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On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: $ 94,400 Dr....
Apply Exercise Saved On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances:...
Apply Exercise Saved On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 181 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated Depreciation-Equip. $ 45,288 Dr 17,608 De 3,808 Dr 40,400 Dr 62,808 Dn 1,900 cr 8,309 Cr 6 points 202 Accounts Payable 301 Emilio Gonzalez, Capital (12/1/2019)63,620 C 382 Emilio Gonzalez, Drawing 401 Fees Income 511 Advertising Expense 514 Depreciation Expense-Equip 517 Rent Expense 519 Salaries Expense S23 Utilities Expense 8,0e8...
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $...
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $ 47,200 Dr. 111 Accounts Receivable 17,800 Dr. 121 Supplies 4,000 Dr. 131 Prepaid Rent 40,600 Dr. 141 Equipment 64,000 Dr. 142 Accumulated Depreciation—Equip. 2,000 Cr. 202 Accounts Payable 8,500 Cr. 301 Emilio Gonzalez, Capital (12/1/2019) 65,620 Cr. 302 Emilio Gonzalez, Drawing 8,200 Dr. 401 Fees Income 163,600 Cr. 511 Advertising Expense 5,800 Dr. 514 Depreciation Expense—Equip. 1,000 Dr. 517 Rent Expense 4,600 Dr. 519...
Record the closing entry for revenue. Record the closing entry for expenses. Record the closing entry...
Record the closing entry for revenue.
Record the closing entry for expenses.
Record the closing entry for the balance of income
summary.
Record the closing entry for the drawing account.
Problem 6.3A Journalizing and posting closing entries. LO 6-1 On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated Depreciation-Equip. 202 Accounts Payable 301 Emilio Gonzalez, Capital (12/1/2019) 302 Emilio Gonzalez, Drawing 401...
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO....
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. ACCOUNT 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation Equipment 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation Expense-Equipment 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense: 519 Telephone Expense 523 Utilities Expense BALANCE $ 67,000 36,060 9,300 23,700 105,000 40,020 11,700 117,000 11,709 316,600...
On December 31, 2019, the ledger of Lopez Company contained the following account balances Cash Accounts...
On December 31, 2019, the ledger of Lopez Company contained the following account balances Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $32,999 Maria Lopez, Drawing 2,850 Fees Income 2,050 Depreciation Expense 25,900 Salaries Expense 2,450 Supplies Expense 2,950 Telephone Expense 48,150 Utilities Expense $13,400 53,250 2,700 16,999 2,950 2,550 4,600 Prepare the closing entries for the above transactions, View transaction list Journal entry worksheet < 1 2 3 Prepare the closing entry for the drawing...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800...
fill journal and ledger Desoto Company must make three adjusting entries on December 31, 2019 a....
fill journal and ledger
Desoto Company must make three adjusting entries on December 31, 2019 a. Suppliles used, $9,400 (supplles totaling $14,800 were purchased on December 1, 2019, and debited to the Supplies account). b. Explred Insurance, $6,600; on December 1, 2019, the firm pald $39,600 for six months Insurance coverage In advance and deblted Prepald Insurance for this amount. c. Depreclation expense for equlpment, $4,200. Required Prepare the Journal entrles for these adjustments and post the entries to the...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 7,100 1,950 1,800 710 17,500 3, see 3,150 15,300 3,600 16, 800 760 610 560 3,15e 1,01e Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD...
On December 31, 2016, the ledger of Hernandez Company contained the following account balances: Cash $11,800...
On December 31, 2016, the ledger of Hernandez Company contained the following account balances: Cash $11,800 31,300 Maria Hernandez, Drawing 2,050 Fees Income 1,250 Depreciation Expense 45,250 O O ONO O O 1,900 15,300 V Salaries Expense Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Hernandez, Capital 1,650 Supplies Expense 2,150 Telephone Expense 46,550. Utilities Expense 1.750 2000 70,550 - Prepare the closing entries for the above transactions. D View transaction list Journal entry worksheet 1 2 3 4...
The ledger accounts of AXX Internet Company appear as follc ACCOUNT BALANCE NO. ACCOUNT $ 63,000...
