Hewlett-Packard | Preparing Balance Sheets and Statements. | Checkpoint 4 | | Cocina Williams | 1/17/2013 |

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Preparing balance sheets and statements
Checkpoint 4
By Cocina Williams
Due 01/17/2013
Acc225/Donald Huntley

Quick Study 4-2 pg. 156
List the following steps of the accounting cycle in their proper order:
a. Preparing the post-closing trial balance.
b. Posting the journal entries.
c. Journalizing and posting adjusting entries.
d. Preparing the adjusted trial balance.
e. Journalizing and posting closing entries.
f. Analyzing transactions and events.
g. Preparing the financial statements.
h. Preparing the unadjusted trial balance.
i. Journalizing transactions and event
F. Analyzing transactions and events.
I. Journalizing transactions and events.
B. Posting the journal entries.
H. Preparing the unadjusted trial balance.
C. Journalizing and posting adjusted entries.
D. Preparing the adjusted trial balance.
G. Preparing the financial statements.
E. Journalizing and posting the closing entries.
A. Preparing the post-closing trial balance.

Exercise 4-4 Pg. 159
WEBB TRUCKING COMPANY Balance Sheet December 31, 2005
Assets
Current assets Cash......................................................... $ 7,000 Accounts receivable ..................................... 16,500 Office supplies........................................... 2,000 Total current assets...................................... 25,500
Plant assets Trucks........................................................ $170,000 Accumulated depreciation-Trucks............. (35,000) 135,000 Land............................................................ 75,000 Total plant assets...................................... 210,000
Total assets.................................................. $235,500