Homework Answers
Calculate ending Cash
| Beginning Cash | 45030 |
| Cash received | 11400 |
| received deposit | 3200 |
| Cash payment | -5170 |
| Expense paid | -42500 |
| Ending cash | 11960 |
So answer is c) $11960
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The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising...
a) $49,913 b) $45,030 c) $11,960 d) $51,260 The following account balances are taken from the...
a) $49,913
b) $45,030
c) $11,960
d) $51,260
The following account balances are taken from the December 31, 2019, financial statements of Tiernan Advertising Co. The company uses accrual basis accounting Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 50,596 45,630 7,697 2,378 5,170 40,983 1,280 19,732 2,530 The following activities occurred in 2020 1. Performed advertising services on account. $59,850 2. Received cash payments on account, $11.400 3. Received...
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising...
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 54,148 48,192 8,036 2,447 5,320 43,860 1,370 21, 118 2,707 The following activities occurred in 2019: 1. Performed advertising services on account, $64,050. 2. Received cash payments on account, $12,300. 3. Received deposits from customers for advertising services to...
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising...
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 55, 332 49,245 8,149 2,470 5,370 44,819 1,400 21,579 2,767 The following activities occurred in 2019: 1. Performed advertising services on account, $65,450. 2. Received cash payments on account, $12,600. 3. Received deposits from customers for advertising services to...
The following account balances are taken from the December 31, 2019, financial statements of Tye Advertising...
The following account balances are taken from the December 31, 2019, financial statements of Tye Advertising Co. The company uses accrual basis accounting. Advertising Revenue $ 46, 482 Cash 41,516 Accounts Receivable 7,296 Interest Expense 2,299 Accounts Payable 5,000 Operating Expenses 37,460 Deferred Revenue 1,178 Equipment 18,048 Income Tax Expense 2,326 The following activities occurred in 2020: 1. Performed advertising services on account, $55,000. 2. Received cash payments on account, $10,400. 3. Received deposits from customers for advertising services to...
[The following information applies to the questions displayed below.) The following account balances are taken from...
[The following information applies to the questions displayed below.) The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising revenue Cash Accounts receivable Interest expense Accounts payable Operating expenses Unearned revenue Equipment Income tax expense $ 57700 51,353 8,375 2,516 5,470 46,737 1,460 22,503 2.885 The following activities occurred in 2016: 1. Performed advertising services on account, $68,250, 2. Received cash payments on account, $13,200. 3....
Required Informatlon IThe following information applies to the questions displayed below] The following account balances are...
Required Informatlon IThe following information applies to the questions displayed below] The following account balances are taken from the December 31, 2015, financlal statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising revenue Cash Accounts recevable Interest expense Accounts payable Operating expenses Unearned revenue Equipment Income tax expense $57,700 51,353 8,375 2,516 5.470 46.737 1,460 22,503 2,885 The following activities occurred in 2016: 1. Performed advertising services on account, $68,250. 2. Recelved cash payments on account, $13,.200....
Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax...
Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 52,964 47,138 7,923 2,424 5,270 42,901 1,340 20,656 2,648 The following activities occurred in 2019: 1. Performed advertising services on account, $62,650, 2. Received cash payments on account, $12,000. 3. Received deposits from customers for advertising services to be performed in 2020, $3,600. 4. Made payments to suppliers on account, $5,270. 5. Incurred $51,300 of operating expenses: $44,500 was paid in cash...
Quiz 3 Saved Required information (The following information applies to the questions displayed below.] The following...
Quiz 3 Saved Required information (The following information applies to the questions displayed below.] The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting Advertising $ 49,412 revenue Cash 43,977 Accounts receivable 7,584 Interest expense 2.355 Accounts payable 5,120 Operating 40,024 expenses Unearned revenue 1.250 Equipment 19.271 Income tax 2,471 expense The following activities occurred in 2016: 1. Performed advertising services on account, $58,450. 2.Received cash payments...
The following account balances were taken from DJR Company’s accounting records at December 31, 2021: Accounts...
The following account balances were taken from DJR Company’s
accounting records at December 31, 2021:
Accounts Payable ............ $69,000
Accounts Receivable ......... $56,000
Advertising Expense ......... $33,000
Building .................... $94,000
Cash ........................ $31,000
Common Stock ................ $82,000
Cost of Goods Sold .......... $30,000
Dividends ................... $19,000
Equipment ................... $86,000
Income Tax Expense .......... $17,000
Interest Expense ............ $11,000
Inventory ................... $54,000
Notes Payable ............... $96,000
Rental Revenue .............. $62,000
Retained Earnings ........... $60,000 (at January 1, 2021)
Salaries Expense ...............
The following account balances were taken from DJR Company’s accounting records at December 31, 2021: Accounts...
