Homework Answers
Answer:
| Trial balance | ||
| Particular | Debit ($) | Credit v($) |
| Account Rec | 14400 | - |
| Account payable | - | 9400 |
| Cash (Balancing Figure) | 12624 | - |
| Equipment | 59460 | - |
| Main and repair expense | 3358 | - |
| Insurance expense | 750 | - |
| Notes payable | - | 29450 |
| Prepaid insurance | 4200 | - |
| Service revenue | - | 16900 |
| Dividend | 850 | - |
| Common Stock | - | 40100 |
| Salaries and wages | 8428 | - |
| Salaries and wages Payable | - | 1020 |
| Retained Earning (opening) | - | 7200 |
| TOTAL | 104070 | 104070 |
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The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2020) $14,400 9,400 ? 59,460 2,958 800 29.450 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) $ 3,200 16,500 800 40,100 8,428 920 6,200 Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit...
The accounts in the ledger of Wildhorse Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Wildhorse Delivery Service contain the following balances on July 31, 2022 $14.400 9.400 $4,200 16,900 2 Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) 59460 3,358 750 29.450 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings Uuly 1, 2022) 850 40.100 8,428 1,020 7.200 Question 6 of 7 0.5/2. Prepare an income statement for the month of...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense $14,800 9,800 ? 59,470 3,358 700 30 450 $ 3,500 16,900 900 40,110 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) 9,428 950 6,500 Notes Payable (due 2020) Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,900
Prepaid Insurance
$ 3,500
Accounts Payable
9,900
Service Revenue
17,400
Cash
?
Dividends
860
Equipment
59,560
Common Stock
40,200
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
740
Salaries and Wages Payable
940
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
6,500
Prepare a trial balance.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable $14,900 9,900 Prepaid Insurance Service Revenue Dividends Common Stock $ 3,500 17,400 860 40,200 Cash Equipment Maintenance and Repairs Expense Insurance Expense 59,560 3,858 Salaries and Wages Expense 8,628 740 940 Salaries and Wages Payable Retained Earnings (July 1, 2017) Notes Payable (due 2020) 29,650 6,500 Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
he accounts in the ledger of Wildhorse Delivery Service contain the following balances on July 31,...
he accounts in the ledger of Wildhorse Delivery Service contain
the following balances on July 31, 2022.
Accounts Receivable
$14,800
Prepaid Insurance
$ 3,500
Accounts Payable
9,800
Service Revenue
17,200
Cash
?
Dividends
820
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,658
Salaries and Wages Expense
9,128
Insurance Expense
780
Salaries and Wages Payable
990
Notes Payable (due 2025)
30,150
Retained Earnings (July 1, 2022)
6,500
Prepare a trial balance.
WILDHORSE DELIVERY SERVIC
The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Dependable Delivery Service
contain the following balances on July 31, 2017.
Accounts Receivable
$11,400
Prepaid Insurance
$1,800
Accounts Payable
7,400
Maintenance and Repairs Expense
1,200
Cash
15,940
Service Revenue
15,500
Equipment
59,360
Dividends
800
Gasoline Expense
950
Common Stock
40,000
Insurance Expense
600
Salaries and Wages Expense
8,400
Notes Payable, due 2020
31,450
Salaries and Wages Payable
900
Retained Earnings (July 1, 2017)
5,200
(a)
Prepare an income statement for July 2017.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2020) $14,400 9,400 ? 59,460 2,958 800 29.450 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) $ 3,200 16,500 800 40,100 8,428 920 6,200 Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit...
The accounts in the ledger of Wildhorse Delivery Service contain the following balances on July 31, 2022 $14.400 9.400 $4,200 16,900 2 Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) 59460 3,358 750 29.450 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings Uuly 1, 2022) 850 40.100 8,428 1,020 7.200 Question 6 of 7 0.5/2. Prepare an income statement for the month of...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense $14,800 9,800 ? 59,470 3,358 700 30 450 $ 3,500 16,900 900 40,110 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2017) 9,428 950 6,500 Notes Payable (due 2020) Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,900
Prepaid Insurance
$ 3,500
Accounts Payable
9,900
Service Revenue
17,400
Cash
?
Dividends
860
Equipment
59,560
Common Stock
40,200
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
740
Salaries and Wages Payable
940
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
6,500
Prepare a trial balance.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Accounts Receivable Accounts Payable $14,900 9,900 Prepaid Insurance Service Revenue Dividends Common Stock $ 3,500 17,400 860 40,200 Cash Equipment Maintenance and Repairs Expense Insurance Expense 59,560 3,858 Salaries and Wages Expense 8,628 740 940 Salaries and Wages Payable Retained Earnings (July 1, 2017) Notes Payable (due 2020) 29,650 6,500 Prepare a trial balance. RAPID DELIVERY SERVICE Trial Balance Debit Credit...
he accounts in the ledger of Wildhorse Delivery Service contain
the following balances on July 31, 2022.
Accounts Receivable
$14,800
Prepaid Insurance
$ 3,500
Accounts Payable
9,800
Service Revenue
17,200
Cash
?
Dividends
820
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,658
Salaries and Wages Expense
9,128
Insurance Expense
780
Salaries and Wages Payable
990
Notes Payable (due 2025)
30,150
Retained Earnings (July 1, 2022)
6,500
Prepare a trial balance.
WILDHORSE DELIVERY SERVIC
The accounts in the ledger of Dependable Delivery Service
contain the following balances on July 31, 2017.
Accounts Receivable
$11,400
Prepaid Insurance
$1,800
Accounts Payable
7,400
Maintenance and Repairs Expense
1,200
Cash
15,940
Service Revenue
15,500
Equipment
59,360
Dividends
800
Gasoline Expense
950
Common Stock
40,000
Insurance Expense
600
Salaries and Wages Expense
8,400
Notes Payable, due 2020
31,450
Salaries and Wages Payable
900
Retained Earnings (July 1, 2017)
5,200
(a)
Prepare an income statement for July 2017.
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