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Selected balance sheet Information for the Wolf Company at November 30, and December 31, 2021, is...
Selected balance sheet information for the Wolf Company at November 30, and December 31, 2021, is...
Selected balance sheet information for the Wolf Company at November 30, and December 31, 2021, is presented below. The company uses the perpetual inventory system and all sales to customers are made on credit. Accounts receivable Prepaid insurance Inventory Accounts payable Salaries payable Nov. 30 Debits Credits 10,200 5,200 7,200 12,200 5,200 Dec. 31 Debits Credits 3,200 7,700 6,200 15,200 3,200 The following cash flow information also is available: a. Cash collected from credit customers, $82,000. b. Cash paid for...
December 31. The unadjusted trial balance as of December 31, 2021, appears below. Credits Debits 31,600...
December 31. The unadjusted trial balance as of December 31, 2021, appears below. Credits Debits 31,600 41,000 2,000 61,000 21,000 2,400 6,500 84,000 31,500 32,000 51,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance...
The adjusted trial balance for Campbell Pepsi Amazon (CPA) Company at December 31, 2021, is presented...
The adjusted trial balance for Campbell Pepsi Amazon (CPA) Company at December 31, 2021, is presented below: Credit Debit 11,000 155,000 5,500 30,000 350,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable due in three months salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 130,000 35,000 35,000 4,500 12,000 225,000 61,000 10,500 450,000 205,000 125,000 20,000...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 5,100 Accounts receivable 2,100 Inventory 5,100 Equipment 11,100 Accumulated depreciation 3,600 Accounts payable 3,100 Common stock 9,000 Retained earnings 7,700 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Totals 23,400 23,400 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $3,600. The cost of the...
The adjusted trial balance for Campbell Pepsi Amazon (CPA) Company at December 31, 2021, is presented...
The adjusted trial balance for Campbell Pepsi Amazon (CPA) Company at December 31, 2021, is presented below: Credit Debit 11,700 162,000 6,200 37,000 420,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 137,000 42,000 42,000 5,200 16,200 260,000 76,400 14,000 520,000 240,000 132,000 27,000 42,000...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: 5...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: 5 Credit Debit 11,000 155,000 5,500 30,000 350,000 2:04:19 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation-equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 130,000 35,000 35,000 4,50 12,000 225,000 61,000 10,500 450,000 205,000 125,000 20,000 35,000 2,500...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75,700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides serv Ices to customers for cash, $27,500. (Hint: 31 Record the...
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31...
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November 30 December 31 Credit Supplies Prepaid Insurance Salaries Payable Deferred Revenue Debit Credit Debit 1,200 2,700 4.800 3,600 9,400 1.400 14,400 700 The following information also is known: a. Purchases of supplies in December total $2,900. b. No insurance payments are made in December. c. $9.400 is paid to employees during December for November salaries....
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 68,500 250,000 5,000 35,000 450,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense. Advertising expense Totals 190,000 40,000 15,000 6,000 500 400,000 70,000 600,eee 360,000 90,000 15,000 45,000 1,000...
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31...
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November 30 December 31 Debit Credit Debit Credit 1,700 Supplies Prepaid Insurance Salaries Payable Deferred Revenue 3,200 5,100 6,800 10,400 2,400 15,400 1,200 The following information also is known: a. Purchases of supplies in December total $3,900. b. No insurance payments are made in December c. $10,400 is paid to employees during December for November salaries....
Selected balance sheet information for the Wolf Company at November 30, and December 31, 2021, is presented below. The company uses the perpetual inventory system and all sales to customers are made on credit. Accounts receivable Prepaid insurance Inventory Accounts payable Salaries payable Nov. 30 Debits Credits 10,200 5,200 7,200 12,200 5,200 Dec. 31 Debits Credits 3,200 7,700 6,200 15,200 3,200 The following cash flow information also is available: a. Cash collected from credit customers, $82,000. b. Cash paid for...
December 31. The unadjusted trial balance as of December 31, 2021, appears below. Credits Debits 31,600 41,000 2,000 61,000 21,000 2,400 6,500 84,000 31,500 32,000 51,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance...
The adjusted trial balance for Campbell Pepsi Amazon (CPA) Company at December 31, 2021, is presented below: Credit Debit 11,000 155,000 5,500 30,000 350,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable due in three months salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 130,000 35,000 35,000 4,500 12,000 225,000 61,000 10,500 450,000 205,000 125,000 20,000...
The adjusted trial balance for Campbell Pepsi Amazon (CPA) Company at December 31, 2021, is presented below: Credit Debit 11,700 162,000 6,200 37,000 420,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 137,000 42,000 42,000 5,200 16,200 260,000 76,400 14,000 520,000 240,000 132,000 27,000 42,000...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: 5 Credit Debit 11,000 155,000 5,500 30,000 350,000 2:04:19 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation-equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 130,000 35,000 35,000 4,50 12,000 225,000 61,000 10,500 450,000 205,000 125,000 20,000 35,000 2,500...
THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75,700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides serv Ices to customers for cash, $27,500. (Hint: 31 Record the...
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November 30 December 31 Credit Supplies Prepaid Insurance Salaries Payable Deferred Revenue Debit Credit Debit 1,200 2,700 4.800 3,600 9,400 1.400 14,400 700 The following information also is known: a. Purchases of supplies in December total $2,900. b. No insurance payments are made in December. c. $9.400 is paid to employees during December for November salaries....
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 68,500 250,000 5,000 35,000 450,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense. Advertising expense Totals 190,000 40,000 15,000 6,000 500 400,000 70,000 600,eee 360,000 90,000 15,000 45,000 1,000...
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November 30 December 31 Debit Credit Debit Credit 1,700 Supplies Prepaid Insurance Salaries Payable Deferred Revenue 3,200 5,100 6,800 10,400 2,400 15,400 1,200 The following information also is known: a. Purchases of supplies in December total $3,900. b. No insurance payments are made in December c. $10,400 is paid to employees during December for November salaries....
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