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How would you calculate the journal entry for #13 and what
would the exact journal entry...
im just looking for how to calculate journal entries 10 and 11 lame 9) Accrued wages...
im
just looking for how to calculate journal entries 10 and 11
lame 9) Accrued wages payable at year-end should be $75,000. 10) On October 1, 2011, $600,000 was paid for a 24-month operating lease for the building. The lease will be expensed evenly over the lease period. 11) On June 1, 2011, a check for $360,000 was issued for a one-year insurance policy to be expensed evenly over the next 12 months. On June 1, 2012 a check for...
can anyone illustrate the T-accounts that would correspond with this post closing trial balance and the...
can
anyone illustrate the T-accounts that would correspond with this
post closing trial balance and the transactions?
The Post-Closing Trial Balance of Salami, Inc. as of December 31, 2011 appears below. READ EACH DESCRIPTION CAREFULLY and record the transaction for its ending impact for 2012 NO QUESTIONS WILL BE ANSWERED. PRINT CLEARLY and USE COMPLETE Account Titles. 496,000 499,000 50,000 525,000 150,000 875,000 215,000 Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture and Fixtures...
Is this an adjusted trial balance or is it the trial balance before the adjustments? How...
Is this an adjusted trial balance or is it the trial balance
before the adjustments? How can you tell the difference? If it is
unadjusted, what adjustments need to be made? the transactions for
that trial balance are on the following three pages.
Credit Debit 831,000 303,000 40,600 225,000 200,000 1,875,000 215,000 Trial Balance Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture & Fixtures Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings...
General Journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
Prepare the adjusting entries BRZ should record on December 31, 2017 BRZ Inc Trial Balance December...
Prepare the adjusting entries BRZ should record on December 31,
2017
BRZ Inc Trial Balance December 31, 2017 Debit $10,200 57,900 Credit Cash Accounts receivable Allowance for doubtful accounts Prepaid insurance Furniture and fixtures Accumulated depreciation furniture and fixtures Accounts payable Bond payable (8%, 10 year) Common shares Retained earnings Service revenue Salaries and wages expense Rent expense Supplies expense Advertising expense $2,050 1,332 129,000 12,900 14,100 16,000 56,600 57,300 197,582 123,000 24,600 3,100 7,400 Total S356,532 $356,532 Additional information:...
Prepare the closing journal entry. (If no entry is required for a transaction/event, select "No Journal...
Prepare the closing journal entry. (If no entry is required
for a transaction/event, select "No Journal Entry Required" in the
first account field. Enter your answers in thousands of
dollars.)
Post the closing entry and prepare a post-closing trial
balance. (Enter your answers in thousands of dollars.)
Required information The following information applies to the questions displayed below Intemational celebrity Jay and Goku began operations of their machine shop (J& G Tool, Inc.) on January 1, 2016. The annual reporting...
3. By what amount would net income have been understated or overstated had the adjusting journal...
3. By what amount would net income have been understated or overstated had the adjusting journal entries not been recorded? (Enter your answers in thousands of dollars.) Net income by Check my work Part 2 of 7 Required information [The following information applies to the questions displayed below.) Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) points Debit Credit...
Accounting 201 Quiz # 10 Name The following information relates to calendar year 2011: The balance...
Accounting 201 Quiz # 10 Name The following information relates to calendar year 2011: The balance in account receivables at January 1, 2011 is $3,200, The allowance for uncollectible accounts at January 1, 2011 is $100 (normal balance) Total sales for the year are $780,000, of which $160,000 are cash sales; Cost of Goods Sold for the above sales amounted to $400,000; Accounts Receivable written off during the year amount to $6,800; Cash collected from customers for payment of their...
How to write the general journal entry for the following Earned but unpaid salaries at year end amounted to $9,750 $8,35...
How to write the general journal entry for the following Earned but unpaid salaries at year end amounted to $9,750 $8,350 of unearned service revenue was earned during the year. Additional supplies used during the year amounted to $1,600. Additional depreciation of $3,170 on the furniture and fixtures was not recorded. Additional interest revenue of $850 was earned but not received. Prepaid rent at year end was $3,700. Total interest expense for the year was $1,750. Inventory on December 31...
