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Homework answers / question archive / Complete requirements of the Jane's Skateboards case for the third milestone of the course project

Complete requirements of the Jane's Skateboards case for the third milestone of the course project

Accounting

Complete requirements of the Jane's Skateboards case for the third milestone of the course project. Use the file you completed in milestone two. Below are some of the mistakes found. I have attached the template, and the one with it completed, just with some issues. 

Beginning Trail balance: 138,500 

Adjusting entries: $1,305

Insurance expense $500

Supplies Expense $350

Adjusted Trail Balance: $138,795; Debit and Credit balances.  

Financial Statements:

Net Income $1,595  INCORRECT

Total assets equal to Liab Plus Equity =$125,800 

Accounts Payable, 25,595

Post closing entries

Debit equals credit $13,200

Dividend on Post closing,. You had $15,000  incorrect.

 Post closing  Trial balance  $125,850  INCORRECT

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