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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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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 L. Rent expense J. Retained earnings...
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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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ik this is a long but i wouldnt be posting this if i didnt
absolutely need help with this. thank you to whoever helps
CARLA VISTA CO. Trial Balance June 30, 2022 Debit Credit $4,390 $4,490 2,450 4,300 4,806 2,850 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities Expense 10,300 800 4.780 3,460 980 $19,330 $24,276 Each of the listed accounts has a normal balance per the general...
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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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I need help with 15 - 19
Use the following to answer questions 15 - 19 TM, Inc., had the following account balances at the end of December: Accounts Dividends Supplies Accounts payable Common stock Cash Utilities expense Salaries expense Service revenue Beginning Retained earnings Equipment Balances $150,000 5,000 30,000 400,000 60,000 6,000 345,000 520,000 145,000 15. $ _What were total expenses for the year? 16. Ś Calculate their net income for the year. 17. Ś Calculate their ending balance...
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I need help with 1-4
I
Use the following to answer questions 1 - 4 A company maintains its records using accrual basis accounting; however, their accountant wants to create a statement of cash flows and needs to determine the cash flow from operating activities. For simplicity, we assume only one expense account (salaries). The following is data gathered from their records. Services provided to customers during the period Salaries expense for the period Accounts receivable (beginning balance) Accounts receivable...
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I need help with 1 through 10
Use the following information to answer questions 1 - 10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity (Operating, Investing or Financing). When answering the question, input ONLY the first letter, for example: if the answer was Liability input Las the answer. + Item Type of Account A, L, SE, D, R or E Type of Activity 0,1,F Borrowed from...
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I need help with 28-31
Use the following to answer questions 28 - 35 TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 500,000 Cash Accounts receivable Supplies Prepaid expenses | Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense...
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...
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 L. Rent expense J. 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....
ik this is a long but i wouldnt be posting this if i didnt
absolutely need help with this. thank you to whoever helps
CARLA VISTA CO. Trial Balance June 30, 2022 Debit Credit $4,390 $4,490 2,450 4,300 4,806 2,850 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities Expense 10,300 800 4.780 3,460 980 $19,330 $24,276 Each of the listed accounts has a normal balance per the general...
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....
I need help with 15 - 19
Use the following to answer questions 15 - 19 TM, Inc., had the following account balances at the end of December: Accounts Dividends Supplies Accounts payable Common stock Cash Utilities expense Salaries expense Service revenue Beginning Retained earnings Equipment Balances $150,000 5,000 30,000 400,000 60,000 6,000 345,000 520,000 145,000 15. $ _What were total expenses for the year? 16. Ś Calculate their net income for the year. 17. Ś Calculate their ending balance...
I need help with 1-4
I
Use the following to answer questions 1 - 4 A company maintains its records using accrual basis accounting; however, their accountant wants to create a statement of cash flows and needs to determine the cash flow from operating activities. For simplicity, we assume only one expense account (salaries). The following is data gathered from their records. Services provided to customers during the period Salaries expense for the period Accounts receivable (beginning balance) Accounts receivable...
I need help with 1 through 10
Use the following information to answer questions 1 - 10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity (Operating, Investing or Financing). When answering the question, input ONLY the first letter, for example: if the answer was Liability input Las the answer. + Item Type of Account A, L, SE, D, R or E Type of Activity 0,1,F Borrowed from...
I need help with 28-31
Use the following to answer questions 28 - 35 TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 500,000 Cash Accounts receivable Supplies Prepaid expenses | Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense...