I NEED HELP CALCULATING THE CASH!!!!!!! I DO NOT KNOW
HOW
Homework Answers
Cash = Accounts Payable + Accumulated depreciation Equipment +
Common stock +
Retained earnings + Salaries payable + Unearned fees - Accounts
receivable -
Cash - Equipment - Land - Prepaid insurance - Prepaid rent -
Supplies
= 9,310 + 28,020 + 180,000 + 6,760 + 3,630 + 2,700 - 22,440 - 81,000 - 108,000 - 5,210 - 3,260 - 560
= $9,950
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I NEED HELP CALCULATING THE CASH!!!!!!! I DO NOT KNOW
HOW
Accounts Payable Accounts Receivable Accumulated...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 95,350 127,000 6,140 3,840 39,860 4,270 660 3,180 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Accumulated depreciation -...
Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓...
Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓ Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable 6,000 5,000 40,000 120,000 12,000 60,000 ? 64,000 2,000 15,000 3,000 1,000 2,000 Supplies Unearned Fees Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance for Land. Assets Current assets: Liabilities Current liabilities: Total current...
Trial balance Account Titles Debit Credit Cash $ 95,430 Accounts Receivable $ 6,000 Prepaid Rent $ &n
Trial balance
Account Titles
Debit
Credit
Cash
$
95,430
Accounts Receivable
$
6,000
Prepaid Rent
$
25,000
Prepaid Insurance
$
2,700
Prepaid Supplies
$
120
Equipment
$ 400,000
Accumulated Depreciation
$
3,250
Accounts Payable
$
970
Accrued Interest
$
1,400
Accrued Salaries
$
550
Unearned Rental Revenue
$
1,950
Notes Payable
$ 350,000
Capital Stock-Mike
$
80,000
Capital Stock-Julie
$
80,000
Dividend
$
4,000
Retained Earnings
$
-
Rental Revenue
$
46,100
Salaries Expense
$
19,950
Rent Expense
$
5,000...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2018, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $11,300 27,230 Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash 34,010 180,000 Equipment Land 98,310 131,000 6,330 3,950 46,680 Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 4,410...
Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture...
Accounts Payable
Accounts Receivable
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated Depreciation - Furniture
Accumulated Depreciation - Vehicles
Advertising Expense
Bank Loan Payable
Bank Loan Receivable
Buildings
Cash
Common Shares
Depreciation Expense
Dividends Declared
Equipment
Fees Earned
Furniture
Income Summary
Income Tax Expense
Income Tax Payable
Income Tax Receivable
Insurance Expense
Insurance Revenue
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Land
Mortgage Payable
No Entry
Notes Receivable
Office Expense
Prepaid Advertising
Prepaid Expense
Prepaid Insurance
Prepaid Rent...
Accounts Payable $500 Accounts Receivable $1000 Accumulated Depreciation, Equipment $500 Cash $600 Common Stock $1200 Depreciation...
Accounts Payable $500 Accounts Receivable $1000 Accumulated Depreciation, Equipment $500 Cash $600 Common Stock $1200 Depreciation Expense, Equipment $0 Equipment $2300 Insurance Expense $0 Inventory $2000 Prepaid Insurance $600 Retained Earnings $2800 Service Fee Revenues $3500 Supplies $700 Supplies Expense $0 Wages Expense $1300 Wages Payable $0 Please 1) Give the account name 2) Include a description 3) and if it is a debit or credit, and what the balance is.
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2017, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $9,060 Accounts Receivable 21,830 Accumulated Depreciation - Equipment 27,270 Common Stock 180,000 Cash ? Equipment 78,820 Land 105,000 Prepaid Insurance 5,070 Prepaid Rent 3,170 Retained Earnings 1,740 Salaries Payable 3,530 Supplies 540...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
How to do the adjusting entries. Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated...
How to do the adjusting entries.
Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Debits Credits S 53,200 15,400 7,000 4,000 48,000 136,000 $ 8,000 6,700 13,800 150,000 72,500 2.800 38,960 12,360 Salaries Expense Depreciation Expense Insurance Expense 2,700 5,000 Property Tax Expense Totals 294,960 $294.960 The following is a summary of the transactions for the year: a. December 12 c. December 18 d. December 28...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 95,350 127,000 6,140 3,840 39,860 4,270 660 3,180 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Accumulated depreciation -...
Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓ Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable 6,000 5,000 40,000 120,000 12,000 60,000 ? 64,000 2,000 15,000 3,000 1,000 2,000 Supplies Unearned Fees Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance for Land. Assets Current assets: Liabilities Current liabilities: Total current...
Trial balance
Account Titles
Debit
Credit
Cash
$
95,430
Accounts Receivable
$
6,000
Prepaid Rent
$
25,000
Prepaid Insurance
$
2,700
Prepaid Supplies
$
120
Equipment
$ 400,000
Accumulated Depreciation
$
3,250
Accounts Payable
$
970
Accrued Interest
$
1,400
Accrued Salaries
$
550
Unearned Rental Revenue
$
1,950
Notes Payable
$ 350,000
Capital Stock-Mike
$
80,000
Capital Stock-Julie
$
80,000
Dividend
$
4,000
Retained Earnings
$
-
Rental Revenue
$
46,100
Salaries Expense
$
19,950
Rent Expense
$
5,000...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2018, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $11,300 27,230 Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash 34,010 180,000 Equipment Land 98,310 131,000 6,330 3,950 46,680 Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 4,410...
Accounts Payable
Accounts Receivable
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated Depreciation - Furniture
Accumulated Depreciation - Vehicles
Advertising Expense
Bank Loan Payable
Bank Loan Receivable
Buildings
Cash
Common Shares
Depreciation Expense
Dividends Declared
Equipment
Fees Earned
Furniture
Income Summary
Income Tax Expense
Income Tax Payable
Income Tax Receivable
Insurance Expense
Insurance Revenue
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Land
Mortgage Payable
No Entry
Notes Receivable
Office Expense
Prepaid Advertising
Prepaid Expense
Prepaid Insurance
Prepaid Rent...
Balance Sheet Dynamic Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2017, the end of the fiscal year, the balances of selected accounts from the ledger of Dynamic Weight Loss are as follows: Accounts Payable $9,060 Accounts Receivable 21,830 Accumulated Depreciation - Equipment 27,270 Common Stock 180,000 Cash ? Equipment 78,820 Land 105,000 Prepaid Insurance 5,070 Prepaid Rent 3,170 Retained Earnings 1,740 Salaries Payable 3,530 Supplies 540...
Income taxes payable $19,960 24,290 Interest payable Accounts payable Accounts receivable Accumulated depreciation - automobiles Accumulated depreciation - buildings $6,530 1,455 48,740 24,320 Inventory Land 240,000 Automobiles 81,525 11,000 38,190 121,600 161,000 190,950 158,000 13,000 Bonds payable, due December 31, 2021 Buildings Capital stock, $10 par value Cash Long-term investments Notes payable, due June 30, 2018 Office supplies Paid-in capital in excess of par value 2,280 47,000 Patents 43,000 Prepaid rent 1,460 Retained earnings 295,445 Salaries and wages payable 3,945...
How to do the adjusting entries.
Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Debits Credits S 53,200 15,400 7,000 4,000 48,000 136,000 $ 8,000 6,700 13,800 150,000 72,500 2.800 38,960 12,360 Salaries Expense Depreciation Expense Insurance Expense 2,700 5,000 Property Tax Expense Totals 294,960 $294.960 The following is a summary of the transactions for the year: a. December 12 c. December 18 d. December 28...
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