-
The trial balance for McGoo Company appears as follows:
McGoo Company
Trial Balance
December 31, 2020
Cash
$ 300
Accounts Receivable
522
Prepaid Insurance
82
Supplies
180
Equipment
4,000
Accumulated Depreciation - Equipment
$ 600
Accounts Payable
384
Common Stock
1,200
Retained Earnings
1,400
Service Revenue
3,000
Salaries and Wages Expense
1,000
Rent Expense
500
$6,584
$6,584
If, on December 31, 2020 supplies on hand were $50, the
adjusting entry would contain a
Group of answer choices
A)debit to Supplies...
-
The trial balance for Tater Tot Corp appears as follows:
Tater Tot Corp
Trial Balance
December 31, 2020
Cash
$ 300
Accounts Receivable
522
Prepaid Insurance
82
Supplies
180
Equipment
4,000
Accumulated Depreciation - Equipment
$ 600
Accounts Payable
384
Common Stock
1,200
Retained Earnings
1,400
Service Revenue
3,000
Salaries and Wages Expense
1,000
Rent Expense
500
$6,584
$6,584
If as of December 31, 2022, rent of $150 for December had not
been recorded or paid, the adjusting entry would...
-
Multiple Choice Question 221 The ledger account balances for Nash's Trading Post, LLC at December 31, 2022 are as follows: Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $310 524 84 190 4100 610 386 1300 1410 3100 1100 510 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7050 $7420 $6818 $6664 Policy...
-
Question 43 2 pts The trial balance for Black Corporation appears as follows: BLACK CORPORATION Trial Balance December 31, 2025 Cash $300 522 82 180 4,000 $600 384 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries & Wages Expense Rent Expense Totals 1.200 1.400 3,000 1.000 500 $6,584 $6,584 If, on December 31, 2025, supplies on hand were $40, the adjusting entry would contain a credit to Supplies Expense...
-
III View Policies Current Attempt in Progress The ledger account balances for Ringbird, Inc. at December 31, 2022 are as follows Cash $480 672 98 200 4700 730 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 426 1310 1510 5000 2600 1660 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7906 $8250 0 $8334...
-
The trial balance for Sunland Company appears as follows: $300 522 82 Sunland Company Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 180 4000 $600 384 1200 1400 3000 1000 500 $6584 $6584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a:
-
Splish Brothers Inc. reports the following ledger account
balances at June 30, 2022: Cash $1842 Accounts receivable 2898
Inventory 3894 Prepaid rent 96 Equipment 310 Accumulated
depreciation-equipment 66 Accounts payable 906 Unearned rent
revenue 132 Common stock 244 Retained earnings 6730 Service revenue
384 Interest revenue 68 Salaries and wages expense 170 Insurance
expense 88 Assuming that all of the accounts have normal balances,
what are total credits on the company’s trial balance at June 30,
2022?
-
Grantham Corporation reports the following ledger account
balances at June 30, 2022:
Cash
$1,662
Accounts receivable
2,098
Inventory
3,124
Prepaid rent
86
Equipment
300
Accumulated depreciation-equipment
52
Accounts payable
82
Unearned rent revenue
122
Common stock
206
Retained earnings
6,610
Service revenue
368
Interest revenue
56
Salaries and wages expense
160
Insurance expense
66
Assuming that all of the accounts have normal balances, what are
total credits on the company's trial balance at June 30, 2022?
$7,440.
$7,526.
$7,496.
$7,444.
-
Nash's Trading Post, LLC reports the following ledger account
balances at June 30, 2022: Cash $1762 Accounts receivable 2798
Inventory 3724 Prepaid rent 96 Equipment 300 Accumulated
depreciation-equipment 62 Accounts payable 892 Unearned rent
revenue 132 Common stock 216 Retained earnings 6710 Service revenue
378 Interest revenue 66 Salaries and wages expense 170 Insurance
expense 88 Assuming that all of the accounts have normal balances,
what are total credits on the company’s trial balance at June 30,
2022? $8394
-
On December 31, the ledger of Davis Company contained the
following account balances:
Accounts Payable $ 13,600
Fees Income $ 182,000
Accounts Receivable 6,000
Supplies 4,400
Accumulated Depreciation 8,400
Prepaid Rent 62,000
Cash 84,000
Rent Expense 9,200
Depreciation Expense 8,400
Supplies Expense 8,400
Equipment 72,000
Teresa Davis, Capital 120,000
Teresa Davis, Drawing 54,000
Utilities Expense 15,600
All the accounts have normal balances. Prepare the closing
entries for Davis Company On December 31.
*Fee income to income summary, expenses to income...
Multiple Choice Question 221 The ledger account balances for Nash's Trading Post, LLC at December 31, 2022 are as follows: Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $310 524 84 190 4100 610 386 1300 1410 3100 1100 510 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7050 $7420 $6818 $6664 Policy...
Question 43 2 pts The trial balance for Black Corporation appears as follows: BLACK CORPORATION Trial Balance December 31, 2025 Cash $300 522 82 180 4,000 $600 384 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries & Wages Expense Rent Expense Totals 1.200 1.400 3,000 1.000 500 $6,584 $6,584 If, on December 31, 2025, supplies on hand were $40, the adjusting entry would contain a credit to Supplies Expense...
III View Policies Current Attempt in Progress The ledger account balances for Ringbird, Inc. at December 31, 2022 are as follows Cash $480 672 98 200 4700 730 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 426 1310 1510 5000 2600 1660 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7906 $8250 0 $8334...
The trial balance for Sunland Company appears as follows: $300 522 82 Sunland Company Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 180 4000 $600 384 1200 1400 3000 1000 500 $6584 $6584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a: