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7. Question: In the balance sheet of Luis Ruiz Consulting the balance for accounts...
Make trial balance , adjustments and adjusted trial balance The Accounting Cycle: Nov. 1: Luis Ruiz...
Make trial balance , adjustments and adjusted trial
balance
The Accounting Cycle: Nov. 1: Luis Ruiz invests $20,000 to start his own consulting agency Nov. 1: Purchased a one-year fire insurance policy, $960. Nov. S: Acquired a computer for $10,000, paying $3,500 down with balance due in 60 days. Nov. 6: Purchased office supplies on account from Taylor Supply, $1,500. Nov.9: Paid Taylor Supply $400 on account. Nov. 10: Billed Barkley Insurance for consulting services performed, $6,000, Nov. 12: Collected...
need statement of owners equity and if you have time, balance sheet. Following is a trial...
need statement of owners equity and if you have time, balance
sheet.
Following is a trial balance for Songahm Taekwondo, a sole proprietorship as of July 31, 2019, the end of its first month of business. To do: Based on the trial balance, prepare an income statement, a statement of owners equity and a balance sheet as at July 31, 2019. 1 2 3 Account Title Debits Credits 4 Cash $27,400 5 Accounts receivable 500 6 Prepaid rent 2,500 7...
need help with balance sheet at the bottom DEAVER CONSULTING Bank Reconciliation October 31, 2046 $...
need
help with balance sheet at the bottom
DEAVER CONSULTING Bank Reconciliation October 31, 2046 $ Cash balance according to bank statement Add: Deposit of October 31, not recorded by bank 31,095 4,120 35,215 $ $ Deduct: Outstanding checks Bank error in charging check as $230 instead of $320 Adjusted balance 10,125 90 (10,215) ( 25,000 $ $ Cash balance according to company's records Add: Proceeds of note collected by bank, including interest 15,750 10,400 26,150 $ $ Deduct: Company...
Complete the Income Statement, Statement of Owner's Equity and Balance Sheet for Help Today company. Fill...
Complete the Income Statement, Statement of Owner's Equity and
Balance Sheet for Help Today company. Fill in the templates...
Exercise 2-16
HELP TODAY
Income Statement
For Month Ended August 31
Revenues
Consulting fees earned $
Expenses
Rent expense $
Salaries expense
Telephone expense
Miscellaneous expenses ______
Total expenses ______
Net income $
Exercise 2-17
HELP TODAY
Statement of Owner’s Equity
For Month Ended August 31
C. Camry, Capital, July 31 $ 0
Add: Investment by owner 102,000
Net income (from...
i need answers to both 1 and 2 1. From the following balance sheet accounts, a....
i need answers to both 1 and 2
1. From the following balance sheet accounts, a. construct a classified balance sheet for 2018 and 2017 b. list all working capital accounts (names, not amounts) c. find the networking capital for the years ended 2018 and 2017 d. is there an increase or decrease in networking capital? Balance Sheet accounts of UMPI Corporation Balance Account 12/31/18 Accumulated depreciation 4,866 Accounts payable 3,210 Accounts receivable 3,644 Cash 1,490 Common stock 7,278 Inventory...
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting....
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting. Indicate whether each account would be reported in the current asset; property, plant, and equipment; current liability; long-term liability; or owner's equity section of the December 31, 2018, balance sheet of Waterloo Consulting. 1. Building 2. Cindy Sue Delaney, Capital 3. Notes Payable (due in five years) 4. Prepaid Rent 5. Salaries Payable 6. Supplies 7. Taxes Payable 8. Unearned Service Fees Options are:...
In alphabetical order below are current asset items for Ruiz Company's balance sheet at December 31,...
In alphabetical order below are current asset items for Ruiz Company's balance sheet at December 31, 2015. Prepare the current assets section (including a complete heading). Accounts receivable $200,000 Cash 62,000 Finished goods 91,000 Prepaid expenses 38,000 Raw materials 73,000 Work in process 87,000
Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned...
Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned s 26,920 9,460 5,518 760 430 101,880 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 18,780 Common stock 5,910 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The endin as of August 31 is $4,850) HELP TODAY Balance Sheet < Prev 8 of 9 Next...
Attached is the T-Accounts and Trial Balance. QUESTION: I need prepare closing journal entries with the...
