Indicate the nature of each account. Type Of Account 1. Supplies select a type of account...
Indicate the nature of each account.
| Type Of Account | ||||
|---|---|---|---|---|
| 1. |
Supplies |
select a type of account
|
||
| 2. |
Notes Payable |
select a type of account
|
||
| 3. |
Service Revenue |
select a type of account
|
||
| 4. |
Dividends |
select a type of account
|
||
| 5. |
Accounts Payable |
select a type of account
|
||
| 6. |
Salaries and Wages Expense |
select a type of account
|
||
| 7. |
Common Stock |
select a type of account
|
||
| 8. |
Accounts Receivable |
select a type of account
|
||
| 9. |
Equipment |
select a type of account
|
||
| 10. |
Notes Receivable |
select a type of account
|
None
of the aboveRevenuesAssetLiabilityExpenseHomework Answers
Add Answer to:
Indicate the nature of each account.
Type Of Account
1.
Supplies
select a type of account...
Indicate the normal balance by inserting Debit or Credit. Normal Balance 1. Supplies select a normal...
Indicate the normal balance by inserting Debit or Credit.
Normal Balance
1.
Supplies
select a normal balance
DebitCredit
2.
Notes Payable
select a normal balance
CreditDebit
3.
Service Revenue
select a normal balance
CreditDebit
4.
Dividends
select a normal balance
CreditDebit
5.
Accounts Payable
select a normal balance
DebitCredit
6.
Salaries and Wages Expense
select a normal balance
CreditDebit
7.
Common Stock
select a normal balance
DebitCredit
8.
Accounts Receivable
select a normal balance
CreditDebit
9.
Equipment
select a normal...
Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following:...
Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: a. In the first column at the right, indicate the nature of each account, using the following abbreviations: Asset - A Revenue - R Expense - E Liability - L None of the above - N b. In the second column, indicate the increase side of each account by inserting "Dr." for Debit or "Cr." for Credit. Type of Account Increase Side Account (1)...
Account Type Asset Liability Equity Norma Balance Debit Credit 1. Cash 2. Accounts receivable 3. Supplies...
Account Type Asset Liability Equity Norma Balance Debit Credit 1. Cash 2. Accounts receivable 3. Supplies 4. Prepaid insurance 5. Equipment 6. Accounts payable 7. Deferred (Unearned) service revenue 8. Notes payable 9. Common stock 10. Consulting revenue 11. Salaries expense 12. lease expense
Indicate whether each of the following would be reported in the financial statements as a current...
Indicate whether each of the following would be reported in the financial statements as a current asset (b) property, plant, and equipment, (c) currently, (d) revenue, or (e) expenses 1. True 2. Accumulated Depreciation 3. Telephone Expense 4. Fees Earned 5. Wages Payable 6. Prepaid surance 7. Office Suples 8. Oning Expense 9. Unearned lant Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
Indicate in the space provided by each item whether it would appear on the income statement,...
Indicate in the space provided by each item whether it would appear on the income statement, balance sheet, or retained earnings statement: Service Revenue (Choose] Utilities Expense (Choose) (Choose] Accounts Payable (Choose) Supplies (Choose] Salaries and Wages Expense (Choose ] Accounts Receivable (Choose] Common Stock (Choose) Equipment (Choose) Advertising Expense (Choose] Dividends (Choose) Notes Payable (Choose]
From the alphabetized account information above, select the best representation of what a Trial Balance would...
From the alphabetized account information above, select the best
representation of what a Trial Balance would look like using this
information. Assume all accounts have normal balances.
Trial Balance (A)
Cash
$50,480
Accounts Receivable
45,333
Supplies
6,800
Equipment
33,500
Building
156,000
Land
18,000
Accounts Payable
3,600
Notes Payable
85,500
Common Stock
110,000
Retained Earnings
60,606
Dividends
18,000
Fees Earned Revenue
225,430
Salaries Expense
151,900
Miscellaneous Expense
5,123
$485,136
$485,136
Trial Balance (B)
Cash
$50,480
Fees Earned Revenue
Accounts Receivable
45,333...
For each of the following (1) identify the type of account as an asset, liability, equity,...
