Homework Answers
Situation 1
|
SMART TOUCH LAERNING |
||||||||||
|
Worksheet |
||||||||||
|
December 31, 2016 |
||||||||||
|
Unadjusted trial balance |
Adjustments |
Adjusted trial balance |
Income statement |
Balance sheet |
||||||
|
Accounts name |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
|
Total |
$ 46,400.00 |
$ 46,400.00 |
$ 7,600.00 |
$ 7,600.00 |
$ 41,100.00 |
$ 41,100.00 |
$ 11,000.00 |
$ 14,300.00 |
$ 30,100.00 |
$ 26,800.00 |
|
Net income |
$ 3,300.00 |
$ 3,300.00 |
||||||||
|
Total |
$ 14,300.00 |
$ 14,300.00 |
$ 30,100.00 |
$ 30,100.00 |
||||||
Situation 2
|
SMART TOUCH LAERNING |
||||||||||
|
Worksheet |
||||||||||
|
December 31, 2016 |
||||||||||
|
Unadjusted trial balance |
Adjustments |
Adjusted trial balance |
Income statement |
Balance sheet |
||||||
|
Accounts name |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
Debit |
Credit |
|
Total |
$ 51,300.00 |
$ 51,300.00 |
$ 6,000.00 |
$ 6,000.00 |
$ 48,800.00 |
$ 48,800.00 |
$ 35,700.00 |
$ 31,800.00 |
$ 13,100.00 |
$ 17,000.00 |
|
Net loss |
$ 3,900.00 |
$ 3,900.00 |
||||||||
|
Total |
$ 35,700.00 |
$ 35,700.00 |
$ 17,000.00 |
$ 17,000.00 |
||||||
Add Answer to:
For each scenario, calculate the net income/loss, identify if it is net income or loss, and...
Activity 4.a-Calculating Net Income/Loss on Income Statement & Balance Sheet/Equity For each scenario, calculate the net...
Activity 4.a-Calculating Net Income/Loss on Income Statement & Balance Sheet/Equity For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Income State Balance Sheet columns. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Total 54,800 54800 8,600 8,600 47,800 47.800 12.900 16,700 34,900 31,100 INe Total 16700...
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each...
Prepare the Statement of Retained Earnings from the Adjusted
Trial Balance and Income Statement. Within each section of the
statement, use the drop-down menus to enter the accounts in Chart
of Accounts order and select the account balances.
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. SMART TOUCH LEARNING SMART...
I all of a sudden starting drawing a blank and cannot remember how to complete Statement...
I all of a sudden starting drawing a blank and cannot remember
how to complete Statement of Owner's Equity.
Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases...
please answer completely :) act.pearsoncmg.com/activity/0/4/1 PART 4: Prepare the Unadjusted Trial Balance Prepare the Unadjusted Trial...
please answer completely :)
act.pearsoncmg.com/activity/0/4/1 PART 4: Prepare the Unadjusted Trial Balance Prepare the Unadjusted Trial Balance for Smart Touch Learning for December 31st. Check your spelling carefully and do not abbreviate. Enter the account names exactly as provided in the Chart of Accounts. Enter the accounts in the order of Assets, Liabilities, Equity, Revenues, and Expenses. ACCOUNT Smart Touch Learning Accounts Receivable 600 Unadjusted Trial Balance Cash 46,110 December 31, 2016 Common Stock 40.500 Balance Dividends 2.900 Account Title...
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...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
This is my second time asking this question. I was not sure about the answer that...
This is my second time asking this question. I was not sure
about the answer that someone gave me. I will post the problem
first and then the answer I received.
Here is the response I got. I was confused because I thought the
totals were suppose to match.
Enter each account balance in the appropriate financial statement column. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjusted Trial Balance Income Statement Adjustments Balance Sheet Account Names Debit...
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...
Build the unadjusted trial balance and adjustments columns from the given information and total the columns....
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
Assignment: 1) complete the accountants worksheet excel (pictured below) 2) on a separate sheet, INCOME STATEMENT...
Assignment:
1) complete the accountants worksheet excel (pictured below)
2) on a separate sheet, INCOME STATEMENT
3) on a separate sheet, RETAINED EARNINGS
4) on a separate sheet, BALANCE SHEET
5) on a separate sheet, ADJUSTING/CLOSING ENTRIES
6) POST CLOSING TRIAL BALANCE*
Income Statement Debit Credit R. E. Statement Debit Credit Balance Sheet Debit Credit Unadjusted Trial Bal. Debit Credit 37,000 18,600 31,900 80,000 120,000 36,200 14,200 GWS Incorporated Accountant's Worksheet For the Month Ended September 30, 2010 Adjustments Adjusted...
Activity 4.a-Calculating Net Income/Loss on Income Statement & Balance Sheet/Equity For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Income State Balance Sheet columns. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Total 54,800 54800 8,600 8,600 47,800 47.800 12.900 16,700 34,900 31,100 INe Total 16700...
Prepare the Statement of Retained Earnings from the Adjusted
Trial Balance and Income Statement. Within each section of the
statement, use the drop-down menus to enter the accounts in Chart
of Accounts order and select the account balances.
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. SMART TOUCH LEARNING SMART...
I all of a sudden starting drawing a blank and cannot remember
how to complete Statement of Owner's Equity.
Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases...
please answer completely :)
act.pearsoncmg.com/activity/0/4/1 PART 4: Prepare the Unadjusted Trial Balance Prepare the Unadjusted Trial Balance for Smart Touch Learning for December 31st. Check your spelling carefully and do not abbreviate. Enter the account names exactly as provided in the Chart of Accounts. Enter the accounts in the order of Assets, Liabilities, Equity, Revenues, and Expenses. ACCOUNT Smart Touch Learning Accounts Receivable 600 Unadjusted Trial Balance Cash 46,110 December 31, 2016 Common Stock 40.500 Balance Dividends 2.900 Account Title...
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...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
This is my second time asking this question. I was not sure
about the answer that someone gave me. I will post the problem
first and then the answer I received.
Here is the response I got. I was confused because I thought the
totals were suppose to match.
Enter each account balance in the appropriate financial statement column. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjusted Trial Balance Income Statement Adjustments Balance Sheet Account Names Debit...
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...
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
Assignment:
1) complete the accountants worksheet excel (pictured below)
2) on a separate sheet, INCOME STATEMENT
3) on a separate sheet, RETAINED EARNINGS
4) on a separate sheet, BALANCE SHEET
5) on a separate sheet, ADJUSTING/CLOSING ENTRIES
6) POST CLOSING TRIAL BALANCE*
Income Statement Debit Credit R. E. Statement Debit Credit Balance Sheet Debit Credit Unadjusted Trial Bal. Debit Credit 37,000 18,600 31,900 80,000 120,000 36,200 14,200 GWS Incorporated Accountant's Worksheet For the Month Ended September 30, 2010 Adjustments Adjusted...
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