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20. Tom Jones started the coffee shop business with $ 300 of office supplies. He has...
22. Calculate the balance in the cash account (4 points). Cash Debit 400 600 Credit 200...
22. Calculate the balance in the cash account (4 points). Cash Debit 400 600 Credit 200 300 23. Complete the trial balance (5 points). Cash Accounts Payable Capital Drawing Revenue Rent Expense 500 100 300 200 600 300 Dudley Company Trial Balance September 30, 2020 Debit Credit Account Cash Accounts Payable Capital Drawing Revenue Rent Expense Total 23. Complete the income statement (5 points) Dudley Company Income Statement For the Month Ended September 30, 2020 Revenue Supplies Expense 200 Utility...
I all of a sudden starting drawing a blank and cannot remember how to complete Statement...
I all of a sudden starting drawing a blank and cannot remember
how to complete Statement of Owner's Equity.
Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
Debit Credit Balance Balance Account Cash 21,805 Accounts Receivable 2,700 Office Supplies 160 Prepaid Insurance 1,100...
Debit Credit Balance Balance Account Cash 21,805 Accounts Receivable 2,700 Office Supplies 160 Prepaid Insurance 1,100 Equipment 8,200 Van 6,000 Accounts Payable 4,400 Wilhelm Kohl, Capital 25,000 Wilhelm Kohl, Drawing 2,900 Service Fees 15,500 Rent Expense 850 Wages Expense 800 Phone Expense 230 Gas and Oil Expense 155 Totals 44,900 44,900 Change in owner's equity: Check My Work All work saved. Rent Expense 850 Wages Expense 800 230 Phone Expense I Gas and Oil Expense 155 Totals 44,900 44,900 Change...
11. Tom Jones invested S 2,000 cash in his coffee shop. Record the journal entry (4...
11. Tom Jones invested S 2,000 cash in his coffee shop. Record the journal entry (4 points). Account Debit Credit 12. Tom Jones paid $ 300 cash for office supplies. Record the journal entry (4 points). Account Debit Credit 13. Tom Jones bought $ 500 office furniture on account. Record the joumal entry (4 points). Account Debit Credit 14. Tom Jones paid $ 200 cash on account from the previous transaction. Record the journal entry (4 points) Account Debit Credit...
At the beginning of September, Selena Cantu started Cantu Wealth Management Consulting, a firm that offers...
At the beginning of September, Selena Cantu started Cantu Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money. On September 30, the accounting records of the business showed the following information Cash Accounts Receivable Office Supplies Office Equipment Accounts Payable Selena Cantu, Capital, September 1, 2019 Fees Income Advertising Expense Salaries Expense Telephone Expense Withdrawals $ 67,400 9, 2ΘΘ 8,000 76, 200 12, 6ΘΘ 54, 600 157, ΘΘΘ 14, 200 33, 200 2,800...
Benner Hair Salon ADJUSTED TRIAL BALANCE March 31, 20.- DEBIT CREDIT ACCOUNT TITLE 1 Cash 4,440.00...
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....
stuck , help me out please Financial Statements Your Company Income Statement For the Year Ended...
stuck , help me out please
Financial Statements Your Company Income Statement For the Year Ended December 31, 2015 Fees Earned Expenses Your Company Balance Sheet December 31, 2015 ASSETS Current Assets Total Expenses Net Income Total Current Assets Property, plant and equipment Your Company Statement of Owners' Equity For the Year Ended December 31, 2015 Total Property, Plant & Equipment Total Assets LIABILITIES & OWNERS EQUITY Current Liabilities Beginning Capital Net Income for the year Less withdrawals Increase in...
please someone help me complete this problem Problem 3.5A Preparing financial statements from T accounts. LO...
please someone help me complete this problem
Problem 3.5A Preparing financial statements from T accounts. LO 3-3, 3-5, 3-6 The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. Transactions: a. Guttery invested $143,000 in cash to start the business. b. Paid $4,300 for the current month's rent. c. Bought office furniture for $15,020 in...
Office Supplies had a beginning balance of $8,000. During the month, purchases of office supplies totaling...
