Homework Answers
a) Following are the closing entries:
2) Following is the post closing Trial balance:
Retained Earnings: =167000+222745= 389745
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om courses/54828/assignments/697188?module item_id=3117066 Chong, Inc. provides advice to art enthusiast interested in purchasing art at Sotheby's...
Rae Services, Inc. provides healthcare diagnostics for patients with autoimmune diseases. At the end of their...
Rae Services, Inc. provides healthcare diagnostics for patients with autoimmune diseases. At the end of their first year of operations, Rae Services account balances are shown in the adjusted trial balance shown below: Rae Services, Inc. Adjusted Trial Balance December 31, 2012 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation--Equipment Accounts payable Common stock Retained earnings Dividends Service revenue Advertising expense Depreciation expense--Equipment Insurance expense Rent expense Salaries expense Supplies expense Utilities expense 176,000 140,500 4,650 2.400 85,500 3,500...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON,...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12.500 Accounts Payable 600 Common Stock 30.000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income 4.200 Salaries Expense 42.800 Rent Expense 12.900 Insurance Expense 1.800 Depreciation expense 8.000 Income Tax Expense 8,300 Income Tax Payable 8.800 Totals $171,400...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON,...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation. - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7,000 Service Fees Earned 101,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 12,900 Insurance Expense 1,800 Depreciation expense 8,000 Income Tax Expense 8,300 Income Tax Payable 8,800 Totals $171,400...
Su Suur Closing Entries The adjusted trial balance shown below is for Bayou, Inc., at December...
Su Suur Closing Entries The adjusted trial balance shown below is for Bayou, Inc., at December 31: BAYOU, INC. Adjusted Trial Balance December 31 Debit Credit Cash $3,500 Accounts Receivable 8,000 Prepaid Insurance 3,600 Office Equipment 72,000 Accum. Depreciation. - Equipment $12,000 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Dividends 5,000 Service Fees Earned 97,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 13,400 Insurance Expense 1,800 Depreciation expense - Equipment 8,000 Income Tax Expense 8,800 Income Tax...
pter 4 Assignment X BC BCIT:: Course Outlines es/27987/assignments/2657281 SHERIDAN COMPANY Adjusted Trial Balance December 31,...
pter 4 Assignment X BC BCIT:: Course Outlines es/27987/assignments/2657281 SHERIDAN COMPANY Adjusted Trial Balance December 31, 2021 Dr. Cash 112 201 212 Account No. Account Titles 101 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation equipment 200 Notes payable Accounts payable Salaries payable 230 Interest payable 301 D. Sheridan, capital 306 D. Sheridan, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense Interest expense Totals Adjusted Trial Balance Cr. $6,300 9,600 600 700 26,900 $4,600 16,100...
hackle Locksmiths, Inc. Adjusted Trial Balance At December 31, 2018 Account Debit Credit Cash $1,720,400 Accounts...
hackle Locksmiths, Inc. Adjusted Trial Balance At December 31, 2018 Account Debit Credit Cash $1,720,400 Accounts Receivable 792,000 Supplies 210,000 Prepaid Insurance 200,000 Equipment 420,000 Accumulated Depreciation—Equipment $33,000 Accounts Payable 1,280,000 Unearned Service Revenue 39,200 Wages Payable 250,000 Interest Payable 85,000 Notes Payable 260,000 Common Stock 1,300,000 Retained Earnings 0 Dividends 10,000 Service Revenue 2,093,300 Wage Expense 1,120,000 Utilities Expense 88,900 Selling Expense 64,200 Administrative Expense 189,000 Repairs Expense 66,000 Interest Expense 55,000 Insurance Expense 135,000 Supplies Expense 210,000 Depreciation...
The adjusted balance ("Adj. Bal.") of each account has been entered for you. Post the closing...
The adjusted balance ("Adj. Bal.") of each account has been
entered for you. Post the closing entries to the T-accounts and
calculate each account's post-closing balance. Use Dec. 31 as a
posting reference for your closing entries, and "Bal." references
to denote post-closing balances. Include a post-closing balance
for each T-account (including those that were not closed). For
any accounts with a zero balance after closing, enter a "0" on
the normal side of the account. For Income Summary, calculate...
GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31, CURRENT YEAR Cash $218,640 Accounts receivable...
GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31, CURRENT YEAR Cash $218,640 Accounts receivable 10,800 Supplies 720 Equipment 28,800 Accumulated depreciation: equipment $ 12,000 Accounts payable 3,600 Income taxes payable 8,400 Capital stock 60,000 Retained earnings 108,000 Dividends 4,800 Lawn care revenue earned 230,400 Salary expense 124,800 Supply expense 2,880 Advertising expense 720...
I dont know how to do part C and im not sure if part b is...
I dont know how to do part C and im not sure if part b is
correct
Business Course * Return to course Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income...
Question Help The following balances appear on the books of Sarah Simmons Enterprises: Retained Earnings 29.600,...
Question Help The following balances appear on the books of Sarah Simmons Enterprises: Retained Earnings 29.600, Dividends, $10.500 Income Summary : Service Revenue, $24.500. Salaries Expense 56.200Rent Expense $3.500, and Advertising Expense, 52,000. All accounts have normal balance Read the relements Requirement 1. The accounts have been set up for you. Insert each accounts adjusted balance as given (denote as A. Bol) December 31. Retained Earnings Service Revenue Dividende Salaries Expanse Income Summary Rent Expense Advertising Expense Choose from any...
Rae Services, Inc. provides healthcare diagnostics for patients with autoimmune diseases. At the end of their first year of operations, Rae Services account balances are shown in the adjusted trial balance shown below: Rae Services, Inc. Adjusted Trial Balance December 31, 2012 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation--Equipment Accounts payable Common stock Retained earnings Dividends Service revenue Advertising expense Depreciation expense--Equipment Insurance expense Rent expense Salaries expense Supplies expense Utilities expense 176,000 140,500 4,650 2.400 85,500 3,500...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12.500 Accounts Payable 600 Common Stock 30.000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income 4.200 Salaries Expense 42.800 Rent Expense 12.900 Insurance Expense 1.800 Depreciation expense 8.000 Income Tax Expense 8,300 Income Tax Payable 8.800 Totals $171,400...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation. - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7,000 Service Fees Earned 101,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 12,900 Insurance Expense 1,800 Depreciation expense 8,000 Income Tax Expense 8,300 Income Tax Payable 8,800 Totals $171,400...
Su Suur Closing Entries The adjusted trial balance shown below is for Bayou, Inc., at December 31: BAYOU, INC. Adjusted Trial Balance December 31 Debit Credit Cash $3,500 Accounts Receivable 8,000 Prepaid Insurance 3,600 Office Equipment 72,000 Accum. Depreciation. - Equipment $12,000 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Dividends 5,000 Service Fees Earned 97,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 13,400 Insurance Expense 1,800 Depreciation expense - Equipment 8,000 Income Tax Expense 8,800 Income Tax...
pter 4 Assignment X BC BCIT:: Course Outlines es/27987/assignments/2657281 SHERIDAN COMPANY Adjusted Trial Balance December 31, 2021 Dr. Cash 112 201 212 Account No. Account Titles 101 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation equipment 200 Notes payable Accounts payable Salaries payable 230 Interest payable 301 D. Sheridan, capital 306 D. Sheridan, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense Interest expense Totals Adjusted Trial Balance Cr. $6,300 9,600 600 700 26,900 $4,600 16,100...
The adjusted balance ("Adj. Bal.") of each account has been
entered for you. Post the closing entries to the T-accounts and
calculate each account's post-closing balance. Use Dec. 31 as a
posting reference for your closing entries, and "Bal." references
to denote post-closing balances. Include a post-closing balance
for each T-account (including those that were not closed). For
any accounts with a zero balance after closing, enter a "0" on
the normal side of the account. For Income Summary, calculate...
I dont know how to do part C and im not sure if part b is
correct
Business Course * Return to course Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income...
Question Help The following balances appear on the books of Sarah Simmons Enterprises: Retained Earnings 29.600, Dividends, $10.500 Income Summary : Service Revenue, $24.500. Salaries Expense 56.200Rent Expense $3.500, and Advertising Expense, 52,000. All accounts have normal balance Read the relements Requirement 1. The accounts have been set up for you. Insert each accounts adjusted balance as given (denote as A. Bol) December 31. Retained Earnings Service Revenue Dividende Salaries Expanse Income Summary Rent Expense Advertising Expense Choose from any...
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