The transactions for 1 minus 2 minus 3, Inc., for the month of July 2018 are posted in the following T-accounts:
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The transactions for 1 minus 2 minus 3, Inc., for the month of
July 2018 are...
The transactions for Cubs Corner, Inc., for the month of August 2018 are posted in the...
The transactions for Cubs Corner, Inc., for the month of August 2018 are posted in the following T-accounts: (Click the icon to view the T-accounts.) Read the requirements Service revenue 411 Aug 6 17 3,000 5,000 Requirement 1. Calculate account balances at August 31, 2018 Cash 111 Equipment Aug 1 55,000 Aug 2 1.100 A ug 4 14,500 6 3,000 4 14,500 26 6,500 23 1,400 9 350 Bal D 15 1.200 26 6,500 Accounts payable 28 390 Aug 9...
The transactions for Zane's Creations, Inc., for the month of January 2018 are posted in the following T-accounts:
The transactions for Zane's Creations, Inc., for the month of January 2018 are posted in the following T-accounts: Requirement 1. Calculate account balances at January 31, 2018.
Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the...
Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the transactions.) Read the requirements Requirement 9. Prepare a post-closing trial balance. (Exclude any permanent accounts with a zero balance from the post-closing trial balance.) Review the T-accounts you prepared in Requirement 8 Miller Delivery Service Post-Closing Trial Balance December 31, 2016 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. Clear...
The following information appies to the questions displayed below. On July 1, 2018, Tony and Suzie...
The following information appies to the questions displayed below. On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures Inc. The following transactions occur from August 1 through Decomber 31 Also, the balances are provided for the month ended July 31. ug. 1 Great dventures obtains a 35,000 ow interest loan or the company from the city council which has recently passed an initiative encouraging business development related to outdoor activities. The loan is...
ITK, Inc. has the following adjusted trial balance as of Deoember 31, 2018, the company's year...
ITK, Inc. has the following adjusted trial balance as of Deoember 31, 2018, the company's year end EEB (Click the icon to view the adjusted trial balance.) Adjusted trial balance a. Prepare the necessary dlosing entries for ITK, Inc. at December 31, 2018. Omit explanations b. Prepare the post-closing trial balance for ITK, Inc. at December 31, 2018 ITK, Ine. Adjusted Trial Balance At December 31,2018 Requirement a. Prepare the necessary closing entries for ITK, Inc. at December 31, 2018....
McDonough Construction, Inc., completed the following transactions during August 2018, its first month of operations: (Click...
McDonough Construction, Inc., completed the following transactions during August 2018, its first month of operations: (Click the icon to view the transactions.) Read the requirements, Requirement 1. Record transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 2: Sold $85,000 of common stock to D.J. McDonough to start the construction business. Journal Entry Date Accounts Debit Credit Aug 0 Requirements Aug 3: Paid monthly office rent, $1,000. Journal Entry...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600 5,000 465,500 12,000 45,000 2,000 48,000 10,000 143,000 14,000 3,000...
Requirement 1, 3, and 4 1. Journalize the transactions given for July in the general journal....
Requirement 1, 3, and 4 1. Journalize the transactions given for July in the general journal. 3. Prepare a trial balance as of July 31. 4. Prepare the financial statements for July using the trial balance Previous PROBLEM 3-C Ledger Cards Account: Accounts Payable Date Explanation 8-Jul Debit 600,000 Debit Credit 28,800 CR Balance 28,800 Account: Cash Date Explanation 1-Jul 5-Jul 15-Jul 18-Jul 23-Jul 27-Jul 30-Jul 31-Jul 31-Jul 31-Jul DR Credit Balance 600,000 5,000 595,000 120,000 475,000 2,880 472,120 489,400...
The followlng transactions occurred during March 2018 for the Walnwright Corporation. The company owns and operates...
