Homework Answers
Adjusting entry
| No | General Journal | Debit | Credit |
| 1 | Supplies expense (400-100) | 300 | |
| Supplies | 300 | ||
| 2 | Insurance expense (2000-450) | 1550 | |
| Prepaid insurance | 1550 | ||
| 3 | Depreciation expense (200*12) | 2400 | |
| Accumulated depreciation-equipment | 2400 | ||
| 4 | Unearned service revenue (600-350) | 250 | |
| Service revenue | 250 | ||
| 5 | Interest expense | 200 | |
| Interest payable | 200 | ||
| 6 | Salaries expense | 650 | |
| Salaries payable | 650 | ||
| 7 | Rent expense (1000-100) | 900 | |
| Prepaid rent | 900 | ||
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ted at the rate of $200 ber. that the unearned lesvice hould be in the ©...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit - Credit Cash $ 4,800 Accounts Receivable 10,400 Prepaid insurance 2,000 Prepaid Rent 1,ooo office Subblies 400 Equipment 16.500 Accumulated depreciation $2,400 Salaries payable Interest payable Uneamed Service Revenue Goo Ted Darcy, drawings 3,000 Service Revenue 32,700 Salaries expense 20,500 Depreciation expense Rent expense Дилму ади еxрил office Supplies expense I Interest expense 300 $ 58900 SEC 0 % 5E ܬܩܦ 1 Prepare necessary...
C. ADIN C. ADJUSTING JOURNAL ENTRIES (14 Marks) he unadjusted trial balance of Darcy Consulting Services...
C. ADIN C. ADJUSTING JOURNAL ENTRIES (14 Marks) he unadjusted trial balance of Darcy Consulting Services at December 31, Credit Debit $4,HOO 10,400 2.000 1,000 400 16,500 $2,400 Cash Accounts receivable Prepaid insurance Prepaid rent Office supplies Equipment Accumulated depreciation Salaries payable Interest payable Unearned service revenue Note payable Ted Darcy, capital Ted Darcy, drawings Service revenue Salaries expense Depreciation expense Rent expense Insurance expense Office supplies expense Interest expense 600 8,000 15,200 3,000 32,700 20,500 300 $58.900 $58.900 Given...
Ben Brown, the owner of Ben's Consulting Services, has been in business for two years. The...
Ben Brown, the owner of Ben's Consulting Services, has been in business for two years. The unadjusted trial balance for December 31, regarding the year just ended, follows. Ben's Consulting Services Unadjusted Trial Balance December 31, 2022 Credit Debit $5,800 4,955 420 4,200 12,600 46,000 Account Cash Accounts Receivable Office Supplies Prepaid Advertising Prepaid Rent Truck Accumulated Depreciation, Truck Accounts Payable Interest Payable Salaries Payable Unearned Consulting Fee Notes Payable Ben Brown, Capital Ben Brown, Drawings Consulting Fees Eamed Depreciation...
3 Below is the unadjusted trial balance for Osbourne's Animal Sanctuary which has been in operation...
3 Below is the unadjusted trial balance for Osbourne's Animal Sanctuary which has been in operation since January 1, 2019. Prepare the journal entries for the additional information given below at December 31, 2019. Use the designated space in the Solution Packet. (20 points) 20,000 15,000 7,000 4,500 80,000 Osbourne's Animal Sanctuary Unadjusted Trial Balance December 31, 2019 Cash Accounts Receivable Prepaid Insurance Supplies Equipment A/D Equipment Accounts Payable Salaries Payable Unearned Consulting Revenue Osbourne's, Capital Consulting Revenue Depreciation Expense...
Below is the unadjusted trial balance for Osbourne's Animal Sanctuary which has been in operation since...
Below is the unadjusted trial balance for Osbourne's Animal Sanctuary which has been in operation since January 1, 2019. Prepare the journal entries for the additional information given below at December 31, 2019. Use the designated space in the Solution Packet. (20 points) 20,000 15,000 7,000 4,500 80,000 Osbourne's Animal Sanctuary Unadjusted Trial Balance December 31, 2019 Cash Accounts Receivable Prepaid Insurance Supplies Equipment A/D Equipment Accounts Payable Salaries Payable Unearned Consulting Revenue Osbourne's, Capital Consulting Revenue Depreciation Expense -...
