Homework Answers
Service revenue for the month of August = Beginning Unearned Revenues + Revenues received during the year - Ending balance of unearned revenues
= 2148+18447-7373
= $13,222
Hence, the answer is b.
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On August 1, 2018, the beginning of its current fiscal year, the following opening account balances,...
On August 1, 2018, the beginning of its current fiscal year, the
following opening account balances, listed in alphabetical order,
were reported by Tobique Ltd.
Accounts payable
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Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
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Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
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1,460
Common shares
12,000
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1,030
Equipment
10,100
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1,380
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completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
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On August 1, 2018, the beginning of its current fiscal year, the following opening account balances,...
On August 1, 2018, the beginning of its current fiscal year,
the following opening account balances, listed in alphabetical
order, were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were
completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
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Credit WHISPERING WINDS CORP. Trial Balance October 31, 2022 Debit Cash $15,300 Supplies 2,580 Prepaid Insurance 720 Equipment 5,170 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 620 Service Revenue Salaries and Wages Expense 4,000 Rent Expense 1,380 $29,770 $5,170 2,350 1,980 11,770 By - 8,500 $29,770 FULL SCREEN 1 CALCULATOR PRINTERV Assume the following adjustment data. Supplies on hand at October 31 total $540. 2. Expired insurance for the month is $120. 3. Depreciation for...
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he unadjusted trial balance of Blossom Exposure Inc. had these
balances for the following select accounts: Supplies $4,250,
Unearned Service Revenue $9,200, and Prepaid Rent $2,350.
At the end of the period,
1. A count showed $940 of supplies on hand.
2. Services of $4,050 had been performed related to the unearned
revenue account
3. One month’s worth of rent, worth $630, had been consumed by
Blossom Exposure.
Record the required adjusting entries related to these events.
(If no entry...
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The December 31, 20x3 bank statement for Pardy Inc. showed a balance of $16731. The accountant for the company gathered the following information to prepare the December 31, 20x3 bank reconciliation: 1. Cheques amounting to $6062 are outstanding at December 2. The December 31, 20x3 deposit of $2611 had not been received by the bank in time to be included in the December bank statement 3. The bank charged the company $209 for monthly standard service charges and have not...
On August 1, 2018, the beginning of its current fiscal year, the
following opening account balances, listed in alphabetical order,
were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were
completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
Accounting Cycle Review 4-1 (Part Level Submission) On August 1, 2018, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Tobique Ltd. Accounts payable Accounts receivable Accumulated depreciation equipment Cash Common shares Equipment $2,490 Interest receivable 4,590 Note receivable, due October 31, 2018 1,850 Retained earnings 5,650 Salaries payable 11,400 Supplies 9,100 Unearned revenue 20 4,000 5,950 1,510 1,060 1,220 During August, the following summary transactions were completed. Paid $360...
On August 1, 2018, the beginning of its current fiscal year,
the following opening account balances, listed in alphabetical
order, were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were
completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
Credit WHISPERING WINDS CORP. Trial Balance October 31, 2022 Debit Cash $15,300 Supplies 2,580 Prepaid Insurance 720 Equipment 5,170 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 620 Service Revenue Salaries and Wages Expense 4,000 Rent Expense 1,380 $29,770 $5,170 2,350 1,980 11,770 By - 8,500 $29,770 FULL SCREEN 1 CALCULATOR PRINTERV Assume the following adjustment data. Supplies on hand at October 31 total $540. 2. Expired insurance for the month is $120. 3. Depreciation for...
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