accounting assignment need 90 495003

3/1/2013 72000 3/1/2013 72000 3/1/2013 4500 3/1/2013 3300 3/1/2013 7800 3/7/2013 900 3/7/2013 900 3/10/2013 2200 3/10/2013 2200 3/14/2013 1500 3/14/2013 1500 3/15/2013 4896 3/15/2013 4896 3/19/2013 450 3/19/2013 450 3/31/2013 5304 3/31/2013 5304 3/31/2013 1000 3/31/2013 1000 4/1/2013 375 4/1/2013 375 4/1/2013 7125 4/1/2013 7125 103550 103550 72000 6100 2200 5304 6100 5304 4500 1500 1000 4500 900 2200 1500 7125 900 900 5304 5304 72000 1000 0 0 0 0 0 0 0 General Journal Date Debit Credit Cash (111) Prepaid Insurance (117) Accounts Payable (212) Common Stock (311) Retained Earnings (312) Dividends (313) Insurance Expense (513) Trial Balance a) One month’s insurance has expired. Description(Account Name) Requirement #4: Prepare adjusting entries using the following information in the General Journal Requirement #5: Requirement #6: Adjusted Trial Balance Requirement #7: Income Statement Statement of Retained Earnings Balance Sheet Requirement #8: Trial Balance for your closing entries. Description (Account Name) Requirement #9: Requirement #10: Post-Closing Trial Balance Posting is done poorly or not at all, leading to inaccurate or no trial balance. Posting has several errors leading to a trial balance with several errors. Posting is mostly correct leading to a mostly correct trial balance. Posting is correct leading to an accurate trial balance. One or fewer of four Financial Statements are prepared accurately and mostly in an appropriate format, three or all statements have some errors. Very Poor Poor Good Criteria Post the closing entries to the General Ledger T-accounts and compute ending balances. Just add to the balances that are already listed. Just add to the adjusted balances already listed. Post the adjusting entries to the General Ledger T-accounts and compute adjusted balances. Requirements Sheet in Workbook General Ledger Adjusting Entries Financial Statements Closing…