Homework Answers
| Account | Unadjusted | Adjusting entries | Adjusted | Income Statement | Balance sheet | |||||
| Name | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit |
| Cash | 46,669.36 | 5,375.00 | 41,294.36 | 41,294.36 | ||||||
| Accounts receivable | 20,019.00 | 5,375.00 | 25,394.00 | 25,394.00 | ||||||
| Prepaid insurance | 5,808.00 | 242.00 | 5,566.00 | 5,566.00 | ||||||
| Prepaid rent | 4,600.00 | 2,300.00 | 2,300.00 | 2,300.00 | ||||||
| Office supplies | 530.00 | 214.00 | 316.00 | 316.00 | ||||||
| Office equip. | 2,351.00 | 2,351.00 | 2,351.00 | |||||||
| Accum. Depr.Office Equip. | ||||||||||
| Computer equip. | 194,340.00 | 194,340.00 | 194,340.00 | |||||||
| Accum. Depr.-Computer Equp. | ||||||||||
| Building Cost | 80,000.00 | 80,000.00 | 80,000.00 | |||||||
| Accum. Depr.-Building | 246.00 | 246.00 | 246.00 | |||||||
| Land | 15,000.00 | 15,000.00 | 15,000.00 | |||||||
| Accounts payable | 220.00 | 220.00 | 220.00 | |||||||
| Advanced payments | ||||||||||
| Interest Payable | 1,240.44 | 1,240.44 | 1,240.44 | |||||||
| Salaries Payable | 1,920.00 | 576.00 | 2,496.00 | 2,496.00 | ||||||
| Income Taxes payable | ||||||||||
| Mortgage payable | 85,500.00 | 85,500.00 | 85,500.00 | |||||||
| Notes payable | 90,360.00 | 902.00 | 89,458.00 | 89,458.00 | ||||||
| Capital stock | 186,186.00 | 186,186.00 | 186,186.00 | |||||||
| Retained Earnings | 1,654.92 | |||||||||
| Dividends | 1,718.64 | 1,718.64 | ||||||||
| Computer & Consulting revenue | 10,725.00 | 10,725.00 | 10,725.00 | |||||||
| Rent expense | 2,300.00 | 2,300.00 | 2,300.00 | |||||||
| Salary expense | 1,920.00 | 576.00 | 2,496.00 | 2,496.00 | ||||||
| Advertising expense | 325.00 | 325.00 | 325.00 | |||||||
| Repairs & Maint. Expense | 1,190.00 | 1,190.00 | 1,190.00 | |||||||
| Oil & Gas expense | ||||||||||
| Supplies expense | 214.00 | 214.00 | 214.00 | |||||||
| Interest expense | 338.44 | 338.44 | 338.44 | |||||||
| Insurance expense | 242.00 | 242.00 | 242.00 | |||||||
| Depreciation expense | 246.00 | 246.00 | 246.00 | |||||||
| Income tax expense | ||||||||||
| TOTAL | 374,691.00 | 374,691.00 | 10,193.44 | 10,193.44 | 375,851.44 | 375,851.44 | 7,351.44 | 10,725.00 | 366,781.36 | 366,781.36 |
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income statement and balance sheet
D G H. For Perlod Ending June 30, 2019 Account mer...
A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2019 Total Balance,...
A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2019 Total Balance, Beginning of Period Net Income Dividends Balance, End of Period Income Statement Dobi Credit Cand Balance Sheet Debit 41,294.36 25,394.00 15,566.00 12.300.00 316.00 2.351.00 194.340100 80,000.00 24600 15,000.00 220.00 1.240.44 2,406.00 88 al 85,500.00 89,458.00 186.186.00 1718,64 10,725.00 2,300.00 2/496.00 325.00 1.190,00 214.00 1338.44 242.00 24600 7351441 110.725 00111368 500.00365,12644 13373156 10,725 000 72500) || 368,500.00 0 500.00
Closing Entries 36. Close the revenue accounts. 37. Close the expense accounts. 38. Close the income...
Closing Entries 36. Close the revenue accounts. 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account. Introduction FAQ Welcome Chart abc General MA Clear Y BTU D % fx 10A - A- A Computer & Consulting Revenue Wrap Text Marge B31 For Perlod Ending June 30, 2019 Unustad Tral Balance Dabit Credit 46.669 36 . 2010 1900 5,808 00 460000 0001 2351.00 Adjusting Entries Debit Credit 5,375.00 6.375.00 242.00 2.300.00 214.00 - A...
What's my error? Why is it out of balance use worksheet for balance sheet A Byte...
