Homework Answers
Please note I have given SL.No.: and the Comments column for your reference.
| Carrolton Inn Company | Carrolton Inn Company | Carrolton Inn Company | ||||||
| Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | ||||||
| December 31, 2018 | December 31, 2018 | December 31, 2018 | ||||||
| Account Title | Debit | Credit | SL.No.: | Debit | Credit | Debit | Credit | Adjustment Explanation |
| Cash | 11,800.00 | 11,800.00 | - | No Adjustments | ||||
| Accounts Receivable | 13,100.00 | 13,100.00 | - | No Adjustments | ||||
| Prepaid Insurance | 1,400.00 | a | (300.00) | 1,100.00 | Recording 300 Insurance expense off-set will be in the Insurance expense account | |||
| Office Supplies | 1,700.00 | b | (950.00) | 750.00 | Recording 750 Office Supplies expense off-set will be in the Supplies expense account | |||
| Building | 420,000.00 | 420,000.00 | - | No Adjustments | ||||
| Accumulated Depreciation - Building | 185,000.00 | c | (2,500.00) | 187,500.00 | Recording Depreciation 2,500 for the period off-set will be in the Depreciation expense account | |||
| Accounts payable | 1,820.00 | - | 1,820.00 | No Adjustments | ||||
| Salaries Payable | d | (1,620.00) | 1,620.00 | As Carrolton has a weekly payment policy and the period end is on Wednesday we should record 3 days unpaid salary as a liability in the payable account. Accordingly 2,700 per week is recalculated for 3 days - 2,700*3/5= 1,620. 1620 is recorded as payable and offset will be in the salaries expense account | ||||
| Unearned Revenue | 1,500.00 | e | 500.00 | 1,000.00 | We have received an advance for 1,500 and earned revenue of 500 off set will be in the service revenue account | |||
| Common Stock | 250,200.00 | - | 250,200.00 | |||||
| Dividends | 2,100.00 | 2,100.00 | - | |||||
| Service revenue | 15,800.00 | e | (500.00) | 16,300.00 | Recognizing revenue offset will be in the unearned revenue account | |||
| Salaries Expenses | 3,300.00 | d | 1,620.00 | 4,920.00 | Recording 3 days salaries (till Wednesday offset will be in salaries payable as it will be paid on Friday | |||
| Insurance Expenses | a | 300.00 | 300.00 | Recording 300 Insurance expense off-set will be in prepaid Insurance account | ||||
| Depreciation Expenses - Building | c | 2,500.00 | 2,500.00 | Recording Depreciation 2,500 for the period off-set will be in Accumulated Depreciation | ||||
| Advertising Expense | 920.00 | 920.00 | ||||||
| Supplies Expense | b | 950.00 | 950.00 | Recording Supplies expense of 950 and offset will be in Office supplies | ||||
| 454,320.00 | 454,320.00 | 5,870.00 | (5,870.00) | 458,440.00 | 458,440.00 | |||
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The unadiusted trial balance of Carrolton Inn Company at December 31, 2018, ali ule uala luer...
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Help!? The unadjusted trial balance of Waverly Anvils at December 31, 2018, and the data for...
Help!?
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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
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1,600 $102,000 $102,000
Question 5 Presented below is an adjusted trial balance for Shawn Company,...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600 5,000 465,500 12,000 45,000 2,000 48,000 10,000 143,000 14,000 3,000...
Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel...
Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel E: (Click the icon to view the adjusted trial balance.) Read the requirements. Balance Michael's Bowling Alley Adjusted Trial Balance December 31, 2024 Account Title Debit Credit Balance Account Title Debit Credit Cash $ 15,500 2,400 Accounts Receivable Office Supplies 500 Prepaid Insurance 2,900 Land 15,000 115,000 $ 5,000 42,000 14,000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable...
Need help with balance sheet Adjusted Trial Balance December 31, 2018 $ Account Title Cash Accounts...
Need help with balance sheet
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I am unsure if my data on the last page are correct. I feel as though...
I am unsure if my data on the last page are correct. I feel as
though I am missing at least one number in each. Thanks!
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Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash...
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Help!?
The unadjusted trial balance of Waverly Anvils at December 31, 2018, and the data for the adjustments follow: (Click the icon to view the unadjusted trial balance.) (clic Read the * Data Table Requirement 1. Prepare the adjusting entries and post to the T-accounts. T-accounts have been opened using Cash $ 5,350 Begin by preparing the adjusting entries. (Record debits first, then credits. Select the explanation on the last lin applicable, use the account names provided in the unadjusted...
White Gloves Company has journalized the adjusting entries for the period ending December 31, 2018, and posted the adjustments to the following T-accounts (Click the icon to view the T-accounts) Using this data, prepare an adjusted trial balance White Gloves Company Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation--Equipment Accounts Payable Salaries Payable Unearned Revenue Mary Cantal White Gloves Company has journalized the adjusting entries for the period ending...
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,...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600 5,000 465,500 12,000 45,000 2,000 48,000 10,000 143,000 14,000 3,000...
Data Table Michael's Bowling Alley's adjusted trial balance as of December 31, 2024, is presented bel E: (Click the icon to view the adjusted trial balance.) Read the requirements. Balance Michael's Bowling Alley Adjusted Trial Balance December 31, 2024 Account Title Debit Credit Balance Account Title Debit Credit Cash $ 15,500 2,400 Accounts Receivable Office Supplies 500 Prepaid Insurance 2,900 Land 15,000 115,000 $ 5,000 42,000 14,000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable...
Need help with balance sheet
Adjusted Trial Balance December 31, 2018 $ Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Depreciation—Truck Supplies Expense Salaries Payable Unearned Revenue Mass, Capital Mass, Withdrawals Service Revenue Salaries Expense Depreciation Expense Truck Insurance Expense Fuel Expense Rent Expense Balance Debit Credit 26,550 2,550 350 450 17,000 $ 300 700 700 32,000 2,400 19,250 1,400 150 150 200 1,300 e Egonn e Egonn Prepare Mass Delivery Service's classified balance sheet on December...
I am unsure if my data on the last page are correct. I feel as
though I am missing at least one number in each. Thanks!
P3-36A Journalizing and posting adjustments to the four-column accounts and preparing an adjusted trial balance The unadjusted trial balance of Newport Inn Company at December 31, 2016, and the data needed for the adjustments follow NEWPORT INN COMPANY Unadjusted Trial Balance December 31, 2016 Balance Account Title Cash Accounts Receivable Prepaid Insurance Office Supplies...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600 5,000 465,500 12,000 45,000 2,000 48,000 10,000 143,000 14,000 3,000...
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