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Homework Chapter #3 instructions I help Questions 12-16 (of 16) Save & Exit Submit The following...
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[The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: AccountsDebitsCredits Cash$13,500 Accounts Receivable6,700 Supplies2,700 Equipment16,500 Accumulated Depreciation$5,600 Salaries Payable8,100 Common Stock18,500 Retained Earnings7,200 Totals$39,400$39,400 The following is a summary of the transactions for the year:March 12 Provide services to customers, $47,000, of which $19,700 is on account.May 2 Collect on accounts receivable, $16,700.June 30 Issue shares of common stock in exchange for $6,000 cash.August 1 Pay salaries, $24,700 (of which $8,100 is for salaries payable in...
< Questions 5.9 of 19 > . Sove & Submit The following information applies to the...
< Questions 5.9 of 19 > . Sove & Submit The following information applies to the questions displayed below! On January 2018, Red Flash Photography had the following balances: Cash, $18,000: Supplies, $8.600 Land, $66,000: Deferred Revenue, $5,600; Common Stock $56.000, Retained Earnings, $31.000. During 2018, the company had the following transactions 1 Issue additional shares of common stock $26.000 2. Provide services to customers for cash, 541.000, and on account $36,000. 3. Paysalaries to employees for work in 2018....
Chapter 5 Homework Help Save & Exit Submit 10 Cottage Co. deposits all cash receipts on...
Chapter 5 Homework Help Save & Exit Submit 10 Cottage Co. deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on December 31, its Cash account shows a debit balance of $18.453 The company's bank statement as of December 31 shows an ending cash balance of $15.981. The following information was also available Outstanding checks as of December 31 total $2,291 . Included with the...
Chapter 2 HW Help Save &ExitSubmit Check my work 5 Exercise 2-13 Closing entries [LO2-7) American...
Chapter 2 HW Help Save &ExitSubmit Check my work 5 Exercise 2-13 Closing entries [LO2-7) American Chip Corporation's fiscal year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2018 92,000 870,000 3,500 eBook Hint int Retained Gas Sales revenue Interent revente Cost of goods sold Salarles expense Rent expense Depreciation expense Tnterest expense Insurance expense 80,000 110,000 27,000 42,000 6,200 7,200 References Required: Prepare the necessary closing entries at December 31, 2018. (f...
Exercise 3-18 Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal...
Exercise 3-18 Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal year-end is December 31, 2018. The following is an adjusted trial balance as of December 31 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Credit Debit 10,500 31,500 22,500 $ 1,500 15,000 32,500 2,500 55,500 18,500 11,500 8,500 6,500 Totals $112,000 112,000 1. Prepare the necessary closing entries....
Exercise 3-19 Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) [The following information...
Exercise 3-19 Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) [The following information applies to the questions displayed below.,] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Debit Credit Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 11,800 148,000 5,800 29,000...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at January 1, 2018, includes the following account balances Accounts Cash Accounts Recelvable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Deblits Credits 25,600 16.400 14,000 158,000 $ 7700 6,800 153,000 46,500 Totals $214,000 $214.000 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $144,100, and on account, $57,200 b. February 12...
bottom row is total Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7,...
bottom row is total
Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31, Credit Debit $ 18,000 11,800 2,000 23.000 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent...
Exercise 3-17A Record closing entries (LO3-6) Seminoles Corporation's fiscal year-end is December 31, 2021. The following...
Exercise 3-17A Record closing entries (LO3-6) Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Debit Credit $25,000 $ 2,500 45,000 5,500 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,500 5,500 2,500 10,500 4,500 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first...
Upg 2020 NUU 211 0... Chapter 3 Quiz Homework Favorit Saved Help Save & Exit Submit...
Upg 2020 NUU 211 0... Chapter 3 Quiz Homework Favorit Saved Help Save & Exit Submit QS 3-7 Adjusting prepaid expenses LO P1 Check my work a. On July 1, 2017, Lopez Company paid $2,900 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2017 b. Zim Company has a Supplies account balance of $8,400 on January 1, 2017. During 2017, it purchased $3,700 of supplies. As...
< Questions 5.9 of 19 > . Sove & Submit The following information applies to the questions displayed below! On January 2018, Red Flash Photography had the following balances: Cash, $18,000: Supplies, $8.600 Land, $66,000: Deferred Revenue, $5,600; Common Stock $56.000, Retained Earnings, $31.000. During 2018, the company had the following transactions 1 Issue additional shares of common stock $26.000 2. Provide services to customers for cash, 541.000, and on account $36,000. 3. Paysalaries to employees for work in 2018....
Chapter 5 Homework Help Save & Exit Submit 10 Cottage Co. deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on December 31, its Cash account shows a debit balance of $18.453 The company's bank statement as of December 31 shows an ending cash balance of $15.981. The following information was also available Outstanding checks as of December 31 total $2,291 . Included with the...
Chapter 2 HW Help Save &ExitSubmit Check my work 5 Exercise 2-13 Closing entries [LO2-7) American Chip Corporation's fiscal year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2018 92,000 870,000 3,500 eBook Hint int Retained Gas Sales revenue Interent revente Cost of goods sold Salarles expense Rent expense Depreciation expense Tnterest expense Insurance expense 80,000 110,000 27,000 42,000 6,200 7,200 References Required: Prepare the necessary closing entries at December 31, 2018. (f...
Exercise 3-18 Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal year-end is December 31, 2018. The following is an adjusted trial balance as of December 31 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Credit Debit 10,500 31,500 22,500 $ 1,500 15,000 32,500 2,500 55,500 18,500 11,500 8,500 6,500 Totals $112,000 112,000 1. Prepare the necessary closing entries....
Exercise 3-19 Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) [The following information applies to the questions displayed below.,] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Debit Credit Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 11,800 148,000 5,800 29,000...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at January 1, 2018, includes the following account balances Accounts Cash Accounts Recelvable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Deblits Credits 25,600 16.400 14,000 158,000 $ 7700 6,800 153,000 46,500 Totals $214,000 $214.000 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $144,100, and on account, $57,200 b. February 12...
bottom row is total
Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31, Credit Debit $ 18,000 11,800 2,000 23.000 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent...
Exercise 3-17A Record closing entries (LO3-6) Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Debit Credit $25,000 $ 2,500 45,000 5,500 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,500 5,500 2,500 10,500 4,500 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first...
Upg 2020 NUU 211 0... Chapter 3 Quiz Homework Favorit Saved Help Save & Exit Submit QS 3-7 Adjusting prepaid expenses LO P1 Check my work a. On July 1, 2017, Lopez Company paid $2,900 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2017 b. Zim Company has a Supplies account balance of $8,400 on January 1, 2017. During 2017, it purchased $3,700 of supplies. As...
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