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Bob's Repairs Shop's。ice supplies balance is S 1 900 on November 1 and the balance in...
Bob's Repairs Shop's Office supplies balance is $1,900 on November 1, and the balance in Office...
Bob's Repairs Shop's Office supplies balance is $1,900 on November 1, and the balance in Office suppies expense is SO. On November 30, 5350 of supplies are on hand Journalice and post the adjusting entry on November 30 for the supplies used Compute the balances of the two accounts invoved on November 30 de Post the adjusting entry to the T.accounts below, and then calculate the ending balances of the accounts (along with a "Bar posting reterence) on November 30....
At the beginning of the month, supplies were $ 2,500. During the month, $3,500 of supplies...
At the beginning of the month, supplies were $ 2,500. During the month, $3,500 of supplies were purchased. At month's end, 500 of supplies are still on hand. What is the • adjusting entry? •ending balance in the Supplies account? First, prepare the adjusting journal entry for Supplies. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts and Explanations Debit Credit The ending balance in the Supplies account was $ .
Suppose Ron's Ltd. holds a loan receivable from a client. At the end of November, $250...
Suppose Ron's Ltd. holds a loan receivable from a client. At the end of November, $250 of interest revenue has been earned but not received. Prepare the adjusting entry at November 30. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit Nov. 30
Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the...
Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the physical count of inventory on hand on June 30, 2018, was 4.500. In addition, Emerson Sl. Book Shops approximately $1,000 of merchandise sold will be returned with a cost of $400 Requirements 1. Joumal the adjustment for inventory shrinkage 2 Joumalize the adjustment for estimated sales returns Requirement 1. Joumaize the adjustment for inventory stage Record debts fast, the credits Exclude explanations from ouma...
Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190...
Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190 Equipment 140,380 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,080 Advertising Expense 27,780 Utilities Expenses 15,920 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,380 Totals $1,004,980 $26,760 54,690 52,190 93,690 11,690 765,960 $1,004,980 Adjustment data: 1. Supplies on hand totaled $5,190. 2....
Jungle Publishing completed the following transactions for one subscriber during 2018: (Click the icon to view...
Jungle Publishing completed the following transactions for one subscriber during 2018: (Click the icon to view the transactions.) Requirement 1. Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2018. (Record debits first, then credits. Exclude explanations from journal entries.) Start by journalizing the October 1st transaction. Recall Jungle Publishing sold a one-year subscription, collecting cash of $2,000, plus sales tax of 12%. Journal Entry Accounts Date Debit Credit Oct Next,...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,210.00 2 Accounts Receivable 67,660.00 3 Supplies 15,710.00 4 Equipment 111,420.00 5 Accounts Payable 15,920.00 6 Unearned Fees 17,840.00 7 Common Stock 8,500.00 8 Retained Earnings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 14 Miscellaneous Expense 8,200.00 15 Totals 445,330.00 445,330.00 For preparing the adjusting entries, the following data were assembled:...
The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end...
The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit $33,780 37,420 48,720 9,220 140,440 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $26,720...
Question Help E5-28B (similar to) Color Interiors reported the following transactions in November: (Click on the...
Question Help E5-28B (similar to) Color Interiors reported the following transactions in November: (Click on the icon to view the transactions.) Read the requirements Requirement 1. Record the foregoing transactions in the journal of Color Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) (Record debits first, then credits. Exclude explanations from...
X E3-24A (book/static) Selected accounts of Ramirez Electrical, Inc., at November 30, 2018, follow. (Click the...
X E3-24A (book/static) Selected accounts of Ramirez Electrical, Inc., at November 30, 2018, follow. (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare the entity's closing entries. Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any Journal Entry Accounts Date Debit Credit Nov 30 Service revenue VOLCIO thi Data Table the eve Common stock................$ Service revenue . . . Unearned revenues .. Salaries expense... Accumulated depreciation Supplies expense..... Interest...
Bob's Repairs Shop's Office supplies balance is $1,900 on November 1, and the balance in Office suppies expense is SO. On November 30, 5350 of supplies are on hand Journalice and post the adjusting entry on November 30 for the supplies used Compute the balances of the two accounts invoved on November 30 de Post the adjusting entry to the T.accounts below, and then calculate the ending balances of the accounts (along with a "Bar posting reterence) on November 30....
Suppose Ron's Ltd. holds a loan receivable from a client. At the end of November, $250 of interest revenue has been earned but not received. Prepare the adjusting entry at November 30. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit Nov. 30
Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the physical count of inventory on hand on June 30, 2018, was 4.500. In addition, Emerson Sl. Book Shops approximately $1,000 of merchandise sold will be returned with a cost of $400 Requirements 1. Joumal the adjustment for inventory shrinkage 2 Joumalize the adjustment for estimated sales returns Requirement 1. Joumaize the adjustment for inventory stage Record debts fast, the credits Exclude explanations from ouma...
Credit TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $33,770 Accounts Receivable 37,390 Inventory 48,690 Supplies 9,190 Equipment 140,380 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,080 Advertising Expense 27,780 Utilities Expenses 15,920 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,380 Totals $1,004,980 $26,760 54,690 52,190 93,690 11,690 765,960 $1,004,980 Adjustment data: 1. Supplies on hand totaled $5,190. 2....
Jungle Publishing completed the following transactions for one subscriber during 2018: (Click the icon to view the transactions.) Requirement 1. Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2018. (Record debits first, then credits. Exclude explanations from journal entries.) Start by journalizing the October 1st transaction. Recall Jungle Publishing sold a one-year subscription, collecting cash of $2,000, plus sales tax of 12%. Journal Entry Accounts Date Debit Credit Oct Next,...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,210.00 2 Accounts Receivable 67,660.00 3 Supplies 15,710.00 4 Equipment 111,420.00 5 Accounts Payable 15,920.00 6 Unearned Fees 17,840.00 7 Common Stock 8,500.00 8 Retained Earnings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 14 Miscellaneous Expense 8,200.00 15 Totals 445,330.00 445,330.00 For preparing the adjusting entries, the following data were assembled:...
The trial balance of Sweet Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. SWEET FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2017 Debit Credit $33,780 37,420 48,720 9,220 140,440 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expenses Maintenance and Repairs Expense Delivery Expense Rent Expense Totals $26,720...
Question Help E5-28B (similar to) Color Interiors reported the following transactions in November: (Click on the icon to view the transactions.) Read the requirements Requirement 1. Record the foregoing transactions in the journal of Color Interiors using the gross method. (You do not need to make the cost of sales journal entries; assume that these entries will be made by the company when it makes its other adjusting entries at period end.) (Record debits first, then credits. Exclude explanations from...
X E3-24A (book/static) Selected accounts of Ramirez Electrical, Inc., at November 30, 2018, follow. (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare the entity's closing entries. Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any Journal Entry Accounts Date Debit Credit Nov 30 Service revenue VOLCIO thi Data Table the eve Common stock................$ Service revenue . . . Unearned revenues .. Salaries expense... Accumulated depreciation Supplies expense..... Interest...
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