The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $103,700; Salaries Expense $60,000; Repairs and Maintenance Expense $15,000; Supplies Expense $6,000; Utilities Expense $2,000; and Income Tax Expense $5,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,000 and Dividends Declared $10,000.
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The income statement for Regina Cleaning Services Ltd. for the
year ended November 30 shows Service...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,200; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. W no entry is...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $136,100; Salaries Expense $88.600; Repairs and Maintenance Expense $15,700; Supplies Expense $7,000; Utilities Expense $2,300; and Income Tax Expense $6,100. The statement of changes in equity shows an opening balance for Retalned Earnings of $50,500 and Dividends Declared $11,500 Using T accounts, post the closing entries, and determine the ending balances. (CE means closing entry) (Post entries in the entries presented in the...
Brief Exercise 4-14 (Part Level Submission) The income statement for Regina Cleaning Services Ltd. for the...
Brief Exercise 4-14 (Part Level Submission) The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $129,900; Salaries Expense $82,800; Repairs and Maintenance Expense $15,800; Supplies Expense $6,400; Utilities Expense $2,900; and Income Tax Expense $5,900. The statement of changes in equity shows an opening balance for Retained Earnings of $50,300 and Dividends Declared $10,700. (a) Your answer is correct. Calculate the net income or loss for the year. Net Income / loss...
Question 7 --/1 View Policies Current Attempt in Progress The income statement for Regina Cleaning Services...
Question 7 --/1 View Policies Current Attempt in Progress The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,2003; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. (a) Calculate the net income or loss for the year. Net Income / loss $...
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and...
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following account information: Supplies Prepaid insurance Salaries and wages payable Deferred rent revenue Nov. 30 Dr. Cr. 1,500 6,000 10,000 2,000 Dec. 31 Dr. Cr. 3,000 4,500 15,000 1,000 The following information also is known: a. The December income statement reported $2,000 in supplies expense. b. No insurance payments were made in December. c. $10,000 was paid...
Avalon Amusement Park has a fiscal year ending on september 30. (u from the September 30...
Avalon Amusement Park has a fiscal year ending on september
30.
(u from the September 30 Cor cla en Dulance. AB Avalon Amusement park has a fiscal year ending on September 30. Selected data September 30 worksheet are presented below and on the next page. AVALON AMUSEMENT PARK Worksheet For the Year Ended September 30, 2015 Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Cash 41,400 41,400 18,600 2,200 Prepaid Insurance 31,900 10,900 Land 80,000 80,000 Equipment 120,000 120,000...
The trial balance of Crane Fashion Center contained the following accounts at November 30, the end...
The trial balance of Crane Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit CRANE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $32,700 Accounts Receivable 36,700 Inventory 48,000 Supplies 8,500 Equipment 139,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 139,000 Advertising Expense 27,400 Utilities Expenses 15,000 Maintenance and Repairs Expense 12,100...
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and...
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained the following account information: Supplies Prepaid insurance Salaries payable Deferred rent revenue Nov. 30 Dr. Cr 1,5ee 6,000 10,000 2,000 Dec. 31 Dr. Cr 3,800 4,500 15,000 1. eee The following information also is known: a. The December income statement reported $2,000 in supplies expense. b. No insurance payments were made in December c. $10,000 was paid to...
The income statement for the Kingbird, Inc. for the month ended July 31 shows Service Revenue $19,520
The income statement for the Kingbird, Inc. for the month ended July 31 shows Service Revenue $19,520, Salaries and Wages Expense $8,620, Maintenance and Repairs Expense $2,920, and Income Tax Expense $1.240. The statement of retained earnings shows an opening balance for Retained Earnings of $24.290 and Dividends $1,600. (a) Prepare closing journal entries.
Assignment: 1) complete the accountants worksheet excel (pictured below) 2) on a separate sheet, INCOME STATEMENT...
