Homework Answers
| Q14) | |
| Revenue | $ 8,814.00 |
| Less: | |
| Supplies exp. | $ 2,700.00 |
| Rent exp. | $ 2,700.00 |
| Salary exp. | $ 1,176.00 |
| Net income | $ 2,238.00 |
| Q15) | |
| Cash | $ 3,145.00 |
| Accounts Receivables | $ 1,666.00 |
| Supplies | $ 1,800.00 |
| Total assets | $ 6,611.00 |
| Q16) | |
| Accounts Payable | 4070 |
| Total Liabilities | 4070 |
| Q17) | |
| Revenue | $ 10,700.00 |
| Less: | |
| Supplies exp. | $ 2,400.00 |
| Rent exp. | $ 1,200.00 |
| Salary exp. | $ 1,176.00 |
| Net income | $ 5,924.00 |
| Beg. Retained Earnings | $ 1,372.00 |
| Add: net income | $ 5,924.00 |
| less: dividend | 315 |
| Ending Retained Earnings | $ 6,981.00 |
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Thurs 1/31 (ONE ATTEMPTED ONLY) 14 Question #14 CDM Companyhas the following account balances Cash Accounts...
Fever Corporation has the following account balances. Cash $7,071 Common Stock $1,200 Accounts Receivable $2,352 Rent...
Fever Corporation has the following account balances. Cash $7,071 Common Stock $1,200 Accounts Receivable $2,352 Rent Expense $1,200 Accounts Payable $2,200 Dividends $1,145 Supplies $1,800 Retained Earnings $2,744 Revenue $11,100 Salary Expense $1,176 Supplies Expense $2,500 How much is owed to this company by its customers? a. $2,744 b. $2,352 c. $1,145 d. $2,200 e. $9,023
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Question #1 ts Which of the following is an asset? npts Rent Expense Common Stock Accounts Payable Cash mpts empts tempts Submit Question 0 of 1 Attempts Used! ttempts Attempts Attempts 1 Attempts 1 Attempts 1 Attempts MacBook Ai Question #2 Which of the following represents earnings taken out by the owners? Supplies Expense Notes Payable Dividends Equipment Submit Question 0 of 1 Attempts Used! Question #3 Which of the following represents an amount owed by the company? Revenue Accounts...
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hurs 1/31 (ONE ATTEMPTED ONLY) Question #6 Which of the following is something of value owned by the company? Supplies Expense Revenue Accounts Payable Cash Submit Question 0 of 1 Attempts Used! Student Center | AccountingPass İsmail İbrahim urs 1/31 (ONE ATTEMPTED ONLY) Question #7 Cally Company makes a payment of $500 on its accounts payable. How does this effect the accounting equation? Assets increase and Equity Decreases Assets increase,and Liabilities increase Assets decrease and Liabilities increase Assets decrease and...
Part 3 - Problems 1. The account balances for Dave's Golf Shop as of December 31,...
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Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
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The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated depreciation-Buildings Accounts Payable Common Stock Retained Earnings Dividends Accounts Balances $16,000 15,000 4,000 8,000 300,000 120,000 19,000 90,000 105,000 15,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Balances $105,000 8,000 27,000 6,000 35,000 9,000 12,000 Prepare the end of the period closing entries for the Fitness...
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $...
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11:51 Question #1 Shoreside Inc. had the following transactions. Indicate how much the accounts are increased...
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Student Center |AccountingPass Question #3 ents Sote Company has the following account balances for the year...
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Question #1 ts Which of the following is an asset? npts Rent Expense Common Stock Accounts Payable Cash mpts empts tempts Submit Question 0 of 1 Attempts Used! ttempts Attempts Attempts 1 Attempts 1 Attempts 1 Attempts MacBook Ai Question #2 Which of the following represents earnings taken out by the owners? Supplies Expense Notes Payable Dividends Equipment Submit Question 0 of 1 Attempts Used! Question #3 Which of the following represents an amount owed by the company? Revenue Accounts...
hurs 1/31 (ONE ATTEMPTED ONLY) Question #6 Which of the following is something of value owned by the company? Supplies Expense Revenue Accounts Payable Cash Submit Question 0 of 1 Attempts Used! Student Center | AccountingPass İsmail İbrahim urs 1/31 (ONE ATTEMPTED ONLY) Question #7 Cally Company makes a payment of $500 on its accounts payable. How does this effect the accounting equation? Assets increase and Equity Decreases Assets increase,and Liabilities increase Assets decrease and Liabilities increase Assets decrease and...
Part 3 - Problems 1. The account balances for Dave's Golf Shop as of December 31, 2019 were as follows: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Insurance Expense Interest Expense Note Payable (Due 6/30/21) Rent Expense Retained Earnings 1/1/2019 Revenue Salary Expense Salary Payable Supplies Supplies Expense Utilities Expense 4,800 12,600 27,800 19,200 8,200 1,200 11,000 8,000 6,500 15,400 0 53,000 2,500 14,200 5,000 4,000 2,000 equired: (a)Prepare an Income Statement, Statement of etained Earnings and Balance...
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Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
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