accounting services worksheet

I’ve been racking my brain on this for hours and I give up. I don’t think anything is right here, but go ahead and use what is. the unedited was what the teacher sent out, and the other is the modified version with my mistakes. I was pretty confident, some mistakes here and there until I got to the bit about unearned revenue, and how it was completely off. thanks. This assignment is actually giving me a migraine, i wasn’t cut out for accounting. I’m like 3/4ths the way done, so I don’t think it’s that crazy of a price.
acps_4_unedited.pdf

acps_4.pdf

Don't use plagiarized sources. Get Your Custom Essay on
accounting services worksheet
Just from $13/Page
Order Essay

Unformatted Attachment Preview

I.
~
~R.
CR.
II.
DEBITS AND CREDITS
LIABILITIES
I
DR.
AND STATEMENTS
ADJUSTMENTSI WORKS~-l.,
PRACI’ICE SET
I
+
OWNER
~.
I
DR.
WITHDRAWAIS
CR.
DR.
+

Cash
Accounts Receivable
Prepaid Advertising
Ironing Supplies
Ironing Equipment
Accounts Payable
Unea=ed Ironing Revenue
Capital, Linda Smith
Withdrawals, Linda Smith
Ironing Revenue
~.
REVENUE
DR. CR.
+
EXPENSES
~R’I CR.
I
Speedy Ironing Service
Trial Balance
September 30, 1991
S EOUITY
I
TRIAL BALANCE
I
Instructions: Student should use the
appropriate Trial Balance figures and
the information provided to analyze
adjustments on the left and jou=alize on the right. Jou=al entry
descriptions are not required.
Rent
EJq;Jense
Telephone
EJq;Jense
$105
10
60
10
60
$ 15
10
150
30
170
50
-2..Q.
$345
$345
~
ADJUSTING JOURNAL ENTRIES
III.

Practice Set Adjustments Wednesday, September 30, 1991
JOURNALIZING TRANSACTIONS
ANALYZING TRANSACTIONS
Assets
Liabilities
+
Owner’ s Equity
DR.
a. One month of scheduled advertising appeared
in the school newspaper. See Transaction 2, page 10.
a.
b. A count of Ironing Supplies revealed
approximately $5 worth on hand.
b.
c. Depreciation was taken on equipment
with a useful life of 5 years.
c.
d. On Thursday, 10/1, Linda would pay her first employee,
who worked Tuesday and Thursdays, $12 for the week.
d.
e. Ironing Services for one of the two students who had paid
in advance had been performed as of 9/30/91.
e.
f. On Tuesday, September 29, services had been finished
for 2 students who promised to pay $5 each on 10/5.
f.
20
CR.
Instructions: The adjustments from Part III should be transposed into the adjustments columns
of the worksheet. Check the correctness of the adjustments by verifying the Adjusted Trial
Balance. Finally, the adjusted balances should be extended to make an Income Statement and
Balance Sheet. Be sure to place the letter of the adjustment to the left of the amount as
demonstrated with adjustment a.
IV.
Trial Balance
WORKSHEET
Income
Statement
Adjusted
Trial Balance
Adjustments
Balance
Sheet
I
105
105
Accounts Receivable
10
20
Prepaid Advertising
60
Ironincr
In
Cash
1 ; “””
C::llnn
(a) 15
c;
60
Ironing Equpment
45
60
Accounts Payable
15
15
Unearned Ironing Revenue
10
5
150
150
Capital. Linda Smith
Withdrawals, Linda Smith
30
170
Ironing Revenue
185
50
Rent Expense
Telhone
30
20
345
E:xpense
I
20
I
345
15
(a) 15
Advertising Expense
5
Ironing Supplies Expense
Depreciation Expense,
Ironing
50
1
EQ!lipment
Accumulated Depreciation,
Ironing Equipment
1
6
Salaries Expense
Salaries Payable
42
V.
Instructions:
42
362
-2.
362



185 185
265
265
ACCOUNTING STATEMENTS
Use the Adjusted Trial Balance above to complete an Income Statement and Balance Sheet.
Speedy Ironing Service
Income Statement
For the Month Ended Sept. 30, 1991
Total Operating Expenses
Net Income
Speedy Ironing Service
Balance Sheet
September 30, 1991
Total Liabilities +
5 88
Total Assets:
21
@4
Owner
I
s Equity
5234

Purchase answer to see full
attachment

GradeAcers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Order your essay today and save 15% with the discount code DISCOUNT15