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ne accounts of Taylor Electronics Company are listed alone with their adjusted balances before closing for the month ended June 30, 2019. Prepare the POST-CLOSE TRIAL BALANCE. Prepaid Expenses Inventory Note Payable, Long-Term Salary Payable Supplies Expense Utilities Expense Sales Revenue Rent Expense Supplies Unearned Sales Revenue $ 8,200 39,000 46,000 2,700 2,500 7,500 350,000 38,000 6,000 13.800 Accounts payable Accounts receivable Accumulated depreciation Taylor, Capital, June 1 Taylor, Owner Withdrawals Cash Cost of Goods Sold Equipment Salaries Expense Notes...
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Part B: Financial Statements The accounts of Ashton Appliances Company are listed along with their adjusted balances before cdosing for the month ended June 30, 2019. Prepaid Expenses 16,700 Accounts payable 2,400 33,600 Inventory Note payable, longterm Accounts receivable 39.000 37,700 Accumulated depreciation 46,000 54.100 Salary payable Taylor, Capital, June 1 2,700 20.000 Supplies Expense Ulities Expense Taylor, Drawing 2,500 8.000 Cash 7,500 170.000 Sales revense Cost of poods sold 350,000 135,200 Rent Expense Equipment 38,000 60.000 Supplies Salaries Expense...
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ercise 3-Part 2: Closing Journal Entries Listed below in random order are selected accounts from the adjusted trial balance of the Cherokee Company at June 30 (the end of the fiscal year) 30 500 Dividends Payable Common Stock Retained Eanings (6/1) Sales Rent Expense Rent Receivable Rent Payable Rent Revenue Prepaid Rent Unearned (deferred) Rent Revenue Cost of Goods Sold Advertising Expense Wages Expense Dividends Cash Accounts Receivable Accounts Payable 20 50 12 550 30 40 300 200 100 the...
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prepare closing entries at June 30, 2020
Carla Vista Company had the following adjusted trial balance. Carla Vista Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3.530 Accounts Receivable 4.000 Supplies 570 Accounts Payable $1.700 180 Unearned Service Revenue Owner's Capital 5.050 Owner's Drawings 5.040 Service Revenue Salaries and Wages Expense Miscellaneous Expense 1.200 O Supplies Expense Salaries and Wages Payable 600 $12.570 $12.570 arch o e a Prepare...
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Interest Expense Miscellaneous Expense 1,000 600 $346,300 $346,300 Prepare the closing journal entries at the end of the fiscal year, June m 4-2 e income statement ent of retained gs, classified balance closing entries, and losing trial balance 3-5,7) Credits $ 12,500 15.000 The adjusted trial balance for Denver Architects, Inc., follows. DENVER ARCHITECTS, INC. Adjusted Trial Balance December 31, 2018 Debits $ 90,000 Cash 20,000 Accounts Receivable 200 Interest Receivable 4.000 Notes Receivable 960 Prepaid Insurance 2.400 Prepaid Rent...
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Prepare the closing journal entries. Assume the company
uses the income summary account (do not post)
SPORTS RUS Retained Earnings Statement For Month Ended June 30.2019 Beginning Retained Earnings, $ 35,500 Add: Net Income $ 7.850 Subtotal Less: Dividends declared $ 2.500 Ending Retained Earnings $ 40,850 $ 43,350 SPORTS RUS Income Statement For Month Ended June 30.2019 Revenues: Service Revenue $ 24.250 Sales Revenue $ 13.500 Total Revenues $ 37,750 Operating Expenses: Cost of goods sold $ 9,200 Rent...
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8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Len's Laundry below. A partial work sheet for the month ended April 30 of the current year is shown below. BALANCE SHEET Cash a Accounts Recelvable-Natasha Goodlad - Accounts RecelvableR Henry " Supplies 760700 49800 43100 20000 Prepaid Insurance . Accounts Payable-Tri-County Supplies ' Accounts Payable West End Supply Co. -- tt-t- 38100 55500 6 52700 Leonard Long, Capital Leonard Long, Drawing , 1...
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list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
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Use the trial balance below to record all of the required closing entries for Pinkman Enterprises. Only entries made in good form will receive full points. HINT: This will Involve four journal entries, Pinkman Enterprises, Inc. Adjusted Trial Balance 4/30/19 Account Debit Credit Cash 162.200 Accounts Receivable 232,900 Supplies 1.800 Service Vehicles 145.000 Accumulated Depreciation 24,700 Accounts Payable 4.100 Utilities Payable 2.350 Salaries Payable 7.800 Unearned Revenue 39.000 Notes Payable 180.000 Common Stock 200,000 Retained Earnings 24,600 Dividends 500 Service...
