Homework Answers
1. Worksheet -
2. Adjusting Entries -
3. Income Statement -
4. Statement of Owner's Equity -
5. Balance Sheet -
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Benner Hair Salon ADJUSTED TRIAL BALANCE March 31, 20.- DEBIT CREDIT ACCOUNT TITLE 1 Cash 4,440.00...
Calculator Credit Use the adjusted trial balance below. Adjusted Trial Balance Account Title Debit Cash 26,000...
Calculator Credit Use the adjusted trial balance below. Adjusted Trial Balance Account Title Debit Cash 26,000 Accounts Receivable 3,300 Prepaid Insurance 6,600 Supplies 1,200 Land 42,300 Equipment 5,700 Accumulated Depreciation Equipment Accounts Payable þwner, Capital pwner, Drawing 3,200 Service Fees Wages Expense 8,500 Supplies Expense 2,100 Utilities Expense 200 Insurance Expense 100 Depreciation Expense-Equipment 5,500 104,700 5,500 5,300 73,900 20,000 104,700 a. For each account, open a T account, title the account, and place its balance in it. Cash Accounts...
Kohl's Home Repair Trial Balance May 31, 20-- Debit Credit Account Balance Balance Cash 21,805 Accounts...
Kohl's Home Repair Trial Balance May 31, 20-- Debit Credit Account Balance Balance Cash 21,805 Accounts Receivable 2,700 < Office Supplies 160 Prepaid Insurance 1,100 Equipment 8,200 Van 6,000 Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing 4,400 25,000 2,900 Service Fees 15,500 Rent Expense 850 Wilhelm Kohl, Capital 25,000 Wilhelm Kohl, Drawing 2,900 Service Fees 15,500 850 Rent Expense Wages Expense 800 Phone Expense 230 Gas and Oil Expense 155 Totals 44,900 44,900 Change in owner's equity: $25,000 Wilhelm...
Eva's Laundry Trial Balance May 31, 2019 Unadjusted Adjusted Debit Credit Balances Credit Balances Debit Balances...
Eva's Laundry Trial Balance May 31, 2019 Unadjusted Adjusted Debit Credit Balances Credit Balances Debit Balances Balances Cash 8.860 8,860 Accounts Receivable Laundry Supplies 21,500 4,300 25,800 6,320 6,120 1,650 209.400 216,490 Prepaid Insurance Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable Wages Payable Eva Baldwin, Capital 56,700 11.340 56,700 11,340 1,420 130,300 Eva Baldwin, Drawing 130,300 33,900 Laundry Revenue 33.900 206,840 206,840 58,110 58.110 30,230 30,230 21.090 Wages Expense Rent Expense Uitles Expense Depreciation Expense Laundry Supplies Expense Insurance Expense...
1. Journalize and post the closing entries ADIUSTMENTS DEBIT CREDIT ADJUSTED TRIAL BALANCE DEBIT INCOME STATEMENT...
1. Journalize and post the closing entries
ADIUSTMENTS DEBIT CREDIT ADJUSTED TRIAL BALANCE DEBIT INCOME STATEMENT CREDIT MALANCE SHEET Debat TRIAL RALANCE DEBIT CREDIT 43171 3165 2376 3155 2276 405 7000 7000 890 3500 3500 ACCOUNT TITLES Cash Accounts Receivable Merchandise Inventory Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Wages Payable Note Payable Capital Drawing Sales Sales Returns Sales Discounts Cost of Merchandise Sold Salaries Expense Supplies Expense Depreciation Expense Misc. Expense Freight Expense 3750 1501 1800 1000 2100...
Please Answer boxes Trial Daianice May 31, 20Y3 Unadjusted Debit Credit Balances Balances Adjusted Debit Credit...
Please Answer boxes
Trial Daianice May 31, 20Y3 Unadjusted Debit Credit Balances Balances Adjusted Debit Credit Balances Balances Cash 8,280 8,280 20,100 24,120 4,020 5,910 5,720 1,540 205,430 212,060 53,000 Accounts Receivable Laundry Supplies Prepaid Insurance* Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable Wages Payable Eva Baldwin, Capital Eva Baldwin, Drawing Laundry Revenue Wages Expense 53,000 10,600 10,600 1,330 121,800 121,800 31,700 31,700 203,050 203,050 54,320 54,320 Rent Expense 28,260 28,260 20,460 20,460 6,630 Utilities Expense Depreciation Expense Laundry Supplies...
