Homework Answers
Answer
--Unadjusted Trial balance
| Accounts title | Debit | Credit |
| Cash | $42,900 | |
| Accounts receivables | $123,500 | |
| Prepaid iNsurance | $27,000 | |
| Equipment | $300,000 | |
| Accounts Payable | $52,000 | |
| Salaries Payable | $4,800 | |
| Common Stock | $40,000 | |
| Retained earnings | $137,200 | |
| Dividends | $5,000 | |
| Service revenue | $1,216,000 | |
| Salary expense | $660,000 | |
| Advertising expense | $275,000 | |
| Miscellaneous expense | $16,600 | |
| TOTAL | $1,450,000 | $1,450,000 |
Add Answer to:
Identify the errors in the trial balance provided and prepare a
corrected trial balance
For the...
Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Debit BalancesCredit Balances Cash91,700 Accounts Receivable 200,840...
Unadjusted Trial Balance For the Year Ending December 31, 20Y8 Debit BalancesCredit Balances Cash91,700 Accounts Receivable 200,840 Prepaid Insurance43,450 Equipment613,000 Accounts Payable23,170 Salaries Payable 15,450 Common Stock 342,100 Retained Earnings 184,200 Dividends 73,390 Service Revenue 965,600 Salary Expense401,920 Advertising Expense 87,870 Miscellaneous Expense18,350 1,869,450 1,869,450 After identifying the errors, prepare a corrected unadjusted trial balance. For those boxes in which no entry is required, leave the box blank. Ensemble Co. Unadjusted Trial Balance December 31, 20Y8 Debit BalancesCredit Balances Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable...
Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances...
Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances Cash 78,800 Accounts Receivable 172,560 37,330 527,000 19,910 13,270 267,900 Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 184,200 63,050 829,600 344,890 75,490 15,760 1,606,070 1,606,070 CengageNOW2 Onlinx 2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=fa eBook Show Me How Calculator Ensemble Co. Unadjusted Trial Balance December 31, 2048 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Equipment...
Presented below is an adjusted trial balance for Shawn Company, at December 31, 2018. Cash $...
Presented below is an adjusted
trial balance for Shawn Company, at December 31, 2018. Cash $ 7,700
Accounts payable $10,000 Accounts receivable 20,000 Notes payable
9,000 Prepaid insurance 15,000 Accumulated depreciation—Equipment
14,000 Equipment 35,000 Service revenue 29,000 Depreciation expense
7,000 Common stock 10,000 Dividends 1,500 Retained earnings 14,000
Advertising expense 1,400 Unearned service revenue 16,000 Rent
expense 800 Salaries and wages expense 12,000 Insurance expense
1,600 $102,000 $102,000
Question 5 Presented below is an adjusted trial balance for Shawn Company,...
I need to prepare a post closing trial balance but my debits and credits are not...
I need to prepare a post closing trial balance but my
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I obtained my retained earnings by closing out service
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Matt's Bowling Alley Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 16,500 Accounts Receivable 2,600 Office Supplies 950 Prepaid Insurance 2.900 Land 25,000 Building 155.000 Accumulated Depreciation-Building 6,500 Fouipment 42.000 Print...
Below is the unadjusted trial balance for Dawson Designs. Dawson Designs Co. Unadjusted Trial Balance For...
Below is the unadjusted trial balance for Dawson Designs. Dawson Designs Co. Unadjusted Trial Balance For the Month of January Debits Credits Cash 23,000 Accounts Receivable 49,700 Prepaid Insurance 11,300 Equipment 150,500 Accounts Payable 6,050 Salaries Payable 4,250 Common Stock 110,000 Dividends 18,500 Service Revenue 236,600 Salary Expense 98,930 Miscellaneous Expense 4,970 424,020 424,020 Required: 1. Identify the errors in the above trial balance. All accounts have normal balances. What should the correct balance be for the trial balance in...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
TRIAL BALANCE ERRORS - 21 POINTS All three of these Trial Balances have errors. On Blanc...
TRIAL BALANCE ERRORS - 21 POINTS All three of these Trial Balances have errors. On Blanc TROL BALANCE DECEMBER 31, 2012 REQUIRED: Identify the error(s) on each by circling the number that is incorrect, ommitted, or listed in the wrong column. Accounts Receivable Prepaid penses 10.00 4.000 Accounts Payable Uneamed Revenue Loan Payable Common Stock Retained Earnings REQUIRED: Enter the correct amount of total Debits and Credits in the space provided at the bottom of each trial balance. 13.000 10...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal balance. Pharoah Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $29,400 Accounts Receivable $34,600 Prepaid Insurance 3,500 Equipment 58,000 Accounts Payable 15,800 Unearned Service Revenue 11,000 Notes Payable 18,000 Common Stock 28,000 Retained Earnings 21,300 Dividends 1,700 Service Revenue 63,000 Salaries and Wages Expense 13,900 Utilities Expense 4,600 Rent Expense 11,400 $153,100 $161,100 Pharoah Company Trial Balance Pharoah Company...
