Homework Answers
Note - We can close all the entries once we make the adjusting entries. Before adjustment we can not close the ledgers and make the closing entries.
1. Ledgers -
Add Answer to:
30 31 General Journal 32 Date Description(Account Name) Debit Credit 33 1-Jul Cash 60,000 34 Common...
GENERAL LEDGER Account: Date Account: Date GL No: Balance Description PR DR CR GL No: Balance...
GENERAL LEDGER Account: Date Account: Date GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date Description PR GL No: Balance PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance...
GENERAL JOURNAL 1 Page Number Date Description PR Debit Credit GENERAL JOURNAL 2 Page Number Date...
GENERAL JOURNAL 1
Page Number
Date
Description
PR
Debit
Credit
GENERAL JOURNAL 2
Page Number
Date
Description
PR
Debit
Credit
General Ledger
Account
Title:
#_________
Date
Item
PR
Transaction
Balance
balance
Debit
Credit
Debit
Credit
-
14 different tables for the general ledger.
Accounts Receivable Subsidiary Ledger
Name:
#________
Address:
City,
State..
Date
Item
PR
Transaction
Balance
Debit
Credit
Debit
Credit
6 different tables for the accounts receivable subsidiary
ledger
Company Name
Schedule of Accounts
Date
Account...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of insurance) $ 12,000 Jan 4 2013 $ 1.900 Cash Service Revenue (To record service revenue) $ 1,900 Jan 9 2013 $ 850 Advertising Expense Cash (To record advertising expense payment) $ 850 Jan 10 2013 $ 75 Office Supplies Expense Cash To record purchase of office supplies) $ 75 $ 2,725 Jan 14 2013 Cash Service Revenue (To record service revenue) $ 2.725 Jan...
Date Account Titles and Explanation Debit Credit uly 1 Cash 10100 Common Stock 10100 uly 1...
Date Account Titles and Explanation Debit Credit uly 1 Cash 10100 Common Stock 10100 uly 1 Equipment 6720 Cash 1680 Accounts Payable 5040 uly 3 Supplies 760 Accounts Payable 760 uly 5 Prepaid Insurance 1560 Cash 1560 uly 12 Accounts Receivable 3110 Service Revenue 3110 uly 18 Accounts Payable 1260 Cash 1260 uly 20 Salaries and Wages Expense 1680 Cash 1680 uly 21 Cash 1340 Accounts Receivable 1340 uly 25 Accounts Receivable 2100 Service Revenue 2100 uly 31 Maintenance and...
No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue...
No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue 76,000 X 2 March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash 5 September 05 Utilities Payable Cash November 24 Cash Deferred Revenue March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash September 05 Utilities Payable Cash November 24 Cash Deferred Revenue December 30 Dividends Cash Required information...
Item No. Date General journal Debit Credit 1. Jun 30 30 2. 30 3. :36 Present the accounts in th...
Item No. Date General journal Debit Credit 1. Jun 30 30 2. 30 3. :36 Present the accounts in the following order: Assets, Liabilities, Equity, Income and Expenses Roger & Rafa Adjusted Trial Balance as at 30 June 2018 Account Credit M Novak Murray is the sole owner of Roger & Bata, a store that offers tennis racquet stringing service (that involves the use of strings and laboup). The unadjusted trial balance of Roger & Raga as at 30 June...
Part f - Prepare the 4 closing entries for July 31 Page 2 Credit Date Account...
Part f - Prepare the 4 closing entries for July 31 Page 2 Credit Date Account Title and Explanation PR Debit 4. Income Statement- Grindstone Paving Income Statement For the month ended July 31, 2018 Service Revenue $ 5,300 Expenses: Advertising Expense Telephone Expense Salaries Expense Insurance Expense Depreciation Expense Interest Expense Total Expenses $ 600 $ 350 $ 2,900 $ 100 $ 450 $ 75 $ 4,475 Net Income $ 825 5. Statement of Owner's Equity- Grindstone Paving Statement...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,210.00 2 Accounts Receivable 67,660.00 3 Supplies 15,710.00 4 Equipment 111,420.00 5 Accounts Payable 15,920.00 6 Unearned Fees 17,840.00 7 Common Stock 8,500.00 8 Retained Earnings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 14 Miscellaneous Expense 8,200.00 15 Totals 445,330.00 445,330.00 For preparing the adjusting entries, the following data were assembled:...
Prepare the adjusting entries for the information provided General Journal # Date Account name Ref Debit...
