rate positively ..
Trial balance | ||
Accounts | Debit | Credit |
Cash | 5750 | |
Salaries payable | 600 | |
Perpaid rent | 800 | |
Accounts payable | 1650 | |
Retained earning | 1450 | |
Salaries expenses | 2300 | |
Dividends | 400 | |
Rent expenses | 1650 | |
Account receivable | 3700 | |
Common stocks | 5500 | |
Service revenue | 6400 | |
Advertisement expenses | 1000 | |
Totals | 15600 | 15600 |
Saved Save & Exit Help Check Use the information given below: Cash Salaries Payable Prepaid Rent...
CH 2 Problem Assignment i Saved Help Save & Exit Submit Check my work For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance. 0.5 points Type of Account Normal Balance Increase (Dr. or Cr.) 8 04:38:40 eBook Account a. Accounts Receivable b....
Saved Help Save & Exit Check Required information [The following information applies to the questions displayed below.] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson company uses a perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation Expense-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ 17,...
Help Save & Exit 18 Submit Check my work Part 1 of 3 The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,400 134,000 4,400 22,000 240,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $119.000 10,400 9,400 3,400 24,000 140,000 44,000...
2,3 Saved Help Save & Exit [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 In assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies Land office equipment Accounts payable Owner investments $13, 210 13,320 2,720 45,910 17,350 7,970 83,390 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense...
Saved Help Save & Exit Submit Credit 37 1 Trial Balance December 31 3 Debit 4 Cash $5,700 5 Accounts receivable 1,400 6 Note receivable 11,100 7 Prepaid services 3,800 8 Office equipment 27,400 9 Accounts payable 10 Uneamed ticket revenue 11 Owner, Capital 12 Owner, Withdrawals 1,600 13 Ticket revenue 14 Rental revenue 15 Salaries expense 2,800 16 Utilities expense 2,400 17 Rent expense 1,700 18 Totals $57.900 19 $7,600 4,400 37,000 7,200 1,700 $57.900 Which formula correctly calculates...
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Question 7 View Policies Current Attempt in Progress From the ledger balances below. prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable $ 1,100 Cash 5,500 Common Stock 18,000 Dividends 1,450 Equipment 13,150 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,750 2,750 3.750 1.250 BLOSSOM COMPANY Trial Balance Debit Credit
A company had the following adjusted trial balance on December 31, 2012:Cash$5,000Accounts Receivable5,500Supplies1,800Prepaid Rent36,000Land7,000Accounts Payable$1,000Unearned Service Revenue3,500Common Stock44,000Retained Earnings10,500Dividends3,300Service Revenue156,250Salaries Expense152,000Rent Expense900Utilities Expense1,650Supplies Expense2,100$215,250$215,250 The closing entry to close the Income Summary would include which entry to Retained Earnings?Group of answer choicescredit of $400debit of $400credit of $3,700debit of $3,700debit of $2,900
UNCTIUNEnteps%253A%252F%252Fkei... 01 HW Saved Help Save & Exi- Check Required information Knowledge Check 01 The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000, Accumulated Depreciation, $25,000, Accounts Payable, $10,000; Owner, Capital, $63,500; Owner, Withdrawals, $2,000; Sales, $56,000; Sales Returns and Allowances, $3,000: Sales Discounts, $1,500; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare the second closing entry by selecting the account names from the pull-down menus and entering...
Current Attempt in Progress Prepare a trial balance from the ledger accounts of Carla Vista Co. as of January 31, 2022. Accounts Payable Accounts Receivable Cash Common Stock Dividends $1,300 3,300 2,300 3,150 1,450 Rent Expense Service Revenue Supplies Salaries and Wages Expense $700 5,500 200 2,000 Debit Credit Accounts Payable $ $ 1300 Accounts Receivable 3300 Cash 2300 ownd I
HW Saved Help Save & Exit Check my Required information (The following information applies to the questions displayed below.) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 31,400 20,400 14,100 25,600 12,100 The following events apply to Oak Consulting for Year 2: 1. Provided $73,800 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $45,300...