Wrong answer were posted before kindly provide correct solution Preparing a Trial Balance Preparation The following...
Wrong answer were posted before kindly provide correct solution
Preparing a Trial Balance Preparation
The following accounts and account balances are available for Badger Auto Parts at December 31, 2011:
Homework Answers
Trial balance
| Debit | Credit | |
| Cash | 3200 | |
| Account receivable | 40800 | |
| Inventory | 60500 | |
| Prpeaid rent | 15250 | |
| Furniture | 128000 | |
| Accumulated depreciation (Furniture) | 47300 | |
| Account payable | 8500 | |
| Interest payable | 1800 | |
| Income tax payable | 3600 | |
| Notes payable (long term) | 50000 | |
| Common Stock | 100000 | |
| Retained earnings | 15900 | |
| Sales revenue | 264700 | |
| Cost of goods sold | 184300 | |
| Depreciation expense (furniture) | 10400 | |
| Utilities expense | 9700 | |
| Interest expense | 6650 | |
| Advertising expense | 29200 | |
| Income taxes expense | 3800 | |
| Total | 491800 | 491800 |
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Wrong answer were posted before kindly provide correct
solution
Preparing a Trial Balance Preparation
The following...
Please answer all. Correct answers only please. I posted this before and got the wrong answer....
Please answer all. Correct answers only please. I posted this
before and got the wrong answer. Keep in mind that i am limited on
how many questions i can post a month. Please fill in the blanks
with the correct answers. Thanks kindly.
Measurement ofthe rectangularsolid with themetrierlerle Deviation Absolute Length from theDeviation Ruler Readings Left End Right End Mean 40cm|45 | 5 | 0 31 |36 | 5 | 0 | 3164 |59 | 5 | 0 50 58...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
E3-39. Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending...
E3-39. Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2018, is: SOLOMON CORPORATION Adjusted Trial Balance December 31, 2018 Debit Credit $ 4,000 6,500 78,000 .. Cash.. Accounts receivable Equipment Accumulated depreciation Notes payable. Common stock Rotainod earnings Service fees revenue Rent expense... Salaries expense Depreciation expense. Totals $ 14,000 10,000 43.000 12,600 71,000 18,000 37.100 7,000 $150,600 $150,600 a. Prepare its income statement and statement of stockholders' equity for the...
The following data are taken from the unadjusted trial balance of the Westcott Company at December...
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account carries a normal balance. Set up a 10-column work sheet to answer the requirements. esclse. Preparing unadjusted and adjusted trial balances, including the adjustments P1 56 $ 6 Accounts Payable..... Accounts Receivable Accumulated Depreciation-Equip.. Cash Equipment Prepaid Insurance...... Revenue............. Salaries Expense....... Supplies W. Westcott, Capital .... 15 $18 75 18 24 42 W. Westcott, Withdrawals.. . Unearned Revenue .......... Utilities Expense...
P3-41. Preparing an Unadjusted Trial Balance and Adjustments SnapShot Company, a commercial photography studio, has just...
P3-41. Preparing an Unadjusted Trial Balance and Adjustments SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2018. General ledger account balances before year-end adjustments follow; no adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash........ . . . . . . Accounts receivable....... Prepaid rent ..................... Prepaid insurance................. Supplies ............... Equipment ...................... $ 2,150 3,800 12,600 2,970 4,250...
Your answer is partially correct. Try again. This trial balance of Sunland Company does not balance....
Your answer is partially correct. Try again. This trial balance of Sunland Company does not balance. Credit $ 5,890 SUNLAND COMPANY Trial Balance June 30, 2022 Debit Cash Accounts Receivable $ 5,990 Supplies 2,150 Equipment 5,800 Accounts Payable Unearned Service Revenue 2,550 Common Stock Dividends 800 Service Revenue Salaries and Wages Expense 3,550 Utilities Expense 935 $21,775 6 486 11,800 6,280 $30,456 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger...
Cornerstone Exercise 2-26 (Algorithmic) Preparing a Trial Balance Listed below are the ledger accounts for Borges...
Cornerstone Exercise 2-26 (Algorithmic) Preparing a Trial Balance Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have normal balances. $27,170 12,850 Service Revenue Cash Accounts Payable Common Stock Rent Expense 2,825 15,000 Dividends 2,400 1,500 4,300 Salaries Expense 16,485 Equipment Accounts Receivable Advertising Expense 5,700 1,760 Required: Prepare a trial balance for Borges at December 31, 2019. If an amount box does not require an entry, leave it blank. Borges Inc. Trial Balance...
/s3-13 Preparing an adjusted trial balance Steve's Tax Services had the following accounts and account balances...
/s3-13 Preparing an adjusted trial balance Steve's Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. $ ? 24,000 550 Cash Land Utilities Payable Accounts Payable Accumulated Depreciation-Equipment Service Revenue Supplies Expense Steve, Withdrawals 3,800 1,500 90,000 700 28,000 Equipment $ 25,000 Accounts Receivable 4,250 Office Supplies 900 Steve, Capital 18,600 Utilities Expense 1,550 Unearned Revenue 600 Depreciation Expense-Equipment 1,800 Salaries Expense 5,200 Prepare the adjusted trial balance for Steve's Tax...
