The document outlines the ACC 290 Week 4 Apply Connect Assignment that includes two questions related to accounting worksheets. It provides specific adjustments needed for a trial balance and instructs students to prepare an income statement, statement of owner's equity, and balance sheet. Additionally, it poses analytical questions regarding adjustments to prepaid insurance and advertising.

1. UOP ACC 290 Week 4 Apply Connect Assignment
(100% Correct) (With Excel File)
Check this A+ tutorial guideline at
http://www.assignmentcloud.com/acc-290-
uop/acc-290-week-4-apply-connect-assignment-
new
www.assignmentcloud.com
For more classes visit
www.assignmentcloud.com
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?