Homework Answers
| Unadjusted Trial Balance | ||||
| Particulars | Debit | Credit | ||
| Cash | $ 3,200.00 | |||
| Accounts Receivable | $ 3,000.00 | |||
| Inventory | $ 9,250.00 | |||
| Equipment | $ 19,100.00 | |||
| Accumulated Depreciation | $ 4,400.00 | |||
| Accounts Payable | $ 14,000.00 | |||
| Common Stock | $ 10,000.00 | |||
| Retained Earnings | $ 7,300.00 | |||
| Sales Revenue | $ 10,300.00 | |||
| Cost of Goods sold | $ 6,600.00 | |||
| Salaries and Wages Expense | $ 3,900.00 | |||
| Rent Expense | $ 800.00 | |||
| Advertising Expense | $ 150.00 | |||
| Total | $ 46,000.00 | $ 46,000.00 | ||
| Note: | Balances are taken from the ledger's ending balances. | |||
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General Journal Debit Credit No 1 Date Jan 01, 2018 4,400 Cash Sales revenue 4,400 TOL...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow
Manufacturing Corporation as of December 31, 2020.
Account Title
Debits
Credits
Cash
5,800
Accounts receivable
2,800
Inventory
5,800
Equipment
11,800
Accumulated depreciation
4,300
Accounts payable
3,800
Accrued liabilities
0
Common stock
10,000
Retained earnings
8,100
Sales revenue
0
Cost of goods sold
0
Salaries expense
0
Rent expense
0
Advertising expense
0
Totals
26,200
26,200
The following transactions occurred during January 2021:
Jan.
1
Sold merchandise for cash, $4,300. The...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5, 3ee 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10, eee...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 6,300 Print 20.680 20,600 The following transactions...
The following information applies to the questions displayed below The following is the post-closing trial balance...
The following information applies to the questions displayed below The following is the post-closing trial balance for the Whitkow Manufacturing Corporation as of December 31, 2017. Debits Credits of 3 4,200 1,280 4,200 18,200 Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipnent Accounts payable Conmon stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense Totals 2,700 2,200 18,000 4,900 19,880 19,860 rences The folowing transactions occurred during January 2018 Jan. 1 Sold merchandise...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,500 2,500 5,500 11,500 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 4,000 3,500 8,000 9,500 @ 25,000 25,000 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,000. The cost of the merchandise was $2,500. The...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Cash Debits Credits 5,700 2,700 Accounts receivable 5,700 11,700 Inventory Equipment Accumulated depreciation Accounts payable 4,200 3,700 Accrued 1iabilities 9,000 8,900 Common stock Retained earnings Sales revenue 36 Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,800 The following transactions occurred during January 2021: 1 Sold merchandise for cash, $4,200. The cost of the merchandise vas $2,700....
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2015 Debits 4,800 1,800 4,800 10,800 Credits Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation- 3,300 equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense 2,800 10,000 6,100 0 0 0 0 Totals 22,200 22,200 The following transactions occurred during January 2016: Jan. 1 Sold merchandise for cash, $3,300. The cost...
Consider the recorded transactions below. Credit Debit 1. Accounts Receivable 7,800 Service Revenue 7,800 2. Supplies...
Consider the recorded transactions below. Credit Debit 1. Accounts Receivable 7,800 Service Revenue 7,800 2. Supplies Accounts Payable 2,000 2,000 9, 600 3. Cash 9, 600 Accounts Receivable 4. Advertising Expense 1, 000 1, 000 Cash 5. Accounts Payable 3, 100 Cash 3,100 6. Cash 1,100 Deferred Revenue 1, 100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,8o0; Accounts Receivable, $3,600; Supplies,...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
Consider the recorded transactions below. Debit 8,100 Credit 1. Accounts Receivable Service Revenue 8,100 2. Supplies...
Consider the recorded transactions below. Debit 8,100 Credit 1. Accounts Receivable Service Revenue 8,100 2. Supplies Accounts Payable 2,150 2,150 3. Cash Accounts Receivable 9,900 9,900 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable Cash 3,400 3,400 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $3,100; Accounts Receivable, $3,900; Supplies, $370, Accounts Payable, $3,200; Deferred Revenue,...
The following is the post-closing trial balance for the Whitlow
Manufacturing Corporation as of December 31, 2020.
Account Title
Debits
Credits
Cash
5,800
Accounts receivable
2,800
Inventory
5,800
Equipment
11,800
Accumulated depreciation
4,300
Accounts payable
3,800
Accrued liabilities
0
Common stock
10,000
Retained earnings
8,100
Sales revenue
0
Cost of goods sold
0
Salaries expense
0
Rent expense
0
Advertising expense
0
Totals
26,200
26,200
The following transactions occurred during January 2021:
Jan.
1
Sold merchandise for cash, $4,300. The...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5, 3ee 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10, eee...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 6,300 Print 20.680 20,600 The following transactions...
The following information applies to the questions displayed below The following is the post-closing trial balance for the Whitkow Manufacturing Corporation as of December 31, 2017. Debits Credits of 3 4,200 1,280 4,200 18,200 Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipnent Accounts payable Conmon stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense Totals 2,700 2,200 18,000 4,900 19,880 19,860 rences The folowing transactions occurred during January 2018 Jan. 1 Sold merchandise...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,500 2,500 5,500 11,500 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 4,000 3,500 8,000 9,500 @ 25,000 25,000 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,000. The cost of the merchandise was $2,500. The...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Cash Debits Credits 5,700 2,700 Accounts receivable 5,700 11,700 Inventory Equipment Accumulated depreciation Accounts payable 4,200 3,700 Accrued 1iabilities 9,000 8,900 Common stock Retained earnings Sales revenue 36 Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,800 The following transactions occurred during January 2021: 1 Sold merchandise for cash, $4,200. The cost of the merchandise vas $2,700....
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2015 Debits 4,800 1,800 4,800 10,800 Credits Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation- 3,300 equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense 2,800 10,000 6,100 0 0 0 0 Totals 22,200 22,200 The following transactions occurred during January 2016: Jan. 1 Sold merchandise for cash, $3,300. The cost...
Consider the recorded transactions below. Credit Debit 1. Accounts Receivable 7,800 Service Revenue 7,800 2. Supplies Accounts Payable 2,000 2,000 9, 600 3. Cash 9, 600 Accounts Receivable 4. Advertising Expense 1, 000 1, 000 Cash 5. Accounts Payable 3, 100 Cash 3,100 6. Cash 1,100 Deferred Revenue 1, 100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,8o0; Accounts Receivable, $3,600; Supplies,...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
Consider the recorded transactions below. Debit 8,100 Credit 1. Accounts Receivable Service Revenue 8,100 2. Supplies Accounts Payable 2,150 2,150 3. Cash Accounts Receivable 9,900 9,900 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable Cash 3,400 3,400 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $3,100; Accounts Receivable, $3,900; Supplies, $370, Accounts Payable, $3,200; Deferred Revenue,...
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