Homework Answers
| ATLANTIC FURNITURE COMPANY | ||
| Unadjusted Trial Balance | ||
| July 31, 2018 | ||
| Account Tittles | Debit | Credit |
| Cash (Balancing Figure) | 207,325.00 | |
| Account Receivables | 483,600.00 | |
| Supplies | 3,975.00 | |
| Prepaid Insurance | 21,600.00 | |
| Land | 50,000.00 | |
| Accounts Payable | 92,400.00 | |
| Unearned Rent | 6,000.00 | |
| Notes Payable | 25,000.00 | |
| Common stock | 75,000.00 | |
| Retained Earning | 311,600.00 | |
| Dividends | 24,000.00 | |
| Fess earned | 2,750,000.00 | |
| Wages expense | 2,250,000.00 | |
| Rent Expense | 140,000.00 | |
| Utilities Expenses | 49,100.00 | |
| Supplies expense | 11,200.00 | |
| Insurance expense | 9,000.00 | |
| Miscellaneous expenses | 10,200.00 | |
| Totals | 3,260,000.00 | 3,260,000.00 |
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Unadjusted Trial Balance Instructions The accounts in the ledger of Atlantic Furniture Company as of July...
The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in...
The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $39,900 79,850 Accounts Receivable Cash Common Stock Dividends 156,400 43,000 Fees Earned Insurance Expense 665,400 12,650 182,300 Land Miscellaneous Expense Notes Payable 18,650 87,000 6,000 126,400 Prepaid Insurance Rent Expense Retained Earnings 29,900 4,000 Supplies Supplies Expense Unearned Rent 16,650 19,300 Utilities Expense...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $41,550 Accounts Receivable 83,050 Cash ? Elaine Wells, Capital 193,800 Elaine Wells, Drawing 45,000 Fees Earned 692,200 Insurance Expense 13,150 Land 189,650 Miscellaneous Expense 19,400 Notes Payable 90,000 Prepaid Insurance 6,250 Rent Expense 131.500 Supplies 4,150 Supplies Expense 17,300 Uneared...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6, are listed in alphabetical order below. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $37,100 Accounts Receivable 74,200 Cash ? Elaine Wells, Capital 173,100 Elaine Wells, Drawing 40,000 Fees Earned 618,300 Insurance Expense 11,750 Land 169,400 Miscellaneous Expense 17,300 Notes Payable 80,000 Prepaid Insurance 5,550 Rent Expense 117,500 Supplies 3,700 Supplies Expense 15,450 Unearned Rent...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $25,100 Accounts Receivable 50,150 Cash ? Elaine Wells, Capital 117,050 Elaine Wells, Drawing 27,000 Fees Earned 418,000 Insurance Expense 7,950 Land 114,550 Miscellaneous Expense 11,700 Notes Payable 54,000 Prepaid Insurance 3,750 Rent Expense 79,400 Supplies 2,500 Supplies Expense 10,450 Unearned...
Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are...
Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabe the cash account has been intentionally omitted. Accounts Payable $118,600 Accounts Receivable 660,500 Cash ? Common Stock 150,000 Dividends 36,000 Fees Earned 4,330,000 Insurance Expense 18,000 Land 1,850,000 Miscellaneous Expense 30,200 Notes Payable 75,000 Prepaid Insurance 21,600 390,000 Rent Expense Retained Earnings 1,814,400 Supplies 11,200 Supplies Expense 23,700 Unearned Rent 12,000 82,000 Utilities Expense Wages Expense 2,950,000 Assignment/ eASSI eBook Show...
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance...
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance 10,600 Expense Land 153,100 Miscellaneous 15,650 Expense Notes 73,000 Payable Prepaid 5,050 Insurance Rent Expense 106,200 Retained 29,900 Earnings Supplies 3,350 Supplies 13,950 Expense Unearned 15,200 Rent Utilities 74,850 Expense Wages 312,850 Expense a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry...
Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31,...
Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in phabetical orders follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. $42,770 116,900 ? 75,000 24,000 745,230 3,600 Accounts Payable Accounts Receivable Cash Elaine Wells, Capital Elaine Wells, Drawing Fees Earned Insurance Expense Land Miscellanepus Expense Notes Payable Prepaid Insurance Rent Expense Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense 50,000 9,500...
Build the unadjusted trial balance and adjustments columns from the given information and total the columns....
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
Consider the following information from a company’s unadjusted trial balance at December 31, 2015. All accounts...
Consider the following information from a company’s unadjusted trial balance at December 31, 2015. All accounts have normal balances. Accounts receivable $ 4,900 Accounts payable 670 Cash 1,740 Service revenue 6,020 Common stock 4,400 Equipment 5,300 Insurance expense 420 Land 4,200 Notes payable, due 2018 4,400 Notes receivable, matures 2016 1,240 Prepaid insurance 420 Rent expense 1,420 Retained earning, January 1, 2015 7,890 Salaries and wages expense 3,740 What is the total of the debit side of the unadjusted trial...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle 145,000 23,000 6,500 24,000 110,000 15,000 75,000 50,000 8,000 16,900 3,000 45,000 46,000 67,600 5,000 490,000 Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 10,000 45,000 5,000 54,000 12,000 145,000 13,000 4,000...
The accounts in the ledger of Atlantic Furniture Company as of July 2018 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $39,900 79,850 Accounts Receivable Cash Common Stock Dividends 156,400 43,000 Fees Earned Insurance Expense 665,400 12,650 182,300 Land Miscellaneous Expense Notes Payable 18,650 87,000 6,000 126,400 Prepaid Insurance Rent Expense Retained Earnings 29,900 4,000 Supplies Supplies Expense Unearned Rent 16,650 19,300 Utilities Expense...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $41,550 Accounts Receivable 83,050 Cash ? Elaine Wells, Capital 193,800 Elaine Wells, Drawing 45,000 Fees Earned 692,200 Insurance Expense 13,150 Land 189,650 Miscellaneous Expense 19,400 Notes Payable 90,000 Prepaid Insurance 6,250 Rent Expense 131.500 Supplies 4,150 Supplies Expense 17,300 Uneared...
Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabe the cash account has been intentionally omitted. Accounts Payable $118,600 Accounts Receivable 660,500 Cash ? Common Stock 150,000 Dividends 36,000 Fees Earned 4,330,000 Insurance Expense 18,000 Land 1,850,000 Miscellaneous Expense 30,200 Notes Payable 75,000 Prepaid Insurance 21,600 390,000 Rent Expense Retained Earnings 1,814,400 Supplies 11,200 Supplies Expense 23,700 Unearned Rent 12,000 82,000 Utilities Expense Wages Expense 2,950,000 Assignment/ eASSI eBook Show...
Accounts $33,500 Payable Accounts 67,050 Receivable Cash Common 126,550 Stock Dividends 35,000 Fees Earned 558,700 Insurance 10,600 Expense Land 153,100 Miscellaneous 15,650 Expense Notes 73,000 Payable Prepaid 5,050 Insurance Rent Expense 106,200 Retained 29,900 Earnings Supplies 3,350 Supplies 13,950 Expense Unearned 15,200 Rent Utilities 74,850 Expense Wages 312,850 Expense a. Prepare an unadjusted trial balance. List all the accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. Place the amounts in the proper columns. If an entry...
Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in phabetical orders follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. $42,770 116,900 ? 75,000 24,000 745,230 3,600 Accounts Payable Accounts Receivable Cash Elaine Wells, Capital Elaine Wells, Drawing Fees Earned Insurance Expense Land Miscellanepus Expense Notes Payable Prepaid Insurance Rent Expense Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense 50,000 9,500...
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle 145,000 23,000 6,500 24,000 110,000 15,000 75,000 50,000 8,000 16,900 3,000 45,000 46,000 67,600 5,000 490,000 Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 10,000 45,000 5,000 54,000 12,000 145,000 13,000 4,000...
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