Homework Answers
| Adjusted Trial Balance | ||||||
| February 28,2018 | ||||||
| Debit | Credit | |||||
| Cash | 17,900 | |||||
| Accounts receivable | 25,550 | |||||
| Supplies | 1,270 | |||||
| Prepaid Insurance | 2,410 | |||||
| Equipment | 22,790 | |||||
| Accumulated depreciation-Equipment | 5,560 | |||||
| Accounts payable | 13,340 | |||||
| income tax payable | 4,550 | |||||
| Salaries payable | 3,170 | |||||
| Common shares | 6,390 | |||||
| Retained earnings | 22,660 | |||||
| Dividends declared | 2,190 | |||||
| Fees earned | 89,110 | |||||
| Salaries expense | 46,600 | |||||
| Supplies expense | 3,800 | |||||
| Utilities expense | 3,000 | |||||
| Depreciation expense | 4,290 | |||||
| income tax expense | 4,880 | |||||
| insurance expense | 3,170 | |||||
| rent expense | 6,930 | |||||
| Total | 144,780 | 144780 | ||||
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Question 6 Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the...
Question 7 The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at...
Question 7 The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable Accounts receivable Accumulated depreciation-equipment 5,600 Prepaid insurance 2,600 Cash Common shares Depreciation expense Dividends declared Equipment Fees earned Income tax expense 12,600 Income tax payable 4,500 28,400 Insurance expense 3,500 5,900 6,580 Retained earnings 20,220 3,450 1,900 Salaries expense 45,050 300 91,700 Supplies expense 4,100 2,500 18,200 Rent expense 4,600 Salaries payable 22,800...
5,400 BE4-11 Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the...
5,400 BE4-11 Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable $13,000 Income tax payable $ 4,550 Accounts receivable 28,000 Insurance expense 3,500 Accumulated depreciation-equipment Prepaid insurance 2,500 Cash 18,000 Rent expense 6,000 Common shares 10,000 Retained earnings 21,000 Depreciation expense 4,400 Salaries payable 3,000 Dividends declared 2,000 Salaries expense 46,400 Equipment 23,450 Supplies 1,000 Fees earned 89,500 Supplies expense 4,000 Income tax expense 4,800...
The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end...
The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable 13,700 Income tax payable 4,300 Accounts receivable 27,600 Insurance expense 3,300 Accumulated depreciation-equipment 5,600 Prepaid insurance 3,000 Cash 18,500 Rent expense 5,800 Common shares 6,730 Retained earnings 21,370 Depreciation expense 4,600 Salaries payable 2,550 Dividends declared 1,900 Salaries expense 44,350 Equipment 23,400 Supplies 400 Fees earned 89,600 Supplies expense 4,000 Income tax expense 4,700 Utilities...
Current Attempt in Progress The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical...
Current Attempt in Progress The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year. February 28, 2018 Accounts payable 13,700 Income tax payable 4,300 27,600 Insurance expense 3,300 Accounts receivable Accumulated depreciation equipment 5,600 Prepaid insurance 3,000 Cash 18,500 Rent expense 5,800 Common shares 6,730 Retained earnings 21,370 Depreciation expense 4,600 Salaries payable 2,550 Dividends declared 1,900 Salaries expense 44,350 Equipment 23,400 Supplies 400 4,000 Fees earned 89,600 Supplies expense...
Current Attempt in Progress Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical...
Current Attempt in Progress Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, July 31, 2018: Accounts payable $2,880 Interest expense $1,410 Accounts receivable 19,925 Interest payable 1,320 Accumulated depreciation-equipment 5,715 Prepaid insurance 3,600 Bank loan payable, due 2021 24,700 Rent expense 17,690 Cash 7,490 Rent payable Retained earnings 1,210 Common shares 4,870 5,200 Depreciation expense 2,185 Salaries expense 19,140 Dividends declared 460 Salaries payable 2,150 Equipment 25,400 Service...
2. Shown below are selected data taken from the unadjusted and adjusted trial balances for the...
2. Shown below are selected data taken from the unadjusted and adjusted trial balances for the Simonson Company for the current year ended December 31. Determine the items A through 1 below. Simonson Company Trial Balances December Unadjusted Trial Adjusted Trial Balance 10.000 88,270 700 A) 49,600 10,260 Accounts receivable O ve supplies Prepaid insurance Onice equipment Accumulated depreciation « | | Accounts payable Salarios payable Common stock Retained earnings Revenue earned Advertising expense Depreciation expense-Office equipment Insurance expense Ollie...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown below:...
