Adjusted Trial Balance (i.e., use ending balances after the previous journal entries are posted) Credit December 31, 2017 Adjusted Trial balance Debit Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2017) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Delivery Expense Depreciation Expense Bad Debt Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax Expense Total Insert your assigned Adjusted Trial Balance HERE: Pages Foow Normal Heading 3 Heading 5 Heading 7 Heading 9 Find Upload a copy of ALL PAGES of the Financial Statement HW to the D2L dropbox. You must type the assignment. Insert your assigned unadjusted Trial Balance HERE: December 31, 2017 Unad usted Trial balance Cash 17 000 Monte 38000 Awan loro Short Term cevable 45,000 Presecev S2000 Lapad urance 000 Invertory 2800 SECO Egzomert 75.000 Acounted Deore Account Payne themed levere Wade Long Tm Neles Payabia Common Stock Ruandaming 2017 Dividende 2.000 42.000 12.000 14 2000 45600 518.DOC Sales Roma Allowance De Door Cont of 7.000 3.000 26.000 5.000 Deprecation Dad De Experte Espere neben ode 85.000 800 O Supe Revenge Lowon pen Income Tape To 0 500 73015 Foote 1 Page Break Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names). 1. On Dec 31, 2017 merchandise was sold on account for $16,500 with a cost of $5.500 terms 3/10 net 30. Account receivable 16,500 Sales 16,500 Cost of goods sold Inventory 5,500 5.500 2. The company issued a month. 12% interest note short-term note for the amount listed on the unadjusted trial balance on Oct. 1. 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31. 2017 interest Revenue Intan Raceivable 1.350 1.350 Youtube Translate Grammarly Crunchyfio Examples of Veles Seven Deadly Sie Search Alt - Normal Heading 3 Heading 5 Heading 7 Heading 9 o find Dictate Page Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names) 1. On Dec 31, 2017 merchandise was sold on account for $16,500 with a cost of $5,500 terms 3/10 net 30. Account receivable 16.500 Sales 16,500 Cost of goods sold 5,500 Inventory 5,500 2. The company issued a 6 month 12% interest note short-term note for the amount listed on the uradjusted trial balance on Oct. 1. 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31 2017. interest Revenue 1,350 interest Receivable 1.350 3. Uncollectable Accounts Receivables of 51.600 need to be written off for the year ended 2017 Allowance For doubt Account 1.600 Account Receivable 1,600 4. Management estimates that of the remaining accounts receivable balance 52.000 will be uncollectible. Record the adjustment based on this information. Hint Use the AFOA balance AJTER the above write off during 2017. Use an ATDA T-account! Bad Debit Expence 2,000 Allowance For doubtful Account 2.000 5. A piece of equipment was retired on D31, 2017. The equipment originally cost $34.000 and hat related A/D of $24,000 as of Jan 1, 2017 Additional depreciation of 53.000 needs to be recorded on this piece of equipment at Dec 31, 2017 Update the depreciation below. Then record the retirement Depreciation Expense 3.000 Accumulated Depreciation 2,000 I 6. Record the retirement of the equipment (from) including the flott Accumulated Depreciation 27,000 Loss on Disposal 7000 ment 14.000 Part 1b: Post the adjusting journal entries to t-accounts: Specific instructions Above each T-account, write the account name of each countleed by journal entry. Write in the unadusted tience for each of these accounts from 1)..the unustada might be a debita creditorer balance. Now you are ready to post your journes from 2 anto the corresponding accounts and then calculate dusted balance Part 1c: Prepare the Adjusted Trial Balance (i.e., use ending balances after the previous journal entries are posted) Credit December 31, 2017 Adjusted Trial balance Debit Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable Interest Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2017) Dividends Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Delivery Expense Depreciation Expense Bad Debt Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Revenue Loss on Disposal Interest Expense Income Tax Expense Total Insert your assigned Adjusted Trial Balance HERE: Pages Foow Normal Heading 3 Heading 5 Heading 7 Heading 9 Find Upload a copy of ALL PAGES of the Financial Statement HW to the D2L dropbox. You must type the assignment. Insert your assigned unadjusted Trial Balance HERE: December 31, 2017 Unad usted Trial balance Cash 17 000 Monte 38000 Awan loro Short Term cevable 45,000 Presecev S2000 Lapad urance 000 Invertory 2800 SECO Egzomert 75.000 Acounted Deore Account Payne themed levere Wade Long Tm Neles Payabia Common Stock Ruandaming 2017 Dividende 2.000 42.000 12.000 14 2000 45600 518.DOC Sales Roma Allowance De Door Cont of 7.000 3.000 26.000 5.000 Deprecation Dad De Experte Espere neben ode 85.000 800 O Supe Revenge Lowon pen Income Tape To 0 500 73015 Foote 1 Page Break Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names). 1. On Dec 31, 2017 merchandise was sold on account for $16,500 with a cost of $5.500 terms 3/10 net 30. Account receivable 16,500 Sales 16,500 Cost of goods sold Inventory 5,500 5.500 2. The company issued a month. 12% interest note short-term note for the amount listed on the unadjusted trial balance on Oct. 1. 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31. 2017 interest Revenue Intan Raceivable 1.350 1.350 Youtube Translate Grammarly Crunchyfio Examples of Veles Seven Deadly Sie Search Alt - Normal Heading 3 Heading 5 Heading 7 Heading 9 o find Dictate Page Part 1a: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names) 1. On Dec 31, 2017 merchandise was sold on account for $16,500 with a cost of $5,500 terms 3/10 net 30. Account receivable 16.500 Sales 16,500 Cost of goods sold 5,500 Inventory 5,500 2. The company issued a 6 month 12% interest note short-term note for the amount listed on the uradjusted trial balance on Oct. 1. 2017. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31 2017. interest Revenue 1,350 interest Receivable 1.350 3. Uncollectable Accounts Receivables of 51.600 need to be written off for the year ended 2017 Allowance For doubt Account 1.600 Account Receivable 1,600 4. Management estimates that of the remaining accounts receivable balance 52.000 will be uncollectible. Record the adjustment based on this information. Hint Use the AFOA balance AJTER the above write off during 2017. Use an ATDA T-account! Bad Debit Expence 2,000 Allowance For doubtful Account 2.000 5. A piece of equipment was retired on D31, 2017. The equipment originally cost $34.000 and hat related A/D of $24,000 as of Jan 1, 2017 Additional depreciation of 53.000 needs to be recorded on this piece of equipment at Dec 31, 2017 Update the depreciation below. Then record the retirement Depreciation Expense 3.000 Accumulated Depreciation 2,000 I 6. Record the retirement of the equipment (from) including the flott Accumulated Depreciation 27,000 Loss on Disposal 7000 ment 14.000 Part 1b: Post the adjusting journal entries to t-accounts: Specific instructions Above each T-account, write the account name of each countleed by journal entry. Write in the unadusted tience for each of these accounts from 1)..the unustada might be a debita creditorer balance. Now you are ready to post your journes from 2 anto the corresponding accounts and then calculate dusted balance

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