Assignment 2: Financial Statement On 31st March, 2022 the following Trial Balance was extracted from the books of Mr. Ben. Debit Balances Rs Credit Balances Rs. Sundry Debtors 20,100 Capital 28,000 Drawings 3,000 Loan on Mortgage 9,500 Bills receivables 6,882 Rent received 250 Interest on Loan 300 Bill Payable 2,614 Cash […]
Post the balances from the accounts receivable and accounts payable totals for Nov. to the ledgers. Post all transactions for December to the appropriate journals and ledgers.
Wizard Computer Sales and Services, Inc. Wizard Computers is a retail business dealing in sales of computers and equipment. In addition, the company provides installation and servicing of computer systems. The clientele includes wholesale and retail businesses, professionals, and private individuals. It is both a merchandising and a service business. It is owned by a […]
Explain the purpose of adjusting entries and closing entries. In a 1-2-page paper, detail what each accomplishes, and give examples of each.
Individual project This assignment has 2 parts, as follows: Explain the purpose of adjusting entries and closing entries. In a 1-2-page paper, not including the title and reference pages, detail what each accomplishes, and give examples of each. Journalize the closing entries from the attached 10-column worksheet. Use the attached template to complete your General […]