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WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended...
2. The following is selected financial information for Cargo company for 2012 and 2013: (10) Retained...
2. The following is selected financial information for Cargo company for 2012 and 2013: (10) Retained earnings, January 1 8 83.000 2013 Det income... January 1 Dividends declared and paid Common stock $53,000 37,000 42,000 15,000 18.000 70,000 Issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2013. WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company...
166. The adjusted trial balance for Yondel Company at December 31, 2012 is presented below: bong...
166. The adjusted trial balance for Yondel Company at December 31, 2012 is presented below: bong at motto non 70 sleding- Debit Credit Cash $ 8.000 Prepaid Rent bo r e 18.000 Land 02415,000 Accounts Payable 00027 $ 10,000 Salaries Payable 14.000 Common Stock 250.000 Retained Earnings 64.000 Dividends 10.000 Service Revenue 350.000 Salaries Expense 190.000 Rent Expense 21.000 Utilities Expense 26.000 Totals $688.000 $688.000 Prepare the closing entries for Yondel Company for the year ended December 31, 2012
Instructions: Prepare the closing entries for the temporary accounts at August 31. RYAN COMPANY Trial Balance...
Instructions: Prepare the closing entries for
the temporary accounts at August 31.
RYAN COMPANY Trial Balance August 31, 2017 After Adjustment Cr. Dr. Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. $10,900 8,800 2,500 4,000 16,000 $ 3,600 5,800 0 1,800 10,000 5,500 2,800...
4. Below are the account balances for Huffman Corporation at the end of December. Use only...
4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. (10) Accounts Balances Cash $ 5,200 Salaries expense 2,300 Retained earnings 2,500 Advertising expense 1,200 Equipment 12,400 Service revenue 9,400 Common stock 8,000 Accounts payable 2,200 5. On May 1, 2019, a company lends $100,000 to one of its main suppliers and accepts a 12- month, 6% note. Record the acceptance of the note on May...
WCC Financial Accounting Mid-Term FM: NO (10) 1. Prepare a classified balance sheet for MARK Corporation...
WCC Financial Accounting Mid-Term FM: NO (10) 1. Prepare a classified balance sheet for MARK Corporation at December 31, 2019. Credits Debits 22.500 55.000 22.500 4.500 100.000 45.000 277.500 Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals 80.000 37,500 65.000 10.000 120.000 150,000 64.500 $527,000 $527,000
160. Below are the account balances for Huffman Corporation at the end of December. Use only...
160. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. Accounts Cash Salaries expense Retained earnings Advertising expense Equipment Service revenue Common stock Accounts payable Balances $ 5,200 2,300 2,500 1,200 12,400 9,400 8,000 2,200 the beginning of the year (January 1), Maurice and Sons bas SI2.000 ore 161. At the beginning of the year (January 1), Maurice and Sons has $12,000 of common stock outstanding...
O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries...
O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries 3. Prepare a post-closing trial balance Print Done VOIKSILLE December 31, 2018 Unadjusted Trial Balance Adjustments income Statement Debit Credit Balan Debit Account Names Debit Credit Debit Credit Cash (1) S 500 33,500 9.700 1,300 9.000 29.000 (b) $ (a) 125 700 Adjusted Trial Balance Debit Credit 33,500 10.300 1,175 8,300 29.000 1.700 3.500 (C) 1700 3.500 330 330 (e) 1175 700 Accounts Receivable...
given the following account information prepare a balance sheet in report form for the company as...
given the following account information prepare a balance
sheet in report form for the company as of December 31, 2018. all
accounts have normal balances
1 what is net income?
2 what is ending retained earnings?
3 create a classified balance sheet
V PrB-Given the following count information Given the following account information for Manhattan Corporation, prepare a balance sheet in report form for the company as of December 31, 2018. All accounts have normal balances 1. What is net...
Return to question Exercise 3-18B Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7)...
Return to question Exercise 3-18B Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) A company's fiscal year-end is December 31, Year 1. The following is an adjusted trial balance as of December 31. Credit Debit $ 10,300 30,500 21,500 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 1,300 13,000 31,500 7,300 2,300 55,700 18,300 11,300 8,300 6,300 $100,800 $...
