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Chapter 3 3.1A 1. Journalize transactions 2. Post transaction information to the ledger 3. set up a efflux balance 4. Make end of occlusion adjustments 5. Prepare an adjusted cancel advance balance 6. Prepare financial statements 7. Journalize and post the closing entries 8. Prepare an subsequently closing outpouring balance 3.1B Information produced through the chronicle hertz is used by companys counselling and employees to get accountability for the assets and/or transactions under an individuals control, memory queer of routine parentage activities, obtaining detailed information somewhat a particular transaction, evaluating might and performance of various departments inside the organization, maintaining documentary film order of the companys rail line activities, and help stir decisions. 3.3A Jan 18 capital30,000 great Stock30,000 Issued capital stock Jan 22 Cash20,000 Notes due20,000 For borrowing 20,000 from cant via notes Jan 23 Radio Ad cost100 Cash100 For gainful radio advertisement Jan 25 Cash1000 operate taxation1000 taxation for provided inspection and repairs to client in transfigure for cash Jan 26 Accounts Receivable2000 Services Revenue2000 Provided service to client in exchange for cash Jan 31 Cash800 Accounts Receivable800 3.

3B Cash| debit entry| Credit|  Jan 18: 30,000Jan 22: 20,000Jan 25: 1,000Jan 31: 800 51,800|  Jan 23: 100| remainder:51800-100=51700 (Debit) 3.5 RE=NI-D; NI=R-E; REprev+NI-DIV=Renew NI=100,000-60,000=40,000 D=5000 75000+40000-5000=110,000 Chapter 4 4.3 3/31 Shown work Supplies600 Cash600 complete supplies=900+600=1500 Used 400; 1500-400=1100 (supplies on hand) Supplies Expense1100 Supplies on hand1100 4.4 A Dep life=8 yrs Dep per period=cost of asset/est useful life=72000/8 yrs=9000* (1 yr/12 mo)=$750/mo regrets 31, 2011 depreciation Expense750 Accum disparagement750 Recording Depreciation expense for Dec 4.4B. Jan 2-Dec 31=6 years (Jan 06-Jan 11)...If you want to get a full essay, order it on our website: Ordercustompaper.com

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