Homework Answers
Dollar value of total property, plant and equipment is -
Building 450,000
Accumulated depreciation. -95000
Land 550000
Total property , plant &. 905,000
Equipment.
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Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 38,900 $ 27,000 $ 93,600 $ 234,000 $ 89,000 $ 300,000 $ 23,000 $ 20,000 $ 4,000 $ 200,000 $ 250,000 $ 98,000 $ 26,000 $ 53,000 $ 8.000 $ 120,000...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 400,000 $ 45,000 $ 15,500 $ 405,000 $ 40,000 $ 5,700 $ 18,000 $ 45,000 $ 133,000 $ 29,000 $ 13,700 $ 32,000 $ 4,900 $ 189,000 $ 5,600 What are the...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 640,000 $ 38,000 $ 13,000 $ 380,600 $ 25,000 $ 2,900 $ 25,300 $ 124,000 $ 32,000 $ 153,700 $ 12,000 $ 54,600 $ 6,000 $ 260,000 $ 3,800 $ What is...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 600,000 $ 101,000 $ 32,000 $ 912,000 $ 90,000 $ 12,800 $ 40,500 $ 101,200 $ 300,000 $ 65,100 $ 30,900 $ 72,000 $ 11,100 $ 426,000 $ 12,600 What is the...
4. The balances for the accounts of Milo's Management Co. for the year ended December 31...
4. The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 36,000 6,000 50,000 4,000 48,000 Accounts Payable..... $ 6,500 Wages Expense......... Accounts Receivable... 7,000 Rent Expense..... Cash.... ? Land.... Office Supplies 1,200 Unearned Management Fees Building. 125,000 D. Milo, Withdrawals Supplies Expense...... 21,500 D. Milo, Capital... 118,700 Management Revenue. 175,000 Calculate the correct balance for Cash and prepare a trial balance.
The adjusted trial balance for Bay Shore Tax Accountants for the year-ended December 31, 2020 is...
The adjusted trial balance for Bay Shore Tax Accountants for the year-ended December 31, 2020 is included below. Only use the information below to answer the question. Do NOT rely on information provided in another question. Bay Shore Tax Accountants Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 40,000 $ 18,000 $ 270,000 $ 86,000 $ 900,000 $ 120,600 $ 720,000 $ 81,000 $ 28,000 $ 330,000 $ 729,000 $ 33,100 $ 72,600 Accounts Payable Accounts Receivable...
his alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2020, year-end:...
his alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2020, year-end: Debit Credit Accounts payable $ 43,800 Accounts receivable $ 18,500 Accumulated depreciation, automobiles 68,800 Accumulated depreciation, equipment 20,300 Advertising expense 8,800 Automobiles 138,000 Cash 10,800 Depreciation expense, automobiles 13,000 Depreciation expense, equipment 3,900 Equipment 64,000 Revenue 235,800 Interest income 150 Interest expense 3,300 Interest payable 75 Interest receivable 300 John Conroe, capital 22,800 John Conroe, withdrawals 18,800 Land 34,000 Long-term notes payable 113,000 Notes...
The following information is available for Juxton Company for the year ended December 31, 2020: Accounts...
The following information is available for Juxton Company for the year ended December 31, 2020: Accounts payable Salaries Expense Depreciation Expense Accumulated depreciation, equipment Juxton, Capital Supplies Expense Copyrights Notes payable (due in 5 years) Accounts receivable Cash Short-term investments Unearned revenue Equipment Long-term investments $ 2,700 5,400 3,200 4,000 7,800 1,200 2,500 7,500 2,500 2,600 1,500 1,500 7,500 6,900 O Keith Herrick, CPA, opened a small accounting practice on January 1, 2020. Keith prepares his financial statements monthly. During...
list of accounts Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
10) The balances for the accounts of Milo's Management Co. for the year ended December 31...
10) The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 7,000 Wages Expense......... Rent Expense............ 36,000 6,000 Accounts Payable..... Accounts Receivable... Cash..................... Office Supplies. Building................. Supplies Expense...... Common Stock........... Management Revenue. ? 1,200 125,000 I 21.500 I 118,700 175,000 Land. Unearned Management Fees Dividends 50,000 4,000 48,000 DIT Write your answer in the space provided or on a separate sheet of paper. eginning cash...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 38,900 $ 27,000 $ 93,600 $ 234,000 $ 89,000 $ 300,000 $ 23,000 $ 20,000 $ 4,000 $ 200,000 $ 250,000 $ 98,000 $ 26,000 $ 53,000 $ 8.000 $ 120,000...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 400,000 $ 45,000 $ 15,500 $ 405,000 $ 40,000 $ 5,700 $ 18,000 $ 45,000 $ 133,000 $ 29,000 $ 13,700 $ 32,000 $ 4,900 $ 189,000 $ 5,600 What are the...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 640,000 $ 38,000 $ 13,000 $ 380,600 $ 25,000 $ 2,900 $ 25,300 $ 124,000 $ 32,000 $ 153,700 $ 12,000 $ 54,600 $ 6,000 $ 260,000 $ 3,800 $ What is...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense Miscellaneous Expense Prepaid Insurance Expense Rent Expense Retained Earnings Sales Revenue Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 600,000 $ 101,000 $ 32,000 $ 912,000 $ 90,000 $ 12,800 $ 40,500 $ 101,200 $ 300,000 $ 65,100 $ 30,900 $ 72,000 $ 11,100 $ 426,000 $ 12,600 What is the...
4. The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 36,000 6,000 50,000 4,000 48,000 Accounts Payable..... $ 6,500 Wages Expense......... Accounts Receivable... 7,000 Rent Expense..... Cash.... ? Land.... Office Supplies 1,200 Unearned Management Fees Building. 125,000 D. Milo, Withdrawals Supplies Expense...... 21,500 D. Milo, Capital... 118,700 Management Revenue. 175,000 Calculate the correct balance for Cash and prepare a trial balance.
The adjusted trial balance for Bay Shore Tax Accountants for the year-ended December 31, 2020 is included below. Only use the information below to answer the question. Do NOT rely on information provided in another question. Bay Shore Tax Accountants Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 40,000 $ 18,000 $ 270,000 $ 86,000 $ 900,000 $ 120,600 $ 720,000 $ 81,000 $ 28,000 $ 330,000 $ 729,000 $ 33,100 $ 72,600 Accounts Payable Accounts Receivable...
The following information is available for Juxton Company for the year ended December 31, 2020: Accounts payable Salaries Expense Depreciation Expense Accumulated depreciation, equipment Juxton, Capital Supplies Expense Copyrights Notes payable (due in 5 years) Accounts receivable Cash Short-term investments Unearned revenue Equipment Long-term investments $ 2,700 5,400 3,200 4,000 7,800 1,200 2,500 7,500 2,500 2,600 1,500 1,500 7,500 6,900 O Keith Herrick, CPA, opened a small accounting practice on January 1, 2020. Keith prepares his financial statements monthly. During...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
10) The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. 7,000 Wages Expense......... Rent Expense............ 36,000 6,000 Accounts Payable..... Accounts Receivable... Cash..................... Office Supplies. Building................. Supplies Expense...... Common Stock........... Management Revenue. ? 1,200 125,000 I 21.500 I 118,700 175,000 Land. Unearned Management Fees Dividends 50,000 4,000 48,000 DIT Write your answer in the space provided or on a separate sheet of paper. eginning cash...
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