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Classifying Accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger...
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acom Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense $10,000 Insurance Expense 9,000 Miscellaneous Expense 8,150 Rent tixpense 60,000 Service Revenue 634,900 Supplies Expense 4,100 Utilities Expense 44,700 Wages Expense 548,200 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 2018 Expenses: $...
02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of...
02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of the Obi 1,2 lance columns account would flow into the EX 4-1 Flow of accounts into financial statements end-of-period spreadsheet. Indicate whether each earnings statement, or balance sheet. e stat 1. Accounts Payable 85 6. Supplies & Accounts Receivable 3. Cash 8S 4. Dividends e s fres amed S 7. Unearned Rent 8. Utilities Expense 9. Wages Expense TS 10. Weges Payable Obj. 1,...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
EX 4-1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts...
EX 4-1 Flow of accounts into financial statements The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a)...
EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts...
EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts 06)....
PS Music Adjusted Trial Balance July 31, 2019 Credit Debit Balances Balances Cash Accounts Receivable 9,945...
PS Music Adjusted Trial Balance July 31, 2019 Credit Debit Balances Balances Cash Accounts Receivable 9,945 4,150 Supplies 275 2,475 Prepaid Insurance Office Equipment 7,500 8,350 140 Accumulated Depreciation ---Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing 3,600 9,000 1,750 Fees Earned 21,200 Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,550 Advertising Expense 1,500 1,375 Equipment Rent Expense Utilities Expense 1,215 Supplies Expense 925 Insurance Expense Depreciation Expense 50 Miscellaneous Expense 1,855...
The following is the adjusted trial balance for Thompson on December 31, 2019. Thompson Trucking Adjusted...
The following is the adjusted trial balance for Thompson on December 31, 2019. Thompson Trucking Adjusted Trial Balance December 31, 2019 Debit Credit Cash 41,050 Accounts receivable 7,500 Packing supplies 800 Prepaid rent 450 Truck 26,000 Accum. Amortization, Truck 1,800 Computer 1,200 Accum. Amortization, Computer 150 Accounts payable 3,200 Salary payable 1,900 Unearned revenue 2,000 J. Thompson, Capital 66,000 J. Thompson, Withdraw 500 Delivery Fees earned 17,500 Amortization expense, truck 1,800 Amortization expense, computer 150 Rent expense 1,350 Salary expense...
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting....
1. Classified Balance Sheet The following accounts appear in an adjusted trial balance of Waterloo Consulting. Indicate whether each account would be reported in the current asset; property, plant, and equipment; current liability; long-term liability; or owner's equity section of the December 31, 2018, balance sheet of Waterloo Consulting. 1. Building 2. Cindy Sue Delaney, Capital 3. Notes Payable (due in five years) 4. Prepaid Rent 5. Salaries Payable 6. Supplies 7. Taxes Payable 8. Unearned Service Fees Options are:...
The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue,...
The following account balances
appear in the 2021 adjusted trial balance of Beavers Corporation:
Service Revenue, $190,000; Salaries Expense, $93,000; Supplies
Expense, $11,500; Rent Expense, $17,500; Depreciation Expense,
$27,000; and Delivery Expense, $9,500. Prepare an income statement
for the year ended December 31, 2021.
The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $190,000; Salaries Expense, $93,000; Supplies Expense, $11,500; Rent Expense, $17,500; Depreciation Expense, $27,000, and Delivery Expense, $9,500. Prepare an income...
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000...
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000 Accounts Receivable $3,400 Accumulated Depreciation 1,000 Depreciation Expense 1,000 Dividends 2,600 Insurance Expense 2,600 Interest Revenue 1,040 Prepaid Insurance 2,220 Retained Earnings 10,900 Salary Expense 24,100 Service Revenue 38,800 What is the ending balance in Retained Earnings after the closing entries are completed?
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acom Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: Depreciation Expense $10,000 Insurance Expense 9,000 Miscellaneous Expense 8,150 Rent tixpense 60,000 Service Revenue 634,900 Supplies Expense 4,100 Utilities Expense 44,700 Wages Expense 548,200 Prepare an income statement. Acorn Health Services Co. Income Statement For the Year Ended January 31, 2018 Expenses: $...
02 Exercises The balances for the accounts that follow appear in the Adjusted Trial Bal of the Obi 1,2 lance columns account would flow into the EX 4-1 Flow of accounts into financial statements end-of-period spreadsheet. Indicate whether each earnings statement, or balance sheet. e stat 1. Accounts Payable 85 6. Supplies & Accounts Receivable 3. Cash 8S 4. Dividends e s fres amed S 7. Unearned Rent 8. Utilities Expense 9. Wages Expense TS 10. Weges Payable Obj. 1,...
EX 4-5 Income statement The following account balances were taken from the adjusted trial balance for Laser Mes- OBJ. 2 senger Service, a delivery service firm, for the fiscal year ended April 30, 2019: Depreciation Expense $ 8,650 Rent Expense $ 60,000 Fees Earned 674,000 Salaries Expense 336,900 Insurance Expense 1,500 Supplies Expense 4,100 Miscellaneous Expense 3,650 Utilities Expense 41,200 Prepare an income statement. EX 4.6 Income statement; net loss OBJ. 2 The following revenue and expense account balances were...
EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts 06)....
PS Music Adjusted Trial Balance July 31, 2019 Credit Debit Balances Balances Cash Accounts Receivable 9,945 4,150 Supplies 275 2,475 Prepaid Insurance Office Equipment 7,500 8,350 140 Accumulated Depreciation ---Office Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing 3,600 9,000 1,750 Fees Earned 21,200 Music Expense 3,610 Wages Expense 2,940 Office Rent Expense 2,550 Advertising Expense 1,500 1,375 Equipment Rent Expense Utilities Expense 1,215 Supplies Expense 925 Insurance Expense Depreciation Expense 50 Miscellaneous Expense 1,855...
The following account balances
appear in the 2021 adjusted trial balance of Beavers Corporation:
Service Revenue, $190,000; Salaries Expense, $93,000; Supplies
Expense, $11,500; Rent Expense, $17,500; Depreciation Expense,
$27,000; and Delivery Expense, $9,500. Prepare an income statement
for the year ended December 31, 2021.
The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $190,000; Salaries Expense, $93,000; Supplies Expense, $11,500; Rent Expense, $17,500; Depreciation Expense, $27,000, and Delivery Expense, $9,500. Prepare an income...
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