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1. UOP ACC 290 Week 4 Apply Connect Assignment
(100% Correct) (With Excel File)
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This Tutorial contains an Excel File which can be
used for any values
ACC 290 Week 4 Apply Connect Assignment
Note: You have only 1 attempt available to
complete assignments

2. There are 2 Questions in this Tutorial (details
given below, our excel sheet can be used for any
values)
Question 1
The trial balance of Neal Company as of January
31, 2019, after the company completed the first
month of operations, is shown in the partial
worksheet below.
Required:
2. Complete the worksheet by making the
following adjustments: supplies on hand at the end
of the month, $7,000; expired insurance, $6,900;
depreciation expense for the period, $3,000.
Analyze:
How does the insurance adjustment affect Prepaid
Insurance?

3. Question 2
The completed worksheet for Cantu Corporation
as of December 31, 2019, after the company had
completed the first month of operation, appears
below.
Required:
Prepare an income statement.
Prepare a statement of owner's equity. The
owner made no additional investments during
the month.
Prepare a balance sheet.
Analyze:
If the adjustment to Prepaid Advertising had
been $6,800 instead of $3,400, what net income
would
have resulted?