Homework Answers
| No. | Accounts title and explanations | Debit $ | Credit $ |
| 1 | Insurance expense | $ 300 | |
| Preapid insurance | $ 300 | ||
| 2 |
Supplies Expense ($ 2,600 (-) $ 1,050 ) |
$ 1,550 | |
| Supplies | $ 1,550 | ||
| 3(a) |
Depreciation Expense ( $ 3,480 / 12) |
$ 290 | |
| Accumulated depreciation - Buildings | $ 290 | ||
| 3(b) |
Depreciation Expense ( $ 2,880 / 12 ) |
$ 240 | |
| Accumulated Depreciation - Equipment | $ 240 | ||
| 4 |
Interest Expense ( $ 36,000 x 5% x 1/12)) |
$ 150 | |
| Interest payable | $ 150 | ||
| 5 | Unearned rent revenue | $ 2,590 | |
| Rent revenue | $ 2,590 | ||
| 6 | Salaries and wages Expense | $ 730 | |
| Salaries and wages payable | $ 730 |
Add Answer to:
Question 3 of 4 Credit Debit $ 2,623 2,600 1,800 15,123 70,000 16,800 Cash Supplies Prepaid...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipment Accounts Payable $4.773 Unearned Rent Revenue Mortgage Payable 3,300 33,600 60,073 9,000 Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense 3,000 800 Advertising Expense 500 $110.746 $110,746 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,840 on...
MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 2,333 Supplies 2,600 Prepaid Insurance...
MOTO HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the rate of $450 per month.
2.
A count of supplies shows $1,070 of unused supplies on May
31.
3.
(a)...
The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before...
The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. SUNLAND HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,623 Supplies 2,600 1,800 Prepaid Insurance Land 15,123 Buildings 70,000 Equipment 16,800 Accounts Payable $4,823 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,123 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,246 $113,246 Other data: MacBook Air 1. Insurance expires at...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.)...
Chapter 4 Homework Question 7 of 7 < 0.1 / 1 Questi Credit Questio Accountin Debit...
Chapter 4 Homework Question 7 of 7 < 0.1 / 1 Questi Credit Questio Accountin Debit $ 2.500 2.600 1,800 15,000 70,000 16,800 Questi Account Quest Account Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $4,700 3,300 36,000 60,000 9,000 Ques Acco Que: Accou 3,000 800 500 $113,000 $113,000 Que Acco Vie Acc Other data: 1. 2. 3. Insurance expires at the...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.
MOTO
HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages
Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,700 25.000 10.800 61,000 0 18.000 An analysis of the accounts shows the following. The equipment depreciates $300 per month 2 One-third of the uneared rent revenue was earned during the quarter 3. Interest totaling $625 is accrued on the notes payable for the quarter 4. Supplies on hand total 5680. Insurance expires...
The Moto Hotel opened for business on May 1, 2017. Here is itstrial balance before...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.MOTO HOTELTrial BalanceMay 31, 2017DebitCreditCash$ 2,333Supplies2,600Prepaid Insurance1,800Land14,833Buildings67,600Equipment16,800Accounts Payable$ 4,533Unearned Rent Revenue3,300Mortgage Payable33,600Common Stock59,833Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500$110,266$110,266Other data:1.Insurance expires at the rate of $450 per month.2.A count of supplies shows $1,070 of unused supplies on May
31.3.(a) Annual depreciation is $3,840 on the building.(b) Annual depreciation is $3,240 on equipment.4.The mortgage interest rate is 5%. (The mortgage was taken...
Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable...
Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on...
14HINWIR (Part 1) Credit Cash Supplies Prepaid Insurance Debit $ 2,573 2.600 1,800 15,073 67,600 16,800 Land Buildings Equipment Accounts Payable $4.773 Unearned Rent Revenue Mortgage Payable 3,300 33,600 60,073 9,000 Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense 3,000 800 Advertising Expense 500 $110.746 $110,746 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,840 on...
MOTO HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the rate of $450 per month.
2.
A count of supplies shows $1,070 of unused supplies on May
31.
3.
(a)...
The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. SUNLAND HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,623 Supplies 2,600 1,800 Prepaid Insurance Land 15,123 Buildings 70,000 Equipment 16,800 Accounts Payable $4,823 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,123 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,246 $113,246 Other data: MacBook Air 1. Insurance expires at...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.)...
Chapter 4 Homework Question 7 of 7 < 0.1 / 1 Questi Credit Questio Accountin Debit $ 2.500 2.600 1,800 15,000 70,000 16,800 Questi Account Quest Account Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $4,700 3,300 36,000 60,000 9,000 Ques Acco Que: Accou 3,000 800 500 $113,000 $113,000 Que Acco Vie Acc Other data: 1. 2. 3. Insurance expires at the...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.
MOTO
HOTEL
Trial Balance
May 31, 2017
Debit
Credit
Cash
$ 2,333
Supplies
2,600
Prepaid Insurance
1,800
Land
14,833
Buildings
67,600
Equipment
16,800
Accounts Payable
$ 4,533
Unearned Rent Revenue
3,300
Mortgage Payable
33,600
Common Stock
59,833
Rent Revenue
9,000
Salaries and Wages
Expense
3,000
Utilities Expense
800
Advertising Expense
500
$110,266
$110,266
Other data:
1.
Insurance expires at the...
CALOVATO Credit Debit $3,600 2.900 18,750 Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $ 8,700 25.000 10.800 61,000 0 18.000 An analysis of the accounts shows the following. The equipment depreciates $300 per month 2 One-third of the uneared rent revenue was earned during the quarter 3. Interest totaling $625 is accrued on the notes payable for the quarter 4. Supplies on hand total 5680. Insurance expires...
The Moto Hotel opened for business on May 1, 2017. Here is its
trial balance before adjustment on May 31.MOTO HOTELTrial BalanceMay 31, 2017DebitCreditCash$ 2,333Supplies2,600Prepaid Insurance1,800Land14,833Buildings67,600Equipment16,800Accounts Payable$ 4,533Unearned Rent Revenue3,300Mortgage Payable33,600Common Stock59,833Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500$110,266$110,266Other data:1.Insurance expires at the rate of $450 per month.2.A count of supplies shows $1,070 of unused supplies on May
31.3.(a) Annual depreciation is $3,840 on the building.(b) Annual depreciation is $3,240 on equipment.4.The mortgage interest rate is 5%. (The mortgage was taken...
Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 15 minutes ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 1 hour ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 3 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 4 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 5 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 7 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 6 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 7 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 7 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 7 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 7 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 7 hours ago