Homework Answers
Answer
· Requirement asked
|
Trial Balance |
||
|
for the month ended 30 June, 2021 |
||
|
Accounts title |
Debit |
Credit |
|
Cash |
$8,500 |
|
|
Account receivables |
$10,850 |
|
|
Prepaid Expenses |
$3,200 |
|
|
Supplies |
$5,300 |
|
|
Land |
$67,800 |
|
|
Equipment |
$19,350 |
|
|
Accounts Payable |
$13,300 |
|
|
Notes Payable |
$31,800 |
|
|
J Saggin, Capital |
$29,700 |
|
|
J Saggit, Drawings |
$12,700 |
|
|
Service Revenue |
$66,810 |
|
|
Interest Expense |
$530 |
|
|
Rent Expense |
$4,800 |
|
|
Salaries expense |
$8,000 |
|
|
Utilities expense |
$580 |
|
|
Total |
$141,610 |
$141,610 |
Add Answer to:
Current Attempt in Progress The following is an alphabetical list of accounts and balances for J....
BUL MUURE CUISILLE JA owing is an alphabetical list of accounts and balances for J. Saggit,...
BUL MUURE CUISILLE JA owing is an alphabetical list of accounts and balances for J. Saggit, proprietor $12,500 12.9A (LO 4) AP The following is an alphabetical ship, at June 30, 2021: Accounts Payable Accounts Receivable 10,250 Cash Equipment Interest Expense J. Saggit, Capital J. Saggit, Drawings 12,000 Land 64,000 8,000 18,250 Notes Payable $30,000 Prepaid Expenses de 3,000 Rent Expense 4,500 Salaries Expense 7,500 Service Revenue 63,050 Supplies Bruns 5,000 Utilities Expense o 550 500 13 Instructions sorting each...
Current Attempt in Progress Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical...
Current Attempt in Progress Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, July 31, 2018: Accounts payable $2,880 Interest expense $1,410 Accounts receivable 19,925 Interest payable 1,320 Accumulated depreciation-equipment 5,715 Prepaid insurance 3,600 Bank loan payable, due 2021 24,700 Rent expense 17,690 Cash 7,490 Rent payable Retained earnings 1,210 Common shares 4,870 5,200 Depreciation expense 2,185 Salaries expense 19,140 Dividends declared 460 Salaries payable 2,150 Equipment 25,400 Service...
The following is the alphabetical list of accounts and their balances for Zhao’s Interior Design as...
The following is the alphabetical list of accounts and their
balances for Zhao’s Interior Design as of June 30:
A) What is the amount of Net Income for the period?
B) What is the owner's ending capital as of June 30?
C) What is the amount of Total Liabilities & Owner's Equity
on the Balance Sheet?
Questions 2-4: The following is the alphabetical list of accounts and their balances for Zhao's Interior Design as of June 30: Advertising Expense...
A list of accounts, in alphabetical order, and their balances at October 31, 2022 is presented...
A list of accounts, in alphabetical order, and their balances at October 31, 2022 is presented below for Blossom Corporation: Accounts payable Accounts receivable Bank loan payable Cash Common shares Deferred revenue Equipment Income tax expense $3,510 6,790 8,670 13,144 20.240 3,220 16,480 1,406 Rent expense Salaries expense Service revenue Supplies Supplies expense Utilities $1,530 7,080 14,900 2,390 900 820 Prepare a trial balance at October 31, 2022 BLOSSOM CORP. Trial Balance Credit Debit Debit Credit Totals
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Current Attempt in Progress Below is an alphabetical listing of the accounts in the general ledger...
Current Attempt in Progress Below is an alphabetical listing of the accounts in the general ledger of the Kant-Adder accounting firm at the 2021. Adjusting entries for the year have been posted and included in these balances. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Depreciation expense Equipment I. Kant, capital I. Kant, drawings Interest expense $12,500 61,000 12,000 14,000 8,000 42,000 30,000 90,000 5,000 Notes payable Rent expense Salaries expense Salaries payable Service revenue Supplies Supplies expense U. Adder, capital...
QUESTION 2: TRIAL BALANCE (14 marks) Following are the March 31, 2019 account balances (in alphabetical...
QUESTION 2: TRIAL BALANCE (14 marks) Following are the March 31, 2019 account balances (in alphabetical order) for Class Consulting Prepare a Trial Balance. Accounts Payable Accounts Receivable Accumulated Depreciation, Building Building Cash C. Class, Capital C. Class, Drawings Inventory Land Prepaid Insurance Rent Expense Salary Expense Service Revenue $48,000 $25,000 $100,000 $210,000 $20,000 $120,000 $4,000 $60,000 $100,000 $3,000 $6,000 $15,000 $175,000 a hit
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- / 1 View Policies Current Attempt in Progress The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. For each account, indicate whether the normal balance is a debitor a credit, and the financial statement-balance sheet or income statement-where the account should be presented. Account Normal Balance Financial statement Accounts payable Accounts receivable Common stock Depreciation expense Interest expense Interest income Inventories Prepaid expenses Property and equipment Revenues eTextbook and Media MacBook...
