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On January 31, 2019, the general ledger of Palmer Company showed the following account balances. 61,500...
On January 31, 2019, the general ledger of Palmer Company showed the following account balances. ACCOUNTS...
On January 31, 2019, the general ledger of Palmer Company showed the following account balances. ACCOUNTS Cash 31,500 Accounts Receivable 11,250 Supplies 4,500 Prepaid Insurance 4,100 Equipment 45,750 Accum. Depr.—Equip. 0 Accounts Payable 8,350 Sadie Palmer, Capital 40,975 Fees Income 58,500 Depreciation Exp.—Equip. 0 Insurance Expense 0 Rent Expense 5,300 Salaries Expense 5,425 Supplies Expense 0 Additional information: Supplies used during January totaled $2,850. Expired insurance totaled $1,025. Depreciation expense for the month was $925. Complete the worksheet through the...
On January 31, 2019, the general ledger of palmer Company showed the following account balances. Accounts...
On January 31, 2019, the general ledger of palmer Company showed the following account balances. Accounts cash. 61,400 accounta Receivable. 20,900 supplies. 7,400 prepaid insurance. 6,600 Equipment. 89,900 accumulated. Depr.- Equip. 0 accounts payable. 15,100 sadie palmer, capital. 80,350 fees income. 109,000 Depreciation Exp.-Equip. 0 Insurance Expense. 0 Rent Expense. 9,000 salaries Expense. 9,250 supplies expense. 0 a. spuulies used during January totaled $4,900. b. Expired insurance totaled $1,650. c. Depreciation expense for the month was $1,425 Complete the worksheet...
Please make the Palmer Chart understandable so I can understand how you solved. On January 31,...
Please make the Palmer Chart
understandable so I can understand how you solved.
On January 31, 2019, the general ledger of Palmer Company showed the following account balances OUNTS ach 62,800 22,300 Accounts Receivable Supp Insurance 8,886 91.300 Equipment Accum. Depr-Equip. 16,58 81.750 Sadie Palmer, Capital Fees Income 116,000 Equip. Tosurance E xnense Rent Expense 18,400 18.650 Supn1ies Expense Addltlonal Information: a. Supplies used during January totaled $5.600. b. Expired insurance totaled $2.000. c. Depreciation expense for the month was...
3 2 CI On January 31, 2016, the general ledger account balances. ny showed the following...
3 2 CI On January 31, 2016, the general ledger account balances. ny showed the following ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. Accounts Payable Lorraine Meeks, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 61,200 20,700 7,200 6,400 89,700 0 14.900 80,150 108,000 8.800 9,050 Additional information: a. Supplies used during January totaled $4,800. b. Expired insurance totaled $1.600. c. Depreciation expense for the month was $1,375. Complete the worksheet through...
The trial balance of Neal Company as of January 31, 2019, after the company completed the...
The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below. Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month $7,400, expired insurance, $7,100; depreciation expense for the period, $3,200. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete...
Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end...
Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. NEAL...
Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operati...
Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below. End-of-the-month adjustments must account for the following items: $950 a. Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. c. Rent of $1,450 expired during the month d. Depreciation is computed using the straight-line method....
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 7,100 1,950 1,800 710 17,500 3, see 3,150 15,300 3,600 16, 800 760 610 560 3,15e 1,01e Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD...
The following unadjusted trial balance is for Wright's Wrecking Ball Company as of December 31", 2019....
The following unadjusted trial balance is for Wright's Wrecking Ball Company as of December 31", 2019. The December 31" 2018 balance in the owner's capital account was $50,000, and the owner invested $40,000 cash in the company during 2019. Debit Credit $ 10,000 15.000 14.000 150,000 $ 10,000 4,650 Cash Supplies Prepaid insurance Equipment Accum. Dep. - Equipment Accounts payable Interest payable Rent payable Wages payable Property taxes payable Utilities payable Long-term notes payable Owner's Capital Withdrawals Fees earned Depreciation...
The adjusted trial balance of University Book Store as of November 30, 2019, after the firm's...
The adjusted trial balance of University Book Store as of November 30, 2019, after the firm's first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during the month, $4,700. b. Expired rent for the month, $5.900. c. Depreciation expense for the month, $1,950. UNIVERSITY BOOK STORE Adjusted Trial Balance November 30, 2019 Account Name Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Ruby Darbandi, Capital Ruby Darbandi,...
Please make the Palmer Chart
understandable so I can understand how you solved.
On January 31, 2019, the general ledger of Palmer Company showed the following account balances OUNTS ach 62,800 22,300 Accounts Receivable Supp Insurance 8,886 91.300 Equipment Accum. Depr-Equip. 16,58 81.750 Sadie Palmer, Capital Fees Income 116,000 Equip. Tosurance E xnense Rent Expense 18,400 18.650 Supn1ies Expense Addltlonal Information: a. Supplies used during January totaled $5.600. b. Expired insurance totaled $2.000. c. Depreciation expense for the month was...
3 2 CI On January 31, 2016, the general ledger account balances. ny showed the following ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. Accounts Payable Lorraine Meeks, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 61,200 20,700 7,200 6,400 89,700 0 14.900 80,150 108,000 8.800 9,050 Additional information: a. Supplies used during January totaled $4,800. b. Expired insurance totaled $1.600. c. Depreciation expense for the month was $1,375. Complete the worksheet through...
The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below. Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month $7,400, expired insurance, $7,100; depreciation expense for the period, $3,200. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete...
Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the worksheet by making the following adjustments: supplies on hand at the end of the month, $7,200; expired insurance, $7,000; depreciation expense for the period, $3,100. NEAL...
Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below. End-of-the-month adjustments must account for the following items: $950 a. Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. c. Rent of $1,450 expired during the month d. Depreciation is computed using the straight-line method....
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 7,100 1,950 1,800 710 17,500 3, see 3,150 15,300 3,600 16, 800 760 610 560 3,15e 1,01e Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD...
The following unadjusted trial balance is for Wright's Wrecking Ball Company as of December 31", 2019. The December 31" 2018 balance in the owner's capital account was $50,000, and the owner invested $40,000 cash in the company during 2019. Debit Credit $ 10,000 15.000 14.000 150,000 $ 10,000 4,650 Cash Supplies Prepaid insurance Equipment Accum. Dep. - Equipment Accounts payable Interest payable Rent payable Wages payable Property taxes payable Utilities payable Long-term notes payable Owner's Capital Withdrawals Fees earned Depreciation...
The adjusted trial balance of University Book Store as of November 30, 2019, after the firm's first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during the month, $4,700. b. Expired rent for the month, $5.900. c. Depreciation expense for the month, $1,950. UNIVERSITY BOOK STORE Adjusted Trial Balance November 30, 2019 Account Name Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Ruby Darbandi, Capital Ruby Darbandi,...
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