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Use the following to answer questions 10 - 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash) see below. Only include the letter of the account not the account name. A Accounts payable E. Dividends 1. Rent expense M. Service revenue B Accounts receivable F. Equipment J. Retained earnings N. Supplies C. Cash G....
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I need help with 21 -27
Use the following to answer questions 21– 27 LIABILITIES & INCOME STATEMENT ASSETS STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable ACCOUNTS A. Cash K. Service Revenue L. Advertising expense B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment H. Deferred revenue M. Rent Expense N. Salaries/Wage expense O. Utilities expense I. Notes Payable J. Retained Earnings February 1st transaction is completed as an example: Only include the letter of the account not...
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Use the following to answer questions 10 – 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)...see below. Only include the letter of the account not the account name. A. Accounts payable B. Accounts receivable C. Cash D. Common stock E. Dividends F. Equipment G. Notes payable H. Prepaid rent I. Rent expense J....
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A d unt bance at the end of the dar 17 $ 50 What is the Accounts payable account balance at the end of the day? 182000 What is the Deferred revenue account balance at the end of the day? 19. $ 0 O What is the Service revenue account balance at the end of the day? 20 $_2000_What is the Advertising expense account balance at the end of the day? Use the following to answer questions 21 - 27...
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I need help with 14 - 20
Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Credit Credit Debit 10,000 Debit 1,000 1 10,000 1,000 Accounts receivable Service revenue Office Supplies Cash Deferred revenue...
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need t accounts and trial balance.
Required Information [The following information applies to the questions displayed below) Boilermaker House Painting Company Incurs the following transactions for September 1. September 3 Paint houses in the current month for $19, on account. 2. September & Purchase painting equipment for $20,000 cash. 3. September 12 Purchase office supplies on account for $3,300. 4. September 15 Pay employee salaries of $4,000 for the current month. 5. September 19 Purchase advertising to appear in the...
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5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
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9. The accountant for Countryside Painting Specialists is having a hard time preparing the trial balance as of November 30, 2018: (Click the icon to view the trial balance.) Prepare the corrected trial balance as of November 30, 2018. Assume all amounts are correct and all accounts have normal balances. Countryside Painting Specialists Trial Balance November 30, 2018 Balance Debit Credit Account Title Total 550 Countryside Painting Specialists Trial Balance November 30, 2018 Balance Account Title Debit Credit Painting Equipment...
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Consider the recorded transactions below. Debit 8,100 Credit 1. Accounts Receivable Service Revenue 8,100 2. Supplies Accounts Payable 2,150 2,150 3. Cash Accounts Receivable 9,900 9,900 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable Cash 3,400 3,400 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $3,100; Accounts Receivable, $3,900; Supplies, $370, Accounts Payable, $3,200; Deferred Revenue,...
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Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck Prepaid Insurance Retained Earnings...
Use the following to answer questions 10 - 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash) see below. Only include the letter of the account not the account name. A Accounts payable E. Dividends 1. Rent expense M. Service revenue B Accounts receivable F. Equipment J. Retained earnings N. Supplies C. Cash G....
I need help with 21 -27
Use the following to answer questions 21– 27 LIABILITIES & INCOME STATEMENT ASSETS STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable ACCOUNTS A. Cash K. Service Revenue L. Advertising expense B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment H. Deferred revenue M. Rent Expense N. Salaries/Wage expense O. Utilities expense I. Notes Payable J. Retained Earnings February 1st transaction is completed as an example: Only include the letter of the account not...
Use the following to answer questions 10 – 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)...see below. Only include the letter of the account not the account name. A. Accounts payable B. Accounts receivable C. Cash D. Common stock E. Dividends F. Equipment G. Notes payable H. Prepaid rent I. Rent expense J....
A d unt bance at the end of the dar 17 $ 50 What is the Accounts payable account balance at the end of the day? 182000 What is the Deferred revenue account balance at the end of the day? 19. $ 0 O What is the Service revenue account balance at the end of the day? 20 $_2000_What is the Advertising expense account balance at the end of the day? Use the following to answer questions 21 - 27...
I need help with 14 - 20
Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Credit Credit Debit 10,000 Debit 1,000 1 10,000 1,000 Accounts receivable Service revenue Office Supplies Cash Deferred revenue...
need t accounts and trial balance.
Required Information [The following information applies to the questions displayed below) Boilermaker House Painting Company Incurs the following transactions for September 1. September 3 Paint houses in the current month for $19, on account. 2. September & Purchase painting equipment for $20,000 cash. 3. September 12 Purchase office supplies on account for $3,300. 4. September 15 Pay employee salaries of $4,000 for the current month. 5. September 19 Purchase advertising to appear in the...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
9. The accountant for Countryside Painting Specialists is having a hard time preparing the trial balance as of November 30, 2018: (Click the icon to view the trial balance.) Prepare the corrected trial balance as of November 30, 2018. Assume all amounts are correct and all accounts have normal balances. Countryside Painting Specialists Trial Balance November 30, 2018 Balance Debit Credit Account Title Total 550 Countryside Painting Specialists Trial Balance November 30, 2018 Balance Account Title Debit Credit Painting Equipment...
Consider the recorded transactions below. Debit 8,100 Credit 1. Accounts Receivable Service Revenue 8,100 2. Supplies Accounts Payable 2,150 2,150 3. Cash Accounts Receivable 9,900 9,900 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable Cash 3,400 3,400 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $3,100; Accounts Receivable, $3,900; Supplies, $370, Accounts Payable, $3,200; Deferred Revenue,...
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck Prepaid Insurance Retained Earnings...