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Learning Objective 4 E2-22 Preparing a trial balance The accounts...
E2-22 (similar to) 3 Question Help The accounts of Arlington Moving Company follow with their normal...
E2-22 (similar to) 3 Question Help The accounts of Arlington Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Arlington's trial balance as of August 31, 2018. Balance Account Title Debit Credit © Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue Building Advertising Expense Salaries Expense Cash 42,500 600 4,200 82,000 42,000 200 6,000 4,000 Trucks Fuel...
Please explain your answer. Thank you. Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography...
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Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: b. Ending Retained Earnings $48,000 Insurance Expense $ 13,000 14,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 6,000 Accounts Receivable 42,000 Notes Payable 11,000 Retained Earnings, Dec. 31, 2018 4,000 Salaries Expense 75,000 Equipment 8,000...
7. The accounts of Anderson Moving Company follow with their normal balances as of August 31,...
7. The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Anderson's trial balance as of August 31, 2018. Anderson Moving Company Trial Balance August 31, 2018 Balance Debit Credit Account Title 1: Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue 49,800 600 4,000 82,000 41,000 200 6,000 4,000 Trucks Fuel Expense Dividends Utilities...
E4-19 Preparing a worksheet Learning Objective 2 The unadjusted trial balance of Data Solution at November...
E4-19 Preparing a worksheet Learning Objective 2 The unadjusted trial balance of Data Solution at November 30, 2018, follows DATA SOLUTION Unadjusted Trial Balance November 30, 2018 Balance Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Debit Credit $ 4,400 3,100 1,800 3,100 30,200 5 1,500 5,100
Please explain your answer. Thank you. > Problems Group A Learning Objectives 1, 3, 4 P4-29A...
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> Problems Group A Learning Objectives 1, 3, 4 P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing a post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 30, 2018, follows: 1. Net Loss $(9,500) ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018 $ Balance Debit Credit 4,600 5,300 1,500 1,700 13,000 82,000 $ 25,200 18,700 Account...
Please explain your answer. Thank you. Learning Objectives 1, 3, 6 P4-30A Preparing financial statements including...
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Learning Objectives 1, 3, 6 P4-30A Preparing financial statements including a classified balance sheet in report form, preparing closing entries, and using the current ratio to evaluate a company The adjusted trial balance of Boston Irrigation System at December 31, 2018, follows: 2. Ending Retained Earnings $68,200 BOSTON IRRIGATION SYSTEM Adjusted Trial Balance December 31, 2018 Balance Debit Credit $ 11,800 46,000 29,500 6,300 63,000 $ 25,000 28,000 Account Title Cash Accounts Receivable Office...
Learning S2-8 Preparing a trial balance Smithson Floor Coverings reported the following summarized data at December...
Learning S2-8 Preparing a trial balance Smithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particular order, and all have normal balances. Service Revenue Equipment Rent Expense Smithson, Capital Accounts Payable Smithson, Withdrawals $ 26,000 Salaries Payable 36,000 Salaries Expense 17,000 Cash 24,000 Accounts Receivable 2,200 Interest Payable 16,100 Utilities Expense $ 25,000 1,600 7,000 3,600 6,000 1,900 Prepare the trial balance of Smithson Floor Coverings at December 31, 2018.
Please explain your answer. Thank you! Learning Objectives 3, 4 P3-35A Journalizing and posting adjustments to...
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Learning Objectives 3, 4 P3-35A Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. 3. Adjusted trial balance total $75,600 ANNISTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2018 Account Title Cash Balance Debit Credit $ 7,600 19,700 2,900 1,800 22,000 $ 3,900 2,900 Accounts Receivable Prepaid Rent...
Exercise 3-7 Preparing financial statements LO P3 The following is the adjusted trial balance of Wilson...
Exercise 3-7 Preparing financial statements LO P3 The following is the adjusted trial balance of Wilson Trucking Company. Account Title Debit Credit Cash $ 8,000 Accounts receivable 17,500 Office supplies 3,000 Trucks 172,000 Accumulated depreciation—Trucks $ 36,000 Land 85,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 53,000 Common stock 20,000 Retained earnings 155,000 Dividends 20,000 Trucking fees earned 130,000 Depreciation expense—Trucks 23,500 Salaries expense 61,000 Office supplies expense 8,000 Repairs expense—Trucks 12,000 Totals $ 410,000 $ 410,000 ...
