muse daycare centre mdc has been providing daycare services to its local com munity for several years 2/

We can write your essays! Let our essay writing experts help you get that A in your next essay. Place your order today, and you will enjoy it. No plagiarism.

Order a Similar Paper Order a Different Paper

Additional information about several transactions that occurred during the year:
a. Several parents did not pay the fee for the last week of daycare. These parents would pay $1,400 (which included $700 owed in December) in the first week of January.
b. A physical count of art supplies showed that there was $1,500 of art supplies on hand on December 31. The balance of Art Supplies Expense, $4,800 on December 31, represents art supplies purchased during the year.
c. The balance of Prepaid Rent represents the 4 months of rent paid on November 1.
d. Playground Equipment was estimated to last for 10 years, with a salvage value of $4,000 at the end of 10th year. No adjustment was made in 2013.
e. Three daycare workers each earned $80/day. Seven days of wages were earned by employees, but not paid on December 31.
f. Half of the unearned revenue was earned in December.
g. The utilities expense for December was estimated at $480. The utility bill usually arrived during the first week of the following month.
h. MDC income tax rate was 30%.
Using the adjusted trial balance from P3-8B, prepare the closing entries for 2013 and the post-closing trial balance in the worksheet.

Everyone needs a little help with academic work from time to time. Hire the best essay writing professionals working for us today!

Get a 15% discount for your first order

Order a Similar Paper Order a Different Paper