Grodimans Company Adjusted Trial Balnace 31-Dec-17 Debit Credit 63,000 170,000 1,600 420,000 9,400 Account Title Cash...
Grodimans Company Adjusted Trial Balnace 31-Dec-17 Debit Credit 63,000 170,000 1,600 420,000 9,400 Account Title Cash Accounts Receivable Allowance for doubtful accounts Equipment Accumulated Depreciation Accounts Payable Notes Payable J.D. Davidson, Capital J.D. Davidson, Drawing Fees Earned Wages Expense Rent Expense Depreciation Expense Totals 14,000 32,000 47,000 8,000 85,000 31,000 25,000 3,000 189,000 189,00C Using the company spreadsheet above, the entry to close expenses would be: 420,UUU Cquipment Accumulated 9,400 Depreciation Accounts Payable 14,000 Notes Payable 32,000 J.D. Davidson, Capital...
Calculator Tome Statement Adjusted Trial Balance Debit Credit Balance Sheet Account Title Debit Credit Credit 14,500...
Calculator Tome Statement Adjusted Trial Balance Debit Credit Balance Sheet Account Title Debit Credit Credit 14,500 Accounts Receivable 7,500 Equipment 20.500 15.000 Accumulated Depr-Equip Accounts Payable 9.500 Wages Payable 3.000 Common Stock 18,240 Dividends 1.000 Fees Earned 34.000 Wages Expense 15.000 Rent Expense 9.300 Depreciation Expense 3.500 Totals 79.800 79,800 Net LOSS (Previous
The adjusted trial balance of Karise Repairs on December 31 follows. No. Credit Debit $ 97,000...
The adjusted trial balance of Karise Repairs on December 31 follows. No. Credit Debit $ 97,000 1,900 3,000 53,000 $ KARISE REPAIRS Adjusted Trial Balance December 31 Account Title 101 Cash 124 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, withdrawals 401 Repair fees earned 612 Depreciation expense-Equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 Office supplies expense 690 Utilities expense Totals...
Selected worksheet data for Elsayed Company are presented below. Trial Balance Debit Credit Adjusted Trial Balance...
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 4,051 96,094 88,888 10,675 4,429 48,737 Fill in the missing amounts. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance...
Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts...
Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts Receivable 6,400 Office Supplies 2,200 Prepaid Insurance 2,400 Equipment 28,000 Accumulated Depreciation-Equipment $8,500 Accounts Payable 5,100 Salaries Payable Common Stock 12,200 Dividends 27,000 Service Revenue 73,000 Depreciation Expense-Equipment Supplies Expense Utilities Expense 4,700 Salaries Expense 24,500 Insurance Expense Total $98,800 $98,800 a. As of December 31, Ganville had performed $100 of service revenue but has not yet billed customers. b. At the end of...
Calculator Credit Use the adjusted trial balance below. Adjusted Trial Balance Account Title Debit Cash 26,000 Accounts Receivable 3,300 Prepaid Insurance 6,600 Supplies 1,200 Land 42,300 Equipment 5,700 Accumulated Depreciation Equipment Accounts Payable þwner, Capital pwner, Drawing 3,200 Service Fees Wages Expense 8,500 Supplies Expense 2,100 Utilities Expense 200 Insurance Expense 100 Depreciation Expense-Equipment 5,500 104,700 5,500 5,300 73,900 20,000 104,700 a. For each account, open a T account, title the account, and place its balance in it. Cash Accounts...
Kohl's Home Repair Trial Balance May 31, 20-- Debit Credit Account Balance Balance Cash 21,805 Accounts Receivable 2,700 < Office Supplies 160 Prepaid Insurance 1,100 Equipment 8,200 Van 6,000 Accounts Payable Wilhelm Kohl, Capital Wilhelm Kohl, Drawing 4,400 25,000 2,900 Service Fees 15,500 Rent Expense 850 Wilhelm Kohl, Capital 25,000 Wilhelm Kohl, Drawing 2,900 Service Fees 15,500 850 Rent Expense Wages Expense 800 Phone Expense 230 Gas and Oil Expense 155 Totals 44,900 44,900 Change in owner's equity: $25,000 Wilhelm...
