help give me correct answersHomework Answers
| Normal balance | |||
| 1 | Deferred/Unearned Revenue | Credit | Liabilities have normal credit balance |
| 2 | Utilities expense | Debit | Expenses have normal debit balance |
| 3 | Service Revenue | Credit | Revenues have normal credit balance |
| 4 | Dividends | Debit | Dividends have normal debit balance |
| 5 | Retained Earnings | Credit | Stockholders' Equity have normal credit balance |
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23000 375 2000 123 1000 Exercise 5 (5 points total): For...
Your study partner is having trouble getting total debits to equal total credits in the trial...
Your study partner is having trouble getting total debits to equal total credits in the trial balance. Credit $ 2,000 ki, 300 Trial Balance Accounts Debit Cash $ 7,100 Accounts Receivable Equipment 10,200 Accounts Payable 3,700 Deferred Revenue Common Stock 12,000 Retained Earnings Dividends 800 Service Revenue Salaries Expense 3,000 Utilities Expense Total $36,800 2,500 4,300 700 $10,800 Prepare a corrected trial balance by placing each account balance in the correct debit or credit column. Trial Balance Debit Credit Accounts...
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following...
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit $ 4,910 4,180 BLOSSOM COMPANY Trial Balance December 31, 2022 Debit Cash $37,000 Prepaid Insurance Accounts Payable Unearned Service Revenue 4,000 Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 11,770 Rent Expense $52,770 26,000 5,120 7,830 27,010 4,800 $79,850 BLOSSOM COMPANY Tral Balance...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance Accounts Payable. a. b. < > < > < d. Advertising Expense. Service Revenue. Accounts Receivable. Retained Earnings. Dividends. < e. f. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress For each of the following...
please check my work and fill out the remaining. Saved Help Sav Your study partner is...
please check my work and fill out the remaining.
Saved Help Sav Your study partner is having trouble getting total debits to equal total credits in the trial balance. Credit $ 1,100 Trial Balance Accounts Debit Cash $ 5,300 Accounts Receivable Equipment 8,400 Accounts Payable 1,900 Deferred Revenue Common Stock 12,000 Retained Earnings Dividends 800 Service Revenue Salaries Expense 4,200 Utilities Expense 1,300 2,800 2,500 SO 700 Total $32,600 $8,400 Prepare a corrected trial balance by placing each account balance...
TR00 2000 Adjusted Trial Balance Debit Credit Cash S32.000 Accounts receivable 28.000 Supplies 3.500 Prepaid Insurance...
TR00 2000 Adjusted Trial Balance Debit Credit Cash S32.000 Accounts receivable 28.000 Supplies 3.500 Prepaid Insurance 6.000 Property. Plant & Equipment 995.000 Accumulated depreciation Accounts payable 122000 Salaries payable Utilities payable Deferred revenue Notes payable (due in 5yrs) 300.000 Common stock 220.000 Retained earnings 100 000 Dividends 25.000 Service revenue-new construction 620,000 Service revenue remodeling 310.000 Salaries expense Depreciation expense 90.000 Interest expense 12.000 Supplies expense 7.500 Utilities expense Service fee expense 167,500 Total $1.822.500 51.822.500 6.000 1. Net income...
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1),...
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or Statement of cash flows (CF) from the drop down provided. Postage expense b. Common stock c. Dividends d. Rent expense e. Note payable f. Supplies expense g. Supplies h. Insurance expense i. Equipment Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. c. e....
32-39 For each of the following accounts, indicate whether each is increased by (has a "normal"...
32-39
For each of the following accounts, indicate whether each is increased by (has a "normal" balance of): A. Do not use letter A B. Do not use letter B C. Credit D. Debit 32. Accounts Receivable 33. Accounts Payable 34. Insurance Expense 35. Unearned Revenue 36. Service Revenue 37. Retained Earnings 38. Cash 39. Dividends
I need help with 1-5 Use the following to answer questions 1 - 5 Determine if...
I need help with 1-5
Use the following to answer questions 1 - 5 Determine if the normal balance is a Debit (D) or a Credit (C). Input only the first letter of the answer (D or C). Account Normal Balance D or C Accounts receivable Dividends Salaries payable Utilities Service revenue
Please help with correct answer and explaination if possible, thx!(: 4. The accountant for Monroe Company...