Requirement: Using this adjusted trial balance, complete an income statement, a statement of retained earnings, and...
Requirement: Using this adjusted trial balance, complete an income statement, a statement of retained earnings, and a balance sheet. Make sure all three are in good form. Bertrand Irrigation System Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $12,000 Accounts Receivable 46,200 Office Supplies 17,700 Prepaid Insurance 4,600 Building 58,000 Accumulated Depreciation—Building $24,300 Equipment 26,000 Accumulated Depreciation—Equipment 7,600 Accounts Payable 27,100 Interest Payable 1,800...
4. Prepare the adjusted trial balance on December 31, 20X6. please show work thank you for...
4. Prepare the adjusted trial balance on December 31, 20X6. please show work thank you for help me Cash……………..…………………………….250,000 Accounts receivable…………………….……..680,000 Marketable securities…………………………...60,000 Prepaid insurance……………………………….35,000 Prepaid rent….………………………………….30,000 Office equipment…………………………….....620,000 Accumulated depreciation: equipment………...200,000 Land……………………………………………750,000 Accounts payable………………………………306,000 Dividends payable……………………………… 50,000 Interest payable…………………………………... 8,750 Income tax payable……………………………...30,000 Unearned client service revenue………………..180,000 Notes payable (long-term).……………………..350,000 Common stock………………………………….750,000 Retained earnings….…………………………....315,200 Dividends…………………………………….......75,000 Client service revenue………………………...1,200,000 Travel expense………………………………..…..28,000...
Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances Cash 78,800 Accounts Receivable 172,560 37,330 527,000 19,910 13,270 267,900 Prepaid Insurance Equipment Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salary Expense Advertising Expense Miscellaneous Expense 184,200 63,050 829,600 344,890 75,490 15,760 1,606,070 1,606,070 CengageNOW2 Onlinx 2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=fa eBook Show Me How Calculator Ensemble Co. Unadjusted Trial Balance December 31, 2048 Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Equipment...
Presented below is an adjusted
trial balance for Shawn Company, at December 31, 2018. Cash $ 7,700
Accounts payable $10,000 Accounts receivable 20,000 Notes payable
9,000 Prepaid insurance 15,000 Accumulated depreciation—Equipment
14,000 Equipment 35,000 Service revenue 29,000 Depreciation expense
7,000 Common stock 10,000 Dividends 1,500 Retained earnings 14,000
Advertising expense 1,400 Unearned service revenue 16,000 Rent
expense 800 Salaries and wages expense 12,000 Insurance expense
1,600 $102,000 $102,000
Question 5 Presented below is an adjusted trial balance for Shawn Company,...
I need to prepare a post closing trial balance but my
debits and credits are not equalling out.
I obtained my retained earnings by closing out service
revenue & expenses to my income summary and then closing out
income summary and dividends to retained earnings.
Matt's Bowling Alley Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 16,500 Accounts Receivable 2,600 Office Supplies 950 Prepaid Insurance 2.900 Land 25,000 Building 155.000 Accumulated Depreciation-Building 6,500 Fouipment 42.000 Print...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
TRIAL BALANCE ERRORS - 21 POINTS All three of these Trial Balances have errors. On Blanc TROL BALANCE DECEMBER 31, 2012 REQUIRED: Identify the error(s) on each by circling the number that is incorrect, ommitted, or listed in the wrong column. Accounts Receivable Prepaid penses 10.00 4.000 Accounts Payable Uneamed Revenue Loan Payable Common Stock Retained Earnings REQUIRED: Enter the correct amount of total Debits and Credits in the space provided at the bottom of each trial balance. 13.000 10...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal balance. Pharoah Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $29,400 Accounts Receivable $34,600 Prepaid Insurance 3,500 Equipment 58,000 Accounts Payable 15,800 Unearned Service Revenue 11,000 Notes Payable 18,000 Common Stock 28,000 Retained Earnings 21,300 Dividends 1,700 Service Revenue 63,000 Salaries and Wages Expense 13,900 Utilities Expense 4,600 Rent Expense 11,400 $153,100 $161,100 Pharoah Company Trial Balance Pharoah Company...
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