Homework Answers
The error is corrected for the transaction on Nov 4 the amount for automobile needs to be adjusted to $14,500, instead of $13,500.00. The purchase for the car is for a total of $15,515.00 including tax.
| Date | Particulars | PR | Debit $ | Credit $ |
| Nov 4 | Automobile | 14,500.00 | ||
| GST recoverable | 1,015,00 | |||
| Bank | 4,000.00 | |||
| A/P - Ace Finance | 11,515.00 | |||
| Purchase of new car for $15,515 Inc tax |
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Find and correct the wrong part
Exercise 1, p. 223 (Workbook Exercise) The exercise below. involving...
find why and where is it wrong and not balanced Shawn L- - Name Date ANSWERS...
find why and where
is it wrong and not balanced
Shawn L- - Name Date ANSWERS TO SECTION 7.2 EXERCISES (cont.) Exercise 1 (cont.) A. Holmes Trial Balance November 15, 20 ACCOUNTS Bank AR-A Boyd Supplies Furniture 28zli Automobile 13 500 Alp-Ace Finance GST Payable GST Recoverable PST Payable A Holmes, Capital Revenue Car Expense Rent Expense Wages Expense 43loll 16 38 9 6 2 84 425
find and correct the wrong part Name Date ANSWERS TO SECTION 7.2 EXERCISES (cont.) Exercise 1...
find and correct the wrong part
Name Date ANSWERS TO SECTION 7.2 EXERCISES (cont.) Exercise 1 (cont.) ACCOUNT Revenue No. 400 PARTICULARS P.R. DEBIT DATE 20 Oct 31 CREDIT DRCR BALANCE Forwarded 400 - 300 - CR CR CR 20 lolog ACCOUNT Car Expense No. 505 P.R. DEBIT CREDIT DR/CR BALANCE DATE PARTICULARS 20- Oct 31 Forwarded Nov. 15 DR DR 29161430 316 4 30 200 ACCOUNT Rent Expense No. 510 DATE PARTICULARS PR DEBIT CREDIT DR/CR BALANCE Forwarded DR...
find and correct the wrong part UTION 1.2 EXERCISES (cont.) Exercise 1 (cont.) GENERAL LEDGER ACCOUNT...
find and correct the wrong part
UTION 1.2 EXERCISES (cont.) Exercise 1 (cont.) GENERAL LEDGER ACCOUNT Bank No. 105 PARTICULARS P.R. DEBIT CREDIT DR/CR BALANCE DATE 20 Oct 31 Nov. 4 Forwarded b . DR 4000 1936 12 048 88 81048 88 71112 88 73 5 7 88 6 608 88 6 3 9 4 88 ACCOUNT A/R - A. Boyd No. 110 DATE PARTICULARS P.R. DEBIT | CREDIT DR CR BALANCE 20 Nov 7 JI2 DR ACCOUNT Supplies No....
Exercise 1, p. 260 Indicate to which column in the work sheet ea mark in the...
Exercise 1, p. 260 Indicate to which column in the work sheet ea mark in the appropriate column. the work sheet each account should be extended by placing a check Account Income Statement Debit Income Statement Credit Balance Sheet Debit Balance Sheet Credit pense Accounts Payable Miscellaneous Expense Revenue Advertising Expense Wages Expense Mortgage Payable Utilities Expense Equipment G. Rojek, Capital Delivery Expense GST Recoverable Bank Loan Accounts Receivable Automobile Bank G. Rojek, Drawings Sales Bank Charges Expense Rent Expense...
Complete the sheet N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT...
Complete the sheet
N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT CREDIT ACCOUNTS Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payoble GST Recoverable PST Payable N. Foreman, Capital N. Foreman, Drawings Fees Revenue Bank Charges Cor Expense Miscellaneous Expense Light and Heat Expense Rent Expense Telephone Expense Woges Expense WORK SHEET TRIAL BALANCE INCOME STATEMENT DEBIT CREDIT DEBIT CREDIT Iz 5020 1537510 1250 - 18500 293 00 88 30 0 0...
Part 1 of 2 Required information Exercise 3-19A Record closing entries and prepare a post-closing trial...
Part 1 of 2 Required information Exercise 3-19A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) [The following information applies to the questions displayed below.) points The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit eBook Hint Debit $ 11,100 141,000 5,100 25,500 310,000 Print References Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock...
Exercise 3-4 The following trial balance of Teal Co. does not balance.
Exercise 3-4The following trial balance of Teal Co. does not balance.TEAL CO.TRIAL BALANCEJUNE 30, 2017DebitCreditCash$3,099Accounts Receivable$3,460Supplies1,029Equipment4,029Accounts Payable2,895Unearned Service Revenue1,429Common Stock6,229Retained Earnings3,229Service Revenue2,609Salaries and Wages Expense3,629Office Expense1,169Totals$14,745$18,061Each of the listed accounts should have a normal balance per the
general ledger. An examination of the ledger and journal reveals
the following errors.1.Cash received from a customer on account was debited for $570,
and Accounts Receivable was credited for the same amount. The
actual collection was for $750.2.The purchase of a computer printer...
Item No. Date General journal Debit Credit 1. Jun 30 30 2. 30 3. :36 Present the accounts in th...
Item No. Date General journal Debit Credit 1. Jun 30 30 2. 30 3. :36 Present the accounts in the following order: Assets, Liabilities, Equity, Income and Expenses Roger & Rafa Adjusted Trial Balance as at 30 June 2018 Account Credit M Novak Murray is the sole owner of Roger & Bata, a store that offers tennis racquet stringing service (that involves the use of strings and laboup). The unadjusted trial balance of Roger & Raga as at 30 June...
Mr Novak Murray is the sole owner of Roger & Rafa, a store that offers tennis...