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) 48 Account a. Prepaid Insurance b. Accounts Receivable c. Dividends d. License Fee Revenue e. Uneamed Revenue 1. Fees Eamed 9. Equipment h Notes...
prepare a post-closing trial balance. Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies...
prepare a post-closing trial balance. Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 54 Accumulated Depreciation $ 5 Software 21 Accumulated Amortization 6 Accounts Payable 4 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 72 Retained Earnings 9 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals...
1. Paid $400 cash for advertisements run this past week. Account: Account: 2. Purchased supplies costing...
1.
Paid $400 cash for advertisements run this past week.
Account:
Account:
2.
Purchased supplies costing $2,000 on account.
Account:
Account:
3.
Paid wages to employees in cash, $2,500.
Account:
Account:
4.
Received cash of $7,000 from customers for services
rendered.
Account:
Account:
5.
The owner invested $25,000 cash in the business in exchange for
ownership interest.
Account:
Account:
6.
For this transaction, please list the all debits before any
credits, and when multiple debits, or credits, are
required, please...
Indicate the normal balance by inserting Debit or Credit.
Normal Balance
1.
Supplies
select a normal balance
DebitCredit
2.
Notes Payable
select a normal balance
CreditDebit
3.
Service Revenue
select a normal balance
CreditDebit
4.
Dividends
select a normal balance
CreditDebit
5.
Accounts Payable
select a normal balance
DebitCredit
6.
Salaries and Wages Expense
select a normal balance
CreditDebit
7.
Common Stock
select a normal balance
DebitCredit
8.
Accounts Receivable
select a normal balance
CreditDebit
9.
Equipment
select a normal...
Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: a. In the first column at the right, indicate the nature of each account, using the following abbreviations: Asset - A Revenue - R Expense - E Liability - L None of the above - N b. In the second column, indicate the increase side of each account by inserting "Dr." for Debit or "Cr." for Credit. Type of Account Increase Side Account (1)...
Account Type Asset Liability Equity Norma Balance Debit Credit 1. Cash 2. Accounts receivable 3. Supplies 4. Prepaid insurance 5. Equipment 6. Accounts payable 7. Deferred (Unearned) service revenue 8. Notes payable 9. Common stock 10. Consulting revenue 11. Salaries expense 12. lease expense
Indicate whether each of the following would be reported in the financial statements as a current asset (b) property, plant, and equipment, (c) currently, (d) revenue, or (e) expenses 1. True 2. Accumulated Depreciation 3. Telephone Expense 4. Fees Earned 5. Wages Payable 6. Prepaid surance 7. Office Suples 8. Oning Expense 9. Unearned lant Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
Indicate in the space provided by each item whether it would appear on the income statement, balance sheet, or retained earnings statement: Service Revenue (Choose] Utilities Expense (Choose) (Choose] Accounts Payable (Choose) Supplies (Choose] Salaries and Wages Expense (Choose ] Accounts Receivable (Choose] Common Stock (Choose) Equipment (Choose) Advertising Expense (Choose] Dividends (Choose) Notes Payable (Choose]
From the alphabetized account information above, select the best
representation of what a Trial Balance would look like using this
information. Assume all accounts have normal balances.
Trial Balance (A)
Cash
$50,480
Accounts Receivable
45,333
Supplies
6,800
Equipment
33,500
Building
156,000
Land
18,000
Accounts Payable
3,600
Notes Payable
85,500
Common Stock
110,000
Retained Earnings
60,606
Dividends
18,000
Fees Earned Revenue
225,430
Salaries Expense
151,900
Miscellaneous Expense
5,123
$485,136
$485,136
Trial Balance (B)
Cash
$50,480
Fees Earned Revenue
Accounts Receivable
45,333...
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) 48 Account a. Prepaid Insurance b. Accounts Receivable c. Dividends d. License Fee Revenue e. Uneamed Revenue 1. Fees Eamed 9. Equipment h Notes...
1.
Paid $400 cash for advertisements run this past week.
Account:
Account:
2.
Purchased supplies costing $2,000 on account.
Account:
Account:
3.
Paid wages to employees in cash, $2,500.
Account:
Account:
4.
Received cash of $7,000 from customers for services
rendered.
Account:
Account:
5.
The owner invested $25,000 cash in the business in exchange for
ownership interest.
Account:
Account:
6.
For this transaction, please list the all debits before any
credits, and when multiple debits, or credits, are
required, please...
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