Homework Answers
| Apr. 1 | Paid six months of rent, $4,800 | Deferred Expense |
| Apr. 10 | Received $1,200 from customer for six-month service contract that began April 1. | Deferred Revenue |
| Apr. 15 | Purchased a computer for $1,000 | No adjusting entry |
| Apr. 18 | Purchased $300 of office supplies on account | No adjusting entry |
| Apr. 30 | Work performed but not yet billed to customer $500 | Accrued Revenue |
| Apr. 30 | Employees earned $600 in salaries that will be paid May 2 | Accrued Expense |
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A select list of transactions for Anuradha's Goals follows (Click the icon to view the transactions)...
iii X 53-5 (book/static) A select list of transactions for Anuradha's Goals follows: Click the icon...
iii X 53-5 (book/static) A select list of transactions for Anuradha's Goals follows: Click the icon to view the transactions.) For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expen revenue, accrued expense, and accrued revenue. Apr 1 Accrued revenue 10 Deferred expense Deferred expense 15 Paid six months of rent, $4,800. Received $1,200 from customer for six month service contract that began April 1. Purchased a...
A select list of transactions for Anuradha's Goals follows: Apr. 1 10 15 18 30 30...
A select list of transactions for Anuradha's Goals follows: Apr. 1 10 15 18 30 30 Paid six months of rent, 54,800. Received $1,200 from customer for six-month service contract that began April 1. Purchased a computer for $1,000. Purchased $300 of office supplies on account. Work performed but not yet billed to customer, $500. Employees earned 5600 in salaries that will be paid May 2. For each transaction, identify what type of adjusting entry would be needed. Select from...
7. The worksheet of Macey's Landscaping Services follows but is incomplete. Click the icon to view...
7. The worksheet of Macey's Landscaping Services follows but is incomplete. Click the icon to view the worksheet.) Print Read the requirements Requirement 1. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns Macey's Landscaping Services Worksheet December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Debit Credit Account Names Debit Credit Debit Credit 27,400 6,700 (h) $ 3,500 500 (b) $ (a) 350 1,150 2,300 50,000 (c) 1,300 114,000 (d) 1,900 $ 3,800 300...
The worksheet of Best Jobs Employment Service follows but is incomplete. Click the icon the view...
The worksheet of Best Jobs Employment Service follows but is incomplete. Click the icon the view the worksheet.) The following data at April 30, 2024 are given for Best Jobs Employment Service: Click the icon to view the additional information) Read the requirements April 30, 2024 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Adjusted Trial Balance Debit Credit Cash $ 1,100 4,100 Accounts Receivable 1,200 32,700 Office Supplies Equipment Accumulated Depreciation Equipment Salaries Payable $ 13,900 Common...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month. April 1 Nozomi invested $35,000 cash and computer equipment worth $35,000 in the company in exchange for common stock. 2 The company rented furnished office space by paying $2,200 cash for the first month’s (April) rent. 3 The company purchased $1,200 of office supplies for cash. 10 The company paid $2,500 cash for the premium on a 12-month insurance...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $34,000 cash and computer equipment worth $40,000 in the company 2 The company rented furnished office space by paying $1,500 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies for cash. 10 The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April...
Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry...
Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry template provided below, prepare the journal entries: Apr 1 Issued common shares in exchange for cash of $75,000 and equipment of $25,000. Apr 1 Paid monthly rent of $1,500. Apr 4 Purchased inventory, on account for $31,350. Apr 5 Purchased office supplies for $3,000 cash. Performed bike servicing for customers in the amount of $500; received $300 in cash and Apr 11 billed customers...
Please post to: General Journal, General Ledger, Trail Balance, Income statement, Statement of Owners Equity, Balance...
Please post to: General Journal, General
Ledger, Trail Balance, Income statement, Statement of Owners
Equity, Balance Sheet, and Post Closing. THANK YOU!!! :)
On April 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the company's first month. Apr. 1 Lewis invested $39,000 cash and computer equipment worth $19, 200 in the company. Apr. 2 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. Apr. 3 The...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
iii X 53-5 (book/static) A select list of transactions for Anuradha's Goals follows: Click the icon to view the transactions.) For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expen revenue, accrued expense, and accrued revenue. Apr 1 Accrued revenue 10 Deferred expense Deferred expense 15 Paid six months of rent, $4,800. Received $1,200 from customer for six month service contract that began April 1. Purchased a...
A select list of transactions for Anuradha's Goals follows: Apr. 1 10 15 18 30 30 Paid six months of rent, 54,800. Received $1,200 from customer for six-month service contract that began April 1. Purchased a computer for $1,000. Purchased $300 of office supplies on account. Work performed but not yet billed to customer, $500. Employees earned 5600 in salaries that will be paid May 2. For each transaction, identify what type of adjusting entry would be needed. Select from...
7. The worksheet of Macey's Landscaping Services follows but is incomplete. Click the icon to view the worksheet.) Print Read the requirements Requirement 1. Calculate and enter the adjusted account balances in the Adjusted Trial Balance columns Macey's Landscaping Services Worksheet December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Debit Credit Account Names Debit Credit Debit Credit 27,400 6,700 (h) $ 3,500 500 (b) $ (a) 350 1,150 2,300 50,000 (c) 1,300 114,000 (d) 1,900 $ 3,800 300...
The worksheet of Best Jobs Employment Service follows but is incomplete. Click the icon the view the worksheet.) The following data at April 30, 2024 are given for Best Jobs Employment Service: Click the icon to view the additional information) Read the requirements April 30, 2024 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Adjusted Trial Balance Debit Credit Cash $ 1,100 4,100 Accounts Receivable 1,200 32,700 Office Supplies Equipment Accumulated Depreciation Equipment Salaries Payable $ 13,900 Common...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April 1 Nozomi invested $34,000 cash and computer equipment worth $40,000 in the company 2 The company rented furnished office space by paying $1,500 cash for the first month's (April) rent. 3 The company purchased $1,000 of office supplies for cash. 10 The company paid $2,500 cash for the premium on a 12-month insurance policy. Coverage begins on April...
Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry template provided below, prepare the journal entries: Apr 1 Issued common shares in exchange for cash of $75,000 and equipment of $25,000. Apr 1 Paid monthly rent of $1,500. Apr 4 Purchased inventory, on account for $31,350. Apr 5 Purchased office supplies for $3,000 cash. Performed bike servicing for customers in the amount of $500; received $300 in cash and Apr 11 billed customers...
Please post to: General Journal, General
Ledger, Trail Balance, Income statement, Statement of Owners
Equity, Balance Sheet, and Post Closing. THANK YOU!!! :)
On April 1, Sharon Lewis created a new travel agency, Lewis Travel. The following transactions occurred during the company's first month. Apr. 1 Lewis invested $39,000 cash and computer equipment worth $19, 200 in the company. Apr. 2 The company rented furnished office space by paying $2,300 cash for the first month's (April) rent. Apr. 3 The...
Journalizing and Posting Transactions and Adjustments D. Roulstone opened Roulstone Roofing Service on April 1. Transactions for April follow. Apr.1 Roulstone contributed $34,500 cash to the business in exchange for common stock. Paid $18,300 cash for the purchase of a used truck. Purchased $9,300 of ladders and other equipment; the company paid $1,000 cash, with the balance due in 30 days. Paid $8,640 cash for two-year (or 24-month) premium toward liability insurance. Purchased $3,600 of supplies on credit. Received an...
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