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    On August 31 2015 The Rijo Equipment Repair Corp S Post Closing

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    Miroslav Gegoski
    Rijo Equipment Repair Corp's trial balance from August 31st is provided. In September, the company had various cash receipts and payments as well as other transactions. Adjusting entries were needed for supplies, salaries payable, service revenue, equipment depreciation, and unearned revenue. Financial statements including an income statement, statement of changes in equity, and statement of financial position were prepared.

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    On August 31 2015 The Rijo Equipment Repair Corp S Post Closing

    Uploaded by

    Miroslav Gegoski
    22 views1 page
    Rijo Equipment Repair Corp's trial balance from August 31st is provided. In September, the company had various cash receipts and payments as well as other transactions. Adjusting entries were needed for supplies, salaries payable, service revenue, equipment depreciation, and unearned revenue. Financial statements including an income statement, statement of changes in equity, and statement of financial position were prepared.

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    On August 31 2015 the Rijo Equipment Repair Corp s Post Closing

    Original Title

    On August 31 2015 the Rijo Equipment Repair Corp s Post Closing

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    Rijo Equipment Repair Corp's trial balance from August 31st is provided. In September, the company had various cash receipts and payments as well as other transactions. Adjusting entries were needed for supplies, salaries payable, service revenue, equipment depreciation, and unearned revenue. Financial statements including an income statement, statement of changes in equity, and statement of financial position were prepared.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    On August 31 2015 The Rijo Equipment Repair Corp S Post Closing

    Uploaded by

    Miroslav Gegoski
    Rijo Equipment Repair Corp's trial balance from August 31st is provided. In September, the company had various cash receipts and payments as well as other transactions. Adjusting entries were needed for supplies, salaries payable, service revenue, equipment depreciation, and unearned revenue. Financial statements including an income statement, statement of changes in equity, and statement of financial position were prepared.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    On August 31 2015 the Rijo Equipment Repair Corp s post

    closing #8538
    On August 31, 2015, the Rijo Equipment Repair Corp.'s post-closing trial balance was as
    follows. The company prepares adjusting entries monthly.During September, the following
    transactions were completed:Sept. 4 Paid employees $2,200 for salaries due, of which $1,400
    was for August salaries payable and $800 for September.6 Received $5,400 cash from
    customers in payment of accounts.11 Received $8,800 cash for services performed in
    September.12 Sold common shares for $5,000.17 Purchased supplies on account, $2,000.21
    Paid creditors $7,000 of accounts payable due.24 Paid September and October rent, $2,000
    ($1,000 per month).25 Paid salaries, $2,200.26 Performed services on account, $1,600.27
    Received $1,300 from customers for services to be provided in the future.28 Paid a cash
    dividend, $500.28 Paid income tax for the month, $600.Adjustment data for the month:1.
    Supplies on hand total $800.2. Accrued salaries payable are $1,600.3. Accrued service revenue
    for $600.4. The equipment has a useful life of 10 years.5. Unearned revenue of $800 has been
    earned.Instructions(a) Prepare T accounts, and enter the opening balances at September 1.(b)
    Prepare and post the September transaction entries.(c) Prepare a trial balance at September
    30.(d) Prepare and post the adjusting journal entries for the month.(e) Prepare an adjusted trial
    balance at September 30.(f) Prepare (1) an income statement, (2) a statement of changes in
    equity, and (3) a statement of financial position.View Solution:
    On August 31 2015 the Rijo Equipment Repair Corp s post closing

    ANSWER
    http://paperinstant.com/downloads/on-august-31-2015-the-rijo-equipment-repair-corp-s-post-
    closing/

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