Homework Answers
1.
| Cash | |||
| Bal. | 11,000 | ||
| Laundry Supplies | |||
| Bal. | 21,500 | Adj. | 17,900 |
| Adj. bal. | 3,600 | ||
| Prepaid Insurance | |||
| Bal. | 9,600 | Adj. | 5,700 |
| Adj. bal. | 3,900 | ||
| Laundry Equipment | |||
| Bal. | 232,600 | ||
| 232,600 | |||
| Accumulated Depreciation | |||
| Bal. | 125,400 | ||
| Adj. | 6,500 | ||
| Adj. bal. | 131,900 | ||
| Accounts Payable | |||
| Bal. | 11,800 | ||
| 11,800 | |||
| Wages Payable | |||
| Bal. | 0 | ||
| Adj. | 1,100 | ||
| Adj. bal. | 1,100 | ||
| Sophie Perez, Capital | |||
| Bal. | 105,600 | ||
| 105,600 | |||
| Sophie Perez, Drawing | |||
| Bal. | 10,000 | ||
| Laundry Revenue | |||
| Bal. | 232,200 | ||
| Wages Expense | |||
| Bal. | 125,200 | ||
| Adj. | 1,100 | ||
| Adj. bal. | 126,300 | ||
| Rent Expense | |||
| Bal. | 40,000 | ||
| 40,000 | |||
| Utilities Expense | |||
| Bal. | 19,700 | ||
| 19,700 | |||
| Laundry Supplies Expense | |||
| Bal. | 0 | ||
| Adj. | 17,900 | ||
| Adj. bal. | 17,900 | ||
| Depreciation Expense | |||
| Bal. | 0 | ||
| Adj. | 6,500 | ||
| Adj. bal. | 6,500 | ||
| Insurance Expense | |||
| Bal. | 0 | ||
| Adj. | 5,700 | ||
| Adj. bal. | 5,700 | ||
| Miscellaneous Expense | |||
| Bal. | 5,400 | ||
| 5,400 | |||
3.
| Adjusting Entries | |||
| Date | Description | Debit | Credit |
| $ | $ | ||
| June 30, 2019 | Laundry Supplies Expense | 17,900 | |
| Laundry Supplies | 17,900 | ||
| June 30, 2019 | Insurance Expense | 5,700 | |
| Prepaid Insurance | 5,700 | ||
| June 30, 2019 | Depreciation Expense | 6,500 | |
| Accumulated Depreciation | 6,500 | ||
| June 30, 2019 | Wages Expense | 1,100 | |
| Wages Payable | 1,100 | ||
4.
| Epicenter
Laundry Adjusted Trial Balance June 30, 2019 |
||
| Account Title | Debit | Credit |
| $ | $ | |
| Cash | 11,000 | |
| Laundry Supplies | 3,600 | |
| Prepaid Insurance | 3,900 | |
| Laundry Equipment | 232,600 | |
| Accumulated Depreciation | 131,900 | |
| Accounts Payable | 11,800 | |
| Wages Payable | 1,100 | |
| Sophie Perez, Capital | 105,600 | |
| Sophie Perez, Drawing | 10,000 | |
| Laundry Revenue | 232,200 | |
| Wages Expense | 126,300 | |
| Rent Expense | 40,000 | |
| Utilities Expense | 19,700 | |
| Laundry Supplies Expense | 17,900 | |
| Depreciation Expense | 6,500 | |
| Insurance Expense | 5,700 | |
| Miscellaneous Expense | 5,400 | |
| Totals | $ 482,600 | $ 482,600 |
Add Answer to:
Instructions The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the...
The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal...
The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 11,000.00 2 Laundry Supplies 21,500.00 3 Prepaid Insurance 9,600.00 4 Laundry Equipment 232,600.00 5 Accumulated Depreciation 125,400.00 6 Accounts Payable 11,800.00 7 Sophie Perez, Capital 105,600.00 8 Sophie Perez, Drawing 10,000.00 9 Laundry Revenue 232,200.00 10 Wages Expense 125,200.00 11 Rent Expense 40,000.00 12 Utilities Expense 19,700.00 13...
The unadjusted trial balance of Epicenter Laundry is included on end-of-year spreadsheet for the fiscal year...