Assignment:
1) complete the accountants worksheet excel (pictured below)
2) on a separate sheet, INCOME STATEMENT
3) on a separate sheet, RETAINED EARNINGS
4) on a separate sheet, BALANCE SHEET
5) on a separate sheet, ADJUSTING/CLOSING ENTRIES
6) POST CLOSING TRIAL BALANCE*
Income Statement Debit Credit R. E. Statement Debit Credit Balance Sheet Debit Credit Unadjusted Trial Bal. Debit Credit 37,000 18,600 31,900 80,000 120,000 36,200 14,200 GWS Incorporated Accountant's Worksheet For the Month Ended September 30, 2010 Adjustments Adjusted...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,200; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. W no entry is...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $136,100; Salaries Expense $88.600; Repairs and Maintenance Expense $15,700; Supplies Expense $7,000; Utilities Expense $2,300; and Income Tax Expense $6,100. The statement of changes in equity shows an opening balance for Retalned Earnings of $50,500 and Dividends Declared $11,500 Using T accounts, post the closing entries, and determine the ending balances. (CE means closing entry) (Post entries in the entries presented in the...
Brief Exercise 4-14 (Part Level Submission) The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $129,900; Salaries Expense $82,800; Repairs and Maintenance Expense $15,800; Supplies Expense $6,400; Utilities Expense $2,900; and Income Tax Expense $5,900. The statement of changes in equity shows an opening balance for Retained Earnings of $50,300 and Dividends Declared $10,700. (a) Your answer is correct. Calculate the net income or loss for the year. Net Income / loss...
Question 7 --/1 View Policies Current Attempt in Progress The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,2003; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. (a) Calculate the net income or loss for the year. Net Income / loss $...
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following account information: Supplies Prepaid insurance Salaries and wages payable Deferred rent revenue Nov. 30 Dr. Cr. 1,500 6,000 10,000 2,000 Dec. 31 Dr. Cr. 3,000 4,500 15,000 1,000 The following information also is known: a. The December income statement reported $2,000 in supplies expense. b. No insurance payments were made in December. c. $10,000 was paid...
Avalon Amusement Park has a fiscal year ending on september
30.
(u from the September 30 Cor cla en Dulance. AB Avalon Amusement park has a fiscal year ending on September 30. Selected data September 30 worksheet are presented below and on the next page. AVALON AMUSEMENT PARK Worksheet For the Year Ended September 30, 2015 Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Cash 41,400 41,400 18,600 2,200 Prepaid Insurance 31,900 10,900 Land 80,000 80,000 Equipment 120,000 120,000...
The trial balance of Crane Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Credit CRANE FASHION CENTER TRIAL BALANCE NOVEMBER 30, 2020 Debit Cash $32,700 Accounts Receivable 36,700 Inventory 48,000 Supplies 8,500 Equipment 139,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 139,000 Advertising Expense 27,400 Utilities Expenses 15,000 Maintenance and Repairs Expense 12,100...
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained the following account information: Supplies Prepaid insurance Salaries payable Deferred rent revenue Nov. 30 Dr. Cr 1,5ee 6,000 10,000 2,000 Dec. 31 Dr. Cr 3,800 4,500 15,000 1. eee The following information also is known: a. The December income statement reported $2,000 in supplies expense. b. No insurance payments were made in December c. $10,000 was paid to...
Assignment:
1) complete the accountants worksheet excel (pictured below)
2) on a separate sheet, INCOME STATEMENT
3) on a separate sheet, RETAINED EARNINGS
4) on a separate sheet, BALANCE SHEET
5) on a separate sheet, ADJUSTING/CLOSING ENTRIES
6) POST CLOSING TRIAL BALANCE*
Income Statement Debit Credit R. E. Statement Debit Credit Balance Sheet Debit Credit Unadjusted Trial Bal. Debit Credit 37,000 18,600 31,900 80,000 120,000 36,200 14,200 GWS Incorporated Accountant's Worksheet For the Month Ended September 30, 2010 Adjustments Adjusted...
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