I just want the answer to the question (b). And please show how
did you calculate net income.
I just want the answer to the question (b). And please show how did you calculate...
I just want the answer to the question (b). And please show how did you calculate net income. b. The Jenson & Peters Company prepares adjusting entries at the end of each month. The adjusted trial balance of the company and Income statement are given below: (10 Marks) Jenson & Peters Company Adjusted Trial Balance December 31, 2016 Account Name Debit Credit Cash Accounts receivable Prepaid building rent Unexpired insurance Supplies Equipment Accumulated depreciation equipment Notes payable 102,660 5,640 1,800...
please provide income statement, balance sheet, journal entries. Thank you Question 9 Not yet answered Marked out of 2.00 P Rag question Financial Statements and Closing Entries Outdoors, Inc.publishes magazines for skiers and hikers. The firm has the following adjusted trial balance at Decen OUTDOORS, INC. Adjusted Trial Balance December 31 Debit Credit Cash 57,560 Accounts Receivable 26.040 Supplies 5.880 Prepaid insurance 1,302 Office Equipment 92.400 Accum. Depr. - Equipment S13200 Accounts Payable 169.00 Unearned Subscription Revenue 14,000 Salaries Payable...
I dont understand how to do this question please help! Thank you Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 2 Accounts Receivable 38.115.00 - Prepaid Insurance 7,050.00 4 Supplies 1.630.00 5 Land 114.550.00 150.250.00 88.800.00 6 Building 7 Accumulated Depreciation-Building * Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 133,200.00 96,605.00 12,560.00 11 Unearned Rent 7,035.00 12 Jan Pitman, Capital 217.215.00 13 Jan Pitman....
2. Shown below are selected data taken from the unadjusted and adjusted trial balances for the Simonson Company for the current year ended December 31. Determine the items A through 1 below. Simonson Company Trial Balances December Unadjusted Trial Adjusted Trial Balance 10.000 88,270 700 A) 49,600 10,260 Accounts receivable O ve supplies Prepaid insurance Onice equipment Accumulated depreciation « | | Accounts payable Salarios payable Common stock Retained earnings Revenue earned Advertising expense Depreciation expense-Office equipment Insurance expense Ollie...
Question #1 Question #2 Please answer both questions in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figute out where it goes! I will give thumbs up if the answers are correct! If you have trouble reading any of the images please let me know so that I can post another picute! Thank you Question #1 Question #2 - X Data Table December 31, 2024...
i need requirement 4-7 please . just submitted the parts i already did . thank you ! k Dividends Fuel Expense 0 Requirements Х reciation- O Bal he trial balance.) are an unadju s you prepare Miller Deliv Unadjusted Decembe 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Cash Retained Earnings Accounts Receivable Dividends Office Supplies Income Summary Prepaid Insurance Service Revenue Truck Salaries Expense Accumulated Depreciation-Truck Depreciation Expense—Truck Accounts Payable...
I need help with this question please Please use the following adjusted Trial Balance for Great Adventures, Inc. to complete this assignment. Assume that Great Adventures, Inc. began its operations on January 1, 2019. There were no identifiable transactions in 2018. You are asked to prepare the following statements: Income Statement for the year ending December 31, 2019 Statement of Retained Earnings for the year ending December 31, 2019 Statement of Stockholders Equity for the year ending December 31, 2019...
4. Prepare the adjusted trial balance on December 31, 20X6. please show work thank you for help me Cash……………..…………………………….250,000 Accounts receivable…………………….……..680,000 Marketable securities…………………………...60,000 Prepaid insurance……………………………….35,000 Prepaid rent….………………………………….30,000 Office equipment…………………………….....620,000 Accumulated depreciation: equipment………...200,000 Land……………………………………………750,000 Accounts payable………………………………306,000 Dividends payable……………………………… 50,000 Interest payable…………………………………... 8,750 Income tax payable……………………………...30,000 Unearned client service revenue………………..180,000 Notes payable (long-term).……………………..350,000 Common stock………………………………….750,000 Retained earnings….…………………………....315,200 Dividends…………………………………….......75,000 Client service revenue………………………...1,200,000 Travel expense………………………………..…..28,000...
I want the solution to all parts ASAP, please. one more thing, I tried doing parts of "financial statement" but got some of them wrong. The last picture I attached I highlighted my mistake with red colour. please explain why are they wrong. Thank You. P3.ZA Prepare adjusting entries, post, and prepare adjusted trial balance and financial statements. (LO 2, 3, 4) Hank's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is...
please help me prepare the Income Statement thank you! 126 130 Question 7 The Marigold Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Marigold Corp. Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 3,600 Supplies 2,050 Prepaid Insurance 3,000 Land 15,000 Buildings 59,400 Equipment 15,200 Accounts Payable $ 11,700 208 Unearned Rent Revenue 3,300 275 Mortgage Payable 40,000 Common Stock 35,600 429 Rent Revenue 12,600...