Homework Answers
| Assets | Liabilities | + | Stockholder's Equity | ||||||||||||||
| Retained Earnings | |||||||||||||||||
| Prepaid | Prepaid | Prepaid | Unearned | Common | |||||||||||||
| 2017 | Cash | + | Insurance | + | Rent | + | Clean. | = | Serv. Rev. | + | Stock | + | Revenue | - | Expense | - | Dividend |
| 1-Jun | $(1,200.00) | $ 1,200.00 | |||||||||||||||
| 31-Aug | $(5,000.00) | $ 5,000.00 | |||||||||||||||
| 4-Sep | $ 4,140.00 | $ 4,140.00 | |||||||||||||||
| 30-Nov | $ (950.00) | $ 950.00 | |||||||||||||||
| 5-Dec | $ 1,450.00 | $ 1,450.00 | |||||||||||||||
| Assets | Liabilities | + | Stockholder's Equity | ||||||||||||||
| Retained Earnings | |||||||||||||||||
| Prepaid | Prepaid | Prepaid | Unearned | Common | |||||||||||||
| 2017 | Cash | + | Insurance | + | Rent | + | Clean. | = | Serv. Rev. | + | Stock | + | Revenue | - | Expense | - | Dividend |
| 31-Dec | $ (700.00) | $ 700.00 | |||||||||||||||
| 31-Dec | $ (4,000.00) | $ 4,000.00 | |||||||||||||||
| 31-Dec | $ (1,840.00) | $ 1,840.00 | |||||||||||||||
| 31-Dec | $ (475.00) | $ 475.00 | |||||||||||||||
| 31-Dec | $ (900.00) | $ 900.00 | |||||||||||||||
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Exercise 4-16 Action Quest Games Inc. adjusts its accounts annually. The following information is available for...
Crane Games Inc. adjusts its accounts annually. The following information is available for the year ended...
Crane Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1. Purchased a 1-year insurance policy on June 1 for $1,872 cash. 2. Paid $6,760 on August 31 for 5 months’ rent in advance. 3. On September 4, received $3,744 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. 4. Signed a contract...
read instructions clearly 1. 2. 3. Sunland Games Inc. adjusts its accounts annually. The following information...
read instructions clearly
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View Policies Current Attempt in Progress The unadjusted trial balance for Novak Corp. is shown below....
View Policies Current Attempt in Progress The unadjusted trial balance for Novak Corp. is shown below. + Liabilities Assets Stockholders' Equity Reatined Earnings Accts. Rec 0 Cash Bal. 15,560 Prepd. Supplies. Insur. 3 ,070 690 Acc. Depr: Notes Equip. . Equip. - Pay. 4,910 0 4,910 Sal. & Unearned Wages Serv. Rev.. Pay. 1.350 Accts. Int. Pay Pay. 2.1800 Com. Stock 11,810 Rev.. Exp.. Div 13.920 -9,250 -690 Assume the following adjustment data. 1. Supplies on hand at October 31...
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Exercise 4-12 A partial tabular summary for Concord Corporation on July 31, 2017, includes the accounts below before adjustments have been prepared. Assets = Liabilities + Stockholders' Equity Invest. Prepd. Acc. Depr.- Notes Rec. + Supplies + Rent + Bldgs. - Bldgs. Bal. 24,000 23,000 3,400 260,000 -130,000 Unearned Com Reatined Earnings = Serv. Rev. + Stock + Rev. - Exp. - Div 10,600 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable...
Question 5 --/2 View Policies Current Attempt in Progress On July 1, 2017, Ling Co. pays...
Question 5 --/2 View Policies Current Attempt in Progress On July 1, 2017, Ling Co. pays $18,240 to Blue Spruce Corp. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Blue Spruce Corp., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for...
Question 3 of 10 -/1 E View Policies Current Attempt in Progress A tabular summary of...
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- /1 E euestion 8 of 10 Liabilities Assets Prepd. Insur. Acc Depr. Equip. 0 +...
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Crane Games Inc. adjusts its accounts annually. The following information is available for the year ended...
Crane Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1. Purchased a 1-year insurance policy on June 1 for $1,872 cash. 2. Paid $6,760 on August 31 for 5 months’ rent in advance. 3. On September 4, received $3,744 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. 4. Signed a contract...
Exercise 164 This transactions relate to Hanshew Real Estate Apency 1. Stockholders invested $35,000 in exchange...
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Current Attempt in Progress On July 1, 2022, Sheridan Co. pays $11,040 to Windsor, Inc. for...
Current Attempt in Progress On July 1, 2022, Sheridan Co. pays $11,040 to Windsor, Inc. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Sheridan Co., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item...
read instructions clearly
1. 2. 3. Sunland Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. Purchased a 1-year insurance policy on June 1 for $1,692 cash. Paid $6,110 on August 31 for 5 months' rent in advance. On September 4, received $3,384 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school Signed...
View Policies Current Attempt in Progress The unadjusted trial balance for Novak Corp. is shown below. + Liabilities Assets Stockholders' Equity Reatined Earnings Accts. Rec 0 Cash Bal. 15,560 Prepd. Supplies. Insur. 3 ,070 690 Acc. Depr: Notes Equip. . Equip. - Pay. 4,910 0 4,910 Sal. & Unearned Wages Serv. Rev.. Pay. 1.350 Accts. Int. Pay Pay. 2.1800 Com. Stock 11,810 Rev.. Exp.. Div 13.920 -9,250 -690 Assume the following adjustment data. 1. Supplies on hand at October 31...
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Current Attempt in Progress On July 1, 2022, Sheridan Co. pays $11,040 to Windsor, Inc. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Sheridan Co., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item...
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