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![Total Assets $1800 Accounts Receivable Purepaid insurance cash $2000 $3200 $3000 land $10000 Answes = [ $10000] An asset is a](http://img.homeworklib.com/questions/6716fb80-70ff-11ea-8e99-17a910e57fc0.png?x-oss-process=image/resize,w_560)
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Time Left:0:51:44 L-peruus LUUNDUVI Drowser + Marjoya Ellidridge: Attempt 1 Accounts Payable $1,500 Fees Earned $3,600...
10. The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have...
10. The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $1,500 Fees Earned $3,600 Accounts Receivable 1,800 Insurance Expense 1,300 Prepaid Insurance 2,000 Land 3,000 Cash 3,200 Wages Expense 1,400 Drawing 1,200 Capital 8,800 The total of all the assets is a. $10,000 b. $8,000 c. $9,700 d. $9,800 11. The classification and normal balance of the accounts payable account is an asset with a credit balance a liability with...
1. The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All...
1. The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All accounts have normal balances. Accounts Payable 1,500 Fees Earned 3,000 Accounts Receivable 1,800 Insurance Expense 1,300 Investment 2,000 Land 3,000 Cash 2,600 Wages Expense 1,400 Withdrawals 1,200 Owner’s Equity 8,800 Prepare a trial balance. The total of the debits is a. $13,300 b. $9,400 c. $9,100 d. $9,600 e. $20,600 2. Which of the following is nota short-cut in finding errors on the trial...
1. Equipment with an estimated market value of $29,048 is offered for sale at $46,250. The...
1. Equipment with an estimated market value of $29,048 is offered for sale at $46,250. The equipment is acquired for $16,194 in cash and a note payable of $23,353 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is a.$45,242 b.$16,194 c.$29,048 d.$39,547 2. Which of the following is not an asset? a.cash b.owner's equity c.inventory d.investments 3. The assets and liabilities of a company are $128,000 and $84,000, respectively. Owner's equity should...
Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1,400 185,000 160,000 Cash Accounts Receivable Prepaid Insurance...
Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1,400 185,000 160,000 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-building Accounts Payable Wages Payable Unearned revenue Notes Payable Capital Drawing Service fees earned Supplies (e) Insurance Vages elephone epreciation scellaneous TOTALS 83,000 32,000 1,000 16,700 31,000 190,000 4,000 119,000 1,300 2,400 14,500 400 42,000 100 472,700 472,700 sting journal entries pplies used during the period were $400.
Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1,400 185,000 160,000 Cash Accounts Receivable Prepaid Insurance...
Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1,400 185,000 160,000 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation building Accounts Payable Wages Payable Unearned revenue Notes Payable Capital Drawing Service fees earned Supplies (e) Insurance Wages Telephone Depreciation Miscellaneous TOTALS 83,000 32,000 1,000 16,700 31,000 190,000 4,000 119,000 1,300 2,400 14,500 400 42,000 1001 472,700 472,700 Adjusting journal entries 1. Supplies used during the period were $400. 2. Insurance premiums expired during the period were $300. 3....
July 31 Fees Earned 21,200 Wages Expense Office Rent Expense 2,940 2,550 1,375 Equipment Rent Expense...
July 31 Fees Earned 21,200 Wages Expense Office Rent Expense 2,940 2,550 1,375 Equipment Rent Expense Utilities Expense 1,215 Music Expense 3,610 Advertising Expense 1,500 Supplies Expense 925 Insurance Expense 225 Depreciation Expense 50 Miscellaneous Expense 1,855 Peyton Smith, Capital 4,955 DATE ACCOUNT POST. REF. DEBIT CREDIT July 31 Peyton Smith, Capital 1,750 Peyton Smith, Drawing 1,750 PS Music Post-Closing Trial Balance July 31, 2019 Debit Balances Credit Balances Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office...
me now Calculator Journal entry for fees earned Instructions Chart of Accounts Journal Instructions X Prepare...
me now Calculator Journal entry for fees earned Instructions Chart of Accounts Journal Instructions X Prepare a journal entry on April 30 for fees earned on account, $8,200. Refer to the Chart of Accounts for exact wording of account titles instructions Chart of Accounts Journal Instructions Chart of Accounts x Pr! ou of CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Supplies 14 Prepaid Rent 15 Land 16 Equipment...
