Homework Answers
Total assets = Cash + Accounts Receivable + Prepaid insurance + Supplies
Total assets = $20,000 + $2,000 + $1,400 + $1,500
Total assets = $24,900
Add Answer to:
woud Solutions had the following accounts and balances as of December 31 Account Debit Cre Cash...
Bologna Lodging had the following accounts and balances as of December 31: Account Debit Credit Cash...
Bologna Lodging had the following accounts and balances as of December 31: Account Debit Credit Cash $ 20,000 Accounts Receivable 2,000 Salaries Expense 500 Accounts Payable $ 4,000 Lodging Revenue 7,000 Utilities Expense 500 Prepaid Insurance 1,400 Supplies 1,500 Common Stock 10,000 Retained Earnings 4,900 Totals $ 25,900 $ 25,900 Using the information in the table, calculate the total assets reported on Bologna's balance sheet for the period.
1. Jackson Services had the following accounts and balances at December 31: Cash Account Debit Credit...
1. Jackson Services had the following accounts and balances at December 31: Cash Account Debit Credit $ 20,000 Accounts Receivable 6,000 Prepaid Insurance 1,500 Supplies 5,000 Accounts Payable $ 500 R. Jackson, Capital 16,200 R. Jackson, Withdrawals 1,000 Service Revenue 20,000 Utilities Expense 2,000 Salaries Expense 1,200 Totals $ 36,700 $ 36,700 1. Determine the amount of Net Income and be sure to show all of your work.
Smiles Entertainment had the following accounts and balances at December 31: Account Debit Credit Cash $...
Smiles Entertainment had the following accounts and balances at December 31: Account Debit Credit Cash $ 10,400 Accounts Receivable 2,080 Prepaid Insurance 2,560 Supplies 1,080 Accounts Payable $ 5,200 Common Stock 4,200 Retained Earnings 940 Service Revenue 7,400 Salaries Expense 540 Utilities Expense 1,080 Totals $ 17,740 $ 17,740 Using the information in the table, calculate the company's reported net income for the period. Multiple Choice $1,180. $10,880. $5,780. $4,120. $4,660.
Centurion Co. had the following accounts and balances at December 31: Account Cash Accounts Receivable Prepaid...
Centurion Co. had the following accounts and balances at December 31: Account Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable T. Happy, Capital Service Revenue Salaries Expense Utilities Expense Totals Debit Credit $11,000 2,200 2,800 1,200 $ 5,500 5,500 8,000 600 1,200 $19,000 $19,000 Using the information in the table, calculate the company's reported net income for the period. Multiple Choice 0 O $1,300 0 $4,300 0 O $4,900 0 O $11.600
Smiles Entertainment had the following accounts and balances at December 31: Credit Debit Account $12,100 2,420...
Smiles Entertainment had the following accounts and balances at December 31: Credit Debit Account $12,100 2,420 3,240 1,420 Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable $ 6,050 5,050 Common Stock Retained Earnings 1,110 9,100 Service Revenue Salaries Expense 710 Utilities Expense 1,420 $21,310 $21,310 Totals Using the information in the table, calculate the company's reported net income for the period. Multiple Cholce O $1520. O $4,630. O $5.340.
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $...
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $ 300 Accounts Receivable 522 Prepaid Insurance 74 Supplies 160 Equipment 4,000 Accumulated Depreciation, Equipment 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? Group of answer choices
Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account Dr. No. Account Titles...
Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account Dr. No. Account Titles 101 Cash 112 Accounts Receivable 126 Supplies 130 Prepaid Insurance 151 Office Equipment 152 Accum Depreciation-Office Equipment 200 Notes Payable 201 Accounts Payable 212 Salaries Payable 230 Interest Payable 311 Common Stoclk 320 Retained Earnings 332 Dividends 400 Service Revenue 610 Advertising Expense 631 Supplies Expense 711 Depreciation Expense 722 Insurance Expense 726 Salaries Expense 905 Interest Expense r. 8,100 10,800 1,500 2,000 24,000...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts Cash...
The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated depreciation-Buildings Accounts Payable Common Stock Retained Earnings Dividends Accounts Balances $16,000 15,000 4,000 8,000 300,000 120,000 19,000 90,000 105,000 15,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Balances $105,000 8,000 27,000 6,000 35,000 9,000 12,000 Prepare the end of the period closing entries for the Fitness...
1. Jackson Services had the following accounts and balances at December 31: Cash Account Debit Credit $ 20,000 Accounts Receivable 6,000 Prepaid Insurance 1,500 Supplies 5,000 Accounts Payable $ 500 R. Jackson, Capital 16,200 R. Jackson, Withdrawals 1,000 Service Revenue 20,000 Utilities Expense 2,000 Salaries Expense 1,200 Totals $ 36,700 $ 36,700 1. Determine the amount of Net Income and be sure to show all of your work.
Centurion Co. had the following accounts and balances at December 31: Account Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable T. Happy, Capital Service Revenue Salaries Expense Utilities Expense Totals Debit Credit $11,000 2,200 2,800 1,200 $ 5,500 5,500 8,000 600 1,200 $19,000 $19,000 Using the information in the table, calculate the company's reported net income for the period. Multiple Choice 0 O $1,300 0 $4,300 0 O $4,900 0 O $11.600
Smiles Entertainment had the following accounts and balances at December 31: Credit Debit Account $12,100 2,420 3,240 1,420 Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable $ 6,050 5,050 Common Stock Retained Earnings 1,110 9,100 Service Revenue Salaries Expense 710 Utilities Expense 1,420 $21,310 $21,310 Totals Using the information in the table, calculate the company's reported net income for the period. Multiple Cholce O $1520. O $4,630. O $5.340.
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account Dr. No. Account Titles 101 Cash 112 Accounts Receivable 126 Supplies 130 Prepaid Insurance 151 Office Equipment 152 Accum Depreciation-Office Equipment 200 Notes Payable 201 Accounts Payable 212 Salaries Payable 230 Interest Payable 311 Common Stoclk 320 Retained Earnings 332 Dividends 400 Service Revenue 610 Advertising Expense 631 Supplies Expense 711 Depreciation Expense 722 Insurance Expense 726 Salaries Expense 905 Interest Expense r. 8,100 10,800 1,500 2,000 24,000...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated depreciation-Buildings Accounts Payable Common Stock Retained Earnings Dividends Accounts Balances $16,000 15,000 4,000 8,000 300,000 120,000 19,000 90,000 105,000 15,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Balances $105,000 8,000 27,000 6,000 35,000 9,000 12,000 Prepare the end of the period closing entries for the Fitness...
Most questions answered within 3 hours.
-
Investor company owns 35% of investee company voting stock and
accounts for the investment under the...
asked 1 minute ago -
The number of major faults on a randomly chosen 1 km stretch of
highway has a...
asked 26 minutes ago -
Consider the competitive environment of Starbuck's, Progressive
Insurance, a manufacturing firm with low turnover, or a...
asked 1 hour ago -
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 3 hours ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 5 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 5 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 5 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 5 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 5 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 5 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 5 hours ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 5 hours ago