Can someone solve the second type problem for me like this below?? And plz don't forget the last two question.
Can someone solve the second type problem for me like this below?? And plz don't forget...
Required information The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances in thousands, except for par and market value per share): $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment* $ 1,900 Accounts payable 410 Unearned revenue 3,570 Salaries Payable 150 Short-term note payable 4,720 Common stock ($1 par value) 1,530 Additional paid-in capital (480)...
please complete a-k journal entry. t-accounts Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year). Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment $ 2,100 Accounts payable 610 Unearned revenue 3,770 Salaries Payable 350 Short-term note payable 4,920 Common stock ($1 par...
The following information applies to the questions displayed below) at January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances in thousands of dollars, except number of shares and par value per shares $ $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation office equipment 1.970 Accounts payable 480 Uneamed revenue 3,640 Salaries Payable 220 Short-term note payable 4,790 Common stock $1 par value 1600 Additional paid...
(The following information applies to the questions displayed below/ The general ledger of Zips Storage at January 1, 2018, includes the following account balances Accounts Cash Accounts Recelvable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Deblits Credits 25,600 16.400 14,000 158,000 $ 7700 6,800 153,000 46,500 Totals $214,000 $214.000 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $144,100, and on account, $57,200 b. February 12...
im stuck on what the credit amount would be for common stock and additional paid in capital 1. Prepare journal entries for each transaction for the current year. (If no entry is required for a transaction/even entry required" in the first account field. Enter your answers in thousands, not in dollars.) Part 1 of 2 View transaction list 15 points Journal entry worksheet 3 4 5 6 7 8 11 eBook Issued 16 additional shares of common stock at a...
! Required information [The following i ormation applies to the questions displayed below.) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 42,000 25,000 8,400 24,000 34,600 The following events apply to Oak Consulting for Year 2: 1. Provided $185,000 of services on account 2. Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000...
Required information Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $11,000. BSC borrowed $32,000 from the bank, promising to repay it in two years. BSC paid $37,000 for computer equipment with check number 101 and signed a note for $4,000 due in six months. BSC received $550 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 1.3....
Required information [The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts...
Geo Inc. had the following account balances on January 1, Year 2- Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies $ 701 1.400 1.400 10,000 1,300 2,600 3.411 3,900 580 A Paid $701 on account for utilities that were used during December Year 1 B. Purchased $443 of supplies for cash. C. Signed a rental agreement for office space and paid $4,300 in advance for six months of rent beginning February...
2. At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands of dollars, except number of shares and par value per share) $ 2,240 Accounts payable Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation-office equipment S 380 1,660 1,210 950 67 7,393 2,520 580 Unearned revenue 4,080 Salaries Payable 320 Short-term note payable 5,400 Common stock ($1 par value) 1,870 Additional paid-in capital (310) Retained...