Need some help with this T account i'm confused on the wording I guess of the T account. Thanks for the help!
Homework Answers
Kindly rectify the following journal entry.
| No | Transaction | General Journal | Debit | Credit |
| 1 | a. | Cash | 695 | |
| Deferred revenue | 695 |
3.
| Cash | Accounts Receivable | |||||||
| Beg. Bal. | 8100 | Beg. Bal. | 38000 | 5400 | e. | |||
| a. | 695 | 3000 | h. | d. | 8000 | |||
| b. | 325 | 15500 | i. | |||||
| c. | 15600 | 1185 | j. | |||||
| e. | 5400 | |||||||
| End. Bal. | 10435 | End. Bal. | 40600 | |||||
| Supplies | Equipment | |||||||
| Beg. Bal. | 2800 | Beg. Bal. | 13000 | |||||
| j. | 1185 | |||||||
| End. Bal. | 3985 | End. Bal. | 13000 | |||||
| Land | Building | |||||||
| Beg. Bal. | 7300 | Beg. Bal. | 22300 | |||||
| End. Bal. | 7300 | End. Bal. | 22300 | |||||
| Accounts Payable | Deferred Revenue | |||||||
| Beg. Bal. | 11350 | Beg. Bal. | 5000 | |||||
| h. | 3000 | 670 | f. | 695 | a. | |||
| End. Bal. | 9020 | End. Bal. | 5695 | |||||
| Notes Payable | Common Stock | |||||||
| Beg. Bal. | 49500 | Beg. Bal. | 16500 | |||||
| End. Bal. | 49500 | End. Bal. | 16500 | |||||
| Retained Earnings | Service Revenue | |||||||
| Beg. Bal. | 9150 | Beg. Bal. | 0 | |||||
| 15600 | c. | |||||||
| 8000 | d. | |||||||
| End. Bal. | 9150 | End. Bal. | 23600 | |||||
| Rent Revenue | Salaries and Wages Expense | |||||||
| Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
| 325 | b. | i. | 15500 | |||||
| End. Bal. | 325 | End. Bal. | 15500 | |||||
| Utilities Expense | ||||||||
| Beg. Bal. | 0 | |||||||
| f. | 670 | |||||||
| End. Bal. | 670 | |||||||
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Need some help with this T account i'm confused on the wording I
guess of the...
Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,200 Accounts Payable 49,750 Deferred Revenue (deposits) 1,800 Notes Payable (long-term) 9,900 Common Stock 6,600 Retained Earnings 24,900 $ 8,650 4,800 63,000 16,000 7,700 Following...
Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017,...
Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,800 Accounts Payable 30,400 Deferred Revenue (deposits) 1,740 Notes Payable 9,899 Contributed Capital 7,800 Retained Earnings 31,000 $ 9,800 3,740 54,400 9,800 10,800 Required: 2. Prepare journal entries for the following January 2017 transactions, using the letter of each transaction...
Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required...
Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment Land Building $ 5,800 Accounts Payable 33.750 Deferred Revenue...
Can someone tell me what I am missing in these T-accounts? My answer says incomplete but...
Can
someone tell me what I am missing in these T-accounts? My answer
says incomplete but I’m not sure what is missing.
work- Ch 3 0 Help Save & Exit S Check my w Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 6,000 Accounts...
Abc 123 M3-13 E3-12;E3-13+ M3-4: M3-5 E3-9 No BIU El La E3-12 & E3-13 a. Received...
Abc 123 M3-13 E3-12;E3-13+ M3-4: M3-5 E3-9 No BIU El La E3-12 & E3-13 a. Received a $500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $300 rent received for Januany c. Delivered five rebuilt pianos to customers who paid $14,500 in cash. d. Delivered two rebuilt pianos to customers for $7000 charged on account. e. Received $6000 from customers as payment on their accounts....
Required Information The following information applies to the questions displayed below) Ricky's Piano Rebuilding Company has...
Required Information The following information applies to the questions displayed below) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 8,700 Accounts Payable 35,75e Deferred Revenue (deposits) 2,658 Notes Payable (long-term) 8,480 Common Stock 5,258 Retained Earnings 25,900 $ 9,388 4,250 46,000 8,500 19,6ee Following...
