At December 31, 2021, Crane Company had a five-month, 4%, $99,600 note receivable that was issued...
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At December 31, 2021, Crane Company had a five-month, 4%,
$99,600 note receivable that was issued...
CRANE ENGINEERING Trial Balance December 31, 2021 Debit Credit Cash $8,300 Accounts receivable 6,650 Supplies 5,050...
CRANE ENGINEERING Trial Balance December 31, 2021 Debit Credit Cash $8,300 Accounts receivable 6,650 Supplies 5,050 Prepaid insurance 7,560 Notes receivable 11,500 Equipment 27,400 Accumulated depreciation equipment $8,220 Accounts payable 4,000 H. Duguay, capital 38,240 H. Duguay, drawings 53,500 Service revenue 109,000 Salaries expense 39,500 $159,460 $159,460 Additional information: 1. Services of $10,350 was provided but unrecorded and uncollected as at December 31, 2021. 2. On June 1, the company purchased a one-year insurance policy. 3. Depreciation on the equipment...
Johnstone Controls had the following situations on December 2021. 1. On March 31, 2021, the company...
Johnstone Controls had the following situations on December 2021. 1. On March 31, 2021, the company lent $32,000 to another company. A note was signed with principal and interest at 8% payable on March 31, 2022. 2. On September 30, 2021, the company paid its landlord $22,000 representing rent for the period September 30, 2021, to September 30, 2022. Johnstone debited prepaid rent. 3. Supplies on hand at the end of 2020 totaled $2,570. Additional supplies costing $5,770 were purchased...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing’s 2021 financial statements were issued on April 1, 2022. Accounts receivable $ 98,000 Accounts payable 38,800 9% notes, payable to bank 638,000 Mortgage note payable 1,290,000 Other information: The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 9%, payable at maturity. The mortgage note is...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances Manufacturing's 2021 financial statements were issued on April 1, 2022 $ Accounts receivable Accounts payable 10% notes, payable to bank Mortgage note payable 116,500 44,200 642,000 1,360,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 10%, payable at maturity b. The mortgage...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022. Accounts receivable Accounts payable 10% notes, payable to bank Mortgage note payable $ 94,000 39,000 690,000 1,320,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 10%, payable at maturity. b. The mortgage...
Saved The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of...
Saved The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022 Accounts receivable Accounts payable 12% notes, payable to bank Mortgage note payable $ 95,750 37,600 667,000 1,442,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 12%, payable at maturity b. The...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022. $ Accounts receivable Accounts payable 12% notes, payable to bank Mortgage note payable 99,000 35,400 698,000 1,315,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 12%, payable at maturity. b. The mortgage...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing’s 2021 financial statements were issued on April 1, 2022. Accounts receivable $ 107,000 Accounts payable 36,800 15% notes, payable to bank 630,000 Mortgage note payable 1,460,000 Other information: The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 15%, payable at maturity. The mortgage note is...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022. Accounts receivable Accounts payable 15% notes, payable to bank Mortgage note payable $ 97,250 52,600 618,000 1,334,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 15%, payable at maturity. b. The mortgage...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing’s 2021 financial statements were issued on April 1, 2022. Accounts receivable $ 100,000 Accounts payable 48,400 12% notes, payable to bank 628,000 Mortgage note payable 1,230,000 Other information: The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 12%, payable at maturity. The mortgage note is...
CRANE ENGINEERING Trial Balance December 31, 2021 Debit Credit Cash $8,300 Accounts receivable 6,650 Supplies 5,050 Prepaid insurance 7,560 Notes receivable 11,500 Equipment 27,400 Accumulated depreciation equipment $8,220 Accounts payable 4,000 H. Duguay, capital 38,240 H. Duguay, drawings 53,500 Service revenue 109,000 Salaries expense 39,500 $159,460 $159,460 Additional information: 1. Services of $10,350 was provided but unrecorded and uncollected as at December 31, 2021. 2. On June 1, the company purchased a one-year insurance policy. 3. Depreciation on the equipment...
Johnstone Controls had the following situations on December 2021. 1. On March 31, 2021, the company lent $32,000 to another company. A note was signed with principal and interest at 8% payable on March 31, 2022. 2. On September 30, 2021, the company paid its landlord $22,000 representing rent for the period September 30, 2021, to September 30, 2022. Johnstone debited prepaid rent. 3. Supplies on hand at the end of 2020 totaled $2,570. Additional supplies costing $5,770 were purchased...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances Manufacturing's 2021 financial statements were issued on April 1, 2022 $ Accounts receivable Accounts payable 10% notes, payable to bank Mortgage note payable 116,500 44,200 642,000 1,360,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 10%, payable at maturity b. The mortgage...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022. Accounts receivable Accounts payable 10% notes, payable to bank Mortgage note payable $ 94,000 39,000 690,000 1,320,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 10%, payable at maturity. b. The mortgage...
Saved The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022 Accounts receivable Accounts payable 12% notes, payable to bank Mortgage note payable $ 95,750 37,600 667,000 1,442,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 12%, payable at maturity b. The...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022. $ Accounts receivable Accounts payable 12% notes, payable to bank Mortgage note payable 99,000 35,400 698,000 1,315,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 12%, payable at maturity. b. The mortgage...
The unadjusted trial balance of the Manufacturing Equitable at December 31, 2021, the end of its fiscal year, included the following account balances. Manufacturing's 2021 financial statements were issued on April 1, 2022. Accounts receivable Accounts payable 15% notes, payable to bank Mortgage note payable $ 97,250 52,600 618,000 1,334,000 Other information: a. The bank notes, issued August 1, 2021, are due on July 31, 2022, and pay interest at a rate of 15%, payable at maturity. b. The mortgage...
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