il Verizon LTE 10:10 AM 67% AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Leaming Close Window 4. PE.04-05B O eBook Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c. An unadjusted trial balance is prepared. d. An optional end-of-period spreadsheet is prepared. e. Adjusting entries are journalized and posted to the ledger. f. An adjusted trial balance is prepared. g. Financial statements are prepared. h. A post-closing trial balance is prepared. Select the steps in the accounting cycle in their proper order and include the two missing steps. 1. 2. 6. 7. 8. 9. 10. 5. PE.04-06B O eBook I Show Me How Working Capital and Current Ratio Current assets and current liabilities for Brimstone Company follow: 2019 2018 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. 2019 2018 Working capital Current ratio

il Verizon LTE 10:10 AM 67% AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Leaming Close Window 4. PE.04-05B O eBook Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c. An unadjusted trial balance is prepared. d. An optional end-of-period spreadsheet is prepared. e. Adjusting entries are journalized and posted to the ledger. f. An adjusted trial balance is prepared. g. Financial statements are prepared. h. A post-closing trial balance is prepared. Select the steps in the accounting cycle in their proper order and include the two missing steps. 1. 2. 6. 7. 8. 9. 10. 5. PE.04-06B O eBook I Show Me How Working Capital and Current Ratio Current assets and current liabilities for Brimstone Company follow: 2019 2018 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. 2019 2018 Working capital Current ratio

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Description: Question #4 in this image il Verizon LTE10:10 AM67%AAv2.cengagenow.comCengageNOWv2 | Online teaching and learning resource from Cengage LeamingClose Window4. PE.04-05BO eBookAccounting CycleFrom the following list of steps in the accounting cycle, id

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Journal all transactions in Part One 2. Using the chart of accounts, open ledger accounts and post journals to the ledger account. 3. Prepare a trial balance 4. Prepare the following statements: 1. Income Statement 2. Retained Earnings Statements 3. Balance Sheet You need to use Microsoft Excel. Do not use Google Docs or Apple’s numbers. Place your submission in the appropriate journal labeled final project in the learning modules tab in Blackboard. The project is due in Module 15. Three points extra credit to final grade if submitted during Module 14. Part One A. The following transaction occurred for Scrooge Inc. for the month of December 31, 1820. B. Ebenezer Scrooge invested $50,000 cash along in the company in exchange for common stock. C. The company prepaid $500 for 12 month’s rent. D. The company purchased $100 in office supplies. Payment due withing 10 days E. Scrooge Inc. completed services for a client and immediately received $2,000. F. The company completed $1,500…