Homework Answers
| Debits | |
| Cash | 371 |
| Accounts receivable | 429 |
| Expenses | 100 |
| Total Debits | 900 |
| Option C $900 is correct |
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Fischer, Inc.'s trial balance contains the following balances: Revenue $632 Cash $371 Accounts Receivable $429 Accounts...
Monet Design's trial balance contains the following balances: Revenue $725 Cash $424 Accounts Payable $283 Accounts...
Monet Design's trial balance contains the following balances: Revenue $725 Cash $424 Accounts Payable $283 Accounts Receivable $377 Expenses $207 What is the amount of total debits for this trial balance? O A. $1,291 OB. $1,526 OC. $1,008 OD. $490
Given the following list of accounts with normal balances, what are the trial balance totals of...
Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? $1,100 800 2,000 Cash Accounts Receivable Capital Accounts Payable Service Fees Earned Rent Expense 900 1,000 2,000 | OA) $4,800 debit, $4,800 credit OB) $1,900 debit, $1,900 credit OC) $1,100 debit, $1,100 credit OD) $3,900 debit, $3,900 credit
The following are selected current month's balances for Morgan, Inc. Accounts Payable $9,000 Revenue $11,000 Cash...
The following are selected current month's balances for Morgan, Inc. Accounts Payable $9,000 Revenue $11,000 Cash $3,150 Expenses $1,600 Furniture $13,000 Accounts Receivable $16,000 Common Stock $7,250 Notes Payable $6,500 Based on this information, calculate the total amount of credits for the trial balance. A. $26,500 B. $24,750 C. $22,750 D. $33,750
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial...
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 5,000 4,000 16,500 11,000 11,000 7,500 What amount should be shown for Common Stock on the trial balance? Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
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...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Allbright Capital Notes Payable $8,000 9,000 5,000 1,750 13,000 12,000 9.250 5,500 Based on this information, calculate the total amount of debits for the trial balance? O A. $26,750 OB. $25,000 OC. $31.750 OD. $30,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial...
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable $5,000 Revenue 3,000 Cash 2,000 Expenses 15,500 Furniture 13,000 Accounts Receivable 12,000 Common Stock Notes Payable 8,500 What amount should be shown for Common Stock on the trial balance? O A. $13,500 O B. $50,000 OC. $27,000 OD. $26.000
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the...
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as $200. c. Did not record utilities expense or the related account payable in the amount of $340. d. Understated Common Stock by $500. e. Omitted Insurance...
Monet Design's trial balance contains the following balances: Revenue $725 Cash $424 Accounts Payable $283 Accounts Receivable $377 Expenses $207 What is the amount of total debits for this trial balance? O A. $1,291 OB. $1,526 OC. $1,008 OD. $490
Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? $1,100 800 2,000 Cash Accounts Receivable Capital Accounts Payable Service Fees Earned Rent Expense 900 1,000 2,000 | OA) $4,800 debit, $4,800 credit OB) $1,900 debit, $1,900 credit OC) $1,100 debit, $1,100 credit OD) $3,900 debit, $3,900 credit
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Common Stock Notes Payable $10,000 5,000 4,000 16,500 11,000 11,000 7,500 What amount should be shown for Common Stock on the trial balance? Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
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...
This Question: 4 pts The following are selected current month's balances for Allbright Enterprises. Accounts Payable Revenue Cash Expenses Furniture Accounts Receivable Allbright Capital Notes Payable $8,000 9,000 5,000 1,750 13,000 12,000 9.250 5,500 Based on this information, calculate the total amount of debits for the trial balance? O A. $26,750 OB. $25,000 OC. $31.750 OD. $30,000
The following are the current month's balances for ABC Financial Services, Inc. before preparing the trial balance. Accounts Payable $5,000 Revenue 3,000 Cash 2,000 Expenses 15,500 Furniture 13,000 Accounts Receivable 12,000 Common Stock Notes Payable 8,500 What amount should be shown for Common Stock on the trial balance? O A. $13,500 O B. $50,000 OC. $27,000 OD. $26.000
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as $200. c. Did not record utilities expense or the related account payable in the amount of $340. d. Understated Common Stock by $500. e. Omitted Insurance...
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