Homework Answers
19.
| Accounts | Debit | Credit |
| Accounts receivable | $800 | |
| Service revenue | $800 |
Option d. is correct answer.
20. Insurance expense for the year = Prepaid insurance expired = $1,300
Option c. is correct answer.
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Question 19 5 pts If services for $800 had been performed but not billed by year-...
a. As of December 31, Greavy had performed $500 of service revenue but has not yet...
a. As of December 31, Greavy had performed $500 of service revenue but has not yet billed customers. At the end of the month, Greavy had $700 of office supplies remaining. c. Prepaid Insurance of $3,900 remained. d. Depreciation expense, $4,000. e. Accrued salaries expense of $200 that hasn't been paid yet. Unadjusted Trial Balance Debit Credit Adjusted Trial Balance Adjustments Account Names Debit Credit | Debit Credit Cash 4,300 5,900 1,900 4,550 30,000 7,600 3,600 Accounts Receivable Office Supplies...
cant find c,b, b,c and the totals Homework: Comprehensive Problem Score: 40.87 of 100 pts Comp4-1...
cant find c,b,
b,c and the totals
Homework: Comprehensive Problem Score: 40.87 of 100 pts Comp4-1 (similar to) Manning Delivery Service completed the following transactions during December 2018 (Click the icon to view the transactions.) Read the requirements Credit Credit Debit Credit Debit Credit Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Debit 26,850 2,650 (1) 1,550 Debit 26,850 1,100 800 1,800 16,000 1,650 16,000 Truck 190 (a) 1,700 1,700 Acc. Dep. --Truck Accounts Payable Salaries Payable Unearned Revenue...
8- SELECT THE BEST ANSWER Mary Richardo has performed $550 of CPA services for a client...
8- SELECT THE BEST ANSWER Mary Richardo has performed $550 of CPA services for a client but has not billed the client as of the end of the accounting period. What adjusting entry must Mary make? Debit Unearned Service Revenue and credit Service Revenue Debit Cash and credit Unearned Service Revenue Debit Accounts Receivable and credit Unearned Service Revenue Debit Accounts Receivable and credit Service Revenue 9- Employees at Cheyenne Corp. are paid $13200 cash every Friday for working Monday...
Question 1 3.5 pts On May 17, Buckeye Corporation performed $800 of services for Betty DeRose,...
Question 1 3.5 pts On May 17, Buckeye Corporation performed $800 of services for Betty DeRose, a customer. Betty paid for one-half of the bill on May 17 and agreed to pay the remainder within 30 days. On June 9, Betty paid the remaining amount owed Which of the following journal entries would Buckeye Corporation make on June 9? debit accounts receivable $400 and credit cash $400 debit cash $400 and credit service revenue $400 debit accounts payable $400 and...
Blum Services has the following unadjusted balances at year-end. Cash $12,900 Prepaid insurance 2,000 Office supplies...
Blum Services has the following unadjusted balances at year-end. Cash $12,900 Prepaid insurance 2,000 Office supplies 1,300 Office equipment 10,500 Accumulated depreciation–office equipment 3,500 Accounts payable 2,900 Salaries payable -0- Unearned service revenue 4,500 A.L.Blum, capital 11,750 A.L.Blum, drawing 5,600 Service revenue 13,350 Salary expense 3,700 Depreciation expense -0- Supplies expense -0- Insurance expense -0- The following information is available to use in making adjusting entries. a. Office supplies on hand at year-end: $250 b. Prepaid insurance expired during the...
PRALIL for each of the following independent situations Compute the amounts indicated for each of th....
PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600...
multiple-choice questions Financial Accounting for Business about ( Accrual Accounting) 6)On February 1, 20x1 the Abdoll...
multiple-choice questions Financial Accounting for Business about ( Accrual Accounting) 6)On February 1, 20x1 the Abdoll business paid Fraser $13481 cash to complete a renovation on their property starting in May 20x1 and ending August 31, 20x1. Both parties agreed to the work being completed in equal parts over the summer. Fraser’s year-end is June 30, 20x1. Assuming the initial entry made on February 1, 20x1 by Fraser was a credit of $13481 to revenue, the following adjusting entry is...
Galaxy Theater Production Company's partially completed worksheet as of December 31, 2018 and adjustment data at...
Galaxy Theater Production Company's partially completed worksheet as of December 31, 2018 and adjustment data at December 31 follow Click the icon to view the partially completed worksheet.) (Click the icon to view the adjustment data.) Read the requirements. Requirement 1. Complete the worksheet. Use letters a through e to label the five adjustments. The account names and unadjusted trial balance amounts as provided in the question have been entered into the worksheet for you. Finish the partial worksheet by...
