Homework Answers
Add Answer to:
QUESTION 38 The following information is available for Brendon Company before closing the accounts. What will...
Question 8 2 pts The following information is available for Zephyr Company before closing the accounts....
Question 8 2 pts The following information is available for Zephyr Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Retained earnings account? Net income $ 115,000 Retained earnings 110,000 Dividends 39,000 $115.000. $225.000 $264,000. $186,000 $956,000
Closing Entries After the accounts have been adjusted at November 30, the end of the fiscal...
Closing Entries
After the accounts have been adjusted at November 30, the end of
the fiscal year, the following balances were taken from the ledger
of Diamond Landscaping Co.:
Retained Earnings
$2,550,000
Dividends
25,000
Fees Earned
1,150,000
Wages Expense
613,750
Rent Expense
120,000
Supplies Expense
9,150
Miscellaneous Expense
11,000
Journalize the two entries required to close the accounts. If an
amount box does not require an entry, leave it blank.
Closing Entries After the accounts have been adjusted at November...
The following information is available for Zephyr Company before closing the accounts. After all of the closing en...
The following information is available for Zephyr Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Retained earnings account? Net income Retained earnings Dividends $124,200 118,000 45,000 Multiple Choice O $124,200. O $242.200 O $276,400 O $197,200 Ο $124,200. Ο $242,200. Ο $276,400. Ο $197,200, Ο $1,028,800,
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below....
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the Income Summary account? (Assume all accounts have normal balances.) Retained earnings $ 5,250 Dividends 7,350 Revenue 21,000 Rent expense 2,100 Salaries expense 5,000 Insurance expense 235 Depr. Expense-equipment 320 Accum depr.-equipment 960
33) Using the adjusted trial balance below write the four closing entries necessary to prepare accounts...
33) Using the adjusted trial balance below write the four closing entries necessary to prepare accounts for the beginning of the next accounting period. DODSON CONTAINERS Adjusted Trial Balance December 31 $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 880 1,400 2,200 Cash.... Accounts receivable.......... Prepaid insurance Office supplies ........... Office equipment Accumulated depreciation office equipment ... Buildings.. Accumulated depreciation—buildings.......... Land Wages Payable.............. Property taxes payable... Interest payable............. Unearned rent........... Long-term notes payable........... Common stock ........... •...
Closing Entries Wilson Consulting Company prepares the following Adjusted Trial Balance at the end of 2018....
Closing Entries Wilson Consulting Company prepares the following Adjusted Trial Balance at the end of 2018. Using the information from the adjusted trial balance, prepare the closing entries and submit it to this homework assignment. Wilson Consulting Company Adjusted Trial Balance 31-Dec-18 Account Name Debit Credit Cash 7500 Accounts Receivable 3500 Prepaid Building Rent 1300 Unexpired insurance 3500 Supplies 175 Equipment 8000 Accumulated Deprecation Equipment 3500 Noyes payable 4000 Salaries payable 1550 Income taxes payable 2750 Unearned service revenue...
33) Using the adjusted trial balance below. write the four closing entries nec accounts for the...
33) Using the adjusted trial balance below. write the four closing entries nec accounts for the beginning of the next accounting period. tries necessary to prepare the $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 DODSON CONTAINERS Adjusted Trial Balance December 31 Cash... Accounts receivable.. Prepaid insurance ...... Office supplies ............. Office equipment ...... Accumulated depreciation office equipment.. Buildings. Accumulated depreciation-buildings. Land ......... -Wages Payable....... ---Property taxes payable... Interest payable.... Unearned rent. -Long-term notes payable. Common stock...
The End of the Accounting Cycle – the closing process: The accounts and balances from the...
The End of the Accounting Cycle – the closing process: The accounts and balances from the adjusted trial balance for Sparrow and Nightingale, Inc. as of April 30, 2019 is given below. Assume all accounts have their normal debit or credit balance. Sparrow and Nightingale, Inc. use a monthly accounting period and all closing entries are made only at the end of each monthly accounting period. No closing entries have been made yet for April. Account: Amount: Account: Amount: Cash...
4. The End of the Accounting Cycle – the closing process (5pts): The accounts and balances...
4. The End of the Accounting Cycle – the closing process (5pts): The accounts and balances from the adjusted trial balance for Sparrow and Nightingale, Inc. as of April 30, 2019 is given below. Assume all accounts have their normal debit or credit balance. Sparrow and Nightingale, Inc. use a monthly accounting period and all closing entries are made only at the end of each monthly accounting period. No closing entries have been made yet for April. Account: Amount: Account:...
