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  • Wahlen Int3e PR03-16

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    林義哲
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    The document provides instructions to convert a trial balance to the accrual basis and prepare a statement of changes in owner's equity for Delsnyder Specialty Foods for the year ended December 31, 2019. Students are to enter amounts in green cells for cash and accrual basis accounts and adjustments, as well as amounts for the statement of changes in owner's equity.

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    Wahlen_Int3e_PR03-16

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    The document provides instructions to convert a trial balance to the accrual basis and prepare a statement of changes in owner's equity for Delsnyder Specialty Foods for the year ended December 31, 2019. Students are to enter amounts in green cells for cash and accrual basis accounts and adjustments, as well as amounts for the statement of changes in owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views4 pages

    Wahlen Int3e PR03-16

    Uploaded by

    林義哲
    The document provides instructions to convert a trial balance to the accrual basis and prepare a statement of changes in owner's equity for Delsnyder Specialty Foods for the year ended December 31, 2019. Students are to enter amounts in green cells for cash and accrual basis accounts and adjustments, as well as amounts for the statement of changes in owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    P3-16

    1. Enter the appropriate amounts in the green-shaded cells.


    An asterisk (*) will appear before incorrect amounts entered in the answer cells.
    DELSNYDER SPECIALTY FOODS
    Worksheet to Convert
    Trial Balance to Accrual Basis
    December 31, 2019

    Cash Basis Adjustments


    Debit Credit Debit Credit
    Cash
    Accounts Reveivable
    Allowance for Doubtful Accounts
    Inventory
    Equipment
    Accumulated Depreciation
    Prepaid Rent
    Prepaid Insurance
    Accounts Payable
    Accrued Expenses
    Payroll Taxes Withheld
    Delsnyder, Withdrawals
    Delsnyder, Capital

    Sales
    Purchases
    Income Summary - Inventory
    Salaries
    Payroll Taxes
    Rent
    Miscellaneous Expenses
    Insurance
    Utilities
    Depreciation
    Bad Debts

    2. Enter the appropriate amounts in the green-shaded cells in column H.


    An asterisk (*) will appear before incorrect amounts entered in the answer cells.
    DELSNYDER SPECIALTY FOODS
    Statement of Changes in
    A.J. Delsnyder, Capital
    For the Year Ended December 31, 2019

    A. J. Delsnyder, capital, 12/31/18


    Add: Net Income for year

    Deduct: Withdrawals for year


    A. J. Delsnyder, capital, 12/31/19
    Name:

    Accrual Basis
    Debit Credit

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