The following account balances were taken from DJR Company’s
accounting records at December 31, 2021:
Accounts Payable ............ $69,000
Accounts Receivable ......... $56,000
Advertising Expense ......... $33,000
Building .................... $94,000
Cash ........................ $31,000
Common Stock ................ $82,000
Cost of Goods Sold .......... $30,000
Dividends ................... $19,000
Equipment ................... $86,000
Income Tax Expense .......... $17,000
Interest Expense ............ $11,000
Inventory ................... $54,000
Notes Payable ............... $96,000
Rental Revenue .............. $62,000
Retained Earnings ........... $60,000 (at January 1, 2021)
Salaries Expense ...............
a) $49,913
b) $45,030
c) $11,960
d) $51,260
The following account balances are taken from the December 31, 2019, financial statements of Tiernan Advertising Co. The company uses accrual basis accounting Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 50,596 45,630 7,697 2,378 5,170 40,983 1,280 19,732 2,530 The following activities occurred in 2020 1. Performed advertising services on account. $59,850 2. Received cash payments on account, $11.400 3. Received...
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 54,148 48,192 8,036 2,447 5,320 43,860 1,370 21, 118 2,707 The following activities occurred in 2019: 1. Performed advertising services on account, $64,050. 2. Received cash payments on account, $12,300. 3. Received deposits from customers for advertising services to...
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 55, 332 49,245 8,149 2,470 5,370 44,819 1,400 21,579 2,767 The following activities occurred in 2019: 1. Performed advertising services on account, $65,450. 2. Received cash payments on account, $12,600. 3. Received deposits from customers for advertising services to...
The following account balances are taken from the December 31, 2019, financial statements of Tye Advertising Co. The company uses accrual basis accounting. Advertising Revenue $ 46, 482 Cash 41,516 Accounts Receivable 7,296 Interest Expense 2,299 Accounts Payable 5,000 Operating Expenses 37,460 Deferred Revenue 1,178 Equipment 18,048 Income Tax Expense 2,326 The following activities occurred in 2020: 1. Performed advertising services on account, $55,000. 2. Received cash payments on account, $10,400. 3. Received deposits from customers for advertising services to...
[The following information applies to the questions displayed below.) The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising revenue Cash Accounts receivable Interest expense Accounts payable Operating expenses Unearned revenue Equipment Income tax expense $ 57700 51,353 8,375 2,516 5,470 46,737 1,460 22,503 2.885 The following activities occurred in 2016: 1. Performed advertising services on account, $68,250, 2. Received cash payments on account, $13,200. 3....
Required Informatlon IThe following information applies to the questions displayed below] The following account balances are taken from the December 31, 2015, financlal statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising revenue Cash Accounts recevable Interest expense Accounts payable Operating expenses Unearned revenue Equipment Income tax expense $57,700 51,353 8,375 2,516 5.470 46.737 1,460 22,503 2,885 The following activities occurred in 2016: 1. Performed advertising services on account, $68,250. 2. Recelved cash payments on account, $13,.200....
Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 52,964 47,138 7,923 2,424 5,270 42,901 1,340 20,656 2,648 The following activities occurred in 2019: 1. Performed advertising services on account, $62,650, 2. Received cash payments on account, $12,000. 3. Received deposits from customers for advertising services to be performed in 2020, $3,600. 4. Made payments to suppliers on account, $5,270. 5. Incurred $51,300 of operating expenses: $44,500 was paid in cash...
Quiz 3 Saved Required information (The following information applies to the questions displayed below.] The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting Advertising $ 49,412 revenue Cash 43,977 Accounts receivable 7,584 Interest expense 2.355 Accounts payable 5,120 Operating 40,024 expenses Unearned revenue 1.250 Equipment 19.271 Income tax 2,471 expense The following activities occurred in 2016: 1. Performed advertising services on account, $58,450. 2.Received cash payments...
The following account balances were taken from DJR Company’s
accounting records at December 31, 2021:
Accounts Payable ............ $69,000
Accounts Receivable ......... $56,000
Advertising Expense ......... $33,000
Building .................... $94,000
Cash ........................ $31,000
Common Stock ................ $82,000
Cost of Goods Sold .......... $30,000
Dividends ................... $19,000
Equipment ................... $86,000
Income Tax Expense .......... $17,000
Interest Expense ............ $11,000
Inventory ................... $54,000
Notes Payable ............... $96,000
Rental Revenue .............. $62,000
Retained Earnings ........... $60,000 (at January 1, 2021)
Salaries Expense ...............
The following account balances were taken from DJR Company’s
accounting records at December 31, 2021:
Accounts Payable ............ $69,000
Accounts Receivable ......... $56,000
Advertising Expense ......... $33,000
Building .................... $94,000
Cash ........................ $31,000
Common Stock ................ $82,000
Cost of Goods Sold .......... $30,000
Dividends ................... $19,000
Equipment ................... $86,000
Income Tax Expense .......... $17,000
Interest Expense ............ $11,000
Inventory ................... $54,000
Notes Payable ............... $96,000
Rental Revenue .............. $62,000
Retained Earnings ........... $60,000 (at January 1, 2021)
Salaries Expense ...............
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