Answer- | |||||
Adjusting Entry for part (e ) | |||||
Particulars | Debit | Credit | |||
Accounts receivable | $ 1,800 | ||||
Service revenue | $ 1,800 | ||||
(being revenue accounted) | |||||
Statement showing accounting effect | |||||
Adjusting Entry | Income Statement | Balance Sheet | Impact on Income | ||
Unbilled fees | Service revenue | Accounts Receivable | $ 1,800 | ||
Note- Income should be increased by $1800 in Income statement | |||||
Balance of Accounts Receivable should also be increased in Balance Sheet by the same amount. | |||||
I need help filling in letter e (unbilled fees). Thanks!! u per month d) Straight-line depreciation...
Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of operations. Apr. 1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Apr. 2 The company prepaid $9,000 cash for twelve months’ rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3 The company made credit purchases for $8,000 in office equipment and $3,600...
unadjusted, adjusted , all the sheet need to fill out 5. Award: 17.50 points GL0303 - Extension of Problem 2-1A LO P1, P2, P3, P4, P5, P6 Mike Sweet opened a web consulting business called Sweet Homes and recorded the following transactions in its first month of operations Apr. 1 Sweet invest $2.000 cash along with office equipment valued at $35,500 in the company in exchange for common stock Apr. 2 The company prepaid $11.400 cash for telve months' rent...
PLEASE ANSWER THE INCOME STATEMENT AND BALANCE SHEET AND IMPACT ON INCOME!!!!! Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations. Apr. 1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Apr. 2 The company prepaid $9,000 cash for twelve months’ rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3...
Apr 30 The Purchased $600 of additional office splice credit mework Help GLO303 - Extension of Problem 2-1A Linkworks LO P1, P2, P3, P4, P5, P6 Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations Apr. 1 Tanner investa $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common Apr 2 The company prepaid $9,000 cash for twelve months' rent for office space....
Hi I need help filling general ledger and trial balance. It has to be in the format it is (the general ledger) This is the trial balance format. I know its 2 exercises but I send the first one and I got sent something different and complicated. Please help take 2 of my monthly quetions if needed. Anne Aile transactions for her Profesional Services business Month: September Transactions Amount 1 Invested cash in her business $ 20.000 2 Purchased equipment...
Please help, it keeps saying that my answer is not complete and I do not understand what I am missing. Thanks! On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $33,000 cash and computer equipment worth $30,000 in the company. 2 The company rented furnished office space by paying $2,500 cash for the first month's (April) rent. 3 The company purchased $1,700 of office...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month. April 1 Nozomi invested $49,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,800 cash for the first month’s (April) rent. 3 The company purchased $1,500 of office supplies for cash. 10 The company paid $3,000 cash for the premium on a 12-month insurance...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month. April 1 Nozomi invested $44,000 cash and computer equipment worth $25,000 in the company. 2 The company rented furnished office space by paying $2,400 cash for the first month’s (April) rent. 3 The company purchased $1,300 of office supplies for cash. 10 The company paid $2,300 cash for the premium on a 12-month insurance policy. Coverage begins on April...
On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $32,000 cash and computer equipment worth $30,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,800 cash for the first month's (April) rent. 3 The company purchased $1,300 of office supplies for cash. 10 The company paid $2,800 cash for the premiun on a 12-month...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $39,000 cash and computer equipment worth $35,000 in the company. 2 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies for cash. 10 The company paid $2,200 cash for the premium on a 12-month insurance policy. Coverage begins on April...