Activity 1.a - Verifying Ending Balances for Specific Accounts Calculate and enter the ending balance for each t-account.
Homework Answers
| Accounts Receivable | |||
| Dec.1 | 28,800 | 26,600 | Dec.2 |
| Dec. 2 | 5,700 | 12,200 | Dec.3 |
| Dec.5 | 22,900 | 6,400 | Dec.4 |
| Dec.6 | 11,400 | 1,200 | Dec.6 |
| Dec.7 | 26,700 | 18,000 | Dec.10 |
| Bal. | 47,300 | ||
| Notes Payable | |||
| Dec.1 | 17,200 | 48,100 | Dec.2 |
| Dec. 2 | 2,700 | 21,000 | Dec.3 |
| Dec.5 | 13,100 | 12,800 | Dec.4 |
| Dec.6 | 6,500 | 2,300 | Dec.6 |
| Dec.7 | 15,300 | 32,700 | Dec.10 |
| 62,100 | Bal | ||
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Activity 1.a - Verifying Ending Balances for Specific Accounts
Calculate and enter the ending balance for...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
1) Foot and determine the ending T account balances 2) Prepare a trial balance for DEC...
1) Foot and determine the ending T account balances
2) Prepare a trial balance for DEC 31, 201X
No need explanation.(just want to check my answer)
Cleaning Fees Earned 411 Cash 111 7,000 (D) 1,000 (E) Accounts Payable 211 (D) 700 (C) 1,200 (B) (A) (G) 12,000 700 300 550 250 Bal Bal D Bal Bal WE EE 1,000 Bal Bal D Accounts Receivable 112 12,000 (G) Brett Jane, Capital 311 Rent Expense 511 550 (B) 1,000 (A) 7,000 (F)...
PART 2: Post to the Ledger Post all transactions to the t-accounts and calculate ending balances....
PART 2: Post to the Ledger Post all transactions to the t-accounts and calculate ending balances. Be sure to enter a zero on the normal side of the account for any accounts with a zero balance. Post all transactions in chronological order. Enter your solutions in the first available cell in each T-Account. Date Accounts Debit Credit Dec. 1 Cash 21,400 Furniture 11,500 Common Stock 32,900 Date Accounts Debit Credit Dec. 1 Prepaid Insurance 1,700 Cash 1,700 Date Accounts Debit...
1. Enter beginning balances in the T-accounts from the Beginning Balance Sheet, all accounts have normal...
1. Enter beginning balances in the T-accounts from the Beginning Balance Sheet, all accounts have normal balances. Common Stock has 200,000 shares issued and outstanding. 2. Additional information: Company uses a perpetual inventory system (discounts and freight are recorded in the inventory account). Suppliers offer a 2% discount; company does not offer discounts to customers. No adjustment for inventory is needed. 3. Record the following summarized August transactions using the general journal provided. Use a blank line between transactions. Use...
1. Enter beginning balances in the T-accounts from the Beginning Balance Sheet, all accounts have normal...
1. Enter beginning balances in the T-accounts from the Beginning Balance Sheet, all accounts have normal balances. Common Stock has 200,000 shares issued and outstanding. 2. Additional information: Company uses a perpetual inventory system (discounts and freight are recorded in the inventory account). Suppliers offer a 2% discount; company does not offer discounts to customers. No adjustment for inventory is needed. 3. Record the following summarized August transactions using the general journal provided. Use a blank line between transactions. Use...
Required: 1., 3. 6. & 10. Enter the unadjusted balances from the trial balance and post...
Required:
1., 3. 6. & 10. Enter the unadjusted
balances from the trial balance and post the adjusting entries to
the T-accounts, and post the closing entries to the T-accounts.
Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits $13,000 Cash Accounts Receivable 6,600 2,600 17,000 Supplies Equipment Accumulated...
1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter...
1, 3, 5 and 8. Set up T-accounts for the
accounts on the trial balance. Enter beginning balances and post
the transactions (a)-(j), adjusting entries
(k)-(p), and closing entry. (Enter your answers in
thousands of dollars.)
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to...
1. Enter beginning balances in the T-accounts from the Beginning Balance Sheet, all accounts have normal...
1. Enter beginning balances in the T-accounts from the Beginning
Balance Sheet, all accounts have normal balances. Common Stock has
200,000 shares issued and outstanding. 2. Additional information:
Company uses a perpetual inventory system (discounts and freight
are recorded in the inventory account). Suppliers offer a 2%
discount; the company does not offer discounts to customers. No
adjustment for inventory is needed.
3. Record the following summarized August transactions in a
general journal. Use a blank line between
transactions. Use...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
1) Foot and determine the ending T account balances
2) Prepare a trial balance for DEC 31, 201X
No need explanation.(just want to check my answer)
Cleaning Fees Earned 411 Cash 111 7,000 (D) 1,000 (E) Accounts Payable 211 (D) 700 (C) 1,200 (B) (A) (G) 12,000 700 300 550 250 Bal Bal D Bal Bal WE EE 1,000 Bal Bal D Accounts Receivable 112 12,000 (G) Brett Jane, Capital 311 Rent Expense 511 550 (B) 1,000 (A) 7,000 (F)...
PART 2: Post to the Ledger Post all transactions to the t-accounts and calculate ending balances. Be sure to enter a zero on the normal side of the account for any accounts with a zero balance. Post all transactions in chronological order. Enter your solutions in the first available cell in each T-Account. Date Accounts Debit Credit Dec. 1 Cash 21,400 Furniture 11,500 Common Stock 32,900 Date Accounts Debit Credit Dec. 1 Prepaid Insurance 1,700 Cash 1,700 Date Accounts Debit...
1. Enter beginning balances in the T-accounts from the Beginning Balance Sheet, all accounts have normal balances. Common Stock has 200,000 shares issued and outstanding. 2. Additional information: Company uses a perpetual inventory system (discounts and freight are recorded in the inventory account). Suppliers offer a 2% discount; company does not offer discounts to customers. No adjustment for inventory is needed. 3. Record the following summarized August transactions using the general journal provided. Use a blank line between transactions. Use...
Required:
1., 3. 6. & 10. Enter the unadjusted
balances from the trial balance and post the adjusting entries to
the T-accounts, and post the closing entries to the T-accounts.
Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits $13,000 Cash Accounts Receivable 6,600 2,600 17,000 Supplies Equipment Accumulated...
1, 3, 5 and 8. Set up T-accounts for the
accounts on the trial balance. Enter beginning balances and post
the transactions (a)-(j), adjusting entries
(k)-(p), and closing entry. (Enter your answers in
thousands of dollars.)
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to...
1. Enter beginning balances in the T-accounts from the Beginning
Balance Sheet, all accounts have normal balances. Common Stock has
200,000 shares issued and outstanding. 2. Additional information:
Company uses a perpetual inventory system (discounts and freight
are recorded in the inventory account). Suppliers offer a 2%
discount; the company does not offer discounts to customers. No
adjustment for inventory is needed.
3. Record the following summarized August transactions in a
general journal. Use a blank line between
transactions. Use...
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