33) Using the adjusted trial balance below. write the four closing entries necessary to prepare the...
33) Using the adjusted trial balance below. write the four closing entries necessary to prepare the accounts for the beginning of the next accounting period. DODSON CONTAINERS Adjusted Trial Balance December 31 $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 Cash. Accounts receivable.................. Prepaid insurance ................ Office supplies................... Office equipment... Accumulated depreciation office equipment Buildings... wwwww Accumulated depreciation-buildings..... Land ........ Wages Payable........... Property taxes payable........ Interest payable... Unearned rent......... Long-term notes payable... Common stock Retained earnings ........
Question 8 2 pts The following information is available for Zephyr Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Retained earnings account? Net income $ 115,000 Retained earnings 110,000 Dividends 39,000 $115.000. $225.000 $264,000. $186,000 $956,000
Closing Entries
After the accounts have been adjusted at November 30, the end of
the fiscal year, the following balances were taken from the ledger
of Diamond Landscaping Co.:
Retained Earnings
$2,550,000
Dividends
25,000
Fees Earned
1,150,000
Wages Expense
613,750
Rent Expense
120,000
Supplies Expense
9,150
Miscellaneous Expense
11,000
Journalize the two entries required to close the accounts. If an
amount box does not require an entry, leave it blank.
Closing Entries After the accounts have been adjusted at November...
The following information is available for Zephyr Company before closing the accounts. After all of the closing entries are made, what will be the balance in the Retained earnings account? Net income Retained earnings Dividends $124,200 118,000 45,000 Multiple Choice O $124,200. O $242.200 O $276,400 O $197,200 Ο $124,200. Ο $242,200. Ο $276,400. Ο $197,200, Ο $1,028,800,
33) Using the adjusted trial balance below write the four closing entries necessary to prepare accounts for the beginning of the next accounting period. DODSON CONTAINERS Adjusted Trial Balance December 31 $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 880 1,400 2,200 Cash.... Accounts receivable.......... Prepaid insurance Office supplies ........... Office equipment Accumulated depreciation office equipment ... Buildings.. Accumulated depreciation—buildings.......... Land Wages Payable.............. Property taxes payable... Interest payable............. Unearned rent........... Long-term notes payable........... Common stock ........... •...
33) Using the adjusted trial balance below. write the four closing entries nec accounts for the beginning of the next accounting period. tries necessary to prepare the $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 DODSON CONTAINERS Adjusted Trial Balance December 31 Cash... Accounts receivable.. Prepaid insurance ...... Office supplies ............. Office equipment ...... Accumulated depreciation office equipment.. Buildings. Accumulated depreciation-buildings. Land ......... -Wages Payable....... ---Property taxes payable... Interest payable.... Unearned rent. -Long-term notes payable. Common stock...
33) Using the adjusted trial balance below. write the four closing entries necessary to prepare the accounts for the beginning of the next accounting period. DODSON CONTAINERS Adjusted Trial Balance December 31 $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 Cash. Accounts receivable.................. Prepaid insurance ................ Office supplies................... Office equipment... Accumulated depreciation office equipment Buildings... wwwww Accumulated depreciation-buildings..... Land ........ Wages Payable........... Property taxes payable........ Interest payable... Unearned rent......... Long-term notes payable... Common stock Retained earnings ........
Most questions answered within 3 hours.
-
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 57 seconds from now -
A student holds a ruler by one end (x=0 where the student holds
it). The student...
asked 54 seconds from now -
People are most likely to believe their ancestors play an active
role in their lives in...
asked 35 seconds from now -
A speeding car is traveling along a straight road with a
constant speed of 100 km/hour....
asked 17 minutes ago -
When 60.1 gg of calcium is reacted with nitrogen gas, 31.7 gg of
calcium nitride is...
asked 21 minutes ago -
The random variable X is exponentially distributed, where X
represents the time it takes for a...
asked 36 minutes ago -
a) Write a verilog module for 1:4 Demultiplexer using verilog
primitives.
b) Design 1-to-4 DEMUX using...
asked 31 minutes ago -
MATLAB
write a MATLAB function (1) output a third-order polynomial
function with the coefficients as the...
asked 44 minutes ago -
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 52 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 52 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 54 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 55 minutes ago