In each of the following transaction (a) through (c) the Catena’s Marketing Company indicated the amount and the direction of effects
In each of the following transaction (a) through (c) the Catena’s Marketing Company indicated the amount and the direction of effects of the adjusting entry on the elements of the balance sheet and income statement indicate + for increase. -for decrease (Reductions in account balance should be indicated with a minus sign)
Collected $1,200 rent for the period December 1 of the current year to April 1 of next year, which was credit to Unearned Rent on December 1.
Purchased a machine for $32,000 cash on January 1. The company estimates annual depreciation at $3,200.
Paid $5,000 for a two-year insurance premium on July 1 of the current-year: debited Prepaid Insurance for that amount.
Balance Sheet Income statement
Transaction Assets Liability Stockholder Revenue Expenses Net Income
Equity
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In each of the following transaction (a) through (c) the Catena’s Marketing Company indicated the amount and the direction of effects
In each of the following transactions (a) through (C) for Catena's Marketing Company, indicate the amounts...
In each of the following transactions (a) through (C) for Catena's Marketing Company, indicate the amounts and the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. Indicate + for increase, – for decrease. (Reductions in account balances should be indicated with a minus sign.) a. Collected $2,000 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on...
In each of the following transaction (a) through (c) for Canten’a Marketing Company the amounts and...
In each of the following transaction (a) through (c) for Canten’a Marketing Company the amounts and the direction of effects of the adjusting entry on the elements f the balance sheet and income statement. Indicate + for increase, -for decrease (Reductions in account balance should be indicated with a minus sign.) a. Estimated electricity usage at $450 for December; to be paid In January of next year. b. On September 1 of the current year, loaned $6,000 to an officer...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year....
Catena's Marketing Company has the following adjusted trial
balance at the end of the current year. Cash dividends of $600 were
declared at the end of the year, and 600 additional shares of
common stock ($0.10 par value per share) were issued at the end of
the year for $2,400 in cash (for a total at the end of the year of
830 shares). These effects are included below:
Catena’s Marketing Company
Adjusted Trial Balance
End of the Current Year...
Week 4 – Assignment Question A: 1] Collected $1,000 rent for the period December 1, 2012,...
Week 4 – Assignment Question A: 1] Collected $1,000 rent for the period December 1, 2012, to April 1, 2013, which was credited to Unearned Rent Revenue on December 1, 2012. 2] Purchased a machine for $32,000 cash on January 1, 2008. The company estimates annual depreciation at $3,000. 3] Paid $4,200 for a two-year insurance premium on July 1, 2012; debited Prepaid Insurance for that amount. Instruction: Please make and adjusted transactions Questions B: Determining Financial Statement Effects of...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year....
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at the end of the year, and 630 additional shares of common stock (50.10 par value per share) were issued at the end of the year for $2.520 in cash for a total at the end of the year of 810 shares). These effects are included below 1,620 Catena's Marketing Company Adjusted Trial Balance End of the Current...
Hello, I am really confused about this homework. She did the professor did not provide a...
Hello,
I am really confused about this homework. She did the professor
did not provide a trial balance. I need to submit homework by
5:00pm. I really need help as soon as possible. Please try to work
with what she provided
Thank You,
Hello,
This is all the teacher provided. I am going to attach a
picture.
For this question, I need a 10- column worksheet reflecting the
Trial Balance, The end of period adjustment, the adjusted trial
balance, the...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year....
Catena's Marketing Company has the following adjusted trial
balance at the end of the current year. Cash dividends of $630 were
declared at the end of the year, and 600 additional shares of
common stock ($0.10 par value per share) were issued at the end of
the year for $2,400 in cash (for a total at the end of the year of
830 shares). These effects are included below:
Catena's Marketing Company Adjusted Trial Balance End of the Current Year...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year....
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year...
Chapter 4 Catena's Marketing Company has the following adjusted trial balance at the end of the...
Chapter 4
Catena's Marketing Company has the following adjusted trial
balance at the end of the current year. Cash dividends of $600 were
declared at the end of the year, and 660 additional shares of
common stock ($0.10 par value per share) were issued at the end of
the year for $2,640 in cash (for a total at the end of the year of
810 shares). These effects are included below:
Catena's Marketing Company has the following adjusted trial balance...
2 Catena's Marketing Company has the following adjusted trial balance at the end of the current...
2 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 810 shares). These effects are included below: 15 points eBook Print References Catena's Marketing Company Adjusted Trial...
In each of the following transactions (a) through (C) for Catena's Marketing Company, indicate the amounts and the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. Indicate + for increase, – for decrease. (Reductions in account balances should be indicated with a minus sign.) a. Collected $2,000 rent for the period December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on...
Catena's Marketing Company has the following adjusted trial
balance at the end of the current year. Cash dividends of $600 were
declared at the end of the year, and 600 additional shares of
common stock ($0.10 par value per share) were issued at the end of
the year for $2,400 in cash (for a total at the end of the year of
830 shares). These effects are included below:
Catena’s Marketing Company
Adjusted Trial Balance
End of the Current Year...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at the end of the year, and 630 additional shares of common stock (50.10 par value per share) were issued at the end of the year for $2.520 in cash for a total at the end of the year of 810 shares). These effects are included below 1,620 Catena's Marketing Company Adjusted Trial Balance End of the Current...
Hello,
I am really confused about this homework. She did the professor
did not provide a trial balance. I need to submit homework by
5:00pm. I really need help as soon as possible. Please try to work
with what she provided
Thank You,
Hello,
This is all the teacher provided. I am going to attach a
picture.
For this question, I need a 10- column worksheet reflecting the
Trial Balance, The end of period adjustment, the adjusted trial
balance, the...
Catena's Marketing Company has the following adjusted trial
balance at the end of the current year. Cash dividends of $630 were
declared at the end of the year, and 600 additional shares of
common stock ($0.10 par value per share) were issued at the end of
the year for $2,400 in cash (for a total at the end of the year of
830 shares). These effects are included below:
Catena's Marketing Company Adjusted Trial Balance End of the Current Year...
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year...
Chapter 4
Catena's Marketing Company has the following adjusted trial
balance at the end of the current year. Cash dividends of $600 were
declared at the end of the year, and 660 additional shares of
common stock ($0.10 par value per share) were issued at the end of
the year for $2,640 in cash (for a total at the end of the year of
810 shares). These effects are included below:
Catena's Marketing Company has the following adjusted trial balance...
2 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 610 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,440 in cash (for a total at the end of the year of 810 shares). These effects are included below: 15 points eBook Print References Catena's Marketing Company Adjusted Trial...
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