Homework Answers
| Accounts | Receivable | Amount $ | |
| 7,480 | |||
| 16,000 | |||
| 14,780 | |||
| Bal. (a) | 8,700 | ||
| (7,480 + 16,000 - 14,780 ) | |||
| 13,230 | (b) | 17,690 | |
| (8700+13230-4240) | |||
| Bal. | 4,240 | ||
| Supplies | Amount $ | ||
| 6,350 | |||
| (c ) | 4,260 | ||
| (3,930 + 6,680 - 6,350 ) | |||
| 6,680 | |||
| Bal. | 3,930 | ||
| 7,040 | |||
| 6,110 | |||
| (d) | 4,860 | ||
| (3,930 + 7,040 - 6,110 ) | |||
| Notes | Payable | Amount $ | |
| 105,200 | |||
| 24,300 | |||
| 45,130 | |||
| Bal.( e. ) | 147,900 | ||
| (105,200 + 45,130 - 24,300 ) | |||
| (f ) | 29,390 | ||
| 27,390 | (149,900 + 27,390 - 147,900 ) | ||
| Bal. | 149,900 | ||
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For the three accounts that follow, fill in the missing amounts (a) through th: Accounts Receivable...
For the three accounts that follow, fill in the missing amounts (a) through (f): Accounts Receivable...
For the three accounts that follow, fill in the missing amounts (a) through (f): Accounts Receivable 7,360 16,500 14,950 Bal. (a) 13,000 (b) Bal. 4,740 Supplies 6,050 6,290 Bal. 3,950 7,530 6,310 Bal. (d) Notes Payable 109,600 24,200 45,160 Bal. (e) 26,800 Bal. 150,000
Question 5 Fill in the missing amounts from the folloving T accounts. Accounts Receivable Aug. 10...
Question 5 Fill in the missing amounts from the folloving T accounts. Accounts Receivable Aug. 10 15 16,80 6,70 Aug. 23 (a) Bal. 8,90 Sept. 5 (b) Sept. 15 8,300 Bal. 4,30 Accounts Payable Aug. 5 (c) 18 3,100 Aug. 29 5,20 Bal. Sept. 12 4,500 7,100 Sept. 23 5,30 Bal. Sales Aug. 10 54,700 Aug. 12 50 15 48,100 Bal. Sept. 12 (f) Sept. 25 40 106,800
calculate the missing amounts and account balances expense and D. (LO4) AP Madison Melnyk has just...
calculate the missing amounts and account balances
expense and D. (LO4) AP Madison Melnyk has just prepared a trial balance for a company and found that the total debits 150 higher than the total credits. Assuming that the account balances in the ledger are correct, give Madison th amples of things that she might have done incorrectly when preparing the trial balance. Tef Exercises 2.1 (LO 1) AP For the three accounts that follow, fill in the missing amounts (a)...
FILL IN MISSING AMOUNTS ASSETS Cash
FILL IN MISSING AMOUNTS ASSETS Cash $10,000 Accounts receivable 100,000 Inventory ----------- Total current assets 220,000 Gross plant and equipment 500,000 Less: accumulated depreciation ----------- Net plant and equipment 375,000 Total assets ----------- LIABILITIES ACCOUNTS PAYABLE $12,000 NOTES PAYABLE $50,000 TOTAL CURRENT LIABILITIES ----------------------------- LONG-TERM DEBT ---------------------------- TOTAL LIABILITIES $190,000 COMMON STOCK ($1 PAR, 1000,000 SHARES) ---------------------------- PAID - IN CAPITAL --------------------------- RETAINED EARNINGS $150,000 TOTAL STOCKHOLDERS EQUITY ------------------------------ TOTAL LIABILITIES AND EQUITY -------------------------------
Liquidity Ratios E 10 The accounts and balances that follow are from the general ledger of...
Liquidity Ratios E 10 The accounts and balances that follow are from the general ledger of Dimaz Company. Compute the (1) working capital Accounts Payable $ 6,640 Accounts Receivable 4,080 Cash 600 Current Portion of Long-Term Debt 4,000 Long-Term Investments 8,320 Marketable Securities 5,040 Merchandise Inventory 10,160 Notes Payable (90 days) 6,000 Notes Payable (2 years) 16,000 Notes Receivable (90 days) 10,400 Notes Receivable (2 years) 8,000 Prepaid Insurance...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
$25 $2 Q1: Compute the missing amount (?) for each company, amounts in millions. Balance sheet...
