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The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated depreciation-Buildings Accounts Payable Common Stock Retained Earnings Dividends Accounts Balances $16,000 15,000 4,000 8,000 300,000 120,000 19,000 90,000 105,000 15,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Balances $105,000 8,000 27,000 6,000 35,000 9,000 12,000 Prepare the end of the period closing entries for the Fitness...
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Question 14 (20 points if you need Kidman Company prepares mor Doints you need additonal space, use page company prepares monthly financial statements Below are listed some before any adjustments have come "selected accounts and their balances in the September 30 trial balance " adjustments have been made for the month of September KIDMAN COMPANY "Unadjusted" Trial Balance (Selected Accounts) September 30, 2019 Debit Credit $5,000 Equipment... 3,150 Accumulated Depreciation Equipment.... 16,200 Unearned Rent Revenue..... $1,100 1,200 Supplies. Prepaid Insurance...
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astion #3 (15 points) - use white space on this page (p. 5) for your answer. tructions: Prepare a trial balance in good form" from the ledger accounts of Galaxie 500 mpany as of December 31, 2019. Account balances are normal balances. $ Accounts Payable Accounts Receivable Cash Owner's Capital Owner's Drawings $ 6,000 7,000 5,200 11,000 4,000 Utilities Expense Service Revenue Unearned Service Revenue Salaries and Wages Expense 12,000 30,000 2,000 20,800
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urnal form. Voer Question #1 (25 points) - if you need additonal space, use page 3. instructions: Journalize the following business transactions in general journal in transaction by number. You may omit explanations of the transactions. M. Acher invests $90.000 cash to start the business. Purchased three pieces of equipment for $175,000, paying $70,000 cash and signing year, 10% note for the remainder. Purchased $5,000 supplies on credit Cash revenue amounted to $7,000. Paid $500 cash for radio advertising used...
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Question 4.015 points) - if you need additonal space, USE DALE Presented below is information for Oakley Company for the me for Oakley Company for the month of March 2018. Cost of goods sold $ 36,000 $254.000 Rent expense 8,800 Freight-out 7,500 Sales discounts Insurance expense 11,000 5,000 Sales returns and allowances Salaries and wages expense 425,000 75,000 Sales revenue Instructions: (a) Prepare a multiple -step income statemen. (6) Compute the gross profit rate.
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Use the following information to answer the next four questions The adjusted account balances at December 31, 2020 are as follows Accounts Cash Accounts Receivable Supplies Prepaid Insurance Building Accumulated Depreciation- Building Accounts Payable Owner's Capital Owner's Drawings Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Totals Account Balances Debit Credis $9.000 25,000 7,000 3.000 350,000 50,000 66,000 245.000 20,000 160.000 29.000 36.000 25,000 44,000 12,000 19.000 550,000 550.000 21. The closing...
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list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
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9. At March 31, account balances after adjustments for Wide Screen are as follows: Account Balances (After Adjustment) Accounts Cash $ 11,000 Supplies 4,000 Equipment 50,000 Accumulated Depreciation-Equipment 12,000 Accounts Payable 5,000 Owner's, Capital 20,000 Owner's, Drawings 8,000 Ticket Revenue 59,000 Service Revenue Advertising Expense 55,000 Supplies Expense 18,800 Depreciation Expense 17,000 Rent Expense 4,000 Salaries and Wages Expense 26,000 Utilities Expense 24,000 5,200 Instructions Prepare the closing journal entries for Wide Screen. (20 pts) 10
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list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
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WILDHORSE FISHING CENTRE Adjusted Trial Balance March 31, 2021 Credit Debit $7,800 800 1,300 28,000 47,000 195,000 $32,000 36,000 Cash Interest receivable Supplies Long-term investments Land Building Accumulated depreciation-building Equipment Accumulated depreciation equipment Accounts payable Interest payable Unearned revenue Notes payable ($6,000 must be paid in February, 2022) R. Falkner, capital R. Falkner, drawings Service revenue Interest revenue Depreciation expense Interest expense Insurance expense Salaries expense Supplies expense Utilities expense 18,500 6,000 1,020 2,120 66,500 169,660 46,000 124,700 1,600 9,850...