Please explain your answer. Thank you. Learning Objectives 3, 4 P2-35B Journalizing transactions, posting journal entries...
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Learning Objectives 3, 4 P2-35B Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Victor Yang practices medicine under the business title Victor Yang, M.D. During March, the medical practice completed the following transactions: 2. Cash Balance $69,680 Mar. 1. 5 9 10 19 22 Yang contributed $62,000 cash to the business in exchange for common stock. Paid monthly rent on medical equipment, $570. Paid $14,000 cash to purchase land to...
E2-22 (similar to) 3 Question Help The accounts of Arlington Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Arlington's trial balance as of August 31, 2018. Balance Account Title Debit Credit © Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue Building Advertising Expense Salaries Expense Cash 42,500 600 4,200 82,000 42,000 200 6,000 4,000 Trucks Fuel...
Please explain your answer. Thank you.
Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: b. Ending Retained Earnings $48,000 Insurance Expense $ 13,000 14,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 6,000 Accounts Receivable 42,000 Notes Payable 11,000 Retained Earnings, Dec. 31, 2018 4,000 Salaries Expense 75,000 Equipment 8,000...
7. The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Anderson's trial balance as of August 31, 2018. Anderson Moving Company Trial Balance August 31, 2018 Balance Debit Credit Account Title 1: Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue 49,800 600 4,000 82,000 41,000 200 6,000 4,000 Trucks Fuel Expense Dividends Utilities...
E4-19 Preparing a worksheet Learning Objective 2 The unadjusted trial balance of Data Solution at November 30, 2018, follows DATA SOLUTION Unadjusted Trial Balance November 30, 2018 Balance Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Debit Credit $ 4,400 3,100 1,800 3,100 30,200 5 1,500 5,100
Please explain your answer. Thank you.
> Problems Group A Learning Objectives 1, 3, 4 P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing a post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 30, 2018, follows: 1. Net Loss $(9,500) ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018 $ Balance Debit Credit 4,600 5,300 1,500 1,700 13,000 82,000 $ 25,200 18,700 Account...
Please explain your answer. Thank you.
Learning Objectives 1, 3, 6 P4-30A Preparing financial statements including a classified balance sheet in report form, preparing closing entries, and using the current ratio to evaluate a company The adjusted trial balance of Boston Irrigation System at December 31, 2018, follows: 2. Ending Retained Earnings $68,200 BOSTON IRRIGATION SYSTEM Adjusted Trial Balance December 31, 2018 Balance Debit Credit $ 11,800 46,000 29,500 6,300 63,000 $ 25,000 28,000 Account Title Cash Accounts Receivable Office...
Learning S2-8 Preparing a trial balance Smithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particular order, and all have normal balances. Service Revenue Equipment Rent Expense Smithson, Capital Accounts Payable Smithson, Withdrawals $ 26,000 Salaries Payable 36,000 Salaries Expense 17,000 Cash 24,000 Accounts Receivable 2,200 Interest Payable 16,100 Utilities Expense $ 25,000 1,600 7,000 3,600 6,000 1,900 Prepare the trial balance of Smithson Floor Coverings at December 31, 2018.
Please explain your answer. Thank you!
Learning Objectives 3, 4 P3-35A Journalizing and posting adjustments to the T-accounts and preparing an adjusted trial balance The unadjusted trial balance of Anniston Air Purification System at December 31, 2018, and the data needed for the adjustments follow. 3. Adjusted trial balance total $75,600 ANNISTON AIR PURIFICATION SYSTEM Unadjusted Trial Balance December 31, 2018 Account Title Cash Balance Debit Credit $ 7,600 19,700 2,900 1,800 22,000 $ 3,900 2,900 Accounts Receivable Prepaid Rent...
Please explain your answer. Thank you.
Learning Objectives 3, 4 P2-35B Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Victor Yang practices medicine under the business title Victor Yang, M.D. During March, the medical practice completed the following transactions: 2. Cash Balance $69,680 Mar. 1. 5 9 10 19 22 Yang contributed $62,000 cash to the business in exchange for common stock. Paid monthly rent on medical equipment, $570. Paid $14,000 cash to purchase land to...
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