Attached is the T-Accounts and Trial Balance.
QUESTION: I need prepare closing journal entries with
the information in the picture.
AutoSave OFF A E sro - COMPREHNSIVE PROBLEM PART 2 SOLUTION-2 Home Data Review View Developer Share Comments Insert Draw Page Layout Formulas Calibri (Body) 11 A A BI U DA General Conditional Formatting Format as Table Cell Styles insert v Ey O s u Paste $ % -28 Sort & Filter Find & Select Ideas Format Sensitivity Font Alignment...
QUESTION: With the above information I need help with the FINAL BALANCE SHEET thank you. 8:08...
QUESTION: With the above information I need help with
the FINAL BALANCE SHEET
thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500 320.100 106.700 25. MIR S500 SI.RO 54.000 $120,100 S106,700 889.1...
Make trial balance , adjustments and adjusted trial
balance
The Accounting Cycle: Nov. 1: Luis Ruiz invests $20,000 to start his own consulting agency Nov. 1: Purchased a one-year fire insurance policy, $960. Nov. S: Acquired a computer for $10,000, paying $3,500 down with balance due in 60 days. Nov. 6: Purchased office supplies on account from Taylor Supply, $1,500. Nov.9: Paid Taylor Supply $400 on account. Nov. 10: Billed Barkley Insurance for consulting services performed, $6,000, Nov. 12: Collected...
need statement of owners equity and if you have time, balance
sheet.
Following is a trial balance for Songahm Taekwondo, a sole proprietorship as of July 31, 2019, the end of its first month of business. To do: Based on the trial balance, prepare an income statement, a statement of owners equity and a balance sheet as at July 31, 2019. 1 2 3 Account Title Debits Credits 4 Cash $27,400 5 Accounts receivable 500 6 Prepaid rent 2,500 7...
need
help with balance sheet at the bottom
DEAVER CONSULTING Bank Reconciliation October 31, 2046 $ Cash balance according to bank statement Add: Deposit of October 31, not recorded by bank 31,095 4,120 35,215 $ $ Deduct: Outstanding checks Bank error in charging check as $230 instead of $320 Adjusted balance 10,125 90 (10,215) ( 25,000 $ $ Cash balance according to company's records Add: Proceeds of note collected by bank, including interest 15,750 10,400 26,150 $ $ Deduct: Company...
Complete the Income Statement, Statement of Owner's Equity and
Balance Sheet for Help Today company. Fill in the templates...
Exercise 2-16
HELP TODAY
Income Statement
For Month Ended August 31
Revenues
Consulting fees earned $
Expenses
Rent expense $
Salaries expense
Telephone expense
Miscellaneous expenses ______
Total expenses ______
Net income $
Exercise 2-17
HELP TODAY
Statement of Owner’s Equity
For Month Ended August 31
C. Camry, Capital, July 31 $ 0
Add: Investment by owner 102,000
Net income (from...
i need answers to both 1 and 2
1. From the following balance sheet accounts, a. construct a classified balance sheet for 2018 and 2017 b. list all working capital accounts (names, not amounts) c. find the networking capital for the years ended 2018 and 2017 d. is there an increase or decrease in networking capital? Balance Sheet accounts of UMPI Corporation Balance Account 12/31/18 Accumulated depreciation 4,866 Accounts payable 3,210 Accounts receivable 3,644 Cash 1,490 Common stock 7,278 Inventory...
Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned s 26,920 9,460 5,518 760 430 101,880 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 18,780 Common stock 5,910 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The endin as of August 31 is $4,850) HELP TODAY Balance Sheet < Prev 8 of 9 Next...
Attached is the T-Accounts and Trial Balance.
QUESTION: I need prepare closing journal entries with
the information in the picture.
AutoSave OFF A E sro - COMPREHNSIVE PROBLEM PART 2 SOLUTION-2 Home Data Review View Developer Share Comments Insert Draw Page Layout Formulas Calibri (Body) 11 A A BI U DA General Conditional Formatting Format as Table Cell Styles insert v Ey O s u Paste $ % -28 Sort & Filter Find & Select Ideas Format Sensitivity Font Alignment...
QUESTION: With the above information I need help with
the FINAL BALANCE SHEET
thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500 320.100 106.700 25. MIR S500 SI.RO 54.000 $120,100 S106,700 889.1...
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