Journal Entries and Statements: Complete Your Accounting Work

School: University of California, Santa Barbara - Course: ECON 3A - Subject: Accounting

WHEN YOU ARE FINISHED, MAKE SURE TO SAVE THE FILE AS YOU FACTS AND THE QUESTIONS: The trial balance of XYZ, Inc. is as of January 1, 2022 below and just after the books were closed DR./ (CR) Cash45,000I. Follow instructions a Accounts receivable185,000 Allowance for doubtful accounts(10,000) Inventory200,000 Prepaid expenses5,000 Fixed assets800,000II. Accumulated depreciation**(500,000) Accounts payable(200,000) Interest payable(3,000) Salaries payable(4,000) Unearned revenue(20,000) Debt*(450,000)Common stock(10,000)Feel free to use the T-accounts bu Retained earnings(38,000) Revenue-ADDITIONAL FACTS Cost of goods sold- Salaries expense-Interest expense- Bad debt expense-** Depreciation expense is $5,000 Depreciation expense- Rent expense-*** The unearned revenue at the - ****All of the prepaid expense INSTRUCTIONS:Complete all of your work in this file.The worksheet "Graded Journal Entr assist, but they are no Follow instructions at"gr income state BEFORE LETTING YOURSELF BE O breath a * The debt matures at $8,000/ mo $2,920. IN YOUR JOURNAL ENTRIES USE ONLY ACCOUNT TITLES FROM THE ABOVE TRIAL BALANCE- IF IT, SELECT THE BEST FROM THE A

UR NAME AND UPLOAD TO WILEYPLUS FOR GRADING. d. at "graded journal entries" worksheet to complete journal entries ut no points. 0/ month. beginning of the month is earned by the end of the month. e on the trial balance relates to prepaid rent, and all of it is used in January. ries" and "Graded Statements" is what will be graded.T-accounts are intended to ot required. raded statements" worksheet to report a classifiedbalance sheet and tement as of and for the month ended January 31, 2021. OVERWHELMED, REMEMBER HOW TO EAT AN ELEPHANT...Just take a and start picking things off one bite at a time.