Mario and Luigi began operations of their plumbing supplies shop (M & L PS Co.) on January 1, 2010. The annual reporting period ends December 31. The trial balance on January 1, 2018, appears below (the amounts are rounded to thousands of dollars to simplify).
Transactions during 2018 (summarized in thousands of dollars) follow (no particular date sequence):
Data for adjusting journal entries:
Required:
Answer:
Mario and Luigi began operations of their plumbing supplies shop (M & L PS Co.) on...
Mario and Luigi began operations of their plumbing supplies shop
(M & L PS Co.) on January 1, 2010. The annual reporting period
ends December 31. The trial balance on January 1, 2018, appears
below (the amounts are rounded to thousands of dollars to
simplify).
Transactions during 2018 (summarized in thousands of dollars)
follow (no particular date sequence):
Borrowed $12 cash on a short-term note payable.
Purchased land for future building site, paid cash, $9.
Earned revenues for 2018, $160,...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 58 Accumulated Depreciation $ 6 Software 16 Accumulated Amortization 7 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 69 Accumulated Depreciation $ 6 Software 24 Accumulated Amortization 4 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages...
Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Account Titles Debit Credit Cash $ 4 Accounts Receivable 5 Supplies 1 Equipment 7 Accumulated Depreciation $ 0 Software 11 Accumulated Amortization 5 Accounts Payable 8 Notes Payable (long-term) 0 Salaries and Wages Payable 0 Interest Payable...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify): Debit Credit $ 2 6 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short- term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 69 Accumulated Depreciation $ 6 Software 24 Accumulated Amortization 4 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2013. The annual reporting period ends December 31. The trial balance on January 1, 2015, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 69 Accumulated Depreciation $ 6 Software 24 Accumulated Amortization 4 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages...
Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Account Titles Debit Credit Cash $ 4 Accounts Receivable 5 Supplies 1 Equipment 7 Accumulated Depreciation $ 0 Software 11 Accumulated Amortization 5 Accounts Payable 8 Notes Payable (long-term) 0 Salaries and Wages Payable 0 Interest Payable...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 3 Accounts Receivable 5 Supplies 12 Land 0 Equipment 69 Accumulated Depreciation $ 6 Software 24 Accumulated Amortization 4 Accounts Payable 5 Notes Payable (short-term) 0 Salaries and Wages...
on Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sota Furniture, Inc.) on January 1, 2008. The annual reporting period ends December 31. The trial balance January 1, 2009, was as follows (the amounts are rounded to thousands of dollars to simplify): Debit Credit Account Titles $ 5 4 2 6 0 $ 0 9 7 0 0 0 Cash Accounts Receivable Supplies Small Tools Equipment Accumulated Depreciation Other Assets Accounts Payable Notes Payable Wages Payable...