The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated depreciation-Buildings Accounts Payable Common Stock Retained Earnings Dividends Accounts Balances $16,000 15,000 4,000 8,000 300,000 120,000 19,000 90,000 105,000 15,000 Accounts Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Accounts Balances $105,000 8,000 27,000 6,000 35,000 9,000 12,000 Prepare the end of the period closing entries for the Fitness...
Question 14 (20 points if you need Kidman Company prepares mor Doints you need additonal space, use page company prepares monthly financial statements Below are listed some before any adjustments have come "selected accounts and their balances in the September 30 trial balance " adjustments have been made for the month of September KIDMAN COMPANY "Unadjusted" Trial Balance (Selected Accounts) September 30, 2019 Debit Credit $5,000 Equipment... 3,150 Accumulated Depreciation Equipment.... 16,200 Unearned Rent Revenue..... $1,100 1,200 Supplies. Prepaid Insurance...
astion #3 (15 points) - use white space on this page (p. 5) for your answer. tructions: Prepare a trial balance in good form" from the ledger accounts of Galaxie 500 mpany as of December 31, 2019. Account balances are normal balances. $ Accounts Payable Accounts Receivable Cash Owner's Capital Owner's Drawings $ 6,000 7,000 5,200 11,000 4,000 Utilities Expense Service Revenue Unearned Service Revenue Salaries and Wages Expense 12,000 30,000 2,000 20,800
urnal form. Voer Question #1 (25 points) - if you need additonal space, use page 3. instructions: Journalize the following business transactions in general journal in transaction by number. You may omit explanations of the transactions. M. Acher invests $90.000 cash to start the business. Purchased three pieces of equipment for $175,000, paying $70,000 cash and signing year, 10% note for the remainder. Purchased $5,000 supplies on credit Cash revenue amounted to $7,000. Paid $500 cash for radio advertising used...
Question 4.015 points) - if you need additonal space, USE DALE Presented below is information for Oakley Company for the me for Oakley Company for the month of March 2018. Cost of goods sold $ 36,000 $254.000 Rent expense 8,800 Freight-out 7,500 Sales discounts Insurance expense 11,000 5,000 Sales returns and allowances Salaries and wages expense 425,000 75,000 Sales revenue Instructions: (a) Prepare a multiple -step income statemen. (6) Compute the gross profit rate.
Use the following information to answer the next four questions The adjusted account balances at December 31, 2020 are as follows Accounts Cash Accounts Receivable Supplies Prepaid Insurance Building Accumulated Depreciation- Building Accounts Payable Owner's Capital Owner's Drawings Service Revenue Interest Revenue Depreciation Expense Insurance Expense Salaries and Wages Expense Supplies Expense Utilities Expense Totals Account Balances Debit Credis $9.000 25,000 7,000 3.000 350,000 50,000 66,000 245.000 20,000 160.000 29.000 36.000 25,000 44,000 12,000 19.000 550,000 550.000 21. The closing...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
9. At March 31, account balances after adjustments for Wide Screen are as follows: Account Balances (After Adjustment) Accounts Cash $ 11,000 Supplies 4,000 Equipment 50,000 Accumulated Depreciation-Equipment 12,000 Accounts Payable 5,000 Owner's, Capital 20,000 Owner's, Drawings 8,000 Ticket Revenue 59,000 Service Revenue Advertising Expense 55,000 Supplies Expense 18,800 Depreciation Expense 17,000 Rent Expense 4,000 Salaries and Wages Expense 26,000 Utilities Expense 24,000 5,200 Instructions Prepare the closing journal entries for Wide Screen. (20 pts) 10
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
WILDHORSE FISHING CENTRE Adjusted Trial Balance March 31, 2021 Credit Debit $7,800 800 1,300 28,000 47,000 195,000 $32,000 36,000 Cash Interest receivable Supplies Long-term investments Land Building Accumulated depreciation-building Equipment Accumulated depreciation equipment Accounts payable Interest payable Unearned revenue Notes payable ($6,000 must be paid in February, 2022) R. Falkner, capital R. Falkner, drawings Service revenue Interest revenue Depreciation expense Interest expense Insurance expense Salaries expense Supplies expense Utilities expense 18,500 6,000 1,020 2,120 66,500 169,660 46,000 124,700 1,600 9,850...