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Trial Balance and Adjusting Entries Photomake, Inc., a commercial photography studio, has just completed its first full year of operations on December 31. The general ledger account balances before year-end adjustments follow. No adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash $2,365 Accounts Payable Accounts Receivable 4180 Unearned Photography Fees 2.860 26.400 Prepaid insurance 3.267 Photography Fees Eamed 37,928 Supplies 4,675 Wages Expense 12,100 Equipment 25.080 Utilities...
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Q on 5 Not complete and out of 10.00P Gestion Preparing Accounting Adjustments Powall Photomake Company, a commercial photography studio, completed its first year of operations on December 31. Account balances before year-end adjustments follow no adjustments have been made to the accounts at any time during the year. Assume that all balances are normal 100 Accounts Payable 4,060 Accounts Receivable 3.800 Unearned Photographers 2.600 Prepaid Rent 12,600 Common 20.000 Prepaid insurance 2.570 Photography Tees Earned 34,450 supplies 4.250 We...
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Trial Balance and Adjusting Entries Deliverall, a mailing service, has just completed its first full year of operations on December 31, 2012. The firm's general ledger account balances before year-end adjustments are given below. No adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash $2,760 Accounts Payable $3,240 Accounts Receivable 6,144 Common Stock 11,436 Prepaid Advertising 2,016 Mailing Fees Earned 103,200 Supplies 7,524 Wages Expense 46,560 Equipment 50,688...
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The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows: 3.04 ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 800 Office Supplies 2,000 Prepaid Insurance 600 Equipment 30,000 Accumulated Depreciation Equipment 5 2,000 Accounts Payable 2,400 Salaries Payable Unearned Revenue 700 Common Stock 15,300 Dividends 5,000 Service Revenue 25,000 Salaries Expense 7,000 Supplies Expense Depreciation Expense-Equipment Insurance Expense Total $ 45,400 $ 45,400 During the 12...
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Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 (The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018 follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a...
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Question: Option #1: Preparing Adjusting Entries in a Worksheet
Following is the unadjusted trial balance o... Option #1: Preparing
Adjusting Entries in a Worksheet Following is the unadjusted trial
balance of Skylar Gaming, Inc. at the end of its first year of
operations, December 31, 20x7: Account Name DR. CR. Cash $71,550
Accounts Receivable $25,200 Supplies $550 Prepaid Insurance $12,000
Equipment $31,750 Accumulated Depreciation-Equipment $4,050
Accounts Payable $6,700 Salaries Payable $0 Unearned Revenue $2,200
Common Stock $45,700 Retained Earnings $23,850...
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E3-25 (similar to) Ques The unadjusted trial balance for Maid Up Company, a cleaning service, is as follows: (Click the icon to view the unadjusted trial balance.) During the 12 months ended December 31, 2018, Maid Up completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the adjusting entries using the letter and December 31 date in the date column. (Record debits first, then credits. Select the explanation on the last line...
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Prepare the journal entries necessary to record the
adjustments at year end. Omit explanations. (Record debits first,
then credits. Exclude explanations from any journal entries)
The folowing hfom OL, Inc. has the Solowing unadjusted account balances as of December 31,2018, the company's yearend l(Clck the icon to view the unadjusted balances) At year end, LOL makes adjusting joumal entries to properly record revenues and expenses. applies to the adjusting journal entries: (Cistk the lon the inlrmation fr he adbasting entrion.)...
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Chapter 3 Adjusting Accounts for a 1 titute poside Following is the unadjusted trial balance for Aloe The Institute pro al balance for Alonzo Institute as of December Institute as of one-on-one training to individuals who pay tuition directly to the business and offers extensa no site locations. Shown after the real holandese tea c h that entries as of December 31. s and offers extension training to is a through that require adjusting P1 P2 P3A ALONRO INSTITUTE Unadjusted...
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Jade Company December 31, 2018 Unadjusted Trial Balance 130,000 25,000 15,000 12,000 100,000 14,000 64,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 35,000 9,000 13,600 12,500 40,000 35,000 65,700 4,000 576,000 1,800 50,000 6,000 64,000 10,000 190,000 50,000 6,000...
Trial Balance and Adjusting Entries Photomake, Inc., a commercial photography studio, has just completed its first full year of operations on December 31. The general ledger account balances before year-end adjustments follow. No adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash $2,365 Accounts Payable Accounts Receivable 4180 Unearned Photography Fees 2.860 26.400 Prepaid insurance 3.267 Photography Fees Eamed 37,928 Supplies 4,675 Wages Expense 12,100 Equipment 25.080 Utilities...
Q on 5 Not complete and out of 10.00P Gestion Preparing Accounting Adjustments Powall Photomake Company, a commercial photography studio, completed its first year of operations on December 31. Account balances before year-end adjustments follow no adjustments have been made to the accounts at any time during the year. Assume that all balances are normal 100 Accounts Payable 4,060 Accounts Receivable 3.800 Unearned Photographers 2.600 Prepaid Rent 12,600 Common 20.000 Prepaid insurance 2.570 Photography Tees Earned 34,450 supplies 4.250 We...
Trial Balance and Adjusting Entries Deliverall, a mailing service, has just completed its first full year of operations on December 31, 2012. The firm's general ledger account balances before year-end adjustments are given below. No adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Cash $2,760 Accounts Payable $3,240 Accounts Receivable 6,144 Common Stock 11,436 Prepaid Advertising 2,016 Mailing Fees Earned 103,200 Supplies 7,524 Wages Expense 46,560 Equipment 50,688...
The unadjusted trial balance for All Mopped Up Company, a cleaning service, is as follows: 3.04 ALL MOPPED UP COMPANY Unadjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 800 Office Supplies 2,000 Prepaid Insurance 600 Equipment 30,000 Accumulated Depreciation Equipment 5 2,000 Accounts Payable 2,400 Salaries Payable Unearned Revenue 700 Common Stock 15,300 Dividends 5,000 Service Revenue 25,000 Salaries Expense 7,000 Supplies Expense Depreciation Expense-Equipment Insurance Expense Total $ 45,400 $ 45,400 During the 12...
Problem 3-3A Preparing adjusting entries, adjusted trial balance, and financial statements LO P1, P2, P3 (The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018 follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a...
E3-25 (similar to) Ques The unadjusted trial balance for Maid Up Company, a cleaning service, is as follows: (Click the icon to view the unadjusted trial balance.) During the 12 months ended December 31, 2018, Maid Up completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the adjusting entries using the letter and December 31 date in the date column. (Record debits first, then credits. Select the explanation on the last line...
Prepare the journal entries necessary to record the
adjustments at year end. Omit explanations. (Record debits first,
then credits. Exclude explanations from any journal entries)
The folowing hfom OL, Inc. has the Solowing unadjusted account balances as of December 31,2018, the company's yearend l(Clck the icon to view the unadjusted balances) At year end, LOL makes adjusting joumal entries to properly record revenues and expenses. applies to the adjusting journal entries: (Cistk the lon the inlrmation fr he adbasting entrion.)...
Chapter 3 Adjusting Accounts for a 1 titute poside Following is the unadjusted trial balance for Aloe The Institute pro al balance for Alonzo Institute as of December Institute as of one-on-one training to individuals who pay tuition directly to the business and offers extensa no site locations. Shown after the real holandese tea c h that entries as of December 31. s and offers extension training to is a through that require adjusting P1 P2 P3A ALONRO INSTITUTE Unadjusted...
Jade Company December 31, 2018 Unadjusted Trial Balance 130,000 25,000 15,000 12,000 100,000 14,000 64,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 35,000 9,000 13,600 12,500 40,000 35,000 65,700 4,000 576,000 1,800 50,000 6,000 64,000 10,000 190,000 50,000 6,000...