Chapter 3, Problem 3.6C

Hi pls journalize    equired:Journalize the transactionsSet up T accounts and post beginning account balances and transactions given above, adding T accounts necessaryJournalize and post closing entriesPrepare a trial balance for the month ending Prepare an income statement for the month ending (ignore taxes)Prepare a statement of retained earnings Prepare an ending balance sheet Problem: The beginning balances in ledger of DBM Corporation for September 01, 2018 were as follows; ACCOUNTDEBITCREDIT Accounts ReceivablePhp 2,160 Accounts Payable Php 3,070 Paid in capital – common stock 4,990 Cash3,910 Notes payable 600 Property, plant and equipment (at cost)6,200 Allowance for doubtful accounts 540 Inventories1,730 Accumulated depreciation 2,800 Prepaid expenses1,250 Retained earnings 2,250 Good will1,000 Estimated tax liability 750 Marketable Securities1,750 Accrued expense 1,000 Patents and trademarks500 Bonds payable 2,000 Investments1,500 Deferred Revenue1,000 Other liabilities…

Hi pls Journalize the transaction And set up T accounts and post beginning account balances and transactions. Pls also Journalize and post closing entries and Prepare a trial balance for the month ending  and Prepare an income statement for the month ending (ignore taxes) and Prepare a statement of retained earning and Prepare an ending balance sheet Problem: The beginning balances in ledger of DBM Corporation for September 01, 2018 were as follows; Account Debit Credit Accounts Payable 2,160   Accounts Receivable   3,070 Paid in capital- common stock   4,990 Cash 3,910   Notes Payable   600 Property, plant, and equipment (at cost) 6,200   Allowances for doubtful accounts   540 Inventories 1,730   Accumulated depreciation   2,800 Prepaid Expenses 1,250   Retained earnings   2,250 Good will 1,000   Estimated tax liability   750 Marketable securities 1,750   Accrued Expense   1,000 Patents and trademarks 500   Bonds payable   2,000 Investment…

List the title of each balance sheet account in the Accounts column. Step 2. For each balance sheet account, enter its balance as of December 31, 20Y7, in the first column and its balance as of December 31, 20Y8, in the last column. Place the credit balances in parentheses. Step 3. Add the December 31, 20Y7 and 20Y8 column totals, which should total to zero. Step 4. Analyze the change during the year in each noncash account to determine its net increase (decrease) and classify the change as affecting cash flows from operating activities, investing activities, financing activities, or noncash investing and financing activities. Step 5. Indicate the effect of the change on cash flows by making entries in the Transactions columns. Step 6. After all noncash accounts have been analyzed, enter the net increase (decrease) in cash during the period. Step 7. Add the Debit and Credit Transactions columns. The totals should be equal. Exhibit8.