How do I fill out an T-Account? I know something like left is debit and right is credit.
Homework Answers
| Supplies Account | |||||||
| 8-Mar | 1400 | 27-Mar | 1000 | ||||
| 17-Mar | 500 | ||||||
| Balance | 900 | ||||||
| Note Payable | |||||||
| 20-Mar | 1200 | 5-Mar | 11000 | ||||
| 31-Mar | 3800 | ||||||
| balance | 6000 | ||||||
| Note: In supplies account, the total of debit is 1900 and credit total is 1000. | |||||||
| Therefore, net balance in supplies account is $ 900 Debit | |||||||
| Note: In Note payable, Total of credit is $11000 and debit total is 5000. | |||||||
| Therefore, net balance in Note Payable is $ 6000 credit. | |||||||
Add Answer to:
How do I fill out an T-Account? I know something like left is
debit and right...
Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate...
Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate side of each T-account) Supplies 132 Note payable 221 1,9003/5 11,000 3,500 3/8 1,300 3/27 600 3/20 3/31 Bal 800 Bal 5,600
Activity 4.a - Using T-accounts to Analyze Adjustments Fill in the t-accounts for each situation and...
Activity 4.a - Using T-accounts to Analyze Adjustments
Fill in the t-accounts for each situation and label each
transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use
Unadj. Bal. as the label for the opening balance of each account.
Calculate the adjusted balance and use a Bal. posting reference to
show the ending balance of each account. Enter each transaction on
the first available line in the T-Account.
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual,...
Silbert Sullivan Optical Dispensary completed the following transactions during the latter part of March: Mar. 15...
Silbert Sullivan Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, $3,800 28 Paid $1,200 on account Read the requirements. Requirement 1. Journalize the transactions of Gilbert Sullivan Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the Journal entry table.) Mar. 15. Purchased office supplies on account, $3,800 Date Accounts and Explanation Debit Credit Mar. 15...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $4,300. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,700. Adjustment Type: AccrualDeferrals/Prepaids Depreciation Expense - Equipment Nov. 1Nov. 15Dec. 1Dec. 31 Nov. 1Nov. 15Dec. 1Dec. 31 Nov. 1Nov. 15Dec. 1Dec. 31 Nov. 1Nov. 15Dec. 1Dec....
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal"...
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck Prepaid Insurance Retained Earnings...
I don't know what I have left out, maybe my numbers are wrong but I have...
I don't know what I have left
out, maybe my numbers are wrong but I have not a clue what I did
wrong. Can someone help me understand what is wrong and help?
The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,340 from a local bank on a note due in six months. b. Received $5,030 cash from investors and issued common stock to them. c. Purchased $1,400 in equipment, paying $400 cash...
Consider the recorded transactions belovw Debit Credit 1. Accounts Receivable Service Revenue 8,600 8,600 2. Supplies...
Consider the recorded transactions belovw Debit Credit 1. Accounts Receivable Service Revenue 8,600 8,600 2. Supplies 1.700 Accounts Payable 1,700 3. Cash 9.000 Accounts Receivable 9,000 4 Advertising Expense 1,200 Cash 1,200 5. Accounts Payable Cash 2,500 2,500 6. Cash 1,000 Deferred Revenue 1,000 Required Post each transaction to T-accounts and calculate the ending balance for each account. The beginning balance of each account before the transactions is: Cash, $2,200; Accounts Receivable, $3,000; Supplies, $280; Accounts Payable, $2,300; Deferred Revenue,...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
Using the following information, I need help posting the closing entries to the T-accounts (using "clos."...
Using the following information, I need help posting the closing
entries to the T-accounts (using "clos." and the correspondjng
number as shown in the journal entry as posting references) as well
as preparing a post-closing trial balance.
L16750 70 39,60 E 39,6 Less: (360) Acum, Depri. Truck (361) Total Plant assets 39, 400 E R _362) Total Assets Liabilities (363) Current liabilities (384) salaries pagable (365) Uncned revenue (386) total liabilities Stockholders' Equity (367) Commons to 25100 (368) Rtained earnings...
Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate side of each T-account) Supplies 132 Note payable 221 1,9003/5 11,000 3,500 3/8 1,300 3/27 600 3/20 3/31 Bal 800 Bal 5,600
Activity 4.a - Using T-accounts to Analyze Adjustments
Fill in the t-accounts for each situation and label each
transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use
Unadj. Bal. as the label for the opening balance of each account.
Calculate the adjusted balance and use a Bal. posting reference to
show the ending balance of each account. Enter each transaction on
the first available line in the T-Account.
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual,...
Silbert Sullivan Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, $3,800 28 Paid $1,200 on account Read the requirements. Requirement 1. Journalize the transactions of Gilbert Sullivan Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits. Select the explanation on the last line of the Journal entry table.) Mar. 15. Purchased office supplies on account, $3,800 Date Accounts and Explanation Debit Credit Mar. 15...
Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck Prepaid Insurance Retained Earnings...
I don't know what I have left
out, maybe my numbers are wrong but I have not a clue what I did
wrong. Can someone help me understand what is wrong and help?
The following are the transactions of Spotlighter, Inc., for the month of January. a. Borrowed $4,340 from a local bank on a note due in six months. b. Received $5,030 cash from investors and issued common stock to them. c. Purchased $1,400 in equipment, paying $400 cash...
Consider the recorded transactions belovw Debit Credit 1. Accounts Receivable Service Revenue 8,600 8,600 2. Supplies 1.700 Accounts Payable 1,700 3. Cash 9.000 Accounts Receivable 9,000 4 Advertising Expense 1,200 Cash 1,200 5. Accounts Payable Cash 2,500 2,500 6. Cash 1,000 Deferred Revenue 1,000 Required Post each transaction to T-accounts and calculate the ending balance for each account. The beginning balance of each account before the transactions is: Cash, $2,200; Accounts Receivable, $3,000; Supplies, $280; Accounts Payable, $2,300; Deferred Revenue,...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
Using the following information, I need help posting the closing
entries to the T-accounts (using "clos." and the correspondjng
number as shown in the journal entry as posting references) as well
as preparing a post-closing trial balance.
L16750 70 39,60 E 39,6 Less: (360) Acum, Depri. Truck (361) Total Plant assets 39, 400 E R _362) Total Assets Liabilities (363) Current liabilities (384) salaries pagable (365) Uncned revenue (386) total liabilities Stockholders' Equity (367) Commons to 25100 (368) Rtained earnings...
Requirements 2 and 3. Prepare T-Accounts for
each account. Insert in each T-account its September 30 balance as
given (example: Cash $2,300). Then, post the October transactions
to the T-accounts. Compute the balance in each account.
Common Stock Bal Bal (a) (b) 8,500 4,3001 Cash 23001 4,3001 6,400 (c) 14001 (th) 50001 (e) 4,400 1,700 3,300 Bal Bal 10809 Accounts Receivable 3,500 (e) Retained Eamings Bal Bal 2,8001 1,400 Bal 21001 Supplies Dividends Service Revenue Equipment 11,500 Bal Rent Expense...
Most questions answered within 3 hours.
-
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 19 minutes ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 1 hour ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 1 hour ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 1 hour ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 1 hour ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 1 hour ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 1 hour ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 1 hour ago -
Write an assembly language 32 bit program that reads in lines of
text by a .txt...
asked 1 hour ago -
what is the density ( in g/L) of hydrogen gas at 29 degrees C and a...
asked 1 hour ago -
5-6. You are considering three investment alternatives for some
spare cash: Old Reliable Corporation stock (A1),...
asked 1 hour ago -
Problem 16-02
Receivables Investment
Medwig Corporation has a DSO of 45 days. The company averages
$7,250...
asked 2 hours ago