Prepare the adjusting entry for supplies. Prepare the adjusting entry for insurance. Prepare the adjusting entry...
Prepare the adjusting entry for supplies.
Prepare the adjusting entry for insurance.
Prepare the adjusting entry for depreciation.
Exercise 5.5 Journalizing and posting adjustments. LO 5-5 Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $10,600 (supplies totaling $17,200 were purchased on December 1, 2019, and debited to the Supplies account) b. Expired insurance, $7,800; on December 1, 2019, the firm paid $46,800 for six months' insurance coverage in advance and debited Prepaid Insurance for...
im
just looking for how to calculate journal entries 10 and 11
lame 9) Accrued wages payable at year-end should be $75,000. 10) On October 1, 2011, $600,000 was paid for a 24-month operating lease for the building. The lease will be expensed evenly over the lease period. 11) On June 1, 2011, a check for $360,000 was issued for a one-year insurance policy to be expensed evenly over the next 12 months. On June 1, 2012 a check for...
can
anyone illustrate the T-accounts that would correspond with this
post closing trial balance and the transactions?
The Post-Closing Trial Balance of Salami, Inc. as of December 31, 2011 appears below. READ EACH DESCRIPTION CAREFULLY and record the transaction for its ending impact for 2012 NO QUESTIONS WILL BE ANSWERED. PRINT CLEARLY and USE COMPLETE Account Titles. 496,000 499,000 50,000 525,000 150,000 875,000 215,000 Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture and Fixtures...
Is this an adjusted trial balance or is it the trial balance
before the adjustments? How can you tell the difference? If it is
unadjusted, what adjustments need to be made? the transactions for
that trial balance are on the following three pages.
Credit Debit 831,000 303,000 40,600 225,000 200,000 1,875,000 215,000 Trial Balance Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture & Fixtures Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings...
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
Prepare the adjusting entries BRZ should record on December 31,
2017
BRZ Inc Trial Balance December 31, 2017 Debit $10,200 57,900 Credit Cash Accounts receivable Allowance for doubtful accounts Prepaid insurance Furniture and fixtures Accumulated depreciation furniture and fixtures Accounts payable Bond payable (8%, 10 year) Common shares Retained earnings Service revenue Salaries and wages expense Rent expense Supplies expense Advertising expense $2,050 1,332 129,000 12,900 14,100 16,000 56,600 57,300 197,582 123,000 24,600 3,100 7,400 Total S356,532 $356,532 Additional information:...
Prepare the closing journal entry. (If no entry is required
for a transaction/event, select "No Journal Entry Required" in the
first account field. Enter your answers in thousands of
dollars.)
Post the closing entry and prepare a post-closing trial
balance. (Enter your answers in thousands of dollars.)
Required information The following information applies to the questions displayed below Intemational celebrity Jay and Goku began operations of their machine shop (J& G Tool, Inc.) on January 1, 2016. The annual reporting...
3. By what amount would net income have been understated or overstated had the adjusting journal entries not been recorded? (Enter your answers in thousands of dollars.) Net income by Check my work Part 2 of 7 Required information [The following information applies to the questions displayed below.) Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. (Assume amounts are reported in thousands of dollars.) points Debit Credit...
Accounting 201 Quiz # 10 Name The following information relates to calendar year 2011: The balance in account receivables at January 1, 2011 is $3,200, The allowance for uncollectible accounts at January 1, 2011 is $100 (normal balance) Total sales for the year are $780,000, of which $160,000 are cash sales; Cost of Goods Sold for the above sales amounted to $400,000; Accounts Receivable written off during the year amount to $6,800; Cash collected from customers for payment of their...
Prepare the adjusting entry for supplies.
Prepare the adjusting entry for insurance.
Prepare the adjusting entry for depreciation.
Exercise 5.5 Journalizing and posting adjustments. LO 5-5 Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $10,600 (supplies totaling $17,200 were purchased on December 1, 2019, and debited to the Supplies account) b. Expired insurance, $7,800; on December 1, 2019, the firm paid $46,800 for six months' insurance coverage in advance and debited Prepaid Insurance for...
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