final project i submission final accounting workbook
Submit the second part of your final project. Your accounting Final Project Workbook should be a complete, polished artifact reflecting the incorporation of feedback gained throughout the course.
To complete this assignment, review the Final Project I Guidelines and Rubric document.
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Here is previous feedback that needs to be fixed.
Incorporate the Feedback: All of your entries were correct.
Apply the Accrual Basis of Accounting: Step Five: Your unadjusted trial balance is correct.
Apply Accrual Basis of Accounting: Step Six: You had some errors in your adjusting entries. Here is the solution:
| 30-Sep | Depreciation Expense | 250.00 | |
| accumulated depreciation | 250.00 | ||
| 30-Sep | Interest Expense | 150.00 | |
| Interest Payable | 150.00 | ||
| 30-Sep | Insurance Expense | 400.00 | |
| Prepaid Insurance | 400.00 | ||
| 30-Sep | Baking Supplies Expense | 17,400.00 | |
| Baking Supplies | 17,400.00 | ||
| 30-Sep | Office Supplies Expense | 550.00 | |
| Office Supplies | 550.00 | ||
Apply Accrual Basis of Accounting: Step Seven:
Once you make the changes above, your total debits and credits in each column of your adjusted trial balance will be 87,101
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