Homework Answers
Adjusting entry
| Date | General Journal | Debit | Credit |
| Sep 30 | Supplies expense (5000-1400) | 3600 | |
| Supplies | 3600 | ||
| Sep 30 | Insurance expense (3600/24) | 150 | |
| Prepaid insurance | 150 | ||
| Sep 30 | Depreciation expense (3300/12) | 275 | |
| Accumulated depreciation-equipment | 275 | ||
| Sep 30 | Unearned rent revenue (1200-700) | 500 | |
| Rent revenue | 500 | ||
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Question 14 (20 points if you need Kidman Company prepares mor Doints you need additonal space,...
3. Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances...
3. Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September. (10 MIN / 10 Points) KIDMAN COMPANY Trial Balance (Selected Accounts) September 30, 2020 Debit Credit Supplies $3,200 Prepaid Insurance. 3,600 Equipment.... 16,200 Accumulated Depreciation-Equipment $1,000 Unearned Sales Revenue. 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account...
Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in...
Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September. KIDMAN COMPANY Partial Trial Balance September 30, 2020 Debit Credit Supplies...................................................................................... $ 3,200 Prepaid Insurance.................................................................... 4,200 Equipment.................................................................................. 16,200 Accumulated Depreciation—Equipment............................... $1,000 Salaries & Wages Payable...................................................... -0- An analysis of the account balances by the company’s accountant provided the following additional information:...
Assignment 1 Salman Company prepares monthly financial statements. Below are listed some selected accounts and their...
Assignment 1 Salman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September. SALMAN COMPANY Trial Balance (Selected Accounts) September 30, 2020 ——————————————————————————————————————————— Debit Credit Supplies................................................................................................... $ 3,200 Prepaid Insurance................................................................................... 3,600 Equipment............................................................................................... 16,200 Accumulated Depreciation—Equipment................................................. $1,000 Unearned Rent Revenue......................................................................... 1,200 (Note: Debit column does not equal credit column because this is a partial...
PROBLEM 3-ADJSTING ENTRIES Scotsman Company prepares QUARTELY (3-months) financial statements. Below are listed some selected accounts...
PROBLEM 3-ADJSTING ENTRIES Scotsman Company prepares QUARTELY (3-months) financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the quarter of July 1 to September 30. SCOTSMAN COMPANY Trial Balance (Selected Accounts) September 30, 2020 Debit Credit Office Supplies........................................................................................... $ 2,700 Prepaid Insurance...................................................................................... 4,200 Office Equipment........................................................................................ 30,000 Accumulated Depreciation—Office Equipment.............................................. $3,000 Note Payable……………………………………………….................................. 5,000 Unearned Rent Revenue............................................................................. 1,300 (Note: Debit column does not equal credit column because this is a partial listing of...
estion 1 (20 points) - if you need additonal space, use page 3 De adjusted account...
estion 1 (20 points) - if you need additonal space, use page 3 De adjusted account balances of the Wellness Center at July 31 are as follows: Account Balances $ 16,000 15,000 4,000 8,000 Account Balances $107.000 8,500 25,000 6,000 40,000 8,000 13,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated Depreciation- Buildings Accounts Payable Owner's Capital Owner's Drawings 300,000 120,000 19,000...
there is no format for this question. We need to make it by ourselves PART 6:...
there is no format for this question. We need to make it by
ourselves
PART 6: WORKSHEET 15 POINTS From the following data, make the following adjustments, and complete the worksheet for the month. a. Depreciation Expense is $500. b. Supplies remaining at end of period $75. c. Prepaid Insurance balance $400, $100 has expired. d. Wages for the 5-day work-week are $1,000, the month ended on a Wednesday. CR Account Trial Balance Adjustments Adj. Trial Bal. Income Stmt Balance...
This is a lot, but I am seriously lost. Any help would be much appreciated. The...
This is a lot, but I am seriously lost. Any help would be much
appreciated.
The trial balance of Nina's Novelty, Inc., at September 30,
2018, and the data needed for the month-end adjustments
follow:
Data Table Credit Trial Balance September 30, 2018 Account Cash $ Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Debit 18,800 31,100 3,100 2,000 72,400 $ 34,100 3,500 Unearned service revenue Common stock Retained earnings 3,200 55,000 23,400 Dividends 4,500...
Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October...
Pitman Company is a small editorial services company owned and
operated by Jan Pitman. On October 31, 2019, the end of the current
year, Pitman Company's accounting clerk prepared the following
unadjusted trial balance: Pitman Company Unadjusted Trial Balance
October 31, 2019 Debit Balances Credit Balances Cash 3,430 Accounts
Receivable 31,140 Prepaid Insurance 5,810 Supplies 1,580 Land
91,560 Building 245,140 Accumulated Depreciation—Building 111,880
Equipment 110,030 Accumulated Depreciation—Equipment 79,690
Accounts Payable 9,760 Unearned Rent 5,540 Jan Pitman, Capital
259,400 Jan Pitman,...
Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: Adjustments Dr. cr....
Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: Adjustments Dr. cr. Adjusted Trial Balance Dr. Cr. Account Cash Accounts receivable Repair supplies Prepaid rent Office furniture Accounts payable Notes payable Eli Arrow, capital Eli Arrow, withdrawals Hospitality revenues Salaries expense Wages expense Totals ARROW HOSPITALITY Trial Balances September 30, 2020 Unadjusted Trial Balance Dr. Cr. $ 5,400 10,600 1,900 13,400 22,520 $ 7,400 19,200 66,978 4,400 122,000 141,000 16,358 $ 215,578 $ 215,578 Additional information...
Following are the adjustment data for Bruno Company: a-b. Merchandise inventory (ending), $1,0...
Following are the adjustment data for Bruno Company: a-b. Merchandise inventory (ending), $1,045. c. Professional fees earned, $32,100. d. Supplies inventory (on hand), $1,415. e. Insurance expired, $750. f. Depreciation of office equipment, $300. g. Wages accrued, $630. Record these data in the Adjustments column of the following work sheet. If an amount is zero, enter "0". Bruno Company Worksheet TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 32,725 Accounts Receivable 960 Merchandise Inventory 1,250 Supplies 1,525 Prepaid...
3. Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September. (10 MIN / 10 Points) KIDMAN COMPANY Trial Balance (Selected Accounts) September 30, 2020 Debit Credit Supplies $3,200 Prepaid Insurance. 3,600 Equipment.... 16,200 Accumulated Depreciation-Equipment $1,000 Unearned Sales Revenue. 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account...
estion 1 (20 points) - if you need additonal space, use page 3 De adjusted account balances of the Wellness Center at July 31 are as follows: Account Balances $ 16,000 15,000 4,000 8,000 Account Balances $107.000 8,500 25,000 6,000 40,000 8,000 13,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated Depreciation- Buildings Accounts Payable Owner's Capital Owner's Drawings 300,000 120,000 19,000...
there is no format for this question. We need to make it by
ourselves
PART 6: WORKSHEET 15 POINTS From the following data, make the following adjustments, and complete the worksheet for the month. a. Depreciation Expense is $500. b. Supplies remaining at end of period $75. c. Prepaid Insurance balance $400, $100 has expired. d. Wages for the 5-day work-week are $1,000, the month ended on a Wednesday. CR Account Trial Balance Adjustments Adj. Trial Bal. Income Stmt Balance...
This is a lot, but I am seriously lost. Any help would be much
appreciated.
The trial balance of Nina's Novelty, Inc., at September 30,
2018, and the data needed for the month-end adjustments
follow:
Data Table Credit Trial Balance September 30, 2018 Account Cash $ Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Debit 18,800 31,100 3,100 2,000 72,400 $ 34,100 3,500 Unearned service revenue Common stock Retained earnings 3,200 55,000 23,400 Dividends 4,500...
Pitman Company is a small editorial services company owned and
operated by Jan Pitman. On October 31, 2019, the end of the current
year, Pitman Company's accounting clerk prepared the following
unadjusted trial balance: Pitman Company Unadjusted Trial Balance
October 31, 2019 Debit Balances Credit Balances Cash 3,430 Accounts
Receivable 31,140 Prepaid Insurance 5,810 Supplies 1,580 Land
91,560 Building 245,140 Accumulated Depreciation—Building 111,880
Equipment 110,030 Accumulated Depreciation—Equipment 79,690
Accounts Payable 9,760 Unearned Rent 5,540 Jan Pitman, Capital
259,400 Jan Pitman,...
Arrow Hospitality prepares adjustments monthly and showed the following at September 30, 2020: Adjustments Dr. cr. Adjusted Trial Balance Dr. Cr. Account Cash Accounts receivable Repair supplies Prepaid rent Office furniture Accounts payable Notes payable Eli Arrow, capital Eli Arrow, withdrawals Hospitality revenues Salaries expense Wages expense Totals ARROW HOSPITALITY Trial Balances September 30, 2020 Unadjusted Trial Balance Dr. Cr. $ 5,400 10,600 1,900 13,400 22,520 $ 7,400 19,200 66,978 4,400 122,000 141,000 16,358 $ 215,578 $ 215,578 Additional information...
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