Complete the Management Tools Application Unit 3 Assignment. Review the Unit 3Assignment Data and continue using the Excel Template (you downloaded in Unit 2) called
Unit_2_Assignment.xlsx . Be sure to review the tab in the template titled “Instructions.”
1. Prepare/Journalize the Adjusting Entries A–F.
a. Insurance expired during June is $150.
b. Supplies on hand on June 30 are $1,020.
c. Depreciation of office equipment for June is $500.
d. Accrued receptionist salary on June 30 is $120.
e. Rent expired during June is $1,500.
f. Unearned fees on June 30 are $2,000.
2. Post the adjusting entries to the General Ledger.
3. Prepare an income statement, a statement of owner’s equity, and a balance sheet.
4. Journalize and post the closing entries. (Income Summary is account #33 in the
chart of accounts.)
5. Prepare a post-closing trial balance.
AC499-4: Financial Reports: Evaluate financial reports.
Step 1: Practice
Complete the AC499 Financial Report Analysis – Rainbow Paint Co. as practice for the Unit 4
assignment.
Access the solutions for the review problem when you are ready.
Step 2: Review Ratio Sheet
Review the AC499 Financial Report Analysis Unit 4 Ratio Sheet.
Step 3: Financial Analysis
Complete a financial analysis of the company financials for Quixote Consulting. Use the
Excel Template titled: “Unit 4 Financial Report Analysis Template.” Be sure to review the
Excel tab titled “Hints & Instructions” before you attempt the assignment tab.
Note: This Quixote Company file will be your graded Unit 4 assignment, not the Rainbow
Company practice assignment.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more