How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Neo Your Own Question

Neo
Neo, Tutor
Category: Homework
Satisfied Customers: 12092
Experience:  BS Accounting
4224391
Type Your Homework Question Here...
Neo is online now
A new question is answered every 9 seconds

For NeoExercisesE4-1 Complete work sheetThe

Resolved Question:

pg1pg2pg3pg4For Neo Exercises E4-1 Complete work sheet The adjusted trial balance columns of the work sheet for Cajon Company are as follows. CAJON COMPANY Work Sheet (partial) For the Month Ended April 30, 2006 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 14,752 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation 4,921 Notes Payable 5,700 Accounts Payable 5,672 Common Stock 25,000 Retained Earnings 8,960 Dividends 3,650 Service Revenue 12,590 Salaries Expense 9,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable 57 Totals 62,900 62,900 Instructions Complete the work sheet. E4-2 Prepare financial statements from work sheet. Work sheet data for Cajon Company are presented in E4-1. No common stock was issued during April. Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet. E4-3 Journalize and post closing entries and prepare a post-closing trial balance Work sheet data for Cajon Company are presented in E4-1. Instructions a.Journalize the closing entries at April 30. b.Post the closing entries to Income Summary and Retained Earnings. Use T accounts. c.Prepare a post-closing trial balance at April 30. *E4-11. Prepare closing and reversing entries. On December 31, the adjusted trial balance of Garg Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that adjusting entries were made to (1) accrue $4,200 of commission revenue and (2) accrue $1,500 interest expense. Instructions a. Prepare the closing entries for the temporary accounts at December 31. b. Prepare the reversing entries on January 1. c. Post the entries in (a) and (b). Rule and balance the accounts. (Use T accounts.) d. Prepare the entries to record (1) the collection of the accrued commissions on January 10 and (2) the payment of all interest due ($2,700) on January 15. e. Post the entries in (d) to the temporary accounts. Problems P4-1A Prepare a work sheet, financial statements, and adjusting and closing entries. The trial balance columns of the work sheet for Undercover Roofing Inc. at March 31, 2006, are as follows. UNDERCOVER ROOFING INC. Work Sheet For the Month Ended March 31, 2006 Trial Balance Account Titles Dr. Cr. Cash 2,500 Accounts Receivable 1,800 Roofing Supplies 1,100 Equipment 6,000 Accumulated Depreciation—Equipment 1,200 Accounts Payable 1,400 Unearned Revenue 300 Common Stock 5,000 Retained Earnings 2,000 Dividends 600 Service Revenue 3,000 Salaries Expense 700 Miscellaneous Expense 200 12,900 12,900 Other data: 1.A physical count reveals only $140 of roofing supplies on hand. 2.Depreciation for March is $200. 3.Unearned revenue amounted to $130 after adjustment on March 31. 4.Accrued salaries are $350. Instructions a. Enter the trial balance on a work sheet and complete the work sheet. (a) Adjusted trial balance $13,450 b. Prepare an income statement and a retained earnings statement for the month of March and a classified balance sheet at March 31. No additional issuances of stock occurred in March. (b) Net income $ 9,760 Total assets $9,040 c.Journalize the adjusting entries from the adjustments columns of the work sheet. d.Journalize the closing entries from the financial statement columns of the work sheet.
Submitted: 2 years ago.
Category: Homework
Expert:  Neo replied 2 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Neo, Tutor
Category: Homework
Satisfied Customers: 12092
Experience: BS Accounting
Neo and 7 other Homework Specialists are ready to help you
Customer: replied 2 years ago.
Hi Neo,

Can you tell me why my other question has been locked?
Expert:  Neo replied 2 years ago.
Good day!

Unfortunate, I also do not know. Only the moderators can know that.

Please try to contact them using the link below.

http://ww2.justanswer.com/contact-us


JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4522
    More than 5000 online tutoring sessions.
< Last | Next >
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4522
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/ComputersGuru/2010-02-13_051118_Photo41.JPG LogicPro's Avatar

    LogicPro

    Engineer

    Satisfied Customers:

    3458
    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg Linda_us's Avatar

    Linda_us

    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    3124
    Post Graduate Diploma in Management (MBA)
  • http://ww2.justanswer.com/uploads/chooser77/2009-08-18_162025_Chris.jpg Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    2385
    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    1988
    Experience with chartered accountancy
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    1876
    Bachelors Degree and CPA with Accounting work experience
  • http://ww2.justanswer.com/uploads/avremote/photoa.jpg Seanna's Avatar

    Seanna

    Tutor

    Satisfied Customers:

    1781
    3,000+ satisfied customers, all topics, A+ work
 
 
 

Related Homework Questions

Chat Now With A Tutor
Neo
Neo
Tutor
12092 Satisfied Customers
BS Accounting