Homework Answers
| Date | Accounts and Explanation | Debit | Credit |
| Sep 30 | Service Revenue | 550,000 | |
| Interest Income | 4,000 | ||
| Income Summary | 554,000 | ||
| Sep 30 | Income Summary | 526,000 | |
| Salaries Expense | 376,000 | ||
| Repairs and Maintenance Expense | 95,000 | ||
| Insurance Expense | 7,000 | ||
| Depreciation Expense | 43,000 | ||
| Income Tax Expense | 5,000 | ||
| (To record close of expenses account) | |||
| Sep 30 | Income Summary | 28,000 | |
| Retained Earnings | 28,000 | ||
| Sep 30 | Retained Earnings | 50,000 | |
| Dividends | 50,000 | ||
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The adjusted trial balance for Roundhouse Holding Ltd. as at September 30, 2021, was as follows:...
The adjusted trial balance for Morrison Services Ltd, at July 31, 2018 is as follows: Morrison...
The adjusted trial balance for Morrison Services Ltd, at July 31, 2018 is as follows: Morrison Services Ltd. Adjusted Trial Balance July 31, 2018 Credit Cash Debit $7,490 19,875 Accounts receivable Supplies 3,460 Prepaid insurance 3,620 Equipment 25,300 Accumulated depreciation-equipment $5,785 Accounts payable 2,820 Salaries payable 2,190 Interest payable 1,290 1,190 Rent payable Income tax payable 1,450 Unearned revenue 510 24,500 Bank loan payable, due 2021 4,870 Common shares 5,250 Retained earnings 530 Retained earnings Dividends declared Service revenue Salaries...
Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30...
Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are pre WILDHORSE COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Balance Trial Balance Credit Debit Debit 39,760 20,960 31,900 87,720 127,720 Credit Cash 39,760 4,161 4,265 87,720 127,720 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2020 Dividends Service Revenue 38,560 16,960 3,310 54,720 117,420 2,000 40,850...
Data Table Lemontree Rental Company Trial Balance Worksheet June 30, 2018 Adjusted Trial Trial Balance Balance...
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CARLA VISTA CO. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,700 Accounts Receivable...
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Prepare an adjusted trial balance at September 30, 2018. Is the Retained Earnings balance of $99,770...
Prepare an adjusted trial balance at September 30, 2018.
Is the Retained Earnings balance of $99,770 the amount that
would be reported on the balance sheet as of September 30, 2018?
TIP: The company did not declare a dividend during 2018, but it did
earn net income.
Yes
No
Required information [The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30,...
Problem 3-3A Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. EVERETT CO....
Problem 3-3A Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. EVERETT CO. Trial Balance September 30, 2015 Unadjusted Adjustecd $ 8,731 11,562 655 1,150 10,396 1,545 2,160 18,260 Accounts Recevable Prepaid Rent $0 9,400 2,507 $664 9,400 2,507 712 Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Common Stock 1,874 21,860 21,860 1,649 17,501 1,366 18,667 2,166...
The adjusted trial balance for Sandhill Company, owned by D. Sandhill, are as follows: SANDHILL COMPANY...
The adjusted trial balance for Sandhill Company, owned by D. Sandhill, are as follows: SANDHILL COMPANY Adjusted Trial Balance December 31, 2021 Adjusted Trial Balance Dr. Cr. Account No. 101 112 126 $4,500 11,600 1,700 700 27,200 157 158 200 212 230 301 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Sandhill, capital D. Sandhill, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense...
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September...
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,500 Accounts Receivable 7,760 Prepaid Rent 2,080 Equipment 22,950 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 21,000 Retained Earnings 7,250 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 10,560 Rent Expense 800 Depreciation Expense 600 Interest Expense Interest Payable Totals 59,180 59,180 30...
list of accounts Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
The adjusted trial balance for Morrison Services Ltd, at July 31, 2018 is as follows: Morrison Services Ltd. Adjusted Trial Balance July 31, 2018 Credit Cash Debit $7,490 19,875 Accounts receivable Supplies 3,460 Prepaid insurance 3,620 Equipment 25,300 Accumulated depreciation-equipment $5,785 Accounts payable 2,820 Salaries payable 2,190 Interest payable 1,290 1,190 Rent payable Income tax payable 1,450 Unearned revenue 510 24,500 Bank loan payable, due 2021 4,870 Common shares 5,250 Retained earnings 530 Retained earnings Dividends declared Service revenue Salaries...
Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are pre WILDHORSE COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Balance Trial Balance Credit Debit Debit 39,760 20,960 31,900 87,720 127,720 Credit Cash 39,760 4,161 4,265 87,720 127,720 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2020 Dividends Service Revenue 38,560 16,960 3,310 54,720 117,420 2,000 40,850...
Data Table Lemontree Rental Company Trial Balance Worksheet June 30, 2018 Adjusted Trial Trial Balance Balance Account Debit Credit Debit Credit Cash $ 9,000 9,000 Accounts receivable 6,000 6,860 Interest receivable 500 Note receivable 3,900 3,900 Supplies 1,600 300 Prepaid insurance 2,600 1,400 Building 67,000 67,000 Accumulated depreciation—building $ 8,200 $ 9,300 Accounts payable 7,300 7,300 Wages payable 810 Unearned rental revenue 2,100 1,700 Common stock 15,000 15,000 Retained earnings 40,900 40,900 Dividends 3,800 3,800 Rental revenue 22,600 23,860 Interest...
CARLA VISTA CO. Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,700 Accounts Receivable 10,500 Supplies 1,450 Prepaid Rent 2,150 Equipment 18,800 Accumulated Depreciation-Equipment $ 0 Notes Payable 9,900 Accounts Payable 2,500 Salaries and Wages Payable 0 Interest Payable 0 Unearned Rent Revenue 1,950 Owner's Capital Owner's Drawings 22,100 1,550 Service Revenue Rent Revenue 16,750 Salaries and Wages Expense 1,440 Rent Expense 8,100 Depreciation Expense 1,850 Adjusted Dr. Cr. $ 8,700 11,500 600 1,200 18,800 $ 700 9,900...
Prepare an adjusted trial balance at September 30, 2018.
Is the Retained Earnings balance of $99,770 the amount that
would be reported on the balance sheet as of September 30, 2018?
TIP: The company did not declare a dividend during 2018, but it did
earn net income.
Yes
No
Required information [The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30,...
Problem 3-3A Everett Co. was organized on July 1, 2015. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. EVERETT CO. Trial Balance September 30, 2015 Unadjusted Adjustecd $ 8,731 11,562 655 1,150 10,396 1,545 2,160 18,260 Accounts Recevable Prepaid Rent $0 9,400 2,507 $664 9,400 2,507 712 Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Common Stock 1,874 21,860 21,860 1,649 17,501 1,366 18,667 2,166...
The adjusted trial balance for Sandhill Company, owned by D. Sandhill, are as follows: SANDHILL COMPANY Adjusted Trial Balance December 31, 2021 Adjusted Trial Balance Dr. Cr. Account No. 101 112 126 $4,500 11,600 1,700 700 27,200 157 158 200 212 230 301 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Sandhill, capital D. Sandhill, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense...
This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,500 Accounts Receivable 7,760 Prepaid Rent 2,080 Equipment 22,950 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 21,000 Retained Earnings 7,250 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 10,560 Rent Expense 800 Depreciation Expense 600 Interest Expense Interest Payable Totals 59,180 59,180 30...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
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