Homework Answers
| Accounts receivable | 6,584 | ||||||
| Vechicles | 25,000 | ||||||
| Buildings | 75,000 | ||||||
| cash | 15,000 | ||||||
| cost of goods sold | 17,829 | ||||||
| Dividends | 2,000 | ||||||
| Utilities expense | 5,000 | ||||||
| income tax expense | 1,500 | ||||||
| land | 50,000 | ||||||
| Salaries expense | 15,000 | ||||||
| Equipment | 75,000 | ||||||
| Accounts payable | 7,859 | ||||||
| Common stock | 75,000 | ||||||
| Accumulated Depreciation | 12,000 | ||||||
| Sales revenue | 25,285 | ||||||
| income tax payable | 2,000 | ||||||
| interest revenue | 500 | ||||||
| Notes payable | 60,000 | ||||||
| Retained earnings | 105,269 | ||||||
| total | 287,913 | 287913 | |||||
| total debits | 287,913 | ||||||
| answer | option c | ||||||
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points Save A Aogle Sports has the following balances on their trial balance in random order....
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company $ 11,000 2,5ee 500 1,500 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 800 2ee 40,000 3,000 2,000 800 10,000 7,500 1,800 10,000 14,800 20,000 Prepare the (1)...
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...
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company....
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 11,000 2,500 See 1,500 400 10,000 7,5ee 1,800 10,eee 14,800 2e, eee Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 Bee 200 40,ce 3,000 2,80 800 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the...
The trial balances of Orton Company follow with the accounts arranged in alphabetic order. 0 4,000...
The trial balances of Orton Company follow with the accounts arranged in alphabetic order. 0 4,000 0 Trial Balance Unadjusted Adjusted Post-Closing Accounts Payable $10,000 $10,000 $10,000 Accounts Receivable 2,200 3,200 3,200 Accumulated Depreciation Equipment 13,000 17,000 17,000 Advertising Expense O 16,300 Cash 60,000 60,000 60,000 Common Stock 30,000 30,000 30,000 Depreciation Expense 0 Dividends 11,000 11,000 Equipment 75,000 75,000 75,000 Prepaid Advertising 17,800 1,500 1,500 Prepaid Rent 15,000 11,000 11,000 Rent Expense 0 4,000 Retained Earnings 52,200 52,200 72,400...
Problem #6 - Closing Entries - 10 Points • Using the Trial Balance below, prepa accounts...
Problem #6 - Closing Entries - 10 Points • Using the Trial Balance below, prepa accounts and amounts are debits a Be Neat & Organized Trial Balance balance below, prepare the closing entries: Make sure I can see which amounts are debits and which accounts and amounts are credits. Credit Debit 285,000 $ closing Entries 4,800 45,000 16,500 178,500 - . Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable...
Please complete and or correct Following are the accounts and balances (in random order from the...
Please complete and or correct
Following are the accounts and balances (in random order from the adjusted trial balance of Stark Company $ 11,000 2,500 500 1,5ee 400 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15, eee 4,000 1,300 1ee 800 200 40,00 3, eee 2, Bee 10,000...
I'm missing and expense Following are the accounts and balances (in random order) from the adjusted...
I'm missing and expense
Following are the accounts and balances (in random order) from the adjusted trial balance of Star Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 7,500 Buildings 1,800 Dividends 10,000 Depreciation expense-Buildings 14,800 Supplies 20,000 $ 15,000 4,000 1,300 100 800 200 40,000 3,000 2,000...
Problem #14 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below....
Problem #14 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. an income statement. a retained earnings statement. 3. a balance sheet. (You need to calculate the amount of cash) Trial Balance Debit Credit Cash $ 285,000 $ Accounts Receivable ? $ Allowance for Doubtful Accounts $ - $ Supplies $ 45,000 $ Prepaid Insurance 16,500...
The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial...
The adjusted trial balance of Ryan Company appears below. Using
the information from the adjusted trial balance, you are to prepare
for the month ending December 31:
1.
an income statement.
2.
a retained earnings statement.
3.
a balance sheet.
(You need to calculate the amount of
cash)
Trial Balance Debit 285,000 $ 45,000 16,500 178,500 Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable Interest Payable...
Produce a Trial Balance (in the corrert order) using the following account balances. All balances are...
Produce a Trial Balance (in the corrert order) using the following account balances. All balances are the normal balance of the account. Accounts Receivable 10,000 Accumulated Depreciation 25,000 Bad Debt Expense 10,000 Cash at Bank 30,000 COGS 35,000 Depreciation 20,000 Equipment 60,000 Inventory 15,000 Owners Capital 50,000 Owners Drawings 5,000 Rent Expense 15,000 Salaries Payable 20,000 Sales Revenue 105,000 Supplies Expense 10,000 Supplies on Hand 5,000 Unearned Revenue 15,000 All account descriptions must be exactly as they appear above. Expenses...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company $ 11,000 2,5ee 500 1,500 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 800 2ee 40,000 3,000 2,000 800 10,000 7,500 1,800 10,000 14,800 20,000 Prepare the (1)...
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...
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 11,000 2,500 See 1,500 400 10,000 7,5ee 1,800 10,eee 14,800 2e, eee Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 Bee 200 40,ce 3,000 2,80 800 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the...
The trial balances of Orton Company follow with the accounts arranged in alphabetic order. 0 4,000 0 Trial Balance Unadjusted Adjusted Post-Closing Accounts Payable $10,000 $10,000 $10,000 Accounts Receivable 2,200 3,200 3,200 Accumulated Depreciation Equipment 13,000 17,000 17,000 Advertising Expense O 16,300 Cash 60,000 60,000 60,000 Common Stock 30,000 30,000 30,000 Depreciation Expense 0 Dividends 11,000 11,000 Equipment 75,000 75,000 75,000 Prepaid Advertising 17,800 1,500 1,500 Prepaid Rent 15,000 11,000 11,000 Rent Expense 0 4,000 Retained Earnings 52,200 52,200 72,400...
Problem #6 - Closing Entries - 10 Points • Using the Trial Balance below, prepa accounts and amounts are debits a Be Neat & Organized Trial Balance balance below, prepare the closing entries: Make sure I can see which amounts are debits and which accounts and amounts are credits. Credit Debit 285,000 $ closing Entries 4,800 45,000 16,500 178,500 - . Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable...
Please complete and or correct
Following are the accounts and balances (in random order from the adjusted trial balance of Stark Company $ 11,000 2,500 500 1,5ee 400 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15, eee 4,000 1,300 1ee 800 200 40,00 3, eee 2, Bee 10,000...
I'm missing and expense
Following are the accounts and balances (in random order) from the adjusted trial balance of Star Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 7,500 Buildings 1,800 Dividends 10,000 Depreciation expense-Buildings 14,800 Supplies 20,000 $ 15,000 4,000 1,300 100 800 200 40,000 3,000 2,000...
Problem #14 - 30 Points (FORMATTING IMPORTANT) The adjusted trial balance of Ryan Company appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. an income statement. a retained earnings statement. 3. a balance sheet. (You need to calculate the amount of cash) Trial Balance Debit Credit Cash $ 285,000 $ Accounts Receivable ? $ Allowance for Doubtful Accounts $ - $ Supplies $ 45,000 $ Prepaid Insurance 16,500...
The adjusted trial balance of Ryan Company appears below. Using
the information from the adjusted trial balance, you are to prepare
for the month ending December 31:
1.
an income statement.
2.
a retained earnings statement.
3.
a balance sheet.
(You need to calculate the amount of
cash)
Trial Balance Debit 285,000 $ 45,000 16,500 178,500 Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable Interest Payable...
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