Homework Answers
| PS Music | ||
| Unadjusted Trial Balance | ||
| Debit | Credit | |
| Cash | 9945 | |
| Accounts Receivable | 2750 | |
| Supplies | 1020 | |
| Prepaid Insurance | 2700 | |
| Office Equipment | 7500 | |
| Accounts Payable | 8350 | |
| Unearned Revenue | 7200 | |
| Peyton Smith , Capital | 9000 | |
| Peyton Smith, Drawings | 1750 | |
| Fees Earned | 16200 | |
| Wages Expense | 2800 | |
| Office Rent Expense | 2550 | |
| Equipment Rent Expense | 1375 | |
| Utilities Expense | 1215 | |
| Music Expense | 3610 | |
| Advertising Expense | 1500 | |
| Supplies Expense | 180 | |
| Miscellaneous Expense | 1855 | |
| Total | 40750 | 40750 |
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Chapter 2-instruction 2 The following transactions were completed by PS Music during July, the second month...
Chapter 2-Instruction 2 The following transactions were completed by PS Music during July, the second month...
Chapter 2-Instruction 2 The following transactions were completed by PS Music during July, the second month of the business's operations: Analyze and journalize each transaction in the two-column journal below. Include Posting References, using the account numbers in your spreadsheet. If an amount box does not require an entry, leave it blank. July 1: Peyton Smith made an additional investment in PS Music by depositing $5,000 in PS Music's checking account. Account Post. Ref. Debit Credit Cash v 5,000 11...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31,...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 11 9,945 Accounts Receivable 12 2,750 Supplies 14 1,020 Prepaid Insurance 15 2,700 Office Equipment 17 7,500 Accounts Payable 21 8,350 Unearned Revenue 23 7,200 Peyton Smith, Capital 31 9,000 Peyton Smith, Drawing 33 1,750 Fees Earned 41 16,200 Wages Expense 50 2,800 Office Rent...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31,...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 119 12 ,945 2,750 Accounts Receivable Supplies Prepaid Insurance 1,020 15 2,700 Office Equipment 17 7,500 Accounts Payable Unearned Revenue 23 8,350 7,200 9,000 Peyton Smith, Capital Peyton Smith, Drawing 1,750 Fees Earned 41 16,200 Wages Expense 2,800 51 2,550 Office Rent Expense Equipment Rent...
Continuing Problem Chapter 2-Instruction #1 Save a copy of the spreadsheet by clicking on the "Spreadsheet"...
Continuing Problem Chapter 2-Instruction #1 Save a copy of the spreadsheet by clicking on the "Spreadsheet" here. You will need this completed spreadsheet for the remaining parts of this Continuing Problem. Be sure to save the spreadsheet in a safe place for future use. PS Music's chart of accounts and the balance of accounts as of July 1, 2019 (all normal balances), are as follows: 11 Cash $3,920 41 Fees Earned $6,200 12 Accounts Receivable 1,000 50 Wages Expense 400...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 2,750 Accounts Receivable Supplies 1,020 2,700 7,500 8,350 7,200 9,000 Prepaid Insurance Office Equipment Accounts Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense 16,200 2,800 2,550 1,375 1,215 Calculator...
The transactions completed by PS Music during June 2018 were described at the end of Chapter...
The transactions completed by PS Music during June 2018 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing Jul $5,000 in PS Music's checking account Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music storee. Paid rent...
The transactions completed by PS Music during June 2018 were described at the end of Chapter...
The transactions completed by PS Music during June 2018 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations: July 1. Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing $5,000 in PS Musics checking account 1. Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music store....
The transactions completed by PS Music during June 2018 were described at the end of Chapter...
The transactions completed by PS Music during June 2018 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing Jul $5,000 in PS Music's checking account Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music storee. Paid rent...
Continuing Problem 4. Total of Debit column: The transactions completed by PS Music during June 20Y5...
Continuing Problem 4. Total of Debit column: The transactions completed by PS Music during June 20Y5 were described at the end of Chapter 1. The $40,750 following transactions were completed during July, the second month of the business's operations: July 1. Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing $5,000 in PS Music's checking account. 1. Instead of continuing to share office space with a local real estate agency, Peyton decided to...
what are the post. Ref. #2. Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial...
what are the post. Ref.
#2.
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash ,945 119 12 Accounts Receivable 2,750 Supplies 1,020 2,700 Prepaid Insurance Office Equipment Accounts Payable 7,500 Unearned Revenue 8,350 7,200 9,000 1,750 Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense 16,200 2,800 Check My Work...
Chapter 2-Instruction 2 The following transactions were completed by PS Music during July, the second month of the business's operations: Analyze and journalize each transaction in the two-column journal below. Include Posting References, using the account numbers in your spreadsheet. If an amount box does not require an entry, leave it blank. July 1: Peyton Smith made an additional investment in PS Music by depositing $5,000 in PS Music's checking account. Account Post. Ref. Debit Credit Cash v 5,000 11...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 119 12 ,945 2,750 Accounts Receivable Supplies Prepaid Insurance 1,020 15 2,700 Office Equipment 17 7,500 Accounts Payable Unearned Revenue 23 8,350 7,200 9,000 Peyton Smith, Capital Peyton Smith, Drawing 1,750 Fees Earned 41 16,200 Wages Expense 2,800 51 2,550 Office Rent Expense Equipment Rent...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 2,750 Accounts Receivable Supplies 1,020 2,700 7,500 8,350 7,200 9,000 Prepaid Insurance Office Equipment Accounts Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense 16,200 2,800 2,550 1,375 1,215 Calculator...
The transactions completed by PS Music during June 2018 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing Jul $5,000 in PS Music's checking account Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music storee. Paid rent...
The transactions completed by PS Music during June 2018 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations: July 1. Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing $5,000 in PS Musics checking account 1. Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music store....
The transactions completed by PS Music during June 2018 were described at the end of Chapter 1. The following transactions were completed during July, the second month of the business's operations Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing Jul $5,000 in PS Music's checking account Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music storee. Paid rent...
Continuing Problem 4. Total of Debit column: The transactions completed by PS Music during June 20Y5 were described at the end of Chapter 1. The $40,750 following transactions were completed during July, the second month of the business's operations: July 1. Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing $5,000 in PS Music's checking account. 1. Instead of continuing to share office space with a local real estate agency, Peyton decided to...
what are the post. Ref.
#2.
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash ,945 119 12 Accounts Receivable 2,750 Supplies 1,020 2,700 Prepaid Insurance Office Equipment Accounts Payable 7,500 Unearned Revenue 8,350 7,200 9,000 1,750 Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense 16,200 2,800 Check My Work...
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