I need help with Fargo Homework assignment - accounting page 6, question # 24, 2

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I need help with Fargo Homework assignment - accounting page 6, question # 24, 25, 26, 27. Thank you so much

Fargo Homework Assignment This assignment focuses on account analysis. You have Fargo's adjusted trial balance and are asked to analyze the activity in selected accounts to determine information about beginning balances, ending balances and activity during the period. We will discuss how to get started with this exercise in class on Monday, January s0. Bring your copy of the case to class. This is a hand-in assignment- you are to work independently. Iwill check your work on Monday, February 6 and Monday, March 20 (these will count as two separate homework checks). The completed assignment is due April 10 (hard copy) The July 31, 2014 adiusted trial balance of Fargo Company is presented below. Notice that the total debits and credits for each account are listed (including the beginning account ending balance. Fargo's fiscal year end is June 30. All adjusting entries have been made for the month of July 2014, except the adjustment for inventory ACCOUNT DEBIT 68,500 54,600 58,00054,400 Cash Accounts Receivable Allowance for Credit Losses 1,100 Inventony 60,000 Prepaid Advertising Office Supplies Office Equipment 22,000 7,600 31,90040,000 Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable 100 Dividends Payable Notes Payable Common Stock APIC-C/S Retained Earnings Sales Revenue Sales Returns Sales Discounts 3,500 3,000 30,000 14,200 20,000 7,20019,900 500 Purchase Returns and Allowances Purchase Discounts Salaries Expense Office Supplies Expense Insurance Expense Advertising Expense Bad Debt Expense Miscellaneous Expense Depreciation Expense Interest Expense Gain/Loss on Sale of Equipment Totals 9,200 200 S 316.600

Explanation / Answer

Working:

25.

26.

27.

24. Cost of Goods Sold 30700

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