Homework Answers
| Income Summary | |||
| 2 | 12,660 | 1 | 15,500 |
| 3 | 2,840 | ||
| Total | 15,500 | Total | 15,500 |
| Retained Earnings | |||
| 4 | 3,900 | Balance on April 30, 2019 | 7,760 |
| Balance to be carried forrward | 6,700 | 3 | 2,840 |
| Total | 10,600 | Total | 10,600 |
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Cr. Concord Company Worksheet (Partial) For the Month Ended April 30,...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,500 Accounts Receivable 7,760 Prepaid Rent 2,080 Equipment 22,950 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 21,000 Retained Earnings 7,250 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 10,560 Rent Expense 800 Depreciation Expense 600 Interest Expense Interest Payable Totals 59,180 59,180 30...
Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is...
Journalize the closing entries at April 30. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Pina Colada Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 7,900 2,000 22,800 5,000 5,600 4,800 22,740 7,010 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr....
Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 8,020 Prepaid Rent 2,000 Equipment 23,100 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,500 Accounts Payable 5,000 Common Stock 21,870 Retained Earnings 7,700 Dividends 3,800 Service Revenue 16,000 Salaries and Wages Expense 10,800 Rent Expense 750 Depreciation Expense 600 Interest Expense 90 Interest Payable 90 Totals 60,660 60,660 Flounder Company Income Statement $ $ $
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service...
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,200; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. W no entry is...
Concord Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account...
Concord Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,670 Accounts Receivable 3,780 Supplies 520 Accounts Payable $1,500 Unearned Service Revenue 140 Common Stock 3,340 Retained Earnings 2,000 Dividends 800 Service Revenue 5,100 Salaries and Wages Expense 1,300 Miscellaneous Expense 310 Supplies Expense 2,200 Salaries and Wages Payable 500 $12,580 $12,580 Prepare a post-closing trial balance, Concord Company Post-Closing Trial Balance For the Month Ended June 30, 2022 Debit...
The adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
The adjusted trial balance
columns of the worksheet for Blue Spruce Company are as follows.
Blue Spruce Company Worksheet (Partial) For the Month Ended April
30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400
Accounts Receivable 7,900 Prepaid Rent 2,100 Equipment 23,300
Accumulated Depreciation—Equip. 4,500 Notes Payable 5,500 Accounts
Payable 4,800 Common Stock 22,290 Retained Earnings 7,810 Dividends
3,500 Service Revenue 15,800 Salaries and Wages Expense 10,900 Rent
Expense 900 Depreciation Expense 700 Interest Expense 60 Interest
Payable...
he adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
Cash 11,000 Accounts Receivable 7,300 Prepaid Rent 2,200 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700...
Cash 11,000 Accounts Receivable 7,300 Prepaid Rent 2,200 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700 Accounts Payable 4,500 Common Stock 22,790 Retained Earnings 7,030 Dividends 3,600 Service Revenue 15,200 Salaries and Wages Expense 11,000 Rent Expense 900 Depreciation Expense Interest Expense Interest Payable Totals 59,750 59,750 NO. Date ACCOUNE Trues and explanation WEDNE (1) Apr. 30 (To dose revenue account) (2) Apr. 30 (To dose expense accounts) (3) Apr. 30 (To dose net income / (loss)) (4) Apr. 30...
The adjusted trial balance columns of the worksheet for Culver Company are as follows. Culver Company...
The adjusted trial balance columns of the worksheet for Culver Company are as follows. Culver Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 7,500 Prepaid Rent 2,300 Equipment 23,200 Accumulated Depreciation—Equip. 4,900 Notes Payable 5,900 Accounts Payable 4,900 Common Stock 21,200 Retained Earnings 7,930 Dividends 3,400 Service Revenue 15,300 Salaries and Wages Expense 10,800 Rent Expense 800 Depreciation Expense 630 Interest Expense 20 Interest Payable 20...
The adjusted trial balance columns of the worksheet for Swifty Company are as follows. Swifty Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cash 10,500 Accounts Receivable 7,760 Prepaid Rent 2,080 Equipment 22,950 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,900 Accounts Payable 5,000 Common Stock 21,000 Retained Earnings 7,250 Dividends 3,900 Service Revenue 15,500 Salaries and Wages Expense 10,560 Rent Expense 800 Depreciation Expense 600 Interest Expense Interest Payable Totals 59,180 59,180 30...
Journalize the closing entries at April 30. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually.)
The adjusted trial balance columns of the worksheet for Pina Colada Company are as follows. Pina Colada Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 7,900 2,000 22,800 5,000 5,600 4,800 22,740 7,010 Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 8,020 Prepaid Rent 2,000 Equipment 23,100 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,500 Accounts Payable 5,000 Common Stock 21,870 Retained Earnings 7,700 Dividends 3,800 Service Revenue 16,000 Salaries and Wages Expense 10,800 Rent Expense 750 Depreciation Expense 600 Interest Expense 90 Interest Payable 90 Totals 60,660 60,660 Flounder Company Income Statement $ $ $
The income statement for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $109,400; Salaries Expense $61,200; Repairs and Maintenance Expense $16,000; Supplies Expense $7,000; Utilities Expense $2,600; and Income Tax Expense $6,700. The statement of changes in equity shows an opening balance for Retained Earnings of $50,100 and Dividends Declared $11,000. Prepare the closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. W no entry is...
Concord Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,670 Accounts Receivable 3,780 Supplies 520 Accounts Payable $1,500 Unearned Service Revenue 140 Common Stock 3,340 Retained Earnings 2,000 Dividends 800 Service Revenue 5,100 Salaries and Wages Expense 1,300 Miscellaneous Expense 310 Supplies Expense 2,200 Salaries and Wages Payable 500 $12,580 $12,580 Prepare a post-closing trial balance, Concord Company Post-Closing Trial Balance For the Month Ended June 30, 2022 Debit...
The adjusted trial balance
columns of the worksheet for Blue Spruce Company are as follows.
Blue Spruce Company Worksheet (Partial) For the Month Ended April
30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400
Accounts Receivable 7,900 Prepaid Rent 2,100 Equipment 23,300
Accumulated Depreciation—Equip. 4,500 Notes Payable 5,500 Accounts
Payable 4,800 Common Stock 22,290 Retained Earnings 7,810 Dividends
3,500 Service Revenue 15,800 Salaries and Wages Expense 10,900 Rent
Expense 900 Depreciation Expense 700 Interest Expense 60 Interest
Payable...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
Cash 11,000 Accounts Receivable 7,300 Prepaid Rent 2,200 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700 Accounts Payable 4,500 Common Stock 22,790 Retained Earnings 7,030 Dividends 3,600 Service Revenue 15,200 Salaries and Wages Expense 11,000 Rent Expense 900 Depreciation Expense Interest Expense Interest Payable Totals 59,750 59,750 NO. Date ACCOUNE Trues and explanation WEDNE (1) Apr. 30 (To dose revenue account) (2) Apr. 30 (To dose expense accounts) (3) Apr. 30 (To dose net income / (loss)) (4) Apr. 30...
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