Bob has organized a new business called Bob's Shovels Inc.
I need help posting transactions from Bob's Shovels to his General Ledger, posting adjusting entries and closing entries, closing out the Income Summary account to Retained Earnings, and preparing a Balance Sheet and Income Statement for the year end.
I also need help with a job order costing question and activity-based costing question.
I've attached the questions below.© BrainMass Inc. brainmass.com June 4, 2020, 3:09 am ad1c9bdddf
I've provided a detailed spreadsheet which shows all the transactions ...
This solution provides guidance for problems related to accounting transactions for a theoretical new company.