Exercise 3-18A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker incorporated's fiscal...
Exercise 3-18A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Credit Debit $ 12,000 39,000 30,000 $ Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals 3,000 30,000 40,000 9,000 4,000 54,000 20,000 13,000 10,000 8.000 $136,000 $136,000 Required: 1. Prepare the...
2. The following is selected financial information for Cargo company for 2012 and 2013: (10) Retained earnings, January 1 8 83.000 2013 Det income... January 1 Dividends declared and paid Common stock $53,000 37,000 42,000 15,000 18.000 70,000 Issued 2,000 shares of additional capital stock in 2013 for $20,000. There were no other capital transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2013. WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company...
166. The adjusted trial balance for Yondel Company at December 31, 2012 is presented below: bong at motto non 70 sleding- Debit Credit Cash $ 8.000 Prepaid Rent bo r e 18.000 Land 02415,000 Accounts Payable 00027 $ 10,000 Salaries Payable 14.000 Common Stock 250.000 Retained Earnings 64.000 Dividends 10.000 Service Revenue 350.000 Salaries Expense 190.000 Rent Expense 21.000 Utilities Expense 26.000 Totals $688.000 $688.000 Prepare the closing entries for Yondel Company for the year ended December 31, 2012
Instructions: Prepare the closing entries for
the temporary accounts at August 31.
RYAN COMPANY Trial Balance August 31, 2017 After Adjustment Cr. Dr. Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. $10,900 8,800 2,500 4,000 16,000 $ 3,600 5,800 0 1,800 10,000 5,500 2,800...
4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. (10) Accounts Balances Cash $ 5,200 Salaries expense 2,300 Retained earnings 2,500 Advertising expense 1,200 Equipment 12,400 Service revenue 9,400 Common stock 8,000 Accounts payable 2,200 5. On May 1, 2019, a company lends $100,000 to one of its main suppliers and accepts a 12- month, 6% note. Record the acceptance of the note on May...
WCC Financial Accounting Mid-Term FM: NO (10) 1. Prepare a classified balance sheet for MARK Corporation at December 31, 2019. Credits Debits 22.500 55.000 22.500 4.500 100.000 45.000 277.500 Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals 80.000 37,500 65.000 10.000 120.000 150,000 64.500 $527,000 $527,000
160. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts to prepare an income statement. Accounts Cash Salaries expense Retained earnings Advertising expense Equipment Service revenue Common stock Accounts payable Balances $ 5,200 2,300 2,500 1,200 12,400 9,400 8,000 2,200 the beginning of the year (January 1), Maurice and Sons bas SI2.000 ore 161. At the beginning of the year (January 1), Maurice and Sons has $12,000 of common stock outstanding...
O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries 3. Prepare a post-closing trial balance Print Done VOIKSILLE December 31, 2018 Unadjusted Trial Balance Adjustments income Statement Debit Credit Balan Debit Account Names Debit Credit Debit Credit Cash (1) S 500 33,500 9.700 1,300 9.000 29.000 (b) $ (a) 125 700 Adjusted Trial Balance Debit Credit 33,500 10.300 1,175 8,300 29.000 1.700 3.500 (C) 1700 3.500 330 330 (e) 1175 700 Accounts Receivable...
given the following account information prepare a balance
sheet in report form for the company as of December 31, 2018. all
accounts have normal balances
1 what is net income?
2 what is ending retained earnings?
3 create a classified balance sheet
V PrB-Given the following count information Given the following account information for Manhattan Corporation, prepare a balance sheet in report form for the company as of December 31, 2018. All accounts have normal balances 1. What is net...
Return to question Exercise 3-18B Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) A company's fiscal year-end is December 31, Year 1. The following is an adjusted trial balance as of December 31. Credit Debit $ 10,300 30,500 21,500 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 1,300 13,000 31,500 7,300 2,300 55,700 18,300 11,300 8,300 6,300 $100,800 $...
Exercise 3-18A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Credit Debit $ 12,000 39,000 30,000 $ Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals 3,000 30,000 40,000 9,000 4,000 54,000 20,000 13,000 10,000 8.000 $136,000 $136,000 Required: 1. Prepare the...
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