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Homework Answers
| Retained earnings | |||
| 11/1 Bal | 7,700 | ||
| 11/30 I/S (income summary) | 3,499 | ||
| 11/30 Bal. | 11,199 | ||
| Service revenue | |||
| 11/22 | 2,530 | ||
| 11/29 | 770 | ||
| Close | 7,728 | Adj. | 4,428 |
| 11/30 Bal. | 0 | ||
| Depreciation Expense | |||
| Adj. | 275 | Close | 275 |
| 11/30 Bal. | 0 | ||
| Supplies expense | |||
| Adj. | 1,056 | Close | 1,056 |
| 11/30 Bal. | 0 | ||
| Salaries and Wages expense | |||
| 11/8 | 2,035 | ||
| 11/29 | 1,430 | ||
| Adj. | 550 | Close | 4,015 |
| 11/30 Bal. | 0 | ||
| Rent Expense | |||
| 11/29 | 412 | Close | 412 |
| 11/30 Bal. | 0 | ||
| Sales Revenue | |||
| Close | 6,050 | 11/12 | 6,050 |
| 11/30 Bal. | 0 | ||
| Cost of goods sold | |||
| 11/12 | 4,400 | Close | 4,400 |
| 11/30 Bal. | 0 | ||
| Sales Discounts | |||
| 11/19 | 121 | Close | 121 |
| 11/30 Bal. | 0 | ||
| Income Summary | |||
| 11/30 | 10279 | 11/30 | 13778 |
| 11/30 R/E Retained earnings | 3499 | ||
| 11/30 Bal. | 0 | ||
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Please help me figure out, what's wrong with my answer? Thank
You!
Journalize the closing entries....
Is my answer correct? Please help me figure out that choose 11/30, 11/30 Bal or close...
Is my answer correct? Please help me figure out that choose
11/30, 11/30 Bal or close
Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Service Revenue 7728 Sales Revenue 6050 Income Summary 13778 (To close revenue accounts and other accounts with credit...
Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do...
Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Credit Debit 7728 Nov. 30 Service Revenue Sales Revenue 6050 Income Summary 13778 (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary 10279 Sales Discounts 121 Cost of Goods Sold 4400 Rent Expense...
(9) Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered....
(9) Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Service Revenue 7728 Sales Revenue 6050 13778 Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary 10279 Sales Discounts 121 Cost of Goods Sold 4400 Rent...
Prepare an adjusted trial balance at November 30. SHAMROCK Adjusted Trial Balance November 30, 2022 Debit...
Prepare an adjusted trial balance at November 30. SHAMROCK Adjusted Trial Balance November 30, 2022 Debit Credit Cash 3844 Accounts Receivable 1144 Inventory 3901 Supplies 1760 Equipment 33000 Accumulated Depreciation-Equipment 1375 Accounts Payable 7810 Unearned Service Revenue 715 Salaries and Wages Payable 550 Common Stock 22000 Retained Earnings 7700 Service Revenue 7728 Depreciation Expense 275 Supplies Expense 1056 Salaries and Wages Expense 4015 Rent Expense 412 Sales Revenue 6050 Cost of Goods Sold 4400 Sales Discounts 121 Totals 53928 53928...
Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of...
Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 service revenue Balance Debit Credit Account Title Todore Revenue 17,800 Accounts Receivable 9,800 Accounts and Explanation Debit Credit Office Supplies 200 Prepaid Rent 11.000 Furniture 20,700 Accumulated Depreciation Furniture 7.100 Accounts Payable 2.300 Salaries Payable 500 Interest Payable 300 Urearned Revenue 5.900 03/31/20 Chapter 5 Warm Up tungraded...
Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is...
Journalize the closing entries at April 30. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Pina Colada Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 7,900 2,000 22,800 5,000 5,600 4,800 22,740 7,010 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,200; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. W no entry is...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access to all activities and can proceed to prove your mastery. You can attempt this as many times as you want. Your work will be saved as you work through each part. Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Date Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016...
1 Cash is a temporary account and it should be zero after all closing entries have...
1 Cash is a temporary account and it should be zero after all closing entries have been posted. True False 2 The accounting cycle begins at the start of a new accounting period. True False 3 Crane Company has the following year-end account balances on November 30, 2017: Service Revenue $37,000; Insurance Expense $2,700; Rent Expense $8,000; Supplies Expense $1,350; L. Wilfrid, Capital $42,000; and L. Wilfrid, Drawings $28,000. Prepare the closing entries. (Credit account titles are automatically indented when...
I need assistance journalizing the closing entries. Please provide how to arrived at the answers. Thank...
I need assistance journalizing the closing entries. Please
provide how to arrived at the answers. Thank you.
On November 1, 2022, Teal Mountain had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $13,500 3,360 1,290 37,500 $55,650 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $1,500 5,100 6,000 2,550 30,000 10,500 $55,650 During November, the following summary transactions were completed. Nov. 8 Paid...
Is my answer correct? Please help me figure out that choose
11/30, 11/30 Bal or close
Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Service Revenue 7728 Sales Revenue 6050 Income Summary 13778 (To close revenue accounts and other accounts with credit...
Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Credit Debit 7728 Nov. 30 Service Revenue Sales Revenue 6050 Income Summary 13778 (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary 10279 Sales Discounts 121 Cost of Goods Sold 4400 Rent Expense...
(9) Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Service Revenue 7728 Sales Revenue 6050 13778 Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary 10279 Sales Discounts 121 Cost of Goods Sold 4400 Rent...
Prepare an adjusted trial balance at November 30. SHAMROCK Adjusted Trial Balance November 30, 2022 Debit Credit Cash 3844 Accounts Receivable 1144 Inventory 3901 Supplies 1760 Equipment 33000 Accumulated Depreciation-Equipment 1375 Accounts Payable 7810 Unearned Service Revenue 715 Salaries and Wages Payable 550 Common Stock 22000 Retained Earnings 7700 Service Revenue 7728 Depreciation Expense 275 Supplies Expense 1056 Salaries and Wages Expense 4015 Rent Expense 412 Sales Revenue 6050 Cost of Goods Sold 4400 Sales Discounts 121 Totals 53928 53928...
Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 service revenue Balance Debit Credit Account Title Todore Revenue 17,800 Accounts Receivable 9,800 Accounts and Explanation Debit Credit Office Supplies 200 Prepaid Rent 11.000 Furniture 20,700 Accumulated Depreciation Furniture 7.100 Accounts Payable 2.300 Salaries Payable 500 Interest Payable 300 Urearned Revenue 5.900 03/31/20 Chapter 5 Warm Up tungraded...
Journalize the closing entries at April 30. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Pina Colada Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 7,900 2,000 22,800 5,000 5,600 4,800 22,740 7,010 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,200; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. W no entry is...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access to all activities and can proceed to prove your mastery. You can attempt this as many times as you want. Your work will be saved as you work through each part. Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Date Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016...
I need assistance journalizing the closing entries. Please
provide how to arrived at the answers. Thank you.
On November 1, 2022, Teal Mountain had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $13,500 3,360 1,290 37,500 $55,650 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $1,500 5,100 6,000 2,550 30,000 10,500 $55,650 During November, the following summary transactions were completed. Nov. 8 Paid...
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