Based on Adjusting journal entries. Cash Entry not used.. JOURNAL ENTRY EXPLANATIONS ARE NOT REQUIRED.. To...
Based on Adjusting journal entries. Cash Entry not
used.. JOURNAL ENTRY EXPLANATIONS ARE NOT REQUIRED..
To be answered as shown in pic 3.
Ben Brown, the owner of Ben's Consulting Services, has been in business for two years. The unadjusted trial balance for December 31, regarding the year just ended, follows. Ben's Consulting Services Unadjusted Trial Balance December 31, 2022 Credit Debit $5,800 4,955 420 4,200 12,600 46,000 $0 3,900 Account Cash Accounts Receivable Office Supplies Prepaid Advertising Prepaid Rent...
Please help you solve step by step Silver Line company adjusts its accounts monthly , performs...
Please help you solve step by step
Silver Line company adjusts its accounts monthly , performs closing entries annually. The firm's unadjusted trial balance as of December 31. 2011 is on the worksheed enclosed. a) Accrued but unrecorded and uncollected consulting services revenue totals 1.500 USD at December 31.,2011 b) The company determined that 2.500 USD of previously unemed consulting services revenue had been earmed at De cember 31.2011 c) Office supplies on hand at December 31 total 110 USD...
The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm's...
The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm's general ledger contained the accounts and balances below. All account balances are normal Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation Office Equipment Notes Payable, due 2020 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Arroyo, Capital Vincent Arroyo, Drawing Income Summary 15,900 25,900 3.989 5,909 1,950...
The accountant of Johnson Engineering Ltd. prepared the following adjusted trial balance at December 31, 2019:...
The accountant of Johnson Engineering Ltd. prepared the following adjusted trial balance at December 31, 2019: Credit Debit 4.160 13.400 1.200 30.000 Cash Accounts Receivable Unexpired Insurance Office Equipment Accumulated Depreciation: Office Equipment Accounts Payable Unearned Consulting Fees Capital Stock Retained Earnings, January 1, 2019 Dividends Consulting Fees Earned Salaries Expense Utilities Expense Rent Expense Depreciation Expense 12.000 4.000 2.500 25.000 1.200 200 17.620 6.000 1.300 3.560 2.500 62.320 62.320 a. Prepare the closing entries for Johnson Engineering Ltd. b....
•1. Set up the balance column, accounts for rainmaker's environmental consultant and enter the balances listed...
•1. Set up the balance column, accounts for rainmaker's
environmental consultant and enter the balances listed in the
unadjusted trial balance
•2. Post the adjustment entries prepared in problem 3-9A to the
accounts.
• 3. Prepared an adjustment balance. 4. Use the adjusted trail
balance to prepare an income statement, a statement of changes in
equity and a balance sheet. Assume that the owner, Jeff Moore, made
no owner investments during the year.
•Analysis Component : Assumes that total revenue...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit - Credit Cash $ 4,800 Accounts Receivable 10,400 Prepaid insurance 2,000 Prepaid Rent 1,ooo office Subblies 400 Equipment 16.500 Accumulated depreciation $2,400 Salaries payable Interest payable Uneamed Service Revenue Goo Ted Darcy, drawings 3,000 Service Revenue 32,700 Salaries expense 20,500 Depreciation expense Rent expense Дилму ади еxрил office Supplies expense I Interest expense 300 $ 58900 SEC 0 % 5E ܬܩܦ 1 Prepare necessary...
C. ADIN C. ADJUSTING JOURNAL ENTRIES (14 Marks) he unadjusted trial balance of Darcy Consulting Services at December 31, Credit Debit $4,HOO 10,400 2.000 1,000 400 16,500 $2,400 Cash Accounts receivable Prepaid insurance Prepaid rent Office supplies Equipment Accumulated depreciation Salaries payable Interest payable Unearned service revenue Note payable Ted Darcy, capital Ted Darcy, drawings Service revenue Salaries expense Depreciation expense Rent expense Insurance expense Office supplies expense Interest expense 600 8,000 15,200 3,000 32,700 20,500 300 $58.900 $58.900 Given...
