Homework Answers
| Particulars | Debit | Credit |
| Cash | 43 | |
| Account Receivable | 21 | |
| Supplies | 30 | |
| Equipment | 40 | |
| Accumulated Depreciation | 6 | |
| Land | 9 | |
| Other Asset | 14 | |
| Account payable | 29 | |
| Notes payable | 12 | |
| Contribute capital | 68 | |
| Retained earnings | 8 | |
| Dividend declared | 17 | |
| Service revenue | 140 | |
| Selling expenses | 85 | |
| Total | 259 | 259 |
Add Answer to:
Create an unadjusted trial balance from the information
given.
Tons Cosh Neles Payobe (For cash bucocd...
Required: 1., 3. 6. & 10. Enter the unadjusted balances from the trial balance and post...
Required:
1., 3. 6. & 10. Enter the unadjusted
balances from the trial balance and post the adjusting entries to
the T-accounts, and post the closing entries to the T-accounts.
Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits $13,000 Cash Accounts Receivable 6,600 2,600 17,000 Supplies Equipment Accumulated...
Just need help on a couple of these t-accounts DO Recount Titles Cash Recounts Receivable Supplies...
Just need help on a couple of these t-accounts
DO Recount Titles Cash Recounts Receivable Supplies Land Equipment Accumulated Depreciation Software Neculated mortisation Accounts Payable Notes Payable short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Sortisation Expense Income Tax Expense Interest Expense Supplies Expense Totals OOOO $106 $106 Transactions and events during 2018 (summarized in thousands of dollars) follow. a Borrowed $11 cash on March 1...
1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter...
1, 3, 5 and 8. Set up T-accounts for the
accounts on the trial balance. Enter beginning balances and post
the transactions (a)-(j), adjusting entries
(k)-(p), and closing entry. (Enter your answers in
thousands of dollars.)
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...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5, 3ee 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10, eee...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75, 700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $27,500. (Hint: 31 Record the...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75, 700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $27,500. (Hint: 31 Record the...
please help me set up the T-accounts the same way it's shown Transactions and events during...
please help me set up the
T-accounts the same way it's shown
Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8 c. Issued additional shares of common stock on April 3 for $24 d. Purchased software on July 4, $11 cash. e. Purchased supplies on account on October 5 for future use, $19. f....
Required information C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing...
Required information C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4, LO 4-5, LO 4-6) [The following information applies to the questions displayed below.) 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...
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.)...
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 Account Titles $ Cash 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment Accumulated Depreciation Software Accumulated Amortization 70 $ 5 15 5 Accounts Payable Notes Payable (short- term) Salaries and Wages Payable...
[The following information applies to the questions displayed below) Brothers Harry and Herman Hausyerday began operations...
[The following information applies to the questions displayed below) 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: Credit Debit $ 3 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable...
Required:
1., 3. 6. & 10. Enter the unadjusted
balances from the trial balance and post the adjusting entries to
the T-accounts, and post the closing entries to the T-accounts.
Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits $13,000 Cash Accounts Receivable 6,600 2,600 17,000 Supplies Equipment Accumulated...
Just need help on a couple of these t-accounts
DO Recount Titles Cash Recounts Receivable Supplies Land Equipment Accumulated Depreciation Software Neculated mortisation Accounts Payable Notes Payable short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Sortisation Expense Income Tax Expense Interest Expense Supplies Expense Totals OOOO $106 $106 Transactions and events during 2018 (summarized in thousands of dollars) follow. a Borrowed $11 cash on March 1...
1, 3, 5 and 8. Set up T-accounts for the
accounts on the trial balance. Enter beginning balances and post
the transactions (a)-(j), adjusting entries
(k)-(p), and closing entry. (Enter your answers in
thousands of dollars.)
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...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5, 3ee 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10, eee...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75, 700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $27,500. (Hint: 31 Record the...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75, 700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $27,500. (Hint: 31 Record the...
please help me set up the
T-accounts the same way it's shown
Transactions and events during 2018 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8 c. Issued additional shares of common stock on April 3 for $24 d. Purchased software on July 4, $11 cash. e. Purchased supplies on account on October 5 for future use, $19. f....
Required information C4-2 From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing Journal Entries (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4, LO 4-5, LO 4-6) [The following information applies to the questions displayed below.) 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...
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 Account Titles $ Cash 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment Accumulated Depreciation Software Accumulated Amortization 70 $ 5 15 5 Accounts Payable Notes Payable (short- term) Salaries and Wages Payable...
[The following information applies to the questions displayed below) 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: Credit Debit $ 3 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable...
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