Eva's Laundry Trial Balance May 31, 2019 Unadjusted Adjusted Debit Credit Balances Credit Balances Debit Balances Balances Cash 8.860 8,860 Accounts Receivable Laundry Supplies 21,500 4,300 25,800 6,320 6,120 1,650 209.400 216,490 Prepaid Insurance Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable Wages Payable Eva Baldwin, Capital 56,700 11.340 56,700 11,340 1,420 130,300 Eva Baldwin, Drawing 130,300 33,900 Laundry Revenue 33.900 206,840 206,840 58,110 58.110 30,230 30,230 21.090 Wages Expense Rent Expense Uitles Expense Depreciation Expense Laundry Supplies Expense Insurance Expense...
1. Journalize and post the closing entries
ADIUSTMENTS DEBIT CREDIT ADJUSTED TRIAL BALANCE DEBIT INCOME STATEMENT CREDIT MALANCE SHEET Debat TRIAL RALANCE DEBIT CREDIT 43171 3165 2376 3155 2276 405 7000 7000 890 3500 3500 ACCOUNT TITLES Cash Accounts Receivable Merchandise Inventory Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Wages Payable Note Payable Capital Drawing Sales Sales Returns Sales Discounts Cost of Merchandise Sold Salaries Expense Supplies Expense Depreciation Expense Misc. Expense Freight Expense 3750 1501 1800 1000 2100...
Please Answer boxes
Trial Daianice May 31, 20Y3 Unadjusted Debit Credit Balances Balances Adjusted Debit Credit Balances Balances Cash 8,280 8,280 20,100 24,120 4,020 5,910 5,720 1,540 205,430 212,060 53,000 Accounts Receivable Laundry Supplies Prepaid Insurance* Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable Wages Payable Eva Baldwin, Capital Eva Baldwin, Drawing Laundry Revenue Wages Expense 53,000 10,600 10,600 1,330 121,800 121,800 31,700 31,700 203,050 203,050 54,320 54,320 Rent Expense 28,260 28,260 20,460 20,460 6,630 Utilities Expense Depreciation Expense Laundry Supplies...
Grodimans Company Adjusted Trial Balnace 31-Dec-17 Debit Credit 63,000 170,000 1,600 420,000 9,400 Account Title Cash Accounts Receivable Allowance for doubtful accounts Equipment Accumulated Depreciation Accounts Payable Notes Payable J.D. Davidson, Capital J.D. Davidson, Drawing Fees Earned Wages Expense Rent Expense Depreciation Expense Totals 14,000 32,000 47,000 8,000 85,000 31,000 25,000 3,000 189,000 189,00C Using the company spreadsheet above, the entry to close expenses would be: 420,UUU Cquipment Accumulated 9,400 Depreciation Accounts Payable 14,000 Notes Payable 32,000 J.D. Davidson, Capital...
Calculator Tome Statement Adjusted Trial Balance Debit Credit Balance Sheet Account Title Debit Credit Credit 14,500 Accounts Receivable 7,500 Equipment 20.500 15.000 Accumulated Depr-Equip Accounts Payable 9.500 Wages Payable 3.000 Common Stock 18,240 Dividends 1.000 Fees Earned 34.000 Wages Expense 15.000 Rent Expense 9.300 Depreciation Expense 3.500 Totals 79.800 79,800 Net LOSS (Previous
The adjusted trial balance of Karise Repairs on December 31 follows. No. Credit Debit $ 97,000 1,900 3,000 53,000 $ KARISE REPAIRS Adjusted Trial Balance December 31 Account Title 101 Cash 124 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, withdrawals 401 Repair fees earned 612 Depreciation expense-Equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 Office supplies expense 690 Utilities expense Totals...
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 4,051 96,094 88,888 10,675 4,429 48,737 Fill in the missing amounts. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance...
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