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aldson's Delivery Company began p on December 31, 2010 o ny Donald 1. 2018 The 's...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Credit Account Title Cash Accounts Receivable Prepaid Rent Debit $15,500 8,000 2.400 1,400 25,000 32,000 23,000 Office Supplies Land Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends $10,400 2,500 20,000 55,000 6,200 55,000 6,200 82,400 Common Stock Dividends Service Revenue Salaries Expense Rent Expense Truck Expense Office Expense Total...
What us the net income for the year ended 31, Dec. 2019 Deli Company began operations...
What us the net income for the year ended 31, Dec.
2019
Deli Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019: Credit Account Title Debit Cash $15,500 Accounts Receivable 8,000 Prepaid Rent 2,400 Office Supplies 1,400 Land 25,000 Building 32.000 Equipment 23,000 Accounts Payable Unearned Revenue Notes Payable Donaldson, Capital Donaldson, Withdrawals 6,400 $10,400 2,500 20,000 57.000 Service Revenue 83.900 28,000 18.000 Salaries Expense Rent Expense Truck Expense Office Expense Total...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Account Title Credit Cash Accounts Receivable Prepaid Rent Office Supplies Land Debit $15,500 8,000 2,400 1,400 25,000 32,000 23,000 Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $10,400 2,500 20,000 59.000 6,800 78,400 34,000 15,000 20,000 59,000 6,800 78,400 Notes Payable Common Stock...
XY Merchandising Company was established on January 1, 2018. As of December 31, 2018, the following...
XY Merchandising Company was established on January 1, 2018. As
of December 31, 2018, the following additional information is
available:
$5.000 of Office Supplies has been used.
Accrued interest revenue is $10.000.
$15.000 of prepaid rent has expired as of December 31, 2018.
As of December 31, 2016, $20.000 of the Unearned Service Revenue is
earned.
Question:
1) Find the Marketing Expense for the year of 2018 (Write all
the accounts to debit or credit sides while considering their
nature....
Thanos Merchandising Company was established on January 1, 2019. As of December 31, 2019, the following...
Thanos Merchandising Company was established on January 1, 2019.
As of December 31, 2019, the following additional information is
available:
$5.000 of Office Supplies has been used.
Accrued interest revenue is $10.000.
$15.000 of prepaid rent has expired as of December 31, 2019.
As of December 31, 2017, $20.000 of the Unearned Service Revenue is
earned.
Required:
A) Find the Marketing Expense for the year of 2019 (Hint: Write all
the accounts to debit or credit sides while considering their...
3)At December 31, 2010, the trial balance of Worcester Company contained the following amounts before adjustment...
3)At December 31, 2010, the trial balance of Worcester Company contained the following amounts before adjustment Debits $385,000 Credits Accounts receivable Allowance for doubtful accounts Sales $2,000 950,000 Based on the information given, which method of accounting for bad debts is Worcester Company using-the direct write-off method or the allowance method? Prepare the adjusting entry at December 31, 2010, for bad debts expense under each of the following independent assumptions (1) An aging schedule indicates that $11.750 of accounts receivable...
The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below....
The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below. December 31 is the company's fiscal year-end Account Title Debits Credits 7,900 9,250 3,700 240,000 72,500 Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Deferred rent revenue Common stock Retained earnings Sales revenue Interest revenue Rent revenue Salaries and wages expense Depreciation expense Insurance expense Utility expense Maintenance expense Totals 29,000 108,000...
700 Following is a list of account balances of Nabers Delivery Services as of December 31,...
700 Following is a list of account balances of Nabers Delivery Services as of December 31, after the first year of operations. Accounts Receivable $4,000 Accounts Payable 7,000 Salaries Expense 7,000 Repairs Expense Truck 12,000 Equipment 11,000 Notes Payable 8.200 Cash 7,300 Supplies Expense 1,300 Service Revenue 34,000 Gasoline Expense 3,000 Salaries Payable 300 What is the amount of total liabilities at the end of the Year O A. $15,500 O B. $24.500 C. 515,200 OD. $27,500 Click to select...
Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon...
Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon to view the transactions.) Read the requirements Unadjusted Trial Balance Debit Credit Account Title a) 1.700 04 < 2.900 M Cash 26,850 Accounts Receivable 1.100 (0.1550 Office Supplies 800 (d) 750 Prepaid Insurance 1,800 (c) HR Truck 16,000 Acc Dep - Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1300(e) 600 Common Stock 35.000 Dividends Service Revenue 17.600 (e) 600 (f) 1.550 Salaries Expense...
Randall's Service Company began operations on January 1, 2019. The following Trial Balance was prepared on...
