Homework Answers
| Account titles & explanations | Debit | Credit | ||||
| Supplies expense | 29700 | |||||
| supplies. | 29,700 | |||||
Add Answer to:
On March 1, O'Brien Brewery had $31,150 of brewing supplies available. At May 31, an inventory...
1. The bottling equipment at O'Brien Brewery depreciates $18,000 per year. What is the monthly adjusting...
1. The bottling equipment at O'Brien Brewery depreciates $18,000 per year. What is the monthly adjusting entry? Account Titles and Explanation Debit Credit
Sheridan Company's general ledger showed $780 in the Supplies account on January 1, 2021. On May...
Sheridan Company's general ledger showed $780 in the Supplies account on January 1, 2021. On May 31, 2021, the company paid $3,135 for additional supplies. A count on December 31, 2021, showed $930 of supplies on hand. Prepare the journal entry to record the purchase of supplies on May 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the ascount titles and enter for...
Current Attempt in Progress At March 1, 2018, Bonita Corp. had supplies on hand of $640....
Current Attempt in Progress At March 1, 2018, Bonita Corp. had supplies on hand of $640. During the month, Minutemen purchased supplies of $1200 and used supplies of $1640. The March 31 adjusting journal entry should include a ООО credit to the supplies account for $640. debit to the supplies account for $1200. debit to the supplies account for $1640. credit to the supplies account for $1640.
Sunland Advertising Company's trial balance at December 31 shows Supplies 56,900 and Supplies Experse $0 On...
Sunland Advertising Company's trial balance at December 31 shows Supplies 56,900 and Supplies Experse $0 On December 31, there are $2,800 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Credit Date Account Titles and Explanation Debit Dec. 31 Supplies Supplies Expense...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2.560 36,000 11,000 An analysis of the accounts shows the following. Insurance expires at the rate of $320 per month Supplies on hand total $900. The equipment depreciates $240 per month. During March, services were performed for two-fifths of the unearned service revenue. 1 2 3. 4 Prepare...
The ledger of Novak Corp.on March 31 of the current year includes the selected accounts below...
The ledger of Novak Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $8,400 Prepaid Insurance 10,080 Equipment 70,000 Accumulated Depreciation-Equipment $23,520 Notes Payable 56,000 Unearned Rent Revenue 34,720 Rent Revenue 168,000 Interest Expense Salaries and Wages Expense 39,200 An analysis of the accounts shows the following. 1. The equipment depreciates $784 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit 4,100 Supplies Prepaid Insurance 2.240 25.500 Equipment Unearned Service Revenue 12,300 An analysis of the accounts shows the following 1. Insurance expires at the rate of $280 per month 2 Supplies on hand total $960. 3. The equipment depreciates $170 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
Exercise 3-05 The ledger of Blue Rental Agency on March 31 of the current year includes...
Exercise 3-05 The ledger of Blue Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Credit Debit $3,888 2,813 26,450 Y Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $9,221 19,570 4,020 64,520 -0- 13,720 An analysis of the accounts shows the following. 1. The equipment depreciates $228 per month. 2. One-third of the unearned rent was recognized...
1. Atlas Company's Store Supplies account had a beginning balance of $780. Throughout the year the...
1. Atlas
Company's Store Supplies account had a beginning balance of $780.
Throughout the year the company purchased $1,500 in supplies. A
physical count of the supplies showed $525 of unused supplies
available as of December 31, 2015. Prepare the required adjusting
entry. 2. You have the following insurance policies:
1. Atlas Company's Store Supplies account had a beginning balance of $780. Throughout the year the company purchased $1,500 in supplies. A physical count of the supplies showed $525 of...
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31,...
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31, there are $2,110 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Expense 6,680 Supplies 6,680 Using T-accounts, enter the...
