Please give the answer and explain the reason!!!!
Homework Answers
Correct answer----------(C) Debit salaries expense, credit Salaries payable.
.
Adjusting entries are done at the end of the period to record expenses that are accrues but not paid or revenues that are earned but not recorded.
Recording of salaries expense with salaries payable liability means that some salary was accrued by not yet paid to the employees.
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Please give the answer and explain the
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8. Which of the following is a possible...
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....
This is a lot, but I am seriously lost. Any help would be much appreciated. The...
This is a lot, but I am seriously lost. Any help would be much
appreciated.
The trial balance of Nina's Novelty, Inc., at September 30,
2018, and the data needed for the month-end adjustments
follow:
Data Table Credit Trial Balance September 30, 2018 Account Cash $ Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Debit 18,800 31,100 3,100 2,000 72,400 $ 34,100 3,500 Unearned service revenue Common stock Retained earnings 3,200 55,000 23,400 Dividends 4,500...
A company had the following adjusted trial balance
A company had the following adjusted trial balance on December 31, 2012:Cash$5,000Accounts Receivable5,500Supplies1,800Prepaid Rent36,000Land7,000Accounts Payable$1,000Unearned Service Revenue3,500Common Stock44,000Retained Earnings10,500Dividends3,300Service Revenue156,250Salaries Expense152,000Rent Expense900Utilities Expense1,650Supplies Expense2,100$215,250$215,250 The closing entry to close the Income Summary would include which entry to Retained Earnings?Group of answer choicescredit of $400debit of $400credit of $3,700debit of $3,700debit of $2,900
13 43 ***Question #6*** • GoBuffs has the following adjusted trial balance: Cash 11 Accounts Payable...
13 43 ***Question #6*** • GoBuffs has the following adjusted trial balance: Cash 11 Accounts Payable 76 Inventory 18 Unearned Revenue Land 650 Common Stock 64 Dividends 8 Retained Earnings 128 Rent Expense 13 Service Revenue 338 Supplies Expense 11 Salaries Payable 62 Total Debit Balance 711 Total Credit Balance 711 Which closing entry is needed? A debit service revenue 338, credit retained earnings 338. B debit rent expense 13, credit retained earnings 13. С credit retained earnings 11, debit...
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...
8. The following transactions occurred during the month for Teresa Parker, CPA: (Click the icon to...
8. The following transactions occurred during the month for Teresa Parker, CPA: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize the transactions and then post the joumal entries to the four-column accounts. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the joumal. (Record debits first, the credits. Exclude explanations from journal entries.) Begin by journalizing the transactions. June 1: Parker opened an accounting firm by contributing...
Required information [The following information applies to the questions displayed below.] The general led ger of...
Required information [The following information applies to the questions displayed below.] The general led ger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits Accounts $ 4,100 Cash Accounts 9,100 Receivable Supplies Equipment Accumulated 3,100 28,000 $ 6,400 Depreciation Accounts Payable Utilities 4,400 5,400 Payable Deferred Revenue 0 Common Stock Retained 19,000 9,100 Earnings $44,300 $44,300 Totals The following is a summary of the transactions for the year: 24 Provide plumbing services for cash, $16,000,...
Questions: (please explain and show how answers are found) (These last 3 pictures are the same...
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...
Print 6. Houston Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the...
Print 6. Houston Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet) Read the requirements Requirement 1. Complete the worksheet for Houston Veterinary Hospital. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Houston Veterinary Hospital Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit...
pleaae answer all parts, i garentee i will thumb up! I PROVA Page 3 of 5...
pleaae answer all parts, i garentee i will thumb up!
I PROVA Page 3 of 5 20. ash and issuing a A $20,000 machine is purchased by paying 55,000 cash Promissory note for the remainder The Journal entry would include a: credit to Notes Receivable b. credit to Machinery. e. credit to Notes Payable. Cobit to Cash. Which of the following is not a valid adjusting entry? a. Debit interest expense, credit interest payable. b. Debit supplies expense, credit supplies...
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....
This is a lot, but I am seriously lost. Any help would be much
appreciated.
The trial balance of Nina's Novelty, Inc., at September 30,
2018, and the data needed for the month-end adjustments
follow:
Data Table Credit Trial Balance September 30, 2018 Account Cash $ Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Debit 18,800 31,100 3,100 2,000 72,400 $ 34,100 3,500 Unearned service revenue Common stock Retained earnings 3,200 55,000 23,400 Dividends 4,500...
13 43 ***Question #6*** • GoBuffs has the following adjusted trial balance: Cash 11 Accounts Payable 76 Inventory 18 Unearned Revenue Land 650 Common Stock 64 Dividends 8 Retained Earnings 128 Rent Expense 13 Service Revenue 338 Supplies Expense 11 Salaries Payable 62 Total Debit Balance 711 Total Credit Balance 711 Which closing entry is needed? A debit service revenue 338, credit retained earnings 338. B debit rent expense 13, credit retained earnings 13. С credit retained earnings 11, debit...
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...
8. The following transactions occurred during the month for Teresa Parker, CPA: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize the transactions and then post the joumal entries to the four-column accounts. Keep a running balance in each account. Assume the journal entries are recorded on page 10 of the joumal. (Record debits first, the credits. Exclude explanations from journal entries.) Begin by journalizing the transactions. June 1: Parker opened an accounting firm by contributing...
Required information [The following information applies to the questions displayed below.] The general led ger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits Accounts $ 4,100 Cash Accounts 9,100 Receivable Supplies Equipment Accumulated 3,100 28,000 $ 6,400 Depreciation Accounts Payable Utilities 4,400 5,400 Payable Deferred Revenue 0 Common Stock Retained 19,000 9,100 Earnings $44,300 $44,300 Totals The following is a summary of the transactions for the year: 24 Provide plumbing services for cash, $16,000,...
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...
Print 6. Houston Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet) Read the requirements Requirement 1. Complete the worksheet for Houston Veterinary Hospital. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Houston Veterinary Hospital Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit...
pleaae answer all parts, i garentee i will thumb up!
I PROVA Page 3 of 5 20. ash and issuing a A $20,000 machine is purchased by paying 55,000 cash Promissory note for the remainder The Journal entry would include a: credit to Notes Receivable b. credit to Machinery. e. credit to Notes Payable. Cobit to Cash. Which of the following is not a valid adjusting entry? a. Debit interest expense, credit interest payable. b. Debit supplies expense, credit supplies...
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