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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
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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
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?
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?

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Uop acc-290-week-4-apply-connect-assignment

  • 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?