Mr Novak Murray is the sole owner of Roger & Rafa, a store that offers tennis racquet stringing service (that involves the use of strings and labour). The unadjusted trial balance of Roger & Raga as at 30 June 2018 is shown below. The annual reporting period for the business ends 30 June. Roger & Rafa Unadjusted Trial Balance as at 30 June 2018 Account Debit Credit Cash at Bank $18 000 Accounts Receivable 3 200 String Supplies 5 840...
Question Three: Part (A) The bookkeeper of Nancy Ltd. extracted a trail balance on 31 December...
Question Three: Part (A) The bookkeeper of Nancy Ltd. extracted a trail balance on 31 December 2012 which failed to agree by £ 400, a shorta opened to reflect the difference. ge on the credit side of the trial balance. Consequently, a suspense account was In January 2013 the following errors made in 2012 were found: (i) (ii) Til) (iv) (v) Rent account had been undercast by £200. Sales day book has been undercast by £300. Sales of £500 to...
find why and where
is it wrong and not balanced
Shawn L- - Name Date ANSWERS TO SECTION 7.2 EXERCISES (cont.) Exercise 1 (cont.) A. Holmes Trial Balance November 15, 20 ACCOUNTS Bank AR-A Boyd Supplies Furniture 28zli Automobile 13 500 Alp-Ace Finance GST Payable GST Recoverable PST Payable A Holmes, Capital Revenue Car Expense Rent Expense Wages Expense 43loll 16 38 9 6 2 84 425
find and correct the wrong part
Name Date ANSWERS TO SECTION 7.2 EXERCISES (cont.) Exercise 1 (cont.) ACCOUNT Revenue No. 400 PARTICULARS P.R. DEBIT DATE 20 Oct 31 CREDIT DRCR BALANCE Forwarded 400 - 300 - CR CR CR 20 lolog ACCOUNT Car Expense No. 505 P.R. DEBIT CREDIT DR/CR BALANCE DATE PARTICULARS 20- Oct 31 Forwarded Nov. 15 DR DR 29161430 316 4 30 200 ACCOUNT Rent Expense No. 510 DATE PARTICULARS PR DEBIT CREDIT DR/CR BALANCE Forwarded DR...
find and correct the wrong part
UTION 1.2 EXERCISES (cont.) Exercise 1 (cont.) GENERAL LEDGER ACCOUNT Bank No. 105 PARTICULARS P.R. DEBIT CREDIT DR/CR BALANCE DATE 20 Oct 31 Nov. 4 Forwarded b . DR 4000 1936 12 048 88 81048 88 71112 88 73 5 7 88 6 608 88 6 3 9 4 88 ACCOUNT A/R - A. Boyd No. 110 DATE PARTICULARS P.R. DEBIT | CREDIT DR CR BALANCE 20 Nov 7 JI2 DR ACCOUNT Supplies No....
Exercise 1, p. 260 Indicate to which column in the work sheet ea mark in the appropriate column. the work sheet each account should be extended by placing a check Account Income Statement Debit Income Statement Credit Balance Sheet Debit Balance Sheet Credit pense Accounts Payable Miscellaneous Expense Revenue Advertising Expense Wages Expense Mortgage Payable Utilities Expense Equipment G. Rojek, Capital Delivery Expense GST Recoverable Bank Loan Accounts Receivable Automobile Bank G. Rojek, Drawings Sales Bank Charges Expense Rent Expense...
Complete the sheet
N. Foreman and Company Name Month Ended April 30, 20 BALANCE SHEET DEBIT CREDIT ACCOUNTS Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payoble GST Recoverable PST Payable N. Foreman, Capital N. Foreman, Drawings Fees Revenue Bank Charges Cor Expense Miscellaneous Expense Light and Heat Expense Rent Expense Telephone Expense Woges Expense WORK SHEET TRIAL BALANCE INCOME STATEMENT DEBIT CREDIT DEBIT CREDIT Iz 5020 1537510 1250 - 18500 293 00 88 30 0 0...
Part 1 of 2 Required information Exercise 3-19A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) [The following information applies to the questions displayed below.) points The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit eBook Hint Debit $ 11,100 141,000 5,100 25,500 310,000 Print References Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock...
Exercise 3-4The following trial balance of Teal Co. does not balance.TEAL CO.TRIAL BALANCEJUNE 30, 2017DebitCreditCash$3,099Accounts Receivable$3,460Supplies1,029Equipment4,029Accounts Payable2,895Unearned Service Revenue1,429Common Stock6,229Retained Earnings3,229Service Revenue2,609Salaries and Wages Expense3,629Office Expense1,169Totals$14,745$18,061Each of the listed accounts should have a normal balance per the
general ledger. An examination of the ledger and journal reveals
the following errors.1.Cash received from a customer on account was debited for $570,
and Accounts Receivable was credited for the same amount. The
actual collection was for $750.2.The purchase of a computer printer...
Item No. Date General journal Debit Credit 1. Jun 30 30 2. 30 3. :36 Present the accounts in the following order: Assets, Liabilities, Equity, Income and Expenses Roger & Rafa Adjusted Trial Balance as at 30 June 2018 Account Credit M Novak Murray is the sole owner of Roger & Bata, a store that offers tennis racquet stringing service (that involves the use of strings and laboup). The unadjusted trial balance of Roger & Raga as at 30 June...
Question Three: Part (A) The bookkeeper of Nancy Ltd. extracted a trail balance on 31 December 2012 which failed to agree by £ 400, a shorta opened to reflect the difference. ge on the credit side of the trial balance. Consequently, a suspense account was In January 2013 the following errors made in 2012 were found: (i) (ii) Til) (iv) (v) Rent account had been undercast by £200. Sales day book has been undercast by £300. Sales of £500 to...
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