Accounts Payable $500
Accounts Receivable $1000
Accumulated Depreciation,
Equipment $500
Cash $600
Common Stock $1200
Depreciation Expense, Equipment $0
Equipment $2300
Insurance Expense $0
Inventory $2000
Prepaid Insurance $600
Retained Earnings $2800
Service Fee Revenues $3500
Supplies $700
Supplies Expense $0
Wages Expense $1300
Wages Payable $0
Please 1) Give the account name 2) Include a description 3) and if it is a debit or credit, and what the balance is.
Debit | Credit | ||
Accounts Payable | Balance Sheet | $500 | |
Accounts Receivable | Balance Sheet | $1,000 | |
Accumulated Depreciation, Equipment | Balance Sheet | $500 | |
Cash | Balance Sheet | $600 | |
Common Stock | Balance Sheet | $1,200 | |
Depreciation Expense, Equipment | Balance Sheet | $0 | |
Equipment | Balance Sheet | $2,300 | |
Insurance Expense | Income Statement | $0 | |
Inventory | Balance Sheet | $2,000 | |
Prepaid Insurance | Balance Sheet | $600 | |
Retained Earnings | Balance Sheet | $2,800 | |
Service Fee Revenues | Income Statement | $3,500 | |
Supplies | Balance Sheet | $700 | |
Supplies Expense | Income Statement | $0 | |
Wages Expense | Income Statement | $1,300 | |
Wages Payable | Balance Sheet | $0 | |
$8,500 | $8,500 | ||
Accounts Payable $500 Accounts Receivable $1000 Accumulated Depreciation, Equipment $500 Cash $600 Common Stock $1200 Depreciation...
Please use the correct accounts List of Accounts : Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Trucks Accumulated Depreciation-Vehicles Advertising Expense Buildings Cash Common Shares Cost of Goods Sold Depreciation Expense Dividends Payable Equipment Income Tax Payable Interest Expense Interest Payable Inventory Land Miscellaneous Expense Notes Payable Operating Expense Other Expenses Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Retained Earnings Selling and Administrative Expenses Supplies Expense Wages Payable Wages Expense Advances to Employees Bank Loan Payable Deposits...
Accounts payable Accounts receivable Accumulated depreciation, equipment Cash Common stock Depreciation expense, equipment Dividends Equipment Insurance expense Prepaid insurance Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Unearned service revenue Utilities expense Data Table The trial balanoe of Lusch Landscaping, Ina, at June 3D, 2016, and the data nended for the month-end adjustments fallaw EEE (Click the icon to view the trial balance.) Read the requ rements (Cick the icon to view the adjustment data.) Lusch Landscaping....
Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture Accumulated Depreciation - Vehicles Advertising Expense Bank Loan Payable Bank Loan Receivable Buildings Cash Common Shares Depreciation Expense Dividends Declared Equipment Fees Earned Furniture Income Summary Income Tax Expense Income Tax Payable Income Tax Receivable Insurance Expense Insurance Revenue Interest Expense Interest Payable Interest Receivable Interest Revenue Land Mortgage Payable No Entry Notes Receivable Office Expense Prepaid Advertising Prepaid Expense Prepaid Insurance Prepaid Rent...
$10,960 26,410 32,990 180,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Common Stock Cash Equipment Land Prepaid Insurance Prepaid Rent Retained Earnings Salaries Payable Supplies Unearned Fees 95,350 127,000 6,140 3,840 39,860 4,270 660 3,180 Prepare a classified balance sheet that includes the correct balance for Cash. Dynamic Weight Loss Co. Balance Sheet June 30, 2018 Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Prepaid rent Total current assets Property, plant, and equipment: Land Equipment Accumulated depreciation -...
August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. Cr. $10,260 8,470 2,500 4,340 15,800 h $3,555 5,780 0 1,830 19,800 5,830 2.910 32,070 13.570 16,670 0 21,485 O 0 $82,435 $82,435 After Adjustment Dr. Cr. $10,260 8,970 660 3,080 15,800 $4,755 5,780 1,280...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.)...
6,000 2,100 1,000 500 150,000 Cash Accounts Receivable Prepaid Expenses Supplies Equipment Accumulated Depreciation Accounts Payable Unearned Fees Notes Payable Bob Steely, Capital Bob Steely. Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 15,000 6,200 4,000 14,000 19,000 8.000 154,900 25,000 12,000 3,400 5,000 100 Totals 213,100 213,100 In the space below, calculate: a) net income b) total assets c) total liabilities d) total current assets e) beginning balance of Owner's Equity for next year.
Cash Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Equipment Accounts Payable Uneamed Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2020 Dividends Service Revenue Salaries and Wages Expense Maintenance and Repairs Expense Advertising Expense Utilities Expenses Property Tax Expense Interest Expense Trial Balance Debit Credit 39,360 20.560 31.900 86.920 126.920 38,160 16.560 3.160 53.920 116.620 2.000 14,000 283,420 108.540 32,460 9,400 18.860 18.460 6,460 513.840 511,840 Adjusted Trial Balance Debit Credit 39,360 4,071 4,075 86.920 126,920 40.530 16,560...
Use the following information to answer questions 12 thru 14: Cash $200 Accounts Receivable $500 Prepaid Insurance $50 Supplies $150 Equipment $400 Accumulated depreciation $200 Accounts Payable $300 Common Stock $600 Service Revenue $500 Wages Expense $100 Rent Expense $200 If the inventory of supplies is $20, the adjusting entry would contain a Debit to Supplies for $20. Credit to Supplies for $20. Debit to Supplies Expense for $130. Credit to Supplies Expense for $130. QUESTION 13 If the insurance...
Set up T-accounts for the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Service Revenue, Supplies Expense, Gasoline, Expense, Depreciation Expense, Insurance Expense, and Salaries & Wages Expense Speedy Cleaning Service began its operations on December 1, 2019. The following transactions took place during its first month of operations. The company uses the calendar year as its reporting period. During December, the company completed the following transactions....