Please provide correct answer The following data were compiled prior to preparing the balance sheet of the San Juan Cor...
Please provide correct answer
The following data were compiled prior to preparing the balance sheet of the San Juan Corporation as of December 31, 2019: Authorized common stock, P100 par value P2.000.000 Donated capital 400,000 Revaluation increment on property 400,000 Unissued common stock 400,000 Retained earnings, unappropriated 360,000 Reserve for depreciation 300,000 Subscribe capital stock 240,000 Reserve for bond sinking fund 200,000 Premium on capital stock 160,000 Premium on bonds payable 120,000 Stock warrants outstanding 100,000 Cash dividends payable 80.000...
Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted...
Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 9,800 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 9,790 318 Retained earnings 35,600 319 Dividends 6,000 404 Services revenue 32,400 612 Depreciation expense-Equipment 2,000 622 salaries expense 18,889 637 Insurance expense...
Please answer all. Correct answers only please. I posted this
before and got the wrong answer. Keep in mind that i am limited on
how many questions i can post a month. Please fill in the blanks
with the correct answers. Thanks kindly.
Measurement ofthe rectangularsolid with themetrierlerle Deviation Absolute Length from theDeviation Ruler Readings Left End Right End Mean 40cm|45 | 5 | 0 31 |36 | 5 | 0 | 3164 |59 | 5 | 0 50 58...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
E3-39. Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2018, is: SOLOMON CORPORATION Adjusted Trial Balance December 31, 2018 Debit Credit $ 4,000 6,500 78,000 .. Cash.. Accounts receivable Equipment Accumulated depreciation Notes payable. Common stock Rotainod earnings Service fees revenue Rent expense... Salaries expense Depreciation expense. Totals $ 14,000 10,000 43.000 12,600 71,000 18,000 37.100 7,000 $150,600 $150,600 a. Prepare its income statement and statement of stockholders' equity for the...
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account carries a normal balance. Set up a 10-column work sheet to answer the requirements. esclse. Preparing unadjusted and adjusted trial balances, including the adjustments P1 56 $ 6 Accounts Payable..... Accounts Receivable Accumulated Depreciation-Equip.. Cash Equipment Prepaid Insurance...... Revenue............. Salaries Expense....... Supplies W. Westcott, Capital .... 15 $18 75 18 24 42 W. Westcott, Withdrawals.. . Unearned Revenue .......... Utilities Expense...
P3-41. Preparing an Unadjusted Trial Balance and Adjustments SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2018. General ledger account balances before year-end adjustments follow; no adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash........ . . . . . . Accounts receivable....... Prepaid rent ..................... Prepaid insurance................. Supplies ............... Equipment ...................... $ 2,150 3,800 12,600 2,970 4,250...
Your answer is partially correct. Try again. This trial balance of Sunland Company does not balance. Credit $ 5,890 SUNLAND COMPANY Trial Balance June 30, 2022 Debit Cash Accounts Receivable $ 5,990 Supplies 2,150 Equipment 5,800 Accounts Payable Unearned Service Revenue 2,550 Common Stock Dividends 800 Service Revenue Salaries and Wages Expense 3,550 Utilities Expense 935 $21,775 6 486 11,800 6,280 $30,456 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger...
Cornerstone Exercise 2-26 (Algorithmic) Preparing a Trial Balance Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have normal balances. $27,170 12,850 Service Revenue Cash Accounts Payable Common Stock Rent Expense 2,825 15,000 Dividends 2,400 1,500 4,300 Salaries Expense 16,485 Equipment Accounts Receivable Advertising Expense 5,700 1,760 Required: Prepare a trial balance for Borges at December 31, 2019. If an amount box does not require an entry, leave it blank. Borges Inc. Trial Balance...
/s3-13 Preparing an adjusted trial balance Steve's Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. $ ? 24,000 550 Cash Land Utilities Payable Accounts Payable Accumulated Depreciation-Equipment Service Revenue Supplies Expense Steve, Withdrawals 3,800 1,500 90,000 700 28,000 Equipment $ 25,000 Accounts Receivable 4,250 Office Supplies 900 Steve, Capital 18,600 Utilities Expense 1,550 Unearned Revenue 600 Depreciation Expense-Equipment 1,800 Salaries Expense 5,200 Prepare the adjusted trial balance for Steve's Tax...
Please provide correct answer
The following data were compiled prior to preparing the balance sheet of the San Juan Corporation as of December 31, 2019: Authorized common stock, P100 par value P2.000.000 Donated capital 400,000 Revaluation increment on property 400,000 Unissued common stock 400,000 Retained earnings, unappropriated 360,000 Reserve for depreciation 300,000 Subscribe capital stock 240,000 Reserve for bond sinking fund 200,000 Premium on capital stock 160,000 Premium on bonds payable 120,000 Stock warrants outstanding 100,000 Cash dividends payable 80.000...
Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 9,800 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 9,790 318 Retained earnings 35,600 319 Dividends 6,000 404 Services revenue 32,400 612 Depreciation expense-Equipment 2,000 622 salaries expense 18,889 637 Insurance expense...
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