Ben Brown, the owner of Ben's Consulting Services, has been in business for two years. The unadjusted trial balance for December 31, regarding the year just ended, follows. Ben's Consulting Services Unadjusted Trial Balance December 31, 2022 Credit Debit $5,800 4,955 420 4,200 12,600 46,000 Account Cash Accounts Receivable Office Supplies Prepaid Advertising Prepaid Rent Truck Accumulated Depreciation, Truck Accounts Payable Interest Payable Salaries Payable Unearned Consulting Fee Notes Payable Ben Brown, Capital Ben Brown, Drawings Consulting Fees Eamed Depreciation...
3 Below is the unadjusted trial balance for Osbourne's Animal Sanctuary which has been in operation since January 1, 2019. Prepare the journal entries for the additional information given below at December 31, 2019. Use the designated space in the Solution Packet. (20 points) 20,000 15,000 7,000 4,500 80,000 Osbourne's Animal Sanctuary Unadjusted Trial Balance December 31, 2019 Cash Accounts Receivable Prepaid Insurance Supplies Equipment A/D Equipment Accounts Payable Salaries Payable Unearned Consulting Revenue Osbourne's, Capital Consulting Revenue Depreciation Expense...
Below is the unadjusted trial balance for Osbourne's Animal Sanctuary which has been in operation since January 1, 2019. Prepare the journal entries for the additional information given below at December 31, 2019. Use the designated space in the Solution Packet. (20 points) 20,000 15,000 7,000 4,500 80,000 Osbourne's Animal Sanctuary Unadjusted Trial Balance December 31, 2019 Cash Accounts Receivable Prepaid Insurance Supplies Equipment A/D Equipment Accounts Payable Salaries Payable Unearned Consulting Revenue Osbourne's, Capital Consulting Revenue Depreciation Expense -...
Based on Adjusting journal entries. Cash Entry not
used.. JOURNAL ENTRY EXPLANATIONS ARE NOT REQUIRED..
To be answered as shown in pic 3.
Ben Brown, the owner of Ben's Consulting Services, has been in business for two years. The unadjusted trial balance for December 31, regarding the year just ended, follows. Ben's Consulting Services Unadjusted Trial Balance December 31, 2022 Credit Debit $5,800 4,955 420 4,200 12,600 46,000 $0 3,900 Account Cash Accounts Receivable Office Supplies Prepaid Advertising Prepaid Rent...
Please help you solve step by step
Silver Line company adjusts its accounts monthly , performs closing entries annually. The firm's unadjusted trial balance as of December 31. 2011 is on the worksheed enclosed. a) Accrued but unrecorded and uncollected consulting services revenue totals 1.500 USD at December 31.,2011 b) The company determined that 2.500 USD of previously unemed consulting services revenue had been earmed at De cember 31.2011 c) Office supplies on hand at December 31 total 110 USD...
The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm's general ledger contained the accounts and balances below. All account balances are normal Accounts Receivable Prepaid Advertising Supplies Merchandise Inventory Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation Office Equipment Notes Payable, due 2020 Accounts Payable Wages Payable Social Security Tax Payable Medicare Tax Payable Unearned Seminar Fees Interest Payable Vincent Arroyo, Capital Vincent Arroyo, Drawing Income Summary 15,900 25,900 3.989 5,909 1,950...
The accountant of Johnson Engineering Ltd. prepared the following adjusted trial balance at December 31, 2019: Credit Debit 4.160 13.400 1.200 30.000 Cash Accounts Receivable Unexpired Insurance Office Equipment Accumulated Depreciation: Office Equipment Accounts Payable Unearned Consulting Fees Capital Stock Retained Earnings, January 1, 2019 Dividends Consulting Fees Earned Salaries Expense Utilities Expense Rent Expense Depreciation Expense 12.000 4.000 2.500 25.000 1.200 200 17.620 6.000 1.300 3.560 2.500 62.320 62.320 a. Prepare the closing entries for Johnson Engineering Ltd. b....
•1. Set up the balance column, accounts for rainmaker's
environmental consultant and enter the balances listed in the
unadjusted trial balance
•2. Post the adjustment entries prepared in problem 3-9A to the
accounts.
• 3. Prepared an adjustment balance. 4. Use the adjusted trail
balance to prepare an income statement, a statement of changes in
equity and a balance sheet. Assume that the owner, Jeff Moore, made
no owner investments during the year.
•Analysis Component : Assumes that total revenue...
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