2. Think about a veterinary practice. On the worksheet, list the accounts that you feel would...
2. Think about a veterinary practice. On the worksheet, list the accounts that you feel would be required in the business’s Chart of Accounts.
3. In the second column, list the type of account for each.
4. In the third column, state whether the normal balance for the account would be a debit or a credit.
Homework Answers
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2. Think about a veterinary practice. On the worksheet, list the
accounts that you feel would...
Think about a veterinary practice. In the left column of the table below, list the accounts...
Think about a veterinary practice. In the left column of the table below, list the accounts you think would be required in the business's Chart of Accounts. In the middle column, indicate the account type for each account listed and in the right column, indicate whether the normal balance for each account would be a debit or a credit. Account Name Account Type Normal Balance
O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries...
O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries 3. Prepare a post-closing trial balance Print Done VOIKSILLE December 31, 2018 Unadjusted Trial Balance Adjustments income Statement Debit Credit Balan Debit Account Names Debit Credit Debit Credit Cash (1) S 500 33,500 9.700 1,300 9.000 29.000 (b) $ (a) 125 700 Adjusted Trial Balance Debit Credit 33,500 10.300 1,175 8,300 29.000 1.700 3.500 (C) 1700 3.500 330 330 (e) 1175 700 Accounts Receivable...
In this chapter we were provided a chart of accounts with sixteen accounts in exhibit 2...
In this chapter we were provided a chart of accounts with sixteen accounts in exhibit 2 in the text Prom that chart of accounts select an account (try to pick one that has not been discussed yet), in subject box put the account title you selected, then do the following: Assets. Liabilities. Owner's Equity. Revenues, and Expenses are the five categories (account s) that an account can be classified as. Which category is the account you selected included in? The...
HD QUOSLIUI. 40 LS 3 of 3 Chicago Veterinary Hospital completed the following worksheet as of...
HD QUOSLIUI. 40 LS 3 of 3 Chicago Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet.) Read the requirements Requirement 1. Complete the worksheet for Chicago Veterinary Hospital Complete the worksheet by preparing the income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Chicago Veterinary Hospital Worksheet December 31, 2018 Balance Adjusted Trial Balance Income Statement Sheet Account Names Debit...
Review the T accounts presented in Chapter 3. 1. What do you think of when you hear...
Review the T accounts presented in Chapter 3. 1. What do you think of when you hear the word debit? What do you think of when you hear the word credit? 2. What does our textbook say about debits and credits? 3. How would you describe the left and right side of each type of Balance Sheet Account and Income Statement Account? 4. Our eBook describes how to calculate an account balance. Can you describe this process for the Cash account in your own...
1) A worksheet is a: A) formal document shown with a company's annual report. B) formal...
1) A worksheet is a: A) formal document shown with a company's annual report. B) formal document required by the Canada Revenue Agency. C) formal document required by creditors. D) multicolumn document used by accountants to aid in the preparation of the financial statements. 2) All of the following are listed on a worksheet except: A) a debit and credit column for a statement of owner's equity. B) a debit and credit column for an income statement. C) a debit...
See the Chart of Accounts in exhibit 2 in the book. It lists 16 accounts. From...
See the Chart of Accounts in exhibit 2 in the book. It lists 16 accounts. From that chart of accounts, select an account, other than cash (try to pick one that has not been discussed yet). In the subject box of the discussion, put the account title you selected. Answer the following questions: 1. Assets, Liabilities, Owner's Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account you...
E4-26 (similar to) Boston Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click...
E4-26 (similar to) Boston Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet.) Read the requirements. Requirement 1. Complete the worksheet for Boston Veterinary Hospital. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Boston Veterinary Hospital Worksheet December 31, 2018 Income Adjusted Trial Balance Statement Account Names Debit Credit Debit Credit 34,100 10,400 350...
JUUSTIVE See the Chart of Accounts in exhibit 2 in the book. It lists 16 accounts....
JUUSTIVE See the Chart of Accounts in exhibit 2 in the book. It lists 16 accounts. From that chart of accounts, select an account, other than cash (try to pick one that has not been discussed yet). In the subject box of the discussion, put the account title you selected. Answer the following questions: 1. Assets, Liabilities, Owner's Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account...
In Excel, create a four column chart of accounts for a fictitious company in your pathway....
In Excel, create a four column chart of accounts for a fictitious company in your pathway. The company should be a sole proprietor and a service business. In the upper left side of your worksheet list your name, your company name and your pathway. Write a short description of what your company does. Your Chart of Accounts must include the following: List at least 16 accounts. At least 6 account titles should be customized for your specific company. Assign a...
Think about a veterinary practice. In the left column of the table below, list the accounts you think would be required in the business's Chart of Accounts. In the middle column, indicate the account type for each account listed and in the right column, indicate whether the normal balance for each account would be a debit or a credit. Account Name Account Type Normal Balance
O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries 3. Prepare a post-closing trial balance Print Done VOIKSILLE December 31, 2018 Unadjusted Trial Balance Adjustments income Statement Debit Credit Balan Debit Account Names Debit Credit Debit Credit Cash (1) S 500 33,500 9.700 1,300 9.000 29.000 (b) $ (a) 125 700 Adjusted Trial Balance Debit Credit 33,500 10.300 1,175 8,300 29.000 1.700 3.500 (C) 1700 3.500 330 330 (e) 1175 700 Accounts Receivable...
In this chapter we were provided a chart of accounts with sixteen accounts in exhibit 2 in the text Prom that chart of accounts select an account (try to pick one that has not been discussed yet), in subject box put the account title you selected, then do the following: Assets. Liabilities. Owner's Equity. Revenues, and Expenses are the five categories (account s) that an account can be classified as. Which category is the account you selected included in? The...
HD QUOSLIUI. 40 LS 3 of 3 Chicago Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet.) Read the requirements Requirement 1. Complete the worksheet for Chicago Veterinary Hospital Complete the worksheet by preparing the income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Chicago Veterinary Hospital Worksheet December 31, 2018 Balance Adjusted Trial Balance Income Statement Sheet Account Names Debit...
E4-26 (similar to) Boston Veterinary Hospital completed the following worksheet as of December 31, 2018 (Click the icon to view the partial worksheet.) Read the requirements. Requirement 1. Complete the worksheet for Boston Veterinary Hospital. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Boston Veterinary Hospital Worksheet December 31, 2018 Income Adjusted Trial Balance Statement Account Names Debit Credit Debit Credit 34,100 10,400 350...
JUUSTIVE See the Chart of Accounts in exhibit 2 in the book. It lists 16 accounts. From that chart of accounts, select an account, other than cash (try to pick one that has not been discussed yet). In the subject box of the discussion, put the account title you selected. Answer the following questions: 1. Assets, Liabilities, Owner's Equity, Revenues, and Expenses are the five categories (account types) that an account can be classified as. Which category is the account...
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