Please help with correct answer and explaination if possible,
thx!(:
4. The accountant for Monroe Company mistakenly omitted the adjusting entry to record accrued fees of $2,000 for services provided to customers and not yet billed. Indicate the effect of the error on the income statement and the balance sheet by inserting "overstated" or "understated" in the space provided. If an item is not affected, leave the space blank. Assets Liabilities Stockholders Equity Revenues Expenses Net Income I 5. What...
Can someone help me with this question? This is the trial balance of Wildhorse Co. on...
Can someone help me with this question?
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid...
Your study partner is having trouble getting total debits to equal total credits in the trial balance. Credit $ 2,000 ki, 300 Trial Balance Accounts Debit Cash $ 7,100 Accounts Receivable Equipment 10,200 Accounts Payable 3,700 Deferred Revenue Common Stock 12,000 Retained Earnings Dividends 800 Service Revenue Salaries Expense 3,000 Utilities Expense Total $36,800 2,500 4,300 700 $10,800 Prepare a corrected trial balance by placing each account balance in the correct debit or credit column. Trial Balance Debit Credit Accounts...
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit $ 4,910 4,180 BLOSSOM COMPANY Trial Balance December 31, 2022 Debit Cash $37,000 Prepaid Insurance Accounts Payable Unearned Service Revenue 4,000 Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 11,770 Rent Expense $52,770 26,000 5,120 7,830 27,010 4,800 $79,850 BLOSSOM COMPANY Tral Balance...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance Accounts Payable. a. b. < > < > < d. Advertising Expense. Service Revenue. Accounts Receivable. Retained Earnings. Dividends. < e. f. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress For each of the following...
please check my work and fill out the remaining.
Saved Help Sav Your study partner is having trouble getting total debits to equal total credits in the trial balance. Credit $ 1,100 Trial Balance Accounts Debit Cash $ 5,300 Accounts Receivable Equipment 8,400 Accounts Payable 1,900 Deferred Revenue Common Stock 12,000 Retained Earnings Dividends 800 Service Revenue Salaries Expense 4,200 Utilities Expense 1,300 2,800 2,500 SO 700 Total $32,600 $8,400 Prepare a corrected trial balance by placing each account balance...
TR00 2000 Adjusted Trial Balance Debit Credit Cash S32.000 Accounts receivable 28.000 Supplies 3.500 Prepaid Insurance 6.000 Property. Plant & Equipment 995.000 Accumulated depreciation Accounts payable 122000 Salaries payable Utilities payable Deferred revenue Notes payable (due in 5yrs) 300.000 Common stock 220.000 Retained earnings 100 000 Dividends 25.000 Service revenue-new construction 620,000 Service revenue remodeling 310.000 Salaries expense Depreciation expense 90.000 Interest expense 12.000 Supplies expense 7.500 Utilities expense Service fee expense 167,500 Total $1.822.500 51.822.500 6.000 1. Net income...
Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (1), balance sheet (B), statement of retained earnings (E), or Statement of cash flows (CF) from the drop down provided. Postage expense b. Common stock c. Dividends d. Rent expense e. Note payable f. Supplies expense g. Supplies h. Insurance expense i. Equipment Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. c. e....
32-39
For each of the following accounts, indicate whether each is increased by (has a "normal" balance of): A. Do not use letter A B. Do not use letter B C. Credit D. Debit 32. Accounts Receivable 33. Accounts Payable 34. Insurance Expense 35. Unearned Revenue 36. Service Revenue 37. Retained Earnings 38. Cash 39. Dividends
I need help with 1-5
Use the following to answer questions 1 - 5 Determine if the normal balance is a Debit (D) or a Credit (C). Input only the first letter of the answer (D or C). Account Normal Balance D or C Accounts receivable Dividends Salaries payable Utilities Service revenue
Please help with correct answer and explaination if possible,
thx!(:
4. The accountant for Monroe Company mistakenly omitted the adjusting entry to record accrued fees of $2,000 for services provided to customers and not yet billed. Indicate the effect of the error on the income statement and the balance sheet by inserting "overstated" or "understated" in the space provided. If an item is not affected, leave the space blank. Assets Liabilities Stockholders Equity Revenues Expenses Net Income I 5. What...
Can someone help me with this question?
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid...
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