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Shores Sports rents canoes and kayaks. Below is the adjusted trial balance at December 31.DebitCreditCash1,500Accounts Receivable 2,000Interest Receivable 100Prepaid Insurance 1,600Notes Receivable (long-term) 2,800Equipment 15,000Accumulated Depreciation3,000Accounts Payable 2,400Accrued Expenses Payable 3,920Income Taxes Payable 2,700Unearned Rent Fees 500Common Stock 7,700Dividends 2,000Rent Fees Earned37,000Furniture Rental Revenue 1,300Wages Expense 19,000Depreciation Expense 1,800Utilities Expense 320Insurance Expense 700Maintenance Expense 9,000Income Tax Expense 2,700 Totals58,52058,520 The entry required to close the expense accounts at the end of the period includes a:
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance...
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance 10,600 Expense Land 153,100 Miscellaneous 15,650 Expense Notes 73,000 Payable Prepaid 5,050 Insurance Rent Expense 106,200 Retained 29,900 Earnings Supplies 3,350 Supplies 13,950 Expense Unearned 15,200 Rent Utilities 74,850 Expense Wages 312,850 Expense a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry...
CHART OF ACCOUNTS Cole Designs General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts...
CHART OF ACCOUNTS Cole Designs General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 14 Supplies EXPENSES 15 Prepaid Insurance 51 Wages Expense 18 Equipment 52 Supplies Expense 55 Insurance Expense 19 Accumulated Depreciation-Equipment 56 Depreciation Expense 18 Equipment 52 Supplies Expense 19 Accumulated Depreciation-Equipment 55 Insurance Expense 56 Depreciation Expense LIABILITIES 22 Wages Payable 23 Unearned Fees EQUITY 31 Ann Cole, Capital 32 Ann Cole, Drawing These financial statements were prepared from the unadjusted trial balance....
Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1,400 185,000 160,000 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-building Accounts Payable Wages Payable Unearned revenue Notes Payable Capital Drawing Service fees earned Supplies (e) Insurance Vages elephone epreciation scellaneous TOTALS 83,000 32,000 1,000 16,700 31,000 190,000 4,000 119,000 1,300 2,400 14,500 400 42,000 100 472,700 472,700 sting journal entries pplies used during the period were $400.
Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1,400 185,000 160,000 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation building Accounts Payable Wages Payable Unearned revenue Notes Payable Capital Drawing Service fees earned Supplies (e) Insurance Wages Telephone Depreciation Miscellaneous TOTALS 83,000 32,000 1,000 16,700 31,000 190,000 4,000 119,000 1,300 2,400 14,500 400 42,000 1001 472,700 472,700 Adjusting journal entries 1. Supplies used during the period were $400. 2. Insurance premiums expired during the period were $300. 3....
July 31 Fees Earned 21,200 Wages Expense Office Rent Expense 2,940 2,550 1,375 Equipment Rent Expense Utilities Expense 1,215 Music Expense 3,610 Advertising Expense 1,500 Supplies Expense 925 Insurance Expense 225 Depreciation Expense 50 Miscellaneous Expense 1,855 Peyton Smith, Capital 4,955 DATE ACCOUNT POST. REF. DEBIT CREDIT July 31 Peyton Smith, Capital 1,750 Peyton Smith, Drawing 1,750 PS Music Post-Closing Trial Balance July 31, 2019 Debit Balances Credit Balances Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office...
me now Calculator Journal entry for fees earned Instructions Chart of Accounts Journal Instructions X Prepare a journal entry on April 30 for fees earned on account, $8,200. Refer to the Chart of Accounts for exact wording of account titles instructions Chart of Accounts Journal Instructions Chart of Accounts x Pr! ou of CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Supplies 14 Prepaid Rent 15 Land 16 Equipment...
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance 10,600 Expense Land 153,100 Miscellaneous 15,650 Expense Notes 73,000 Payable Prepaid 5,050 Insurance Rent Expense 106,200 Retained 29,900 Earnings Supplies 3,350 Supplies 13,950 Expense Unearned 15,200 Rent Utilities 74,850 Expense Wages 312,850 Expense a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry...
CHART OF ACCOUNTS Cole Designs General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 14 Supplies EXPENSES 15 Prepaid Insurance 51 Wages Expense 18 Equipment 52 Supplies Expense 55 Insurance Expense 19 Accumulated Depreciation-Equipment 56 Depreciation Expense 18 Equipment 52 Supplies Expense 19 Accumulated Depreciation-Equipment 55 Insurance Expense 56 Depreciation Expense LIABILITIES 22 Wages Payable 23 Unearned Fees EQUITY 31 Ann Cole, Capital 32 Ann Cole, Drawing These financial statements were prepared from the unadjusted trial balance....
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