Homework Answers
Answer:
| Cash | Accounts receivable | |||||||
| Beg. Bal. | $5,800 | Beg. Bal. | $33,750 | |||||
| a | $955 | $2,200 | h | d | $8,800 | $5,950 | e | |
| b | $385 | $19,200 | i | |||||
| c | $17,275 | $885 | j | |||||
| e | $5,950 | |||||||
| End. Bal. | $8,080 | End. Bal. | $36,600 | |||||
| Supplies | Equipment | |||||||
| Beg. Bal. | $1,400 | Beg. Bal. | $14,800 | |||||
| j | $885 | |||||||
| End. Bal. | $2,285 | End. Bal. | $14,800 | |||||
| Land | Building | |||||||
| Beg. Bal. | $8,700 | Beg. Bal. | $25,000 | |||||
| End. Bal. | $8,700 | End. Bal. | $25,000 | |||||
| Accounts payable | Deferred revenue | |||||||
| Beg. Bal. | $10,050 | Beg. Bal. | $4,600 | |||||
| h | $2,200 | $720 | f | $955 | a | |||
| End. Bal. | $8,570 | End. Bal. | $5,555 | |||||
| Notes payable | Common stock | |||||||
| Beg. Bal. | $57,250 | Beg. Bal. | $13,500 | |||||
| End. Bal. | $57,250 | End. Bal. | $13,500 | |||||
| Retained Earnings | Service revenue | |||||||
| Beg. Bal. | $4,050 | Beg. Bal. | 0 | |||||
| $17,275 | c | |||||||
| $8,800 | d | |||||||
| End. Bal. | $4,050 | End. Bal. | $26,075 | |||||
| Rent Revenue | Salaries and Wages expense | |||||||
| Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
| $385 | b | i | $19,200 | |||||
| End. Bal. | $385 | End. Bal. | $19,200 | |||||
| Utilities expense | ||||||||
| Beg. Bal. | 0 | |||||||
| f | $720 | |||||||
| End. Bal. | $720 | |||||||
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Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required...
Homework 3 Saved Help Save & Exit Submit Check my work Part 1 of 2 Required...
Homework 3 Saved Help Save & Exit Submit Check my work Part 1 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points Skipped $ 5,800 Accounts Payable 33,750 Deferred Revenue (deposits) $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment...
Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,200 Accounts Payable 49,750 Deferred Revenue (deposits) 1,800 Notes Payable (long-term) 9,900 Common Stock 6,600 Retained Earnings 24,900 $ 8,650 4,800 63,000 16,000 7,700 Following...
Required Information The following information applies to the questions displayed below) Ricky's Piano Rebuilding Company has...
Required Information The following information applies to the questions displayed below) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 8,700 Accounts Payable 35,75e Deferred Revenue (deposits) 2,658 Notes Payable (long-term) 8,480 Common Stock 5,258 Retained Earnings 25,900 $ 9,388 4,250 46,000 8,500 19,6ee Following...
Required information [The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,100 Accounts Payable 29,750 Deferred Revenue (deposita) 2,200 Notes Payable (long-term) 11,200 Common Stock 9,800 Retained Earnings 22,600 $12,500 3,550 42,250 17,000 7,350 Following are...
Need some help with this T account i'm confused on the wording I guess of the...
Need some help with this T account i'm confused on the wording I
guess of the T account. Thanks for the help!
No Transaction General Journal Debit Credit 695 Cash Sales Revenue 695 Cash Rent Revenue 325 15,600 Cash Service Revenue 15,600 8,000 Accounts Receivable Service Revenue 8,000 5 5,400 Cash Accounts Receivable 5,400 Utilities Expense Accounts Payable 670 No Journal Entry Required 3,000 Accounts Payable Cash 3,000 15,500 Salaries and Wages Expense Cash 5.500 10 j 1,185 Supplies Cash...
Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017,...
Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,800 Accounts Payable 30,400 Deferred Revenue (deposits) 1,740 Notes Payable 9,899 Contributed Capital 7,800 Retained Earnings 31,000 $ 9,800 3,740 54,400 9,800 10,800 Required: 2. Prepare journal entries for the following January 2017 transactions, using the letter of each transaction...