Randall's Service Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Capital contributions during the year were $54,000. Randall's Service Company Trial Balance December 31, 2019 Account Title Debit Credit Cash $25,400 Accounts Receivable 5,000 Prepaid Rent 1,200 Office Supplies 3,400 Land 45,000 Building 16,500 Equipment 23,000 Accounts Payable $15,000 Unearned Revenue 5,000 Notes Payable 25,000 Common Stock 54,000 Dividends 6,300 Service Revenue 83,100 Salaries Expense 34,000 Rent Expense 15,000 Office Expense...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Credit Account Title Cash Accounts Receivable Prepaid Rent Debit $15,500 8,000 2.400 1,400 25,000 32,000 23,000 Office Supplies Land Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends $10,400 2,500 20,000 55,000 6,200 55,000 6,200 82,400 Common Stock Dividends Service Revenue Salaries Expense Rent Expense Truck Expense Office Expense Total...
What us the net income for the year ended 31, Dec.
2019
Deli Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019: Credit Account Title Debit Cash $15,500 Accounts Receivable 8,000 Prepaid Rent 2,400 Office Supplies 1,400 Land 25,000 Building 32.000 Equipment 23,000 Accounts Payable Unearned Revenue Notes Payable Donaldson, Capital Donaldson, Withdrawals 6,400 $10,400 2,500 20,000 57.000 Service Revenue 83.900 28,000 18.000 Salaries Expense Rent Expense Truck Expense Office Expense Total...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Account Title Credit Cash Accounts Receivable Prepaid Rent Office Supplies Land Debit $15,500 8,000 2,400 1,400 25,000 32,000 23,000 Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $10,400 2,500 20,000 59.000 6,800 78,400 34,000 15,000 20,000 59,000 6,800 78,400 Notes Payable Common Stock...
XY Merchandising Company was established on January 1, 2018. As
of December 31, 2018, the following additional information is
available:
$5.000 of Office Supplies has been used.
Accrued interest revenue is $10.000.
$15.000 of prepaid rent has expired as of December 31, 2018.
As of December 31, 2016, $20.000 of the Unearned Service Revenue is
earned.
Question:
1) Find the Marketing Expense for the year of 2018 (Write all
the accounts to debit or credit sides while considering their
nature....
Thanos Merchandising Company was established on January 1, 2019.
As of December 31, 2019, the following additional information is
available:
$5.000 of Office Supplies has been used.
Accrued interest revenue is $10.000.
$15.000 of prepaid rent has expired as of December 31, 2019.
As of December 31, 2017, $20.000 of the Unearned Service Revenue is
earned.
Required:
A) Find the Marketing Expense for the year of 2019 (Hint: Write all
the accounts to debit or credit sides while considering their...
3)At December 31, 2010, the trial balance of Worcester Company contained the following amounts before adjustment Debits $385,000 Credits Accounts receivable Allowance for doubtful accounts Sales $2,000 950,000 Based on the information given, which method of accounting for bad debts is Worcester Company using-the direct write-off method or the allowance method? Prepare the adjusting entry at December 31, 2010, for bad debts expense under each of the following independent assumptions (1) An aging schedule indicates that $11.750 of accounts receivable...
The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below. December 31 is the company's fiscal year-end Account Title Debits Credits 7,900 9,250 3,700 240,000 72,500 Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Deferred rent revenue Common stock Retained earnings Sales revenue Interest revenue Rent revenue Salaries and wages expense Depreciation expense Insurance expense Utility expense Maintenance expense Totals 29,000 108,000...
700 Following is a list of account balances of Nabers Delivery Services as of December 31, after the first year of operations. Accounts Receivable $4,000 Accounts Payable 7,000 Salaries Expense 7,000 Repairs Expense Truck 12,000 Equipment 11,000 Notes Payable 8.200 Cash 7,300 Supplies Expense 1,300 Service Revenue 34,000 Gasoline Expense 3,000 Salaries Payable 300 What is the amount of total liabilities at the end of the Year O A. $15,500 O B. $24.500 C. 515,200 OD. $27,500 Click to select...
Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon to view the transactions.) Read the requirements Unadjusted Trial Balance Debit Credit Account Title a) 1.700 04 < 2.900 M Cash 26,850 Accounts Receivable 1.100 (0.1550 Office Supplies 800 (d) 750 Prepaid Insurance 1,800 (c) HR Truck 16,000 Acc Dep - Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1300(e) 600 Common Stock 35.000 Dividends Service Revenue 17.600 (e) 600 (f) 1.550 Salaries Expense...
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