Homework Answers
closing entries
| Date | accounts | Debit | Credit |
| Dec 31 | Retained earnings | 26100 | |
| Cost of services sold | 14900 | ||
| Selling,general and administrative expenses | 6600 | ||
| Depreciation expense | 4200 | ||
| Income tax expense | 400 | ||
| (To close expense) |
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Click the con to view the selected accounts and balances) Read the requirement Begin by preparing...
Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: EEB...
Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: EEB (Click the icon to view the selected accounts and balances.) Read the requirement. Begin by preparing the closing entries for Sunnydale Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Data Table Accounts Debit Credit (1) Dec 31 Cost of services sold Accumulated depreciation .....41,200 Selling, general, and 14,100...
Begin by preparing the closing entries for North Pole Services Enterprises. Record the entry to close...
Begin by preparing the closing entries for North Pole
Services Enterprises. Record the entry to close out the revenue
accounts
owing selected accounts from the records of North Pole Enterprises at December 31, 2016. on to view the selected accounts and balances) closing entries for North Pole Enterprises at December 31, 2016. How much net income did North Pole Enterprises earn d for Retained Earnings to show the December 31, 2016, balance of Retained Earnings ing the closing entries for...
Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations...
Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from 0 Data Table - 14,100 14,100 41,500 31,900 4,600 Cost of services sold .........$ Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2017 Service revenue........$ Service revenue.. Depreciation expense ... Other revenue .. Dividends declared Income tax expense Income tax payable .. 400 6,300 900 1.000 2,200 900 Print Done 6,300 1,000 then click Check Answer. ( E3-25A (similar to)...
i Requirement 1. Prepare the closing entries for Sunnydale Enterprises at December 31, 2018. How much...
i Requirement 1. Prepare the closing entries for Sunnydale Enterprises at December 31, 2018. How much net income did Sunnydale Enterprises earn during 2018? Prepare a T-account for Retained Earnings to show the December 31, 2018, balance of Retained Earnings. i Data Table 14,100 41,500 Service revenue ........$ Depreciation expense Other revenue 31,900 4,600 400 Cost of services sold Accumulated depreciation. Selling, general, and administrative expenses Retained earnings December 31, 2017 .. 6,300 Dividends declared 900 Income tax expense Income...
E3-25A. (Learning Objective 5: Close the books) Prepare the closing entries from the following selected accounts...
E3-25A. (Learning Objective 5: Close the books) Prepare the closing entries from the following selected accounts from the records of North Pole Enterprises at December 31, 2018 Cost of services s Accumulated depreciation.41,100 Selling, general, and 14,800 Service revenue $32,200 4,100 1,000 500 900 600 old Depreciation expense Other revenue administrative e xpenses.. 6,200 Dividends declared.... Retained earnings, Income tax expense December 31, 2017 2,000 Income tax payable How much net income did North Pole Enterprises earn during 2018? Prepare...
Credit December 31, 2019 Debit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated...
Credit December 31, 2019 Debit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock $24,000 2,800 4,450 3,875 8,000 2,255 Retained Earnings Dividends 10,500 Service Revenue 99,600 Salaries Expense Rent Expense Insurance Expense Depreciation Expense Income Tax Expense Totals 49,400 17,250 2,200 4,950 5,400 144,980 144,980 Required: Prepare the closing entries for Sparrow at December 31, 2019. If an amount box does not require an entry, leave...
View Policies Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as...
View Policies Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Flint Corporation is provided below. Debit Credit Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue $90,020 32,610 16,370 263,870 112,960 $65,720 142,350 28,400 227,910 7,690 Rent Revenue 4,460 Rent Expense Retained Earnings Supplies Expense 76,630 1,740 Date Account Titles and Explanation Debit Credit Dec. 31 (To close...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver Corporation is provided below. Debit Credit Accounts Receivable $79,860 Dividends 28,930 Depreciation Expense 14,520 Equipment 234,080 Salaries and Wages Expense 100,210 Accounts Payable $58,300 Accumulated Depreciation-Equipment 126,280 Unearned Rent Revenue 25,190 Service Revenue 202,180 Rent Revenue 6,820 Rent Expense 3,960 Retained Earnings 67,980 Supplies Expense 1,540 (a) Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Whispering...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Whispering Winds Corp. is provided below. Debit Credit Accounts Receivable Dividends $58,080 21,040 10,560 170,240 72,880 Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue $42,400 91,840 18,320 147,040 4,960 Rent Revenue 2,880 Rent Expense Retained Earnings Supplies Expense 49,440 1,120 Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 147,040 Rent Revenue 4,960 Income Summary...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Sarasota...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Sarasota Corp. is provided below. Credit Debit $69,700 25,250 12,670 204,290 87,460 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $50,880 110,210 21,980 176,450 5,950 3,460 59,330 1,340 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually....
