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700 Following is a list of account balances of Nabers Delivery Services as of December 31,...
Following is a list of account balances of Lincoln Lawn Services as of December 31, after...
Following is a list of account balances of Lincoln Lawn Services as of December 31, after the first year of operations. Accounts Receivable $6,000 Accounts Payable $5,000 Salaries Expense $7,000 Repairs Expense $900 Truck $11,000 Equipment $12,000 Notes Payable $26,100 Cash $20,000 Supplies Expense $200 Service Revenue $32,000 Gasoline Expense $7,200 Salaries Payable $1,200 Calculate the net income. A. $49,000 B. $31,100 C. $16,700 D. $17,900
Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline...
Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable 4,000 6,000 700 10,000 9,000 8,200 7,100 1,600 34,000 3,900 DO What is the amount of total liabilities at the end of the year? A. $24,600 B. $20,700 C. $12,400 OD. $12,200
The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Dependable Delivery Service
contain the following balances on July 31, 2017.
Accounts Receivable
$11,400
Prepaid Insurance
$1,800
Accounts Payable
7,400
Maintenance and Repairs Expense
1,200
Cash
15,940
Service Revenue
15,500
Equipment
59,360
Dividends
800
Gasoline Expense
950
Common Stock
40,000
Insurance Expense
600
Salaries and Wages Expense
8,400
Notes Payable, due 2020
31,450
Salaries and Wages Payable
900
Retained Earnings (July 1, 2017)
5,200
(a)
Prepare an income statement for July 2017.
The image got cut off, but salaries payable is 400. What is the amount of total...
The image got cut off, but salaries payable
is 400. What is the amount of total liabilities at the end of the
year?
Following is a list of account balances of Nabers Delivery Services as of December 31, after the first year of operations. Accounts Receivable Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense $4,000 5,000 4,000 700 12,000 10,000 8,100 8,500 1,400 31,000 3,900 A. $13,500 B. $13,100 C. $23,500...
The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
1 pcs The accounts in the ledger of Overnite Delivery Service contain the following balances on...
1 pcs The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $7,642. Prepaid Insurance $1,968. Accounts Payable $8,396. Maintenance and Repairs Expense $961. Cash $ ? Service Revenue $10,610. Equipment $49,360. Owner's Drawings $700. Gasoline Expense $758. Owner's Capital $42,000. Utilities Expense $523. Salaries and Wages Expense $4,428. Notes Payable $17,000. Salaries and Wages Payable $815. Prepare a trial balance with the accounts arranged as illustrated in the chapter and...
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses...
Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Spiffy's Garage at December 31, 2019, the end of its first year of operations. E: (Click the icon to view the account balances.) The owner, Spiffy Sloan, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use Owner's equity at December 31, 2019. was 8 O A. $22.700 OB. $13.900 OC. $22.600 OD. $18,700 8 X...
800 Problem 2 - (worth 5 Points) 2. Following is a list of account balances (except...
800 Problem 2 - (worth 5 Points) 2. Following is a list of account balances (except for owner's equity) of Wilson Moving as of December 31 of the first year of operation: Accounts Receivable $2,500 Accounts Payable 3,500 Salary Expense 4,500 Repairs Expense Truck 8,500 Equipment 6,300 Notes Payable 8,200 Cash 6,800 Supplies Expense 1,600 Service Revenue 31,900 Gasoline Expense 3,800 Salary Payable 200 The sole proprietor, J.D. Wilson, contributed $3,000 at the beginning of the year and made withdrawals...
Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable 4,000 6,000 700 10,000 9,000 8,200 7,100 1,600 34,000 3,900 DO What is the amount of total liabilities at the end of the year? A. $24,600 B. $20,700 C. $12,400 OD. $12,200
The accounts in the ledger of Dependable Delivery Service
contain the following balances on July 31, 2017.
Accounts Receivable
$11,400
Prepaid Insurance
$1,800
Accounts Payable
7,400
Maintenance and Repairs Expense
1,200
Cash
15,940
Service Revenue
15,500
Equipment
59,360
Dividends
800
Gasoline Expense
950
Common Stock
40,000
Insurance Expense
600
Salaries and Wages Expense
8,400
Notes Payable, due 2020
31,450
Salaries and Wages Payable
900
Retained Earnings (July 1, 2017)
5,200
(a)
Prepare an income statement for July 2017.
The image got cut off, but salaries payable
is 400. What is the amount of total liabilities at the end of the
year?
Following is a list of account balances of Nabers Delivery Services as of December 31, after the first year of operations. Accounts Receivable Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense $4,000 5,000 4,000 700 12,000 10,000 8,100 8,500 1,400 31,000 3,900 A. $13,500 B. $13,100 C. $23,500...
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
1 pcs The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $7,642. Prepaid Insurance $1,968. Accounts Payable $8,396. Maintenance and Repairs Expense $961. Cash $ ? Service Revenue $10,610. Equipment $49,360. Owner's Drawings $700. Gasoline Expense $758. Owner's Capital $42,000. Utilities Expense $523. Salaries and Wages Expense $4,428. Notes Payable $17,000. Salaries and Wages Payable $815. Prepare a trial balance with the accounts arranged as illustrated in the chapter and...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Spiffy's Garage at December 31, 2019, the end of its first year of operations. E: (Click the icon to view the account balances.) The owner, Spiffy Sloan, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use Owner's equity at December 31, 2019. was 8 O A. $22.700 OB. $13.900 OC. $22.600 OD. $18,700 8 X...
800 Problem 2 - (worth 5 Points) 2. Following is a list of account balances (except for owner's equity) of Wilson Moving as of December 31 of the first year of operation: Accounts Receivable $2,500 Accounts Payable 3,500 Salary Expense 4,500 Repairs Expense Truck 8,500 Equipment 6,300 Notes Payable 8,200 Cash 6,800 Supplies Expense 1,600 Service Revenue 31,900 Gasoline Expense 3,800 Salary Payable 200 The sole proprietor, J.D. Wilson, contributed $3,000 at the beginning of the year and made withdrawals...
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