The following is the alphabetical list of accounts and their balances for Zhao’s Interior Design as of June 30:
A) What is the amount of Net Income for the period?
B) What is the owner's ending capital as of June 30?
C) What is the amount of Total Liabilities & Owner's Equity on the Balance Sheet?
Homework Answers
A)
Net income:
= $772,000 - $72,000 - $34,000 - $16,000 - $66,000 - $25,200 - $24,400 - $222,000
= $312,400
B)
Ending capital:
= $312,400 + $205,000
= $517,400
C)
Total liabilities and owners equity:
= $517,400 + $67,400
= $584,800
Add Answer to:
The following is the alphabetical list of accounts and their
balances for Zhao’s Interior Design as...
Current Attempt in Progress The following is an alphabetical list of accounts and balances for J....
Current Attempt in Progress The following is an alphabetical list of accounts and balances for J. Saggit, proprietorship, at lune 30, 20211 Accounts Payable Accounts Receivable Cash Equipment Interest Expense J.Saggit, Capital J.Saggit, Drawings Land $13,300 10,850 8,500 19,350 530 29,700 12,700 67,800 Notes Payable Prepaid Expenses Rent Expense Salaries Expense Service Revenue Supplies Utilities Expense $31,800 3,200 4,800 8,000 66.810 5,300 580 Prepare a trial balance at June 30. Prepare a trial balance at June 30. J. SAGGIT Trial...
BUL MUURE CUISILLE JA owing is an alphabetical list of accounts and balances for J. Saggit,...
BUL MUURE CUISILLE JA owing is an alphabetical list of accounts and balances for J. Saggit, proprietor $12,500 12.9A (LO 4) AP The following is an alphabetical ship, at June 30, 2021: Accounts Payable Accounts Receivable 10,250 Cash Equipment Interest Expense J. Saggit, Capital J. Saggit, Drawings 12,000 Land 64,000 8,000 18,250 Notes Payable $30,000 Prepaid Expenses de 3,000 Rent Expense 4,500 Salaries Expense 7,500 Service Revenue 63,050 Supplies Bruns 5,000 Utilities Expense o 550 500 13 Instructions sorting each...
A list of accounts, in alphabetical order, and their balances at October 31, 2022 is presented...
A list of accounts, in alphabetical order, and their balances at October 31, 2022 is presented below for Blossom Corporation: Accounts payable Accounts receivable Bank loan payable Cash Common shares Deferred revenue Equipment Income tax expense $3,510 6,790 8,670 13,144 20.240 3,220 16,480 1,406 Rent expense Salaries expense Service revenue Supplies Supplies expense Utilities $1,530 7,080 14,900 2,390 900 820 Prepare a trial balance at October 31, 2022 BLOSSOM CORP. Trial Balance Credit Debit Debit Credit Totals
Exercises CHAPTER 2 A list of accounts and their balances at a specific time Used to...
Exercises CHAPTER 2 A list of accounts and their balances at a specific time Used to decrease the balance in an asset account A list of all of a company's accounts An accounting record where transactions are recorded in chronological (date) order (g) (h) () E2-3 Kobayashi Company has the following accounts: Identify type of account, financial statement, and normal balance. Explain normal balances. (LO 1) (1) Account (2) Financial Statement Type of Account (3) Normal Balance Cash Asset M....
Question 7 (10 points) The following is a list of accounts and their balances for Benson...
Question 7 (10 points) The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial balance in good form. Then answer questions 7 - 10. $1,370 770 Cash Accounts Payable Office Equipment Benson, Capital Benson, Withdrawals Accounts Receivable Service Fees Salaries Expense $ 500 1,600 2,730 630 900 1,500 7. The Cash account has which of the following balances? O Debit balance of $1370 Credit balance of $1370...
1 pcs The accounts in the ledger of Overnite Delivery Service contain the following balances on...
1 pcs The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $7,642. Prepaid Insurance $1,968. Accounts Payable $8,396. Maintenance and Repairs Expense $961. Cash $ ? Service Revenue $10,610. Equipment $49,360. Owner's Drawings $700. Gasoline Expense $758. Owner's Capital $42,000. Utilities Expense $523. Salaries and Wages Expense $4,428. Notes Payable $17,000. Salaries and Wages Payable $815. Prepare a trial balance with the accounts arranged as illustrated in the chapter and...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Prepare trial balan statements F2.17 (LO 4) AP A list of accounts and their balances of...
