Accounting Equation | |||||||||||||||||
Event | Assets | Liabilities | + | stockholders’ Equity | Account Titles for Retained Earnings | ||||||||||||
Cash | + | Account Receivable | + | Supplies | + | Equipment | - | Acc. Depreciation | = | Salaries Payable | + | Common stock | + | Retained Earnings | |||
Beg. bal. | 18500 | + | 7700 | + | 3700 | + | 13500 | - | 4400 | = | 6400 | + | 23500 | + | 9100 | ||
1 | $36,300 | $20,700 | $57,000 | ||||||||||||||
2 | $17,700 | -$17,700 | |||||||||||||||
3 | $6,000 | $6,000 | |||||||||||||||
4 | -$6,400 | -$6,400 | |||||||||||||||
5 | -$12,700 | -$12,700 | |||||||||||||||
6 | -$7,700 | $7,700 | |||||||||||||||
7 | -$1,100 | -$1,100 | |||||||||||||||
tals | $50,600 | $10,700 | $3,700 | $21,200 | $4,400 | $29,500 | $52,300 |
Post Closing Trial Balanc | ||
Account | Debit | Credit |
Cash | $50,600.00 | |
Accoutn Receivable | $10,700.00 | |
Supplies | $3,700.00 | |
Equipment | $21,200.00 | |
Acc. Depreciation | $4,400.00 | |
Salaries Payable | ||
Common Stock | $29,500.00 | |
Retained Earning | $52,300.00 | |
Total | $86,200.00 | $86,200.00 |
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances:...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts receivable,...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
11:02 + Expert Q&A + The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $18,500 Accounts Receivable 7,700 Supplies 3,700 Equipment 13,500 Accumulated Depreciation $4,400 Salaries Payable 6,400 Common Stock 23,500 Retained Earnings 9,100 Totals $43,400 $43,400 The following is a summary of the transactions for the year Provide services to customers, 1. March 12$57,000, of which $20,700 is on account. Collect on accounts receivable, 2. May 2 $17,700....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 20,000 Accounts Receivable 8,000 Supplies 4,000 Equipment 15,000 Accumulated Depreciation $ 5,000 Salaries Payable 7,500 Common Stock 25,000 Retained Earnings 9,500 Totals $ 47,000 $ 47,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $60,000, of which $21,000 is on account. 2. May 2 Collect on accounts receivable,...
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $16.500 7,300 3,300 11,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 3,600 5,600 21,500 7.900 $38.600 $38.600 The following 's a summary of the transactions for the year 1. March 12 Provide services to customers, $53.000, of which $20,300 is on account. 2. May 2 Collect on accounts receivable, $17,300. 3. June 30...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7,000 $39,000 $39,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3....
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $ 43,400 $ 43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts...
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 12,000 Accounts Receivable 6,400 Supplies 2,400 Equipment 18,000 Accumulated Depreciation $ 6,200 Salaries Payable 8,700 Common Stock 17,000 Retained Earnings 6,900 Totals $ 38,800 $ 38,800 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $44,000, of which $19,400 is on account. 2. May 2 Collect on accounts...