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ig entries E4.20 (LO 6) AP Rosborough Company provides property management services to a variety of...
*E4.20 (LO 6) AP Rosborough Company provides property management services to a variety of companies. At...
*E4.20 (LO 6) AP Rosborough Company provides property management services to a variety of companies. At its fiscal year end on April 30, 2021, adjustments were required for the following items: Prepare adjusting and reversing entries. 1. Services of $600 were provided but not recorded or collected. 2. Of the balance in the Unearned Revenue account, $250 of services have been provided. 3. Depreciation expense for the year ended April 30, 2021, was $4,850. 4. Interest of $545 on a...
*E4.20 (LO 6)AP Rosborough Company provides property management services to a variety of companies. At its...
*E4.20 (LO 6)AP Rosborough Company provides property management services to a variety of companies. At its fiscal year end on April 30, 2021, adjustments were required for the following items: Prepare adjusting and reversing entries 1. Services of $600 were provided but not recorded or collected. 2. Of the balance in the Unearned Revenue account, $250 of services have been provided. 3. Depreciation expense for the year ended April 30, 2021, was $4,850 4. Interest of $545 on a note...
Prepare these reversing entries on May 1, 2017 1- Service revenue of $620 was earned but not recorded or collected. 2- Interest of $555 on a note payable had accrued. 3- Property taxes for the calenda...
Prepare these reversing entries on May 1, 2017 1- Service revenue of $620 was earned but not recorded or collected. 2- Interest of $555 on a note payable had accrued. 3- Property taxes for the calendar year are payable every year on June 30. The company estimated property taxes for 2017 to be $3,996. I want the reversing entries for those and are they debt or credit. Thank you!
(LO 1, 2) AP Lee Chang opened Lee's Window Washing on July 1, 2021. In July,...
(LO 1, 2) AP Lee Chang opened Lee's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $20,000 cash in the business. 1 Purchased a used truck for $25,000, paying $5,000 cash and signing a note payable for the balance. 1 Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed customers $3,300 for cleaning services. 12 Purchased supplies for $2,100 on account. 18 Paid $3,000 for employee salaries. 25 Billed...
P4.5A (LO 1, 2) AP Lee Chang opened Lee's Window Washing on July 1, 2021. In...
P4.5A (LO 1, 2) AP Lee Chang opened Lee's Window Washing on July 1, 2021. In July, the following transactions were completed: July 1 Invested $20,000 cash in the business. 1 Purchased a used truck for $25,000, paying $5,000 cash and signing a note payable for the balance. 1 Paid $2,800 on a one-year insurance policy, effective July 1. 5 Billed customers $3,300 for cleaning services. 12 Purchased supplies for $2,100 on account. 18 Paid $3,000 for employee salaries. 25...
P3.7A (LO 2, 3) AP Melody Lane Co. provides music lessons to many clients across the...
P3.7A (LO 2, 3) AP Melody Lane Co. provides music lessons to many clients across the city. The following information is available to be used in recording annual adjusting entries at the company's September 30, 2021, year end: Prepare adjusting entries. 1. On October 1, 2020, the company had a balance of $2,080 in its supplies account. Additional supplies were purchased during the year totalling $1,700. The supplies inventory on September 30, 2021, amounts to $810. 2. On November 1,...
P4.5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In...
P4.5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In March, the follow- ing transactions were completed: Mar. 1 Laura invested $10,000 cash in the business. 1 Purchased a used truck for $6,500, paying $1,500 cash and signing a note payable for the balance. 3 Purchased supplies for $1,200 on account. 5 Paid $1,200 on a one-year insurance policy, effective March 1. 12 Billed customers $4,800 for cleaning services. 18 Paid $500 of amount...
P2.6B (LO 2, 3, 4) AP Kiersted Financial Services was formed on November 1, 2021. During...
P2.6B (LO 2, 3, 4) AP Kiersted Financial Services was formed on November 1, 2021. During the month of November, the following events and transactions occurred: Nov. 1 Haakon Kiersted, the owner, invested $35,000 cash in the company. He also invested equipment that had originally cost Haakon $25,000 but was currently worth $12,000. 2 Hired one employee to work in the office for a monthly salary of $2,825. 3 5 6 7 16 20 26 Signed a three-year contract to...
P2.6B (LO 2, 3, 4) AP Kiersted Financial Services was formed on November 1, 2021. During...
P2.6B (LO 2, 3, 4) AP Kiersted Financial Services was formed on November 1, 2021. During the month of November, the following events and transactions occurred: Nov. 1 Haakon Kiersted, the owner, invested $35,000 cash in the company. He also invested equipment that had originally cost Haakon $25,000 but was currently worth $12.000. 2 Hired one employee to work in the office for a monthly salary of $2,825. 4 5 6 7 16 20 26 Signed a three-year contract to...
a) Oriole prepares adjusting entries monthly. Prepare adjusting entries for the month and April 30, 2021...
a) Oriole prepares adjusting entries monthly. Prepare
adjusting entries for the month and April 30, 2021
b) Prepare balance sheet
c) prepare income statement
The unadjusted trial balance for Oriole at its year end, April 30, 2021, is as follows: ORIOLE Trial Balance April 30, 2021 Debit Credit Cash $12,300 Accounts receivable 9,600 Prepaid rent 4,800 Equipment 23,040 Accumulated depreciation-equipment $5,760 Accounts payable 5,700 Notes payable 10,800 Unearned revenue 1,600 T. Muzyka, capital 28,714 T. Muzyka, drawings 4,600 Service revenue...
*E4.20 (LO 6) AP Rosborough Company provides property management services to a variety of companies. At its fiscal year end on April 30, 2021, adjustments were required for the following items: Prepare adjusting and reversing entries. 1. Services of $600 were provided but not recorded or collected. 2. Of the balance in the Unearned Revenue account, $250 of services have been provided. 3. Depreciation expense for the year ended April 30, 2021, was $4,850. 4. Interest of $545 on a...
*E4.20 (LO 6)AP Rosborough Company provides property management services to a variety of companies. At its fiscal year end on April 30, 2021, adjustments were required for the following items: Prepare adjusting and reversing entries 1. Services of $600 were provided but not recorded or collected. 2. Of the balance in the Unearned Revenue account, $250 of services have been provided. 3. Depreciation expense for the year ended April 30, 2021, was $4,850 4. Interest of $545 on a note...
P3.7A (LO 2, 3) AP Melody Lane Co. provides music lessons to many clients across the city. The following information is available to be used in recording annual adjusting entries at the company's September 30, 2021, year end: Prepare adjusting entries. 1. On October 1, 2020, the company had a balance of $2,080 in its supplies account. Additional supplies were purchased during the year totalling $1,700. The supplies inventory on September 30, 2021, amounts to $810. 2. On November 1,...
P4.5B (LO 1, 2) AP Laura Eddy opened Eddy's Carpet Cleaners on March 1, 2021. In March, the follow- ing transactions were completed: Mar. 1 Laura invested $10,000 cash in the business. 1 Purchased a used truck for $6,500, paying $1,500 cash and signing a note payable for the balance. 3 Purchased supplies for $1,200 on account. 5 Paid $1,200 on a one-year insurance policy, effective March 1. 12 Billed customers $4,800 for cleaning services. 18 Paid $500 of amount...
P2.6B (LO 2, 3, 4) AP Kiersted Financial Services was formed on November 1, 2021. During the month of November, the following events and transactions occurred: Nov. 1 Haakon Kiersted, the owner, invested $35,000 cash in the company. He also invested equipment that had originally cost Haakon $25,000 but was currently worth $12,000. 2 Hired one employee to work in the office for a monthly salary of $2,825. 3 5 6 7 16 20 26 Signed a three-year contract to...
P2.6B (LO 2, 3, 4) AP Kiersted Financial Services was formed on November 1, 2021. During the month of November, the following events and transactions occurred: Nov. 1 Haakon Kiersted, the owner, invested $35,000 cash in the company. He also invested equipment that had originally cost Haakon $25,000 but was currently worth $12.000. 2 Hired one employee to work in the office for a monthly salary of $2,825. 4 5 6 7 16 20 26 Signed a three-year contract to...
a) Oriole prepares adjusting entries monthly. Prepare
adjusting entries for the month and April 30, 2021
b) Prepare balance sheet
c) prepare income statement
The unadjusted trial balance for Oriole at its year end, April 30, 2021, is as follows: ORIOLE Trial Balance April 30, 2021 Debit Credit Cash $12,300 Accounts receivable 9,600 Prepaid rent 4,800 Equipment 23,040 Accumulated depreciation-equipment $5,760 Accounts payable 5,700 Notes payable 10,800 Unearned revenue 1,600 T. Muzyka, capital 28,714 T. Muzyka, drawings 4,600 Service revenue...
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