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WCC Financial Accounting Mid-Term FM: NO (10) 1. Prepare a classified balance sheet for MARK Corporation...
The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Credits Debits $...
The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Credits Debits $ 22.500 55.000 22,500 4,500 100,000 45,000 277,500 Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals 80.000 37,500 65.000 10.000 120,000 150,000 64,500 $527.000 $527.000 Prepare a classified balance sheet for Strong Corporation at December 31, 2012.
WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended...
WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended December 31, 2019. (10) FM Credit Debit $ 8.000 18,000 415,000 Cash Prepaid Rent Land Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Totals $ 10,000 14.000 250.000 64.000 10,000 350,000 190,000 21.000 26.000 $688,000 $688.000 4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts...
Wolod bo92919 i SIOSTE todmsos 16 Yaequo fobrio Y Toilortalidah bteu bodo 164. The December 31,...
Wolod bo92919 i SIOSTE todmsos 16 Yaequo fobrio Y Toilortalidah bteu bodo 164. The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Tids 000.8 000. Debits Credits Cash 000 $ 22,500 Investments 000.00 55,000 oldisn' Accounts Receivable 00011 22,500 Prepaid Insurance 000025 4,500 olomo Supplies 100,000 agnum bols Land borvid Buildings 000,02 277,500 unos Accumulated Depreciation 000.00 80,000 Accounts Payable 000.15 37,500 basqa Notes Payable, due 2013 65,000 an Interest Payable 000 10,000 indot Notes Payable,...
ON 1 The Role of Accounting as an Information System Required: Prepare a classified balance sheet...
ON 1 The Role of Accounting as an Information System Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Debits Credits Cash $ 25,000 Accounts receivable 56,000 Inventory 81,000 Interest payable $ 10,000 Investment in equity securities 44,000 Land 120,000 Buildings 300,000 Accumulated depreciation-buildings 100,000 Equipment 75,000 Accumulated depreciation-equipment 25,000...
Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each...
Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of 144 SECTION 1 The Role of Accounting Required: the accounts Credits The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Debits E 3-5 Balance sheet preparation • LO3-2, LO3-3 $ 25,000 56,000 81.000 $ 10,000 44.000 120,000 300,000 100,000 75,000 Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated...
prepare a classified balance sheet STION #1 ( 22 The following partial worksheet is for Patel's...
prepare a classified balance sheet
STION #1 ( 22 The following partial worksheet is for Patel's Exterminating Co.: Patel's Exterminating Co. Adjusted Trial Balance December 31, 2019 Credit Debit Account $ 25,000 19,000 8,500 7,000 60,000 150,000 Cash Accounts Receivable Prepaid insurance Office supplies Land Building Accumulated depreciation Loan Receivable - (due 6/2020) Accounts payable Salaries payable Unearned service revenue $20,000 55,000 25,000 3,000 13,000 90,000 99,000 Mortgage payable - (due 12/2021) Sid Patel, capital Sid Patel, withdrawals Service revenue...
1. prepare retained earnings statement for the year. 2. prepare a classified balance sheet as of...
1. prepare retained earnings statement for the year.
2. prepare a classified balance sheet as of Nov. 30,
2020.
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances...
accounting 200 financial statement homework #1 Jung Company Adjusted Trial Balance December 31, 2018 115 115,000...
accounting 200
financial statement homework #1
Jung Company Adjusted Trial Balance December 31, 2018 115 115,000 21,000 3,000 36,000 110,000 15,000 65,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 35,000 8,000 15,900 1,000 47,000 35,000 55,100 4,000 480,000 8,000...
Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the ending balances of accounts...
Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation Credits Debit 40.000 86.000 111,000 25.000 74.000 150.000 375.000 115.000 105,000 Account Title Cash Accounts receivable Inventory Interest payable Investment an equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses next 12 months) Accounts payable Det er red revenue Inext 12 months) Notes payable Allowance for uncollectible accounts Comon stock...
Instructions: 1.Discuss individual elemnts and prepare the proper statement of classified balance sheet. 2.what would the...
Instructions: 1.Discuss individual elemnts and prepare the
proper statement of classified balance sheet. 2.what would the
difference beif the company was using perpetual inventory
accounting system ?
