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Problem 5-6A
Score:
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
An asterisk (*) will appear to the right of an incorrect entry.
1.
Revenues:
Net sales
Expenses:
Total expenses
Net income
2.
Retained earnings, September 1, 2013
Retained earnings, August 31, 2014
3.
Current assets: Current liabilities:
Long-term liabilities:
Property, plant, and equipment: Total liabilities
Office equipment
Capital stock
Store equipment Retained earnings
Total stockholders' equity
Total property, plant, and equipment
Total assets Total liabilities and stockholders' equity
Closing Entries
0%
[Key code here]
Cells with non-gray backgrounds are protected and cannot be edited.
Aug. 31
31
31
Name:
Section:
2014
Assets
GLOUCESTER CO.
Total current assets:
GLOUCESTER CO.
Income Statement
Retained Earnings Statement
Stockholders' Equity
Balance Sheet
GLOUCESTER CO.
Liabilities
Total current liabilities:
31
Problem 5-6A
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
1.
Revenues:
Net sales 4,517,000$
Expenses:
3.
Current assets: Current liabilities:
125,000$ 193,000$
Closing Entries
Sales 4,576,000
For the Year Ended August 31, 2014
GLOUCESTER CO.
Name:
Solution
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
GLOUCESTER CO.
Income Statement
Cash
Aug. 31
2014
Accounts payable
Balance Sheet
August 31, 2014
Liabilities
Assets
