Homework Answers
B)Services have been performed. Revenue is to be received.
Revenue and Accounts Receivables will increase by $6,500
Revenue $6,500
Accounts Receivables = $6,500
C)Amount received from customer:
Cash = + 3,250
Accounts Receivables = -3,250
D)Cash = -$900
Rent Expense = $900
Since cash has been paid for rent
Add Answer to:
Notes Payable Common Stock Revenue Rent Expense. Dividends 10000 C) The Company receives half of the...
Than Inc. had the following transactlons, Indicate how much the accounts are Increase (Put the amount...
Than Inc. had the following transactlons, Indicate how much the accounts are Increase (Put the amount of the change in the blank Use a negative(-J sign to show a decrease. Leaw A) The Company performs services for $7,500 cash. How does this affect the following accounts? Cash Supplies Equipment Accounts Receivable B) The Company perf services and the clien pay next week. How c the following account Cash ts ots Supplies Equipment Accounts Receivable pts pts Accounts Payable Notes Payable...
Accounts payable Accounts receivable Accumulated depreciation, equipment Cash Common stock Depreciation expense, equipment Dividends Equipment Insurance...
Accounts payable Accounts receivable Accumulated depreciation, equipment Cash Common stock Depreciation expense, equipment Dividends Equipment Insurance expense Prepaid insurance Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Unearned service revenue Utilities expense Data Table The trial balanoe of Lusch Landscaping, Ina, at June 3D, 2016, and the data nended for the month-end adjustments fallaw EEE (Click the icon to view the trial balance.) Read the requ rements (Cick the icon to view the adjustment data.) Lusch Landscaping....
Account Accounts payable Retained earnings Supplies expense Furniture Utility expense Cash Common stock Notes payable Rent...
Account Accounts payable Retained earnings Supplies expense Furniture Utility expense Cash Common stock Notes payable Rent expense Sales revenue Advertising expense Land Wage expense Dividends Prepaid expense Equipment Accounts receivable Balance $16,000 14,800 27,100 1,900 234.000 18.600 300,200 29,700 26,000 84,000 7,300 12,300 47,000 23,600 18,000 14,200 14,700 Required: Prepare the trial balance for LILI Corporation as of September 30, 20x1 in the order suggested in the text.
Cornhusker Company provides the following information at the end of 2021 Cash remaining Rent expense for...
Cornhusker Company provides the following information at the end of 2021 Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries owed at the end of the year Insurance expense for the year Retained earnings...
#1 Question #1 Chitron Company had the following transactions. Indicate how much the accounts are or...
#1 Question #1 Chitron Company had the following transactions. Indicate how much the accounts are or decreased by each (Put the amount of the change in the blank Use a negative () sign to show a decrease A) The Company performs services for $9,000 cash. How does this affect the following accounts? Cash Supplies Equipment Accounts Receivable B) The Company performs $7,000 c services and the client promises o pay next week. How does this afiect the following accounts? Cash...
Question #1 ts Which of the following is an asset? npts Rent Expense Common Stock Accounts...
Question #1 ts Which of the following is an asset? npts Rent Expense Common Stock Accounts Payable Cash mpts empts tempts Submit Question 0 of 1 Attempts Used! ttempts Attempts Attempts 1 Attempts 1 Attempts 1 Attempts MacBook Ai Question #2 Which of the following represents earnings taken out by the owners? Supplies Expense Notes Payable Dividends Equipment Submit Question 0 of 1 Attempts Used! Question #3 Which of the following represents an amount owed by the company? Revenue Accounts...
Equipment Accounts Payable Unearned Revenue Wages Expense Jarron Company Adjusted Trial Balance December 31, 2018 Cash...
Equipment Accounts Payable Unearned Revenue Wages Expense Jarron Company Adjusted Trial Balance December 31, 2018 Cash 112,000 Accounts Receivable 30,000 Supplies 6,000 Prepaid Insurance 24,000 Inventory 108,000 Vehicle Ponce 25,000 75,000 Accumulated Depreciation Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends 7,000 Repair Expense 10,000 Delivery Expense 45,000 Depreciation Expense 15,000 Rent Expense 52,000 Insurance Expense 6. 22,000 152,000 Supplies Expense 14,500 Interest Expense 2,000 Income Tax Expense 35,000 Total 734,500 40,000 8,000 7,000 12,000 50,000 44,000...