D CASH FLOW STATEMENT BALANCE SHES XOX Total PPE Intangible assets Tocal intangible assets Total assets Land Land for future plant site Loss from flood Notes payable (due next year) Patent Payroll taxes payable Pension obligations Petty cash Preferred stock Premium on bonds payable Premium on preferred stock Prepaid rent Purchases Purchase returns...
The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Credits Debits $ 22.500 55.000 22,500 4,500 100,000 45,000 277,500 Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals 80.000 37,500 65.000 10.000 120,000 150,000 64,500 $527.000 $527.000 Prepare a classified balance sheet for Strong Corporation at December 31, 2012.
WCC Financial Accounting Mid-Term 3. Prepare the closing entries for YORK Company for the year ended December 31, 2019. (10) FM Credit Debit $ 8.000 18,000 415,000 Cash Prepaid Rent Land Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Totals $ 10,000 14.000 250.000 64.000 10,000 350,000 190,000 21.000 26.000 $688,000 $688.000 4. Below are the account balances for Huffman Corporation at the end of December. Use only the appropriate accounts...
Wolod bo92919 i SIOSTE todmsos 16 Yaequo fobrio Y Toilortalidah bteu bodo 164. The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Tids 000.8 000. Debits Credits Cash 000 $ 22,500 Investments 000.00 55,000 oldisn' Accounts Receivable 00011 22,500 Prepaid Insurance 000025 4,500 olomo Supplies 100,000 agnum bols Land borvid Buildings 000,02 277,500 unos Accumulated Depreciation 000.00 80,000 Accounts Payable 000.15 37,500 basqa Notes Payable, due 2013 65,000 an Interest Payable 000 10,000 indot Notes Payable,...
ON 1 The Role of Accounting as an Information System Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Debits Credits Cash $ 25,000 Accounts receivable 56,000 Inventory 81,000 Interest payable $ 10,000 Investment in equity securities 44,000 Land 120,000 Buildings 300,000 Accumulated depreciation-buildings 100,000 Equipment 75,000 Accumulated depreciation-equipment 25,000...
Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of 144 SECTION 1 The Role of Accounting Required: the accounts Credits The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Debits E 3-5 Balance sheet preparation • LO3-2, LO3-3 $ 25,000 56,000 81.000 $ 10,000 44.000 120,000 300,000 100,000 75,000 Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated...
prepare a classified balance sheet
STION #1 ( 22 The following partial worksheet is for Patel's Exterminating Co.: Patel's Exterminating Co. Adjusted Trial Balance December 31, 2019 Credit Debit Account $ 25,000 19,000 8,500 7,000 60,000 150,000 Cash Accounts Receivable Prepaid insurance Office supplies Land Building Accumulated depreciation Loan Receivable - (due 6/2020) Accounts payable Salaries payable Unearned service revenue $20,000 55,000 25,000 3,000 13,000 90,000 99,000 Mortgage payable - (due 12/2021) Sid Patel, capital Sid Patel, withdrawals Service revenue...
1. prepare retained earnings statement for the year.
2. prepare a classified balance sheet as of Nov. 30,
2020.
Problem 3-04 The trial balance of Kingbird Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit KINGBIRD FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,600 Accounts Receivable 37,300 Inventory 48,600 Supplies 9,100 Equipment 140,200 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances...
accounting 200
financial statement homework #1
Jung Company Adjusted Trial Balance December 31, 2018 115 115,000 21,000 3,000 36,000 110,000 15,000 65,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 35,000 8,000 15,900 1,000 47,000 35,000 55,100 4,000 480,000 8,000...
Exercise 3-5 (Algo) Balance sheet preparation [LO3-2, 3-3] The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation Credits Debit 40.000 86.000 111,000 25.000 74.000 150.000 375.000 115.000 105,000 Account Title Cash Accounts receivable Inventory Interest payable Investment an equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses next 12 months) Accounts payable Det er red revenue Inext 12 months) Notes payable Allowance for uncollectible accounts Comon stock...
Instructions: 1.Discuss individual elemnts and prepare the
proper statement of classified balance sheet. 2.what would the
difference beif the company was using perpetual inventory
accounting system ?
D CASH FLOW STATEMENT BALANCE SHES XOX Total PPE Intangible assets Tocal intangible assets Total assets Land Land for future plant site Loss from flood Notes payable (due next year) Patent Payroll taxes payable Pension obligations Petty cash Preferred stock Premium on bonds payable Premium on preferred stock Prepaid rent Purchases Purchase returns...
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