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RCES Blackice Coffeeshop began operations April 1. At April 30, the trial balance shows the following...
The Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows...
The Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance Equipment Notes Payable Unearned Service Revenue Service Revenue $3,600 27,000 18,000 4,200 1,800 Analysis reveals the following additional data. 1.Prepaid insurance is the cost of a 4-year insurance policy, effective April 1. 2.Depreciation on the equipment is $400 per month. 3.The note payable is dated April 1. It is a 6-month, 10% note. 4.Eight customers paid...
The Blew Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows...
The Blew Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance $3,600 Equipment 28,000 Notes Payable 20,000 Unearned Service Revenue 4,200 Service Revenue 1,800 Analysis reveals the following additional data. Prepaid insurance is the cost of a 2-year insurance policy, effective April Depreciation on equipment is $500 per month. The note payable is dated April 1, it is a 6-month, 12% note. Seven customers paid for the company’s 6-month lawn service package...
Question 25 On April 1. Marin Inc. began operations. The following transactions were completed during the...
Question 25 On April 1. Marin Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $18,700 in the business in exchange for common stock 2. Obtained a bank loan for $5,500 by issuing a note payable. 3. Paid $8,600 cash to buy equipment. 4. Paid $900 cash for April office rent. 5. Paid $1,150 for supplies. 6. Purchased $470 of advertising in the Daily Herald, on account. 7. Performed services for $14,000: cash of $1.560...
Current Attempt in Progress On April 1, Tamarisk, Inc. began operations. The following transactions were completed...
Current Attempt in Progress On April 1, Tamarisk, Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $27,400 cash. 2. Obtained a bank loan for $8,000 by issuing a note payable. 3. Paid $12,500 cash to buy equipment. 4. Paid $1,400 cash for April office rent. 5. Paid $1,650 for supplies. 6. Purchased $680 of advertising in the Daily Herald, on account. 7. Performed services for $20,500: cash of $2,280 was received from...
Trial Balance April 30, 2016 Account Debit Credit $27,500 40,400 3,000 1,400 68,800 Cash Accounts receivable...
Trial Balance April 30, 2016 Account Debit Credit $27,500 40,400 3,000 1,400 68,800 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts paya Salaries payable Unearned service revenue Common stock Retained earnings Dividends Service revenue Salaries expense Insurance expense Depreciation expense, equipment Utilities expense Supplies expense Total $34,100 ble 3,100 2,700 50,000 50,600 9,500 13,900 3,800 $ 154,400 $ 154,400 More Info a. Insurance coverage stlremaining at April 30, $300 b. Supplies used during the month, $250 c....
Len John started his own consulting firm, John Consulting, on June 1,2022. The trial balance at...
Len John started his own consulting firm, John Consulting, on June 1,2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Ravenue 7.000 1997 2,890 15,000 $ 4,255 5,200 21.997 8,300 4000 2.025 $39.752 $39.752 Common Stock Service Revenue Salaries and Wages Expense Rent Expense In addition to those accounts listed on the trial balance, the chart of...
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 cash account for American Medical Co. at April 30 indicated a balance of $84,457. The...
The cash account for American Medical Co. at April 30 indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $28,248 on a $26,400 note,...
Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance...
Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1.997 Prepaid Insurance 2.880 Equipment 15.000 Accounts Payable $4.255 Unearned Service Revenue 5.200 Common Stock 21.997 Service Revenue 8.300 Salaries and Wages Expense 4000 Rent Expense 2,025 $39.752 $39.752 In addition to those accounts listed on the trial balance, the chart of accounts...
Current Attempt in Progress On April 1, Sage Hill Inc. began operations. The following transactions were...
Current Attempt in Progress On April 1, Sage Hill Inc. began operations. The following transactions were completed during the month. 1. 2 3. 4. 5. 6. 7. Issued common stock for $25,400 cash. Obtained a bank loan for $7,400 by issuing a note payable. Paid $11,700 cash to buy equipment. Paid $1,300 cash for April office rent. Paid $1,550 for supplies. Purchased $640 of advertising in the Daily Herald, on account. Performed services for $19,100: cash of $2,120 was received...
The Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance Equipment Notes Payable Unearned Service Revenue Service Revenue $3,600 27,000 18,000 4,200 1,800 Analysis reveals the following additional data. 1.Prepaid insurance is the cost of a 4-year insurance policy, effective April 1. 2.Depreciation on the equipment is $400 per month. 3.The note payable is dated April 1. It is a 6-month, 10% note. 4.Eight customers paid...
Question 25 On April 1. Marin Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $18,700 in the business in exchange for common stock 2. Obtained a bank loan for $5,500 by issuing a note payable. 3. Paid $8,600 cash to buy equipment. 4. Paid $900 cash for April office rent. 5. Paid $1,150 for supplies. 6. Purchased $470 of advertising in the Daily Herald, on account. 7. Performed services for $14,000: cash of $1.560...
Current Attempt in Progress On April 1, Tamarisk, Inc. began operations. The following transactions were completed during the month. 1. Issued common stock for $27,400 cash. 2. Obtained a bank loan for $8,000 by issuing a note payable. 3. Paid $12,500 cash to buy equipment. 4. Paid $1,400 cash for April office rent. 5. Paid $1,650 for supplies. 6. Purchased $680 of advertising in the Daily Herald, on account. 7. Performed services for $20,500: cash of $2,280 was received from...
Trial Balance April 30, 2016 Account Debit Credit $27,500 40,400 3,000 1,400 68,800 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts paya Salaries payable Unearned service revenue Common stock Retained earnings Dividends Service revenue Salaries expense Insurance expense Depreciation expense, equipment Utilities expense Supplies expense Total $34,100 ble 3,100 2,700 50,000 50,600 9,500 13,900 3,800 $ 154,400 $ 154,400 More Info a. Insurance coverage stlremaining at April 30, $300 b. Supplies used during the month, $250 c....
Len John started his own consulting firm, John Consulting, on June 1,2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $ 6,850 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Ravenue 7.000 1997 2,890 15,000 $ 4,255 5,200 21.997 8,300 4000 2.025 $39.752 $39.752 Common Stock Service Revenue Salaries and Wages Expense Rent Expense In addition to those accounts listed on the trial balance, the chart of...
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 cash account for American Medical Co. at April 30 indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $28,248 on a $26,400 note,...
Len John started his own consulting firm, John Consulting, on June 1, 2022. The trial balance at June 30 is as follows. JOHN CONSULTING Trial Balance June 30, 2022 Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1.997 Prepaid Insurance 2.880 Equipment 15.000 Accounts Payable $4.255 Unearned Service Revenue 5.200 Common Stock 21.997 Service Revenue 8.300 Salaries and Wages Expense 4000 Rent Expense 2,025 $39.752 $39.752 In addition to those accounts listed on the trial balance, the chart of accounts...
Current Attempt in Progress On April 1, Sage Hill Inc. began operations. The following transactions were completed during the month. 1. 2 3. 4. 5. 6. 7. Issued common stock for $25,400 cash. Obtained a bank loan for $7,400 by issuing a note payable. Paid $11,700 cash to buy equipment. Paid $1,300 cash for April office rent. Paid $1,550 for supplies. Purchased $640 of advertising in the Daily Herald, on account. Performed services for $19,100: cash of $2,120 was received...
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