Homework Answers
Adjusting entry for rent expense would include:
A debit to rent expense $150
and
A credit to rent payable $150
Add Answer to:
The trial balance for Sunland Company appears as follows: $300 522 82 Sunland Company Trial Balance...
The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December...
The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December 31, 2020 Cash $ 300 Accounts Receivable 522 Prepaid Insurance 82 Supplies 180 Equipment 4,000 Accumulated Depreciation - Equipment $ 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 $6,584 $6,584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would...
The trial balance for McGoo Company appears as follows: McGoo Company Trial Balance December 31, 2020...
The trial balance for McGoo Company appears as follows: McGoo Company Trial Balance December 31, 2020 Cash $ 300 Accounts Receivable 522 Prepaid Insurance 82 Supplies 180 Equipment 4,000 Accumulated Depreciation - Equipment $ 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 $6,584 $6,584 If, on December 31, 2020 supplies on hand were $50, the adjusting entry would contain a Group of answer choices A)debit to Supplies...
Question 43 2 pts The trial balance for Black Corporation appears as follows: BLACK CORPORATION Trial...
Question 43 2 pts The trial balance for Black Corporation appears as follows: BLACK CORPORATION Trial Balance December 31, 2025 Cash $300 522 82 180 4,000 $600 384 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries & Wages Expense Rent Expense Totals 1.200 1.400 3,000 1.000 500 $6,584 $6,584 If, on December 31, 2025, supplies on hand were $40, the adjusting entry would contain a credit to Supplies Expense...
The trial balance for Swifty Corporation appears as follows: $280 491 77 169 Swifty Corporation Trial...
The trial balance for Swifty Corporation appears as follows: $280 491 77 169 Swifty Corporation Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 3760 $560 361 1130 1320 2816 940 470 $6187 $6187 If service for $165 had been performed but not billed, the adjusting entry to record this would include a:
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $...
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $ 300 Accounts Receivable 522 Prepaid Insurance 74 Supplies 160 Equipment 4,000 Accumulated Depreciation, Equipment 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? Group of answer choices
SELECT BEST ANSWER 5- The trial balance for Sheridan Company appears as follows: Sheridan Company Trial...
SELECT BEST ANSWER 5- The trial balance for Sheridan Company appears as follows: Sheridan Company Trial Balance December 31, 2022 Cash $310 Accounts Receivable 543 Prepaid Insurance 85 Supplies 187 Equipment 4160 Accumulated Depreciation, Equipment $620 Accounts Payable 399 Common Stock 1250 Retained Earnings 1460 Service Revenue 3116 Salaries and Wages Expense 1040 Rent Expense 520 $6845 $6845 If the estimated depreciation for equipment were $624, the adjusting entry would contain a: credit to Accumulated Depreciation, Equipment for $624. credit...
The trial balance for Blue Spruce Corp. appears as follows: Blue Spruce Corp. Trial Balance December...
The trial balance for Blue Spruce Corp. appears as follows: Blue Spruce Corp. Trial Balance December 31, 2022 $260 459 72 158 3520 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $530 338 1060 1230 2631 880 440 $5789 $5789 If service for $154 had been performed but not billed, the adjusting entry to record this would include a: O debit to Service Revenue...
The adjusted trial balance for Sunland Company is given in below. Sunland Company Trial Balance August...
The adjusted trial balance for Sunland Company is given in below. Sunland Company Trial Balance August 31, 2017 Before Adjustment Dr. Cr. Cash €10,376 Accounts Receivable 8,592 Supplies 2,496 Prepaid Insurance 3,961 Equipment 12,943 Accumulated Depreciation Equipment € 3,449 Accounts Payable 5,804 Salaries and Wages Payable 0 Unearned Rent Revenue 1,327 Share Capital-Ordinary 11,621 Retained Earnings 3,070 Service Revenue 33,913 Rent Revenue 11,045 Salaries and Wages Expense 16,934 Supplies Expense 0 Rent Expense 14,927 Insurance Expense 0 Depreciation Expense 0...
The Sunland Company opened for business on May 1, 2019. Its trial balance before adjustment on...
The Sunland Company opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Sunland Company Trial Balance May 31, 2019 Account Number Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Debit Credit $3,400 2,000 3.000 14,000 58.800 15,000 $ 11,400 3.400 40,000 35,900 10,400 650 3.400 850 $101,100 $101,100 Utilities Expense In addition to those accounts...
The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below....
The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the company’s reporting year-end. Account Title Debits Credits Cash 2,250 Accounts receivable 8,250 Prepaid insurance 3,400 Land 225,000 Buildings 65,000 Accumulated depreciation—buildings 26,000 Office equipment 99,000 Accumulated depreciation—office equipment 39,600 Accounts payable 29,550 Salaries payable 0 Deferred rent revenue 0 Common stock 240,000 Retained earnings 47,850 Service revenue 85,000 Interest revenue 4,600 Rent revenue 5,700 Salaries expense 34,000 Depreciation expense 0...
Question 43 2 pts The trial balance for Black Corporation appears as follows: BLACK CORPORATION Trial Balance December 31, 2025 Cash $300 522 82 180 4,000 $600 384 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries & Wages Expense Rent Expense Totals 1.200 1.400 3,000 1.000 500 $6,584 $6,584 If, on December 31, 2025, supplies on hand were $40, the adjusting entry would contain a credit to Supplies Expense...
The trial balance for Swifty Corporation appears as follows: $280 491 77 169 Swifty Corporation Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 3760 $560 361 1130 1320 2816 940 470 $6187 $6187 If service for $165 had been performed but not billed, the adjusting entry to record this would include a:
The trial balance for Blue Spruce Corp. appears as follows: Blue Spruce Corp. Trial Balance December 31, 2022 $260 459 72 158 3520 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $530 338 1060 1230 2631 880 440 $5789 $5789 If service for $154 had been performed but not billed, the adjusting entry to record this would include a: O debit to Service Revenue...
The adjusted trial balance for Sunland Company is given in below. Sunland Company Trial Balance August 31, 2017 Before Adjustment Dr. Cr. Cash €10,376 Accounts Receivable 8,592 Supplies 2,496 Prepaid Insurance 3,961 Equipment 12,943 Accumulated Depreciation Equipment € 3,449 Accounts Payable 5,804 Salaries and Wages Payable 0 Unearned Rent Revenue 1,327 Share Capital-Ordinary 11,621 Retained Earnings 3,070 Service Revenue 33,913 Rent Revenue 11,045 Salaries and Wages Expense 16,934 Supplies Expense 0 Rent Expense 14,927 Insurance Expense 0 Depreciation Expense 0...
The Sunland Company opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Sunland Company Trial Balance May 31, 2019 Account Number Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Debit Credit $3,400 2,000 3.000 14,000 58.800 15,000 $ 11,400 3.400 40,000 35,900 10,400 650 3.400 850 $101,100 $101,100 Utilities Expense In addition to those accounts...
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