Prepare trial balan statements F2.17 (LO 4) AP A list of accounts and their balances of O'Neill's Psychological Services, at its year end July 31, 2021, is presented below. Supplies $ 790 Notes Payable $22.960 Unearned Revenue 1,350 Salaries Expense 45.540 Supplies Expense 5,960 T. O'Neill. Drawings 57.980 Cash 6.470 Equipment 58,900 Accounts Receivable 7,310 T. O'Neill. Capital 64,340 Accounts Payable 9,030 Service Revenue 96,180 Rent Expense 10.880 Instructions a. Prepare a trial balance in financial statement order. b. Prepare...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
Current Attempt in Progress The following is an alphabetical list of accounts and balances for J. Saggit, proprietorship, at lune 30, 20211 Accounts Payable Accounts Receivable Cash Equipment Interest Expense J.Saggit, Capital J.Saggit, Drawings Land $13,300 10,850 8,500 19,350 530 29,700 12,700 67,800 Notes Payable Prepaid Expenses Rent Expense Salaries Expense Service Revenue Supplies Utilities Expense $31,800 3,200 4,800 8,000 66.810 5,300 580 Prepare a trial balance at June 30. Prepare a trial balance at June 30. J. SAGGIT Trial...
BUL MUURE CUISILLE JA owing is an alphabetical list of accounts and balances for J. Saggit, proprietor $12,500 12.9A (LO 4) AP The following is an alphabetical ship, at June 30, 2021: Accounts Payable Accounts Receivable 10,250 Cash Equipment Interest Expense J. Saggit, Capital J. Saggit, Drawings 12,000 Land 64,000 8,000 18,250 Notes Payable $30,000 Prepaid Expenses de 3,000 Rent Expense 4,500 Salaries Expense 7,500 Service Revenue 63,050 Supplies Bruns 5,000 Utilities Expense o 550 500 13 Instructions sorting each...
A list of accounts, in alphabetical order, and their balances at October 31, 2022 is presented below for Blossom Corporation: Accounts payable Accounts receivable Bank loan payable Cash Common shares Deferred revenue Equipment Income tax expense $3,510 6,790 8,670 13,144 20.240 3,220 16,480 1,406 Rent expense Salaries expense Service revenue Supplies Supplies expense Utilities $1,530 7,080 14,900 2,390 900 820 Prepare a trial balance at October 31, 2022 BLOSSOM CORP. Trial Balance Credit Debit Debit Credit Totals
Exercises CHAPTER 2 A list of accounts and their balances at a specific time Used to decrease the balance in an asset account A list of all of a company's accounts An accounting record where transactions are recorded in chronological (date) order (g) (h) () E2-3 Kobayashi Company has the following accounts: Identify type of account, financial statement, and normal balance. Explain normal balances. (LO 1) (1) Account (2) Financial Statement Type of Account (3) Normal Balance Cash Asset M....
Question 7 (10 points) The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial balance in good form. Then answer questions 7 - 10. $1,370 770 Cash Accounts Payable Office Equipment Benson, Capital Benson, Withdrawals Accounts Receivable Service Fees Salaries Expense $ 500 1,600 2,730 630 900 1,500 7. The Cash account has which of the following balances? O Debit balance of $1370 Credit balance of $1370...
1 pcs The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2017. Accounts Receivable $7,642. Prepaid Insurance $1,968. Accounts Payable $8,396. Maintenance and Repairs Expense $961. Cash $ ? Service Revenue $10,610. Equipment $49,360. Owner's Drawings $700. Gasoline Expense $758. Owner's Capital $42,000. Utilities Expense $523. Salaries and Wages Expense $4,428. Notes Payable $17,000. Salaries and Wages Payable $815. Prepare a trial balance with the accounts arranged as illustrated in the chapter and...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Prepare trial balan statements F2.17 (LO 4) AP A list of accounts and their balances of O'Neill's Psychological Services, at its year end July 31, 2021, is presented below. Supplies $ 790 Notes Payable $22.960 Unearned Revenue 1,350 Salaries Expense 45.540 Supplies Expense 5,960 T. O'Neill. Drawings 57.980 Cash 6.470 Equipment 58,900 Accounts Receivable 7,310 T. O'Neill. Capital 64,340 Accounts Payable 9,030 Service Revenue 96,180 Rent Expense 10.880 Instructions a. Prepare a trial balance in financial statement order. b. Prepare...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
Most questions answered within 3 hours.
-
a
62 kg sprinter, started from resr, runs 47 m in 7 s at a constant...
asked 3 minutes ago -
For python 3.7. This should only be a few lines if any, but for
some reason...
asked 14 minutes ago -
what is IoT? How is it being used today? How will it be used in
the...
asked 27 minutes ago -
Please answer the four questions below.
1. If you were going to test a method that...
asked 42 minutes ago -
Provide two or three examples of support he uses to reinforce
his arguments?
The Alienation of...
asked 49 minutes ago -
QUESTION 1
Why do we see terms with multiple names in the database
community?
Consistency is...
asked 44 minutes ago -
In a titration experiment, 11.5 mL of 0.400 M H2SO4 neutralized
48.0 mL of NaOH. What...
asked 49 minutes ago -
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 1 hour ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 1 hour ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 2 hours ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 1 hour ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 1 hour ago