Homework Answers
| Record adjusting entries as shown below: | ||||||
| 1 | ||||||
| Date | General Journal | Debit | Credit | |||
| 31-Oct | Insurance expense (7950-5330) | $2,620 | ||||
| Prepaid insurance | $2,620 | |||||
| (To record insurance expense) | ||||||
| 31-Oct | Supplies expense (2170-650) | $1,520 | ||||
| Supplies | $1,520 | |||||
| (To record supplies expense) | ||||||
| 31-Oct | Depreciation expense - Building | $3,520 | ||||
| Accumulated depreciation - Building | $3,520 | |||||
| (To record depreciation expense) | ||||||
| 31-Oct | Depreciation expense - Equipment | $3,060 | ||||
| Accumulated depreciation - equipment | $3,060 | |||||
| (To record depreciation expense) | ||||||
| 31-Oct | Unearned rent (7590-1970) | $5,620 | ||||
| Rent revenue | $5,620 | |||||
| (To record rent revenue) | ||||||
| 31-Oct | Salaries and wages expense | $3,450 | ||||
| Salaries and wages payable | $3,450 | |||||
| (To record accrued salaries and wages) | ||||||
| 31-Oct | Accounts receivable | $20,240 | ||||
| Fees earned | $20,240 | |||||
| (To record fees earned not billed) | ||||||
| 2 | ||||||
| Prepare adjusted trial balance | ||||||
| Debit | Credit | |||||
| Cash | $4,700 | |||||
| Accounts receivable | $62,890 | 42650+20240 | ||||
| Prepaid insurance | $5,330 | |||||
| Supplies | $650 | |||||
| Land | $125,420 | |||||
| Building | $306,260 | |||||
| Accumulated depreciation - Building | $156,770 | 153250+3520 | ||||
| Equipment | $150,720 | |||||
| Accumulated depreciation - Equipment | $112,210 | 109150+3060 | ||||
| Accounts payable | $13,370 | |||||
| Salaries and wages payable | $3,450 | |||||
| Unearned rent | $1,970 | |||||
| Suzzane emerson, capital | $325,800 | |||||
| Suzzane emerson, drawing | $16,630 | |||||
| Fees earned | $381,670 | |||||
| Rent revenue | $5,620 | |||||
| Salaries and wages expense | $218,860 | 215410+3450 | ||||
| Utilities expense | $47,350 | |||||
| Advertising expense | $25,300 | |||||
| Repairs expense | $19,160 | |||||
| Miscellaneous expense | $6,870 | |||||
| Depreciation expense - Building | $3,520 | |||||
| Depreciation expense - equipment | $3,060 | |||||
| Insurance expense | $2,620 | |||||
| Supplies expense | $1,520 | |||||
| Total | $1,000,860 | $1,000,860 | ||||
Add Answer to:
Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Supplies 4,700 42,650 7,950 2,170 125,420 306,260...
Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 4,580 Accounts Receivable...
Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Balances Credit Balances Cash 4,580 Accounts Receivable 41,540 Prepaid Insurance 7,750 Supplies 2,110 Land 122,160 Building 300,400 Accumulated Depreciation—Building 149,270 Equipment 146,800 Accumulated Depreciation—Equipment 106,320 Accounts Payable 13,030 Unearned Rent 7,390 Suzanne Emerson, Capital 319,400 Suzanne Emerson, Drawing 16,190 Fees Earned 352,050 Salaries and Wages Expense 209,820 Utilities Expense 46,120 Advertising Expense 24,640 Repairs Expense 18,660 Miscellaneous Expense 6,690 947,460 947,460 The data needed to determine year-end adjustments are as follows:...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
SOLVE ADJUSTED TRIAL BALANCE 2 ONLY. the empty boxes are what answers im looking for. Instructions...
SOLVE ADJUSTED TRIAL BALANCE 2 ONLY. the empty boxes are what
answers im looking for.
