ACC 305 Week 3 Assignment Receivables & Bank Reconciliation
Complete the following activities and submit your answers to your instructor in a Word document formatted to proper APA specifications. Include any relevant supporting calculations. 7-10 (Page 388) Review the financial information pertaining to Evergreen Company and prepare the following: 1. Prepare the necessary journal entries for Evergreen for each of the dates listed in the problem. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold (round all calculations to the nearest dollar). 2. Prepare any necessary adjusting entries at December 31, 2011. Adjusting entries are only recorded at year-end (round all calculations to the nearest dollar).
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Get Help Now!- Prepare a schedule showing the effect of the journal entries in requirements 1 and 2 on 2011 income before taxes. 7-14 (Page389-390) Review the information pertaining to El Gato Painting Company and prepare the following: 1. Prepare a bank reconciliation for the El Gato checking account at December 31, 2011. 2. Prepare any necessary adjusting journal entries indicated.
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