#3 Thank you disregard heartstrings and decision case
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#3 Thank you disregard heartstrings and decision case
Heartstrings Music Company Trial Balance February 29, 2018...
#3 disregard Heartstrings and Decision Case Heartstrings Music Company Trial Balance February 29, 2018 Account Cash...
#3 disregard Heartstrings and Decision Case
Heartstrings Music Company Trial Balance February 29, 2018 Account Cash Accounts receivable Inventory Supplies Furniture Accumulated depreciation Accounts payable Salary payable Unearned revenue Notes payable, long term Common stock Retained earnings Dividends Sales revenue Sales returns Cost of goods sold Selling expense General expense Interest Expense Total Trial Balance Debit Credit $6,000 19,000 16,000 1,000 40,000 $8,500 12,000 500 8,000 13,500 5,000 34,000 42,200 165,000 7,400 78,000 22,000 12,500 2.400 $246.500 $246,500 Requirements: R1....
Decision case please Accounting 1 Handouts $12.700 Interest Revenue Merchandise inventory Notes Payable long term Salaries...
Decision case please
Accounting 1 Handouts $12.700 Interest Revenue Merchandise inventory Notes Payable long term Salaries Payable Net Sales Revenue Rent Expense Selling Solaries Expense Administrativel $ 400 Accounts Payable 45,000 Accounts Receivable 54,000 Accumulated Depreciation Equipment 2.800 Fisher, Capital 299,000 Fisher, W a ls 15100 Cash 2.009 Cost of Goods Sold 6.500 Equipment 13.00 interest Payable 2100 Nest Expense Administrativel 1.2 Salaries Expense Celing 4.600 tis Expenseling Uneared Revenue Interest Expense Depreciation Experte Equipment Administrative Utilities Expense (Administrativel Delivery...
1. The Antique Mall completed the following transactions during February 2017: Feb. 3 7 9 10...
1. The Antique Mall completed the following transactions during February 2017: Feb. 3 7 9 10 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. Returned $900 of defective merchandise purchased on February 3. Paid freight bill of $400 on February 3 purchase. Sold merchandise inventory on account for $4,700. Payment terms were 2/15, 1/30. These goods cost the company $2,350 Paid amount owed on credit purchase of February 3, less the return and...
#2 Thank you 1. The Antique Mall completed the following transactions during February 2017: Feb. 3...
#2 Thank you
1. The Antique Mall completed the following transactions during February 2017: Feb. 3 7 9 10 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point Returned $900 of defective merchandise purchased on February 3. Paid freight bill of $400 on February 3 purchase. Sold merchandise inventory on account for $4.700. Payment terms were 2/15, 1/30. These goods cost the company $2,350 Paid amount owed on credit purchase of February 3, less...
Use the following adjusted Trial Balance to answer questions 46-49 FASHION CENTRE LTD. Adjusted Trial Balance...
Use the following adjusted Trial Balance to answer questions 46-49 FASHION CENTRE LTD. Adjusted Trial Balance November 30, 2015 Credit Debit $ 22,000 30,600 25,000 950 1.200 37.000 26.800 Cash.. Accounts receivable Merchandise inventory.. Supplies................ Prepaid insurance .................... Long-term investments.................. Equipment ............. Accumulated depreciation equipment. Accounts payable... Salaries payable............ Interest payable ... Income tax payable ................... Unearned revenue............ Bank loan payable (matures 2018).... Common shares....... Retained earnings Dividends ................. Sales ................. Interest revenue ...................... Sales discounts ....................... Sales returns and...
The adjusted trial balance for China Tea Company at December 31, 2018, is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2018, is presented below: Credit Debit 10,700 152,000 5,200 27,000 320,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation - equipment Accounts payable Notes payable - due in three months Salaries payable in Interest payable Common stock Retained earnings Sales revenue Costs of goods sold Salaries expenses Rent expenses Depreciation expense Interest expense Advertising expense Totals 127,000 32,000 32,000 4,200 1,200 210,000 54,400 420,000 190,000 122,000 17,000 32,000...
Adjusted Trial Balance December 31, 2018 Debit Credit Cash $12,700 Accounts receivable 21,...
Adjusted Trial Balance
December 31, 2018
Debit
Credit
Cash
$12,700
Accounts receivable
21,500
Prepaid insurance
2,500
Inventory
104,500
Supplies
7,100
Land
128,200
Buildings
218,400
Accumulated depreciation—buildings
$92,700
Equipment
$96,300
Accumulated depreciation—equipment
34,000
Accounts payable
61,200
Unearned revenue
8,700
Income tax payable
3,500
Bank loan payable
99,100
Common shares
53,000
Retained earnings
136,300
Sales
1,104,100
Sales returns and allowances
23,800
Sales discounts
15,400
Cost of goods sold
808,000
Administrative expenses
88,900
Selling expenses
39,400
Interest expense
11,600
Interest revenue
2,700
Income...
Sylvia's Music Company uses a perpetual inventory system. The adjusted trial balance of Sylvia's Music Company...
Sylvia's Music Company uses a perpetual inventory system. The adjusted trial balance of Sylvia's Music Company at June 30, 2016, follows: Click the icon to view the adjusted trial balance.) Requirements 1. Prepare Sylvia's multi-step income statement for the year ended June 30, 2016. 2. Journalize Sylvia's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2016 Data Table - X Sylvia's Music Company Adjusted Trial Balance June 30, 2016 Balance Debit Credit 4,200 38,700 17,600 300...
Data Table credit Rachael Rey's Music Company Adjusted Trial Balance June 30, 2018 Balance Account Title...
Data Table credit Rachael Rey's Music Company Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Cash 4,000 Accounts Receivable 38,400 Merchandise Inventory 18,100 Office Supplies 300 Furniture 39,900 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 8,200 13,800 850 7 con Print Done 1 of 2 (2 complete) i Data Table 13,800 850 Accounts Payable Salaries Payable Uneamed Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense 7,500 17,000...
Multiple-Step Income Statement On March 31, 2018, the balances of the accounts appearing in the ledger...
Multiple-Step Income Statement On March 31, 2018, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture wholesaler, are Accounts Receivable $170,000 Inventory 1,013,600 Accumulated Depreciation-Building 722,250 Notes Payable 323,450 Administrative Expenses 531,400 Office Supplies 19,300 Building 2,400,950 Retained Earnings 1,284,250 Cash 170,250 Salaries Payable 8,400 Common Stock 288,000 Sales 6,262,250 ) Cost of Goods Sold 3,986,650 Selling Expenses 739,650 Dividends 182,650 Store Supplies 91,450 Interest Expense 10,500 a. Prepare a multiple-step income statement for...
#3 disregard Heartstrings and Decision Case
Heartstrings Music Company Trial Balance February 29, 2018 Account Cash Accounts receivable Inventory Supplies Furniture Accumulated depreciation Accounts payable Salary payable Unearned revenue Notes payable, long term Common stock Retained earnings Dividends Sales revenue Sales returns Cost of goods sold Selling expense General expense Interest Expense Total Trial Balance Debit Credit $6,000 19,000 16,000 1,000 40,000 $8,500 12,000 500 8,000 13,500 5,000 34,000 42,200 165,000 7,400 78,000 22,000 12,500 2.400 $246.500 $246,500 Requirements: R1....
Decision case please
Accounting 1 Handouts $12.700 Interest Revenue Merchandise inventory Notes Payable long term Salaries Payable Net Sales Revenue Rent Expense Selling Solaries Expense Administrativel $ 400 Accounts Payable 45,000 Accounts Receivable 54,000 Accumulated Depreciation Equipment 2.800 Fisher, Capital 299,000 Fisher, W a ls 15100 Cash 2.009 Cost of Goods Sold 6.500 Equipment 13.00 interest Payable 2100 Nest Expense Administrativel 1.2 Salaries Expense Celing 4.600 tis Expenseling Uneared Revenue Interest Expense Depreciation Experte Equipment Administrative Utilities Expense (Administrativel Delivery...
1. The Antique Mall completed the following transactions during February 2017: Feb. 3 7 9 10 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point. Returned $900 of defective merchandise purchased on February 3. Paid freight bill of $400 on February 3 purchase. Sold merchandise inventory on account for $4,700. Payment terms were 2/15, 1/30. These goods cost the company $2,350 Paid amount owed on credit purchase of February 3, less the return and...
#2 Thank you
1. The Antique Mall completed the following transactions during February 2017: Feb. 3 7 9 10 Purchased $3,300 of merchandise inventory on account under terms 3/10, n/EOM and FOB shipping point Returned $900 of defective merchandise purchased on February 3. Paid freight bill of $400 on February 3 purchase. Sold merchandise inventory on account for $4.700. Payment terms were 2/15, 1/30. These goods cost the company $2,350 Paid amount owed on credit purchase of February 3, less...
Use the following adjusted Trial Balance to answer questions 46-49 FASHION CENTRE LTD. Adjusted Trial Balance November 30, 2015 Credit Debit $ 22,000 30,600 25,000 950 1.200 37.000 26.800 Cash.. Accounts receivable Merchandise inventory.. Supplies................ Prepaid insurance .................... Long-term investments.................. Equipment ............. Accumulated depreciation equipment. Accounts payable... Salaries payable............ Interest payable ... Income tax payable ................... Unearned revenue............ Bank loan payable (matures 2018).... Common shares....... Retained earnings Dividends ................. Sales ................. Interest revenue ...................... Sales discounts ....................... Sales returns and...
The adjusted trial balance for China Tea Company at December 31, 2018, is presented below: Credit Debit 10,700 152,000 5,200 27,000 320,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation - equipment Accounts payable Notes payable - due in three months Salaries payable in Interest payable Common stock Retained earnings Sales revenue Costs of goods sold Salaries expenses Rent expenses Depreciation expense Interest expense Advertising expense Totals 127,000 32,000 32,000 4,200 1,200 210,000 54,400 420,000 190,000 122,000 17,000 32,000...
Adjusted Trial Balance
December 31, 2018
Debit
Credit
Cash
$12,700
Accounts receivable
21,500
Prepaid insurance
2,500
Inventory
104,500
Supplies
7,100
Land
128,200
Buildings
218,400
Accumulated depreciation—buildings
$92,700
Equipment
$96,300
Accumulated depreciation—equipment
34,000
Accounts payable
61,200
Unearned revenue
8,700
Income tax payable
3,500
Bank loan payable
99,100
Common shares
53,000
Retained earnings
136,300
Sales
1,104,100
Sales returns and allowances
23,800
Sales discounts
15,400
Cost of goods sold
808,000
Administrative expenses
88,900
Selling expenses
39,400
Interest expense
11,600
Interest revenue
2,700
Income...
Sylvia's Music Company uses a perpetual inventory system. The adjusted trial balance of Sylvia's Music Company at June 30, 2016, follows: Click the icon to view the adjusted trial balance.) Requirements 1. Prepare Sylvia's multi-step income statement for the year ended June 30, 2016. 2. Journalize Sylvia's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2016 Data Table - X Sylvia's Music Company Adjusted Trial Balance June 30, 2016 Balance Debit Credit 4,200 38,700 17,600 300...
Data Table credit Rachael Rey's Music Company Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Cash 4,000 Accounts Receivable 38,400 Merchandise Inventory 18,100 Office Supplies 300 Furniture 39,900 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 8,200 13,800 850 7 con Print Done 1 of 2 (2 complete) i Data Table 13,800 850 Accounts Payable Salaries Payable Uneamed Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense 7,500 17,000...
Multiple-Step Income Statement On March 31, 2018, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture wholesaler, are Accounts Receivable $170,000 Inventory 1,013,600 Accumulated Depreciation-Building 722,250 Notes Payable 323,450 Administrative Expenses 531,400 Office Supplies 19,300 Building 2,400,950 Retained Earnings 1,284,250 Cash 170,250 Salaries Payable 8,400 Common Stock 288,000 Sales 6,262,250 ) Cost of Goods Sold 3,986,650 Selling Expenses 739,650 Dividends 182,650 Store Supplies 91,450 Interest Expense 10,500 a. Prepare a multiple-step income statement for...
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