Homework Answers
Adjusting entry
| No | Account title and explanation | Debit | Credit |
| 1 | Insurance expense | 330 | |
| Prepaid insurance | 330 | ||
| 2 | Supplies expense (2820-955) | 1865 | |
| Supplies | 1865 | ||
| 3 | Depreciation expense | 170 | |
| Accumulated depreciation-equipment | 170 | ||
| 4 | Unearned service revenue (11600*2/5) | 4640 | |
| Service revenue | 4640 | ||
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Supplies Prepaid Insurance Equipment Unearned Service Revenue 2.640 25,500 An analysis of the accounts shows the...
Current Attempt in Progress The ledger of Windsor, Inc. on March 31, 2017, includes the following...
Current Attempt in Progress The ledger of Windsor, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Credit Debit Supplies 2,820 Prepaid Insurance 2,640 25,500 Equipment Unearned Service Revenue 11,600 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $330 per month. 2. Supplies on hand total $955. 3. The equipment depreciates $170 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
S The ledger of Lafayette, SA on March cludes the following selected accounts before adjusting entries....
S The ledger of Lafayette, SA on March cludes the following selected accounts before adjusting entries. Debit Credit 2,657 Prepaid Insurance Supplies Equipment Unearned Service Revenue 9,800 An analysis of the accounts shows the following. 1. Insurance expires at the rate of CHF2.0 per month. 2. Supplies on hand total CHF1,150. 3. The equipment depreciates CHF472 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March....
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,700 25.000 10.800 61,000 0 18.000 An analysis of the accounts shows the following. The equipment depreciates $300 per month 2 One-third of the uneared rent revenue was earned during the quarter 3. Interest totaling $625 is accrued on the notes payable for the quarter 4. Supplies on hand total 5680. Insurance expires...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit 4,100 Supplies Prepaid Insurance 2.240 25.500 Equipment Unearned Service Revenue 12,300 An analysis of the accounts shows the following 1. Insurance expires at the rate of $280 per month 2 Supplies on hand total $960. 3. The equipment depreciates $170 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
Wildhorse Advertising Company's trial balance at December 31 shows Supplies $8,400 and Supplies Expense $0
Wildhorse Advertising Company's trial balance at December 31 shows Supplies $8,400 and Supplies Expense $0.On December 31. there are $2,800 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)The ledger of Blossom, Inc. on March 31, 2020, includes the following selected accounts before...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2.560 36,000 11,000 An analysis of the accounts shows the following. Insurance expires at the rate of $320 per month Supplies on hand total $900. The equipment depreciates $240 per month. During March, services were performed for two-fifths of the unearned service revenue. 1 2 3. 4 Prepare...
Assets + Liabilities Unearned Serv. Rev Acc. Depr.- Equip. + Supplies + Prepaid Insurance + Equip....
Assets + Liabilities Unearned Serv. Rev Acc. Depr.- Equip. + Supplies + Prepaid Insurance + Equip. Unadj. Bal. 4,410 2,160 22,500 -3,600 10,800 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal. Liabilities + Stockholders' Equity + Unearned Serv. Rev O Rev. - Exp. 10,800 A partial tabular summary of transactions for Tamarisk, Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr.- Unearned Supplies + Prepaid Insurance + Equip....
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent...
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Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on...
CALCULATOR PRINTER VERS Practice Do It! Review 01 The ledger of Skysong, Inc. on March 31,...
CALCULATOR PRINTER VERS Practice Do It! Review 01 The ledger of Skysong, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,500 Supplies 3,000 Equipment 31,500 Unearned Service Revenue 8,700 1. An analysis of the accounts shows the following. Insurance expires at the rate of $300 per month 2 Supplies on hand total $1,100. The equipment depreciates $600 per month During March, services were performed for two-fifths of the unearned service revenue....
Current Attempt in Progress The ledger of Windsor, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Credit Debit Supplies 2,820 Prepaid Insurance 2,640 25,500 Equipment Unearned Service Revenue 11,600 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $330 per month. 2. Supplies on hand total $955. 3. The equipment depreciates $170 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
S The ledger of Lafayette, SA on March cludes the following selected accounts before adjusting entries. Debit Credit 2,657 Prepaid Insurance Supplies Equipment Unearned Service Revenue 9,800 An analysis of the accounts shows the following. 1. Insurance expires at the rate of CHF2.0 per month. 2. Supplies on hand total CHF1,150. 3. The equipment depreciates CHF472 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March....
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,700 25.000 10.800 61,000 0 18.000 An analysis of the accounts shows the following. The equipment depreciates $300 per month 2 One-third of the uneared rent revenue was earned during the quarter 3. Interest totaling $625 is accrued on the notes payable for the quarter 4. Supplies on hand total 5680. Insurance expires...
Current Attempt in Progress The lediger of Larkspur, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Debit Credit 4,100 Supplies Prepaid Insurance 2.240 25.500 Equipment Unearned Service Revenue 12,300 An analysis of the accounts shows the following 1. Insurance expires at the rate of $280 per month 2 Supplies on hand total $960. 3. The equipment depreciates $170 per month 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the...
Your answer is partially correct. The ledger of Metlock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Credit Supplies Prepaid Insurance Equipment Unearned Service Revenue Debit 4,490 2.560 36,000 11,000 An analysis of the accounts shows the following. Insurance expires at the rate of $320 per month Supplies on hand total $900. The equipment depreciates $240 per month. During March, services were performed for two-fifths of the unearned service revenue. 1 2 3. 4 Prepare...
Assets + Liabilities Unearned Serv. Rev Acc. Depr.- Equip. + Supplies + Prepaid Insurance + Equip. Unadj. Bal. 4,410 2,160 22,500 -3,600 10,800 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal. Liabilities + Stockholders' Equity + Unearned Serv. Rev O Rev. - Exp. 10,800 A partial tabular summary of transactions for Tamarisk, Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr.- Unearned Supplies + Prepaid Insurance + Equip....
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.)...
Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on...
CALCULATOR PRINTER VERS Practice Do It! Review 01 The ledger of Skysong, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,500 Supplies 3,000 Equipment 31,500 Unearned Service Revenue 8,700 1. An analysis of the accounts shows the following. Insurance expires at the rate of $300 per month 2 Supplies on hand total $1,100. The equipment depreciates $600 per month During March, services were performed for two-fifths of the unearned service revenue....
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