Details:Complete practice problem P3-32A in the textbook using the âM3 Practice Problemsâ Excel template.After completing the practice problems, go to the Assignments section of the classroom and submit your completed Excel document to the appropriate assignment drop box.
ACC 250 Module 3 Practice Problems Template
P3-32A
Student Name:
Requirement 1:
Journalize
the adjusting entry needed on December 31, 2014, for each of the previous
items affecting Laughter Landscaping.Details:Using the âM3 Continuing Problemâ Excel templates, complete the requirements for problem P3-49 in the textbook.Save your template using the filename LastnameFirstinitial.ACC250.#. For example, John Doeâs module #3 assignment would be named DoeJ.ACC250.3.ACC250 Module 3 Template P3-49 Student Name: Requirement 2: Journalize the transactions of December 21 – 30.
Explanations are not required. (If there is no entry required, select “No
entry required”). ACC250 Module 3 Template P3-49 Student Name: Requirement 1: Open these additional T-Accounts: Accumulated
depreciation-equipment; Accumulated depreciation-furniture; Salary payable;
Unearned service revenue; Salary expense; Depreciation expense-equipment; Depreciation expense-furniture; and
Supplies expense. Requirement 3: Post to the T-accounts, keying all items by date. Requirement 6: In the T-accounts, denote each adjusting amount as Adj and
an account balance as Bal. ACC250 Module 3 Template P3-49 Student Name: Requirement 4: Prepare the trial balance at December 31. Also set up
columns for the adjustments and for the adjusted trial balance, as illustrated
in Exhibit 3-8. Requirement 5: On your worksheet, make these adjustments directly in the
adjustments columns, and complete the adjusted trial balance at December 31. Draper Consulting ACC250 Module 3 Template P3-49 Student Name: Requirement 6: Journalize and post the adjusting entries. ACC250 Module 3 Template P3-49 Student Name: Requirement 7: Prepare the income statement and the statement of owners’
equity of Draper Consulting for the month ended December 31, 2012, and prepare
the balance sheet at that date. ACC250 Module 3 Template P3-49 Student Name: Requirement 7: Prepare the income statement and the statement of owners’
equity of Draper Consulting for the month ended December 31, 2012, and prepare
the balance sheet at that date. ACC250 Module 3 Template P3-49 Student Name: Requirement 7:
Prepare the income statement and the statement of owners’
equity of Draper Consulting for the month ended December 31, 2012, and prepare
the balance sheet at that date.
