The ledger of Walters Company includes the following unadjusted
balances: Prepaid Insurance $3,000, Service Revenue $60,000, and
Salaries and Wages Expense $25,000. Adjusting entries are required
for (a) expired insurance $1,800, (b) services performed $1,100 are
billed and not yet collected, and (c) accrued salaries payable
$900.
Homework Answers
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The ledger of Walters Company includes the following unadjusted
balances: Prepaid Insurance $3,000, Service Revenue $60,000,...
Prepai BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance...
Prepai BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance €3,000, Service Revenue €61,000, and Salaries and Wages Expense (LO €25,000. Adjusting entries are required for (a) expired insurance €1,300; (b) services per- formed €1,100, but unbilled and uncollected; and (c) accrued salaries payable €800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and...
need help filling out this ledger correctly given the inputs at the top please. Brief Exercise...
need help filling out this ledger correctly given the inputs at the
top please.
Brief Exercise 4-02 The ledger of Ivanhoe Company includes the following unadjusted balances: Prepaid Insurance $4,200, Service Revenue $57,700, and Salaries and Wages Expense $26,700. Adjusting entries are required for (a) expired insurance $1,200, (b) services performed $1,200 are billed and not yet collected, and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts....
Check my work The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent...
Check my work The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,400, Services Revenue $59.600, and Wages Expense $5,400. Adjusting entries are required for (a) prepaid rent expired $400 (b) accrued services revenue $1.300 and ( accrued wages expense $900. Prepare a 10 column worksheet with six rows for the following accounts: Prepaid Rent Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on the work sheet and complete...
partial worksheet
: The ledger of Clayton Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800; (b) services performed $1,100, but unbilled and uncollected; and (c) accrued salaries payable $800.Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and Wages Payable, and Insurance Expense.)Instructions: Prepare partial...
Blum Services has the following unadjusted balances at year-end. Cash $12,900 Prepaid insurance 2,000 Office supplies...
Blum Services has the following unadjusted balances at year-end. Cash $12,900 Prepaid insurance 2,000 Office supplies 1,300 Office equipment 10,500 Accumulated depreciation–office equipment 3,500 Accounts payable 2,900 Salaries payable -0- Unearned service revenue 4,500 A.L.Blum, capital 11,750 A.L.Blum, drawing 5,600 Service revenue 13,350 Salary expense 3,700 Depreciation expense -0- Supplies expense -0- Insurance expense -0- The following information is available to use in making adjusting entries. a. Office supplies on hand at year-end: $250 b. Prepaid insurance expired during the...
I need the answer to this chart. thank you. The ledger of Claudell Company includes the...
I need the answer to this
chart. thank you.
The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $3,000, Services Revenue $75,600, and Wages Expense $7,000. Adjusting entries are required for (a) prepaid rent expired $1,200; (b) accrued services revenue $2,900; and (c) accrued wages expense $1,700. Prepare a 10-column worksheet with six rows for the following accounts: Prepaid Rent, Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes Payable $4,100 Accounts Payable 2,500 Unearned Service Revenue 1,100 Owner's Capital 11,600 Owner's Drawings 700 Service Revenue 10,200 Salaries and Wages Expense 4,300 Rent Expense 900 $29,500 $29,500 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. Expired insurance for the month is $300. 2. Depreciation for the month is $50. 3. Services related to unearned service revenue in...
BRIEF EXERCISES BE4-1 The steps in using a worksheet are presented in random order below. List...
BRIEF EXERCISES BE4-1 The steps in using a worksheet are presented in random order below. List the steps in the proper order by placing numbers 1-5 in the blank spaces. (a) Prepare a trial balance on the worksheet. (b) Enter adjusted balances. Extend adjusted balances to appropriate statement columns. (d) Total the statement columns, compute net income (loss), and complete the worksheet. (e) Enter adjustment data. BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances. Pre...
The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Dependable Delivery Service
contain the following balances on July 31, 2017.
Accounts Receivable
$11,400
Prepaid Insurance
$1,800
Accounts Payable
7,400
Maintenance and Repairs Expense
1,200
Cash
15,940
Service Revenue
15,500
Equipment
59,360
Dividends
800
Gasoline Expense
950
Common Stock
40,000
Insurance Expense
600
Salaries and Wages Expense
8,400
Notes Payable, due 2020
31,450
Salaries and Wages Payable
900
Retained Earnings (July 1, 2017)
5,200
(a)
Prepare an income statement for July 2017.
Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions...
Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Stockholders invested $20,000 cash in the business in exchange for common stock. Purchased used truck for $8,800, paying $4,100 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount owed...
Prepai BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance €3,000, Service Revenue €61,000, and Salaries and Wages Expense (LO €25,000. Adjusting entries are required for (a) expired insurance €1,300; (b) services per- formed €1,100, but unbilled and uncollected; and (c) accrued salaries payable €800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries and...
need help filling out this ledger correctly given the inputs at the
top please.
Brief Exercise 4-02 The ledger of Ivanhoe Company includes the following unadjusted balances: Prepaid Insurance $4,200, Service Revenue $57,700, and Salaries and Wages Expense $26,700. Adjusting entries are required for (a) expired insurance $1,200, (b) services performed $1,200 are billed and not yet collected, and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts....
Check my work The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,400, Services Revenue $59.600, and Wages Expense $5,400. Adjusting entries are required for (a) prepaid rent expired $400 (b) accrued services revenue $1.300 and ( accrued wages expense $900. Prepare a 10 column worksheet with six rows for the following accounts: Prepaid Rent Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on the work sheet and complete...
I need the answer to this
chart. thank you.
The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $3,000, Services Revenue $75,600, and Wages Expense $7,000. Adjusting entries are required for (a) prepaid rent expired $1,200; (b) accrued services revenue $2,900; and (c) accrued wages expense $1,700. Prepare a 10-column worksheet with six rows for the following accounts: Prepaid Rent, Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes Payable $4,100 Accounts Payable 2,500 Unearned Service Revenue 1,100 Owner's Capital 11,600 Owner's Drawings 700 Service Revenue 10,200 Salaries and Wages Expense 4,300 Rent Expense 900 $29,500 $29,500 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. Expired insurance for the month is $300. 2. Depreciation for the month is $50. 3. Services related to unearned service revenue in...
BRIEF EXERCISES BE4-1 The steps in using a worksheet are presented in random order below. List the steps in the proper order by placing numbers 1-5 in the blank spaces. (a) Prepare a trial balance on the worksheet. (b) Enter adjusted balances. Extend adjusted balances to appropriate statement columns. (d) Total the statement columns, compute net income (loss), and complete the worksheet. (e) Enter adjustment data. BE4-2 The ledger of Van Heiden Company, NV includes the following unadjusted balances. Pre...
The accounts in the ledger of Dependable Delivery Service
contain the following balances on July 31, 2017.
Accounts Receivable
$11,400
Prepaid Insurance
$1,800
Accounts Payable
7,400
Maintenance and Repairs Expense
1,200
Cash
15,940
Service Revenue
15,500
Equipment
59,360
Dividends
800
Gasoline Expense
950
Common Stock
40,000
Insurance Expense
600
Salaries and Wages Expense
8,400
Notes Payable, due 2020
31,450
Salaries and Wages Payable
900
Retained Earnings (July 1, 2017)
5,200
(a)
Prepare an income statement for July 2017.
Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Stockholders invested $20,000 cash in the business in exchange for common stock. Purchased used truck for $8,800, paying $4,100 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount owed...
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