Adjustments first, then an adjusted trial balance, then statements that agree with it and with each other: AC298's Unit 4 package in finished form, closing entries included. Searches like "ac 298 unit 4 assignment example", "ac298 unit 4 sample" and "ac298 unit 4 example" land here.
What a finished AC298 Unit 4 adjusted statement package looks like
The package opens with the seven adjustments for Alder Street Paint Supply, each a journal entry with a line of support beneath it: van and fixture depreciation from the schedule, insurance expired since the policy began, supplies counted on hand, two days of wages earned but unpaid, interest accrued on the bank note, an allowance for doubtful contractor accounts, and a shrinkage entry of $3,860 from the physical inventory count. An adjusted trial balance follows in three column pairs, unadjusted, adjustments and adjusted. The income statement is multi-step, with gross profit standing between net sales and operating costs. Net income and withdrawals meet in the owner's equity statement. The classified balance sheet splits current from long-term items, with the note's current portion shown separately. The package ends by closing the temporary accounts and proving the result.
How a AC298 Unit 4 example is structured
Adjustments lead because nothing downstream can be right until they are, and each one shows its computation, so the grader can test the arithmetic without rebuilding it. The worksheet-style trial balance comes next, and it is the only source the statements draw on: no figure enters a statement that cannot be found in its adjusted column. Statements then follow the order their dependencies force, income, equity, balance sheet. Every figure that appears in more than one place carries a number keyed to the capstone's reference sheet, so net income can be found on the income statement and again in the equity statement. The balance sheet total is proved against the adjusted trial balance. Closing entries come last, followed by a post-closing trial balance of permanent accounts only, confirming that revenues, expenses and withdrawals were reset for January.
Adjustments with their arithmetic
Depreciation shows cost, salvage and life; interest shows principal, rate and days. A bare adjusting entry with no computation invites the grader to assume it was guessed.
Shrinkage from the count
The physical count comes in below the perpetual record by $3,860, and the entry moves that difference into cost of goods sold, as this problem directs, rather than leaving the records to disagree with the shelves.
Multi-step, because it is a retailer
Gross profit appears before operating expenses, which lets later units compute a margin on merchandise separately from the margin on the business as a whole.
Reference numbers on shared figures
Each figure that recurs carries the number assigned on the capstone's reference sheet, so a reader can trace net income or ending capital without hunting.
Closed and proved
Closing entries zero the temporary accounts, and the post-closing trial balance shows that only assets, liabilities and capital survive into the new year.
Where marks go in AC298 Unit 4
Statements drawn from the unadjusted balances lose the most, because the error then spreads into every ratio and recommendation that follows, and in a capstone the grader checks that chain. Adjustments with no support are a close second: a depreciation figure with no schedule behind it, or accrued interest with no days counted, cannot be verified and is often marked as unsupported. On the statements themselves, a single-step income statement where the problem expects multi-step, owner draws treated as an operating cost, and the current portion of the note buried in long-term debt are the common deductions. Forcing the balance sheet to agree with an inserted plug is marked as an error, never as a shortcut. Closing entries that miss the withdrawals account, and a post-closing trial balance still carrying revenue, take smaller amounts.
Get a AC298 Unit 4 example written to your instructions
Attach the unadjusted trial balance or your Unit 3 results, the adjustment figures the problem supplies, and the rubric for Unit 4. The free first package arrives in 24-48h with every adjustment computed in view and each statement drawn from the adjusted column, closing entries added if your instructions ask for them.
AC298 Unit 4 questions, answered
Do I need a statement of cash flows in this package?
Only if the problem asks for one, and many capstone problems do by this stage. When it is required, the indirect method is the usual choice at the associate level, starting from net income and adjusting for depreciation and changes in current accounts. The sample includes one on request and ties its ending cash figure to the balance sheet.
Where does inventory shrinkage belong on the statements?
Most associate-level problems send it to cost of goods sold, which lowers gross profit and makes the loss visible in the margin. Some instructors prefer a separate line for inventory shrinkage so the owner can see it. Either is defensible if applied consistently and explained. What matters for the capstone is that the ratio analysis later uses the same figure.
How do I show that the statements agree without cluttering them?
Use reference numbers from a single sheet rather than long notes. Each figure that appears twice gets one number, and the reference sheet lists every number with its source line. Graders can then check any pair in seconds. The sample places the numbers in a narrow margin column so the statements themselves remain in standard format.