Unadjusted Trial Balance | ||
Account Titles | Debit | Credit |
Cash | $ 5,025 | |
Accounts Receivable | $ - | |
Supplies | $ 75 | |
Accounts Payable | $ 75 | |
Wages Payable | $ - | |
G. Spencer, Capital | $ 3,000 | |
G. Spencer, Drawings | $ 800 | |
Service Revenue | $ 3,250 | |
Rent Expense | $ 225 | |
Wages Expense | $ 200 | |
Supplies expense | $ - | |
Totals | $ 6,325 | $ 6,325 |
Data for adjustments not provided
how to fill out the unadjusted trial balance|Adjustments| Adjusted Trial balance| income statement| balance sheet| Credit...
create general journal and ledger
Practice Set: Gloria Spencer owns a company called Gloria's Cleaning Service, which specializes in cleaning homes. You have been hired by Gloria as her bookkeeper. After talking to Gloria, you prepare her chart of accounts: Gloria's Cleaning Service Chart of Accounts Account # Account Name 101 Cash 102 Accounts Receivable 103 Supplies 201 Accounts Payable 202 Wages Payable 301 G. Spencer, Capital 302 G. Spencer, Drawing 401 Service Revenue 501 Rent Expense 502 Wages Expense...
This trial balance of Sheridan Company does not balance. SHERIDAN COMPANY Trial Balance June 30, 2022 Debit Credit Cash $5,340 Accounts Receivable $5,440 Supplies 2,050 Equipment 5,250 Accounts Payable 5,857 Unearned Service Revenue 2,450 Common Stock 11,250 Dividends 800 Service Revenue 5,730 Salaries and Wages Expense 3,420 Utilities Expense 1,000 $20,410 $28,177 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from...
Need help setting up Adjusted balance, Unadjusted balance,
trial balance, Income statement, balance sheet, retained earnings,
and closing entries.
Guadalupe Rios demonstrated entrepreneurial spirit by starting a graphic design business called G's Designs. Based on an excellent business plan, Guadalupe was able to raise sufficient capital to begin operations on 1 July 2019. Guadalupe must now close the books at 31 December and prepare financial statements, 4 6 8 Item Adjusting entries needed 1 The balance in the Prepaid Insurance...
nistria Dalance or wionorse Locoes not avance WILDHORSE CO. Trial Balance June 30, 2022 Debit Credit Cash $ 4.890 Accounts Receivable $4.990 Supplies 2,450 4,800 Equipment Accounts Payable 5,407 Unearned Service Revenue 2,850 Common Stock 10,800 Dividends 800 Service Revenue 5.280 Salaries and Wages Expense 3,560 Utilities Expense 930 $20,380 $26,377 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from a...
The following trial balance of Splish Co. does not balance. SPLISH CO. TRIAL BALANCE JUNE 30, 2020 Debit Credit Cash $3,339 Accounts Receivable $2,782 Supplies 1,269 Equipment 4,269 Accounts Payable 3,135 Unearned Service Revenue 1,669 Common Stock 6,469 Retained Earnings 3,469 Service Revenue 2,849 Salaries and Wages Expense 3,869 Office Expense 1,409 Totals $15,267 $19,261 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors....
The following trial balance of Blue Co. does not balance. Credit $3,307 BLUE CO. TRIAL BALANCE JUNE 30, 2020 Debit Cash Accounts Receivable $2,844 Supplies 1,237 Equipment 4,237 Accounts Payable Unearned Service Revenue 1,637 Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 3,837 Office Expense 1,377 Totals $15,169 3,103 6,437 3,437 2,817 $19,101 Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors....
Exercise 4-7 Swifty Company had the following adjusted trial balance. Swifty Company Adjusted Trial Balance For the Month Ended June 30, 2019 Adjusted Trial Balance Account Titles Debit Credit Cash $3,790 Accounts Receivable 3,760 Supplies 460 Accounts Payable $1,700 Unearned Service 180 Revenue Common Stock 1,990 Retained Earnings 2,500 Dividends Service Revenue 5,300 Salaries and Wages 1,300 Expense Miscellaneous Expense 360 Supplies Expense 1,900 Salaries and Wages 700 Payable 800 $12,370 $12,370 Prepare closing entries at June 30, 2019. (Credit...
1. Journalize and post the closing entries
TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET ACCOUNT TITLES DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Debit CREDIT Debit CREDIT Cash 4317 4317 4317 Accounts Recelvable Merchandise Inventory Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable 3165 3165 3165 2376 2276 100 2276 405 405 405 7000 7000 7000 84 2084 2000 2084 850 2100 850 850 Wages Payable Note Payable Capital Drawing Sales Sales Returns Sales Discounts Cost of Merchandise Sold 2100...
WINTER CO. Trial Balance June 30, 2021 Debit Credit Cash $2,921 Accounts receivable 1.913 Supplies 498 Equipment $7,875 Accounts payable 2,787 Unearned revenue 1,850 F. Winter, capital 11,134 F. Winter, drawings 785 Service revenue 3,490 Office expense 1,013 Salaries expense 2.994 $11,974 $25,286 Your review of the ledger reveals that each account has a normal balance. You also discover the following errors: 1. Cash received from a customer on account was debited to Cash for $740 and Accounts Receivable was...
Concord Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,670 Accounts Receivable 3,780 Supplies 520 Accounts Payable $1,500 Unearned Service Revenue 140 Common Stock 3,340 Retained Earnings 2,000 Dividends 800 Service Revenue 5,100 Salaries and Wages Expense 1,300 Miscellaneous Expense 310 Supplies Expense 2,200 Salaries and Wages Payable 500 $12,580 $12,580 Prepare a post-closing trial balance, Concord Company Post-Closing Trial Balance For the Month Ended June 30, 2022 Debit...