P7-10 (pg388)   Evergreen Company

Required:

REQ1- prepare the necessary journal entries for Evergreen for each of the about dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold (round all calculations to nearest dollar).

REQ2-prepare any necessary adjusting entries at December 21, 2011. Adjusting entries are only recorded at year-end (round all calculations to nearest dollar).

REQ3-prepare a schedule showing the effect of the journal entries in requirement 1 and 2 on 2011 income before taxes

 

 

P7-14 pg 389 El Gato

REQ1 prepare a bank reconciliation for checking account at December 31st , 2011

REQ2 prepare any necessary adjusting journal entries indicated

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