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
Showing posts with label Continuing Cookie Chronicle. Show all posts
Showing posts with label Continuing Cookie Chronicle. Show all posts
Thursday, July 22, 2010
Continuing Cookie Chronicle 3: CCC3: In November 2009 after having incorporated Cookie Creations Inc
Accounting Tools for Business Decision Making
Weygandt, Kimmel, Kieso
Continuing Cookie Chronicle 3: CCC3
Chapter 3
CCC3 In November 2009 after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead she will focus on offering cooking classes. The following events occur. AND SO ON
Instructions
(a) Prepare journal entries to record the November transactions.
(b) Post the journal entries to the general ledger accounts.
(c) Prepare a trial balance at November 30, 2009.
(c) Trial balance total $3,910
Click here for the SOLUTION
Weygandt, Kimmel, Kieso
Continuing Cookie Chronicle 3: CCC3
Chapter 3
CCC3 In November 2009 after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead she will focus on offering cooking classes. The following events occur. AND SO ON
Instructions
(a) Prepare journal entries to record the November transactions.
(b) Post the journal entries to the general ledger accounts.
(c) Prepare a trial balance at November 30, 2009.
(c) Trial balance total $3,910
Click here for the SOLUTION
Labels:
accounting,
CCC,
Continuing Cookie Chronicle,
General Ledger,
Journal Entries,
Kieso,
Kimmel,
trial balance,
Weygandt
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