Balance Sheet Fido's Food Mart General Ledger Accounts in Alphabetical Order November 30, 20XX Account Title Accounts pa

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Balance Sheet Fido S Food Mart General Ledger Accounts In Alphabetical Order November 30 20xx Account Title Accounts Pa 1 (45.04 KiB) Viewed 64 times

Balance Sheet Fido S Food Mart General Ledger Accounts In Alphabetical Order November 30 20xx Account Title Accounts Pa 2 (40.38 KiB) Viewed 64 times

Balance Sheet Fido S Food Mart General Ledger Accounts In Alphabetical Order November 30 20xx Account Title Accounts Pa 3 (35.39 KiB) Viewed 64 times

Balance Sheet Fido's Food Mart General Ledger Accounts in Alphabetical Order November 30, 20XX Account Title Accounts payable Accounts receivable Accumulated depreciation - Equipment and vehicle Bonds payable (mature 12/31/XX) Cash Common stock (200 shares @ $210/share, par $210) Equipment Inventory Operating expenses Rent expense Retained earnings Sales revenue Debits 13,012 20,531 30,550 44,160 27,340 3,450 Credits 25,818 12,000 42,000 82,625

Income Statement Operating expenses Rent expense Retained earnings Sales revenue Supplies Unearned revenue (gift cards) Vehicle 27,340 3,450 Wages expense Totals 1,850 12,250 9,300 162,443 162,443 I The acccount balances at the end of the third month of operations at Fido's Food Mart are shown above in alphabetical order. Required: 1. On the last day of the month, the accountant took a look at ledger balances and noticed that a gift card sale was missed. Record the sale of fifteen (15) gift cards valued at $25 each. a. Show the balancing effects on the accounting equation 0 82,625 b. Record the journal entry in two-line format using a debit and a credit. c. Show T-accounts with beginning balances, transactions and end balances.

The acccount balances at the end of the third month of operations at Fido's Food Mart are shown above in alphabetical order. Required: 1. On the last day of the month, the accountant took a look at ledger balances and noticed that a gift card sale was missed. Record the sale of fifteen (15) gift cards valued at $25 each. a. Show the balancing effects on the accounting equation b. Record the journal entry in two-line format using a debit and a credit. c. Show T-accounts with beginning balances, transactions and end balances. 2. Prepare an updated unadjusted trial balance that reflects the gift card sale. Be sure to rearrange the accounts to reflect proper ledger order (i.e., assets, liabilities, etc.) 3. Using the updated trial balance prepared in step 2, prepare the following: a. Single-step income statement b. Statement of retained earnings c. Classified balance sheet