Sodexo Corporation provides food services to universities. Its account balances are provided below in alphabetical order...
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Question 9 The following is a list of accounts, in alphabetical order, for Sheridan, Inc. at...
Question 9 The following is a list of accounts, in alphabetical order, for Sheridan, Inc. at July 31, 2018: Accounts payable Accounts receivable Accumulated depreciation-equipment Bank loan payable, due 2020 Cash Common shares Depreciation expense Dividends declared Equipment Held for trading investments $9,800 14,300 21,300 38,300 Prepaid insurancee 13,500 Rent expense 38,000 $3,000 1,800 3,700 100 8,700 10,200 20,300 24,700 800 77,900 Income tax expense Insurance expense Interest expense Repairs and maintenance expense 9,500 Retained earnings 800 Salaries expense 98,100...
BUL MUURE CUISILLE JA owing is an alphabetical list of accounts and balances for J. Saggit, proprietor $12,500 12.9A (LO 4) AP The following is an alphabetical ship, at June 30, 2021: Accounts Payable Accounts Receivable 10,250 Cash Equipment Interest Expense J. Saggit, Capital J. Saggit, Drawings 12,000 Land 64,000 8,000 18,250 Notes Payable $30,000 Prepaid Expenses de 3,000 Rent Expense 4,500 Salaries Expense 7,500 Service Revenue 63,050 Supplies Bruns 5,000 Utilities Expense o 550 500 13 Instructions sorting each...
Current Attempt in Progress Morrison Services Ltd. reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, July 31, 2018: Accounts payable $2,880 Interest expense $1,410 Accounts receivable 19,925 Interest payable 1,320 Accumulated depreciation-equipment 5,715 Prepaid insurance 3,600 Bank loan payable, due 2021 24,700 Rent expense 17,690 Cash 7,490 Rent payable Retained earnings 1,210 Common shares 4,870 5,200 Depreciation expense 2,185 Salaries expense 19,140 Dividends declared 460 Salaries payable 2,150 Equipment 25,400 Service...
The following is the alphabetical list of accounts and their
balances for Zhao’s Interior Design as of June 30:
A) What is the amount of Net Income for the period?
B) What is the owner's ending capital as of June 30?
C) What is the amount of Total Liabilities & Owner's Equity
on the Balance Sheet?
Questions 2-4: The following is the alphabetical list of accounts and their balances for Zhao's Interior Design as of June 30: Advertising Expense...
A list of accounts, in alphabetical order, and their balances at October 31, 2022 is presented below for Blossom Corporation: Accounts payable Accounts receivable Bank loan payable Cash Common shares Deferred revenue Equipment Income tax expense $3,510 6,790 8,670 13,144 20.240 3,220 16,480 1,406 Rent expense Salaries expense Service revenue Supplies Supplies expense Utilities $1,530 7,080 14,900 2,390 900 820 Prepare a trial balance at October 31, 2022 BLOSSOM CORP. Trial Balance Credit Debit Debit Credit Totals
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Current Attempt in Progress Below is an alphabetical listing of the accounts in the general ledger of the Kant-Adder accounting firm at the 2021. Adjusting entries for the year have been posted and included in these balances. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Depreciation expense Equipment I. Kant, capital I. Kant, drawings Interest expense $12,500 61,000 12,000 14,000 8,000 42,000 30,000 90,000 5,000 Notes payable Rent expense Salaries expense Salaries payable Service revenue Supplies Supplies expense U. Adder, capital...
QUESTION 2: TRIAL BALANCE (14 marks) Following are the March 31, 2019 account balances (in alphabetical order) for Class Consulting Prepare a Trial Balance. Accounts Payable Accounts Receivable Accumulated Depreciation, Building Building Cash C. Class, Capital C. Class, Drawings Inventory Land Prepaid Insurance Rent Expense Salary Expense Service Revenue $48,000 $25,000 $100,000 $210,000 $20,000 $120,000 $4,000 $60,000 $100,000 $3,000 $6,000 $15,000 $175,000 a hit
- / 1 View Policies Current Attempt in Progress The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc. For each account, indicate whether the normal balance is a debitor a credit, and the financial statement-balance sheet or income statement-where the account should be presented. Account Normal Balance Financial statement Accounts payable Accounts receivable Common stock Depreciation expense Interest expense Interest income Inventories Prepaid expenses Property and equipment Revenues eTextbook and Media MacBook...
Question 9 The following is a list of accounts, in alphabetical order, for Sheridan, Inc. at July 31, 2018: Accounts payable Accounts receivable Accumulated depreciation-equipment Bank loan payable, due 2020 Cash Common shares Depreciation expense Dividends declared Equipment Held for trading investments $9,800 14,300 21,300 38,300 Prepaid insurancee 13,500 Rent expense 38,000 $3,000 1,800 3,700 100 8,700 10,200 20,300 24,700 800 77,900 Income tax expense Insurance expense Interest expense Repairs and maintenance expense 9,500 Retained earnings 800 Salaries expense 98,100...
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