Question

3-14B Journalizing posting, adjusted trial balance, adjusting entries (monthly), financial he adjusted during the statements
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Journal Entries Date Account Title and Explaination Post. Ref. Debit (S) Credit (S) Jul.1 3,600.00 Cash Unearned Revenue (ToJul.15 S 4,000.00 Melanie Thornhill, Withdrawals Cash (To record Cash withdrawn for personal use) 4,000.00 Jul.22 $ 1,600.00

Add a comment
Know the answer?
Add Answer to:
3-14B Journalizing posting, adjusted trial balance, adjusting entries (monthly), financial he adjusted during the statements (quarterly)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • on july 1 2017 melanie thornhill began her oblem 3-14B Journalizing, posting, adjusted trial balance, adjusting...

    on july 1 2017 melanie thornhill began her oblem 3-14B Journalizing, posting, adjusted trial balance, adjusting entries (monthly), financial statements (quarterly) 104,5,6,7 senado adj TB CHECK FIGURES: 3. Cash balance, July 31, 2017 = $3,400: 4. Dr = $45,820: 6. Dr = $50,100: 7. Profit $7,550 On July 1, 2017, Melanie Thornhill began her third month of operating an electronics repair shop called MT Repairs out of her dad's garage. The following occurred during the third month of operations: July...

  • can anyone solve all of the questions from 1-7 ? Problem 3-14B Journ 3:14B Journalizing posting,...

    can anyone solve all of the questions from 1-7 ? Problem 3-14B Journ 3:14B Journalizing posting, adjusted trial balance, adjusting entries (monthly), financial he adjusted during the statements (quarterly) LO, 5, 6, 7 Determine FIGURES: 3. Cash balance, July 31, 2020 = $3,400,4. D $45,820. 6. Dr.= $50,100,7. Profit = $7,550 Joly 1.2020, Melanie Thornhill began her third month of operating an electronics repair shop called MT Perairs out of her dad's garage. The following occurred during the third month...

  • Adjusting Entries and Adjusted Trial Balances Reece Financial Services Co., which specializes in appliance repair services,...

    Adjusting Entries and Adjusted Trial Balances Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services’ accounting clerk prepared the following unadjusted trial balance at July 31, 20Y6: Reece Financial Services Co. Unadjusted Trial Balance July 31, 20Y6 Debit Balances Credit Balances Cash 10,200 Accounts Receivable 34,750 Prepaid Insurance 6,000 Supplies 1,725 Land 50,000 Building 155,750 Accumulated Depreciation—Building 62,850 Equipment 45,000 Accumulated Depreciation—Equipment 17,650 Accounts Payable 3,750 Unearned Rent 3,600...

  • Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 (The...

    Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 (The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018 follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a...

  • Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 [The...

    Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a...

  • P2-32A Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance The trial...

    P2-32A Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance The trial balance of Shawn Merry, CPA, is dated March 31,2018: Do SHAWN MERRY CPA Trial Balance March 31. 2018 Salance Credit Debit 11,000 16,500 Acceunt Title Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Unearned Revenue Merry, Capital Merry, Withdrawals Service Revenue Salaries Expense Rent Expense Total 400 30,000 s 3,800 52,300 8,200 5,600 800 64,300 64,300 During April, the business completed the following...

  • of Debit 420,300 ERAL LEDGER PR 3-5B Adjusting entries and adjusted trial balances Obj. 2, 3,...

    of Debit 420,300 ERAL LEDGER PR 3-5B Adjusting entries and adjusted trial balances Obj. 2, 3, 4, 5, 6 Reece Financial Services Co., which specializes in appliance repair services, is owned and oper- ated by Joni Reece. Reece Financial Services' accounting clerk prepared the following unadjusted trial balance at July 31, 2018: Reece Financial Services Co. Unadjusted Trial Balance July 31, 2018 Debit Credit Balances Balances Cash 10,200 Accounts Receivable. 34,750 Prepaid Insurance 6,000 Supplies 1,725 Land 50,000 Building 155,750...

  • Х Prepare adjusting entries, post to ledger accounts, and prepare an adjusted trial balance (LO 2,3,4)...

    Х Prepare adjusting entries, post to ledger accounts, and prepare an adjusted trial balance (LO 2,3,4) PROBLEMS: SET A P3-1A Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2019. The trial balance at May 31 is as follows. NARDELLI CONSULTING Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 4,500 112 Accounts Receivable 6,000 126 Supplies 1,900 130 Prepaid Insurance 3,600 Equipment 11,400 201 Accounts Payable $ 2,200 209 Unearned Service Revenue 2,000...

  • X Prepare adjusting entries, post to ledger accounts, and prepare an adjusted trial balance, (LO 2,...

    X Prepare adjusting entries, post to ledger accounts, and prepare an adjusted trial balance, (LO 2, 3, 4) OBLEMS: SET A P3-1A Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2019. The trial balance at May 31 is as follows. NARDELLI CONSULTING Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 4,500 112 Accounts Receivable 6,000 126 Supplies 1,900 130 Prepaid Insurance 3,600 149 Equipment 11,400 201 Accounts Payable $ 2,200 209 Unearned...

  • Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 [The...

    Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 [The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT