Homework Answers
| PS Music | ||||||||
| Income Statement | ||||||||
| For the Two Months Ended July 31,2019 | ||||||||
| Particulars | Amount $ | |||||||
| A.Income | ||||||||
| Fees Earned | 21200 | |||||||
| Total (A) | 21200 | |||||||
| B.Expenses | ||||||||
| Music Expense | 3610 | |||||||
| Wages Expenses | 2940 | |||||||
| Office Rent Expense | 2550 | |||||||
| Advertising Expense | 1500 | |||||||
| Equipment rent Expense | 1375 | |||||||
| Utilities Expense | 1215 | |||||||
| Supplies Expenses | 925 | |||||||
| Insurance Expenses | 225 | |||||||
| Depreciation Expense | 50 | |||||||
| Miscellaneous Expense | 1855 | |||||||
| Total (B) | 16245 | |||||||
| Net Income (A-B) | 4955 | |||||||
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PS Music Adjusted Trial Balance July 31, 2019 Credit Debit Balances Balances Cash Accounts Receivable 9,945...
Continuing Problem Chapter 4-Instruction #1 The adjusted trial balance of PS Music as of July 31,...
Continuing Problem Chapter 4-Instruction #1 The adjusted trial balance of PS Music as of July 31, 2019 is shown below: PS Music Adjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 9,945 Accounts Receivable 4,150 Supplies 275 Prepaid Insurance 2,475 Office Equipment 7,500 Accumulated Depreciation—Office Equipment 50 Accounts Payable 8,350 Wages Payable 140 Unearned Revenue 3,600 Peyton Smith, Capital 9,000 Peyton Smith, Drawing 1,750 Fees Earned 21,200 Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,550 Advertising...
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...
Given the adjusted trial balance, can you help me correct what I did wrong on my...
Given the adjusted trial balance, can you help me correct what I
did wrong on my statement of owners equity as well as fill in the
journal the correct way.
PS Music Adjusted Trial Balance July 31, 2019 Debit Credit Balances Balances 9,945 4,150 275 2,475 7,500 Cash Accounts Receivable Supplies Prepaid Insurancee Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Music Expense Wages Expense Office Rent Expense Advertising...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31,...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 11 9,945 Accounts Receivable 12 2,750 Supplies 14 1,020 Prepaid Insurance 15 2,700 Office Equipment 17 7,500 Accounts Payable 21 8,350 Unearned Revenue 23 7,200 Peyton Smith, Capital 31 9,000 Peyton Smith, Drawing 33 1,750 Fees Earned 41 16,200 Wages Expense 50 2,800 Office Rent...
Continuing Problem 2. Net income: $4,955 The unadjusted trial balance of PS Music as of July...
Continuing Problem 2. Net income: $4,955 The unadjusted trial balance of PS Music as of July 31, 2045, along with the adjustment data for the two months ended July 31, 2045, are shown in Chapter 3. Based upon the adjustment data, the following adjusted trial balance was prepared: Credit Balances Debit Balances 9,945 4,150 275 2,475 7,500 PS Music Adjusted Trial Balance July 31, 2015 Account No. Cash 11 Accounts Receivable. 12 Supplies 14 Prepaid Insurance 15 Office Equipment 17...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31,...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 119 12 ,945 2,750 Accounts Receivable Supplies Prepaid Insurance 1,020 15 2,700 Office Equipment 17 7,500 Accounts Payable Unearned Revenue 23 8,350 7,200 9,000 Peyton Smith, Capital Peyton Smith, Drawing 1,750 Fees Earned 41 16,200 Wages Expense 2,800 51 2,550 Office Rent Expense Equipment Rent...
The unadjusted trial balance of PS Music as of July 31, 2016, along with the adjustment...
The unadjusted trial balance of PS Music as of July 31, 2016,
along with the adjustment data for the two months ended July 31,
2016, are shown in Chapter 3. Based upon the adjustment data, the
following adjusted trial balance was prepared:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE
DEBIT
CREDIT
1
Cash
9,945.00
2
Accounts Receivable
4,150.00
3
Supplies
275.00
4
Prepaid Insurance
2,475.00
5
Office Equipment
7,500.00
6
Accumulated Depreciation-Office Equipment
50.00
7
Accounts Payable...
