If an account has a credit balance of $790 in the Trial Balance section of a...
If an account has a credit balance of $790 in the Trial Balance section of a worksheet and there is a credit of $380 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is
Multiple Choice
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$1,170 debit.
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$1,170 credit.
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$410 debit.
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$410 credit.
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If an account has a credit balance of $790 in the Trial Balance
section of a...
2 If an account has a debit balance of $760 in the Tnal Balance section of...
2 If an account has a debit balance of $760 in the Tnal Balance section of a worksheet and there is a credit of $320 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a $440 debit $440 credit $1,080 debit < Prey 20,10 İll Next >
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit If an account has a debit balance of $900 in the Trial Bal...
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit If an account has a debit balance of $900 in the Trial Balance section of a worksheet and there is a debit of $600 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 8 of 10 Next >
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit Prepaid Advertising has a debit balance in the Trial Bal...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit Prepaid Advertising has a debit balance in the Trial Balance section of the worksheet of $3,300 and a credit entry of $1,400 in the adjustments section of the worksheet, the balance of Prepaid Advertising in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 5 of 10 Next >
On August 1, 2019, a firm purchased a 1-year insurance policy for $6,900 and paid the...
On August 1, 2019, a firm purchased a 1-year insurance policy for $6,900 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2019, is Multiple Choice $2,300 $4,025 $6,900 $2,875 On April 1, 2019, a firm accepted a 6-month, 10 percent note for $2,400 from a customer with an overdue balance. The accrued interest recorded for this note for the year ended June 30, 2019, is Multiple Choice $60...
Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts...
Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts Receivable 6,400 Office Supplies 2,200 Prepaid Insurance 2,400 Equipment 28,000 Accumulated Depreciation-Equipment $8,500 Accounts Payable 5,100 Salaries Payable Common Stock 12,200 Dividends 27,000 Service Revenue 73,000 Depreciation Expense-Equipment Supplies Expense Utilities Expense 4,700 Salaries Expense 24,500 Insurance Expense Total $98,800 $98,800 a. As of December 31, Ganville had performed $100 of service revenue but has not yet billed customers. b. At the end of...
Carla Vista Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance...
Carla Vista Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,730 Accounts Receivable 4,080 Supplies 450 Accounts Payable $1,600 Unearned Service Revenue 140 Owner's Capital 5,560 Owner's Drawings 790 Service Revenue 5,510 Salaries and Wages Expense 1,400 Miscellaneous Expense 320 Supplies Expense 2,450 Salaries and Wages Payable 410 $13,220 $13,220
The trial balance of Neal Company as of January 31, 2019, after the company completed the...
The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below. Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month $7,400, expired insurance, $7,100; depreciation expense for the period, $3,200. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete...
3 2 CI On January 31, 2016, the general ledger account balances. ny showed the following...
3 2 CI On January 31, 2016, the general ledger account balances. ny showed the following ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. Accounts Payable Lorraine Meeks, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 61,200 20,700 7,200 6,400 89,700 0 14.900 80,150 108,000 8.800 9,050 Additional information: a. Supplies used during January totaled $4,800. b. Expired insurance totaled $1.600. c. Depreciation expense for the month was $1,375. Complete the worksheet through...
On January 31, 2019, the general ledger of Palmer Company showed the following account balances. 61,500...
On January 31, 2019, the general ledger of Palmer Company showed the following account balances. 61,500 21,089 7,500 6,789 90,000 ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. Accounts Payable Sadie Palmer, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 15,280 80,450 109,500 9,160 9,350 Additional information: a. Supplies used during January totaled $4.950. b. Expired insurance totaled $1.675. c. Depreciation expense for the month was $1,450. Complete the worksheet through the Adjusted...
Selected worksheet data for Elsayed Company are presented below. Trial Balance Debit Credit Adjusted Trial Balance...
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 4,051 96,094 88,888 10,675 4,429 48,737 Fill in the missing amounts. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance...
2 If an account has a debit balance of $760 in the Tnal Balance section of a worksheet and there is a credit of $320 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a $440 debit $440 credit $1,080 debit < Prey 20,10 İll Next >
Wk.4 - Apply: Exercise Saved Help Save & Exit Submit If an account has a debit balance of $900 in the Trial Balance section of a worksheet and there is a debit of $600 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 8 of 10 Next >
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit Prepaid Advertising has a debit balance in the Trial Balance section of the worksheet of $3,300 and a credit entry of $1,400 in the adjustments section of the worksheet, the balance of Prepaid Advertising in the Adjusted Trial Balance section of the worksheet is a points Skipped Multiple Choice Mc Graw Hill Education < Prev 5 of 10 Next >
On August 1, 2019, a firm purchased a 1-year insurance policy for $6,900 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2019, is Multiple Choice $2,300 $4,025 $6,900 $2,875 On April 1, 2019, a firm accepted a 6-month, 10 percent note for $2,400 from a customer with an overdue balance. The accrued interest recorded for this note for the year ended June 30, 2019, is Multiple Choice $60...
Carla Vista Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,730 Accounts Receivable 4,080 Supplies 450 Accounts Payable $1,600 Unearned Service Revenue 140 Owner's Capital 5,560 Owner's Drawings 790 Service Revenue 5,510 Salaries and Wages Expense 1,400 Miscellaneous Expense 320 Supplies Expense 2,450 Salaries and Wages Payable 410 $13,220 $13,220
The trial balance of Neal Company as of January 31, 2019, after the company completed the first month of operations, is shown in the partial worksheet below. Required: 2. Complete the worksheet by making the following adjustments: supplies on hand at the end of the month $7,400, expired insurance, $7,100; depreciation expense for the period, $3,200. Analyze: How does the insurance adjustment affect Prepaid Insurance? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete...
3 2 CI On January 31, 2016, the general ledger account balances. ny showed the following ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. Accounts Payable Lorraine Meeks, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 61,200 20,700 7,200 6,400 89,700 0 14.900 80,150 108,000 8.800 9,050 Additional information: a. Supplies used during January totaled $4,800. b. Expired insurance totaled $1.600. c. Depreciation expense for the month was $1,375. Complete the worksheet through...
On January 31, 2019, the general ledger of Palmer Company showed the following account balances. 61,500 21,089 7,500 6,789 90,000 ACCOUNTS Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.-Equip. Accounts Payable Sadie Palmer, Capital Fees Income Depreciation Exp.-Equip. Insurance Expense Rent Expense Salaries Expense Supplies Expense 15,280 80,450 109,500 9,160 9,350 Additional information: a. Supplies used during January totaled $4.950. b. Expired insurance totaled $1.675. c. Depreciation expense for the month was $1,450. Complete the worksheet through the Adjusted...
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 4,051 96,094 88,888 10,675 4,429 48,737 Fill in the missing amounts. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance...
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