Homework Answers
Cash balance = Total debits - Total Credits
= 1000 - 500 i.e 500
| Dudley Company | ||
| Trial Balance | ||
| September 30,2020 | ||
| Account | Debit | Credit |
| Cash | 500 | |
| Accounts payable | 100 | |
| Capital | 300 | |
| Drawing | 200 | |
| Revenue | 600 | |
| Rent expense | 300 | |
| Dudley Company | ||
| Income Statement | ||
| For the month ended September 30,2020 | ||
| Revenue | 1000 | |
| Supplies expense | 200 | |
| Utility Expense | 100 | |
| Wage expense | 400 | |
| Total expense | 700 | |
| Net Income | 300 |
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22. Calculate the balance in the cash account (4 points). Cash Debit 400 600 Credit 200...
20. Tom Jones started the coffee shop business with $ 300 of office supplies. He has...
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Make a post-Closing Trial Balance for the following balances. Trial Balance 31-Dec-19 Debit Credit Cash 295...
Make a post-Closing Trial Balance for the following balances.
Trial Balance 31-Dec-19 Debit Credit Cash 295 Land 1180 Railroad 200 Utility Company Mike Retland, Capital 150 1500 Service Revenue 400 Rent Revenue 20 Rent Expense Miscellaneous Expense 45 50 $1,920 $1,920 Adjusted Trial Balance 31-Dec-19 Debit Credit Cash 295 Land 1180 Railroad 200 Utility Company Accumulated Depreciation-Railroads Accumulated Depreciation-Utilities Mike Retland, Capital 150 15 1500 Service Revenue 400 Rent Revenue Rent Expense Miscellaneous Expense 45 50 Depreciation Expense 23 $1,943...
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Make a post-Closing Trial Balance for the following balances.
Trial Balance 31-Dec-19 Debit Credit Cash 295 Land 1180 Railroad 200 Utility Company Mike Retland, Capital 150 1500 Service Revenue 400 Rent Revenue 20 Rent Expense Miscellaneous Expense 45 50 $1,920 $1,920 Adjusted Trial Balance 31-Dec-19 Debit Credit Cash 295 Land 1180 Railroad 200 Utility Company Accumulated Depreciation-Railroads Accumulated Depreciation-Utilities Mike Retland, Capital 150 15 1500 Service Revenue 400 Rent Revenue Rent Expense Miscellaneous Expense 45 50 Depreciation Expense 23 $1,943...
Benner Hair Salon ADJUSTED TRIAL BALANCE March 31, 20.- DEBIT CREDIT ACCOUNT TITLE 1 Cash 4,440.00 150.00 2 Supplies 3 Prepaid Insurance 2,354.00 10,507.00 1,000.00 4 Equipment 5 Accumulated Depreciation Equipment 6 Accounts Payable 240.00 13,449.00 7 A. Benner, Capital 8 A.Benner, Drawing 1,500.00 6,230.00 9 Salon Fees 1,036.00 10 Wages Expense 650.00 11 Rent Expense 12 Utilities Expense 130.00 65.00 13 Repair Expense 87.00 14 Miscellaneous Expenses 20,919.00 20,919.00 15 Totals Data for month-end adjustments are as follows: a....
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