Office Supplies had a beginning balance of $8,000. During the month, purchases of office supplies totaling $2,000 were added to the Office Supplies account. If $3,000 worth of office supplies is still on hand at month-end, what is the proper adjustment? Select one: BALANCE SHEET INCOME STATEMENT STOCKHOLDER'S ASSETS - LIABILITIES EQUITY REVENUE EXPENSE Office Supplies Office Supplies Expense +3.000 +3.000 -3,000 Ob INCOME STATEMENT BALANCE SHEET STOCKHOLDER'S - LIABILITIES EQUITY ASSETS Office Supplies 3.000 REVENUE - EXPENSE Office Supplies...
22. Calculate the balance in the cash account (4 points). Cash Debit 400 600 Credit 200 300 23. Complete the trial balance (5 points). Cash Accounts Payable Capital Drawing Revenue Rent Expense 500 100 300 200 600 300 Dudley Company Trial Balance September 30, 2020 Debit Credit Account Cash Accounts Payable Capital Drawing Revenue Rent Expense Total 23. Complete the income statement (5 points) Dudley Company Income Statement For the Month Ended September 30, 2020 Revenue Supplies Expense 200 Utility...
I all of a sudden starting drawing a blank and cannot remember
how to complete Statement of Owner's Equity.
Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part. Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
Debit Credit Balance Balance Account Cash 21,805 Accounts Receivable 2,700 Office Supplies 160 Prepaid Insurance 1,100 Equipment 8,200 Van 6,000 Accounts Payable 4,400 Wilhelm Kohl, Capital 25,000 Wilhelm Kohl, Drawing 2,900 Service Fees 15,500 Rent Expense 850 Wages Expense 800 Phone Expense 230 Gas and Oil Expense 155 Totals 44,900 44,900 Change in owner's equity: Check My Work All work saved. Rent Expense 850 Wages Expense 800 230 Phone Expense I Gas and Oil Expense 155 Totals 44,900 44,900 Change...
11. Tom Jones invested S 2,000 cash in his coffee shop. Record the journal entry (4 points). Account Debit Credit 12. Tom Jones paid $ 300 cash for office supplies. Record the journal entry (4 points). Account Debit Credit 13. Tom Jones bought $ 500 office furniture on account. Record the joumal entry (4 points). Account Debit Credit 14. Tom Jones paid $ 200 cash on account from the previous transaction. Record the journal entry (4 points) Account Debit Credit...
At the beginning of September, Selena Cantu started Cantu Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money. On September 30, the accounting records of the business showed the following information Cash Accounts Receivable Office Supplies Office Equipment Accounts Payable Selena Cantu, Capital, September 1, 2019 Fees Income Advertising Expense Salaries Expense Telephone Expense Withdrawals $ 67,400 9, 2ΘΘ 8,000 76, 200 12, 6ΘΘ 54, 600 157, ΘΘΘ 14, 200 33, 200 2,800...
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....
stuck , help me out please
Financial Statements Your Company Income Statement For the Year Ended December 31, 2015 Fees Earned Expenses Your Company Balance Sheet December 31, 2015 ASSETS Current Assets Total Expenses Net Income Total Current Assets Property, plant and equipment Your Company Statement of Owners' Equity For the Year Ended December 31, 2015 Total Property, Plant & Equipment Total Assets LIABILITIES & OWNERS EQUITY Current Liabilities Beginning Capital Net Income for the year Less withdrawals Increase in...
please someone help me complete this problem
Problem 3.5A Preparing financial statements from T accounts. LO 3-3, 3-5, 3-6 The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. Transactions: a. Guttery invested $143,000 in cash to start the business. b. Paid $4,300 for the current month's rent. c. Bought office furniture for $15,020 in...
Office Supplies had a beginning balance of $8,000. During the month, purchases of office supplies totaling $2,000 were added to the Office Supplies account. If $3,000 worth of office supplies is still on hand at month-end, what is the proper adjustment? Select one: BALANCE SHEET INCOME STATEMENT STOCKHOLDER'S ASSETS - LIABILITIES EQUITY REVENUE EXPENSE Office Supplies Office Supplies Expense +3.000 +3.000 -3,000 Ob INCOME STATEMENT BALANCE SHEET STOCKHOLDER'S - LIABILITIES EQUITY ASSETS Office Supplies 3.000 REVENUE - EXPENSE Office Supplies...
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