Homework Answers
| Supplies | Trial Balance Figure | Supplies Closing Inventory Figure | Supplies Expense Figure | |
| 1 | $300.00 | $300.00 | $100.00 | $200.00 |
| 2 | $1,400.00 | $1,400.00 | $650.00 | $750.00 |
| 3 | $425.00 | $425.00 | $175.00 | $250.00 |
| 4 | $950.00 | $950.00 | $210.00 | $740.00 |
| Prepaid Insurance | Trial Balance Figure | Prepaid Insurance Final Calculation | Insurance Expense Figure | |
| 1 | $875.00 | $875.00 | $325.00 | $550.00 |
| 2 | $9,600.00 | $9,600.00 | $800.00 | $8,800.00 |
| 3 | $925.00 | $925.00 | $610.00 | $315.00 |
| 4 | $785.00 | $785.00 | $410.00 | $375.00 |
| Working | ||||
| Supplies = Trial Balance Figure | ||||
| Trial Balance Figure = Supplies Closing Inventory Figure + Supplies Expense Figure | ||||
| Prepaid Insurance = Trial Balance Figutre | ||||
| Trial Balance Figure = Prepaid Insurance Final Calculation +Insurance Expense Figure | ||||
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Exercise 1, p. 308 Complete the following schedule. Trial Balance Figure Supplies Closing Inventory Figure Supplies...
Prepare the income statement from the trial balance below. Adjusting entries Debit Credit Peyton Approved Trial...
Prepare the income statement from the trial balance below.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest...
Complete the “Closing Entries” tab in your workbook by closing all temporary income statement amounts to...
Complete the “Closing Entries” tab in your workbook by closing
all temporary income statement amounts to create closing
entries.
Prepare the “Post Closing Trial Balance” tab for the next
accounting period.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies...
Hello and good evening, I finish doing my worksheet and I need help making a income...
Hello and good evening, I finish doing my worksheet and I need
help making a income statement, balance sheet and statement of
changes in owner’s equity. Would you be able to help me?
You can download the ice Spreadsheet Ws 2018 Apr Perpetual from www.nelson.com/student to complete the worksheet Sound Bytes Blectronics Worksheet for 4 months ending April 30, 2018 Adjustments Debit Trial Balance Debit 114.964900 1,017.00 7,475.00 1.045.20 600.00 628.00 354.00 600.00 29,500.00 17,100.00 1,695.00 0.00 1,387.00 841 001...
TASK 5 a) WEEK 11 Closing journal entries and the Adjusted Trial Balance are provided below....
TASK 5 a) WEEK 11 Closing journal entries and the Adjusted Trial Balance are provided below. Required: Complete the Profit & Loss Statement for the period ending 31/08/20XX & the Statement of Changes in Equity as at 31/8/20XX GENERAL JOURNAL Closing Entries August 31 Date Particulars DR CR Aug-31 P & L Summary $ 162,847.10 Opening Inventory $ 100,174.00 Purchases $ 49,350.00 Freight inwards $ 200.00 Sales salaries expense $ 6,900.00 Depreciation Deliv. Truck $ 450.00 Delivery expense $ 33.00...
1. 2-M MASTERY PROBLEM (LO4, 5), pp. 53-54 (STATIC)
1. 2-M MASTERY PROBLEM (LO4, 5), pp. 53-54 (STATIC) May 1. Received cash from owner as an investment, $3,700.00. 2. Paid cash for rent, $600.00. 4. Paid cash for supples, $400.00. 4. Received cash from sales, $950.00. 5. Paid cash for insurance, $375.00. ৪. Sold services on account to Lee Chen, $800.00. 9. Bought supplies on account from Sullivan Supplies, $300.00. 10. Paid cash for repairs, $85.00. 11 Received cash from owner as an investment, $2,900.00. 11 Received cash from sales, $1.000.00. 12. Bought supplies on account from West End Supplies, $230.00. 13....
I need the closing entries filled out based on the adjusted trial balance provided please. PDF...
I need the closing entries filled out based on the adjusted trial
balance provided please.
PDF worksheet.pdf X + V - a x 6 a worksheet.pdf E 0 0 i oft lo file:///C:/Users/Meredith/Desktop/worksheet.pdf + - Fit to page OD Page view | A' Read aloud L Add notes o e l so Adjusting entries Debit Credit 137,400.00 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 3,285.72 10.000.00 2,000.00 2,300.00 1,600.00 30,401.00 10,000.00 Adjusted trial balance Debit...
Create a Post-Closing Trial Balance. Adjusted Trial Balance December 31, 2019 PR Debit 107 110 5...
Create a Post-Closing Trial Balance.
