PIPERS PLUMBING | ||
Post-Closing Trial Balance | ||
December 31, 2021 | ||
Accounts | Debit | Credit |
Cash | $ 52,950 | |
Accounts Receivable | $ 21,350 | |
Supplies | $ 1,100 | |
Equipment | $ 33,000 | |
Accumulated Depreciation | $ 14,800 | |
Accounts Payable | $ 5,400 | |
Utilities Payable | $ 6,300 | |
Deferred Revenue | $ 2,700 | |
Common Stock | $ 32,500 | |
Retained Earnings | $ 46,700 | |
Dividends | ||
Service Revenue | ||
Salaries Expense | ||
Utilities Expense | ||
Supplies Expense | ||
Depreciation Expense | ||
Total | $ 108,400 | $ 108,400 |
Here is the formula version
PIPERS PLUMBING | ||
Post-Closing Trial Balance | ||
December 31, 2021 | ||
Accounts | Debit | Credit |
Cash | =4350+18500+51500+11000-32700-6400+9400-2700 | |
Accounts Receivable | =9350+63500-51500 | |
Supplies | =3350-2250 | |
Equipment | 33000 | |
Accumulated Depreciation | =7400+7400 | |
Accounts Payable | 5400 | |
Utilities Payable | =6400-6400+6300 | |
Deferred Revenue | =9400-6700 | |
Common Stock | =21500+11000 | |
Retained Earnings | =9350+18500+63500-32700-2700-7400-2250+6700-6300 | |
Dividends | ||
Service Revenue | ||
Salaries Expense | ||
Utilities Expense | ||
Supplies Expense | ||
Depreciation Expense | ||
Total | =SUM(C8:C23) | =SUM(D8:D23) |
Please show/explain how answer is found. Required information Problem 3-8B Complete the full accounting cycle (LO3-3,...
Complete the full accounting cycle Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Accounts Debits Cash $ 3,700 Accounts 8,700 Receivable Supplies 2,700 Equipment 20,000 Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 35,100 $ 4,800 2,800 3,800 0 15,000 8,700 $35, 100...
Questions: (please explain and show how answers are found) (These last 3 pictures are the same question) Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 4,350 9,350 3,350 33,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings...
ork (Algo) 0 Saved Help Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances Credits Debits $ 4,100 9,100 3,100 28,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,400 4,400 5,400 19,000 9,100 $44,300 $44,300 The following is a summary...
Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Debits Credits $ 3,750 8,750 2,750 21,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 5,000 3,000 4,000 0 15,500 8,750 $36, 250 $36,250 The following is a summary of...
Ime Saved Help Required Information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 4,000 9,000 3,000 26,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,000 4,000 5,000 0 18,000 9,000 $42,000 $42,000 The following is a...
Ime Saved Help Required Information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 4,000 9,000 3,000 26,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,000 4,000 5,000 D 18,000 9,000 $42,000 $42,000 The following is a...
Help Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) (The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 4,000 9,000 3,000 26,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,000 4,000 5,000 0 18,000 9,000 $42,000 $42,000 The following is a summary of the transactions...
Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 4,000 9,000 3,000 26,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,000 4,000 5,000 0 18,000 9,000 $ 42,000 $ 42,000 The following is a summary...
Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 3,500 8,500 2,500 16,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 4,000 2,000 3,000 13,000 8,500 $30,500 $30,500 The following is a summary of the transactions for the...
Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) of 8 The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balar Credits Debits $ 4,100 9,100 3,100 28,000 eBook Print Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,400 4,400 5,400 leferences 19,000 9,100 $44,300 $44,300 The following is...