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Question 1 10 pts using ex 4-19 p. 207 indicate whether the account below should have...
please answer questions 1-9 Question 1 1 pts The Financial Statement that uses the Basic Accounting...
please answer questions 1-9
Question 1 1 pts The Financial Statement that uses the Basic Accounting Equation is: The Balance Sheet The Income Statement The Statement of Cash Flows All of them Question 2 1 pts Select the journal entry to correctly record services billed to clients. DR Fees Earned; CR Revenue DR Accounts Payable; CR Fees Earned DR Accounts Receivable; CR Cash DR Accounts Receivable; CR Fees Earned Question 3 Which of the following accounts is NOT closed during...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
EXTRA CREDIT QUESTION (10 POINTS) Complete the template for the expanded accounting equation below: Write in the classification of each T account. 2. Fill in the boxes to indicate whether each...
EXTRA CREDIT QUESTION (10 POINTS) Complete the template for the expanded accounting equation below: Write in the classification of each T account. 2. Fill in the boxes to indicate whether each T account is added or subtracted. . Use the and -signs to indicate whether the debit or the credit increases () or decreases -) the acco Dr. Cr Dr. Cr Dr. Cr. Dr. Cr. MULTIPLE CHOICE (60 POINTS). Choose the best answer of the options provided. Record your answers...
4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing...
4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing entries for the year end. Account Title Debit Credit Cash 20,000.00 Office Supplies 5,000.00 Prepaid Insurance 4,000.00 Equipment 30,000.00 Accumulated Depreciation - Equip 17,000.00 Accounts Payable 16,000.00 Common Stock 10,000.00 Retained Earnings 2,500.00 Dividends 5,000.00 Consulting Services 90,000.00 Wages Expense 55,000.00 Rent Expense 12,000.00 Utilities Expense 3,000.00 Taxes Expense 1,500.00 Totals $ 135,500.00 $ 135,500.00 Account DR CR Date Dec. 31, 2019
Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is...
Journalize the closing entries at April 30. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Pina Colada Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 7,900 2,000 22,800 5,000 5,600 4,800 22,740 7,010 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings...
Below are accounts with account balances (excluding the balance in the Retained earnings account) for Anton...
Below are accounts with account balances (excluding the balance in the Retained earnings account) for Anton Corporation as of December 31, 20XX. The Retained earning account balance at January 1, 20XX was $293,800. Chapter 4 Question 1: (1 point) Required: What is the amount of the total expenses? Omit $ signs. Chapter 4 Question 2: (1 point) Required: In the first closing entry, for what amount would Retained earnings be credited? Omit $ signs. Chapter 4 Question 3: (2 points)...
Principles of Accounting I Written Cycle Project Version 10 Chapter 4 (part 4 of 4) Instructions:...
Principles of Accounting I Written Cycle Project Version 10 Chapter 4 (part 4 of 4) Instructions: Below is the adjusted trial balance for Able Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance. Able Advertising Inc. Adjusted Trial Balance August 31, 20XX Income Statement Cash Accounts Receivable Prepaid Insurance Advertising Supplies $19600 3500 500 700 5000 Equipment $ 125...
Below is the adjusted trail balance for Bally Services. BALLY SERVICES Adjusted Trial Balance December 31,...
Below is the adjusted trail balance for Bally Services. BALLY SERVICES Adjusted Trial Balance December 31, 2018 DR CR Cash $ 11,000 Accounts Receivable 23,500 Supplies 3,000 Prepaid Insurance 2,500 Equipment 60,000 Accumulated Depreciation- $ 33,000 Equipment Accounts Payable 5,000 Interest Payable 150 Notes Payable 5,000 Unearned Service Revenue 5,600 Salaries and Wages Payable 1,300 Common Stock 10,000 Retained Earnings 3,500 Service Revenue 63,500 Salaries and Wages Expense 11,300 Insurance Expense 850 Interest Expense 500 Depreciation Expense 5,000 Supplies Expense...
he adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
please answer questions 1-9
Question 1 1 pts The Financial Statement that uses the Basic Accounting Equation is: The Balance Sheet The Income Statement The Statement of Cash Flows All of them Question 2 1 pts Select the journal entry to correctly record services billed to clients. DR Fees Earned; CR Revenue DR Accounts Payable; CR Fees Earned DR Accounts Receivable; CR Cash DR Accounts Receivable; CR Fees Earned Question 3 Which of the following accounts is NOT closed during...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
EXTRA CREDIT QUESTION (10 POINTS) Complete the template for the expanded accounting equation below: Write in the classification of each T account. 2. Fill in the boxes to indicate whether each T account is added or subtracted. . Use the and -signs to indicate whether the debit or the credit increases () or decreases -) the acco Dr. Cr Dr. Cr Dr. Cr. Dr. Cr. MULTIPLE CHOICE (60 POINTS). Choose the best answer of the options provided. Record your answers...
4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing entries for the year end. Account Title Debit Credit Cash 20,000.00 Office Supplies 5,000.00 Prepaid Insurance 4,000.00 Equipment 30,000.00 Accumulated Depreciation - Equip 17,000.00 Accounts Payable 16,000.00 Common Stock 10,000.00 Retained Earnings 2,500.00 Dividends 5,000.00 Consulting Services 90,000.00 Wages Expense 55,000.00 Rent Expense 12,000.00 Utilities Expense 3,000.00 Taxes Expense 1,500.00 Totals $ 135,500.00 $ 135,500.00 Account DR CR Date Dec. 31, 2019
Journalize the closing entries at April 30. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Pina Colada Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 7,900 2,000 22,800 5,000 5,600 4,800 22,740 7,010 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings...
Principles of Accounting I Written Cycle Project Version 10 Chapter 4 (part 4 of 4) Instructions: Below is the adjusted trial balance for Able Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance. Able Advertising Inc. Adjusted Trial Balance August 31, 20XX Income Statement Cash Accounts Receivable Prepaid Insurance Advertising Supplies $19600 3500 500 700 5000 Equipment $ 125...
Below is the adjusted trail balance for Bally Services. BALLY SERVICES Adjusted Trial Balance December 31, 2018 DR CR Cash $ 11,000 Accounts Receivable 23,500 Supplies 3,000 Prepaid Insurance 2,500 Equipment 60,000 Accumulated Depreciation- $ 33,000 Equipment Accounts Payable 5,000 Interest Payable 150 Notes Payable 5,000 Unearned Service Revenue 5,600 Salaries and Wages Payable 1,300 Common Stock 10,000 Retained Earnings 3,500 Service Revenue 63,500 Salaries and Wages Expense 11,300 Insurance Expense 850 Interest Expense 500 Depreciation Expense 5,000 Supplies Expense...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
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