Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

What is post reference in accounting

27/10/2021 Client: muhammad11 Deadline: 2 Day

Accounting Questions And Problems NEED TO SHOW WORK AND LABEL

READ EVERYTHING AND ADDRESS ALL QUESTIONS! LABEL EVERYTHING

Accounting Comprehensive Problem 1.

1. Create a Journal

1. C.

Journalize each of the May transactions in the two-column journal starting on Page 5 of the journal. Refer to the Chart of Accounts for exact wording of account titles. (Do not insert the account numbers in the journal at this time.)

2. B.

Add the appropriate posting reference to the journal in CengageNOW.

6. A.

Journalize the adjusting entries on Page 7 of the journal. Refer to the Chart of Accounts for exact wording of account titles.

6. C.

Add the appropriate posting reference to the journal in CengageNOW.

2. Create A Ledger

SPREADSHEET

and save the Excel file to your computer. Use the spreadsheet to post the May transactions from the journal to a ledger of four-column accounts. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem.

1. B.

For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. Date the balances May 1, enter Balance in the Item column and enter ‘X’ in the Posting Reference column.

2. A.

Post the May transactions from the journal to a ledger of four-column accounts.

6. B.

Post the adjusting entries to the ledger of four-column accounts, inserting balances in the accounts affected.

3. Prepape a Unadjusted Trial Balance

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2019. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into the following transactions:

May

3

Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.

5

Received cash from clients on account, $2,450.

9

Paid cash for a newspaper advertisement, $225.

13

Paid Office Station Co. for part of the debt incurred on April 5, $640.

15

Provided services on account for the period May 1–15, $9,180.

16

Paid part-time receptionist for two weeks’ salary including the amount owed on April 30, $750.

17

Received cash from cash clients for fees earned during the period May 1–16, $8,360.

Record the following transactions on Page 6 of the journal:

May

20

Purchased supplies on account, $735.

21

Provided services on account for the period May 16–20, $4,820.

25

Received cash from cash clients for fees earned for the period May 17–23, $7,900.

27

Received cash from clients on account, $9,520.

28

Paid part-time receptionist for two weeks’ salary, $750.

30

Paid telephone bill for May, $260.

31

Paid electricity bill for May, $810.

31

Received cash from cash clients for fees earned for the period May 26–31, $3,300.

31

Provided services on account for the remainder of May, $2,650.

31

Kelly withdrew $10,500 for personal use.

Required:

1.

The chart of accounts is shown in a separate panel and the post-closing trial balance as of April 30, 2019, is shown below.

A.

Download the spreadsheet in the Ledger panel and save the Excel file to your computer. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem.

B.

For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. Date the balances May 1, 2019, enter Balance in the Item column and enter ‘X’ in the Posting Reference column.

C.

Journalize each of the May transactions in a two-column journal starting on Page 5 of the journal. Refer to the Chart of Accounts for exact wording of account titles. (Do not insert the account numbers in the journal at this time.)

2.

Post the journal entries on pages 5 and 6 of the journal to the ledger of four-column accounts.

A.

Use the spreadsheet to post the May transactions from the journal to a ledger of four-column accounts.

B.

Add the appropriate posting reference to the journal.

3.

Prepare an unadjusted trial balance. Accounts with zero balances can be left blank.

4.

At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6).

Insurance expired during May is $275.

Supplies on hand on May 31 are $715.

Depreciation of office equipment for May is $330.

Accrued receptionist salary on May 31 is $325.

Rent expired during May is $1,600.

Unearned fees on May 31 are $3,210.

5.

(Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet. Find a blank end-of-period work sheet in the Excel spreadsheet you previously downloaded.

6.

A.

Journalize the adjusting entries on Page 7 of the journal. Refer to the Chart of Accounts for exact wording of account titles.

B.

Post the adjusting entries to the ledger, inserting balances in the accounts affected.

C.

Add the appropriate posting reference to the adjusting entries in the journal in CengageNOW.

7.

Prepare an adjusted trial balance. Accounts with zero balances can be left blank.

