b. Prepare a statement of owner's equity for the two months ended July 31, 2019. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 2019.) If an amount is zero, enter in a "0".
c. Prepare a balance sheet as of July 31, 2019. PS MUSIC Balance Sheet July 31, 2019
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b. Prepare a statement of owner's equity for the two months ended July 31, 2019. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 2019.) If an amount is zero, enter in a "0".
Continuing Problem Chapter 4-Instruction #1 The adjusted trial balance of PS Music as of July 31,...
Continuing Problem Chapter 4-Instruction #1 The adjusted trial balance of PS Music as of July 31, 2019 is shown below: PS Music Adjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 9,945 Accounts Receivable 4,150 Supplies 275 Prepaid Insurance 2,475 Office Equipment 7,500 Accumulated Depreciation—Office Equipment 50 Accounts Payable 8,350 Wages Payable 140 Unearned Revenue 3,600 Peyton Smith, Capital 9,000 Peyton Smith, Drawing 1,750 Fees Earned 21,200 Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,550 Advertising...
PS Music Adjusted Trial Balance July 31, 2019 Credit Debit Balances Balances Cash Accounts Receivable 9,945...
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...
Continuing Problem Chapter 1-Instruction #1 Peyton Smith enjoys listening to all types of music and owns...
Continuing Problem Chapter 1-Instruction #1 Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to all ages. During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends' parties as the host deejay. On...
Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years,...
Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to all ages. During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends’ parties as the host deejay. On June 1, 2016, Peyton established...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31,...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 119 12 ,945 2,750 Accounts Receivable Supplies Prepaid Insurance 1,020 15 2,700 Office Equipment 17 7,500 Accounts Payable Unearned Revenue 23 8,350 7,200 9,000 Peyton Smith, Capital Peyton Smith, Drawing 1,750 Fees Earned 41 16,200 Wages Expense 2,800 51 2,550 Office Rent Expense Equipment Rent...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31,...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 11 9,945 Accounts Receivable 12 2,750 Supplies 14 1,020 Prepaid Insurance 15 2,700 Office Equipment 17 7,500 Accounts Payable 21 8,350 Unearned Revenue 23 7,200 Peyton Smith, Capital 31 9,000 Peyton Smith, Drawing 33 1,750 Fees Earned 41 16,200 Wages Expense 50 2,800 Office Rent...
Ule Peyton Smith enjoys listening to all types of music and owns countless US UV years,...
Ule Peyton Smith enjoys listening to all types of music and owns countless US UV years, Peyton has gained a local reputation for knowledge of music from classical to map and the ability to put together sets of recordings that appeal to all ages. During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends' parties as the host deejay On June 1, 2019, Peyton established...
1. Prepare the income statement for the month ended July 31, 2018.
1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the statement of owner's equity for the month ended July 31, 2018. The beginning balance of capital was $0 and the owner contributed $24,000 during the month. 3. Prepare the balance sheet as of July 31, 2018. 4. Calculate the debt ratio as of July 31, 2018.Sandra Sousa, Registered Dietician Trial Balance July 31, 2018
The unadjusted trial balance of PS Music as of July 31, 2016, along with the adjustment...
The unadjusted trial balance of PS Music as of July 31, 2016,
along with the adjustment data for the two months ended July 31,
2016, are shown in Chapter 3. Based upon the adjustment data, the
following adjusted trial balance was prepared:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE
DEBIT
CREDIT
1
Cash
9,945.00
2
Accounts Receivable
4,150.00
3
Supplies
275.00
4
Prepaid Insurance
2,475.00
5
Office Equipment
7,500.00
6
Accumulated Depreciation-Office Equipment
50.00
7
Accounts Payable...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 2,750 Accounts Receivable Supplies 1,020 2,700 7,500 8,350 7,200 9,000 Prepaid Insurance Office Equipment Accounts Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense 16,200 2,800 2,550 1,375 1,215 Calculator...
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...
Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 119 12 ,945 2,750 Accounts Receivable Supplies Prepaid Insurance 1,020 15 2,700 Office Equipment 17 7,500 Accounts Payable Unearned Revenue 23 8,350 7,200 9,000 Peyton Smith, Capital Peyton Smith, Drawing 1,750 Fees Earned 41 16,200 Wages Expense 2,800 51 2,550 Office Rent Expense Equipment Rent...
Ule Peyton Smith enjoys listening to all types of music and owns countless US UV years, Peyton has gained a local reputation for knowledge of music from classical to map and the ability to put together sets of recordings that appeal to all ages. During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends' parties as the host deejay On June 1, 2019, Peyton established...
1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the statement of owner's equity for the month ended July 31, 2018. The beginning balance of capital was $0 and the owner contributed $24,000 during the month. 3. Prepare the balance sheet as of July 31, 2018. 4. Calculate the debt ratio as of July 31, 2018.Sandra Sousa, Registered Dietician Trial Balance July 31, 2018
The unadjusted trial balance of PS Music as of July 31, 2016,
along with the adjustment data for the two months ended July 31,
2016, are shown in Chapter 3. Based upon the adjustment data, the
following adjusted trial balance was prepared:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE
DEBIT
CREDIT
1
Cash
9,945.00
2
Accounts Receivable
4,150.00
3
Supplies
275.00
4
Prepaid Insurance
2,475.00
5
Office Equipment
7,500.00
6
Accumulated Depreciation-Office Equipment
50.00
7
Accounts Payable...
Continuing Problem Chapter 3 - Instruction #1 The unadjusted trial balance for PS Music as of July 31, 2019 is as follows: PS Music Unadjusted Trial Balance July 31, 2019 Account No. Debit Balances Credit Balances Cash 9,945 2,750 Accounts Receivable Supplies 1,020 2,700 7,500 8,350 7,200 9,000 Prepaid Insurance Office Equipment Accounts Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Wages Expense Office Rent Expense Equipment Rent Expense Utilities Expense 16,200 2,800 2,550 1,375 1,215 Calculator...
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