can i get some help with these questions please?
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can i get some help with these questions please?
Question Two: (25 Marks: 5 marks each):...
please answer with accordance to the schedule Question Two: (25 Marks: 5 marks each): On September...
please answer with accordance to the schedule
Question Two: (25 Marks: 5 marks each): On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 80 backpacks at $20 each from Hunter, terms 2/10, n/30. Sept. 6 Received credit of $120 for the return of 6 backpacks purchased on Sept. 4 that were defective. Sept. 9...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
Hello I need some helps filling the blanks under the debit and credit lines. Cash Question...
Hello I need some helps filling the blanks under the debit and
credit lines.
Cash Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017. €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Uneared service revenue 11,000 Rent expense Share capital-ordinary 12.000 Salaries and...
AccT 221 SOM pa F-19 Acer 221 Q-5 Me Marlonna. Stephenson EX. 19 On September 1,...
AccT 221 SOM pa F-19 Acer 221 Q-5 Me Marlonna. Stephenson EX. 19 On September 1, Rold Supply had an inventory of 15 backpacks at a cost of $25 each. The company uses a perpetual Inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 70 backpacks at $25 each from Hunter, terms 2/10, 1/30 - 1150 Sept. 6 Received credit of $150 for the return of 6 backpacks purchased on Sept. 4 that were defective ciation...
please answer questions 1-9 Question 1 1 pts The Financial Statement that uses the Basic Accounting...
please answer questions 1-9
Question 1 1 pts The Financial Statement that uses the Basic Accounting Equation is: The Balance Sheet The Income Statement The Statement of Cash Flows All of them Question 2 1 pts Select the journal entry to correctly record services billed to clients. DR Fees Earned; CR Revenue DR Accounts Payable; CR Fees Earned DR Accounts Receivable; CR Cash DR Accounts Receivable; CR Fees Earned Question 3 Which of the following accounts is NOT closed during...
The answer is B, but can you please explain in detail why you debit revenue, and...
The answer is B, but can you please explain in detail why you debit
revenue, and why you credit expense and retained earnings. Thank
you so much I will give good rating for explanation
UUIU UCSI La N AMA | || 1A BI Ube XX? || ALASSES ndate To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Office to Create and Edit Buy Office or sign in to activate Office if you've already bought it. D)...
Can I get some help with this accounting homework? Thanks! Dr. P4-3B The completed financial statement...
Can I get some help with this accounting homework? Thanks!
Dr. P4-3B The completed financial statement columns of the worksheet for Niho Company are shown below. NIHO COMPANY Worksheet For the Year Ended December 31, 2017 Account Income Statement Balance Sheet No. Account Titles Cr. Dr. Cr. 101 Cash 6,200 112 Accounts Receivable 7,500 130 Prepaid Insurance 1,800 157 Equipment 33,000 158 Accumulated Depreciation Equip. 8,600 201 Accounts Payable 11,700 212 Salaries and Wages Payable 3,000 301 Owner's Capital 34,000...
Can I get help writing closing entries from this worksheet? WN 5 Account Title 7 Cash...
Can I get help writing closing entries from this
worksheet?
WN 5 Account Title 7 Cash 8 Accounts Receivable 9 Allowance for Doubtful Accounts 10 Interest Receivable 11 Note Receivable 12 Merchandise Inventory 13 Prepaid Insurance 14 Prepaid Rent 15 Supplies 16 Equipment 17 Accumulated Depreciation - Equipment 18 Accounts Payable 19 Salaries & Wages Payable 20 Unearned Revenue 21 Interest Payable 22 Utilities Payable 23 Note Payable (final payment due 2023) 24 Common Stock 25 Retained Earnings 26 Dividends...
*P3-12 (L03,4,5,9) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Cooke Company has a fiscal year ending...
*P3-12 (L03,4,5,9) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Cooke Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Cooke Co.xls Review View Home Insert Page Layout Formulas Data P18 А B D E 2 COOKE COMPANY 3 3 Worksheet 4 For The Month Ended September 30, 2017 5 Trial Balance Adjusted Trial Balance 6 Account Titles Dr. Cr. Dr. Cr. 7 Cash 37,400 37,400 8 Supplies 18,600 4,200 9...
May I get some help on the incorrect answers. Recording Error Corrections Related to Equipment On...
