Calculate adjusted net income
Unadjusted net income | 46850 |
Less: Supplies expense | -2300 |
Adjusted net income | 44550 |
So answer is c) $44550
The unadjusted net income on the income statement was $46,850. After journalizing and posting the adjusting...
MC Qu. 5-73 (Static) The unadjusted net income on the income... The unadjusted net income on the income statement was $23,760. After journalizing and posting the adjusting entries for the $1,620 of supplies used and $3,700 of depreciation on the company's equipment for the year, the adjusted net income is: Multiple Choice $18,440. $20,060. O $22,140
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance.
3.25 Journalining adjusting entries and posting to account The unadjusted trial balance for Pit Class Maldo Company, the dining service, is as follows: FIRST CLASS MAIDS COMPANY Unad usted Trial Balance December 31, 2014 3.000 Account Title Cath Office Supplies Prepaid instance Equipment Accumuland Depreciation opment Accounts Payable Salaries Payable Unnamed Revenue Molly Capital Moly Withdrawal Service Revenue Salaries Expense Supplies Expense Depreciation Expense Equipment Insurance pense Total $ 4.500 During the 12 months ended December 31, 2014. First Class...
Unadjusted net income equals $7,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $700 2. Interest due on note payable at the bank, $80 3. Unearned revenue that has been earned, $950 4. Supplies used, $215 Adjusted net income amounts to $
Unadjusted net income equals $8,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $510 2. Interest due on note payable at the bank, $100 3. Unearned revenue that has been earned, $650 4. Supplies used, $205 Adjusted net income amounts to $
Mei-ling had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Mei-ling prepared the following adjusted trial balance. 51 MATCHA CREATIONS Adjusted Trial Balance December 31, 2021 Account Titles Debit Credit Cash NT$1,016 Accounts Receivable 754 Supplies 304 Prepaid Insurance 1,040 Equipment 1,032 Accumulated Depreciation-Equipment NT$38 Accounts Payable Salaries and Wages Payable Unearned Service Revenue 258 Interest Payable Notes Payable 1,720 Share Capital-Ordinary 688 Dividends 430 Service Revenue 3,882...
Q3-55 (similar to) Unadjusted net income equals $5,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $650 2. Interest due on note payable at the bank, $80 3. Unearned revenue that has been earned, $700 4. Supplies used, $300 Adjusted net income amounts to $
Q3-56 (similar to) Unadjusted net income equals $9,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $600 2. Interest due on note payable at the bank, $110 3. Unearned revenue that has been earned, $1,000 4. Supplies used, $225 $ Adjusted net income amounts to
28 Journalizing adjusting entries and analyzing their effect on the income statement The following data at July 31, 2018, are given for RCO: a. Depreciation, $600. b. Prepaid rent expires, $200. c. Interest expense accrued, $700. d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $8,000. The Adju e. Unearned revenue earned, $1,000. f. Office supplies used, $150. Requirements 1. Journalize the adjusting entries needed on July 31, 2018. 2. Suppose the adjustments made in...
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance. COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit ash $1,180 Accounts Receivable 875 Supplies 350 Prepaid Insurance 1,210 Equipment 1,200 Accumulated Depreciation—Equipment $40 Accounts Payable 75 Salaries and Wages Payable 56 Unearned Service Revenue 300 Notes Payable 2,000 Interest Payable 15 Common Stock 800 Dividends 500 Service Revenue 4,515...