3. Total of Debit column: $42,340 The unadjusted trial balance that you prepared for PS Music...
3. Total of Debit column: $42,340 The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 should appear as follows: PS Music Unadjusted Trial Balance July 31, 2015 Account Debit Credit No. Balances Balances Cash.. 11 9,945 Accounts Receivable. 12 2,750 Supplies 14 1,020 Prepaid Insurance... 15 2,700 Office Equipment 17 7,500 Accounts Payable 21 8,350 Unearned Revenue.. 23 7,200 Common Stock 31 9,000 Dividends 33 1,750 Fees Earned. 41 16,200 Wages Expense 50...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 2,750 Accounts Receivable Supplies 1,020 2,700 7,500 8,350 7,200 9,000 Prepaid Insurance Office Equipment Accounts Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense 16,200 2,800 2,550 1,375 1,215 Calculator...
what are the post. Ref. #2. Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial...
what are the post. Ref.
#2.
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash ,945 119 12 Accounts Receivable 2,750 Supplies 1,020 2,700 Prepaid Insurance Office Equipment Accounts Payable 7,500 Unearned Revenue 8,350 7,200 9,000 1,750 Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense 16,200 2,800 Check My Work...
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...
Given the adjusted trial balance, can you help me correct what I
did wrong on my statement of owners equity as well as fill in the
journal the correct way.
PS Music Adjusted Trial Balance July 31, 2019 Debit Credit Balances Balances 9,945 4,150 275 2,475 7,500 Cash Accounts Receivable Supplies Prepaid Insurancee Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Music Expense Wages Expense Office Rent Expense Advertising...
Continuing Problem 2. Net income: $4,955 The unadjusted trial balance of PS Music as of July 31, 2045, along with the adjustment data for the two months ended July 31, 2045, are shown in Chapter 3. Based upon the adjustment data, the following adjusted trial balance was prepared: Credit Balances Debit Balances 9,945 4,150 275 2,475 7,500 PS Music Adjusted Trial Balance July 31, 2015 Account No. Cash 11 Accounts Receivable. 12 Supplies 14 Prepaid Insurance 15 Office Equipment 17...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 119 12 ,945 2,750 Accounts Receivable Supplies Prepaid Insurance 1,020 15 2,700 Office Equipment 17 7,500 Accounts Payable Unearned Revenue 23 8,350 7,200 9,000 Peyton Smith, Capital Peyton Smith, Drawing 1,750 Fees Earned 41 16,200 Wages Expense 2,800 51 2,550 Office Rent Expense Equipment Rent...
The unadjusted trial balance of PS Music as of July 31, 2016,
along with the adjustment data for the two months ended July 31,
2016, are shown in Chapter 3. Based upon the adjustment data, the
following adjusted trial balance was prepared:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE
DEBIT
CREDIT
1
Cash
9,945.00
2
Accounts Receivable
4,150.00
3
Supplies
275.00
4
Prepaid Insurance
2,475.00
5
Office Equipment
7,500.00
6
Accumulated Depreciation-Office Equipment
50.00
7
Accounts Payable...
3. Total of Debit column: $42,340 The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 should appear as follows: PS Music Unadjusted Trial Balance July 31, 2015 Account Debit Credit No. Balances Balances Cash.. 11 9,945 Accounts Receivable. 12 2,750 Supplies 14 1,020 Prepaid Insurance... 15 2,700 Office Equipment 17 7,500 Accounts Payable 21 8,350 Unearned Revenue.. 23 7,200 Common Stock 31 9,000 Dividends 33 1,750 Fees Earned. 41 16,200 Wages Expense 50...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 2,750 Accounts Receivable Supplies 1,020 2,700 7,500 8,350 7,200 9,000 Prepaid Insurance Office Equipment Accounts Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense 16,200 2,800 2,550 1,375 1,215 Calculator...
what are the post. Ref.
#2.
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash ,945 119 12 Accounts Receivable 2,750 Supplies 1,020 2,700 Prepaid Insurance Office Equipment Accounts Payable 7,500 Unearned Revenue 8,350 7,200 9,000 1,750 Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense 16,200 2,800 Check My Work...
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