1. The bottling equipment at O'Brien Brewery depreciates $18,000 per year. What is the monthly adjusting entry? Account Titles and Explanation Debit Credit
Sheridan Company's general ledger showed $780 in the Supplies account on January 1, 2021. On May 31, 2021, the company paid $3,135 for additional supplies. A count on December 31, 2021, showed $930 of supplies on hand. Prepare the journal entry to record the purchase of supplies on May 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the ascount titles and enter for...
Current Attempt in Progress At March 1, 2018, Bonita Corp. had supplies on hand of $640. During the month, Minutemen purchased supplies of $1200 and used supplies of $1640. The March 31 adjusting journal entry should include a ООО credit to the supplies account for $640. debit to the supplies account for $1200. debit to the supplies account for $1640. credit to the supplies account for $1640.
Sunland Advertising Company's trial balance at December 31 shows Supplies 56,900 and Supplies Experse $0 On December 31, there are $2,800 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Credit Date Account Titles and Explanation Debit Dec. 31 Supplies Supplies Expense...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2.560 36,000 11,000 An analysis of the accounts shows the following. Insurance expires at the rate of $320 per month Supplies on hand total $900. The equipment depreciates $240 per month. During March, services were performed for two-fifths of the unearned service revenue. 1 2 3. 4 Prepare...
The ledger of Novak Corp.on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $8,400 Prepaid Insurance 10,080 Equipment 70,000 Accumulated Depreciation-Equipment $23,520 Notes Payable 56,000 Unearned Rent Revenue 34,720 Rent Revenue 168,000 Interest Expense Salaries and Wages Expense 39,200 An analysis of the accounts shows the following. 1. The equipment depreciates $784 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit 4,100 Supplies Prepaid Insurance 2.240 25.500 Equipment Unearned Service Revenue 12,300 An analysis of the accounts shows the following 1. Insurance expires at the rate of $280 per month 2 Supplies on hand total $960. 3. The equipment depreciates $170 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
Exercise 3-05 The ledger of Blue Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Credit Debit $3,888 2,813 26,450 Y Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $9,221 19,570 4,020 64,520 -0- 13,720 An analysis of the accounts shows the following. 1. The equipment depreciates $228 per month. 2. One-third of the unearned rent was recognized...
1. Atlas
Company's Store Supplies account had a beginning balance of $780.
Throughout the year the company purchased $1,500 in supplies. A
physical count of the supplies showed $525 of unused supplies
available as of December 31, 2015. Prepare the required adjusting
entry. 2. You have the following insurance policies:
1. Atlas Company's Store Supplies account had a beginning balance of $780. Throughout the year the company purchased $1,500 in supplies. A physical count of the supplies showed $525 of...
Sandhill Co's trial balance at December 31 shows Supplies $8,790 and Supplies Expense $0.On December 31, there are $2,110 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Expense 6,680 Supplies 6,680 Using T-accounts, enter the...
Most questions answered within 3 hours.
-
what process occurs to form microspores and megaspores in flowering
plants?
asked 4 minutes ago -
C++
I need to use the function getData to put in all my data using
arrays....
asked 3 minutes ago -
A block is hung by a string from the inside roof of a van. When
the...
asked 10 minutes ago -
Do you think companies should not go for long term debt in their
capital structure to...
asked 19 minutes ago -
I create an address book where the user enters the name, phone
and email in the...
asked 25 minutes ago -
The production capacity for acrylonitrile
(C3H3N) in the United States exceeds 2
million pounds per year....
asked 32 minutes ago -
explain and comment out your answer
43. How many address lines are required to address a...
asked 39 minutes ago -
A sample of 45 observations is selected from a normal
population. The sample mean is 49,...
asked 53 minutes ago -
A construction company is planning to bid on a building
contract. The bid costs the company...
asked 51 minutes ago -
A firm operating in a purely competitive environment is faced
with a market price of $250....
asked 58 minutes ago -
•Let’s say someone claims the average population size is
600 feet squared and the housing authority...
asked 1 hour ago -
Cynaide is a deadly poison that blocks the last step in the
electron transport chain of...
asked 1 hour ago