Land $ 4,000 Common Stock $ 27,000 Accounts Payable Notes Payable Property Tax Expense Dividends 17,000...
Land $ 4,000 Common Stock $ 27,000 Accounts Payable Notes Payable Property Tax Expense Dividends 17,000 700 Accounts Receivable 35,000 2,600 36,000 17,000 60,000 800 Rent Expense Advertising Expense Building Cash Equipment Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2017 18,000 156,200 2,400 13,000 2,200 Insurance Expense 192,000 7,000 Interest Expense 6,700 54,000 Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018 Click the icon to view the...
QUESTIONS CHART OF ACCOUNTS 101 Cash 211 Notes Payable 401 Service Revenue 111 Notes Receivable 212...
QUESTIONS CHART OF ACCOUNTS 101 Cash 211 Notes Payable 401 Service Revenue 111 Notes Receivable 212 Accounts Payable 491 Interest Revenue 112 Accounts Receivable 214 Interest Payable 501 Cost of Goods Sold 114 Interest Receivable 216 Wages Payable 511 Depreciation Expense 119 Allow for Doubt Accounts 261 Unearned Revenue 513 Insurance Expense 121 Inventory 281 Bonds Payable 515 Rent Expense 125 Supplies 311 Common Stock 517 Wages Expense 312 In Excess of Par 130 Prepaid Insurance 519 Supplies Expense 132...
On August 1, 2018, the beginning of its current fiscal year, Accounts payable $2,500 Interest receivable...
On August 1, 2018, the beginning of its current fiscal year,
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
(b)
Prepare T accounts, enter any opening balances, post the general
journal entries and calculate end balances. (Post
entries in the order of journal entries presented in the previous
part. If the...
Than Inc. had the following transactlons, Indicate how much the accounts are Increase (Put the amount of the change in the blank Use a negative(-J sign to show a decrease. Leaw A) The Company performs services for $7,500 cash. How does this affect the following accounts? Cash Supplies Equipment Accounts Receivable B) The Company perf services and the clien pay next week. How c the following account Cash ts ots Supplies Equipment Accounts Receivable pts pts Accounts Payable Notes Payable...
Accounts payable Accounts receivable Accumulated depreciation, equipment Cash Common stock Depreciation expense, equipment Dividends Equipment Insurance expense Prepaid insurance Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Unearned service revenue Utilities expense Data Table The trial balanoe of Lusch Landscaping, Ina, at June 3D, 2016, and the data nended for the month-end adjustments fallaw EEE (Click the icon to view the trial balance.) Read the requ rements (Cick the icon to view the adjustment data.) Lusch Landscaping....
Account Accounts payable Retained earnings Supplies expense Furniture Utility expense Cash Common stock Notes payable Rent expense Sales revenue Advertising expense Land Wage expense Dividends Prepaid expense Equipment Accounts receivable Balance $16,000 14,800 27,100 1,900 234.000 18.600 300,200 29,700 26,000 84,000 7,300 12,300 47,000 23,600 18,000 14,200 14,700 Required: Prepare the trial balance for LILI Corporation as of September 30, 20x1 in the order suggested in the text.
Cornhusker Company provides the following information at the end of 2021 Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2021 Salaries owed at the end of the year Insurance expense for the year Retained earnings...
#1 Question #1 Chitron Company had the following transactions. Indicate how much the accounts are or decreased by each (Put the amount of the change in the blank Use a negative () sign to show a decrease A) The Company performs services for $9,000 cash. How does this affect the following accounts? Cash Supplies Equipment Accounts Receivable B) The Company performs $7,000 c services and the client promises o pay next week. How does this afiect the following accounts? Cash...
