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Prepare a worksheet for Morin Co. from the information below Indicate the normal balance and category...
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows, The owner...
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows, The owner made no additional investments during the year. Accounts Debit 19,300 60, 500 Credit Cash Accounts Receivable- Allowance for Doubt ful Accounts Merchandise Inventory 190 186,900 7,210 3,130 51,700 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and Allowances 18, 500 9,400 1,460 380 280,...
The Income Statement and Balance Sheet columns below are from the worksheet of Bleeker Street Bounty...
The Income Statement and Balance Sheet columns below are from
the worksheet of Bleeker Street Bounty year ended December 31,
20--.
Using the worksheet, compute (a) total current assets, (b)
working capital, (c) current ration, and (d) accounts receivable
turnover. (Accounts receivable balance on Jan. 1, 20-- was
$23,200.) Round to 2 decimal places. All sales are on account.
I'm really just needing something to cross-check.
Bleeker Street Bounty Work Sheet (partial) For the year ended December 31, 20- Income...
#6 The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The...
#6
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Credit $ Debit 18,300 59,500 250 185, 900 7, 110 3,030 50,700 17,500 8,400 1,360 440 275,970 73,700 179.700 Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales...
50 125 24. Prepare closing entries from the following information on the Warner Books worksheet adjustedt...
50 125 24. Prepare closing entries from the following information on the Warner Books worksheet adjustedt balance columns. (12 pts) Adjusted Trial Balance Debit Credit 60 Cash Accounts Receivable 22 Merchandise Inventory Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Werner, Capital Werner, Withdrawals Income Summary Sales Sales Ret. and Allow. Sales Discounts Purchases Pur. Ret. and Allow. Pur. Discount Freight In Sales Salaries Expense Office Salaries Expense _Total 0 + 384
Instructions state: Prepare a post closing trail balance for the firm on December 31, 2019. The...
Instructions state: Prepare a post closing trail balance for the
firm on December 31, 2019.
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and allowances Purchases Freight...
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner...
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Debit Credit Cash $ 19,100 Accounts Receivable 60,300 Allowance for Doubtful Accounts $ 170 Merchandise Inventory 186,700 Supplies 7,190 Prepaid Insurance 3,110 Equipment 51,500 Accumulated Depreciation—Equipment 18,300 Accounts Payable 9,200 Social Security Tax Payable 1,440 Medicare Tax Payable 360 Steven Van Zant, Capital 279,540 Steven Van Zant, Drawing 74,500 Income Summary 180,500 186,700 Sales 775,500 Sales...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58.475 on January 1, 2019, and $51,425 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $245,000 Cr 4,220 Dr 270 Cr 451 Sales Returns and Allowances 491 Miscellaneous Income s01 Purchases 502 Freight In se3 Purchases Returns and Allowances 584 Purchases...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise Inventory amounted to $58,375 on January 1, 2019, and $51,325 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 5e2 Freight In 5e3 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store...
The following accounts and their current balances appear in the ledger of Cerelat Co. at the...
The following accounts and their current balances appear in the ledger of Cerelat Co. at the end of its fiscal year, June 30. Cerelat uses a periodic inventory system. Cash $450,000 Sales 1,600,000 Accounts Receivable 650,000 Purchases 850,000 Inventory 850,000 Purchases Returns and Allowances 7,000 Estimated Returns Inventory 15,000 Purchases Discounts 3,500 Office Supplies 8,000 Freight In 16,000 Prepaid Insurance 8,500 Sales Salaries Expense 210,000 Office Equipment 900,000 Advertising Expense 100,000 Accumulated Depreciation-Office Equipment 600,000 Depreciation Expense-Store Equipment 48,000 Store...
Exercise 13.3 Preparing a classified income statement. LO 13-1 The worksheet of Bridget's Office Supplies contains...
Exercise 13.3 Preparing a classified income statement. LO 13-1 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,975 on January 1, 2019, and $51.925 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. eBook $246.000 r. 4,270 Dr. J20 CP 182,800 Or 3.5e Cr. 1,720 C Accounts 401 Sales 451 Sales Returns and...
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows, The owner made no additional investments during the year. Accounts Debit 19,300 60, 500 Credit Cash Accounts Receivable- Allowance for Doubt ful Accounts Merchandise Inventory 190 186,900 7,210 3,130 51,700 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and Allowances 18, 500 9,400 1,460 380 280,...
The Income Statement and Balance Sheet columns below are from
the worksheet of Bleeker Street Bounty year ended December 31,
20--.
Using the worksheet, compute (a) total current assets, (b)
working capital, (c) current ration, and (d) accounts receivable
turnover. (Accounts receivable balance on Jan. 1, 20-- was
$23,200.) Round to 2 decimal places. All sales are on account.
I'm really just needing something to cross-check.
Bleeker Street Bounty Work Sheet (partial) For the year ended December 31, 20- Income...
#6
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Credit $ Debit 18,300 59,500 250 185, 900 7, 110 3,030 50,700 17,500 8,400 1,360 440 275,970 73,700 179.700 Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales...
50 125 24. Prepare closing entries from the following information on the Warner Books worksheet adjustedt balance columns. (12 pts) Adjusted Trial Balance Debit Credit 60 Cash Accounts Receivable 22 Merchandise Inventory Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Werner, Capital Werner, Withdrawals Income Summary Sales Sales Ret. and Allow. Sales Discounts Purchases Pur. Ret. and Allow. Pur. Discount Freight In Sales Salaries Expense Office Salaries Expense _Total 0 + 384
Instructions state: Prepare a post closing trail balance for the
firm on December 31, 2019.
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and allowances Purchases Freight...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58.475 on January 1, 2019, and $51,425 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $245,000 Cr 4,220 Dr 270 Cr 451 Sales Returns and Allowances 491 Miscellaneous Income s01 Purchases 502 Freight In se3 Purchases Returns and Allowances 584 Purchases...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise Inventory amounted to $58,375 on January 1, 2019, and $51,325 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 5e2 Freight In 5e3 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store...
Exercise 13.3 Preparing a classified income statement. LO 13-1 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,975 on January 1, 2019, and $51.925 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. eBook $246.000 r. 4,270 Dr. J20 CP 182,800 Or 3.5e Cr. 1,720 C Accounts 401 Sales 451 Sales Returns and...
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