Kelly Consulting

POST-CLOSING TRIAL BALANCE

April 30, 2019

ACCOUNT TITLE

DEBIT

CREDIT

1

Cash

22,100.00

2

Accounts Receivable

3,400.00

3

Supplies

1,350.00

4

Prepaid Rent

3,200.00

5

Prepaid Insurance

1,500.00

6

Office Equipment

14,500.00

7

Accumulated Depreciation

330.00

8

Accounts Payable

800.00

9

Salaries Payable

120.00

10

Unearned Fees

2,500.00

11

Kelly Pitney, Capital

42,300.00

12

Totals

46,050.00

46,050.00

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Coursework Helper
Finance Master
Write My Coursework
Math Guru
Finance Homework Help
Financial Hub
Writer Writer Name Offer Chat
Coursework Helper

ONLINE

Coursework Helper

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$35 Chat With Writer
Finance Master

ONLINE

Finance Master

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$47 Chat With Writer
Write My Coursework

ONLINE

Write My Coursework

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$19 Chat With Writer
Math Guru

ONLINE

Math Guru

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$24 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$36 Chat With Writer
Financial Hub

ONLINE

Financial Hub

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$15 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

BUS 5115 UNIT 2 - Naeyc code of ethical conduct powerpoint - Efficient financial markets fluctuate continuously because - What does the word christian literally mean - Welbourn hall nursing home - Claim and adjustment letter - 1642 old deluder satan act - The transactional model of communication supports - Internet Marketing - Royal albert hall debenture - Imagine there's no heaven - Camera shots and angles - Case study - Altex corporation case study - Winchester city council housing - Leece neville alternator troubleshooting - Filipino folk songs instrumental - Sometimes amazing things happen review - School uniform vs casual clothes - Which excerpt from the story illustrates tom's overconfidence - Plant hazard identification checklist - PPT - Nervous system concept map with answers - Picot paper example - Preparing for the Future of Work - Lake keepit soaring club - Computer gateway device crossword clue - Selling the farm barry estabrook summary - Aqa geography grade boundaries - Self analysis strengths and weaknesses - Cambridge ielts 6 writing answers - Reply to discussion- Nicole - Deutsche bank case study answers - COMP-1PAPER - Value of the degree - Wayside youth and family support network - Chapter 6 chemical bonding multiple choice test - 4447 river road toledo ohio - Dr neil strathmore royal melbourne hospital - Starbucks after schultz how to sustain a competitive advantage - Adelaide to mt gambier bus - Access module 1 sam textbook project - Painting supervisor jobs offshore - Siop model lesson plan template - Paper pcr worksheet answers - Predict the next number - Nursing Care Plan - Maths difference of two squares - Civil engineering uts atar - Objectives of emirates airlines - Essay on effective business communication - What are the problems with a plural executive - How to enter infinity on webassign - ?? same-day +27833173182 HARARE" ABORTION CLINIC // PILLS,,,, - Pastor bayless conley net worth - One steel price list - 4 pages MLA format essay - Push down curriculum early childhood - Ions and their charges - Oxalic acid sodium hydroxide - Why is salr less than dalr - Genichi taguchi contribution to quality management - Need Help taking Health Service Management Quiz - Reliance r12 security system - Groundwater sustainability and human development - Business strategy game low cost strategy - Resistance in a wire simulation answers - Develop Scholarly Writing Skills - Skinpen by bellus medical for sale - Warren and brown valve refacer 212 - What is expanded data processing cycle - Papa model of research - Canned pumpkin puree coles - Can you predict a double pendulum - Lockwood keyless digital deadbolt - Quaker oats annual report 2018 - A chemist finds that 30 of nitrogen - Discussion Question #3: Background Check - How good is woolworths car insurance - Rona goffen titian's venus of urbino - Creating propaganda posters lesson - Resolution of harry potter and the sorcerer's stone - Chronic Kidney Disease - Research Security, Privacy And Trust In Information Systems - Critical analysis of how do i love thee - Help 2 - Why did edith wharton write ethan frome - What are the four key attributes of strategic management - U verse channel lookup - How to round angles to the nearest minute - Craigieburn dog obedience group - Project - Job costing versus process costing - Scs 200 project two presentation - Korman company has the following securities in its portfolio - Redhawk inc is a merchandiser that provided the following information - Esl syllabus for adults - Str 581 week 3 mini strategy - Acceleration due to gravity on each planet - Chapter 2 summary of the giver