Homework Answers
Adjusting entry for $165 service performed and not billed including:
A debit to account receivable $165
and
A credit to service revenue $165
Add Answer to:
The trial balance for Swifty Corporation appears as follows: $280 491 77 169 Swifty Corporation Trial...
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...
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 Sunland Company appears as follows: $300 522 82 Sunland Company Trial Balance...
The trial balance for Sunland Company appears as follows: $300 522 82 Sunland Company 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 180 4000 $600 384 1200 1400 3000 1000 500 $6584 $6584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a:
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...
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 year-end trial balance for Garnet & Gold Corporation appears as follows: Garnet & Gold Corporation...
The year-end trial balance for Garnet & Gold Corporation appears as follows: Garnet & Gold Corporation Trial Balance December 31 Debit Credit Cash $ 300 Accounts Receivable 500 Prepaid Insurance 60 Supplies 140 Equipment 4,000 Accumulated Depreciation, Equipment $ 800 Unearned Revenues 300 Common Stock 1,000 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 $ 6,500 $ 6,500 If, at year-end, the unexpired insurance were $40, the company should record an adjusting entry that...
The following trial balance of Swifty Company does not balance. Your review of the ledger reveals...
The following trial balance of Swifty Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $103. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,850 and $6,690, respectively. (d) A debit posting to Advertising Expense of $279 was omitted. (e)...
Question 9 0.5 pts The year-end trial balance for Garnet & Gold Corporation appears as follows:...
Question 9 0.5 pts The year-end trial balance for Garnet & Gold Corporation appears as follows: Garnet & Gold Corporation Trial Balance December 31 Debit Credit Cash $ 300 500 60 140 4,000 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Unearned Revenues Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $ 800 300 1,000 1,400 3,000 1,000 500 $ 6,500 $ 6,500 If, at year-end, supplies on hand were $20, the company should record...
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...
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 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...
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 Sunland Company appears as follows: $300 522 82 Sunland Company 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 180 4000 $600 384 1200 1400 3000 1000 500 $6584 $6584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would include a:
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...
The following trial balance of Swifty Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $103. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,850 and $6,690, respectively. (d) A debit posting to Advertising Expense of $279 was omitted. (e)...
Question 9 0.5 pts The year-end trial balance for Garnet & Gold Corporation appears as follows: Garnet & Gold Corporation Trial Balance December 31 Debit Credit Cash $ 300 500 60 140 4,000 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Unearned Revenues Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $ 800 300 1,000 1,400 3,000 1,000 500 $ 6,500 $ 6,500 If, at year-end, supplies on hand were $20, the company should record...
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