Question #1 ts Which of the following is an asset? npts Rent Expense Common Stock Accounts Payable Cash mpts empts tempts Submit Question 0 of 1 Attempts Used! ttempts Attempts Attempts 1 Attempts 1 Attempts 1 Attempts MacBook Ai Question #2 Which of the following represents earnings taken out by the owners? Supplies Expense Notes Payable Dividends Equipment Submit Question 0 of 1 Attempts Used! Question #3 Which of the following represents an amount owed by the company? Revenue Accounts...
Equipment Accounts Payable Unearned Revenue Wages Expense Jarron Company Adjusted Trial Balance December 31, 2018 Cash 112,000 Accounts Receivable 30,000 Supplies 6,000 Prepaid Insurance 24,000 Inventory 108,000 Vehicle Ponce 25,000 75,000 Accumulated Depreciation Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends 7,000 Repair Expense 10,000 Delivery Expense 45,000 Depreciation Expense 15,000 Rent Expense 52,000 Insurance Expense 6. 22,000 152,000 Supplies Expense 14,500 Interest Expense 2,000 Income Tax Expense 35,000 Total 734,500 40,000 8,000 7,000 12,000 50,000 44,000...
Land $ 4,000 Common Stock $ 27,000 Accounts Payable Notes Payable Property Tax Expense Dividends 17,000 700 Accounts Receivable 35,000 2,600 36,000 17,000 60,000 800 Rent Expense Advertising Expense Building Cash Equipment Salaries Expense Salaries Payable Service Revenue Office Supplies Retained Earnings, Dec. 31, 2017 18,000 156,200 2,400 13,000 2,200 Insurance Expense 192,000 7,000 Interest Expense 6,700 54,000 Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018 Click the icon to view the...
QUESTIONS CHART OF ACCOUNTS 101 Cash 211 Notes Payable 401 Service Revenue 111 Notes Receivable 212 Accounts Payable 491 Interest Revenue 112 Accounts Receivable 214 Interest Payable 501 Cost of Goods Sold 114 Interest Receivable 216 Wages Payable 511 Depreciation Expense 119 Allow for Doubt Accounts 261 Unearned Revenue 513 Insurance Expense 121 Inventory 281 Bonds Payable 515 Rent Expense 125 Supplies 311 Common Stock 517 Wages Expense 312 In Excess of Par 130 Prepaid Insurance 519 Supplies Expense 132...
On August 1, 2018, the beginning of its current fiscal year,
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
(b)
Prepare T accounts, enter any opening balances, post the general
journal entries and calculate end balances. (Post
entries in the order of journal entries presented in the previous
part. If the...
Most questions answered within 3 hours.
-
________ unemployment changes slowly and depends on
________.
Select one:
a. Frictional; the rate at which...
asked 6 minutes ago -
These surveys collect information in low- and
middle-income countries regarding the total fertility rate and the...
asked 24 minutes ago -
I need to determine the concentration of hydrogen peroxide in a
solution using titrimetric analysis
25...
asked 33 minutes ago -
Your are the Vice-President of operations for a New Orleans food
chain. In the aftermath of...
asked 38 minutes ago -
Create a flowchart and a program; test the program. Program
Requirements.
- There are 10 members...
asked 38 minutes ago -
Which of the following is not a sensory receptor?
a. a hair cell
b. a rod
c. a...
asked 40 minutes ago -
Does the launch speed depend significantly upon the launching
angle? Is it reasonable?
asked 1 hour ago -
A disc of moment of inertia 3.00 kgm2 is rotating with angular
velocity 2.00 rad/s about...
asked 56 minutes ago -
Hi, can somone help me with this question?
Omega Company reported the following information for the...
asked 1 hour ago -
WHY SOME PEOPLE DECIDE TO STAY IN THEIR HOMES WHEN AN EXTREME
WEATHER EVENT SURROUNDS THEM.
asked 59 minutes ago -
Which of the following is a financial intermediary?
a mutual fund
the stock market
a U.S....
asked 1 hour ago -
Completely and thoroughly explain how control charts could be
used by a company that makes eyeglass...
asked 1 hour ago