earn full credit. Carefully review the for the criteria that will be used to evaluate

Complete the following . Problems P3-2B and P3-5B from Chapter 3 are located under Additional Exercises and Problems on the Textbook Student Companion Site. Problems E4-15, E4-19, E4-14, E4-21, E4-22, and E4-23 are at the end of Chapter 4 of your text. Submit your work to your instructor by the posted due date. Show all your work in order to earn full credit. Carefully review the for the criteria that will be used to evaluate your assignment. Week 2 Homework Template each transaction affects accounts! Use the + or signs to indicate whether the amount increased or decreased the account. Total up each account in the last line of the worksheet then check your work by totaling up Assets, Liabilities and Equity. Put each transaction on a separate line. Note any changes in Retained Earnings on the page below the worksheet. (a) WALZ SERVICE INC. June 1 Total of All Columns under Assets Total of All columns under Liabilities & Stockholders Equity (a) Continued Changes in Retained Earnings: Income Statement For the Month Ended June, 30, 2014 Revenues Account title Amount Expenses Account title Amount Account title Amount Account title Amount Account title Amount Total expenses Amount Net income Amount (c) Prepare a Classified balance sheet at June 30, 2014 WALZ SERVICE Inc. Balance Sheet June 30, 2014 Assets Current assets Account title Amount Account title Amount Account title Amount Total current assets Amount Account title Amount Total assets Amount Liabilities and Stockholders Equity Current liabilities Account title Amount Account title Amount Total current liabilities Amount Stockholders equity Account title Amount Account title Amount Amount Total liabilities and stockholders equity Amount Date Account Titles and Explanation Debit Credit May 1 2 3 7 11 12 17 31 31 Part B is on the next page. PROBLEM 3-5B (Continued) (b) Post the transactions to the ledger T Accounts Be sure to post the amounts to the correct side of the T-Account! Cash Bal. Accounts Receivable Bal. Supplies Bal. Accounts Payable Bal. Unearned Service Revenue Bal. Common Stock Bal. Service Revenue Bal. Salaries and Wages Expense Bal. Rent Expense Bal. PROBLEM 3-5B (Continued) Prepare a Trial Balance on May 31, 2014. (c) ROYCE CONSULTING Trial Balance May 31, 2014 Account Name Debit Credit Total Date Account Titles and Explanation Debit Credit Jan 31 31 31 Date Account Titles and Explanation Debit Credit July 10 14 15 20 Date Account Titles and Explanation Debit Credit July 10 14 15 20 Date Account Titles and Explanation Debit Credit Aug 31 31 31 31 31 31 Income Statement For the Month Ended August 31, 2017 Revenues Account title Amount Account title Amount Total Revenues Expenses Account title Amount Account title Amount Account title Amount Account title Amount Account title Amount Total expenses Amount Net income Amount Retained Earnings Statement For the Month Ended August 31, 2017 Retained earnings, September 1, 2016 Amount Add: Account title Amount Less: Account title Amount Retained earnings, August 31, 2017 Balance Sheet August 31, 2017 Assets Current assets Account title Amount Account title Amount Account title Amount Account title Amount Total current assets Amount Account title Amount Total assets Amount Liabilities and Stockholders Equity Current liabilities Account title Amount Account title Amount Account title Amount Total current liabilities Amount Stockholders equity Account title Amount Account title Amount Amount Total stockholders equity Total liabilities and stockholders equity Amount Date Account Titles and Explanation Debit Credit Aug 31 31 31 31

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