Homework Answers
| Debit | Credit | ||
| Dec 31 | Fees Earned | 59500 | |
| Income Summary | 59500 | ||
| Dec 31 | Income Summary | 29500 | |
| Wages Expense | 19000 | ||
| Rent Expense | 7000 | ||
| Depreciation Expense | 3500 | ||
| Dec 31 | Income Summary | 30000 | |
| Retained Earnings | 30000 | ||
| Dec 31 | Retained Earnings | 2000 | |
| Dividends | 2000 |
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Prepare closing entries from the following end-of-period spreadsheet. Refer to the Chart of Accounts for exact...
Prepare closing entries on December 31 using the end-of-period spreadsheet. Refer to the chart of accounts...
Prepare closing entries on December 31 using the end-of-period
spreadsheet. Refer to the chart of accounts for exact wording of
account titles.
Prepare closing entries from the following end-of-period spreadsheet. Refer to the Chart of Accounts for exact wording of account titles. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 26.500 26,500 Accounts Receivable 5,000 2,000 7.000 Supplies 8,000 7.000 1.000 Equipment...
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December...
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Dr. cr. Dr. r. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 59,500 59,500 19,000 19,000 7,000 7,000 3,500 3,500 84,500 84,500 29,500 59,500 30,000 59,500 59,500 Balance Sheet Dr. Cr. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 Accumulated Depr.-Equip. Accounts Payable Wages Payable Daniel Austin, Capital Daniel Austin, Drawing Fees Earned Wages Expense Rent...
End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account...
End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 8,613 8,613 Dividends 1,000 1,000 Fees Earned 43,425 43,425 Wages Expense 19,913 19,913 Rent Expense 6,820 6,820 Depreciation Expense 4,305 4,305 Totals 75,038 75,038 31,038 43,425...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Adjusted Trial Balance Income...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Adjusted Trial Balance Income Statement Credit Debit Credit Credit Debit Debit Account Title 16,000 16,000 Cash 6,000 6,000 Accounts Receivable 2,000 2,000 Supplies 19,000 19,000 Equipment 6,000 6,000 Accumulated Depr. 10,000 10,000 Accounts Payable 2,000 2,000 Wages Payable 5,000 5,000 Common Stock 9,197 Retained Earnings 9,197 1,000 Dividends 1,000 44,064 Fees Earned 44,064 Wages Expenser 20,140 20,140 Rent Expense 6,374 6,374 Depreciation Expense 5,747 5,747 32,197 76,261 44,064...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 10,765 10,765 Dividends 1,000 1,000 Fees Earned 42,594 42,594 Wages Expense 20,402 20,402 Rent Expense 6,087 6,087 Depreciation Expense 5,870 5,870 Totals 76,359 76,359...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 3,688 3,688 Dividends 1,000 1,000 Fees Earned 50,510 50,510 Wages Expense 21,658 21,658 Rent Expense 5,674 5,674 Depreciation Expense 5,866 5,866 Totals 77,198 77,198...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 6,091 6,091 Dividends 1,000 1,000 Fees Earned 45,233 45,233 Wages Expense 19,173 19,173 Rent Expense 5,949 5,949 Depreciation Expense 5,202 5,202 Totals 74,324 74,324...
Chapter QUIZ Calculator Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance...
Chapter QUIZ Calculator Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Debit Credit Debit Credit 16,000 Account Title Balance Sheet Debit Credit 16,000 6,000 6,000 2,000 2,000 19,000 19,000 6,000 10,000 6,000 10,000 2,000 Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Eamed Wages Expense Rent Expense Depreciation Expense 5,000 1,241 1,000 1,000 21,751 5,537 5.737 $37 Totals 77,025 33.925 52,784 44,000 Net Income (Loss)...
11. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement...
11.
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 19,000 Equipment 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 Wages Payable 2,000 5,000 10,000 2,000 5,000 6,070 Common Stock Retained Earnings 6,070 Dividends 1,000 1,000 Fees Earned 47,867 47,867 Wages Expense 21,344 21,344 Rent Expense 5,817 5,776 5,817 5,776 Depreciation Expense Totals 76,937...
Closing entries from an end-of-period spreadsheet Instructions Chart of Accounts Journal Instructions Alert Security Services Co....
Closing entries from an end-of-period spreadsheet Instructions Chart of Accounts Journal Instructions Alert Security Services Co. offers security services to business clients. Based on the end-of-period spreadsheet, prepare the two closing entries for Alert Security Services Co. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Adjusted Income Trial Balance Trial Balance Incon Staten 2 Statement Account Title Debit Credit 3 Debit Cred 4 Cash 18.00 5 Accounts Receivable 101.00 7.00 6 Supplies 7 Prepaid...
Prepare closing entries on December 31 using the end-of-period
spreadsheet. Refer to the chart of accounts for exact wording of
account titles.
Prepare closing entries from the following end-of-period spreadsheet. Refer to the Chart of Accounts for exact wording of account titles. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 26.500 26,500 Accounts Receivable 5,000 2,000 7.000 Supplies 8,000 7.000 1.000 Equipment...
Account Title Cash Accounts Receivable Supplies Equipment Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Dr. cr. Dr. r. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 59,500 59,500 19,000 19,000 7,000 7,000 3,500 3,500 84,500 84,500 29,500 59,500 30,000 59,500 59,500 Balance Sheet Dr. Cr. 26,500 7,000 1,000 18,500 5,000 11,000 1,000 8,000 2,000 Accumulated Depr.-Equip. Accounts Payable Wages Payable Daniel Austin, Capital Daniel Austin, Drawing Fees Earned Wages Expense Rent...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Adjusted Trial Balance Income Statement Credit Debit Credit Credit Debit Debit Account Title 16,000 16,000 Cash 6,000 6,000 Accounts Receivable 2,000 2,000 Supplies 19,000 19,000 Equipment 6,000 6,000 Accumulated Depr. 10,000 10,000 Accounts Payable 2,000 2,000 Wages Payable 5,000 5,000 Common Stock 9,197 Retained Earnings 9,197 1,000 Dividends 1,000 44,064 Fees Earned 44,064 Wages Expenser 20,140 20,140 Rent Expense 6,374 6,374 Depreciation Expense 5,747 5,747 32,197 76,261 44,064...
Chapter QUIZ Calculator Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Debit Credit Debit Credit 16,000 Account Title Balance Sheet Debit Credit 16,000 6,000 6,000 2,000 2,000 19,000 19,000 6,000 10,000 6,000 10,000 2,000 Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Eamed Wages Expense Rent Expense Depreciation Expense 5,000 1,241 1,000 1,000 21,751 5,537 5.737 $37 Totals 77,025 33.925 52,784 44,000 Net Income (Loss)...
11.
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 19,000 Equipment 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 Wages Payable 2,000 5,000 10,000 2,000 5,000 6,070 Common Stock Retained Earnings 6,070 Dividends 1,000 1,000 Fees Earned 47,867 47,867 Wages Expense 21,344 21,344 Rent Expense 5,817 5,776 5,817 5,776 Depreciation Expense Totals 76,937...
Closing entries from an end-of-period spreadsheet Instructions Chart of Accounts Journal Instructions Alert Security Services Co. offers security services to business clients. Based on the end-of-period spreadsheet, prepare the two closing entries for Alert Security Services Co. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Adjusted Income Trial Balance Trial Balance Incon Staten 2 Statement Account Title Debit Credit 3 Debit Cred 4 Cash 18.00 5 Accounts Receivable 101.00 7.00 6 Supplies 7 Prepaid...
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