Homework Answers
| Hale Company- Account payable | ||||
| Cash(payment) | $5,670 | Opening balance | $2,870 | |
| Purchases | $7,230 | |||
| Ending balance(balancing figure) | $4,430 | |||
| $10,100 | $10,100 | |||
| Janish company - Account payable | ||||
| Cash(payment) | $1,840 | Opening balance | $1,840 | |
| Purchase returns | $2,870 | Purchase | $5,280 | |
| Ending balance(balancing figure) | $2,410 | |||
| $7,120 | $7,120 | |||
| Valdez Company- Account payable | ||||
| Cash(payment) | $6,160 | Opening balance | $3,980 | (8690-2870-1840) |
| Purchase | $6,745 | |||
| Ending balance(balancing figure) | $4,565 | |||
| $10,725 | $10,725 | |||
| hence balance in Account payables control ledger at end of Jan. = | $11,405 | |||
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Exercise 7-05 a-d (Part Level Submission) Cullumber Company has a balance in its Accounts Payable control...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1,...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases $7,230 5,280 6,745 Payments $5,670 1,840 6,160 Returns $0 2.870 0 (a) Your answer is incorrect. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez...
Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control...
Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control account of $8,680 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,620 $6,430 $ 0 5,700 1,840 3,040 6,465 6,810 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance...
Question 3 Ivanhoe Company has a balance in its Accounts Payable control account of $8,450 on...
Question 3 Ivanhoe Company has a balance in its Accounts Payable control account of $8,450 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,940; lanish Company, balance 51.630, and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,920 $5,900 $0 Janish Company 5,300 1,630 2,750 Valdez Company 6,635 6,220 0 What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary accounts...
Exercise 7-04 a-d (Part Level Submission) Crane Company has a balance in its Accounts Receivable control...
Exercise 7-04 a-d (Part Level Submission) Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $3,900; Cuddyer Company, balance $2,100; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales $9,000 6,500 8,100 Collections Returns $7,700 $ 0 2,500 2,700 8,700
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1,...
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
CALCULATOR PRINTER VERSION Exercise 7-03 a-c (Part Level Submisslon) (Video) On September 1. the balance of...
CALCULATOR PRINTER VERSION Exercise 7-03 a-c (Part Level Submisslon) (Video) On September 1. the balance of the Accounts Receivable control account in the general ledger of Blossom Company was $11,360. The customers' subsidiary ledger contained account balances as follows: Hurley $1,590, Andino $2,640, Fowler $2,130, and Sogard $5,000. At the end of September, the various journals contained the following information Sales journal: Sales to Sogard $810, to Hurley $1,270, to Glambi $1,390, and to Fowler $1,070 Cash receipts journal: Cash...
CALCULATO FULL FRINT RACK Problem 3-OBA (Part Level Submission) The Cullumber Theater Inc. was recently formed....
CALCULATO FULL FRINT RACK Problem 3-OBA (Part Level Submission) The Cullumber Theater Inc. was recently formed. It began operations in March 2022. The Cullumber is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Cullumber showed Cash $15.500 Land $40.000; Buildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $15,000, Accounts Payable $10,100, and Common Stock $82,400. During the month of March, the following events and transactions...
*Problem 5-5A (Part Level Submission) The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year VALDEZ FASHION CENTER T...
*Problem 5-5A (Part Level Submission) The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year VALDEZ FASHION CENTER Trial Balance November 30, 2015 Debit Credit Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense $9,350 30,090...
Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below....
Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment Cr. After Adjustment Dr. Cr. Dr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $...
question 4 Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, bal...
question 4
Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, balance of s 3,000; Keller Company, balance of $ 1,000, arson Company. The combined subsidiary ledger account balances of Jones 4 Com om,Keller Company, and Larson Company at January 1, 2019 agree to the Accounts unts receivable general ledger control account balance at such date. During January 2019,...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases $7,230 5,280 6,745 Payments $5,670 1,840 6,160 Returns $0 2.870 0 (a) Your answer is incorrect. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez...
Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control account of $8,680 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,620 $6,430 $ 0 5,700 1,840 3,040 6,465 6,810 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance...
Question 3 Ivanhoe Company has a balance in its Accounts Payable control account of $8,450 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,940; lanish Company, balance 51.630, and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,920 $5,900 $0 Janish Company 5,300 1,630 2,750 Valdez Company 6,635 6,220 0 What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary accounts...
Exercise 7-04 a-d (Part Level Submission) Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $3,900; Cuddyer Company, balance $2,100; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales $9,000 6,500 8,100 Collections Returns $7,700 $ 0 2,500 2,700 8,700
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
CALCULATOR PRINTER VERSION Exercise 7-03 a-c (Part Level Submisslon) (Video) On September 1. the balance of the Accounts Receivable control account in the general ledger of Blossom Company was $11,360. The customers' subsidiary ledger contained account balances as follows: Hurley $1,590, Andino $2,640, Fowler $2,130, and Sogard $5,000. At the end of September, the various journals contained the following information Sales journal: Sales to Sogard $810, to Hurley $1,270, to Glambi $1,390, and to Fowler $1,070 Cash receipts journal: Cash...
CALCULATO FULL FRINT RACK Problem 3-OBA (Part Level Submission) The Cullumber Theater Inc. was recently formed. It began operations in March 2022. The Cullumber is unique in that it will show only triple features of sequential theme movies. On March 1, the ledger of The Cullumber showed Cash $15.500 Land $40.000; Buildings (concession stand, projection room, ticket booth, and screen) $22,000; Equipment $15,000, Accounts Payable $10,100, and Common Stock $82,400. During the month of March, the following events and transactions...
*Problem 5-5A (Part Level Submission) The trial balance of Valdez Fashion Center contained the following accounts at November 30, the end of the company's fiscal year VALDEZ FASHION CENTER Trial Balance November 30, 2015 Debit Credit Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Freight-Out Rent Expense $9,350 30,090...
Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment Cr. After Adjustment Dr. Cr. Dr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $...
question 4
Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, balance of s 3,000; Keller Company, balance of $ 1,000, arson Company. The combined subsidiary ledger account balances of Jones 4 Com om,Keller Company, and Larson Company at January 1, 2019 agree to the Accounts unts receivable general ledger control account balance at such date. During January 2019,...
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