Attached is the T-Accounts and Trial Balance.
QUESTION: I need prepare closing journal entries with the information in the picture.
Homework Answers
| Date | Accounts and Explanation | Debit | Credit |
| June 30 | Service Revenue | 20,000 | |
| Consulting Revenue | 10,000 | ||
| Income Summary | 30,000 | ||
| (To record close of revenue account) | |||
| June 30 | Income Summary | 9,300 | |
| Advertising Expense | 1,500 | ||
| Utilities Expense | 2,000 | ||
| R & M Expense | 1,800 | ||
| Wages Expense | 4,000 | ||
| (To record close of expenses account) | |||
| June 30 | Retained Earnings | 20,700 | |
| Income Summary | 20,700 | ||
| June 30 | Retained Earnings | 500 | |
| Dividends | 500 | ||
Add Answer to:
Attached is the T-Accounts and Trial Balance.
QUESTION: I need prepare closing journal entries with
the...
I have attached the previous t-accounts and the trial balance to prepare the closing process. QUESTION:...
I have attached the previous t-accounts and the trial balance to
prepare the closing process.
QUESTION: I need to prepare a t account for my closing
process with a total amount.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment...
Question: Prepare a post closing trial balance with the information provided below. There is the t...
Question: Prepare a post closing trial balance with the
information provided below. There is the t accounts, trial balance
and the closing journal.
Thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500...
I have attached Trial Balance with the information that is needed for the question. QUESTION: I...
I have attached Trial Balance with the information that is
needed for the question.
QUESTION: I need to prepare closing Journal entries
"Close out" all required accounts.
3:45 - LTE Done COMPREHNSIVE PROBLEM PART... The ABC, Inc. Adjusted Trial Balance As of June 30 20XX $1,500 Credit Debit 914,692 10,000 22,000 8,500 320,100 106,700 25,608 889.167 889.167 116,700 500 1,722.5 400 Cash Accounts Receivable Prepaid Insurance Inventory Building Equipment Land Accumulated Depreciation - Building ble Accumulated Depreciation - Equipment 06,700...
QUESTION: With the above information I need help with the FINAL BALANCE SHEET thank you. 8:08...
QUESTION: With the above information I need help with
the FINAL BALANCE SHEET
thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500 320.100 106.700 25. MIR S500 SI.RO 54.000 $120,100 S106,700 889.1...
QUESTION: Complete a final balance sheet. With information from the following information below. There is the...
QUESTION: Complete a final balance sheet. With information from
the following information below. There is the t-account following
trial balance information for the final balance sheet.
Thank you
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692...
(PICTURE IS OF JOURNAL ENTRY FROM PART 1 THAT MAY HAVE TO BE ENTERED TO THIS...
(PICTURE IS OF JOURNAL ENTRY
FROM PART 1 THAT MAY HAVE TO BE ENTERED TO THIS QUESTION AS
WELL)
This project is an extension of Part 1, so just like in the real
world the previous transactions do not go away. Review your
transaction analysis, journal entries, T-Account postings and Trial
Balance for accuracy. You start from where that part ended and add
this information.
The following transactions are adjusting entries that need to be
booked as of June 30,...
Instructions: Prepare the closing entries for the temporary accounts at August 31. RYAN COMPANY Trial Balance...
Instructions: Prepare the closing entries for
the temporary accounts at August 31.
RYAN COMPANY Trial Balance August 31, 2017 After Adjustment Cr. Dr. Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. $10,900 8,800 2,500 4,000 16,000 $ 3,600 5,800 0 1,800 10,000 5,500 2,800...
See the attached Excel Trial Balance related to ZYX. Please use the template to prepare closing...
See
the attached Excel Trial Balance related to ZYX. Please use the
template to prepare closing entries for ZYX Company
ZYX Company Closing Trial Balance For the month ended June 30, 20xx Closing Entries oo 0 0 Unadjusted Trial Balance DR. CR. 15,000 2,000 300 1,500 5,000 25,000 13,000 23,850 1,550 2,000 500 13,000 84,350 2,550 12,000 8,000 4,000 25,000 13,000 3,000 Account Title Cash Accounts Receivable Supplies Prepaid Insurance Land Office Equipment Accumulated Depreication Accounts Payable Wages Payable Unearned...
Journalize the closing entries at the end of the year. I TUDIUM 1. The adjusted trial...
Journalize the closing entries at the end of the year.
I TUDIUM 1. The adjusted trial balance of Debit Company is shown below: Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings- Dividends Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense Depreciation expense 5,000 Utilities expense...
QUESTION: I NEED AND INCOME STATEMENT FROM THE INFORMATION THAT FOLLOW. (CLOSING REPORTS) Q Credit Date...
QUESTION: I NEED AND INCOME STATEMENT FROM THE INFORMATION THAT
FOLLOW. (CLOSING REPORTS)
Q
Credit Date Account Titles and Explanation 31-Dec Service Revenue Consulting Revenue Income Summary (To close revenue account) $ $ Debit 20,000 10,000 $ 30,000 $ 16,701 $ $ 31-Dec Income Summary Cost of goods sold Advertising Expense Utilities Expense R&M Expense Wages Expense Interest Expense Insurance Expense Depreciation Expense (To close expense accounts) $ $ $ $ $ 1,500 1,500 2,000 1,800 4,400 1,723 2,000 1,778...
I have attached the previous t-accounts and the trial balance to
prepare the closing process.
QUESTION: I need to prepare a t account for my closing
process with a total amount.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment...
Question: Prepare a post closing trial balance with the
information provided below. There is the t accounts, trial balance
and the closing journal.
Thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500...
I have attached Trial Balance with the information that is
needed for the question.
QUESTION: I need to prepare closing Journal entries
"Close out" all required accounts.
3:45 - LTE Done COMPREHNSIVE PROBLEM PART... The ABC, Inc. Adjusted Trial Balance As of June 30 20XX $1,500 Credit Debit 914,692 10,000 22,000 8,500 320,100 106,700 25,608 889.167 889.167 116,700 500 1,722.5 400 Cash Accounts Receivable Prepaid Insurance Inventory Building Equipment Land Accumulated Depreciation - Building ble Accumulated Depreciation - Equipment 06,700...
QUESTION: With the above information I need help with
the FINAL BALANCE SHEET
thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500 320.100 106.700 25. MIR S500 SI.RO 54.000 $120,100 S106,700 889.1...
QUESTION: Complete a final balance sheet. With information from
the following information below. There is the t-account following
trial balance information for the final balance sheet.
Thank you
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692...
(PICTURE IS OF JOURNAL ENTRY
FROM PART 1 THAT MAY HAVE TO BE ENTERED TO THIS QUESTION AS
WELL)
This project is an extension of Part 1, so just like in the real
world the previous transactions do not go away. Review your
transaction analysis, journal entries, T-Account postings and Trial
Balance for accuracy. You start from where that part ended and add
this information.
The following transactions are adjusting entries that need to be
booked as of June 30,...
Instructions: Prepare the closing entries for
the temporary accounts at August 31.
RYAN COMPANY Trial Balance August 31, 2017 After Adjustment Cr. Dr. Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. $10,900 8,800 2,500 4,000 16,000 $ 3,600 5,800 0 1,800 10,000 5,500 2,800...
See
the attached Excel Trial Balance related to ZYX. Please use the
template to prepare closing entries for ZYX Company
ZYX Company Closing Trial Balance For the month ended June 30, 20xx Closing Entries oo 0 0 Unadjusted Trial Balance DR. CR. 15,000 2,000 300 1,500 5,000 25,000 13,000 23,850 1,550 2,000 500 13,000 84,350 2,550 12,000 8,000 4,000 25,000 13,000 3,000 Account Title Cash Accounts Receivable Supplies Prepaid Insurance Land Office Equipment Accumulated Depreication Accounts Payable Wages Payable Unearned...
Journalize the closing entries at the end of the year.
I TUDIUM 1. The adjusted trial balance of Debit Company is shown below: Debit Company Adjusted Trial Balance December 31, 20X7 Cash $6,500 Accounts receivable 8,000 Supplies 1,000 Prepaid Rent (3 months) 2,500 Equipment, net 42,000 Accounts payable Salary payable Unearned revenue (2 month advance) Note payable - long term Common stock Retained earnings- Dividends Service revenue Salary expense 40,000 Rent expense 10,000 Supplies expense Depreciation expense 5,000 Utilities expense...
QUESTION: I NEED AND INCOME STATEMENT FROM THE INFORMATION THAT
FOLLOW. (CLOSING REPORTS)
Q
Credit Date Account Titles and Explanation 31-Dec Service Revenue Consulting Revenue Income Summary (To close revenue account) $ $ Debit 20,000 10,000 $ 30,000 $ 16,701 $ $ 31-Dec Income Summary Cost of goods sold Advertising Expense Utilities Expense R&M Expense Wages Expense Interest Expense Insurance Expense Depreciation Expense (To close expense accounts) $ $ $ $ $ 1,500 1,500 2,000 1,800 4,400 1,723 2,000 1,778...
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