Summary Transactions Unadjusted Trail Balance Adjusted entries Trial Balance Income Statement Classified Balance Post Closing Trial Balance

Date Posted: 18/03/2013

Category: Mathematics
Due Date: 21/03/2013

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StudentsDelight 13 years, 6 months ago
Rated 8.69 earned 1544.00 around 26 assignments.

Hello friend I can help with this I am a CPA level 5 and are currently pursuing my masters in Risk manangement so am more than competent to handle this for you, accept my bid and I will get to you in the next twelve hours or so. Regards

$45.00

I am done with your work read it over and get back to me
User_2725 | Mar 19, 2013, 07:42 AM
Please leave a good rating, I finished within prescribed time, I am also competent in writing Research papers, English papers, History papers, Power point and IT. Basically I'm an all round nerd, so feel free to seek me out any time. Thank you
User_2725 | Mar 19, 2013, 07:55 AM
There are some errors that need to be fixed. 1D) Salaries Expense 20800 Salaries Payable ???? ????? ???? 2) COMPL 3) Office Supplies Expense A/c Dr ???? To Office Supplies A/c ???? 4)Supplies ????? Supplies Expense ????? 5) Supplies Expense ???? Total Expenses: ???? Net income (loss) ???? 5B) Supplies ???? Retained Earnings ????? 6) Service Revenue A/c Dr 61,000 ??????? 61,000 ?????? ???? To Salaries Expense A/c 21400 To Repairs & Main Expense A/c 11000 To Depreciation Expense A/c 2800 To Supplies Expense A/c ????? 7) Supplies ????? Retained Earnings ????
User_3036 | Mar 19, 2013, 09:07 AM
What let me have a look and get it back to you pronto ok???
User_2725 | Mar 19, 2013, 09:15 AM
Dear user 3036 below is a break down explanation on the issue you raised 3C) Office Supplies in hand, means we have to book an expense and a corresponding assets in the balance sheet. Entry will be Office Supplies Expense A/c Dr (It is an expenses for the Company) 1,500 To Office Supplies A/c (It is an asset for the Company) 1,500
User_2725 | Mar 19, 2013, 10:03 AM
when the office supplies are used, an adjusting entry is made to debit office supply expense and credit prepaid office supplies.
User_2725 | Mar 19, 2013, 10:10 AM
Hey where did you go off to?
User_2725 | Mar 19, 2013, 14:05 PM
1D) needs an answer 3C) the number is wrong 4) the suppies number is wrong and the supply expense number is wrong. 5? Supplies expense number is wrong total expense number is wrong net income (loss) number is wrong 5B) supplies number is wrong retained earnings number is wrong 6) check again 7) supplies number and retained earning number are wrong. Please fix
User_3036 | Mar 19, 2013, 14:12 PM
ok my friend I am doing it give me a few
User_2725 | Mar 19, 2013, 14:40 PM
thank you for the quick response and help much appreciated
User_3036 | Mar 19, 2013, 14:42 PM
Don't mention it This errors were on me they should not have happened I am attaching check please, Attached. For 1D - Total Salary paid was $24,600 out of this for 2012 was 20,800 (24,600 - 3,800) and for 201 was 3,800. Regards,
User_2725 | Mar 19, 2013, 15:00 PM
any way need to hit the sack I am on some medication if you cool please process the payment
User_2725 | Mar 19, 2013, 15:35 PM
So on 1D) is the third line supposed to be cash?? and the credit 24,600? 3c) is it supposed to be 3800? i am confused by what you are saying? 4) supplies, supply expense, 5b) retained earnings? please help before i release
User_3036 | Mar 19, 2013, 16:41 PM
Sorry totally didnt see the last upload
User_3036 | Mar 19, 2013, 16:52 PM
Last question on 6a) service revenue debit 61,000 ......... credit 61,000. what is the to income summary supposed to be? retained earnings????
User_3036 | Mar 19, 2013, 16:57 PM
No it is the total income earned by the company. This account has been opened to calculate the retained earnings by debiting and crediting income and expenses under the head of Income Summary. I slept last we spoke I told you am unwell and under heavy medication now we through am thinking
User_2725 | Mar 19, 2013, 22:52 PM
Thank you much ! :)
User_3036 | Mar 20, 2013, 05:19 AM
No NO THANK YOU USER3036, for your patience and diligence in your work it only goes to make me better hope we can work together into the future. And God bless you for the rating.
User_2725 | Mar 20, 2013, 05:25 AM

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