Thursday, July 22, 2010

Continuing Cookie Chronicle 4: CCC4: Cookie Creations is gearing up for the winter holiday season

Accounting Tools for Business Decision Making
Weygandt, Kimmel, Kieso

Continuing Cookie Chronicle 4: CCC4
Chapter 4
CCC4 Cookie Creations is gearing up for the winter holiday season. During the month of December 2009, the following transactions occur. AND SO ON

Instructions
Using the information that you have gathered and the general ledger accounts that you have prepared through Chapter 3, plus the new information above, do the following.
(a) Journalize the above transactions.
(b) Post the December transactions. (Use the general ledger accounts prepared in Chapter 3.)
(c) Prepare a trial balance at December 31, 2009.
(d) Prepare and post adjusting journal entries for the month of December.
(e) Prepare an adjusted trial balance as of December 31, 2009.
(f) Prepare an income statement and a retained earnings statement for the 2-month period ending December 31, 2009, and a classified balance sheet as of December 31, 2009.
(g) Prepare and post closing entries as of December 31, 2009.
(h) Prepare a post-closing trial balance

(c) Totals $8,160
(e) Totals $8,804
(f) Net income $3,211
(h) Totals $6,065

Click here for the SOLUTION

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