Instructions Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 2016, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 38,360.00 2 Accounts Receivable 7.320.00 2.390.00 117,000.00 154,900.00 3 Prepaid Insurance Supplies 5 Land 6 Building Accumulated Depreciation-Building • Equipment Accumulated...
Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200...
Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance 6,000 Supplies Land 1,725 50,000 155,750 Building Accumulated Depreciation---Building 62,850 Equipment 45,000 Accumulated Depreciation Equipment 17,650 Accounts Payable 3,750 Unearned Rent Joni Reece, Capital Joni Reece, Drawing 3,600 153,550 8,000 Fees Eamed 158,600 Salaries and Wages Expense 56,850 Land 155,750 Building Accumulated Depreciation-Building S 62,850 45.000 I SA 17,650 Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent 3,750 3,600 Joni...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipment Accounts Payable $4.773 Unearned Rent Revenue Mortgage Payable 3,300 33,600 60,073 9,000 Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense 3,000 800 Advertising Expense 500 $110.746 $110,746 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,840 on...
Credit Debit $6,850 7.000 1,982 3,180 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable...
Credit Debit $6,850 7.000 1,982 3,180 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3. 4....
MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 2,333 Supplies 2,600 Prepaid Insurance...
MOTO HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the rate of $450 per month.
2.
A count of supplies shows $1,070 of unused supplies on May
31.
3.
(a)...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
October 31, 2012 Unadjusted Adjusted Debit Credit Credit Balances Debit Balances Balances Balances Cash 16 16...
October 31, 2012 Unadjusted Adjusted Debit Credit Credit Balances Debit Balances Balances Balances Cash 16 16 38 44 12 10 Accounts Receivable Supplies Prepaid Insurance Land 20 8 26 26 40 40 8 12 26 26 0 2 20 20 Equipment Accumulated Depreciation-Equipment Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Insurance Expense "72 72 8 8 74 80 24 26 8 8 12 Ao Utilities Expense 4 4 0 4 Depreciation Expense...
Credit Cash Debit $6,850 7,000 1,982 3,180 15,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable...
Credit Cash Debit $6,850 7,000 1,982 3,180 15,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
SOLVE ADJUSTED TRIAL BALANCE 2 ONLY. the empty boxes are what
answers im looking for.
Instructions Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 2016, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7.420.00 38,360.00 2 Accounts Receivable 7.320.00 2.390.00 117,000.00 154,900.00 3 Prepaid Insurance Supplies 5 Land 6 Building Accumulated Depreciation-Building • Equipment Accumulated...
Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance 6,000 Supplies Land 1,725 50,000 155,750 Building Accumulated Depreciation---Building 62,850 Equipment 45,000 Accumulated Depreciation Equipment 17,650 Accounts Payable 3,750 Unearned Rent Joni Reece, Capital Joni Reece, Drawing 3,600 153,550 8,000 Fees Eamed 158,600 Salaries and Wages Expense 56,850 Land 155,750 Building Accumulated Depreciation-Building S 62,850 45.000 I SA 17,650 Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent 3,750 3,600 Joni...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipment Accounts Payable $4.773 Unearned Rent Revenue Mortgage Payable 3,300 33,600 60,073 9,000 Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense 3,000 800 Advertising Expense 500 $110.746 $110,746 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,840 on...
Credit Debit $6,850 7.000 1,982 3,180 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3. 4....
MOTO HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the rate of $450 per month.
2.
A count of supplies shows $1,070 of unused supplies on May
31.
3.
(a)...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
October 31, 2012 Unadjusted Adjusted Debit Credit Credit Balances Debit Balances Balances Balances Cash 16 16 38 44 12 10 Accounts Receivable Supplies Prepaid Insurance Land 20 8 26 26 40 40 8 12 26 26 0 2 20 20 Equipment Accumulated Depreciation-Equipment Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Insurance Expense "72 72 8 8 74 80 24 26 8 8 12 Ao Utilities Expense 4 4 0 4 Depreciation Expense...
Credit Cash Debit $6,850 7,000 1,982 3,180 15,000 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
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