Can someone tell me what I am missing in these T-accounts? My answer says incomplete but...
Can
someone tell me what I am missing in these T-accounts? My answer
says incomplete but I’m not sure what is missing.
work- Ch 3 0 Help Save & Exit S Check my w Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 6,000 Accounts...
E3-13 Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary...
E3-13 Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4) (The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 5,800 Accounts Payable 33,750...
Required information (The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has...
Required information (The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,850 Accounts Payable 15,000 Deferred Revenue (deposits) 2,100 Notes Payable (long-term) 9,500 Common Stock 8,400 Retained Earnings 28,400 $10,300 4,400 41,500 10,000 5,050 Following are...
Check my work Che nywele Ricky's Piano Rebuilding Company has been operating for one year. On...
Check my work Che nywele Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its Income statement accounts had zero balances and its balance sheet account balances were as follows: points $ 8,500 5, 200 eBook cash Accounts Receivable Supplies Equipment Land Buildings $ 6,900 Accounts Payable Deferred Revenue 25,250 (deposits) 1,350 250 Notes Payable (long-term) 15,300 Common Stock 6,900 Retained Earnings 22,700 43,500 15,000 6,200 Hint Following are...
Homework 3 Saved Help Save & Exit Submit Check my work Part 1 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points Skipped $ 5,800 Accounts Payable 33,750 Deferred Revenue (deposits) $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment...
Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,200 Accounts Payable 49,750 Deferred Revenue (deposits) 1,800 Notes Payable (long-term) 9,900 Common Stock 6,600 Retained Earnings 24,900 $ 8,650 4,800 63,000 16,000 7,700 Following...
Required Information The following information applies to the questions displayed below) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 8,700 Accounts Payable 35,75e Deferred Revenue (deposits) 2,658 Notes Payable (long-term) 8,480 Common Stock 5,258 Retained Earnings 25,900 $ 9,388 4,250 46,000 8,500 19,6ee Following...
Required information [The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,100 Accounts Payable 29,750 Deferred Revenue (deposita) 2,200 Notes Payable (long-term) 11,200 Common Stock 9,800 Retained Earnings 22,600 $12,500 3,550 42,250 17,000 7,350 Following are...
Need some help with this T account i'm confused on the wording I
guess of the T account. Thanks for the help!
No Transaction General Journal Debit Credit 695 Cash Sales Revenue 695 Cash Rent Revenue 325 15,600 Cash Service Revenue 15,600 8,000 Accounts Receivable Service Revenue 8,000 5 5,400 Cash Accounts Receivable 5,400 Utilities Expense Accounts Payable 670 No Journal Entry Required 3,000 Accounts Payable Cash 3,000 15,500 Salaries and Wages Expense Cash 5.500 10 j 1,185 Supplies Cash...
Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,800 Accounts Payable 30,400 Deferred Revenue (deposits) 1,740 Notes Payable 9,899 Contributed Capital 7,800 Retained Earnings 31,000 $ 9,800 3,740 54,400 9,800 10,800 Required: 2. Prepare journal entries for the following January 2017 transactions, using the letter of each transaction...
Can
someone tell me what I am missing in these T-accounts? My answer
says incomplete but I’m not sure what is missing.
work- Ch 3 0 Help Save & Exit S Check my w Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 6,000 Accounts...
E3-13 Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4) (The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 5,800 Accounts Payable 33,750...
Required information (The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,850 Accounts Payable 15,000 Deferred Revenue (deposits) 2,100 Notes Payable (long-term) 9,500 Common Stock 8,400 Retained Earnings 28,400 $10,300 4,400 41,500 10,000 5,050 Following are...
Check my work Che nywele Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its Income statement accounts had zero balances and its balance sheet account balances were as follows: points $ 8,500 5, 200 eBook cash Accounts Receivable Supplies Equipment Land Buildings $ 6,900 Accounts Payable Deferred Revenue 25,250 (deposits) 1,350 250 Notes Payable (long-term) 15,300 Common Stock 6,900 Retained Earnings 22,700 43,500 15,000 6,200 Hint Following are...
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