The ledger accounts of AXX Internet Company appear as follc ACCOUNT BALANCE NO. ACCOUNT $ 63,000 35,660 8,900 23,300 101,000 39,620 11,300 Cash 101 Accounts Receivable 111 Supplies Prepaid Insurance 141 Equipment Accumulated Depreciation-Equipment Accounts Payable Aretha Hinkle, Capital Aretha Hinkle, Drawing 121 131 142 202 113,000 11,300 305,400 19,460 301 302 401 Fees Income 510 Depreciation Expense-Equipment Insurance Expense Rent Expense Salaries Expense Supplies Expense Telephone Expense Utilities Expense 9,700 31,300 149,000 511 514 517 3,900 5,100 7,700 518...
Apply Exercise Saved On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 181 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated Depreciation-Equip. $ 45,288 Dr 17,608 De 3,808 Dr 40,400 Dr 62,808 Dn 1,900 cr 8,309 Cr 6 points 202 Accounts Payable 301 Emilio Gonzalez, Capital (12/1/2019)63,620 C 382 Emilio Gonzalez, Drawing 401 Fees Income 511 Advertising Expense 514 Depreciation Expense-Equip 517 Rent Expense 519 Salaries Expense S23 Utilities Expense 8,0e8...
Record the closing entry for revenue.
Record the closing entry for expenses.
Record the closing entry for the balance of income
summary.
Record the closing entry for the drawing account.
Problem 6.3A Journalizing and posting closing entries. LO 6-1 On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Rent 141 Equipment 142 Accumulated Depreciation-Equip. 202 Accounts Payable 301 Emilio Gonzalez, Capital (12/1/2019) 302 Emilio Gonzalez, Drawing 401...
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. ACCOUNT 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation Equipment 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation Expense-Equipment 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense: 519 Telephone Expense 523 Utilities Expense BALANCE $ 67,000 36,060 9,300 23,700 105,000 40,020 11,700 117,000 11,709 316,600...
On December 31, 2019, the ledger of Lopez Company contained the following account balances Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $32,999 Maria Lopez, Drawing 2,850 Fees Income 2,050 Depreciation Expense 25,900 Salaries Expense 2,450 Supplies Expense 2,950 Telephone Expense 48,150 Utilities Expense $13,400 53,250 2,700 16,999 2,950 2,550 4,600 Prepare the closing entries for the above transactions, View transaction list Journal entry worksheet < 1 2 3 Prepare the closing entry for the drawing...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800...
fill journal and ledger
Desoto Company must make three adjusting entries on December 31, 2019 a. Suppliles used, $9,400 (supplles totaling $14,800 were purchased on December 1, 2019, and debited to the Supplies account). b. Explred Insurance, $6,600; on December 1, 2019, the firm pald $39,600 for six months Insurance coverage In advance and deblted Prepald Insurance for this amount. c. Depreclation expense for equlpment, $4,200. Required Prepare the Journal entrles for these adjustments and post the entries to the...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 7,100 1,950 1,800 710 17,500 3, see 3,150 15,300 3,600 16, 800 760 610 560 3,15e 1,01e Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD...
On December 31, 2016, the ledger of Hernandez Company contained the following account balances: Cash $11,800 31,300 Maria Hernandez, Drawing 2,050 Fees Income 1,250 Depreciation Expense 45,250 O O ONO O O 1,900 15,300 V Salaries Expense Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Hernandez, Capital 1,650 Supplies Expense 2,150 Telephone Expense 46,550. Utilities Expense 1.750 2000 70,550 - Prepare the closing entries for the above transactions. D View transaction list Journal entry worksheet 1 2 3 4...
The ledger accounts of AXX Internet Company appear as follc ACCOUNT BALANCE NO. ACCOUNT $ 63,000 35,660 8,900 23,300 101,000 39,620 11,300 Cash 101 Accounts Receivable 111 Supplies Prepaid Insurance 141 Equipment Accumulated Depreciation-Equipment Accounts Payable Aretha Hinkle, Capital Aretha Hinkle, Drawing 121 131 142 202 113,000 11,300 305,400 19,460 301 302 401 Fees Income 510 Depreciation Expense-Equipment Insurance Expense Rent Expense Salaries Expense Supplies Expense Telephone Expense Utilities Expense 9,700 31,300 149,000 511 514 517 3,900 5,100 7,700 518...
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