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astion #3 (15 points) - use white space on this page (p. 5) for your answer....
estion 1 (20 points) - if you need additonal space, use page 3 De adjusted account...
estion 1 (20 points) - if you need additonal space, use page 3 De adjusted account balances of the Wellness Center at July 31 are as follows: Account Balances $ 16,000 15,000 4,000 8,000 Account Balances $107.000 8,500 25,000 6,000 40,000 8,000 13,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated Depreciation- Buildings Accounts Payable Owner's Capital Owner's Drawings 300,000 120,000 19,000...
9. At March 31, account balances after adjustments for Wide Screen are as follows: Account Balances...
9. At March 31, account balances after adjustments for Wide Screen are as follows: Account Balances (After Adjustment) Accounts Cash $ 11,000 Supplies 4,000 Equipment 50,000 Accumulated Depreciation-Equipment 12,000 Accounts Payable 5,000 Owner's, Capital 20,000 Owner's, Drawings 8,000 Ticket Revenue 59,000 Service Revenue Advertising Expense 55,000 Supplies Expense 18,800 Depreciation Expense 17,000 Rent Expense 4,000 Salaries and Wages Expense 26,000 Utilities Expense 24,000 5,200 Instructions Prepare the closing journal entries for Wide Screen. (20 pts) 10
Syner-T Company Adjusted Trial Balance Year ending December 31, 2016 Balances 17,000 22,800 26,000 21,200 35,000...
Syner-T Company Adjusted Trial Balance Year ending December 31, 2016 Balances 17,000 22,800 26,000 21,200 35,000 104,000 11,000 12,000 Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Mortgage payable, due 12/15/21 Note payable, due 6/30/17 Prepaid insurance (12-month policy) Rent expense Salaries and wages expense Service revenue Supplies Supplies expense Equipment Unearned revenue 3,800 30,000 36,000 7,200 16,000 32,000 135,000 5,000 6,000 210,000 2,000 Classify and present the...
. UHTUWIIIg selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office...
. UHTUWIIIg selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office rent of $840. 3. Performed consulting services and billed a client $5,200. 4. Bo Halladay withdrew $750 cash for personal use. Journalize each transaction. Question 4 (10 points) The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $7,642. Prepaid Insurance $1,968. Accounts Payable $8,396. Maintenance and Repairs Expense $961. Cash $ ? Service Revenue...
The accounting record of ABC Consulting at December 31, 2019 shows the following accounting balances at...
The accounting record of ABC Consulting at December 31, 2019 shows the following accounting balances at year end: Accounts Dr. $$ Cr. $$ Cash 19,000 Service revenue 113,000 Accounts receivable 25,000 Supplies 4,000 Depreciation expense 27,000 Insurance expense 6,000 Building 120,000 Equipment 100,000 Salary expense 30,000 Supplies expense 9,000 Utilities expense 12,000 Accounts payable 19,000 Utilities payable 12,000 Bank Loan (5 years) 40,000 Unearned Service Revenue 13,000 Owner's capital 170,000 Owner's drawings 15,000 Total 367,000 367,000 170,000 Required: Owner's capital...
Can someone please answer? 56. A magazine company received $1,200 cash for subscriptions in August for...
Can someone please answer? 56. A magazine company received $1,200 cash for subscriptions in August for magazines to be mailed in September 2004 through December 2004. It originally recorded the amount received in a "temporary" account. After mailing 1/4 of the magazines in September 2004, the correct adjusting entry at the end of September (adjusting entries are made monthly by the Company) will be: Subscriptions Revenue 300 Unearned Revenue 300 Subscriptions Revenue 900 Unearned Revenue 900 Unearned Revenue 300 Subscriptions...
Exercise 194 At March 31, account balances after adjustments for Wide Screen are as follows: Accounts...