What's my error? Why is it out of balance use worksheet for
balance sheet
A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2020 Adjusting Entries Debit Credit Income Statement Debit Credit 5,750.00 Unadjusted Trial Balance Debit Credit 87,962.02 1,135.00 - 6,480.00 4,200.00 530.00 1,115.00 Balance Sheet Debit Credit 87,962.02 6,885.00 6,210.00 2,100.00 214.00 1,115.00 - 270.00 2,100.00 316.00 Adjusted Trial Balance Debit Credit 87,962.02 - 6,885.00 - 6,210.00 2,100.00 214.00 1,115.00 7.57 203,520.00 3,392.00 18,000.00 250.00 95,000.00...
Please create an income statement, balance sheet, and statement of stockholder's equity according to the adjusted trial...
Please create an income statement, balance sheet, and statement
of stockholder's equity according to the adjusted trial balance
columns.
A Byte of Accounting, Inc. Worksheet For Period Ending December 31, 2018 Income Statement Debit Credit Balance Sheet Debit Credit Adiusting Entries Debit Credit 25.00 - 8,105.00 - 1.447.50 269.00 Unadiusted Trial Balance Debit Credit 258,208.20 23,662.00 5,090.00 6,456.00 2.600.00 3,400.00 2.225.00 64,100.00 6.100.00 22,000.00 4.400.00 14.276.00 8,715.00 118.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful...
Fill out the Stockholder's equity chart using the income statement // balance sheet Income Statement Debit...
Fill out the Stockholder's equity chart using the income
statement // balance sheet
Income Statement Debit Credit Adjusting Entries Debit Credit 25.00 6,225.00 1,392.00 275.00 Unadjusted Trial Balance Debit Credit 146,055.00 21,615.00 74.00 . 6,600.00 2,400.00 3,350.00 630.00 71,900.00 6,400.00 20,500.00 4,100.00 19,915.00 8,715.00 2,472.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 110 watt 1130 Prepaid Insurance wala 1140 Prepaid Rent 1150 Supplies 1160 Inventory 1211 Office Equipment 1212 Accum. Depr.-Office Equip 1311 Computer...
Fill out the Stockholder's equity chart using the income statement // balance sheet Answer IS NOT...
Fill out the Stockholder's equity chart using the income
statement // balance sheet
Answer IS NOT 216,841.73
Income Statement Debit Credit Adjusting Entries Debit Credit 25.00 6,225.00 1,392.00 275.00 Unadjusted Trial Balance Debit Credit 146,055.00 21,615.00 74.00 . 6,600.00 2,400.00 3,350.00 630.00 71,900.00 6,400.00 20,500.00 4,100.00 19,915.00 8,715.00 2,472.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 110 watt 1130 Prepaid Insurance wala 1140 Prepaid Rent 1150 Supplies 1160 Inventory 1211 Office Equipment 1212 Accum....
36. June 30:Income taxes are to be computed at the rate of 25 percent of net...
36. June 30:Income taxes are to be computed at the rate of 25 percent of net income before taxes. [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.] Closing Entries 37. Close the revenue accounts. 38. Close the expense accounts. 39....
I am looking for the computer & consulting revenue and down. (I am aware that the...
I am looking for the computer & consulting revenue and down.
(I am aware that the TOTAL, NET INCOME, and BALANCE are incorrect
so i would need help with those too)
Income Statement Debit Credit Account Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip 1212 Accum. Depr.-Office Equip 1311 Computer Equip 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments...
Indicate with an “X” whether each account total should be extended to the income statement debit...
Indicate with an “X” whether each account total should be extended
to the income statement debit or credit or to the balance sheet
debit or credit columns on the work sheet.
balaiice Sheet Debit CreditDebit Cash Accounts Receivable Supplies Prepaid Insurance Automobile Accum. Depr-Automobile Accounts Payable Wages Payable Owner, Capital Owner, Drawing Service Fees Wages Expense Supplies Expense Utilities Expense Insurance Expense Depr. Exp.-Automobile ANALYSIS OF NET INCOME OR NET LOSS ON THE WORK SHEET Inser dollar amounts where the...
Normal Balance Debit Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent...
Normal Balance Debit Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr. -Building Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Capital Stock...
