Corrected Trial balance | |||||
Debit $ | Credit $ | ||||
Cash (14100+700) | 14,800 | ||||
Accounts recievable (12700-700) | 12,000 | ||||
Inventory | 16,900 | ||||
Supplies | 800 | ||||
Land | 59,000 | ||||
Accounts payable (12300+900+400) | 13600 | ||||
Common Stock (47100+200) | 47300 | ||||
Sales revenue | 49700 | ||||
Salary expense | 2000 | ||||
Rent expense | 1000 | ||||
Utilities expense | (300+400) | 700 | |||
Insurance expense | 3,400 | ||||
TOTAL | 1,10,600 | 1,10,600 | |||
The trial balance of Addison, Inc., at September 30, 2018, does not balar (Click the icon...
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as $200. c. Did not record utilities expense or the related account payable in the amount of $340. d. Understated Common Stock by $500. e. Omitted Insurance...
John Harris, M. D., reported the following trial balance as of September 30, 2018: .: (Click the icon to view the trial balance.) i Data Table Calculate the debt ratio for John Harris, M. D. Select the debt ratio formula on the first line and then calculate the ratio. (Round the percentage to the nearest whole percent.) i L Debt ratio L Account Title Cash Accounts Receivable Office Supplies Land Building Office Equipment Accounts Payable Utilities Payable Unearned Revenue Notes...
The trial balance of Bailey, Inc., at September 30, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $300 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $3,000 credit to Accounts Payable as $300 c. Did not record utilities expense or the related account payable in the amount of $450. d. Understated Common Stock by $400. e. Omitted Insurance Expense...
Jake Hill, M.D., reported the following trial balance as of September 30, 2018: (Click the icon to view the trial balance.) Data Table Calculate the debt ratio for Jake Hill, M.D. Select the debt ratio formula on the first line and then calculate the ratio. (Round the percentage to the nearest whole percent.) Jake Hill, M.D. Trial Balance September 30, 2018 Debt ratio % Balance Debit Account Title Cash Credit $ 37,000 8,000 Accounts Receivable Office Supplies 2,600 Land 27,000...
Blueberry Inc.'s trial balance follows E (Click the icon to view the trial balance.) Data Table - X Compute these amounts for Blueberry: 1. Total assets 2. Total liabilities 3. Net income or loss during September 4. Total shareholders' equity 1. Total assets $ 96000 Blueberry Inc. Trial Balance September 30, 2017 2. Total liabilities $ 69000 Balance 3. Net income $ 27000 Account Title Debit Credit 4. Total shareholders' equity $ 27000 Cash $ 7,000 10,000 Accounts receivable 3,000...
E2-28 (similar to) John Harris, M. D., reported the following trial balance as of September 30, 2018: E: (Click the icon to view the trial balance.) Calculate the debt ratio for John Harris, M. D. Select the debt ratio formula on the first line and then calculate the ratio. (Round the Total liabilities 1 Total assets Debt ratio % = willpoo) © Data Table the John Harris, M. D. Trial Balance September 30, 2018 Balance Debit Credit 34,000 Account Title...
Print 7. The adjusted trial balance of Stone Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Stone Sign Company has a January 31 year-end. Joumalize Stone's closing entries at January 31. 2. How much net income or net loss did Stone Sign Company earn for the year ended January 31? How can you tell? Requirement 1. Assume Stone Sign Company has a January 31 year-end. Journalize Stone's closing entries at January 31. (Record...
Question Help The September 30, 2018 adjusted trial balance of Caramel Craze, Inc., is shown below. Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the September closing entries for Caramel Craze, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by closing out the revenue accounts. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the...
, reported the following trial balance as of September 30 commaSeptember 30, 20182018: LOADING... (Click the icon to view the trial balance.)Calculate the debt ratio for John Jones comma M.D.John Jones, M.D. Select the debt ratio formula on the first line and then calculate the ratio. (Round the percentage to the nearest whole percent.) Total liabilities / Total assets = Debt ratio / = % John Jones, M.D. Trial Balance September 30, 2018 Balance Account Title Debit Credit Cash $37,000...
Data Table Cash... Accounts receivable. .. Inventory Supplies . Land Accounts payable . Common stock Sales revenue Salary expense Rent expense.. Utilities expense.... Total S 14,800 13,400 17,300 300 53,000 S 11,700 47.900 44,300 1,800 1,300 1,100 S 103,000 S 103,900 Print Done More Info a. Recorded a $700 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as S200. c. Did not record utilities expense or the related...