Homework Answers
| Answer | |||
| Date | Account title and explanation | Debit | Credit |
| 30-Sep-18 | Sales revenue | $3,28,480 | |
| Income tax expense | $ 10,590 | ||
| Office expenses | $ 6,390 | ||
| Rent expense | $1,65,100 | ||
| Salaries and wages expense | $1,29,600 | ||
| Retained earnings | $ 16,800 | ||
| (To record closing entries) |
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The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal...
Required information [The following information applies to the questions displayed below.] The following is a list...
Required information [The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165,...
[The following information applies to the questions displayed below.] The following is a list of accounts...
[The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165, 100 99,810...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO 4-3, LO 4-5] (The following information applies to the questions displayed below.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries...
The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal...
The following is a list of accounts and adjusted amounts for
Rollcom, Inc., for the fiscal year ended September 30, 2018. The
accounts have normal debit or credit balances.
Accounts Payable
$
39,300
Accounts Receivable
66,700
Accumulated Depreciation
21,700
Cash
80,500
Common Stock
95,000
Equipment
90,900
Income Tax Expense
10,520
Notes Payable (long-term)
1,520
Office Expenses
6,320
Rent Expense
164,400
Retained Earnings
99,880
Salaries and Wages Expense
128,900
Sales Revenue
326,240
Supplies
35,400
Prepare the closing entry required at September...
Required information [The following information applies to the questions displayed below) The following is a list...
Required information [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debitor credit balances, Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,204 99,900...
! 13 Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial...
! 13 Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) (The following information applies to the questions displayed below.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debitor credit balances 26.51 1 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Incone Tax Expense Notes Payable (long-term) Office Expenses Rent Expense...
Required information [The following information applies to the questions displayed below. Starbooks Corporation provides an online...
Required information [The following information applies to the questions displayed below. Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debitor credit balances. Assume the year ended on September 30, 2018. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained...
[The following information applies to the questions displayed below] The following is a list of accounts...
[The following information applies to the questions displayed below] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 201 The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,300 66,700 21,700 80,500 95,000 90,900 10,520 1,520 6,320 164,400 99,880 128,900 326,240...
[The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for...
[The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. $ 591 291 891 291 191 191 291 3,191 291 91 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax pense Interest Revenue Notes...
Following are Nintendo's revenue and expense accounts for a recent March 31 fiscal year-end lyen in...
Following are Nintendo's revenue and expense accounts for a recent March 31 fiscal year-end lyen in millions), (Enter answers in millions.) Net sales Cont of sales Advertising expense Other expense, net V504,459 283,494 46,636 157.811 Prepare the company's closing entries for (1) its revenues and (2) its expenses 6 View transaction list Journal entry worksheet 3.35 points eBook Record the closure of revenue account. Hint Print Note: Enter debits before credits. References General Journal Debit Credit Date March 31 Record...
Required information [The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165,...
[The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165, 100 99,810...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO 4-3, LO 4-5] (The following information applies to the questions displayed below.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries...
The following is a list of accounts and adjusted amounts for
Rollcom, Inc., for the fiscal year ended September 30, 2018. The
accounts have normal debit or credit balances.
Accounts Payable
$
39,300
Accounts Receivable
66,700
Accumulated Depreciation
21,700
Cash
80,500
Common Stock
95,000
Equipment
90,900
Income Tax Expense
10,520
Notes Payable (long-term)
1,520
Office Expenses
6,320
Rent Expense
164,400
Retained Earnings
99,880
Salaries and Wages Expense
128,900
Sales Revenue
326,240
Supplies
35,400
Prepare the closing entry required at September...
Required information [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debitor credit balances, Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,204 99,900...
! 13 Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) (The following information applies to the questions displayed below.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debitor credit balances 26.51 1 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Incone Tax Expense Notes Payable (long-term) Office Expenses Rent Expense...
Required information [The following information applies to the questions displayed below. Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debitor credit balances. Assume the year ended on September 30, 2018. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained...
[The following information applies to the questions displayed below] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 201 The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,300 66,700 21,700 80,500 95,000 90,900 10,520 1,520 6,320 164,400 99,880 128,900 326,240...
[The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. $ 591 291 891 291 191 191 291 3,191 291 91 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax pense Interest Revenue Notes...
Following are Nintendo's revenue and expense accounts for a recent March 31 fiscal year-end lyen in millions), (Enter answers in millions.) Net sales Cont of sales Advertising expense Other expense, net V504,459 283,494 46,636 157.811 Prepare the company's closing entries for (1) its revenues and (2) its expenses 6 View transaction list Journal entry worksheet 3.35 points eBook Record the closure of revenue account. Hint Print Note: Enter debits before credits. References General Journal Debit Credit Date March 31 Record...
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