Consider the following selected accounts from the records of Sunnydale Enterprises at December 31, 2018: EEB (Click the icon to view the selected accounts and balances.) Read the requirement. Begin by preparing the closing entries for Sunnydale Enterprises. Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Data Table Accounts Debit Credit (1) Dec 31 Cost of services sold Accumulated depreciation .....41,200 Selling, general, and 14,100...
Begin by preparing the closing entries for North Pole
Services Enterprises. Record the entry to close out the revenue
accounts
owing selected accounts from the records of North Pole Enterprises at December 31, 2016. on to view the selected accounts and balances) closing entries for North Pole Enterprises at December 31, 2016. How much net income did North Pole Enterprises earn d for Retained Earnings to show the December 31, 2016, balance of Retained Earnings ing the closing entries for...
Record the entry to close out the revenue accounts. (Record debits first, then credits. Exclude explanations from 0 Data Table - 14,100 14,100 41,500 31,900 4,600 Cost of services sold .........$ Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2017 Service revenue........$ Service revenue.. Depreciation expense ... Other revenue .. Dividends declared Income tax expense Income tax payable .. 400 6,300 900 1.000 2,200 900 Print Done 6,300 1,000 then click Check Answer. ( E3-25A (similar to)...
i Requirement 1. Prepare the closing entries for Sunnydale Enterprises at December 31, 2018. How much net income did Sunnydale Enterprises earn during 2018? Prepare a T-account for Retained Earnings to show the December 31, 2018, balance of Retained Earnings. i Data Table 14,100 41,500 Service revenue ........$ Depreciation expense Other revenue 31,900 4,600 400 Cost of services sold Accumulated depreciation. Selling, general, and administrative expenses Retained earnings December 31, 2017 .. 6,300 Dividends declared 900 Income tax expense Income...
E3-25A. (Learning Objective 5: Close the books) Prepare the closing entries from the following selected accounts from the records of North Pole Enterprises at December 31, 2018 Cost of services s Accumulated depreciation.41,100 Selling, general, and 14,800 Service revenue $32,200 4,100 1,000 500 900 600 old Depreciation expense Other revenue administrative e xpenses.. 6,200 Dividends declared.... Retained earnings, Income tax expense December 31, 2017 2,000 Income tax payable How much net income did North Pole Enterprises earn during 2018? Prepare...
Credit December 31, 2019 Debit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock $24,000 2,800 4,450 3,875 8,000 2,255 Retained Earnings Dividends 10,500 Service Revenue 99,600 Salaries Expense Rent Expense Insurance Expense Depreciation Expense Income Tax Expense Totals 49,400 17,250 2,200 4,950 5,400 144,980 144,980 Required: Prepare the closing entries for Sparrow at December 31, 2019. If an amount box does not require an entry, leave...
View Policies Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Flint Corporation is provided below. Debit Credit Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue $90,020 32,610 16,370 263,870 112,960 $65,720 142,350 28,400 227,910 7,690 Rent Revenue 4,460 Rent Expense Retained Earnings Supplies Expense 76,630 1,740 Date Account Titles and Explanation Debit Credit Dec. 31 (To close...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver Corporation is provided below. Debit Credit Accounts Receivable $79,860 Dividends 28,930 Depreciation Expense 14,520 Equipment 234,080 Salaries and Wages Expense 100,210 Accounts Payable $58,300 Accumulated Depreciation-Equipment 126,280 Unearned Rent Revenue 25,190 Service Revenue 202,180 Rent Revenue 6,820 Rent Expense 3,960 Retained Earnings 67,980 Supplies Expense 1,540 (a) Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Whispering Winds Corp. is provided below. Debit Credit Accounts Receivable Dividends $58,080 21,040 10,560 170,240 72,880 Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue $42,400 91,840 18,320 147,040 4,960 Rent Revenue 2,880 Rent Expense Retained Earnings Supplies Expense 49,440 1,120 Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 147,040 Rent Revenue 4,960 Income Summary...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Sarasota Corp. is provided below. Credit Debit $69,700 25,250 12,670 204,290 87,460 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $50,880 110,210 21,980 176,450 5,950 3,460 59,330 1,340 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually....
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