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Credits Account Title Debits 30,000 15,000 Cash Accounts receivable Equipment Accumulated depreciation...
Credits Account Title Debits 30,000 15,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable 20,000 6,000...
Credits Account Title Debits 30,000 15,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable 20,000 6,000 9,000 40,500 9,500 65,000 Common stock Retained earnings Total 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,300. c. Issued shares of common stock in exchange for $10,000 in cash. d. Paid salaries, $50,000 (of which $9,000 was...
Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common...
Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,300. c. Issued shares of common stock in exchange for $10,000 in cash. d. Paid salaries, $50,000 (of which $9,000 was...
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the...
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Debits Credits Cash 30,000 Accounts receivable 15,000 Equipment 20,000 Accumulated depreciation 6,000 Salaries payable 9,000 Common stock 40,500 Retained earnings 9,500 Total 65,000 65,000 The following is a summary of the transactions for the year: Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. Collected on accounts receivable, $27,300. Issued shares of...
need help please with problems 4-9!!! please and thank you Uldis Required: Prepare the adjusting journal...
need help please with problems 4-9!!! please and thank you
Uldis Required: Prepare the adjusting journal entries that were recorded at December 31, 2021. The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Debits Credits Account Title 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year:...
I'm not sure what goes in the Retained Earnings under the T-account. I'd tried crediting 32000...
I'm not sure what goes in the Retained Earnings under the
T-account. I'd tried crediting 32000 for the closing entry and it
is still wrong. Then I am also not sure what goes in the entry
under 2500 debit. The unadjusted trial balance for the salaries
payable I put in 0 and was wrong; same when I left it blank.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits...
P 2–6 Accounting cycle LO2-2 @ through LO2-70 The general ledger of the Karlin Company, a...
P 2–6 Accounting cycle LO2-2 @ through LO2-70 The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances: Account Title Debits Credits Cash 30,000 Accounts receivable 15,000 Equipment 20,000 Accumulated depreciation 6,000 Salaries payable 9,000 Common stock 40,500 Retained earnings 9,500 Total 65,000 65,000 The following is a summary of the transactions for the year: Page 101 a. Sales of services, $100,000, of which $30,000 was on credit. b. Collected on...
Please help!! Accounting Help!! The general ledger of the Karlin Company, a consulting company, at January...
Please help!! Accounting Help!!
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on...
Can someone please help Trump The general ledger of the Company, a consulting company, at January...
Can someone please help
Trump The general ledger of the Company, a consulting company, at January 1, 2000, contained the following account balances: Account Title Debits Credits 30,000 15,000 500 20,000 Cash Accounts receivable Allowance for uncollectible accounts Equipment Accumulated depreciation Salaries payable Capital stock Retained earnings Total 6,000 9,000 40,000 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Sales of services, $100,000, of which $30,000 was on credit. b. Collected on accounts...
Required: Prepare the adjusting journal entries that were recorded at December 31, 2021 The general ledger...
Required: Prepare the adjusting journal entries that were recorded at December 31, 2021 The general ledger of the Karlin Company, a consulting company, at January 1.2021. contained the account balances: Account Title Debits Credits 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9.500 65,000 65,000 The following is a su u sactions for the year: a. Service revenue, S u ch 50,000 was on account and the balance was...
Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable...
Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense 30,000 31,000 0 50,000 0 2,000 60,000 28,500 4,000 146,000 0 70,000 18,900 11,000...
Credits Account Title Debits 30,000 15,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable 20,000 6,000 9,000 40,500 9,500 65,000 Common stock Retained earnings Total 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,300. c. Issued shares of common stock in exchange for $10,000 in cash. d. Paid salaries, $50,000 (of which $9,000 was...
Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,300. c. Issued shares of common stock in exchange for $10,000 in cash. d. Paid salaries, $50,000 (of which $9,000 was...
need help please with problems 4-9!!! please and thank you
Uldis Required: Prepare the adjusting journal entries that were recorded at December 31, 2021. The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Debits Credits Account Title 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year:...
I'm not sure what goes in the Retained Earnings under the
T-account. I'd tried crediting 32000 for the closing entry and it
is still wrong. Then I am also not sure what goes in the entry
under 2500 debit. The unadjusted trial balance for the salaries
payable I put in 0 and was wrong; same when I left it blank.
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits...
P 2–6 Accounting cycle LO2-2 @ through LO2-70 The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances: Account Title Debits Credits Cash 30,000 Accounts receivable 15,000 Equipment 20,000 Accumulated depreciation 6,000 Salaries payable 9,000 Common stock 40,500 Retained earnings 9,500 Total 65,000 65,000 The following is a summary of the transactions for the year: Page 101 a. Sales of services, $100,000, of which $30,000 was on credit. b. Collected on...
Please help!! Accounting Help!!
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on...
Can someone please help
Trump The general ledger of the Company, a consulting company, at January 1, 2000, contained the following account balances: Account Title Debits Credits 30,000 15,000 500 20,000 Cash Accounts receivable Allowance for uncollectible accounts Equipment Accumulated depreciation Salaries payable Capital stock Retained earnings Total 6,000 9,000 40,000 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Sales of services, $100,000, of which $30,000 was on credit. b. Collected on accounts...
Required: Prepare the adjusting journal entries that were recorded at December 31, 2021 The general ledger of the Karlin Company, a consulting company, at January 1.2021. contained the account balances: Account Title Debits Credits 30,000 15,000 20,000 Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9.500 65,000 65,000 The following is a su u sactions for the year: a. Service revenue, S u ch 50,000 was on account and the balance was...
Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense 30,000 31,000 0 50,000 0 2,000 60,000 28,500 4,000 146,000 0 70,000 18,900 11,000...
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