The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet...
The following selected accounts appear in the adjusted trial
balance columns of the worksheet for Goulet Company.
Identify the accounts that would be included in a post-closing
trial balance.
| Accumulated Depreciation—Equipment |
NoYes |
|
| Depreciation Expense |
NoYes |
|
| Common Stock |
YesNo |
|
| Dividends |
YesNo |
|
| Service Revenue |
NoYes |
|
| Supplies |
YesNo |
|
| Accounts Payable |
NoYes |
Homework Answers
| Accumulated Depreciation—Equipment | Yes | |
| Depreciation Expense | No | |
| Common Stock | Yes | |
| Dividends | No | |
| Service Revenue | No | |
| Supplies | Yes | |
| Accounts Payable | Yes | |
| Note: only balance sheet account rests with the post closing trial balance and all income statement accounts got closed to retained earning. | ||
Add Answer to:
The following selected accounts appear in the adjusted trial
balance columns of the worksheet for Goulet...
The adjusted trial balance columns of the worksheet for Grouper Company are as follows. Grouper Company...
The adjusted trial balance columns of the worksheet for Grouper Company are as follows. Grouper Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr Cash 10,000 Accounts Receivable 7,800 Prepaid Rent 2,160 Equipment 23,100 Accumulated Depreciation-Equip. 5.500 Notes Payable 5,700 Accounts Payable 5,500 Common Stock 18.420 Retained Earnings 7,800 Dividends 3,500 Service Revenue 16,000 Salaries and Wages Expense 10,760 Rent Expense 900 Depreciation Expense 700 Interest Expense 70 Interest Payable 70 Totals...
Identify the accounts that would be included in a post-closing trial balance.
The following selected accounts appear in the adjusted trial balance for Deane Company. Identify the accounts that would be included in a post-closing trial balance.(a) Accumulated Depreciation.(b) Depreciation Expense.(c) Retained Earnings (ending).(d) Dividends.(e) Service Revenue.(f) Supplies.(g) Accounts Payable.
The adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
The adjusted trial balance
columns of the worksheet for Blue Spruce Company are as follows.
Blue Spruce Company Worksheet (Partial) For the Month Ended April
30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400
Accounts Receivable 7,900 Prepaid Rent 2,100 Equipment 23,300
Accumulated Depreciation—Equip. 4,500 Notes Payable 5,500 Accounts
Payable 4,800 Common Stock 22,290 Retained Earnings 7,810 Dividends
3,500 Service Revenue 15,800 Salaries and Wages Expense 10,900 Rent
Expense 900 Depreciation Expense 700 Interest Expense 60 Interest
Payable...
Problem 4-02A a-e (Part Level Submission) The adjusted trial balance columns of the worksheet for Pina...
Problem 4-02A a-e (Part Level Submission) The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Account No. 101 112 126 130 Receivable 200 Pina Colada Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Dr. Cash 5,200 Accounts Receivable 10,800 Supplies 1,200 Prepaid Insurance 2,100 Equipment 27,000 Accumulated Depreciation Equipment 5,600 Notes Payable 14,000 Accounts Payable 6,300 Salaries and Wages Payable 2,300 Interest Payable 600 Common Stock 9,750 Retained...
he adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. DESOUSA COMPANY...
The adjusted trial balance columns of the worksheet for DeSousa Company are as follows. DESOUSA COMPANY Worksheet (partial) For the Month Ended April 30, 2017 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation—Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable 57...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,500 Accounts Receivable 7,760 Prepaid Rent 2,080 Equipment 22,950 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 21,000 Retained Earnings 7,250 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 10,560 Rent Expense 800 Depreciation Expense 600 Interest Expense Interest Payable Totals 59,180 59,180 30...
The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Post the...
The adjusted trial balance columns of the worksheet for
Bridgeport Company are as follows.
Post the closing entries to Income Summary and Retained
Earnings.
Bridgeport Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,000 Prepaid Rent 2,440 Equipment 22,900 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 20,060 Retained Earnings 7,100 Dividends 3,800 Service Revenue 16,000 Salaries and Wages Expense 10,920 Rent Expense 900...
The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Complete the...
The adjusted trial balance columns of the worksheet for
Bridgeport Company are as follows.
Complete the worksheet.
