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Tayable 145,250, Cr. Cash 145,250 4) Dr. Notes Payable 140,000, Dr. Interest Expense 5,250, Cr. Cash...
Select the correct dr & cr to record the following event..... You paid $200 cash to...
Select the correct dr & cr to record the following event..... You paid $200 cash to have your delivery van's oil changed and tires rotated. dr. Choose... cr. Choose... Choose... dr. Maint.& Repairs Expense - Delivery Van Select the dr. Delivery Van (asset account) You spent dr. Cash accommod cr. Maint.& Repairs Expense - Delivery Van ny's tow truck and to up dr. cr. Cash Select the correct dr & cr to record the following event..... You spent $4,000 cash...
Unadjusted Adjusted Account Title Trial Balance Adjustments Trial Balance DR CR DR CR DR CR Cash...
Unadjusted
Adjusted
Account Title
Trial Balance
Adjustments
Trial Balance
DR
CR
DR
CR
DR
CR
Cash
67,000
-
Accounts Receivable
530,000
-
Allowance for Doubtful Accounts
8,800
Interest Receivable
-
Merchandise Inventory
242,500
-
Prepaid Insurance
9,000
-
Prepaid Rent
-
Store Supplies
-
-
Office Supplies
4,780
-
Note Receivable
2,500
Store Equipment
110,000
-
Accumulated Depreciation - Store Equipment
-
36,000
Office Equipment
56,000
-
Accumulated Depreciation - Office Equipment
-
-
Accounts Payable
-
48,000
Salaries Payable...
Ms Ji-Yong has not kept proper bookkeeping records, but she has kept notes in a personal...
Ms Ji-Yong has not kept proper bookkeeping records, but she has kept notes in a personal note form of her business transactions as at 31 May 2019. The following transactions relate to financial year ended on 31 May 2018. Bank CR 18 200 Cash DR 1 400 Accounts Receivable and Payable DR 7 800 CR 6 850 Motor Vehicle (Net Depreciation) DR 22 500 Furniture and Fittings at cost DR 16 700 Inventory - 31 May 2018 DR 8 490...
Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cr. Cash 4,200...
Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cr. Cash 4,200 Accounts Receivable 2,800 Supplies 2,200 Equipment 10,560 Accumulated Depreciation-Equipment 1,200 Accounts Payable 2,600 Unearned Service Revenue 600 Common Stock 8,020 Retained Earnings 3,800 Dividends 1,100 Service Revenue 6,100 Salaries and Wages Expense 1,000 Miscellaneous Expense 460 22,320 22,320 Other data: 1. 2. 3. A physical count reveals only $400 of roofing supplies on hand. Depreciation for March is $240. Unearned service revenue amounted to...
As of December 31, Sue Flay's Cakery shows the following account balances (after adjustments): Cash: $15,600...
As of December 31, Sue Flay's Cakery shows the following account balances (after adjustments): Cash: $15,600 Accounts Receivable: $4,900 Inventory: $6,500 Prepaid Rent: $2,700 Equipment (net of Accumulated Depreciation):$94,000 Accounts Payable: $3,600 Unearned Sales Revenue: $3,200 Notes Payable: $19,500 Common Stock: $12,000 Retained Earnings: $55,700 Dividends: $6,500 Sales Revenue: $60,400 Consulting Income: $15,700 Supplies Expense: $8,200 Depreciation Expense: $7,100 Salaries Expense: $18,000 Insurance Expense: $1,500 Telephone Expense: $1,700 Utilities Expense: $3,400 1. Prepare the closing entries for Sue Flay's Cakery...
Simple Solutions purchased a new machine on January 1, 2016 for $62,000. It is expected to...
Simple Solutions purchased a new machine on January 1, 2016 for $62,000. It is expected to have a useful life of 5-years or 24,000 machine hours and a $2,000 salvage value. The company feels the equipment will be used extensively in the early years. a. Calculate the depreciation expense for each of the 5 years, assuming the use of the straight-line method. b. Calculate the depreciation expense for each of the 5 years, assuming the use of an accelerated method...
JPJones Trial Balance December 1, 2018 Acct Description DR CR 100 Cash 405,653 101 Accounts...
JPJones Trial Balance December 1, 2018 Acct Description DR CR 100 Cash 405,653 101 Accounts Receivable 615,000 102 Allowance for Doubtful Accounts 4,600 103 Marketable Securities 18,000 104 Inventory 100,000 105 Prepaid Rent 40,600 106 Prepaid Insurance 38,500 107 Supplies 3,600 125 Equipment 150,000 126 Accumulated Depreciation Equipment 37,500 127 Truck 56,500 128 Accumulated Depreciation Truck 15,875 130 Land 35,000 175 Patents 75,000 201 Accounts Payable...