The followlng transactions occurred during March 2018 for the Walnwright Corporation. The company owns and operates a wholesale warehouse. 1 Issued 50,000 shares of common stock In exchange for $500,000 In cash 2 Purchased equipment at a cost of $60,000. $20,000 cash was pald and a note payable was slgned for the balance owed. 3. Purchased Inventory on account at a cost of $118,000. The company uses the perpetual Inventory system. 5. Pald $7000 In rent on the warehouse building...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
The transactions for Cubs Corner, Inc., for the month of August 2018 are posted in the following T-accounts: (Click the icon to view the T-accounts.) Read the requirements Service revenue 411 Aug 6 17 3,000 5,000 Requirement 1. Calculate account balances at August 31, 2018 Cash 111 Equipment Aug 1 55,000 Aug 2 1.100 A ug 4 14,500 6 3,000 4 14,500 26 6,500 23 1,400 9 350 Bal D 15 1.200 26 6,500 Accounts payable 28 390 Aug 9...
The transactions for Zane's Creations, Inc., for the month of January 2018 are posted in the following T-accounts: Requirement 1. Calculate account balances at January 31, 2018.
Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the transactions.) Read the requirements Requirement 9. Prepare a post-closing trial balance. (Exclude any permanent accounts with a zero balance from the post-closing trial balance.) Review the T-accounts you prepared in Requirement 8 Miller Delivery Service Post-Closing Trial Balance December 31, 2016 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. Clear...
The following information appies to the questions displayed below. On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures Inc. The following transactions occur from August 1 through Decomber 31 Also, the balances are provided for the month ended July 31. ug. 1 Great dventures obtains a 35,000 ow interest loan or the company from the city council which has recently passed an initiative encouraging business development related to outdoor activities. The loan is...
ITK, Inc. has the following adjusted trial balance as of Deoember 31, 2018, the company's year end EEB (Click the icon to view the adjusted trial balance.) Adjusted trial balance a. Prepare the necessary dlosing entries for ITK, Inc. at December 31, 2018. Omit explanations b. Prepare the post-closing trial balance for ITK, Inc. at December 31, 2018 ITK, Ine. Adjusted Trial Balance At December 31,2018 Requirement a. Prepare the necessary closing entries for ITK, Inc. at December 31, 2018....
McDonough Construction, Inc., completed the following transactions during August 2018, its first month of operations: (Click the icon to view the transactions.) Read the requirements, Requirement 1. Record transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 2: Sold $85,000 of common stock to D.J. McDonough to start the construction business. Journal Entry Date Accounts Debit Credit Aug 0 Requirements Aug 3: Paid monthly office rent, $1,000. Journal Entry...
Everly Company Unadjusted Trial Balance December 31, 2018 106,000 28,000 7,500 30,000 110,000 15,000 80,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 46,000 8,000 17,900 12,500 50,000 46,000 47,600 5,000 465,500 12,000 45,000 2,000 48,000 10,000 143,000 14,000 3,000...
Requirement 1, 3, and 4 1. Journalize the transactions given for July in the general journal. 3. Prepare a trial balance as of July 31. 4. Prepare the financial statements for July using the trial balance Previous PROBLEM 3-C Ledger Cards Account: Accounts Payable Date Explanation 8-Jul Debit 600,000 Debit Credit 28,800 CR Balance 28,800 Account: Cash Date Explanation 1-Jul 5-Jul 15-Jul 18-Jul 23-Jul 27-Jul 30-Jul 31-Jul 31-Jul 31-Jul DR Credit Balance 600,000 5,000 595,000 120,000 475,000 2,880 472,120 489,400...
The followlng transactions occurred during March 2018 for the Walnwright Corporation. The company owns and operates a wholesale warehouse. 1 Issued 50,000 shares of common stock In exchange for $500,000 In cash 2 Purchased equipment at a cost of $60,000. $20,000 cash was pald and a note payable was slgned for the balance owed. 3. Purchased Inventory on account at a cost of $118,000. The company uses the perpetual Inventory system. 5. Pald $7000 In rent on the warehouse building...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
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