Saved Help Balance lists each account and the account balance at the end of the accounting period. Prepare a Trial Balance to verify that the accounting system is in balance-total debits should equal total credits. .Adjustments. At the end of the accounting period before preparing financial statements, make any adjustments necessary to bring the accounts up to date. Adjustments are entered in the Journal using debits and credits. Adjusted Trial Balance. Prepare an Adjusted Trial Balance (a Trial Balance after adjustments) to verify that the accounting system still balances. ⚫ Financial Reports. Prepare financial statements (Profit and Loss, Balance Sheet, and Statement of Cash Flows) for external users and internal users. Prepare management reports. For Mookie The Beagle Coach, we have prepared the Chart of Accounts and entered Transactions. Next, we need to create a Trial Balance, make Adjusting Entries, create an Adjusted Trial Balance, and then prepare Financial Reports for Mookie The Beagle Coach. TRIAL BALANCE The purpose of the Trial Balance is to verify that our accounting system balances (debits equal credits) before we enter adjusting entries. Required: Complete the following to prepare a Trial Balance for Mookie The Beagle Coach. 1. From the Navigation Bar, select Reports 2. Select Standard report tab 3. Select Report Category: For My Accountant 4. Select Trial Balance and complete steps to run the Trial Balance at 02/29/2024 5. Export the Trial Balance to Excel. Answer the following questions about Mookie The Beagle Coach Trial Balance. 1. What is the amount of Total Debits? 2. What is amount of Total Credits? 3. What is balance in the 5035 Insurance Expense: Liability Insurance Expense account? 4. What is balance in the 5045 Office Supplies & Software account? Note: For all requirements, answer the questions in the table shown below. Round your answers 2 decimal places. 1. Amount of total debits 2. Amount of total credits 3. Liability insurance expense account 4. Office supplies and software account
Saved Help Balance lists each account and the account balance at the end of the accounting period. Prepare a Trial Balance to verify that the accounting system is in balance-total debits should equal total credits. .Adjustments. At the end of the accounting period before preparing financial statements, make any adjustments necessary to bring the accounts up to date. Adjustments are entered in the Journal using debits and credits. Adjusted Trial Balance. Prepare an Adjusted Trial Balance (a Trial Balance after adjustments) to verify that the accounting system still balances. ⚫ Financial Reports. Prepare financial statements (Profit and Loss, Balance Sheet, and Statement of Cash Flows) for external users and internal users. Prepare management reports. For Mookie The Beagle Coach, we have prepared the Chart of Accounts and entered Transactions. Next, we need to create a Trial Balance, make Adjusting Entries, create an Adjusted Trial Balance, and then prepare Financial Reports for Mookie The Beagle Coach. TRIAL BALANCE The purpose of the Trial Balance is to verify that our accounting system balances (debits equal credits) before we enter adjusting entries. Required: Complete the following to prepare a Trial Balance for Mookie The Beagle Coach. 1. From the Navigation Bar, select Reports 2. Select Standard report tab 3. Select Report Category: For My Accountant 4. Select Trial Balance and complete steps to run the Trial Balance at 02/29/2024 5. Export the Trial Balance to Excel. Answer the following questions about Mookie The Beagle Coach Trial Balance. 1. What is the amount of Total Debits? 2. What is amount of Total Credits? 3. What is balance in the 5035 Insurance Expense: Liability Insurance Expense account? 4. What is balance in the 5045 Office Supplies & Software account? Note: For all requirements, answer the questions in the table shown below. Round your answers 2 decimal places. 1. Amount of total debits 2. Amount of total credits 3. Liability insurance expense account 4. Office supplies and software account
Saved Help Balance lists each account and the account balance at the end of the accounting period. Prepare a Trial Balance to verify that the accounting system is in balance-total debits should equal total credits. .Adjustments. At the end of the accounting period before preparing financial statements, make any adjustments necessary to bring the accounts up to date. Adjustments are entered in the Journal using debits and credits. Adjusted Trial Balance. Prepare an Adjusted Trial Balance (a Trial Balance after adjustments) to verify that the accounting system still balances. ⚫ Financial Reports. Prepare financial statements (Profit and Loss, Balance Sheet, and Statement of Cash Flows) for external users and internal users. Prepare management reports. For Mookie The Beagle Coach, we have prepared the Chart of Accounts and entered Transactions. Next, we need to create a Trial Balance, make Adjusting Entries, create an Adjusted Trial Balance, and then prepare Financial Reports for Mookie The Beagle Coach. TRIAL BALANCE The purpose of the Trial Balance is to verify that our accounting system balances (debits equal credits) before we enter adjusting entries. Required: Complete the following to prepare a Trial Balance for Mookie The Beagle Coach. 1. From the Navigation Bar, select Reports 2. Select Standard report tab 3. Select Report Category: For My Accountant 4. Select Trial Balance and complete steps to run the Trial Balance at 02/29/2024 5. Export the Trial Balance to Excel. Answer the following questions about Mookie The Beagle Coach Trial Balance. 1. What is the amount of Total Debits? 2. What is amount of Total Credits? 3. What is balance in the 5035 Insurance Expense: Liability Insurance Expense account? 4. What is balance in the 5045 Office Supplies & Software account? Note: For all requirements, answer the questions in the table shown below. Round your answers 2 decimal places. 1. Amount of total debits 2. Amount of total credits 3. Liability insurance expense account 4. Office supplies and software account
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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Balance lists each account and the account balance at the end of the accounting period. Prepare a Trial Balance to verify that the
accounting system is in balance-total debits should equal total credits.
.Adjustments. At the end of the accounting period before preparing financial statements, make any adjustments necessary to
bring the accounts up to date. Adjustments are entered in the Journal using debits and credits.
Adjusted Trial Balance. Prepare an Adjusted Trial Balance (a Trial Balance after adjustments) to verify that the accounting system
still balances.
⚫ Financial Reports. Prepare financial statements (Profit and Loss, Balance Sheet, and Statement of Cash Flows) for external users
and internal users. Prepare management reports.
For Mookie The Beagle Coach, we have prepared the Chart of Accounts and entered Transactions. Next, we need to create a Trial
Balance, make Adjusting Entries, create an Adjusted Trial Balance, and then prepare Financial Reports for Mookie The Beagle Coach.
TRIAL BALANCE
The purpose of the Trial Balance is to verify that our accounting system balances (debits equal credits) before we enter adjusting
entries.
Required:
Complete the following to prepare a Trial Balance for Mookie The Beagle Coach.
1. From the Navigation Bar, select Reports
2. Select Standard report tab
3. Select Report Category: For My Accountant
4. Select Trial Balance and complete steps to run the Trial Balance at 02/29/2024
5. Export the Trial Balance to Excel.
Answer the following questions about Mookie The Beagle Coach Trial Balance.
1. What is the amount of Total Debits?
2. What is amount of Total Credits?
3. What is balance in the 5035 Insurance Expense: Liability Insurance Expense account?
4. What is balance in the 5045 Office Supplies & Software account?
Note: For all requirements, answer the questions in the table shown below. Round your answers 2 decimal places.
1. Amount of total debits
2. Amount of total credits
3. Liability insurance expense account
4. Office supplies and software account
Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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