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Elone Web Feestad Insurance pense pense Miscellaneous Notes Payable 9,900 50.000 Rent Expense 18.000 Suntes Espe...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $41,550 Accounts Receivable 83,050 Cash ? Elaine Wells, Capital 193,800 Elaine Wells, Drawing 45,000 Fees Earned 692,200 Insurance Expense 13,150 Land 189,650 Miscellaneous Expense 19,400 Notes Payable 90,000 Prepaid Insurance 6,250 Rent Expense 131.500 Supplies 4,150 Supplies Expense 17,300 Uneared...
Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense...
Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 400,000 $ 121,500 $ 25,000 $ 875,000 $ 108,000 $ 9,000 $ 46,000 $ 124,000 $ 373,000 $ 78,600 $ 37,000 $ 86,400 $ 14,500 $ 533,000 $ 15,100 What is the net income or net loss for the year-ended December 31, 2020? (Net Loss shown negative) ($39,400)...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6, are listed in alphabetical order below. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $37,100 Accounts Receivable 74,200 Cash ? Elaine Wells, Capital 173,100 Elaine Wells, Drawing 40,000 Fees Earned 618,300 Insurance Expense 11,750 Land 169,400 Miscellaneous Expense 17,300 Notes Payable 80,000 Prepaid Insurance 5,550 Rent Expense 117,500 Supplies 3,700 Supplies Expense 15,450 Unearned Rent...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $25,100 Accounts Receivable 50,150 Cash ? Elaine Wells, Capital 117,050 Elaine Wells, Drawing 27,000 Fees Earned 418,000 Insurance Expense 7,950 Land 114,550 Miscellaneous Expense 11,700 Notes Payable 54,000 Prepaid Insurance 3,750 Rent Expense 79,400 Supplies 2,500 Supplies Expense 10,450 Unearned...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,700 25.000 10.800 61,000 0 18.000 An analysis of the accounts shows the following. The equipment depreciates $300 per month 2 One-third of the uneared rent revenue was earned during the quarter 3. Interest totaling $625 is accrued on the notes payable for the quarter 4. Supplies on hand total 5680. Insurance expires...
Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31,...
Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in phabetical orders follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. $42,770 116,900 ? 75,000 24,000 745,230 3,600 Accounts Payable Accounts Receivable Cash Elaine Wells, Capital Elaine Wells, Drawing Fees Earned Insurance Expense Land Miscellanepus Expense Notes Payable Prepaid Insurance Rent Expense Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense 50,000 9,500...
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...
The act in the leger of Securriture Company as of August 2015 are listed in a...
The act in the leger of Securriture Company as of August 2015 are listed in a beter as follows the Accounts Payable hero of the h $118.600 o 660,500 Cash Common Stoch Dividends 150.000 36,000 4,330,000 Fees Eamed Insurance Expense 18.000 1.850.000 30,700 Miscellaneous Expense Notes Payable 75,000 21,600 300,000 1,614,400 11,200 Pred Insurance Rent Expense Retained Tarings Supplies Supplies Expense Untamed Rent Utilities Expense Wages Expense 73.700 12,000 12.000 2,950,000 yver S Prepare an unadjusted trial balance. List all...
Account Accounts payable Retained earnings Supplies expense Furniture Utility expense Cash Common stock Notes payable Rent...
Account Accounts payable Retained earnings Supplies expense Furniture Utility expense Cash Common stock Notes payable Rent expense Sales revenue Advertising expense Land Wage expense Dividends Prepaid expense Equipment Accounts receivable Balance $16,000 14,800 27,100 1,900 234.000 18.600 300,200 29,700 26,000 84,000 7,300 12,300 47,000 23,600 18,000 14,200 14,700 Required: Prepare the trial balance for LILI Corporation as of September 30, 20x1 in the order suggested in the text.
The An accounting form that is used to record the increases and decreases in each financial...
The An accounting form that is used to record the increases and decreases in each financial statement item.accounts in the A group of accounts for a business.ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits.normal balances. The balance of the cash account has...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $41,550 Accounts Receivable 83,050 Cash ? Elaine Wells, Capital 193,800 Elaine Wells, Drawing 45,000 Fees Earned 692,200 Insurance Expense 13,150 Land 189,650 Miscellaneous Expense 19,400 Notes Payable 90,000 Prepaid Insurance 6,250 Rent Expense 131.500 Supplies 4,150 Supplies Expense 17,300 Uneared...
Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 400,000 $ 121,500 $ 25,000 $ 875,000 $ 108,000 $ 9,000 $ 46,000 $ 124,000 $ 373,000 $ 78,600 $ 37,000 $ 86,400 $ 14,500 $ 533,000 $ 15,100 What is the net income or net loss for the year-ended December 31, 2020? (Net Loss shown negative) ($39,400)...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,700 25.000 10.800 61,000 0 18.000 An analysis of the accounts shows the following. The equipment depreciates $300 per month 2 One-third of the uneared rent revenue was earned during the quarter 3. Interest totaling $625 is accrued on the notes payable for the quarter 4. Supplies on hand total 5680. Insurance expires...
Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in phabetical orders follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. $42,770 116,900 ? 75,000 24,000 745,230 3,600 Accounts Payable Accounts Receivable Cash Elaine Wells, Capital Elaine Wells, Drawing Fees Earned Insurance Expense Land Miscellanepus Expense Notes Payable Prepaid Insurance Rent Expense Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense 50,000 9,500...
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...
The act in the leger of Securriture Company as of August 2015 are listed in a beter as follows the Accounts Payable hero of the h $118.600 o 660,500 Cash Common Stoch Dividends 150.000 36,000 4,330,000 Fees Eamed Insurance Expense 18.000 1.850.000 30,700 Miscellaneous Expense Notes Payable 75,000 21,600 300,000 1,614,400 11,200 Pred Insurance Rent Expense Retained Tarings Supplies Supplies Expense Untamed Rent Utilities Expense Wages Expense 73.700 12,000 12.000 2,950,000 yver S Prepare an unadjusted trial balance. List all...
Account Accounts payable Retained earnings Supplies expense Furniture Utility expense Cash Common stock Notes payable Rent expense Sales revenue Advertising expense Land Wage expense Dividends Prepaid expense Equipment Accounts receivable Balance $16,000 14,800 27,100 1,900 234.000 18.600 300,200 29,700 26,000 84,000 7,300 12,300 47,000 23,600 18,000 14,200 14,700 Required: Prepare the trial balance for LILI Corporation as of September 30, 20x1 in the order suggested in the text.
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