The unadjusted trial balance of Epicenter Laundry is included on end-of-year spreadsheet for the fiscal year that ended June 30,2019 The data needed to determine year end adjustments are as follows: a. Laundry supplies on hand at June 30, 2019 $3,600. b. Insurance premiums expired at June 30, 2019 $5,700. c. Depreciation of laundry equipment during the year $6,500. d. Wages accrued but not paid ay June 30 $ 1,100. Instructions: 1. Complete the end-of-year spreadsheet for Epicenter Laundry. 2....
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The unadjusted trial balance of Epicenter Laundry is included on end-of-year spreadsheet for the fiscal year that ended June 30,2019 The data needed to determine year end adjustments are as follows: a. Laundry supplies on hand at June 30, 2019 $3,600. b. Insurance premiums expired at June 30, 2019 $5,700. c. Depreciation of laundry equipment during the year $6,500. d. Wages accrued but not paid ay June 30 $ 1,100. Instructions: 1. Complete the end-of-year spreadsheet for Epicenter Laundry. 2....
The unadjusted trial balance of Epicenter Laundry at June 30, 2016, the end of the flocal year follows: Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 2016 ACCOUNT TITLE 1 Cash Laundry Supplies Prepaid Insurance Laundry Equipment Accumulated Depreciation 125.000.00 Accounts Payable 21.30 Common Stock 4 00.00 55720000 Instructions 9 Dividends 5,000.00 10 Laundry Revenue 232,200.00 125,200.00 11 Wages Expense 12 Rent Expense 40,000.00 13 Utilities Expense 19,700.00 14 Miscellaneous Expense 5,400.00 15 Totals 475,000.00 475,000.00 The data needed to determine...
PR 4-3A T accounts, adjusting entries, financial statements, and OBJ. 2,3 closing entries; optional end-of-period spreadsheet The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry Unadjusted Trial Balance June 30, 2019 Debit Credit Balances Balances Cash.......... 11,000 Laundry Supplies ............ 21,500 Prepaid Insurance............ 9,600 Laundry Equipment............ 232,600 125,400 Accumulated Depreciation ....... 11,800 Accounts Payable.......... 105,600 Sophie Perez, Capital. 10,000 Sophie Perez, Drawing ........ 232,200 Laundry Revenue ............. 125,200 Wages...
Credit PR 4-3A T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet OBJ. 2,3 The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry Unadjusted Trial Balance June 30, 2019 Debit Balances Balances Cash....... 11,000 Laundry Supplies ............. 21,500 Prepaid Insurance............. 9,600 Laundry Equipment........... 232,600 125,400 Accumulated Depreciation ....... 11,800 Accounts Payable.......... 105,600 Sophie Perez, Capital.... 10,000 Sophie Perez, Drawing.. 232,200 Laundry Revenue .......... 125,200 Wages Expense...............
The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2019 fiscal year. The June 30, 2018, credit balance of the owner's capital account was $57,700, and the owner invested $29,000 cash in the company during the 2019 fiscal year. Credit $ 29,000 6,600 ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2019 NO. Account Title Debit 101 Cash $ 17,000 126 Supplies 9,500 128 Prepaid insurance 5,500 167 Equipment 163,520 168 Accumulated depreciation-Equipment...
The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2019 fiscal year. The June 30, 2018, credit balance of the owner's capital account was $57,600, and the owner invested $25,000 cash in the company during the 2019 fiscal year. No. Credit Debit 17,500 8,500 5,500 143, 350 $ 21,000 5, 800 ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2019 Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated...
The data needed to determine year-end adjustments are as follows: 0 are $3,600. A. Laundry supplies hand at June B. Insurance premiums expired during the year are $5,700. C. Depreciation of laundry equipment during the year is $6,500. D. Wages accrued but not paid at June 30 are $1,100. Required: Note: Download the spreadsheet n the T Accounts panel, saving the Excel file to your computer. Be sure to save your work in Excel. The spreadsheet input will not be...
18 The following unadjusted trial balance is for Ace Construction Caas of the end of its 2019 fiscal year. The June 30, 2018, credit balance of the owner's capital account was $52.500, and the owner invested $28,000 cash in the company during the 2019 fiscal year. 5.38 points Credit Skipeed eBook $ 29,000 5,400 0 ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2019 No Account Title Debit 101 Cash $ 15,000 126 Supplies 7.000 128 Prepaid insurance 6,500 167...
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