What would be the ending balance (the red boxes)?
Homework Answers
| Cash | |||
| Bal. | $7,300 | 1 | $1,050 |
| 4 | 12,700 | 3 | 1,620 |
| 6 | 6,410 | 5 | 12,180 |
| 7 | 2,000 | ||
| 8 | 2,670 | ||
| Bal. | $6,890 | ||
| Accounts Receivable | |||
| Bal. | $15,800 | 4 | $12,700 |
| 6 | 9,060 | ||
| Bal. | $12,160 | ||
| Supplies | |||
| Bal. | $13,100 | ||
| 2 | 4,240 | ||
| Bal. | $17,340 | ||
| Accounts Payable | |||
| 5 | $12,180 | Bal. | $17,000 |
| 2 | 4,240 | ||
| Bal. | $9,060 | ||
| Dividends | |||
| 8 | $2,670 | ||
| Bal. | $2,670 | ||
| Service Revenue | |||
| 6 | $15,470 | ||
| Bal. | $15,470 | ||
| Advertising Expense | |||
| 1 | $1,050 | ||
| Bal. | $1,050 | ||
| Miscellaneous Expense | |||
| 3 | $1,620 | ||
| Bal. | $1,620 | ||
| Salaries and Wages Expense | |||
| 7 | $2,000 | ||
| Bal. | $2,000 | ||
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What would be the ending balance (the red boxes)?
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tom zopf owns and manages a computer repair service, which had the following trial balance on...
tom zopf owns and manages a computer repair service, which had
the following trial balance on december 31, 2018 (the end of its
fiscal year).
a) open t-accounts for each of the accounts listed in the
trial balance, and enter the opening balances for 2019.
b)
prepare journal entries to record each of the january
transactions
c) post the journal entries to the accounts in the
ledger
d) prepare a trial balance as of january 31, 2019
this is what...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Tablette Repair Service, Inc. Trial balance December 31, 2019 Debit Cash $ 8,000 Accounts Receivable 15,000 Supplies 11,000 Prepaid Rent 3,000 Equipment 21,000 Accounts Payable Common Stock Retained Earnings $58,000 $17,000 30,000 11,000 $58,000 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in...
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Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Tablette Repair Service, Inc. Trial balance December 31, 2019 Debit Cash $ 8,000 Accounts Receivable 15,000 Supplies 11,000 Prepaid Rent 3,000 Equipment 21,000 Accounts Payable Common Stock Retained Earnings $58,000 $17,000 30,000 11,000 $58,000 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in...
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Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Credit Pharoah Company Trial balance December 31, 2018 Debit Cash $7,000 Accounts Receivable 15,300 Supplies 13,200 Prepaid Rent 1,000 Equipment 19,200 Accounts Payable Common Stock Retained Earnings $55,700 $12,900 31,000 11,800 $55,700 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,110. Additional supplies acquired on account $3,700. 2. 3....
Problem 2-3A Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Credit Pharoah Company Trial balance December 31, 2018 Debit Cash $ 7,000 Accounts Receivable 15,300 Supplies 13,200 Prepaid Rent 1,000 Equipment 19,200 Accounts Payable Common Stock Retained Earnings $55,700 $12,900 31,000 11,800 $55,700 Summarized transactions for January 2019 were as follows. 1. 2. 3. 4. Advertising costs, paid in cash, $1,110. Additional supplies...
tom zopf owns and manages a computer repair service, which had
the following trial balance on december 31, 2018 (the end of its
fiscal year).
a) open t-accounts for each of the accounts listed in the
trial balance, and enter the opening balances for 2019.
b)
prepare journal entries to record each of the january
transactions
c) post the journal entries to the accounts in the
ledger
d) prepare a trial balance as of january 31, 2019
this is what...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Tablette Repair Service, Inc. Trial balance December 31, 2019 Debit Cash $ 8,000 Accounts Receivable 15,000 Supplies 11,000 Prepaid Rent 3,000 Equipment 21,000 Accounts Payable Common Stock Retained Earnings $58,000 $17,000 30,000 11,000 $58,000 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in...
Current Attempt in Progress Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Credit Pharoah Company Trial balance December 31, 2018 Debit Cash $ 7,000 Accounts Receivable 15,300 Supplies 13,200 Prepaid Rent 1,000 Equipment 19,200 Accounts Payable Common Stock Retained Earnings $55,700 $12.900 31,000 11,800 $55,700 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash $1,110. Additional runnlin sonundan...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Larkspur, Inc. Trial balance December 31, 2019 Debit Cash $8.500 Accounts Receivable 15,400 Supplies 12.200 Prepaid Rent 2.100 Equipment 20.700 Accounts Payable Common Stock Retained Earnings $58,900 $17.200 31,300 10.400 $58,900 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. Advertising costs, paid in cash, $1,180. Additional supplies acquired on account...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Sheridan Company Prepare a trial balance. December 31, 2018 Debit Credit Cash $ 8.400 Accounts Receivable 15,600 Supplies 13.100 Prepaid Rent 4,000 Equipment 19,800 Accounts Payable $19,400 Common Stock 30.000 Retained Earnings 11,500 $60,900 $60,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,100. 2. Additional supplies acquired on...
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