ACC – Week 4 – Homework Questions and Answers

ACC Week 4 Questions and Answers
14 pages of Homework Screenshots
Examples:

Question 1
The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000;
Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at
December 31.

Question 2
The steps in the accounting cycle are listed in random order below. List the steps in the proper order by placing number
1-9 in the blank spaces.

Question 3
The following are the major balance sheet classifications:

Question 4
Worksheet data for Goode Company are presented below.
GOODE COMPANY
Worksheet (Partial)

Question 5
Apachi Company ended its fiscal year on July 31, 2010. The company’s adjusted trial balance as of the end of its fiscal year
is as shown below.
APACHI COMPANY
Adjusted Trial Balance

Question 6
These financial statement items are for B. Snyder at year-end, July 31
B. SNYDER COMPANY
Income Statement

Question 7
Complete the income statement, owner’s equity statement, and a classified balance sheet. S. Woods made an additional
investment in the business of $4,000 during
WOODS COMPANY
Owner’s Equity Statement

Question 7
Complete the post-closing trial balance.
WOODS COMPANY
Post-Closing Trial Balance

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