Transaction | Asset | Liabilities | Stock Holder's Equity | Revenue | Expense | Net Income | |
a. | 4500 | 4500 | 4500 | 4500 | |||
b. | -990 | -990 | 990 | -990 | (=1320*9/12) | ||
c. | 5160 | -5160 | 5160 | -5160 | (258000*12%*2/12) | ||
d. | -720 | 720 | 720 | 720 | (4320/6) | ||
e. | -22000 | -22000 | 22000 | -22000 | |||
f. | -52,800 | -54200 | 54200 | -54200 | (18400+47400-11600) | ||
g. | 4600 | -4600 | 4600 | -4600 |
John's Bout Yard, Inc. repairs, stores, and chans boats for customers. It is completing the accounting...
Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available a Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service for $3,400. b. On October 1, Johnson's paid $1,680 to the...
Question 14 Johnson’s boat Yard, Inc, repairs, store, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transaction for the past year have been journalized and posted. The following data will respect to adjusting entries at year-end are available. Johnson’s winterized (clean and covered) three boats for customers at the end of November but did not record the service for $3,300. On Oct 1, Johnson’s paid $2,200 to the...
Question 14 Johnson’s boat Yard, Inc, repairs, store, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transaction for the past year have been journalized and posted. The following data will respect to adjusting entries at year-end are available. a. Johnson’s winterized (clean and covered) three boats for customers at the end of November but did not record the service for $3,300. b. On Oct 1, Johnson’s paid $2,200...
Required information (The following information applies to the questions displayed below.] Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available: a. Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service...
Required Information The following information applies to the questions displayed below) Johnson's Boat Yard, Inc., repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November 30. The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year-end are available: a. Johnson's winterized (cleaned and covered) three boats for customers at the end of November but did not record the service...
Homework#12-ACCRUED REVENUES-COMPREHENSIVE QUESTION: Boat Yard Inc. repairs, cleans, and stores boats for customers. They are preparing monthly financial statements for November 30, 2018 using accrual accounting. On November 30, the Boat Yard cleaned three boats but did not record the service fees of $33,300, paid $2,400 cash for a radio ad to air in January 2019, the inventory count showed usage of $18,900 in boat supplies, and wage expenses were $4,000. Instructions: A. What is the adjusting entry to accrued...
Journal entry worksheet < 1 2 3 4 5 6 7 Johnson's used boat-lifting equipment that cost $180,000; $18,000 was the estimated depreciation for current year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 Boat repair supplies on hand at the beginning of the current year totaled $18,900. Repair supplies purchased and debited to Supplies during the year amounted to $45,200....
Tucker Boats began business on September 1, 2013, ...Tucker Boats has adopted a September 30 as fiscal year end, just in time to stock new merchandise. On September 1, Joe ...hired a recent graduate, Henry Webster. In the next few days of September, he rented a sales office, boat garage, and lot space. The store is open Monday through Saturday and Joe is there all six days. Henry works 8 hours per day, Monday through Friday. Both Henry and Joe...
Trotman’s Variety Store is completing the accounting process for the current year just ended, December 31. The transactions during the year have been journalized and posted. The following data with respect to adjusting entries are available: Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to $4,600. The last payroll was December 28; the next payroll will be January 6. Office supplies on hand at January 1 of the current year totaled $600. Office supplies purchased...
Dittman's Variety Store is completing the accounting process for the current year just ended, December 31. The transactions during year have been journalized and posted. The following data with respect to adjusting entries are available: a. Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to $3,100. The last payroll was December 28; the next payroll will be January 6. b. Office supplies on hand at January 1 of the current year totaled totaled $530. Office...