Problem 2-6 (Algo) Accounting cycle [LO2-3, 2-4,2-5, 2-6, 2-7, 2-8] The general ledger of the Karlin...
Problem 2-6 (Algo) Accounting cycle [LO2-3, 2-4,2-5, 2-6, 2-7, 2-8] The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following a Credits Debits 30,800 14,500 24, eee Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 7,200 8,250 45,500 8,352 69.303 69. 309 The following is a summary of the transactions for the year: a. Service revenue, $120,000, of which $36,000 was on account and the balance...
Problem 2-6 (Algo) Accounting cycle [LO2-3, 2-4, 2-5, 2-6, 2-7, 2-8] The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Debits Credits Cash 29,900 Accounts receivable 16,000 Equipment 27,000 Accumulated depreciation 8,100 Salaries payable 9,000 Common stock 47,000 Retained earnings 8,800 Total 72,900 72,900 The following is a summary of the transactions for the year: Service revenue, $126,000, of which $37,800 was on account and the balance...
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,200 15,500 26,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Tota 7,800 8,750 46,500 8,650 71,700 71,700 The following is a summary of the transactions for the year: a. Service revenue, $124,000, of which $37,200 was on account and the balance was received in cash. b. Collected on accounts receivable, $25,300. c.Issued...
Problem 2-6 (Algo) Accounting cycle [LO2-3, 2-4, 2-5, 2-6, 2-7, 2-8] The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Debits Credits Cash 28,100 Accounts receivable 19,000 Equipment 33,000 Accumulated depreciation 9,900 Salaries payable 10,500 Common stock 50,000 Retained earnings 9,700 Total 80,100 80,100 The following is a summary of the transactions for the year: Service revenue, $138,000, of which $41,400 was on account and the balance...
Please help!! Accounting Help!! The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,000 15,000 20,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 6,000 9,000 40,500 9,500 65,000 65,000 The following is a summary of the transactions for the year: a. Service revenue, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on...
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,200 15,500 26,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Comon stock Retained earnings Total 44 7,800 8,750 46,500 8,650 71,700 71,700 The following is a summary of the transactions for the year: a. Service revenue, $124,000, of which $37.200 was on account and the balance was received in cash. b. Collected on accounts receivable, $25,300....
The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits Credits 33,500 10,000 15,000 4,500 6,000 41,000 7,000 58,500 58,500 The following is a summary of the transactions for the year: a. Service revenue, $102,000, of which $30,600 was on account and the balance was received in cash. b. Collected on accounts receivable, $22,000. c....
I'm not sure what goes in the Retained Earnings under the T-account. I'd tried crediting 32000 for the closing entry and it is still wrong. Then I am also not sure what goes in the entry under 2500 debit. The unadjusted trial balance for the salaries payable I put in 0 and was wrong; same when I left it blank. The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits...
P 2–6 Accounting cycle LO2-2 @ through LO2-70 The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances: Account Title Debits Credits Cash 30,000 Accounts receivable 15,000 Equipment 20,000 Accumulated depreciation 6,000 Salaries payable 9,000 Common stock 40,500 Retained earnings 9,500 Total 65,000 65,000 The following is a summary of the transactions for the year: Page 101 a. Sales of services, $100,000, of which $30,000 was on credit. b. Collected on...
**I have everything correct but the system says I am missing something. What component am I missing? The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Debits Credits Cash 28,100 Accounts receivable 19,000 Equipment 33,000 Accumulated depreciation 9,900 Salaries payable 10,500 Common stock 50,000 Retained earnings 9,700 Total 80,100 80,100 The following is a summary of the transactions for the year: Service revenue, $138,000, of which $41,400...