Mathews Company receives $1,500 on December 1 of the current year for services to be performed...
Mathews Company receives $1,500 on December 1 of the current year for services to be performed equally over the next 3 months. Assuming Mathews records deferred revenues using the alternative treatment, what would be the entry on December 1? O A. Debit Cash and credit Unearned Revenue for $1,500. B. Debit Cash and credit Unearned Revenue for $1,000. C. Debit Cash and credit Service Revenue for $500. OD. Debit Cash and credit Service Revenue for $1,500,
End of year condensed worksheet for Amoss Company as of December 31. Additional Information and/or entries...
End of year condensed worksheet for Amoss Company as of December 31. Additional Information and/or entries to be adjusted: a. Prepaid insurance is for a two-year theft policy dated July 1. b. The ending inventory balance is $300. c. The building is using the straight-line method with a useful life of 30 years and no salvage value. d. The balance in Unearned Consulting Revenue pertains to a contract sold on September 1, to provide service to a client for one...
a. As of December 31, Greavy had performed $500 of service revenue but has not yet billed customers. At the end of the month, Greavy had $700 of office supplies remaining. c. Prepaid Insurance of $3,900 remained. d. Depreciation expense, $4,000. e. Accrued salaries expense of $200 that hasn't been paid yet. Unadjusted Trial Balance Debit Credit Adjusted Trial Balance Adjustments Account Names Debit Credit | Debit Credit Cash 4,300 5,900 1,900 4,550 30,000 7,600 3,600 Accounts Receivable Office Supplies...
cant find c,b,
b,c and the totals
Homework: Comprehensive Problem Score: 40.87 of 100 pts Comp4-1 (similar to) Manning Delivery Service completed the following transactions during December 2018 (Click the icon to view the transactions.) Read the requirements Credit Credit Debit Credit Debit Credit Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Debit 26,850 2,650 (1) 1,550 Debit 26,850 1,100 800 1,800 16,000 1,650 16,000 Truck 190 (a) 1,700 1,700 Acc. Dep. --Truck Accounts Payable Salaries Payable Unearned Revenue...
8- SELECT THE BEST ANSWER Mary Richardo has performed $550 of CPA services for a client but has not billed the client as of the end of the accounting period. What adjusting entry must Mary make? Debit Unearned Service Revenue and credit Service Revenue Debit Cash and credit Unearned Service Revenue Debit Accounts Receivable and credit Unearned Service Revenue Debit Accounts Receivable and credit Service Revenue 9- Employees at Cheyenne Corp. are paid $13200 cash every Friday for working Monday...
Question 1 3.5 pts On May 17, Buckeye Corporation performed $800 of services for Betty DeRose, a customer. Betty paid for one-half of the bill on May 17 and agreed to pay the remainder within 30 days. On June 9, Betty paid the remaining amount owed Which of the following journal entries would Buckeye Corporation make on June 9? debit accounts receivable $400 and credit cash $400 debit cash $400 and credit service revenue $400 debit accounts payable $400 and...
PRALIL for each of the following independent situations Compute the amounts indicated for each of th. Situation A B 1 ? $1.300 $600 $3,300 $2.500 54 300 52.600 Beginning prepaid insurance balance Cash payments for insurance during the year Ending prepaid insurance balance Insurance expense on the income statement $600 $1,400 $2,600 $4,250 $1,700 $1,150 ? ed account balances and adjustment data are for Global Advertising. on Dec.31: PRACTICE QUESTION 2 The following unadjusted account balances a $14,000 15,500 1,600...
Galaxy Theater Production Company's partially completed worksheet as of December 31, 2018 and adjustment data at December 31 follow Click the icon to view the partially completed worksheet.) (Click the icon to view the adjustment data.) Read the requirements. Requirement 1. Complete the worksheet. Use letters a through e to label the five adjustments. The account names and unadjusted trial balance amounts as provided in the question have been entered into the worksheet for you. Finish the partial worksheet by...
Mathews Company receives $1,500 on December 1 of the current year for services to be performed equally over the next 3 months. Assuming Mathews records deferred revenues using the alternative treatment, what would be the entry on December 1? O A. Debit Cash and credit Unearned Revenue for $1,500. B. Debit Cash and credit Unearned Revenue for $1,000. C. Debit Cash and credit Service Revenue for $500. OD. Debit Cash and credit Service Revenue for $1,500,
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