The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown below: TINKER CORPORATION TRIAL BALANCES December 31, 2015 Unadjusted Adjusted Debit Credit Debit Credit Cash $ 35,200 $ 35,200 Accounts receivable 29,120 34,120 Unexpired insurance 1,200 600 Prepaid rent 5,400 3,600 Office supplies 680 380 Equipment 60,000 60,000 Accumulated depreciation: equipment $ 49,000 $ 50,000 Accounts payable 900 900 Notes payable 5,000 5,000 Interest payable 200 250 Salaries payable — 2,100 Income taxes payable 1,570...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
The following account balances, in alphabetical order, are from the general ledger of Anil's Hacking Service...
The following account balances, in alphabetical order, are from the general ledger of Anil's Hacking Service at January 31, 20X1. The firm's accounting year began on January 1. All accounts had normal balances. Accounts Payable $ 1,100 Anil, Drawing $2,750 Accounts Receivable $10,400 Prepaid Insurance $880 Advertising Expense $150 Rent Expense $640 Cash $6,800 Salaries Expense $3,200 Service Fees $16,200 Supplies Expense $2,250 Insurance Expense $80 Supplies on Hand $8,420 Anil, Capital, January 1 $18,500 Utilities Expense $230 REQUIRED (a)...
Question 7 The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable Accounts receivable Accumulated depreciation-equipment 5,600 Prepaid insurance 2,600 Cash Common shares Depreciation expense Dividends declared Equipment Fees earned Income tax expense 12,600 Income tax payable 4,500 28,400 Insurance expense 3,500 5,900 6,580 Retained earnings 20,220 3,450 1,900 Salaries expense 45,050 300 91,700 Supplies expense 4,100 2,500 18,200 Rent expense 4,600 Salaries payable 22,800...
5,400 BE4-11 Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable $13,000 Income tax payable $ 4,550 Accounts receivable 28,000 Insurance expense 3,500 Accumulated depreciation-equipment Prepaid insurance 2,500 Cash 18,000 Rent expense 6,000 Common shares 10,000 Retained earnings 21,000 Depreciation expense 4,400 Salaries payable 3,000 Dividends declared 2,000 Salaries expense 46,400 Equipment 23,450 Supplies 1,000 Fees earned 89,500 Supplies expense 4,000 Income tax expense 4,800...
The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable 13,700 Income tax payable 4,300 Accounts receivable 27,600 Insurance expense 3,300 Accumulated depreciation-equipment 5,600 Prepaid insurance 3,000 Cash 18,500 Rent expense 5,800 Common shares 6,730 Retained earnings 21,370 Depreciation expense 4,600 Salaries payable 2,550 Dividends declared 1,900 Salaries expense 44,350 Equipment 23,400 Supplies 400 Fees earned 89,600 Supplies expense 4,000 Income tax expense 4,700 Utilities...
Current Attempt in Progress The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year. February 28, 2018 Accounts payable 13,700 Income tax payable 4,300 27,600 Insurance expense 3,300 Accounts receivable Accumulated depreciation equipment 5,600 Prepaid insurance 3,000 Cash 18,500 Rent expense 5,800 Common shares 6,730 Retained earnings 21,370 Depreciation expense 4,600 Salaries payable 2,550 Dividends declared 1,900 Salaries expense 44,350 Equipment 23,400 Supplies 400 4,000 Fees earned 89,600 Supplies expense...
Current Attempt in Progress Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, July 31, 2018: Accounts payable $2,880 Interest expense $1,410 Accounts receivable 19,925 Interest payable 1,320 Accumulated depreciation-equipment 5,715 Prepaid insurance 3,600 Bank loan payable, due 2021 24,700 Rent expense 17,690 Cash 7,490 Rent payable Retained earnings 1,210 Common shares 4,870 5,200 Depreciation expense 2,185 Salaries expense 19,140 Dividends declared 460 Salaries payable 2,150 Equipment 25,400 Service...
2. Shown below are selected data taken from the unadjusted and adjusted trial balances for the Simonson Company for the current year ended December 31. Determine the items A through 1 below. Simonson Company Trial Balances December Unadjusted Trial Adjusted Trial Balance 10.000 88,270 700 A) 49,600 10,260 Accounts receivable O ve supplies Prepaid insurance Onice equipment Accumulated depreciation « | | Accounts payable Salarios payable Common stock Retained earnings Revenue earned Advertising expense Depreciation expense-Office equipment Insurance expense Ollie...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
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