TBS | ||
Adjusted Trial Balance | ||
February 28, 2019 | ||
Debit | Credit | |
Cash | 36,824 | |
Accounts receivable | 13,618 | |
Computer supplies inventory | 2,445 | |
Prepaid insurance | 4,620 | |
Prepaid rent | 4,400 | |
Office equipment | 8,000 | |
Accumulated depreciation—Office equipment | - | |
Computer equipment | 20,000 | |
Accumulated depreciation—Computer equipment | - | |
Accounts payable | - | |
Wages payable | - | |
Unearned computer services revenue | - | |
Common stock | 75,000 | |
Retained earnings | - | |
Dividends | 4,600 | |
Computer services revenue | 25,719 | |
Depreciation expense—Office equipment | - | |
Depreciation expense—Computer equipment | - | |
Wages expense | 2,725 | |
Insurance expense | - | |
Rent expense | - | |
Computer supplies expense | - | |
Advertising expense | 1,628 | |
Mileage expense | 804 | |
Miscellaneous expenses | 350 | |
Repairs expense—Computer | 705 | |
Totals | 100,719 | 100,719 |
Date | Accounts title | Dr | Cr |
April | |||
1 | Cash | 54000 | |
Computer Equipment | 27000 | ||
To common stock | 81000 | ||
2 | Rent expense | 5200 | |
To cash | 5200 | ||
3 | Office supplies expense | 3800 | |
To cash | 3800 | ||
5 | cash | 10500 | |
To Unearned consulting revenue | 10500 | ||
7 | Prepaid insurance | 2640 | |
To cash | 2640 | ||
14 | Salaries expense | 2400 | |
To cash | 2400 | ||
24 | Cash | 21600 | |
To commission earned | 21600 | ||
28 | Salaries expense | 2400 | |
To Cash | 2400 | ||
29 | Repair expense | 650 | |
To cash | 650 | ||
30 | Telephone expense | 1600 | |
To cash | 1600 | ||
30 | Dividend | 1200 | |
To cash | 1200 |
TBS Adjusted Trial Balance February 28, 2019 Debit Credit Cash 36,824 Accounts receivable 13,618...
PS Music Adjusted Trial Balance July 31, 2019 Credit Debit Balances Balances Cash Accounts Receivable 9,945 4,150 Supplies 275 2,475 Prepaid Insurance Office Equipment 7,500 8,350 140 Accumulated Depreciation ---Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing 3,600 9,000 1,750 Fees Earned 21,200 Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,550 Advertising Expense 1,500 1,375 Equipment Rent Expense Utilities Expense 1,215 Supplies Expense 925 Insurance Expense Depreciation Expense 50 Miscellaneous Expense 1,855...
unadjusted trial balance of Business Solutions (reflecting its transactions for October and November o Credit Debit $ 39,064 13,318 2,545 1,980 3,020 8,700 21,200 O oooo No. Account Title 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings Dividends 403 Computer services revenue 612...
prepare a post-closing trial balance. Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 54 Accumulated Depreciation $ 5 Software 21 Accumulated Amortization 6 Accounts Payable 4 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 72 Retained Earnings 9 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 Supplies Expense 0 Totals...
Post-Closing Trial Balance December 31, 2018 Debit Credit Cash 18,200 Accounts receivable 3,960 Supplies 1,380 Prepaid insurance 750 Prepaid rent 3,800 Furniture 5,000 Accumulated depreciation, furniture 450 Equipment 8,000 Accumulated depreciation, equipment 4,000 Accounts payable 2,700 Accrued liabilities 190 Unearned service revenue 1,900 Common shares 20,000 Retained earnings 11,850 Total 41,090 41,090 PREPARE JOURNAL ENTRIES (+ADJUSTING ONES IF NEEDED) Business Activities for January, 2019 On January 4, 2019, Linda paid the outstanding accounts payable balance from December 31, 2018. On...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. No.Account TitleDebitCredit101Cash$38,964106Accounts receivable12,818126Computer supplies2,545128Prepaid insurance2,160131Prepaid rent2,940163Office equipment8,900164Accumulated depreciation—Office equipment$0167Computer equipment23,600168Accumulated depreciation—Computer equipment0201Accounts payable0210Wages payable0236Unearned computer services revenue0307Common stock67,000318Retained earnings0319Dividends5,900403Computer services revenue36,429612Depreciation expense—Office equipment0613Depreciation expense—Computer equipment0623Wages expense2,225637Insurance expense0640Rent expense0652Computer supplies expense0655Advertising expense1,678676Mileage expense704677Miscellaneous expenses200684Repairs expense—Computer795Totals$103,429$103,429 Business Solutions had the following transactions and events in December 2019. Dec.2Paid $995...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. No.Account TitleDebitCredit101Cash$38,964106Accounts receivable12,818126Computer supplies2,545128Prepaid insurance2,160131Prepaid rent2,940163Office equipment8,900164Accumulated depreciation—Office equipment$0167Computer equipment23,600168Accumulated depreciation—Computer equipment0201Accounts payable0210Wages payable0236Unearned computer services revenue0307Common stock67,000318Retained earnings0319Dividends5,900403Computer services revenue36,429612Depreciation expense—Office equipment0613Depreciation expense—Computer equipment0623Wages expense2,225637Insurance expense0640Rent expense0652Computer supplies expense0655Advertising expense1,678676Mileage expense704677Miscellaneous expenses200684Repairs expense—Computer795Totals$103,429$103,429 Business Solutions had the following transactions and events in December 2019. Dec.2Paid $995...
Serial Problem Business Solutions LO P1, P2, P3, P4, P5, P6After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. No.Account TitleDebitCredit101Cash$39,064106Accounts receivable13,318126Computer supplies2,545128Prepaid insurance2,160131Prepaid rent3,000163Office equipment8,200164Accumulated depreciation—Office equipment$0167Computer equipment20,000168Accumulated depreciation—Computer equipment0201Accounts payable0210Wages payable0236Unearned computer services revenue0307Common stock68,000318Retained earnings0319Dividends5,800403Computer services revenue31,759612Depreciation expense—Office equipment0613Depreciation expense—Computer equipment0623Wages expense2,475637Insurance expense0640Rent expense0652Computer supplies expense0655Advertising expense1,648676Mileage expense634677Miscellaneous expenses200684Repairs expense—Computer715Totals$99,759$99,759 Business Solutions...
Set up T-accounts for the accounts on the trial balance. Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 54 Accumulated Depreciation $ 5 Software 21 Accumulated Amortization 6 Accounts Payable 4 Notes Payable (short-term) 0 Salaries and Wages Payable 0 Interest Payable 0 Income Tax Payable 0 Common Stock 72 Retained Earnings 9 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense...
Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment $24,000 2,800 Accounts Payable Salaries Payable 4,450 Unearned Service Revenue 3,875 8,000 Common Stock Retained Earnings 2,255 Dividends 10,500 Service Revenue 100,000 Salaries Expense 49,400 Rent Expense 17,250 Insurance Expense 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,800 Totals $145,380 $145,380 Salaries Expense 49,400 Rent Expense 17,250 2,200 Insurance Expense Depreciation Expense Income Taxes Expense 4,950 5,800...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...