Prepare the adjusting entries for the information provided General Journal # Date Account name Ref Debit Credit 1 January 3 Payroll expense $ 110,000 Cash $ 110,000 2 January 3 Inventory $ 55,692 Raw Materials $ 37,128 Shipping expense $ 550 Accounts Pay - Dallas Bike Basics $ 92,820 Cash $ 550 3 January 3 Accounts Rec - Windy City Bikes $ 22,000 Sales $ 22,000 Cost of Goods Sold $ 15,180 Inventory $ 15,180 4 January 7 Cash $...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
GENERAL LEDGER Account: Date Account: Date GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date Description PR GL No: Balance PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance Description PR DR CR Account: Date GL No: Balance...
GENERAL JOURNAL 1
Page Number
Date
Description
PR
Debit
Credit
GENERAL JOURNAL 2
Page Number
Date
Description
PR
Debit
Credit
General Ledger
Account
Title:
#_________
Date
Item
PR
Transaction
Balance
balance
Debit
Credit
Debit
Credit
-
14 different tables for the general ledger.
Accounts Receivable Subsidiary Ledger
Name:
#________
Address:
City,
State..
Date
Item
PR
Transaction
Balance
Debit
Credit
Debit
Credit
6 different tables for the accounts receivable subsidiary
ledger
Company Name
Schedule of Accounts
Date
Account...
Date Account Debit Credit Jan 1 2013 $ 12,000 Prepaid Rent Cash (To record payment of insurance) $ 12,000 Jan 4 2013 $ 1.900 Cash Service Revenue (To record service revenue) $ 1,900 Jan 9 2013 $ 850 Advertising Expense Cash (To record advertising expense payment) $ 850 Jan 10 2013 $ 75 Office Supplies Expense Cash To record purchase of office supplies) $ 75 $ 2,725 Jan 14 2013 Cash Service Revenue (To record service revenue) $ 2.725 Jan...
Date Account Titles and Explanation Debit Credit uly 1 Cash 10100 Common Stock 10100 uly 1 Equipment 6720 Cash 1680 Accounts Payable 5040 uly 3 Supplies 760 Accounts Payable 760 uly 5 Prepaid Insurance 1560 Cash 1560 uly 12 Accounts Receivable 3110 Service Revenue 3110 uly 18 Accounts Payable 1260 Cash 1260 uly 20 Salaries and Wages Expense 1680 Cash 1680 uly 21 Cash 1340 Accounts Receivable 1340 uly 25 Accounts Receivable 2100 Service Revenue 2100 uly 31 Maintenance and...
No Date General Journal Debit Credit 1 January 24 Cash 15,000 60,000 Accounts Receivable Service Revenue 76,000 X 2 March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash 5 September 05 Utilities Payable Cash November 24 Cash Deferred Revenue March 13 48,000 Cash Accounts Receivable 48,000 May 06 Cash Common Stock June 30 Salaries Expense Cash September 05 Utilities Payable Cash November 24 Cash Deferred Revenue December 30 Dividends Cash Required information...
Item No. Date General journal Debit Credit 1. Jun 30 30 2. 30 3. :36 Present the accounts in the following order: Assets, Liabilities, Equity, Income and Expenses Roger & Rafa Adjusted Trial Balance as at 30 June 2018 Account Credit M Novak Murray is the sole owner of Roger & Bata, a store that offers tennis racquet stringing service (that involves the use of strings and laboup). The unadjusted trial balance of Roger & Raga as at 30 June...
Part f - Prepare the 4 closing entries for July 31 Page 2 Credit Date Account Title and Explanation PR Debit 4. Income Statement- Grindstone Paving Income Statement For the month ended July 31, 2018 Service Revenue $ 5,300 Expenses: Advertising Expense Telephone Expense Salaries Expense Insurance Expense Depreciation Expense Interest Expense Total Expenses $ 600 $ 350 $ 2,900 $ 100 $ 450 $ 75 $ 4,475 Net Income $ 825 5. Statement of Owner's Equity- Grindstone Paving Statement...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,210.00 2 Accounts Receivable 67,660.00 3 Supplies 15,710.00 4 Equipment 111,420.00 5 Accounts Payable 15,920.00 6 Unearned Fees 17,840.00 7 Common Stock 8,500.00 8 Retained Earnings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 14 Miscellaneous Expense 8,200.00 15 Totals 445,330.00 445,330.00 For preparing the adjusting entries, the following data were assembled:...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
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