Homework Answers
The acronym I have used in the answer – Beginning Balance (BB), Debit (DR) Credit (CR) Ending Balance (EB), Accumulated Depreciation (Acc Dep) , Account Receivable (Acct Rec) Account Payable (Acct Pay) & Advertisement Expense (Advt Exp)
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The following information applies to the questions displayed below The following is the post-closing trial balance...
The following information applies to the questions displayed below.] The following is the post-closing trial balance...
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, 2017. Account Title Debits Credits Cash 4,200 Accounts receivable 1,200 Inventory 4,200 Equipment 10,200 Accumulated depreciation—equipment 2,700 Accounts payable 2,200 Common stock 10,000 Retained earnings 4,900 Sales revenue 0 Cost of goods sold 0 Salaries and wages expense 0 Rent expense 0 Advertising expense 0 Totals 19,800 19,800 The following transactions occurred during January 2018:...
The following intormation applies to the questions displayed below 7 The following is the post-closing trial...
The following intormation applies to the questions displayed below 7 The following is the post-closing trial balance for the Whitow Manufacturing Corporation as of December 31. 2017 Cash 4,200 4,200 10,280 Inventory Equipment Accumulated depreciation-equipment Accounts payable Conmon stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense Totals 2,788 2,200 18,880 4,980 19,880 19,880 The following transactions occurred during January 2018: Jan. 1 Sold merchandise for cash, $2,780. The cost of the...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The...
Part 2 of 3 Required Information (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 points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook 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 9,000 6,300 Print 20.680 20,600 The following transactions...
[The following information applies to the questions displayed below.] The following is the post-closing trial balance...
[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. Account Title Debits Credits Cash 4,100 Accounts receivable 1,100 Inventory 4,100 Equipment 10,100 Accumulated depreciation 2,600 Accounts payable 2,100 Accrued liabilities 0 Common stock 9,000 Retained earnings 5,700 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Totals 19,400 19,400 The following transactions occurred during January...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow
Manufacturing Corporation as of December 31, 2020.
Account Title
Debits
Credits
Cash
5,800
Accounts receivable
2,800
Inventory
5,800
Equipment
11,800
Accumulated depreciation
4,300
Accounts payable
3,800
Accrued liabilities
0
Common stock
10,000
Retained earnings
8,100
Sales revenue
0
Cost of goods sold
0
Salaries expense
0
Rent expense
0
Advertising expense
0
Totals
26,200
26,200
The following transactions occurred during January 2021:
Jan.
1
Sold merchandise for cash, $4,300. The...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Cash Debits Credits 5,700 2,700 Accounts receivable 5,700 11,700 Inventory Equipment Accumulated depreciation Accounts payable 4,200 3,700 Accrued 1iabilities 9,000 8,900 Common stock Retained earnings Sales revenue 36 Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,800 The following transactions occurred during January 2021: 1 Sold merchandise for cash, $4,200. The cost of the merchandise vas $2,700....
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,500 2,500 5,500 11,500 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 4,000 3,500 8,000 9,500 @ 25,000 25,000 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,000. The cost of the merchandise was $2,500. The...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2015 Debits 4,800 1,800 4,800 10,800 Credits Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation- 3,300 equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense 2,800 10,000 6,100 0 0 0 0 Totals 22,200 22,200 The following transactions occurred during January 2016: Jan. 1 Sold merchandise for cash, $3,300. The cost...
create a unadjusted trial balance with the following information: The following is the post-closing trial balance...
create a unadjusted trial balance with the following information: The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017. Account Title Debits Credits Cash 6,000 Accounts receivable 3,000 Inventory 6,000 Equipment 12,000 Accumulated depreciation—equipment 4,500 Accounts payable 4,000 Common stock 9,000 Retained earnings 9,500 Sales revenue 0 Cost of goods sold 0 Salaries and wages expense 0 Rent expense 0 Advertising expense 0 Totals 27,000 27,000 The following transactions occurred during January 2018:...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,700 2,700 5,700 11,700 4,200 3,700 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 9,000 8,900 25,800 25,800 The following transactions occurred during January 2021: Jan. 1 sold merchandise for cash, $4,200. The cost of the merchandise was $2,700....
The following intormation applies to the questions displayed below 7 The following is the post-closing trial balance for the Whitow Manufacturing Corporation as of December 31. 2017 Cash 4,200 4,200 10,280 Inventory Equipment Accumulated depreciation-equipment Accounts payable Conmon stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense Totals 2,788 2,200 18,880 4,980 19,880 19,880 The following transactions occurred during January 2018: Jan. 1 Sold merchandise for cash, $2,780. The cost of the...
Part 2 of 3 Required Information (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 points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook 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 9,000 6,300 Print 20.680 20,600 The following transactions...
The following is the post-closing trial balance for the Whitlow
Manufacturing Corporation as of December 31, 2020.
Account Title
Debits
Credits
Cash
5,800
Accounts receivable
2,800
Inventory
5,800
Equipment
11,800
Accumulated depreciation
4,300
Accounts payable
3,800
Accrued liabilities
0
Common stock
10,000
Retained earnings
8,100
Sales revenue
0
Cost of goods sold
0
Salaries expense
0
Rent expense
0
Advertising expense
0
Totals
26,200
26,200
The following transactions occurred during January 2021:
Jan.
1
Sold merchandise for cash, $4,300. The...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Cash Debits Credits 5,700 2,700 Accounts receivable 5,700 11,700 Inventory Equipment Accumulated depreciation Accounts payable 4,200 3,700 Accrued 1iabilities 9,000 8,900 Common stock Retained earnings Sales revenue 36 Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,800 The following transactions occurred during January 2021: 1 Sold merchandise for cash, $4,200. The cost of the merchandise vas $2,700....
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,500 2,500 5,500 11,500 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 4,000 3,500 8,000 9,500 @ 25,000 25,000 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,000. The cost of the merchandise was $2,500. The...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2015 Debits 4,800 1,800 4,800 10,800 Credits Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation- 3,300 equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense Advertising expense 2,800 10,000 6,100 0 0 0 0 Totals 22,200 22,200 The following transactions occurred during January 2016: Jan. 1 Sold merchandise for cash, $3,300. The cost...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,700 2,700 5,700 11,700 4,200 3,700 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 9,000 8,900 25,800 25,800 The following transactions occurred during January 2021: Jan. 1 sold merchandise for cash, $4,200. The cost of the merchandise was $2,700....
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