Homework Answers
| No | General Journal | Debit | Credit |
|---|---|---|---|
| 1 | Sales | 573,000 | |
| Income summary | 573,000 | ||
| (to close sales account) | |||
| 2 | Income summary | 496,800 | |
| Sales returns and allowances | 19,700 | ||
| Sales discount | 6,100 | ||
| Cost of Goods Sold | 234,000 | ||
| Sales salaries expense | 59,000 | ||
| Utilities expense | 20,500 | ||
| Selling expenses | 41,500 | ||
| Administrative expenses | 116,000 | ||
| (to close expense accounts) | |||
| 3 | Income summary | 76,200 | |
| Retained earnings | 76,200 | ||
| 4 | Retained earnings | 44,000 | |
| Dividends | 44,000 |
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The following list includes temporary accounts from the December 31 adjusted trial balance of Emiko Co....
my w The following list includes selected permanent accounts and all of the temporary accour from...
my w The following list includes selected permanent accounts and all of the temporary accour from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Credit Debit $ 35,500 6,700 44,000 $573,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 19,700 6,100 234,000 59,000 20,500 41,500 116,000 Additional Information...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 32,500 Prepaid selling expenses 6,100 Dividends 38,000 Sales $ 549,000 Sales returns and allowances 18,500 Sales discounts 5,500 Cost of goods sold 222,000 Sales salaries expense 53,000 Utilities expense 17,500 Selling expenses 38,500 Administrative expenses 110,000 Additional Information Accrued sales salaries amount to $1,700....
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 35,000 Prepaid selling expenses 6,600 Dividends 43,000 Sales $ 569,000 Sales returns and allowances 19,500 Sales discounts 6,000 Cost of goods sold 232,000 Sales salaries expense 58,000 Utilities expense 20,000 Selling expenses 41,000 Administrative expenses 115,000 Additional Information Accrued...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 30,000 Prepaid selling expenses 5,600 Dividends 33,000 Sales $ 529,000 Sales returns and allowances 17,500 Sales discounts 5,000 Cost of goods sold 212,000 Sales salaries expense 48,000 Utilities expense 15,000 Selling expenses 36,000 Administrative expenses 105,000 Additional Information Accrued...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory Prepaid selling expenses Dividends Sales $ 31,000 5,800 35,000 $537,000 Sales returns and allowances 17,900 5,200 216,000 50,000 16,000 37,000 107,000 Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses Additional Information Accrued and...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Credit Debit $ 33,000 6,200 39,000 $553,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 18,700 5,600 224,000 54,000 18,000 39,000 111,000 Additional Information Accrued and...
The following list includes selected permanent accounts and all of the temporary accounts from the December...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko, Emiko Co. uses a perpetual inventory system. Credit Debit $ 30,000 5,600 33,000 $529,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 17,500 5,000 212,000 48,000 15,000 36,000 105,000 Additional Information Accrued and...
Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes...
Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2017, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 34,000 Prepaid selling expenses 6,400 Dividends 41,000 Sales $ 561,000 Sales returns and allowances 19,100 Sales discounts 5,800 Cost of goods sold 228,000 Sales salaries expense 56,000 Utilities expense 19,000 Selling expenses...
Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes...
Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted trial balance of Emiko Co.. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 30,000 Prepaid selling expenses 5,600 Dividends 33,000 Sales $ 529,000 Sales returns and allowances 17,500 Sales discounts 5,000 Cost of goods sold 212,000 Sales salaries expense 48,000 Utilities expense 15,000 Selling expenses...
CAEILISE 3 rieparuy dujusuy di LIUS ELIT TUI TEILTIOITUNEI Lurs The following list includes selected permanent...
CAEILISE 3 rieparuy dujusuy di LIUS ELIT TUI TEILTIOITUNEI Lurs The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Credit Debit $ 38,000 7,200 49,000 $593, 000 Merchandise inventory Prepaid selling expenses K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses...
my w The following list includes selected permanent accounts and all of the temporary accour from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Credit Debit $ 35,500 6,700 44,000 $573,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 19,700 6,100 234,000 59,000 20,500 41,500 116,000 Additional Information...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory Prepaid selling expenses Dividends Sales $ 31,000 5,800 35,000 $537,000 Sales returns and allowances 17,900 5,200 216,000 50,000 16,000 37,000 107,000 Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses Additional Information Accrued and...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Credit Debit $ 33,000 6,200 39,000 $553,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 18,700 5,600 224,000 54,000 18,000 39,000 111,000 Additional Information Accrued and...
The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko, Emiko Co. uses a perpetual inventory system. Credit Debit $ 30,000 5,600 33,000 $529,000 Merchandise inventory Prepaid selling expenses Dividends Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses Administrative expenses 17,500 5,000 212,000 48,000 15,000 36,000 105,000 Additional Information Accrued and...
CAEILISE 3 rieparuy dujusuy di LIUS ELIT TUI TEILTIOITUNEI Lurs The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Credit Debit $ 38,000 7,200 49,000 $593, 000 Merchandise inventory Prepaid selling expenses K. Emiko, Withdrawals Sales Sales returns and allowances Sales discounts Cost of goods sold Sales salaries expense Utilities expense Selling expenses...
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