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1. UOP ACC 290 Week 5 Apply Connect Assignment
(With Excel File)
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This Tutorial contains an Excel File which can be
used for any values
ACC 290 Week 5 Apply Connect Assignment

2. Note: You have only 1 attempt available to
complete assignments
There are 3 Questions in this Tutorial (details
given below, our excel sheet can be used for any
values)
1
On December 31, after adjustments, Gonzalez
Company's ledger contains the following account
balances:
101 Cash $ 30,200 Dr.
111 Accounts Receivable 16,100 Dr.
121 Supplies 2,300 Dr.
131 Prepaid Rent 38,900 Dr.
141 Equipment 47,000 Dr.
142 Accumulated Depreciation—Equip. 1,150 Cr.
202 Accounts Payable 6,800 Cr.
301 Emilio Gonzalez, Capital (12/1/2019)
48,620
Cr.
302 Emilio Gonzalez, Drawing 6,500 Dr.
401 Fees Income 120,080 Cr.
511 Advertising Expense 4,100 Dr.

3. 514 Depreciation Expense—Equip. 830 Dr.
517 Rent Expense 2,900 Dr.
519 Salaries Expense 21,800 Dr.
523 Utilities Expense 6,020 Dr.
Required:
Journalize the closing entries in the general
journal.
Post the closing entries to the general ledger
accounts. Hint: Be sure to enter beginning
balances.
Analyze:
What is the balance of the Salaries Expense
account after closing entries are posted?
2
A partially completed worksheet for At Home Pet
Grooming Service, a firm that grooms pets at the
owner's home, follows.
Required:
Complete the worksheet.

4. Record the adjusting entries in the general
journal
(transactions 1-3).
Record the closing entries in the general journal
(transactions 4-7).
Post the adjusting entries and the closing entries
to the general ledger accounts. Hint: Be sure to
enter beginning balances.
Prepare a post-closing trial balance.
Analyze:
What total debits were posted to the general
ledger to complete all closing entries for the
month of December?
3.
A completed worksheet for The King Group is
given below.
The King Group Worksheet
Month Ended December 31, 2019 Required:
Record the adjusting entries in the general
journal

5. (transactions 1-3).
Record the closing entries in the general journal
(transactions 4-7).
Post the adjusting entries and the closing entries
to the general ledger accounts. Hint: Be sure to
enter beginning balances.
Prepare a post-closing trial balance.
Analyze:
How many accounts are listed in the adjusted and
post-closing trial balance section?

6. (transactions 1-3).
Record the closing entries in the general journal
(transactions 4-7).
Post the adjusting entries and the closing entries
to the general ledger accounts. Hint: Be sure to
enter beginning balances.
Prepare a post-closing trial balance.
Analyze:
How many accounts are listed in the adjusted and
post-closing trial balance section?