Homework Answers
Answer: Option c) 5,9 and 10.
5-Supplies Expense.
9-Earned Revenue.
10-Accrued Salary expense
Reason:Rest all items are Balancesheet Items.
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Assessment 2: The following items were drawn.. ats Skipped The following items were drawn from a...
Assessment 1: The following items were drawn... points Skipped The following items were drawn from a...
Assessment 1: The following items were drawn... points Skipped The following items were drawn from a company's accounting records: Book (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings Which of the items listed...
14 t 3 of 4 3 nts (1) Accounts receivable (2) Accounts payable (3) Cash paid...
14 t 3 of 4 3 nts (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings eBook Print eferences Which of the items listed above appear on the statement of cash flows?
3. of 4 (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4)...
3. of 4 (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings k k ces Which of the items listed above appear on the income statement?
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EX 4-1 Flow of accounts into financial statements The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a)...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...
Classifying Types of Adjustments Classify the following items as (a) accrued revenue, (b) accrued expense, (c)...
Classifying Types of Adjustments Classify the following items as (a) accrued revenue, (b) accrued expense, (c) unearned revenue, or (d) prepaid expense: 1. Bill for ads that appeared in prior month's local newspaper. 2. Fees received but not yet earned. 3. Fees earned but not yet received. 4. Premium paid on a one-year insurance policy. 5. Rent received in advance for rental of office space. 6. Supplies on hand. 7. Rent paid in advance. 8. Wages owed but payable in...
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On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: · The supplies account balance on March 31 is $5,225, the supplies on hand on March 31 are $1,275. • The unearned rent account balance on March 31 is $5,700 representing the receipt of an advance payment on March 1 of four months' rent from tenants. • Wages accrued but not paid at March 31 are $2,485. • Fees accrued...
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5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.)...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
Assessment 1: The following items were drawn... points Skipped The following items were drawn from a company's accounting records: Book (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings Which of the items listed...
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3. of 4 (1) Accounts receivable (2) Accounts payable (3) Cash paid to purchase land (4) Supplies (5) Supplies expense (6) Cash collected for service to be provided in the future (7) Unearned revenue (8) Prepaid rent (9) Earned Revenue (10) Accrued salaries expense (11) Common stock (12) Dividends (13) Cash paid for prepaid rent (14) Retained earnings k k ces Which of the items listed above appear on the income statement?
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...
Classifying Types of Adjustments Classify the following items as (a) accrued revenue, (b) accrued expense, (c) unearned revenue, or (d) prepaid expense: 1. Bill for ads that appeared in prior month's local newspaper. 2. Fees received but not yet earned. 3. Fees earned but not yet received. 4. Premium paid on a one-year insurance policy. 5. Rent received in advance for rental of office space. 6. Supplies on hand. 7. Rent paid in advance. 8. Wages owed but payable in...
On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: · The supplies account balance on March 31 is $5,225, the supplies on hand on March 31 are $1,275. • The unearned rent account balance on March 31 is $5,700 representing the receipt of an advance payment on March 1 of four months' rent from tenants. • Wages accrued but not paid at March 31 are $2,485. • Fees accrued...
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Print 6. The following data at July 31, 2018, are given for RCO: (Click the icon to view the data.) Read the requirements Requirement 1. Joumalize the adjusting entries needed on July 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) a. Depreciation. $600. Date Accounts and Explanation Debit Credit (a) Jul 31 (1) (2) b. Prepaid rent expires, $200. (Assume that RCO debits an asset account when rent is...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
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