Exercise 4-02 The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Complete the worksheet. Bridgeport Company Worksheet (Partial) Balance Sheet Adjusted Trial Balance Cr. Income Statement Dr. Cr. Account Titles Dr. Cash 10,600 Accounts Receivable 7,100 Prepaid Rent 2,200 Equipment 23,200 Accumulated Depreciation-Equip. 4,600 Notes Payable 5,900 Accounts Payable 4,800 Common Stock 20,400 Retained Earnings 7,750 Dividends 3,400...
the red column is incorrect. Exercise 4-4 The adjusted trial balance columns of the worksheet for...
the red column is incorrect.
Exercise 4-4 The adjusted trial balance columns of the worksheet for Sarasota Company are as follows. Sarasota Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Cash 1,500 Accounts Receivable 7,160 Prepaid Rent 2,160 Equipment 22,700 Accumulated Depreciation-Equip. 5,500 Notes Payable 5,600 Accounts Payable 5,000 Common Stock 18,780 Retained Earnings 8,750 Dividends 3,800 Service Revenue 16,000 Salaries and Wages Expense 10,760 Rent Expense 850 Depreciation Expense Interest Expense Interest...
The adjusted trial balance columns of the worksheet for Grouper Company are as follows. Grouper Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr Cash 10,000 Accounts Receivable 7,800 Prepaid Rent 2,160 Equipment 23,100 Accumulated Depreciation-Equip. 5.500 Notes Payable 5,700 Accounts Payable 5,500 Common Stock 18.420 Retained Earnings 7,800 Dividends 3,500 Service Revenue 16,000 Salaries and Wages Expense 10,760 Rent Expense 900 Depreciation Expense 700 Interest Expense 70 Interest Payable 70 Totals...
The adjusted trial balance
columns of the worksheet for Blue Spruce Company are as follows.
Blue Spruce Company Worksheet (Partial) For the Month Ended April
30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400
Accounts Receivable 7,900 Prepaid Rent 2,100 Equipment 23,300
Accumulated Depreciation—Equip. 4,500 Notes Payable 5,500 Accounts
Payable 4,800 Common Stock 22,290 Retained Earnings 7,810 Dividends
3,500 Service Revenue 15,800 Salaries and Wages Expense 10,900 Rent
Expense 900 Depreciation Expense 700 Interest Expense 60 Interest
Payable...
Problem 4-02A a-e (Part Level Submission) The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Account No. 101 112 126 130 Receivable 200 Pina Colada Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Dr. Cash 5,200 Accounts Receivable 10,800 Supplies 1,200 Prepaid Insurance 2,100 Equipment 27,000 Accumulated Depreciation Equipment 5,600 Notes Payable 14,000 Accounts Payable 6,300 Salaries and Wages Payable 2,300 Interest Payable 600 Common Stock 9,750 Retained...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,500 Accounts Receivable 7,760 Prepaid Rent 2,080 Equipment 22,950 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 21,000 Retained Earnings 7,250 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 10,560 Rent Expense 800 Depreciation Expense 600 Interest Expense Interest Payable Totals 59,180 59,180 30...
The adjusted trial balance columns of the worksheet for
Bridgeport Company are as follows.
Post the closing entries to Income Summary and Retained
Earnings.
Bridgeport Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,000 Prepaid Rent 2,440 Equipment 22,900 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 20,060 Retained Earnings 7,100 Dividends 3,800 Service Revenue 16,000 Salaries and Wages Expense 10,920 Rent Expense 900...
The adjusted trial balance columns of the worksheet for
Bridgeport Company are as follows.
Complete the worksheet.
Exercise 4-02 The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Complete the worksheet. Bridgeport Company Worksheet (Partial) Balance Sheet Adjusted Trial Balance Cr. Income Statement Dr. Cr. Account Titles Dr. Cash 10,600 Accounts Receivable 7,100 Prepaid Rent 2,200 Equipment 23,200 Accumulated Depreciation-Equip. 4,600 Notes Payable 5,900 Accounts Payable 4,800 Common Stock 20,400 Retained Earnings 7,750 Dividends 3,400...
the red column is incorrect.
Exercise 4-4 The adjusted trial balance columns of the worksheet for Sarasota Company are as follows. Sarasota Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Cash 1,500 Accounts Receivable 7,160 Prepaid Rent 2,160 Equipment 22,700 Accumulated Depreciation-Equip. 5,500 Notes Payable 5,600 Accounts Payable 5,000 Common Stock 18,780 Retained Earnings 8,750 Dividends 3,800 Service Revenue 16,000 Salaries and Wages Expense 10,760 Rent Expense 850 Depreciation Expense Interest Expense Interest...
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