Exercise 194 At March 31, account balances after adjustments for Wide Screen are as follows: Accounts Cash Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Owner's, Capital Owner's, Drawings Ticket Revenue Service Revenue Advertising Expense Supplies Expense Depreciation Expense Rent Expense Salaries and Wages Expense Account Balances (After Adjustment) $11,000 4,000 50,000 12,000 5,000 20,000 8,000 59,000 55,000 18,800 17,000 4,000 26,000 24,000 5,200 Utilities Expense Prepare the closing journal entries for Wide Screen. (Credit account titles are automatically indented when amount...
Prepare a corrected trial balance for Howard Company. All accounts should have a balance. (10 pts)...
Prepare a corrected trial balance for Howard Company. All accounts should have a balance. (10 pts) HOWARD COMPANY Trial Balance For the Quarter Ended 3/31/16 Debit $ 13,000 Cash $ 25.000 Accounts Receivable Prepaid insurance 2.500 Equipment 62,000 Accounts Payable 25,000 Unearned Service Revenue 12,000 Notes Payable 25,000 Owner's Capital 40.000 Owner's Drawings 1,500 Service Revenue 40,000 Salaries and Wages Expense 14,000 Utilities Expense 5,000 Rent Expense 10,000 $118.500 $147.500
3. Below is the Adjusted Trial Balance for Bono Furnishing Co. for the fiscal year ending...
3. Below is the Adjusted Trial Balance for Bono Furnishing Co. for the fiscal year ending August 31, 2019. Bono Furnishing Co. Adjusted Trial Balance For the 12 Months Ended August 31, 2019 Credit Debit 80,300 4,500 6,500 900 40,000 General Ledger Account 101-Cash 102-Accounts Receivable 103-Supplies 104-Prepaid Insurance 150-Computer (cost) 151-Accumulated Depreciation 200-Accounts Payable 201-Unearned Revenue 300-Owner's Capital 301-Owner's Drawings 400-Service Revenue 401-Product Revenue 510-Utilities Expense 530-Salaries & Wages Expense 600-Telephone Expense 610-Supplies Expense 1,700 3,000 65,000 75,000 3,000...
3. Below is the Adjusted Trial Balance for Bono Furnishing Co. for the fiscal year ending...
3. Below is the Adjusted Trial Balance for Bono Furnishing Co. for the fiscal year ending August 31, 2019. Bono Furnishing Co. Adjusted Trial Balance For the 12 Months Ended August 31, 2019 Credit Debit 80,300 4,500 6,500 900 40,000 General Ledger Account 101-Cash 102-Accounts Receivable 103-Supplies 104-Prepaid Insurance 150-Computer (cost) 151-Accumulated Depreciation 200-Accounts Payable 201-Unearned Revenue 300-Owner's Capital 301-Owner's Drawings 400-Service Revenue 401-Product Revenue 510-Utilities Expense 530-Salaries & Wages Expense 600-Telephone Expense 610-Supplies Expense 1,700 3,000 65,000 75,000 3,000...
estion 1 (20 points) - if you need additonal space, use page 3 De adjusted account balances of the Wellness Center at July 31 are as follows: Account Balances $ 16,000 15,000 4,000 8,000 Account Balances $107.000 8,500 25,000 6,000 40,000 8,000 13,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated Depreciation- Buildings Accounts Payable Owner's Capital Owner's Drawings 300,000 120,000 19,000...
9. At March 31, account balances after adjustments for Wide Screen are as follows: Account Balances (After Adjustment) Accounts Cash $ 11,000 Supplies 4,000 Equipment 50,000 Accumulated Depreciation-Equipment 12,000 Accounts Payable 5,000 Owner's, Capital 20,000 Owner's, Drawings 8,000 Ticket Revenue 59,000 Service Revenue Advertising Expense 55,000 Supplies Expense 18,800 Depreciation Expense 17,000 Rent Expense 4,000 Salaries and Wages Expense 26,000 Utilities Expense 24,000 5,200 Instructions Prepare the closing journal entries for Wide Screen. (20 pts) 10
Syner-T Company Adjusted Trial Balance Year ending December 31, 2016 Balances 17,000 22,800 26,000 21,200 35,000 104,000 11,000 12,000 Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Mortgage payable, due 12/15/21 Note payable, due 6/30/17 Prepaid insurance (12-month policy) Rent expense Salaries and wages expense Service revenue Supplies Supplies expense Equipment Unearned revenue 3,800 30,000 36,000 7,200 16,000 32,000 135,000 5,000 6,000 210,000 2,000 Classify and present the...
