CP 3-2 The following unadjusted accounts are extracted from the general ledger of A Corp. at...
CP 9–1 The following unadjusted accounts are taken from the
records of Brown Corp. at December 31, 2019:
I have attached the full question and workbook for the answers
to be filled into below. The answers must put put
into this workbook format or I won't understand them. Also, I can't
understand handwriting that's not my own that well, so if you must
give me handwritten answers, please only print and make it very
understandable. Thank you!
CP 9-1 The...
P7.1. Goodness Hospital's general ledger contains the following unadjusted account balances, among others, at December 31, 20X1: 130 Acct. No. 104 Accounts receivable $ 850,000 105 Allowance for uncollectible accounts -0- 120 Land 25,000 Buildings 3,000,000 131 Accumulated depreciation-buildings -0- 140 Equipment 1,800,000 Accumulated depreciation equipment 501 Contractual adjustments 502 Charity care adjustments 607 Depreciation expense 609 Bad debt expense The following additional information is available: 1. Of the December 31, 20x1, accounts receivable, it is estimated that 15 percent...
CP 9‐2
An extract from the trial balance of Selby Corp. at December 31,
2019 is reproduced below:
I have attached the full question and workbook for the answers
to be filled into below. The answers must put put
into this workbook format or I won't understand them. Also, I can't
understand handwriting that's not my own that well, so if you must
give me handwritten answers, please only print and make it very
understandable. Thank you!
CP 9-2 An...
Gaterburg Hospital’s general ledger contains the following unadjusted account balances, among others, for December 31, 20X5: Acct. No. 104 Accounts receivable $120,000 105 Allowance for uncollectible accounts -0- 120 Land 15,000 130 Buildings 900,000 131 Accumulated depreciation—buildings 80,000 140 Equipment 450,000 141 Accumulated depreciation—equipment 120,000 501 Contractual adjustments -0- 502 Charity care adjustments -0- 607 Depreciation expense -0- 609 Bad debt expense -0- The following additional information is available: 1. Of the December 31, 20X5, accounts receivable, it is estimated...
P 3-1 The following unrelated accounts are extracted from the trial balance of Meekins Limited at December 31, its fiscal year-end: Account a. Prepaid rent b. Wages payable c. Income taxes payable d. Unearned commissions revenue e. Other unearned revenue f. Advertising expense 8. Depreciation expense - equipment h. Supplies expense i. Truck operating expense Balance Unadjusted Adjusted $ 300 $ 600 500 700 1,000 2,000 3,000 25,000 20,000 5,000 3,500 500 850 625 4,000 4,500 -0- Required: For each...
P7.3. Gaterburg Hospital's general ledger contains the following unad- justed account balances, among others, for December 31, 20X5: Acct. No. 104 $120,000 105 -O- 131 Accounts receivable Allowance for uncollectible accounts 120 Land 130 Buildings Accumulated depreciation-buildings 140 Equipment Accumulated depreciation equipment Contractual adjustments 502 Charity care adjustments 607 Depreciation expense 609 Bad debt expense The following additional information is available: 15,000 900,000 80,000 450,000 120,000 501 1. Of the December 31, 20X5, accounts receivable, it is estimated that 17...
At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event Assets = Accounting Titles for Retained Earnings + Liabilities Notes Payable 12,000 Cash Land 10,000 20,000 Stockholders' Equity Common Retained Stock Earnings 7,000 11,000 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to...
Roth Contractors Corporation was incorporated on December 1, 2019. Required. Part A 1 Prepare journal entries to record the December transactions shown on page "Transactions Pt. A". General ledger account numbers and descriptions are not needed. 2 Post the entries to general ledger T-accounts. Part B Prepare all necessary adjusting entries based on the information shown on the printed "Adj. Entries Pt. B" page. General ledger account numbers and descriptions are not necessary. 4 Post the entries to general ledger...
$86, JUL GENERAL LEDGER Obj. 1, 2, 3 PR 9-5A Transactions for fixed assets, including sale The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining- balance method of depreciation is used. Year 1 Jan. 4. Purchased a used delivery truck for $28,000, paying cash. Nov. 2. Paid garage 5675 for miscellaneous repairs to the truck. Dec. 31. Recorded depreciation on the truck...
From the foll owing selected ending ledger balance extracted from the ledger book of Aman’s Accounting Practice Pty Ltd during December 2019, prepare the unadjusted Ending Trial balance, adjusted Income statement and adjusted balance sheet for “Adam’s Legal Practice Pty Ltd.” Aman’s Accounting Practice Pty Ltd. Ending Ledger Balance 31 December 2019 Account Title Ending balance Debit ($) Credit ($) Cash 343,700 Prepiad internet 100 Books & Stationeries 35,900 Prepaid Insurance 18,000 Prepaid Internet $200 Land 35,000 Buildings 125,000 Equipment...