need someone to do this accounting assignment for me

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need someone to do this accounting assignment for me
Answered Same DaySep 23, 2021

Answer To: need someone to do this accounting assignment for me

Kiran answered on Sep 24 2021
151 Votes
Directions
    ACC 120 - Principles of Financial Accounting
    Case # 2
    Maple Landscaping Company
    Unadjusted Trial Balance
    November 30, 2018    November 30, 2016
            Debit    Credit
    110    Cash    $40,860
    120    Accounts Receivable    6,550
    130    Supplies    2,100
    140    Prepaid Insurance    1,200
    150    Land    
100,000
    160    Building    75,000
    161    Accumulated Depreciation - Building        0
    170    Landscaping Equipment    10,500
    171    Accumulated Depreciation - Landscaping Equipment        0
    210    Accounts Payable        29,200
    220    Unearned Landscaping Revenue        30,000
    230    Wages Payable        -
    310    J. Doe, Capital        $168,550
    320    J. Doe, Drawings    3,500
    410    Landscaping Revenue        23,100
    510    Wages Exp    4800
    520    Rent Exp    3,000
    530    Depreciation Exp - Building    0
    540    Depreciation Exp - Landscaping Equipment    0
    550    Utilities Exp    2,240
    560    Supplies Expense    -
    570    Insurance Expense    -
    580    Misc Exp    1,100
        Total    $ 250,850    $ 250,850
    You have already journalized and posted routine entries through the month of November and created your Unadjusted Trial Balance (above). The following data have been assembled for adjusting entries.
    a    Unearned Landscaping Revenue is $5,000 at Nov 30 as $25,000 of the landscaping services were provided in November.
    b    Depreciation for the building for November is $750.
    c    Depreciaiton for the Landscaping Equipment is $250.
    d    The balance in Prepaid Insurance is for a 12 month liability insurance policy purchased on Sept 1 and beginning that day.
    e    Supplies on hand at Nov 30 is $1750.
    f    Maple Company has provided $19,000 of landscaping services in November that it has not yet billed for.
    g    Accrued wages at Nov 30 are $750.
    Directions:
    1.    Journalize each adjusting entry on page 3 of your journal. Post transactions to the ledger.
    2.    Prepare an adjusted trial balance.
    3.    Prepare financial statements for the month of November (Income Statement, Statement of Owner's Equity, and Classified Balance Sheet only). There weren't any investments by owner during the month of November.
    You should complete Case # 2 in this Excel workbook with the following tabs: Journal, Ledger, ATB, and Financial Statements. You may use another spreadsheet program as long as Excel can open the file. My suggestion is to use this template file and rename it to begin with your last name.
Journal
                        General Journal
                Page 3
                        
                                
     Date         Account Titles and Explanation                    P. R.    Debit    Credit
    Nov    30    Unearned Landscaping Revenue                    220    $25,000
                Landscaping Revenue                410        $25,000
        30    Depreciation Expense- Building                    530    750
                A/D - Building                161        750
        30    Depreciation Expense- Landscaping Equipment                    540    250
                A/D Landscaping Equipment                171        250
        30    Insurance Expense                    570    300
                Prepaid Insurance                140        300
        30    Supplies Expense                    560    350
                Supplies                130        350
        30    Accounts Receivable                    120    19000
                Landscaping...
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