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Question Help T13-5 (book/static) 9. Identify the impact on the income statement and balance sheet if...
For each adjustment, indicate the income statement and balance sheet account affected, and the impact on...
For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Using the drop-down button, select "Unadjusted") O show less Adjusted> Account affecting the Impact on net income Adjusting entry related to a) Rent b) Insurance c) Office supples d) Depreciation e) Unbilled fees Income...
E3-19A (book/static) Question Help lenu ments The following data pertain to the November 30 adjusting entries:...
E3-19A (book/static) Question Help lenu ments The following data pertain to the November 30 adjusting entries: O (Click the icon to view the data.) The accounting records of Travel Time, Inc. include the following unadjusted balances at November 30. Accounts receivable, $900, Suppies, $650; Prepaid insurance, $2,000; Accumulated depreciation, equipment, $2,800; Salaries payable, $0; Uneamed service revenue, $1,500; Servioe revenue, $6,200,; Depreciation expense, equipment, $525; Salaries expense, $1,600, Insurance expense, $400; and Supplies expense, $0. mework Requirement Record the adjustmonts...
On December 31, Alberta supplies prepared an income statement and balance sheet before processing four adjusting...
On December 31, Alberta supplies prepared an income statement and balance sheet before processing four adjusting entries. The income statement showed net income of $40,000. The balance sheet showed total current assets $30,000, fixed assets 100,000; total liabilities $60,000; and owner’s capital $30,000. Adjusting entries 1.depreciation of equipment $10000 2.salaries of $20000 for the last two days in December that are owed to the employees 3.prepaid rent of $7500 has expired 4.rendered service for $3500 and has not billed customer yet...
PLEASE ANSWER THE INCOME STATEMENT AND BALANCE SHEET AND IMPACT ON INCOME!!!!! Karla Tanner opened a...
PLEASE ANSWER THE INCOME STATEMENT AND BALANCE SHEET AND IMPACT
ON INCOME!!!!!
Karla Tanner opened a web consulting business called Linkworks
and recorded the following transactions in its first month of
operations.
Apr.
1
Tanner invests $80,000 cash along with office equipment valued
at $26,000 in the company in exchange for common stock.
Apr.
2
The company prepaid $9,000 cash for twelve months’ rent for
office space. The company's policy is record prepaid expenses in
balance sheet accounts.
Apr.
3...
complete the adjusting entries, adjusted trial balance, income statement and balance sheet using the information provid...
complete the adjusting entries, adjusted trial balance, income
statement and balance sheet using the information provided
Number Styles D6 A C G H 1 Unadusted Trial Balance Dr. Adjusting Entries Dr. Adusted Trial Balance Income Starement Balance Sheet Cr Dr Cr. Cr Dr Cr. Permanent Accounts 6Cash Accounts Receivable 8 Prepaid Insurance Land Buldings Accumulated Depreciation-Buildings 12 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Rent Revenue Common Stock Retained Eamings 12,463 14.021 4.673 311.583 140,000 35,000 61.000 18.300...
Break down each item line for income statement, retained earnings statement, and classified balance sheet SRS...
Break down each item line for income statement, retained
earnings statement, and classified balance sheet
SRS Consulting Services Unadjusted Trial Balance 30-Sep-19 $ Account Cash $ 15,000 Accounts Receivable 11,200 Supplies 1,350 Prepaid Insurance 3,000 Long Term Investments 20,000 Equipment 39,100 Accumulated Depreciation-Equipment 8,100 Accounts Payable 9,500 Unearned Revenue 1,900 Notes Payable 30,000 Common Stock 25,000 Retained Earnings 4,700 Dividends 5,000 Revenue 24,000 Depreciation 3,300 Salaries Expense 4,650 Insurance expense 600 Totals 103,200 103,200 a. An inventory of supplies shows...
please complete the required. the general journal, income statement, and balance sheet. GL2-14 Complete the full...
please complete the required. the general journal, income
statement, and balance sheet.
GL2-14 Complete the full accounting cycle The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 3.900 8,900 2.900 24,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $5.600 3.600 4.600 17,000 8,900 $39,700 $39,700 The following is a summary of the transactions for the year: 1. January 24...
re the income statement, the statement of owner's equity, and the classified 6. Prepare the income...
re the income statement, the statement of owner's equity, and the classified 6. Prepare the income stateme balance sheet in report form. 1. Prepare the closing entries, and post to the T-accounts 8. Prepare a post-closing trial balance. 44-34A Preparing adiusting entries and reversing entries Learning Objective 7 Appendix 4A ne uradjusted trial balance and adjustment data of Martha's Motors at December 31, 2018, follow MARTHA'S MOTORS Unadjusted Trial Balance December 31, 2018 Credit Debit $ 4200 27,200 1.000 2.400...
adjusting Entries, closing entries, general ledger, worksheet, income statement, balance sheet and post closing trial balance...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
Problem 6-5 Prepare work sheet, classified income statement, statement of retained earnings, classified balance sheet, and...
