A six-column table for JJW Company follows. The first two columns contain the unadjusted trial…

A six-column table for JJW Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2011. The last two columns contain the adjusted trial balance as of the same date.

Required Analysis Component

1. Analyze the differences between the unadjusted and adjusted trial balances to determine the eight adjustments that likely were made. Show the results of your analysis by inserting these adjustment amounts in the table’s two middle columns. Label each adjustment with a letter a through h and provide a short description of it at the bottom of the table

Preparation Component

2. Use the information in the adjusted trial balance to prepare the company’s (a) income statement and its statement of owner’s equity for the year ended July 31, 2011 (note: J. Winner, Capital at July 31, 2010, was $28,420, and the current-year withdrawals were $10,000), and (b) the balance sheet as of July 31, 2011.

 

 

Submit Your Assignment and get professional help from our qualified experts!


A six-column table for JJW Company follows. The first two columns contain the unadjusted trial… was first posted on June 29, 2020 at 10:44 am.
©2019 "Submit Your Assignment". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at support@nursingtermpaper.org

"Is this question part of your assignment? We will write the assignment for you. Click order now and get up to 40% Discount"