Homework Answers
| No. | Date | Account titles and explanation | Debit | Credit |
| 1 | July 31 | Salaries and wages expense | $1600 | |
| Salaries and wages payable | $1600 | |||
| 2 | July 31 | Interest expense ($28000*15%*1/12) | $350 | |
| Interest payable | $350 | |||
| 3 | July 31 | Accounts receivable | $2400 | |
| Service revenue | $2400 |
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whispering winds july 2020 adjusting enteries
Return to Blackboard Weygandt, Financial and Managerial, 3e Help System...
Whispering Winds started her own consulting firm, Whispering Winds Corp., on May 1, 2020.
Whispering Winds started her own consulting firm, Whispering Winds Corp., on May 1, 2020. The trial balance at May 31 is as follows.In addition to those accounts listed on the trial balance, the chart of accounts for Whispering Winds Corp. also contains the following accounts and account numbers: No. 150 Accumulated Depreciation--Equipment, No. 212 Salaries and Wages Payable, No.631 Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense. Other data: 1. $900 of supplies have been...
Return to Blackboard IC Weygandt, Financial and Managerial Be Help System Announcements regarding the costs and...
Return to Blackboard IC Weygandt, Financial and Managerial Be Help System Announcements regarding the costs and sales of security controls during May 2020 are provided below. Question 7 Clumber Industries produces and sells a cell phone operated home security control. Informa Unit selling price of security control Unit variable costs Total monthly fixed costs Units sold $128.000 Prepare a CVP Income statement for Cullumber Industries for the month of May. Provide per unit values and total values Cullumber Industries CVP...
The trial balance for Whispering Winds Corp. on August 31 is as follows: Whispering Winds Corp....
The trial balance for Whispering Winds Corp. on August 31 is as follows: Whispering Winds Corp. Trial Balance August 31, 2020 Credit Debit $6,000 3,200 2,000 20,300 147,000 $21,168 18,000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 4,860 4.250 4,050 76,000 79,700 4,250 4,550 66,500 33,648 11.200 3,800...
prepare the adjusting enteries at July 31 assuming that adjusting entries are made monthly. Cupei 4...
prepare the adjusting enteries at July 31 assuming that adjusting
entries are made monthly.
Cupei 4 Homework Dunia+2980608-3a1a-4735-9656-1819bcd0abc Question 4 of 6 < > Current Attempt in Progress The ledger of Pina Colada Corp. on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. Credit Investment in Note Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation--Buildings Unearned Service Revenue Debit $18,000 22,500 5,400 210,000 $135,000 11,100 An analysis of the company's accounts shows the following. 1....
on July 1st cullumber company pays 12000 to kalter in Return to Blackboard IS Weygandt, Financial...
on July 1st cullumber company pays 12000 to kalter in
Return to Blackboard IS Weygandt, Financial and Managerial, de Helo i System Announcements Brief Exercise 3-05 Your answer is partially correct. Try again. On July 1, 2020, Cullumber Company pays $12,000 to Kalter Insurance Co. for 3 year insurance contract. Both companies have fiscal years ending December 31. For Cullumber Company, journal and post the entry on July 1 and the annual adjusting entry on December 31. ( Cre a...
Whispering Winds Architects incorporated as licensed architects on April 1, 2022. During the first month of...
Whispering Winds Architects incorporated as licensed architects
on April 1, 2022. During the first month of the operation of the
business, these events and transactions occurred:
Apr. 1
Stockholders invested $19,890 cash in exchange for common stock
of the corporation.
1
Hired a secretary-receptionist at a salary of $414 per week,
payable monthly.
2
Paid office rent for the month $995.
3
Purchased architectural supplies on account from Burmingham
Company $1,437.
10
Completed blueprints on a carport and billed client...
Journalize the adjusting entries on May 31. The Whispering Winds Corp.opened for business on May 1,...
Journalize the adjusting entries on May 31.
The Whispering Winds Corp.opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Whispering Winds Corp. Trial Balance May 31, 2022 Credit Account Number 101 126 130 Debit $3,430 2,042 2,352 11,760 58,800 14,160 140 141 149 200 Cash Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 201...
With the given information, please show me how to calculate what the two red boxes should...
With the given information,
please show me how to calculate what the two red boxes should
be.
Whispering Winds Corp. began operations in July 2019. At the end of the month, the company prepares monthly financial statements. It has the following information for the month. 1. 2. 3. At July 31, the company owed employees $1,600 in salaries that the company will pay in August. On July 1, the company borrowed $28,000 from a local bank on a 10-year note....
E ey PLUS Help System Announcements PIUS Weygandt, Financial and Managerial, je CALCULATOR PRINTER VERSION BACK...