May I get some help on the incorrect answers.
Recording Error Corrections Related to Equipment On April 1, 2021, the following 2020 errors were discovered after the 2020 financial statements were issued. a. Equipment purchased on January 1, 2020, with a cost of $28,000, salvage value of $1,680, and useful life of 8 years was incorrectly expensed as maintenance cost. The company uses the straight-line method to depreciate all equipment. b. In 2020, fully depreciated equipment with an original cost...
please answer with accordance to the schedule
Question Two: (25 Marks: 5 marks each): On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 80 backpacks at $20 each from Hunter, terms 2/10, n/30. Sept. 6 Received credit of $120 for the return of 6 backpacks purchased on Sept. 4 that were defective. Sept. 9...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
Hello I need some helps filling the blanks under the debit and
credit lines.
Cash Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017. €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Uneared service revenue 11,000 Rent expense Share capital-ordinary 12.000 Salaries and...
AccT 221 SOM pa F-19 Acer 221 Q-5 Me Marlonna. Stephenson EX. 19 On September 1, Rold Supply had an inventory of 15 backpacks at a cost of $25 each. The company uses a perpetual Inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 70 backpacks at $25 each from Hunter, terms 2/10, 1/30 - 1150 Sept. 6 Received credit of $150 for the return of 6 backpacks purchased on Sept. 4 that were defective ciation...
please answer questions 1-9
Question 1 1 pts The Financial Statement that uses the Basic Accounting Equation is: The Balance Sheet The Income Statement The Statement of Cash Flows All of them Question 2 1 pts Select the journal entry to correctly record services billed to clients. DR Fees Earned; CR Revenue DR Accounts Payable; CR Fees Earned DR Accounts Receivable; CR Cash DR Accounts Receivable; CR Fees Earned Question 3 Which of the following accounts is NOT closed during...
The answer is B, but can you please explain in detail why you debit
revenue, and why you credit expense and retained earnings. Thank
you so much I will give good rating for explanation
UUIU UCSI La N AMA | || 1A BI Ube XX? || ALASSES ndate To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Office to Create and Edit Buy Office or sign in to activate Office if you've already bought it. D)...
Can I get some help with this accounting homework? Thanks!
Dr. P4-3B The completed financial statement columns of the worksheet for Niho Company are shown below. NIHO COMPANY Worksheet For the Year Ended December 31, 2017 Account Income Statement Balance Sheet No. Account Titles Cr. Dr. Cr. 101 Cash 6,200 112 Accounts Receivable 7,500 130 Prepaid Insurance 1,800 157 Equipment 33,000 158 Accumulated Depreciation Equip. 8,600 201 Accounts Payable 11,700 212 Salaries and Wages Payable 3,000 301 Owner's Capital 34,000...
Can I get help writing closing entries from this
worksheet?
WN 5 Account Title 7 Cash 8 Accounts Receivable 9 Allowance for Doubtful Accounts 10 Interest Receivable 11 Note Receivable 12 Merchandise Inventory 13 Prepaid Insurance 14 Prepaid Rent 15 Supplies 16 Equipment 17 Accumulated Depreciation - Equipment 18 Accounts Payable 19 Salaries & Wages Payable 20 Unearned Revenue 21 Interest Payable 22 Utilities Payable 23 Note Payable (final payment due 2023) 24 Common Stock 25 Retained Earnings 26 Dividends...
*P3-12 (L03,4,5,9) (Worksheet, Balance Sheet, Adjusting and Closing Entries) Cooke Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Cooke Co.xls Review View Home Insert Page Layout Formulas Data P18 А B D E 2 COOKE COMPANY 3 3 Worksheet 4 For The Month Ended September 30, 2017 5 Trial Balance Adjusted Trial Balance 6 Account Titles Dr. Cr. Dr. Cr. 7 Cash 37,400 37,400 8 Supplies 18,600 4,200 9...
May I get some help on the incorrect answers.
Recording Error Corrections Related to Equipment On April 1, 2021, the following 2020 errors were discovered after the 2020 financial statements were issued. a. Equipment purchased on January 1, 2020, with a cost of $28,000, salvage value of $1,680, and useful life of 8 years was incorrectly expensed as maintenance cost. The company uses the straight-line method to depreciate all equipment. b. In 2020, fully depreciated equipment with an original cost...
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