Exercise 4-22 (Part Level Submission) The adjusted trial balance for Sheridan Company is given below: Cr....
Exercise 4-22 (Part Level Submission) The adjusted trial balance for Sheridan Company is given below: Cr. SHERIDAN COMPANY Trial Balance August 31, 2017 Before Adjustment Dr. Cr. $11,820 8,960 2,820 4,270 15,480 After Adjustment Dr. $11,820 9,490 1,740 2,830 15,480 $3,483 5,570 $4,683 5,570 1,420 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...
69. The following entry was made on March 12 for XYZ Company: Dr: Machinery Cr: ACCounts...
69. The following entry was made on March 12 for XYZ Company: Dr: Machinery Cr: ACCounts Payable For which of the following transactions was this entry made? Answers: a. Payment for purchase of machinery b. Sale of machinery c. Depreciation of machinery d. Purchase of machinery 70. The concept of present value ____________________. Answers: a. can be simply defined as today’s value of a stream of future cash flows b. implies that the value of receiving cash today will be...
etapewa 100 Not Receive Nee Paye N ye 300 Cash Accounts Payable 300 Note Pale product...
etapewa 100 Not Receive Nee Paye N ye 300 Cash Accounts Payable 300 Note Pale product is called te doy het a business and e n om . a patient da copyright 12. The jumalatry to record the payment of an interest-bearing note is 2. debit Cash credit Notes Payable debit Accounts Payable credit Cash c. debit Notes Payable and Interest Expense; credit Cash debit Notes Payable and interest Receivable; credit Cash 13. On December 31. Strike Company has decided...
Select the correct dr & cr to record the following event..... You paid $200 cash to have your delivery van's oil changed and tires rotated. dr. Choose... cr. Choose... Choose... dr. Maint.& Repairs Expense - Delivery Van Select the dr. Delivery Van (asset account) You spent dr. Cash accommod cr. Maint.& Repairs Expense - Delivery Van ny's tow truck and to up dr. cr. Cash Select the correct dr & cr to record the following event..... You spent $4,000 cash...
Unadjusted
Adjusted
Account Title
Trial Balance
Adjustments
Trial Balance
DR
CR
DR
CR
DR
CR
Cash
67,000
-
Accounts Receivable
530,000
-
Allowance for Doubtful Accounts
8,800
Interest Receivable
-
Merchandise Inventory
242,500
-
Prepaid Insurance
9,000
-
Prepaid Rent
-
Store Supplies
-
-
Office Supplies
4,780
-
Note Receivable
2,500
Store Equipment
110,000
-
Accumulated Depreciation - Store Equipment
-
36,000
Office Equipment
56,000
-
Accumulated Depreciation - Office Equipment
-
-
Accounts Payable
-
48,000
Salaries Payable...
Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cr. Cash 4,200 Accounts Receivable 2,800 Supplies 2,200 Equipment 10,560 Accumulated Depreciation-Equipment 1,200 Accounts Payable 2,600 Unearned Service Revenue 600 Common Stock 8,020 Retained Earnings 3,800 Dividends 1,100 Service Revenue 6,100 Salaries and Wages Expense 1,000 Miscellaneous Expense 460 22,320 22,320 Other data: 1. 2. 3. A physical count reveals only $400 of roofing supplies on hand. Depreciation for March is $240. Unearned service revenue amounted to...
Simple Solutions purchased a new machine on January 1, 2016 for $62,000. It is expected to have a useful life of 5-years or 24,000 machine hours and a $2,000 salvage value. The company feels the equipment will be used extensively in the early years. a. Calculate the depreciation expense for each of the 5 years, assuming the use of the straight-line method. b. Calculate the depreciation expense for each of the 5 years, assuming the use of an accelerated method...
Exercise 4-22 (Part Level Submission) The adjusted trial balance for Sheridan Company is given below: Cr. SHERIDAN COMPANY Trial Balance August 31, 2017 Before Adjustment Dr. Cr. $11,820 8,960 2,820 4,270 15,480 After Adjustment Dr. $11,820 9,490 1,740 2,830 15,480 $3,483 5,570 $4,683 5,570 1,420 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...
etapewa 100 Not Receive Nee Paye N ye 300 Cash Accounts Payable 300 Note Pale product is called te doy het a business and e n om . a patient da copyright 12. The jumalatry to record the payment of an interest-bearing note is 2. debit Cash credit Notes Payable debit Accounts Payable credit Cash c. debit Notes Payable and Interest Expense; credit Cash debit Notes Payable and interest Receivable; credit Cash 13. On December 31. Strike Company has decided...
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