. UHTUWIIIg selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office rent of $840. 3. Performed consulting services and billed a client $5,200. 4. Bo Halladay withdrew $750 cash for personal use. Journalize each transaction. Question 4 (10 points) The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $7,642. Prepaid Insurance $1,968. Accounts Payable $8,396. Maintenance and Repairs Expense $961. Cash $ ? Service Revenue...
The accounting record of ABC Consulting at December 31, 2019 shows the following accounting balances at year end: Accounts Dr. $$ Cr. $$ Cash 19,000 Service revenue 113,000 Accounts receivable 25,000 Supplies 4,000 Depreciation expense 27,000 Insurance expense 6,000 Building 120,000 Equipment 100,000 Salary expense 30,000 Supplies expense 9,000 Utilities expense 12,000 Accounts payable 19,000 Utilities payable 12,000 Bank Loan (5 years) 40,000 Unearned Service Revenue 13,000 Owner's capital 170,000 Owner's drawings 15,000 Total 367,000 367,000 170,000 Required: Owner's capital...
Exercise 194 At March 31, account balances after adjustments for Wide Screen are as follows: Accounts Cash Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Owner's, Capital Owner's, Drawings Ticket Revenue Service Revenue Advertising Expense Supplies Expense Depreciation Expense Rent Expense Salaries and Wages Expense Account Balances (After Adjustment) $11,000 4,000 50,000 12,000 5,000 20,000 8,000 59,000 55,000 18,800 17,000 4,000 26,000 24,000 5,200 Utilities Expense Prepare the closing journal entries for Wide Screen. (Credit account titles are automatically indented when amount...
Prepare a corrected trial balance for Howard Company. All accounts should have a balance. (10 pts) HOWARD COMPANY Trial Balance For the Quarter Ended 3/31/16 Debit $ 13,000 Cash $ 25.000 Accounts Receivable Prepaid insurance 2.500 Equipment 62,000 Accounts Payable 25,000 Unearned Service Revenue 12,000 Notes Payable 25,000 Owner's Capital 40.000 Owner's Drawings 1,500 Service Revenue 40,000 Salaries and Wages Expense 14,000 Utilities Expense 5,000 Rent Expense 10,000 $118.500 $147.500
3. Below is the Adjusted Trial Balance for Bono Furnishing Co. for the fiscal year ending August 31, 2019. Bono Furnishing Co. Adjusted Trial Balance For the 12 Months Ended August 31, 2019 Credit Debit 80,300 4,500 6,500 900 40,000 General Ledger Account 101-Cash 102-Accounts Receivable 103-Supplies 104-Prepaid Insurance 150-Computer (cost) 151-Accumulated Depreciation 200-Accounts Payable 201-Unearned Revenue 300-Owner's Capital 301-Owner's Drawings 400-Service Revenue 401-Product Revenue 510-Utilities Expense 530-Salaries & Wages Expense 600-Telephone Expense 610-Supplies Expense 1,700 3,000 65,000 75,000 3,000...
3. Below is the Adjusted Trial Balance for Bono Furnishing Co. for the fiscal year ending August 31, 2019. Bono Furnishing Co. Adjusted Trial Balance For the 12 Months Ended August 31, 2019 Credit Debit 80,300 4,500 6,500 900 40,000 General Ledger Account 101-Cash 102-Accounts Receivable 103-Supplies 104-Prepaid Insurance 150-Computer (cost) 151-Accumulated Depreciation 200-Accounts Payable 201-Unearned Revenue 300-Owner's Capital 301-Owner's Drawings 400-Service Revenue 401-Product Revenue 510-Utilities Expense 530-Salaries & Wages Expense 600-Telephone Expense 610-Supplies Expense 1,700 3,000 65,000 75,000 3,000...
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