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Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries...
ne accounts of Taylor Electronics Company are listed alone with their adjusted balances before closing for the month ended June 30, 2019. Prepare the POST-CLOSE TRIAL BALANCE. Prepaid Expenses Inventory Note Payable, Long-Term Salary Payable Supplies Expense Utilities Expense Sales Revenue Rent Expense Supplies Unearned Sales Revenue $ 8,200 39,000 46,000 2,700 2,500 7,500 350,000 38,000 6,000 13.800 Accounts payable Accounts receivable Accumulated depreciation Taylor, Capital, June 1 Taylor, Owner Withdrawals Cash Cost of Goods Sold Equipment Salaries Expense Notes...
Part B: Financial Statements The accounts of Ashton Appliances Company are listed along with their adjusted balances before cdosing for the month ended June 30, 2019. Prepaid Expenses 16,700 Accounts payable 2,400 33,600 Inventory Note payable, longterm Accounts receivable 39.000 37,700 Accumulated depreciation 46,000 54.100 Salary payable Taylor, Capital, June 1 2,700 20.000 Supplies Expense Ulities Expense Taylor, Drawing 2,500 8.000 Cash 7,500 170.000 Sales revense Cost of poods sold 350,000 135,200 Rent Expense Equipment 38,000 60.000 Supplies Salaries Expense...
ercise 3-Part 2: Closing Journal Entries Listed below in random order are selected accounts from the adjusted trial balance of the Cherokee Company at June 30 (the end of the fiscal year) 30 500 Dividends Payable Common Stock Retained Eanings (6/1) Sales Rent Expense Rent Receivable Rent Payable Rent Revenue Prepaid Rent Unearned (deferred) Rent Revenue Cost of Goods Sold Advertising Expense Wages Expense Dividends Cash Accounts Receivable Accounts Payable 20 50 12 550 30 40 300 200 100 the...
prepare closing entries at June 30, 2020
Carla Vista Company had the following adjusted trial balance. Carla Vista Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3.530 Accounts Receivable 4.000 Supplies 570 Accounts Payable $1.700 180 Unearned Service Revenue Owner's Capital 5.050 Owner's Drawings 5.040 Service Revenue Salaries and Wages Expense Miscellaneous Expense 1.200 O Supplies Expense Salaries and Wages Payable 600 $12.570 $12.570 arch o e a Prepare...
Interest Expense Miscellaneous Expense 1,000 600 $346,300 $346,300 Prepare the closing journal entries at the end of the fiscal year, June m 4-2 e income statement ent of retained gs, classified balance closing entries, and losing trial balance 3-5,7) Credits $ 12,500 15.000 The adjusted trial balance for Denver Architects, Inc., follows. DENVER ARCHITECTS, INC. Adjusted Trial Balance December 31, 2018 Debits $ 90,000 Cash 20,000 Accounts Receivable 200 Interest Receivable 4.000 Notes Receivable 960 Prepaid Insurance 2.400 Prepaid Rent...
Prepare the closing journal entries. Assume the company
uses the income summary account (do not post)
SPORTS RUS Retained Earnings Statement For Month Ended June 30.2019 Beginning Retained Earnings, $ 35,500 Add: Net Income $ 7.850 Subtotal Less: Dividends declared $ 2.500 Ending Retained Earnings $ 40,850 $ 43,350 SPORTS RUS Income Statement For Month Ended June 30.2019 Revenues: Service Revenue $ 24.250 Sales Revenue $ 13.500 Total Revenues $ 37,750 Operating Expenses: Cost of goods sold $ 9,200 Rent...
8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Len's Laundry below. A partial work sheet for the month ended April 30 of the current year is shown below. BALANCE SHEET Cash a Accounts Recelvable-Natasha Goodlad - Accounts RecelvableR Henry " Supplies 760700 49800 43100 20000 Prepaid Insurance . Accounts Payable-Tri-County Supplies ' Accounts Payable West End Supply Co. -- tt-t- 38100 55500 6 52700 Leonard Long, Capital Leonard Long, Drawing , 1...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
Use the trial balance below to record all of the required closing entries for Pinkman Enterprises. Only entries made in good form will receive full points. HINT: This will Involve four journal entries, Pinkman Enterprises, Inc. Adjusted Trial Balance 4/30/19 Account Debit Credit Cash 162.200 Accounts Receivable 232,900 Supplies 1.800 Service Vehicles 145.000 Accumulated Depreciation 24,700 Accounts Payable 4.100 Utilities Payable 2.350 Salaries Payable 7.800 Unearned Revenue 39.000 Notes Payable 180.000 Common Stock 200,000 Retained Earnings 24,600 Dividends 500 Service...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries...