Homework Answers
| 4 | Income statement |
| 5 | Statement of Owner's equity |
| 6 | General ledger |
| 7 | Balance sheet |
| 8 | Balance sheet |
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Matching Questions 4 - 8. You may use a particular choice more than once. Here are...
1. Cash is a. a current asset b. an asset c.not part of property, plant, and...
1. Cash is a. a current asset b. an asset c.not part of property, plant, and equipment d. all of the above 2. E Co, borrowed $20,000 from the lccal bank. What account should be credited on E Co.'s books? a. notes receivable b. notes payable accounts receivable d. cash 3. Which of the following accourts would not be on the books of a merchandising company? a. accounts receivable b. service revenue c. sales d. cost of goods sold Matching...
Arrange the series of accounting activities listed here for the accounting cycle for a service business....
Arrange the series of accounting activities listed here for the accounting cycle for a service business. Indicate the sequence of the steps by entering a number from 1 to 8 to the left of each activity. (p. 228) Accounting Activity _______ A work sheet, including a trial balance, is prepared from the general ledger. _______ Transactions, from information on source documents, are recorded in a journal. _______ Source documents are checked for accuracy, and transactions are analyzed into debit and credit parts. _______ Adjusting entries...
General journal... 1. fee income to income summary 2. expenses yo income summary 3. net income...
General journal...
1. fee income to income summary
2. expenses yo income summary
3. net income or loss from income summary to capital
4. drawings to capital account
General Ledger. post the closing entries to owner's
capital account
Trial Balance....prepare a post closing trial
balance
Dorsey Company's partial worksheet for the month ended March 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $38,500...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance tab. Information for adjustments is os follows: o. As of December 31, employees had earned $2.000 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.400. c. The notes payable requires an interest payment to be made every three months. The amount...
BE 4-7 Using data in BE4-3,identity the accounts that would be included in a post closing...
BE 4-7 Using data in BE4-3,identity the accounts that would be
included in a post closing trial bala
nts apped Depress and Accounts wrial balance colu coreciation Exper counts Payable. In ompleting the Accounting Cycle elecany: Accuenue, Supp balance sheet Cr., etc.) et Cr, etc.) to when shows BE4-3 The following selected accounts appear in the adjusted tria worksheet for Ashram Company: Accumulated Depreciation, Den Capital Owner's Drawings, Service Revenue, Supplies, and Acco financial statement column (income statement Dr., balance...
Requirements 5-8 Requirements 1-4 are already done in my last questions Page l PRACTICE SET ACCOUNTING...
Requirements 5-8
Requirements 1-4 are already done in my last questions
Page l PRACTICE SET ACCOUNTING 3341 (5133) SPRING 2019 This practice set is intended to refresh your basic accounting skills by requiring you to record summarize, and report the results of a basic set of accounting transactions for a sample company. HOW TO PROCEED Enter the current period transactions in the General Jounal. Use the journal entry number for each Enter the beginning balances as a reference. It is...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800...
Journal entry number one record entry to transfer fees income to income summary. Number to record...
Journal entry
number one record entry to transfer fees income to income summary.
Number to record entry to transfer expenses to income summary.
Number three record entry to transfer net income or net loss from
income summary to Capital. Number for record entry to transfer
drawings to Capital account. General ledger post the closing
entries to the owners capital account. Trial balance prepare a
post-closing trial balance
Danos Company's partial worksheet for the month ended December 31, 2019. is shown...
adjusting Entries, closing entries, general ledger, worksheet, income statement, balance sheet and post closing trial balance...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
how the cash here become 1135? because if you check my trial balance the cash is...
how the cash here become 1135? because if you check my trial
balance the cash is 8810.
and i can I get help in step 8,9?
and I provide u my journal entry
this is the steps 8,9
From the information given above, I have solved 5,6,7 that is Adjusting entries, Trial Balance, Income Statement, Statement of Equity changes and Balance Sheet. Der in the problem Set Depreciation expense General in From 1. Sep 131, Dec formoh T unter est...
1. Cash is a. a current asset b. an asset c.not part of property, plant, and equipment d. all of the above 2. E Co, borrowed $20,000 from the lccal bank. What account should be credited on E Co.'s books? a. notes receivable b. notes payable accounts receivable d. cash 3. Which of the following accourts would not be on the books of a merchandising company? a. accounts receivable b. service revenue c. sales d. cost of goods sold Matching...
Arrange the series of accounting activities listed here for the accounting cycle for a service business. Indicate the sequence of the steps by entering a number from 1 to 8 to the left of each activity. (p. 228) Accounting Activity _______ A work sheet, including a trial balance, is prepared from the general ledger. _______ Transactions, from information on source documents, are recorded in a journal. _______ Source documents are checked for accuracy, and transactions are analyzed into debit and credit parts. _______ Adjusting entries...
General journal...
1. fee income to income summary
2. expenses yo income summary
3. net income or loss from income summary to capital
4. drawings to capital account
General Ledger. post the closing entries to owner's
capital account
Trial Balance....prepare a post closing trial
balance
Dorsey Company's partial worksheet for the month ended March 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $38,500...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance tab. Information for adjustments is os follows: o. As of December 31, employees had earned $2.000 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.400. c. The notes payable requires an interest payment to be made every three months. The amount...
BE 4-7 Using data in BE4-3,identity the accounts that would be
included in a post closing trial bala
nts apped Depress and Accounts wrial balance colu coreciation Exper counts Payable. In ompleting the Accounting Cycle elecany: Accuenue, Supp balance sheet Cr., etc.) et Cr, etc.) to when shows BE4-3 The following selected accounts appear in the adjusted tria worksheet for Ashram Company: Accumulated Depreciation, Den Capital Owner's Drawings, Service Revenue, Supplies, and Acco financial statement column (income statement Dr., balance...
Requirements 5-8
Requirements 1-4 are already done in my last questions
Page l PRACTICE SET ACCOUNTING 3341 (5133) SPRING 2019 This practice set is intended to refresh your basic accounting skills by requiring you to record summarize, and report the results of a basic set of accounting transactions for a sample company. HOW TO PROCEED Enter the current period transactions in the General Jounal. Use the journal entry number for each Enter the beginning balances as a reference. It is...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800...
Journal entry
number one record entry to transfer fees income to income summary.
Number to record entry to transfer expenses to income summary.
Number three record entry to transfer net income or net loss from
income summary to Capital. Number for record entry to transfer
drawings to Capital account. General ledger post the closing
entries to the owners capital account. Trial balance prepare a
post-closing trial balance
Danos Company's partial worksheet for the month ended December 31, 2019. is shown...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
how the cash here become 1135? because if you check my trial
balance the cash is 8810.
and i can I get help in step 8,9?
and I provide u my journal entry
this is the steps 8,9
From the information given above, I have solved 5,6,7 that is Adjusting entries, Trial Balance, Income Statement, Statement of Equity changes and Balance Sheet. Der in the problem Set Depreciation expense General in From 1. Sep 131, Dec formoh T unter est...
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