Whispering Winds started her own consulting firm, Whispering Winds Corp., on May 1, 2020.
Whispering Winds started her own consulting firm, Whispering Winds Corp., on May 1, 2020. The trial balance at May 31 is as follows.
In addition to those accounts listed on the trial balance, the chart of accounts for Whispering Winds Corp. also contains the following accounts and account numbers: No. 150 Accumulated Depreciation--Equipment, No. 212 Salaries and Wages Payable, No.631 Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense.
Other data:
1. $900 of supplies have been used during the month.
2. Utilities expense incurred but not paid on May 31, 2020, $300.
3. The insurance policy is for 2 years.
4. $400 of the balance in the unearned service revenue account remains unearned at the end of the month.
5. May 31 is a Wednesday, and employees are paid on Fridays. Nardelli Consulting has two employees, who are paid $1,000 each for a 5-day work week.
6. The equipment has a 5-year life with no salvage value. It is being depreciated at $200 per month for 60 months.
7. Invoices representing $1,600 of services performed during the month have not been recorded as of May 31.
Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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Whispering Winds started her own consulting firm, Whispering Winds Corp., on May 1, 2020.
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Sharon Lee started her own consulting firm, Lee Consulting, on May 1, 2020. The trial balance at May 31 is as follows. LEE CONSULTING Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash $ 4,600 112 Accounts Receivable 5,900 126 Supplies 2,000 130 Prepaid Insurance 4,800 149 Equipment 10,200 201 Accounts Payable $ 4,200 209 Unearned Service Revenue 1,900 301 Owner’s Capital 18,200 400 Service Revenue 8,100 726 Salaries and Wages Expense 3,500 729 Rent Expense 1,400 $32,400...
Problem 3-01A a-c Nancy Jackson started her own consulting firm, Jackson Consulting, on May 1, 2020....
Problem 3-01A a-c
Nancy Jackson started her own consulting firm, Jackson
Consulting, on May 1, 2020. The trial balance at May 31 is as
follows.
In addition to those accounts listed on the trial balance, the
chart of accounts for Jackson Consulting also contains the
following accounts and account numbers: No. 150 Accumulated
Depreciation—Equipment, No. 212 Salaries and Wages Payable, No. 631
Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance
Expense, and No. 732 Utilities Expense.
Other data:
1....
Michelle Walker started her own consulting firm, Walker Consulting, on May 1, 2020. The trial balance at May 31 is as follows. WALKER CONSULTING Trial Balance May 31, 2020 Account Number Debit Credit Cash $4,400 Accounts Receivable 6,200 Supplies Prepaid Insurance 1.900 4,800 12,000 Equipment Accounts Payable $ 4.800 Unearned Service Revenue Owner's Capital 2,100 19,700 7.500 Service Revenue Salaries and Wages Expense 3.400 Rent Expense 1.400 $34,100 $34,100 Salaries and Wages Expense 3400 Rent Expense 1,400 $34,100 $34,100 In...
3.1 (LO 2, 3, 4) Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The rial balance at May 31 is as follows. Cuono Consulting Trial Balance May 31, 2020 Account Number Debit Credit 101 112 126 € 4,500 6,000 1,900 3,600 11,400 130 149 201 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Share CapitalOrdinary Service Revenue Salaries and Wages Expense Rent Expense 209 311 € 4,500 2,000 18,700 9,500 729...
3.1 (LO 2, 3, 4) Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The rial balance at May 31 is as follows. Cuono Consulting Trial Balance May 31, 2020 Debit Credit Account Number 101 112 € 4,500 6,000 1,900 3,600 11,400 130 149 201 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Share Capital-Ordinary Service Revenue Salaries and Wages Expense Rent Expense 209 311 400 € 4,500 2,000 18,700 9,500 6,400...
3.1 (LO 2, 3, 4) Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The rial balance at May 31 is as follows. Cuono Consulting Trial Balance May 31, 2020 Credit Debit Account Number € 4,500 6,000 1,900 3,600 11,400 Cash 101 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue 112 126 130 149 € 4,500 2,000 18,700 9,500 201 209 Share Capital-Ordinary Service Revenue 311 400 726 Salaries and Wages Expense Rent...
Problem 3-01A a-c (Video) Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2020. The trial balance at May 31 is as follows. Nardelli Consulting Trial Balance May 31, 2020 Credit Account Number 101 112 126 Debit $ 4,500 6,000 1,900 3,600 11,400 201 209 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 2,200 2,000 20,000 7,500 311 400 3,400 900 $31,700...
Problem 3-01A a-c
Nancy Jackson started her own consulting firm, Jackson
Consulting, on May 1, 2020. The trial balance at May 31 is as
follows.
In addition to those accounts listed on the trial balance, the
chart of accounts for Jackson Consulting also contains the
following accounts and account numbers: No. 150 Accumulated
Depreciation—Equipment, No. 212 Salaries and Wages Payable, No. 631
Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance
Expense, and No. 732 Utilities Expense.
Other data:
1....
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