$25 $2 Q1: Compute the missing amount (?) for each company, amounts in millions. Balance sheet Gilbert Corp Mandy Co. Gurbir Inc. Beginning Assets $80 $ 40 Liabilities $ 43 $1 Share capital 59 $3 Retained earnings ? $ 12 SS Ending Assets ? S 42 $8 Liabilities $ 48 S24 Share capital ? SI Retained earnings ? Income statement Revenues S218 ? S 12 Expenses $ 210 S 152 Net income ? ? Retained Earnings: Beginning retained $28 S...
Post information from the journals in Part 2 to the general ledger and the accounts receivable...
Post information from the journals in Part
2 to the general ledger and the accounts receivable and accounts
payable subsidiary ledgers.
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office...
fill in the red blanks with the answer to fill in the red blanks Click to...
fill
in the red blanks with the answer
to
fill in the red blanks
Click to come the Daten-ellek to s t recent fiscal year, Flounder Computer Consultants post-closing trial balance was as follows: Debit Credit Accounts receivable Supplies $4,390 1,010 500 Accounts payable Unearned service revenue $340 940 3.000 Common stock Retained earnings 1.700 $5.900 $5,000 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Flounder conducted the following transactions during...
fill in the red blanks Click to come the Daten-ellek to s t recent fiscal year,...
fill in the red blanks
Click to come the Daten-ellek to s t recent fiscal year, Flounder Computer Consultants post-closing trial balance was as follows: Debit Credit Accounts receivable Supplies $4,390 1,010 500 Accounts payable Unearned service revenue $340 940 3.000 Common stock Retained earnings 1.700 $5.900 $5,000 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Flounder conducted the following transactions during July 2017, and adjusts its accounts monthly July 1...
For the three accounts that follow, fill in the missing amounts (a) through (f): Accounts Receivable 7,360 16,500 14,950 Bal. (a) 13,000 (b) Bal. 4,740 Supplies 6,050 6,290 Bal. 3,950 7,530 6,310 Bal. (d) Notes Payable 109,600 24,200 45,160 Bal. (e) 26,800 Bal. 150,000
Question 5 Fill in the missing amounts from the folloving T accounts. Accounts Receivable Aug. 10 15 16,80 6,70 Aug. 23 (a) Bal. 8,90 Sept. 5 (b) Sept. 15 8,300 Bal. 4,30 Accounts Payable Aug. 5 (c) 18 3,100 Aug. 29 5,20 Bal. Sept. 12 4,500 7,100 Sept. 23 5,30 Bal. Sales Aug. 10 54,700 Aug. 12 50 15 48,100 Bal. Sept. 12 (f) Sept. 25 40 106,800
calculate the missing amounts and account balances
expense and D. (LO4) AP Madison Melnyk has just prepared a trial balance for a company and found that the total debits 150 higher than the total credits. Assuming that the account balances in the ledger are correct, give Madison th amples of things that she might have done incorrectly when preparing the trial balance. Tef Exercises 2.1 (LO 1) AP For the three accounts that follow, fill in the missing amounts (a)...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
$25 $2 Q1: Compute the missing amount (?) for each company, amounts in millions. Balance sheet Gilbert Corp Mandy Co. Gurbir Inc. Beginning Assets $80 $ 40 Liabilities $ 43 $1 Share capital 59 $3 Retained earnings ? $ 12 SS Ending Assets ? S 42 $8 Liabilities $ 48 S24 Share capital ? SI Retained earnings ? Income statement Revenues S218 ? S 12 Expenses $ 210 S 152 Net income ? ? Retained Earnings: Beginning retained $28 S...
Post information from the journals in Part
2 to the general ledger and the accounts receivable and accounts
payable subsidiary ledgers.
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office...
fill
in the red blanks with the answer
to
fill in the red blanks
Click to come the Daten-ellek to s t recent fiscal year, Flounder Computer Consultants post-closing trial balance was as follows: Debit Credit Accounts receivable Supplies $4,390 1,010 500 Accounts payable Unearned service revenue $340 940 3.000 Common stock Retained earnings 1.700 $5.900 $5,000 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Flounder conducted the following transactions during...
fill in the red blanks
Click to come the Daten-ellek to s t recent fiscal year, Flounder Computer Consultants post-closing trial balance was as follows: Debit Credit Accounts receivable Supplies $4,390 1,010 500 Accounts payable Unearned service revenue $340 940 3.000 Common stock Retained earnings 1.700 $5.900 $5,000 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Flounder conducted the following transactions during July 2017, and adjusts its accounts monthly July 1...
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