Required information [The following information applies to the questions displayed below.) Stacey's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.) Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,400 Accounts payable 32,000 Unearned revenue 1,500 Long-term note payable 9,500 Common stock 7,400 Additional paid-in capital 25,300 Retained earnings $ 9,600 3,840 48,500 1,600 7,000 11,560 a....
Required information [The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,100 Accounts Payable 29,750 Deferred Revenue (deposita) 2,200 Notes Payable (long-term) 11,200 Common Stock 9,800 Retained Earnings 22,600 $12,500 3,550 42,250 17,000 7,350 Following are...
I only need the solution to letter g, everything else I have right but I just...
I only need the solution to letter g, everything else I have right
but I just cannot figure out g.
Saved th3 Accounts Receivable Supplies Equipment Land Building 25,000 Deferred Revenue (deposits) 1,200 Notes Payable (long-term) 8,000 Common Stock 6,000 Retained Earnings 22,eee 3,200 40,000 8.ee 9,000 Following are the January transactions: a. Received a $500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $300...
Required information [The following information applies to the questions displayed below.] Stacey's Piano Rebuilding Company has...
Required information [The following information applies to the questions displayed below.] Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,300 31,000 1,520 10,400 7,400 26,500 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 8,900 2,840 47,600 1,540 6,160 16,080 a....
Required information [The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,200 Accounts Payable 49,750 Deferred Revenue (deposits) 1,800 Notes Payable (long-term) 9,900 Common Stock 6,600 Retained Earnings 24,900 $ 8,650 4,800 63,000 16,000 7,700 Following...
Ricky's Piano Rebuilding Company has been operating for one year (2016). At the start of 2017, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,800 Accounts Payable 30,400 Deferred Revenue (deposits) 1,740 Notes Payable 9,899 Contributed Capital 7,800 Retained Earnings 31,000 $ 9,800 3,740 54,400 9,800 10,800 Required: 2. Prepare journal entries for the following January 2017 transactions, using the letter of each transaction...
Homework 3 Saved Help Save & Exit Submit Check my work Part 2 of 2 Required information The following information applies to the questions displayed below.) Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: points $10,050 4,600 eBook Cash Accounts Receivable Supplies Equipment Land Building $ 5,800 Accounts Payable 33.750 Deferred Revenue...
Can
someone tell me what I am missing in these T-accounts? My answer
says incomplete but I’m not sure what is missing.
work- Ch 3 0 Help Save & Exit S Check my w Ricky's Plano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 6,000 Accounts...
Abc 123 M3-13 E3-12;E3-13+ M3-4: M3-5 E3-9 No BIU El La E3-12 & E3-13 a. Received a $500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop; $300 rent received for Januany c. Delivered five rebuilt pianos to customers who paid $14,500 in cash. d. Delivered two rebuilt pianos to customers for $7000 charged on account. e. Received $6000 from customers as payment on their accounts....
Required Information The following information applies to the questions displayed below) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 8,700 Accounts Payable 35,75e Deferred Revenue (deposits) 2,658 Notes Payable (long-term) 8,480 Common Stock 5,258 Retained Earnings 25,900 $ 9,388 4,250 46,000 8,500 19,6ee Following...
Required information [The following information applies to the questions displayed below.) Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,400 Accounts payable 32,000 Unearned revenue 1,500 Long-term note payable 9,500 Common stock 7,400 Additional paid-in capital 25,300 Retained earnings $ 9,600 3,840 48,500 1,600 7,000 11,560 a....
Required information [The following information applies to the questions displayed below.) Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,100 Accounts Payable 29,750 Deferred Revenue (deposita) 2,200 Notes Payable (long-term) 11,200 Common Stock 9,800 Retained Earnings 22,600 $12,500 3,550 42,250 17,000 7,350 Following are...
I only need the solution to letter g, everything else I have right
but I just cannot figure out g.
Saved th3 Accounts Receivable Supplies Equipment Land Building 25,000 Deferred Revenue (deposits) 1,200 Notes Payable (long-term) 8,000 Common Stock 6,000 Retained Earnings 22,eee 3,200 40,000 8.ee 9,000 Following are the January transactions: a. Received a $500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $300...
Required information [The following information applies to the questions displayed below.] Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,300 31,000 1,520 10,400 7,400 26,500 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 8,900 2,840 47,600 1,540 6,160 16,080 a....
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