Adjusted Trial Balance December 31, 2019 PR Debit 107 110 5 05.00 $11.750.00 140 $ 1.000.00 230 S 1.000.00 $224.00 $2.025.00 $10.098.00 $42.465.00 410 S8632.00 $ 1.200.00 $10,800.00 550 S60 $ 1.200.00 $14,167.00 $1,100.00 Petty Cash Accounts Receivable Supplies on Hand Lerpaid Insurance Computer Equipment Accumulated Depreciation - Computer Equipment Cell Phone Accumulated Depreciation - Cell Phone Vehicles Accumulated Depreciation - Vehicles Accounts Payable Customer Deposits Uneare Revenue SUTA Payable FICA Payable FUTA Payable Federal...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. Credit Debit $18,000 12,000 2,000 23,000 $ 6,500 45, 747 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637...
Cash A ccounts receivable P repaid insurance Supplies inventory Trial balance Financial Statements Statement of Income...
Cash A ccounts receivable P repaid insurance Supplies inventory Trial balance Financial Statements Statement of Income Balance Sheet Statement of Cash Flows Trial balance Debits Credits Adjusting entries Debits Credits Adjusted trial balance Debits Credits Revenue Assets Cash Accounts receivable Prepaid insurance Supplies inventory Printing equipment Accumulated depreciation Total assets Net income + Depreciation - Accounts receivable - Prepaid insurance - Supplies + Accounts payable Cash from operations Printing equipment Accounts payable Notes payable Common stock Accounts Cash Accounts receivable...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. No Account Title Debit Credit 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 salaries expense 637 Insurance expense 640 Rent expense 652 Supplies...
Prepare the income statement from the trial balance below.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest...
Complete the “Closing Entries” tab in your workbook by closing
all temporary income statement amounts to create closing
entries.
Prepare the “Post Closing Trial Balance” tab for the next
accounting period.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies...
Hello and good evening, I finish doing my worksheet and I need
help making a income statement, balance sheet and statement of
changes in owner’s equity. Would you be able to help me?
You can download the ice Spreadsheet Ws 2018 Apr Perpetual from www.nelson.com/student to complete the worksheet Sound Bytes Blectronics Worksheet for 4 months ending April 30, 2018 Adjustments Debit Trial Balance Debit 114.964900 1,017.00 7,475.00 1.045.20 600.00 628.00 354.00 600.00 29,500.00 17,100.00 1,695.00 0.00 1,387.00 841 001...
TASK 5 a) WEEK 11 Closing journal entries and the Adjusted Trial Balance are provided below. Required: Complete the Profit & Loss Statement for the period ending 31/08/20XX & the Statement of Changes in Equity as at 31/8/20XX GENERAL JOURNAL Closing Entries August 31 Date Particulars DR CR Aug-31 P & L Summary $ 162,847.10 Opening Inventory $ 100,174.00 Purchases $ 49,350.00 Freight inwards $ 200.00 Sales salaries expense $ 6,900.00 Depreciation Deliv. Truck $ 450.00 Delivery expense $ 33.00...
I need the closing entries filled out based on the adjusted trial
balance provided please.
PDF worksheet.pdf X + V - a x 6 a worksheet.pdf E 0 0 i oft lo file:///C:/Users/Meredith/Desktop/worksheet.pdf + - Fit to page OD Page view | A' Read aloud L Add notes o e l so Adjusting entries Debit Credit 137,400.00 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 3,285.72 10.000.00 2,000.00 2,300.00 1,600.00 30,401.00 10,000.00 Adjusted trial balance Debit...
Create a Post-Closing Trial Balance.
Adjusted Trial Balance December 31, 2019 PR Debit 107 110 5 05.00 $11.750.00 140 $ 1.000.00 230 S 1.000.00 $224.00 $2.025.00 $10.098.00 $42.465.00 410 S8632.00 $ 1.200.00 $10,800.00 550 S60 $ 1.200.00 $14,167.00 $1,100.00 Petty Cash Accounts Receivable Supplies on Hand Lerpaid Insurance Computer Equipment Accumulated Depreciation - Computer Equipment Cell Phone Accumulated Depreciation - Cell Phone Vehicles Accumulated Depreciation - Vehicles Accounts Payable Customer Deposits Uneare Revenue SUTA Payable FICA Payable FUTA Payable Federal...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. Credit Debit $18,000 12,000 2,000 23,000 $ 6,500 45, 747 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637...
Cash A ccounts receivable P repaid insurance Supplies inventory Trial balance Financial Statements Statement of Income Balance Sheet Statement of Cash Flows Trial balance Debits Credits Adjusting entries Debits Credits Adjusted trial balance Debits Credits Revenue Assets Cash Accounts receivable Prepaid insurance Supplies inventory Printing equipment Accumulated depreciation Total assets Net income + Depreciation - Accounts receivable - Prepaid insurance - Supplies + Accounts payable Cash from operations Printing equipment Accounts payable Notes payable Common stock Accounts Cash Accounts receivable...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. No Account Title Debit Credit 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 salaries expense 637 Insurance expense 640 Rent expense 652 Supplies...
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