Unadjusted Trial balance as on 31st Aug 2019 | ||
Debit | Credit | |
Cash (29000-1200-1500-700-2900+21500+380-4200-6000-550) | 33,830 | |
Capital (29000+21000) | 50,000 | |
Photo/Video Equipment | 21,000 | |
Office Equipment | 4,000 | |
Accounts Payable | 4,000 | |
Rent Expenses | 1,200 | |
Office Supplies | 1,500 | |
Drawings (700+6000) | 6,700 | |
Prepaid Insurance (2900-161) | 2,739 | |
Insurance Expenses (2900/360*20) | 161 | |
Salaries and Wages Expenses | 4,200 | |
Salaries and Wages Payable | - | |
Unearned Revenue | 21,880 | |
Sales Revenue | 6,700 | |
Accounts Receivable | 6,700 | |
Repair Expenses | 550 | |
Utility Expenses | 95 | |
Utility Payable | 95 | |
82,675 | 82,675 |
Notes: 1. Assumed 360 days in year for prepaid insurance expenses amortization.
unajusted trial balance olination you need to prepare your responsibility to use your kn the relevant...
need adjusted trial balance Mnancial Information for August Thanks so much again for helping me out, I don't have any ide prepare those confusing financial statements. All I know is that it ve any idea how to "keep the books" and know is that my bank wants them! I wrote down everything I did in August, since I wasn't August 1: 1: 2: 10: 12: 18: 1 August, since I wasn't sure what you would need, so here it is:...
unajusted trial balance financial accounting Required information The following information applies to the questions displayed below) Alison and Chuck Renny began operations of their furniture repair shop (Lary Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows famounts are rounded to thousands of dollars to simplify Account Titles Debit Credit Accounts Receivable Supplies Equipment Acculated Depreciation Software A nalated Amortization Accounts Payable otes Payable long-term Salaries and...
I can't figure out adjusting journal entries and T acct Transaction List Sept. 1Purchased new office furniture of S6,000 by signing a one-year note payable with vendor. The stated interest rate is 10%. 2 Purchased 30 units of the new coffee table books from supplier, Art Image, on account for $14.50 each. Credit terms are 2/10, 1/30. Shipping terms are FOB Destination. Freight charges on this order amount to $35. 3 Was granted allowance from Art Image for 2 defective...
PLZ DON'T USE HANDWRITING, TYPE OUT THE ANSWER. THANK YOU 1. Complete the unadjusted trial balance in good form as of August 31, 2020 (make sure you have headers and totals). Plz, type the answer thanks a lot. The following is a list of transactions that have occurred during the month of August. Date- August 12 August 14 August 2- August 2- August 3- August 4- August 52 August 10- August 15+ August 18+ August 22 August 28- August 312...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit Credit Cash $6,000 Prepaid insurance 3,200 Supplies 1.750 Land 19,500 Buildings 141,000 Accumulated depreciation-buildings $20,304 Equipment 14,000 Accumulated depreciation-equipment 3,780 Accounts payable 4,200 Unearned rent revenue Notes payable 76,000 Common shares 80.900 Retained earnings 4,750 Dividends 5,300 Rent revenue 67,000 Salaries and wages expense 44,304 Insurance expense 11,200 Interest expense 3,800 Utilities expense Repairs and maintenance expense 3,480 $261.134 $261,134 4,200 7,600 Additional information:...
Trial balance for Indigo Corporation on August 31 is follows: Trial Balance August 31, 2020 Debit Credit Cash $6,000 Prepaid insurance 3,200 Supplies 1.750 Land 19,500 Buildings 141,000 Accumulated depreciation-buildings $20,304 Equipment 14,000 Accumulated depreciation-equipment 3,780 Accounts payable 4,200 Unearned rent revenue Notes payable 76,000 Common shares 80.900 Retained earnings 4,750 Dividends 5,300 Rent revenue 67,000 Salaries and wages expense 44,304 Insurance expense 11,200 Interest expense 3,800 Utilities expense Repairs and maintenance expense 3,480 $261.134 $261,134 4,200 7,600 Additional information:...
please provide journal entries, T-accounts, unajusted trial Balance, adjusted Entries. Thank you Transaction Entries, Posting. Trial Balance, and Adjusting Entries Huang Karate School began business on June 1. Transactions for June are as follows: 1 Po Huang contributed his personal funds in exchange for common stock to begin the business $10,000 2 Purchased equipment for a total of 54,750 Paid cash of $750, with the balance due in 30 days. 3 Paid 6 months' rent. $6,450 4 Paid one-year premium...
The trial balance for Novak Corp. on August 31 is as follows: Novak Corp. Trial Balance August 31, 2020 Debit Credit $6,900 3,000 1,950 21,300 141,000 $20,304 12,000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends 3,240 4,400 4,600 78,000 81,000 4,250 4,850 71,000 49,314 Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 10,500 3,900 8,300...
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I will rate and I need fresh answer. On August 31, the balance sheet of Donahue Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. During September, the following transactions occurred. 1. Paid $2,900 cash for accounts payable due. 2. Collected $1,300 of accounts receivable. 3. Purchased additional office equipment for $2,100, paying $800 in cash and the balance on account. 4. Earned revenue of $7,300, of...