Homework Answers
Balance of credit column in trial balance
| Account payable | 26000 |
| Common Stock | 21400 |
| Notes payable | 47000 |
| Total | 94400 |
So answer is d) $94400
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Broadway, Inc.'s trial balance was in balance at the end of the period and showed the...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018, The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expenso Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and...
The following is the adjusted trial balance of Marie, Inc., at December 31, 2018, the end...
The following is the adjusted trial balance of Marie, Inc., at December 31, 2018, the end of the current year. The retained earnings balance was $11,500 at January 1, 2018, the beginning of the current year. Marie, Inc. Adjusted Trial Balance December 31, 2018 Accounts Debit Credit Cash $83,600 Accounts Receivable 29,000 Prepaid Insurance 3,500 Office Supplies 3,200 Building 207,000 Accumulated Depreciation—Building $26,500 Land 47,000 Accounts Payable 25,000 Salaries Payable 5,000 Unearned Revenue 27,000 Mortgage Payable 103,000 Common Stock 16,000...
At year-end, a trial balance showed total credits exceeding total debits by $5,950. This difference could...
At year-end, a trial balance showed total credits exceeding total debits by $5,950. This difference could have been caused by: Multiple Choice An error in the general journal where a $5,950 increase in Accounts Receivable was recorded as an increase in Cash A net income of $5,950 The balance of $59,500 in Accounts Payable being entered in the trial balance as $5,950 The balance of $6700 in the Office Equipment account being entered on the trial balance as a debit...
Greenberry Inc.'s trial balance follows. E (Click the icon to view the trial balance.) Compute these...
Greenberry Inc.'s trial balance follows. E (Click the icon to view the trial balance.) Compute these amounts for Greenberry: 1. Total assets 2. Total liabilities 3. Net income or loss during November 4. Total shareholders' equity 1. Total assets 2. Total liabilities 3. Net income 4. Total shareholders' equity X Х i Data Table Account Title Debit Credit Cash $ 7,000 Accounts receivable 15,000 2,500 Supplies Equipment 26,000 Land 50,000 Accounts payable $ 15,000 28,000 Note payable Share capital Retained...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
Multiple Choice Question 141 Tamarisk, Inc.'s trial balance reported the following balances at the end of...
Multiple Choice Question 141 Tamarisk, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $14560 730 3640 2910 4370 5620 730 30160 18200 What amount did Tamarisk, Inc.'s trial balance show as total credits? $43060 $42330 $44520 $43790
ct Assignment i Saved The following is a December 31, 2021, post-closing trial balance for Culver...
ct Assignment i Saved The following is a December 31, 2021, post-closing trial balance for Culver City ! Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 57,0001 41,000 47,000 17,000 120,000 $ 36,000 42,000 13,000 3,000 120,000 72,000 80,000 $324,000 $324,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity...
plzz adjusted trial balance, income statement and balance sheet for question End of Chapter Problem 4.6...
plzz adjusted trial balance, income statement and balance sheet
for question
End of Chapter Problem 4.6 The trial balance of Chelsea Elliott, marketing services provider, at 30 June 2015 was as follows: Chelsea Elliott, Marketing Services Unadjusted trial balance as at 30 June 2015 Account Debit Credit Cash at bank 57,940 Accounts receivable 22,130 GST receivable 2,650 Prepaid rent 2,140 Prepaid insurance 2,780 Office supplies 4,100 Office equipment 12,440 Accumulated depreciation - office equipment $2,520 Accounts payable 2,860 Unearned fees...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial Balance Debit Credit 48,000 Debit Credit Credit Debit 48.000 18,000 6.000 57,000 18,000 6.00 57.000 18,000 18.000 Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Eamings Dividends 25,000 25,000 6,000 6,000 30,000 30,000 3.000 3,000 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income Loss) 15,000...
Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2020, year-end....
Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2020, year-end. Account Accounts payable Accounts receivable Accum. deprec., building Accum. deprec., machinery Allowance for doubtful accounts Building Cash Estimated warranty liabilities Income taxes payable Income tax expense Interest payable Balance1 Account $ 43,500 Interest receivable 37,800 Jake Brar, capital 364,000 Land 137,000 Machinery 2,900 Merchandise inventory 538,000 Notes payable? 20,100 Notes receivable, due 2021 12,100 Operating expenses 8,900 Prepaid rent 120,400 Revenue 710 Unearned revenue...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018, The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expenso Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and...
At year-end, a trial balance showed total credits exceeding total debits by $5,950. This difference could have been caused by: Multiple Choice An error in the general journal where a $5,950 increase in Accounts Receivable was recorded as an increase in Cash A net income of $5,950 The balance of $59,500 in Accounts Payable being entered in the trial balance as $5,950 The balance of $6700 in the Office Equipment account being entered on the trial balance as a debit...
Greenberry Inc.'s trial balance follows. E (Click the icon to view the trial balance.) Compute these amounts for Greenberry: 1. Total assets 2. Total liabilities 3. Net income or loss during November 4. Total shareholders' equity 1. Total assets 2. Total liabilities 3. Net income 4. Total shareholders' equity X Х i Data Table Account Title Debit Credit Cash $ 7,000 Accounts receivable 15,000 2,500 Supplies Equipment 26,000 Land 50,000 Accounts payable $ 15,000 28,000 Note payable Share capital Retained...
Current Attempt in Progress Metlock, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $12600 630 3150 2520 3780 6303 S ERIE NERE What amount did Metlock, Inc.'s trial balance show as total credits? O $37890 O $38520 O $36630 O $37260
Multiple Choice Question 141 Tamarisk, Inc.'s trial balance reported the following balances at the end of its first year: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $14560 730 3640 2910 4370 5620 730 30160 18200 What amount did Tamarisk, Inc.'s trial balance show as total credits? $43060 $42330 $44520 $43790
ct Assignment i Saved The following is a December 31, 2021, post-closing trial balance for Culver City ! Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 57,0001 41,000 47,000 17,000 120,000 $ 36,000 42,000 13,000 3,000 120,000 72,000 80,000 $324,000 $324,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity...
plzz adjusted trial balance, income statement and balance sheet
for question
End of Chapter Problem 4.6 The trial balance of Chelsea Elliott, marketing services provider, at 30 June 2015 was as follows: Chelsea Elliott, Marketing Services Unadjusted trial balance as at 30 June 2015 Account Debit Credit Cash at bank 57,940 Accounts receivable 22,130 GST receivable 2,650 Prepaid rent 2,140 Prepaid insurance 2,780 Office supplies 4,100 Office equipment 12,440 Accumulated depreciation - office equipment $2,520 Accounts payable 2,860 Unearned fees...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial Balance Debit Credit 48,000 Debit Credit Credit Debit 48.000 18,000 6.000 57,000 18,000 6.00 57.000 18,000 18.000 Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Eamings Dividends 25,000 25,000 6,000 6,000 30,000 30,000 3.000 3,000 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income Loss) 15,000...
Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2020, year-end. Account Accounts payable Accounts receivable Accum. deprec., building Accum. deprec., machinery Allowance for doubtful accounts Building Cash Estimated warranty liabilities Income taxes payable Income tax expense Interest payable Balance1 Account $ 43,500 Interest receivable 37,800 Jake Brar, capital 364,000 Land 137,000 Machinery 2,900 Merchandise inventory 538,000 Notes payable? 20,100 Notes receivable, due 2021 12,100 Operating expenses 8,900 Prepaid rent 120,400 Revenue 710 Unearned revenue...
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