Homework Answers
| Supplies 132 | Note payable 221 | |||||||
| 3/8 | 1,300.00 | 3/27 | 600.00 | 3/20 | 1,900.00 | 3/5 | 11,000.00 | |
| 3/17 | 500.00 | 3/31 | 3,500.00 | |||||
| Bal | 1,200.00 | Bal | 5,600.00 | |||||
Calculations:
Balance of supplies account = 1300+500 - 600 = $1,200. This is a debit balance and will be entered as an asset in balance sheet.
Balance in notes payable = 11000-1900-3500 = 5600. This is a credit balance and will be entered as a liability in balance sheet.
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Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate...
How do I fill out an T-Account? I know something like left is debit and right...
How do I fill out an T-Account? I know something like left is
debit and right is credit.
Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate side of each T-account.) 132 Note payable221 Supplies 1,400 327 3/8 1,000 3/20 1,200 3/5 11,000 3,800 500 3/31
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal."...
Post the transactions to the
T-accounts. Use the transaction dates as posting references. Use a
"Bal." posting reference to show the ending balance of each
account. For any accounts with a zero balance, select the "Bal."
posting reference and enter a "0" on the normal side of the
account.
I need help posting the transactions to t accounts
Read the requirements. Accounts Payable Cash Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Dec. Mass Delivery Service began operations...
Posting each transaction to the appropriate T-accounts and calculate the balance of each account. Required information...
Posting each transaction to the appropriate T-accounts and
calculate the balance of each account.
Required information Problem 2-7B Complete the steps in the measurement of external transactions (LO2-4,2-5, 2-6) [The following information applies to the questions displayed below.) Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $57,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $27,000. June 7...
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal"...
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck Prepaid Insurance Retained Earnings...
The adjusted balance ("Adj. Bal.") of each account has been entered for you. Post the closing...
The adjusted balance ("Adj. Bal.") of each account has been
entered for you. Post the closing entries to the T-accounts and
calculate each account's post-closing balance. Use Dec. 31 as a
posting reference for your closing entries, and "Bal." references
to denote post-closing balances. Include a post-closing balance
for each T-account (including those that were not closed). For
any accounts with a zero balance after closing, enter a "0" on
the normal side of the account. For Income Summary, calculate...
Select the account name of the other account affected by the Office Supplies adjustment. Post the...
Select the account name of the other account affected by the
Office Supplies adjustment. Post the adjustment to the two accounts
using a "Nov. 30" posting reference, and then calculate and enter
the ending balance of the accounts using a "Bal." posting
reference.
On November 1, Candid Equipment had a beginning balance in the Office Supplies account of $1,600. During the month, Candid purchased $1,900 of office supplies. At November 30, Candid Equipment had $1,300 of office supplies on hand....
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account.
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account.
How do I fill out an T-Account? I know something like left is
debit and right is credit.
Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate side of each T-account.) 132 Note payable221 Supplies 1,400 327 3/8 1,000 3/20 1,200 3/5 11,000 3,800 500 3/31
Post the transactions to the
T-accounts. Use the transaction dates as posting references. Use a
"Bal." posting reference to show the ending balance of each
account. For any accounts with a zero balance, select the "Bal."
posting reference and enter a "0" on the normal side of the
account.
I need help posting the transactions to t accounts
Read the requirements. Accounts Payable Cash Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Dec. Mass Delivery Service began operations...
Posting each transaction to the appropriate T-accounts and
calculate the balance of each account.
Required information Problem 2-7B Complete the steps in the measurement of external transactions (LO2-4,2-5, 2-6) [The following information applies to the questions displayed below.) Below are the transactions for Salukis Car Cleaning for June, the first month of operations. June 1 Obtain a loan of $57,000 from the bank by signing a note. June 2 Issue common stock in exchange for cash of $27,000. June 7...
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck Prepaid Insurance Retained Earnings...
The adjusted balance ("Adj. Bal.") of each account has been
entered for you. Post the closing entries to the T-accounts and
calculate each account's post-closing balance. Use Dec. 31 as a
posting reference for your closing entries, and "Bal." references
to denote post-closing balances. Include a post-closing balance
for each T-account (including those that were not closed). For
any accounts with a zero balance after closing, enter a "0" on
the normal side of the account. For Income Summary, calculate...
Select the account name of the other account affected by the
Office Supplies adjustment. Post the adjustment to the two accounts
using a "Nov. 30" posting reference, and then calculate and enter
the ending balance of the accounts using a "Bal." posting
reference.
On November 1, Candid Equipment had a beginning balance in the Office Supplies account of $1,600. During the month, Candid purchased $1,900 of office supplies. At November 30, Candid Equipment had $1,300 of office supplies on hand....
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account.
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