Portfolio Project Week 4

We are ONLY doing week 4.

Week 4: Trial Balance and Adjustments

Review Chapters 2 and 3

Check out the YouTube video

Complete and submit your work by the end of Week 4, 11:59pm ET.

Using the information from the Excel workbook from Week 2s graded submission, Pat completed a worksheet using the following information for accounting adjustments.

Review the completed the columns for the below adjusting entries, income statement, and balance sheet.

Submit the corrected journal entries from week 2 along with the reviewed and corrected Worksheet for week 4.

1. Expired insurance, $553.
2. Ending store supplies inventory, $2,632.
3. Ending office supplies inventory, $504.
4. Depreciation of store equipment, $567.
5. Depreciation of office equipment, $329.

Please note, although the journal entries and T accounts will not be graded as part of the week 4 submission, they need to be revised to get the correct numbers for the week 4 worksheet. All parts of the spreadsheet need to be submitted each week.

Please copy this into your workbooks before working on the Worksheet tab as you will need these ending balances to complete the project.