Problem 6-5 Prepare work sheet, classified income statement, statement of retained earnings, classified balance sheet, and closing entries (based on Appendix) (L.O.5-8) The following data are for Leone Lumber Company LEONE LUMBER COMPANY Trial Balance December 31, 2018 Acct. No. 100 103 105 107 108 112 170 171 200 300 310 410 412 Debits Credits Account Title $ 90,640 Cash 159,520 Accounts Receivable 285,200 Merchandise Inventory, January 1, 2018 5,360 Supplies on Hand 4,800 Prepaid Insurance 57,600 Prepaid Rent 88,000...
For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Using the drop-down button, select "Unadjusted") O show less Adjusted> Account affecting the Impact on net income Adjusting entry related to a) Rent b) Insurance c) Office supples d) Depreciation e) Unbilled fees Income...
E3-19A (book/static) Question Help lenu ments The following data pertain to the November 30 adjusting entries: O (Click the icon to view the data.) The accounting records of Travel Time, Inc. include the following unadjusted balances at November 30. Accounts receivable, $900, Suppies, $650; Prepaid insurance, $2,000; Accumulated depreciation, equipment, $2,800; Salaries payable, $0; Uneamed service revenue, $1,500; Servioe revenue, $6,200,; Depreciation expense, equipment, $525; Salaries expense, $1,600, Insurance expense, $400; and Supplies expense, $0. mework Requirement Record the adjustmonts...
PLEASE ANSWER THE INCOME STATEMENT AND BALANCE SHEET AND IMPACT
ON INCOME!!!!!
Karla Tanner opened a web consulting business called Linkworks
and recorded the following transactions in its first month of
operations.
Apr.
1
Tanner invests $80,000 cash along with office equipment valued
at $26,000 in the company in exchange for common stock.
Apr.
2
The company prepaid $9,000 cash for twelve months’ rent for
office space. The company's policy is record prepaid expenses in
balance sheet accounts.
Apr.
3...
complete the adjusting entries, adjusted trial balance, income
statement and balance sheet using the information provided
Number Styles D6 A C G H 1 Unadusted Trial Balance Dr. Adjusting Entries Dr. Adusted Trial Balance Income Starement Balance Sheet Cr Dr Cr. Cr Dr Cr. Permanent Accounts 6Cash Accounts Receivable 8 Prepaid Insurance Land Buldings Accumulated Depreciation-Buildings 12 Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Rent Revenue Common Stock Retained Eamings 12,463 14.021 4.673 311.583 140,000 35,000 61.000 18.300...
Break down each item line for income statement, retained
earnings statement, and classified balance sheet
SRS Consulting Services Unadjusted Trial Balance 30-Sep-19 $ Account Cash $ 15,000 Accounts Receivable 11,200 Supplies 1,350 Prepaid Insurance 3,000 Long Term Investments 20,000 Equipment 39,100 Accumulated Depreciation-Equipment 8,100 Accounts Payable 9,500 Unearned Revenue 1,900 Notes Payable 30,000 Common Stock 25,000 Retained Earnings 4,700 Dividends 5,000 Revenue 24,000 Depreciation 3,300 Salaries Expense 4,650 Insurance expense 600 Totals 103,200 103,200 a. An inventory of supplies shows...
please complete the required. the general journal, income
statement, and balance sheet.
GL2-14 Complete the full accounting cycle The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 3.900 8,900 2.900 24,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $5.600 3.600 4.600 17,000 8,900 $39,700 $39,700 The following is a summary of the transactions for the year: 1. January 24...
re the income statement, the statement of owner's equity, and the classified 6. Prepare the income stateme balance sheet in report form. 1. Prepare the closing entries, and post to the T-accounts 8. Prepare a post-closing trial balance. 44-34A Preparing adiusting entries and reversing entries Learning Objective 7 Appendix 4A ne uradjusted trial balance and adjustment data of Martha's Motors at December 31, 2018, follow MARTHA'S MOTORS Unadjusted Trial Balance December 31, 2018 Credit Debit $ 4200 27,200 1.000 2.400...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
Problem 6-5 Prepare work sheet, classified income statement, statement of retained earnings, classified balance sheet, and closing entries (based on Appendix) (L.O.5-8) The following data are for Leone Lumber Company LEONE LUMBER COMPANY Trial Balance December 31, 2018 Acct. No. 100 103 105 107 108 112 170 171 200 300 310 410 412 Debits Credits Account Title $ 90,640 Cash 159,520 Accounts Receivable 285,200 Merchandise Inventory, January 1, 2018 5,360 Supplies on Hand 4,800 Prepaid Insurance 57,600 Prepaid Rent 88,000...
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