E ey PLUS Help System Announcements PIUS Weygandt, Financial and Managerial, je CALCULATOR PRINTER VERSION BACK NEXT + NT RESOURCES ictice Accounts Receivable + Supplies Equipment Accounts Payable * Common Stock +$15,000 * Revenues Expenses Dividend Cash +$15,000 -2,000 -750 Le + $5,000 $3,000 DE LOS $4,500 +$9.400 Service Revenue -1,500 Get -1,500 -2,000 -850 +450 -3,900 -$2,000 Rent Expense -$850 SEL rce LLE LOL LO2 LOS -450 9. -3,900 --500 Salaries/Wages Expense Utilities Expense LOZ 1.09 - Car Prepare...
Weygandt, Financial and Managerial, 30 Financial Managerial Accounting (ACC-152 & ACC-156) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD...
Weygandt, Financial and Managerial, 30 Financial Managerial Accounting (ACC-152 & ACC-156) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK (D) Enter the total from the trial balance as beginning account balances. Post the part.) entries to the leader acourts (Post antries in the order of m entres presented the previous No. 101 Balance Date Explanation Debit Credit May 31 Balance Accounts Receivable Explanation No. 112 Balance Ref Debit Credit Ating No. 126 Supplies Date Explanation Credit Balance May 31...
Return to Blackboard IC Weygandt, Financial and Managerial Be Help System Announcements regarding the costs and sales of security controls during May 2020 are provided below. Question 7 Clumber Industries produces and sells a cell phone operated home security control. Informa Unit selling price of security control Unit variable costs Total monthly fixed costs Units sold $128.000 Prepare a CVP Income statement for Cullumber Industries for the month of May. Provide per unit values and total values Cullumber Industries CVP...
The trial balance for Whispering Winds Corp. on August 31 is as follows: Whispering Winds Corp. Trial Balance August 31, 2020 Credit Debit $6,000 3,200 2,000 20,300 147,000 $21,168 18,000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 4,860 4.250 4,050 76,000 79,700 4,250 4,550 66,500 33,648 11.200 3,800...
prepare the adjusting enteries at July 31 assuming that adjusting
entries are made monthly.
Cupei 4 Homework Dunia+2980608-3a1a-4735-9656-1819bcd0abc Question 4 of 6 < > Current Attempt in Progress The ledger of Pina Colada Corp. on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. Credit Investment in Note Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation--Buildings Unearned Service Revenue Debit $18,000 22,500 5,400 210,000 $135,000 11,100 An analysis of the company's accounts shows the following. 1....
on July 1st cullumber company pays 12000 to kalter in
Return to Blackboard IS Weygandt, Financial and Managerial, de Helo i System Announcements Brief Exercise 3-05 Your answer is partially correct. Try again. On July 1, 2020, Cullumber Company pays $12,000 to Kalter Insurance Co. for 3 year insurance contract. Both companies have fiscal years ending December 31. For Cullumber Company, journal and post the entry on July 1 and the annual adjusting entry on December 31. ( Cre a...
Whispering Winds Architects incorporated as licensed architects
on April 1, 2022. During the first month of the operation of the
business, these events and transactions occurred:
Apr. 1
Stockholders invested $19,890 cash in exchange for common stock
of the corporation.
1
Hired a secretary-receptionist at a salary of $414 per week,
payable monthly.
2
Paid office rent for the month $995.
3
Purchased architectural supplies on account from Burmingham
Company $1,437.
10
Completed blueprints on a carport and billed client...
Journalize the adjusting entries on May 31.
The Whispering Winds Corp.opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Whispering Winds Corp. Trial Balance May 31, 2022 Credit Account Number 101 126 130 Debit $3,430 2,042 2,352 11,760 58,800 14,160 140 141 149 200 Cash Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 201...
With the given information,
please show me how to calculate what the two red boxes should
be.
Whispering Winds Corp. began operations in July 2019. At the end of the month, the company prepares monthly financial statements. It has the following information for the month. 1. 2. 3. At July 31, the company owed employees $1,600 in salaries that the company will pay in August. On July 1, the company borrowed $28,000 from a local bank on a 10-year note....
E ey PLUS Help System Announcements PIUS Weygandt, Financial and Managerial, je CALCULATOR PRINTER VERSION BACK NEXT + NT RESOURCES ictice Accounts Receivable + Supplies Equipment Accounts Payable * Common Stock +$15,000 * Revenues Expenses Dividend Cash +$15,000 -2,000 -750 Le + $5,000 $3,000 DE LOS $4,500 +$9.400 Service Revenue -1,500 Get -1,500 -2,000 -850 +450 -3,900 -$2,000 Rent Expense -$850 SEL rce LLE LOL LO2 LOS -450 9. -3,900 --500 Salaries/Wages Expense Utilities Expense LOZ 1.09 - Car Prepare...
Weygandt, Financial and Managerial, 30 Financial Managerial Accounting (ACC-152 & ACC-156) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK (D) Enter the total from the trial balance as beginning account balances. Post the part.) entries to the leader acourts (Post antries in the order of m entres presented the previous No. 101 Balance Date Explanation Debit Credit May 31 Balance Accounts Receivable Explanation No. 112 Balance Ref Debit Credit Ating No. 126 Supplies Date Explanation Credit Balance May 31...
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