A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2019 Total Balance, Beginning of Period Net Income Dividends Balance, End of Period Income Statement Dobi Credit Cand Balance Sheet Debit 41,294.36 25,394.00 15,566.00 12.300.00 316.00 2.351.00 194.340100 80,000.00 24600 15,000.00 220.00 1.240.44 2,406.00 88 al 85,500.00 89,458.00 186.186.00 1718,64 10,725.00 2,300.00 2/496.00 325.00 1.190,00 214.00 1338.44 242.00 24600 7351441 110.725 00111368 500.00365,12644 13373156 10,725 000 72500) || 368,500.00 0 500.00
Closing Entries 36. Close the revenue accounts. 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account. Introduction FAQ Welcome Chart abc General MA Clear Y BTU D % fx 10A - A- A Computer & Consulting Revenue Wrap Text Marge B31 For Perlod Ending June 30, 2019 Unustad Tral Balance Dabit Credit 46.669 36 . 2010 1900 5,808 00 460000 0001 2351.00 Adjusting Entries Debit Credit 5,375.00 6.375.00 242.00 2.300.00 214.00 - A...
What's my error? Why is it out of balance use worksheet for
balance sheet
A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2020 Adjusting Entries Debit Credit Income Statement Debit Credit 5,750.00 Unadjusted Trial Balance Debit Credit 87,962.02 1,135.00 - 6,480.00 4,200.00 530.00 1,115.00 Balance Sheet Debit Credit 87,962.02 6,885.00 6,210.00 2,100.00 214.00 1,115.00 - 270.00 2,100.00 316.00 Adjusted Trial Balance Debit Credit 87,962.02 - 6,885.00 - 6,210.00 2,100.00 214.00 1,115.00 7.57 203,520.00 3,392.00 18,000.00 250.00 95,000.00...
Please create an income statement, balance sheet, and statement
of stockholder's equity according to the adjusted trial balance
columns.
A Byte of Accounting, Inc. Worksheet For Period Ending December 31, 2018 Income Statement Debit Credit Balance Sheet Debit Credit Adiusting Entries Debit Credit 25.00 - 8,105.00 - 1.447.50 269.00 Unadiusted Trial Balance Debit Credit 258,208.20 23,662.00 5,090.00 6,456.00 2.600.00 3,400.00 2.225.00 64,100.00 6.100.00 22,000.00 4.400.00 14.276.00 8,715.00 118.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful...
Fill out the Stockholder's equity chart using the income
statement // balance sheet
Income Statement Debit Credit Adjusting Entries Debit Credit 25.00 6,225.00 1,392.00 275.00 Unadjusted Trial Balance Debit Credit 146,055.00 21,615.00 74.00 . 6,600.00 2,400.00 3,350.00 630.00 71,900.00 6,400.00 20,500.00 4,100.00 19,915.00 8,715.00 2,472.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 110 watt 1130 Prepaid Insurance wala 1140 Prepaid Rent 1150 Supplies 1160 Inventory 1211 Office Equipment 1212 Accum. Depr.-Office Equip 1311 Computer...
Fill out the Stockholder's equity chart using the income
statement // balance sheet
Answer IS NOT 216,841.73
Income Statement Debit Credit Adjusting Entries Debit Credit 25.00 6,225.00 1,392.00 275.00 Unadjusted Trial Balance Debit Credit 146,055.00 21,615.00 74.00 . 6,600.00 2,400.00 3,350.00 630.00 71,900.00 6,400.00 20,500.00 4,100.00 19,915.00 8,715.00 2,472.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 110 watt 1130 Prepaid Insurance wala 1140 Prepaid Rent 1150 Supplies 1160 Inventory 1211 Office Equipment 1212 Accum....
36. June 30:Income taxes are to be computed at the rate of 25 percent of net income before taxes. [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.] Closing Entries 37. Close the revenue accounts. 38. Close the expense accounts. 39....
I am looking for the computer & consulting revenue and down.
(I am aware that the TOTAL, NET INCOME, and BALANCE are incorrect
so i would need help with those too)
Income Statement Debit Credit Account Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip 1212 Accum. Depr.-Office Equip 1311 Computer Equip 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments...
Indicate with an “X” whether each account total should be extended
to the income statement debit or credit or to the balance sheet
debit or credit columns on the work sheet.
balaiice Sheet Debit CreditDebit Cash Accounts Receivable Supplies Prepaid Insurance Automobile Accum. Depr-Automobile Accounts Payable Wages Payable Owner, Capital Owner, Drawing Service Fees Wages Expense Supplies Expense Utilities Expense Insurance Expense Depr. Exp.-Automobile ANALYSIS OF NET INCOME OR NET LOSS ON THE WORK SHEET Inser dollar amounts where the...
Normal Balance Debit Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr. -Building Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Capital Stock...
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