This is from Accounting Principles: A Business Perspective 10th edition. Chapter 3 problem 3-1
This is from Accounting Principles: A Business Perspective 10th edition. Chapter 3 problem 3-1 Using 2005...
This is from accounting principles: A business perspective 10th
edition, Chapter 3 problem 3-3
Problems U u ule use year, calculate the trend percentages, and comment on the results Problem 3-1 Prepare adjusting entries (LO. 4) Among other items, the trial balance of Filmblaster, Inc., a movie rental company, a December 31 of the current year includes the following account balances: Prepaid Insurance Prepaid Rent Supplies on Hand Debits $7,500 16,800 3.700 Examination of the records shows that adjustments should...
Here is the problem: Slimbuster, Inc. adjusts its books only on an annual basis. Among other items, the trial balance of Slimbuster at December 31, 2019 includes the following account balances: Prepaid Insurance $14,000 debit balance Prepaid Rent $22,100 debit balance Supplies on Hand $2,400 debit balance Examination of the cords shows that adjustments should be made for the following: A. Of the prepaid insurance on the trial balance, $2,300 is for insurance coverage during the months after December 31,...
Among other items, the partial unadjusted trail balance of Filmblaster, Inc., a movie rental company, at December 31 of the current year includes the following unadjusted account balances: Filmblaster, Inc. Partial Unadjusted Account Balance December 31 Accounts Balance Prepaid Insurance $13750 Prepaid Rent $2928 Supplies $4740 Equipment $16500 Accumulated Depreciation - Equipment $1650 Examination of the records shows that adjustments should be made for the following items, Prepare the annual year end adjusting journal entries at December 31: a) of...
Among other items, the partial unadjusted trail balance of Filmblaster, Inc., a movie rental company at December 31 of the current year includes the following unadjusted account balances: Filmblaster, Inc. Partial Unadjusted Account Balance December 31 Accounts Balance Prepaid Insurance $19800 Prepaid Rent $1632 Supplies $4020 Equipment $17000 Accumulated Depreciation - Equipment $1700 Examination of the records shows that adjustments should be made for the following items, Prepare the annual year end adjusting journal entries at December 31: a) of...
Chapter 3 Adjusting Accounts for a 1 titute poside Following is the unadjusted trial balance for Aloe The Institute pro al balance for Alonzo Institute as of December Institute as of one-on-one training to individuals who pay tuition directly to the business and offers extensa no site locations. Shown after the real holandese tea c h that entries as of December 31. s and offers extension training to is a through that require adjusting P1 P2 P3A ALONRO INSTITUTE Unadjusted...
prepare trail balance
Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare an adjusted trial balance as at August 31. Ayayai Cottages Trial Balance Debit Credit re to search op After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial ba Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Credit Debit $5,900 Cash Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000...
Completing the Accounting Cycle 229 Learning Objectives 1, 2, 3. 4. 5.6 P4-31A Completing the accounting cycle from adjusting entries to post-closing trial balance with an optional worksheet The uradjusted trial balance of Williamson Anvils at December 31, 2016, and the data for the adjustments follow: 5. Net Income 519,890 WILLIAMSON ANVILS Unadjusted Trial Balance December 31, 2016 Account Title Cash Balance Debit Credit $ 16,370 16,500 2.530 1,800 29,000 $ 10,000 6.600 Accounts Receivable Prepaid Rent Office Supplies Equipment...
Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 2,513 Supplies 2,600 Prepaid Insurance 1,800 Land 15,013 Buildings 67,600 Equipment 16,800 Accounts Payable $ 4,713 Unearned Rent Revenue 3,300 Mortgage Payable 33,600 Common Stock 60,013 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $110,626 $110,626 Other data: 1. Insurance expires...
Cornerstone Exercise 3-21 Adjustment for Supplies Pain-Free Dental Group Inc. purchased dental supplies of $18,200 during the year. At the end of the year, a physical count of supplies showed $4,125 of supplies on hand. Required: 1. Prepare the adjusting entry needed at the end of the year. Dec. 31 (Record the use of supplies) 2. What is the amount of supplies reported on Pain-Free's balance sheet at the end of the year? What is the amount of supplies expense...
Exercise 3-1 Preparing adjusting entries LO P1, P2, P3a. Depreciation on the company's equipment for the year is computed to be $ 18,000.b. The Prepaid Insurance account had a $ 6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $ 1,100 of unexpired insurance coverage remains.c. The Office Supplies account had a $ 700 debit balance at the beginning of the year, and $ 3,480...