Homework Answers
NOTE: it is assumed that ,office supplies is assets.
Essentially, expenses are things that are consumed and value is not maintained. This includes pens, pencils, paper, notebooks, etc. These are most commonly referred to as “supplies”. Things like computers and desks (which you can obviously sell to someone when you are done using them) are most often referred to as office “equipment” and are usually included in a more general balance sheet as a fixed asset.
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Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends 25,270 Consulting fees earned 22,280...
Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned...
Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned s 26,920 9,460 5,518 760 430 101,880 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 18,780 Common stock 5,910 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The endin as of August 31 is $4,850) HELP TODAY Balance Sheet < Prev 8 of 9 Next...
Cash Accounts receivable office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned...
Cash Accounts receivable office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned 26,92 9,460 5,510 760 430 101,800 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscel laneous expenses 10,780 Common stock 5,918 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business HELP TODAY Income Statement here to search ax We were unable to transcribe this image
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $ 25, 270 Consulting fees earned 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 10,700 Common stock 5,910 $ 26,920 9,460 5,510 760 430 101,000 Use the above information to prepare an August...
Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting...
Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable office supplies Land Office equipment Accounts payable $ 25, 270 C. Camry, withdrawals 22,280 Consulting fees earned 5,150 Rent expense 43,940 Salaries expense 19,910 Telephone expense 10,700 Miscellaneous expenses $ 5,910 26,920 9, 460...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August Cash Accounts receivable office supplies Land office equipment Accounts payable Dividends $ 25,310 Consulting fees earned 22,320 Rent expense 5,200 Salaries expense 43,970 Telephone expense 19,969 Miscellaneous expenses 10,700 Common stock 5,950 $ 26,960 9,500 5,560 820 470 101,400 Exercise 2-18 Preparing a balance sheet LO P3 Use...
Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting...
Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25, 430 Dividends 22,450 Consulting fees earned 5.340 Rent expense 44,080 salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses 102,800 $ 6,080 27,080 9.640...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 Paid rent for the month, $2,200. 3 Paid advertising expense, $550. 5 Paid cash for supplies, $1,200. 6 Purchased office equipment on account, $9,300. 10 Received cash from customers on account, $16,950. 15 Paid creditors on account, $3,000. 27 Paid cash for miscellaneous...
[The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called...
[The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $ 25,310 Consulting fees earned 22,320 Rent expense 5,200 Salaries expense 43,970 Telephone expense 19,960 Miscellaneous expenses 10,700 Common stock 5,950 $ 26,960 9,500 5,560 820 470 101,400...
22 Innovative Consulting Co, has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office...
22
Innovative Consulting Co, has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $2,800 3. Paid advertising expense, $1,810 S. Paid cash...
Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned s 26,920 9,460 5,518 760 430 101,880 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 18,780 Common stock 5,910 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The endin as of August 31 is $4,850) HELP TODAY Balance Sheet < Prev 8 of 9 Next...
Cash Accounts receivable office supplies Land Office equipment Accounts payable Dividends s 25,270 Consulting fees earned 26,92 9,460 5,510 760 430 101,800 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscel laneous expenses 10,780 Common stock 5,918 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business HELP TODAY Income Statement here to search ax We were unable to transcribe this image
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $ 25, 270 Consulting fees earned 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 10,700 Common stock 5,910 $ 26,920 9,460 5,510 760 430 101,000 Use the above information to prepare an August...
Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable office supplies Land Office equipment Accounts payable $ 25, 270 C. Camry, withdrawals 22,280 Consulting fees earned 5,150 Rent expense 43,940 Salaries expense 19,910 Telephone expense 10,700 Miscellaneous expenses $ 5,910 26,920 9, 460...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August Cash Accounts receivable office supplies Land office equipment Accounts payable Dividends $ 25,310 Consulting fees earned 22,320 Rent expense 5,200 Salaries expense 43,970 Telephone expense 19,969 Miscellaneous expenses 10,700 Common stock 5,950 $ 26,960 9,500 5,560 820 470 101,400 Exercise 2-18 Preparing a balance sheet LO P3 Use...
Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25, 430 Dividends 22,450 Consulting fees earned 5.340 Rent expense 44,080 salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses 102,800 $ 6,080 27,080 9.640...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
[The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $ 25,310 Consulting fees earned 22,320 Rent expense 5,200 Salaries expense 43,970 Telephone expense 19,960 Miscellaneous expenses 10,700 Common stock 5,950 $ 26,960 9,500 5,560 820 470 101,400...
22
Innovative Consulting Co, has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $2,800 3. Paid advertising expense, $1,810 S. Paid cash...
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