Homework Answers
1) a . Debit Accounts payable, $520; credit Cash, $520.
since Accounts payable decreases as well as cash reduced
2)
| supplies | 7200 | |
| cash | 7200 |
since purchase ans well as cash payment
3)
| Unearned Revenue | 460.00 | |
| Rental Revenue | 170.00 | |
| Instruction Revenue | 290.00 |
recievable income for Rental Revenue and Instruction Revenue
4) A $7400 debit balance
| PARTICULARS | AMOUNT($) |
| closing balance | 6,700.00 |
| add : debited | 13,900.00 |
| less : credited | 13,200.00 |
| opening balance ( BALANCING FIG) | 7,400.00 |
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answer all plz. also not all the multiple choices are in the
pic so ur answer...
answer all please also last option is covered so answer could be not in pic for...
answer all please also last option is covered so answer could be
not in pic for them
.getproctorio.com/secureditlockdown Is 1 Exam 10 Saved Help Save & Exit Subm If the liabilities of a company increased $106,000 during a period of time and equity in the company decreased $35,000 during the same period, what was the effect on the assets? Multiple Choice Assets would have decreased $71,000. Assets would have increased $71,000, Assets would have increased $141,000. O None of the...
The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view...
The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the classified balance sheet of Carmen O'Connor Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section. Carmen O'Connor Dance Studio Company Balance...
Answer all of these thank you 8. A debit to wages expense can be balanced by...
Answer all of these thank you
8. A debit to wages expense can be balanced by a credit to what account. A. Wages Payable B. Fees Earned C. Fees Unearned D. Depreciation 9. A credit to prepaid insurance can be balanced by a debit to what account. A. Insurance Expense B. Notes Payable C. Revenue D. Unearned Revenue 10. A credit to rental revenue can be balanced by a debit to what account. A. Depreciation B. Rental Expense C. Accounts...
Adjusted Journal Entries Transaction Account Debit Credit a) Rent Expense $ 5,000 Prepaid Rent $ 5,000...
Adjusted Journal Entries Transaction Account Debit Credit a) Rent Expense $ 5,000 Prepaid Rent $ 5,000 b) Interest Expense $ 1,400 Interest Payable $ 1,400 c) Depreciation Expense $ 3,250 Accumulated Depreciation $ 3,250 d) Supplies Expense $ 290 Office Supplies $ 290 e) Unearned Revenue $ 6,200 Rental Revenue $ 6,200 f) Unearned Rental Income $ 600 Rental Income $ 600 g) Salaries Expense $ 550 Salaries Payable $ 550 Please put these into T accounts.
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts...
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue Data Table Cash $ $? Land...
Can someone pls help me out I'm struggling very much. Thank you! Date Accounts Debit Credit...
Can someone pls help me out I'm struggling very much. Thank
you!
Date Accounts Debit Credit Accounts Receivable Account No. 105 Dec. 31 Salaries Expense 3,600 Date Explanation Ref. Debit Credit Balance Salaries Payable 3,600 Beg, Balance 0 Dec, 15 Performed services on account 11 3,800 3,800 Date Accounts Debit Credit Dec, 25 Collected cash an account J1 3,800 0 Dec. 31 100 Dec. 28 Performed services on account J1 700 700 Depreciation Expense- Furniture Accumulated Depreciation - Furniture Bal....
I need help with 14 - 20 Use the following to answer questions 14-20 Post each...
I need help with 14 - 20
Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Credit Credit Debit 10,000 Debit 1,000 1 10,000 1,000 Accounts receivable Service revenue Office Supplies Cash Deferred revenue...
Requirement 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31,...
Requirement 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section. Data Table Requirements Sally O'Sullivan Dance Studio Company Balance Sheet August 31, 2018 Assets 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31,...
Transaction Analysis, Trial Balance, and Financial Statements Kate Smith operates the Smith Dance Studio. On June...
Transaction Analysis, Trial Balance, and Financial Statements Kate Smith operates the Smith Dance Studio. On June 1, the business's general ledger contained the following information: Cash $10,930 Accounts Payable $480 Accounts Receivable 18,200 Notes Payable 3,000 Common Stock 11,870 Retained Earnings 13,780 Total $29,130 Total $29,130 The following transactions occurred during the month of June: 1 Paid June rent for practice studio. 2 Paid June piano rental (Rent Expense). 3 Collected from students on account. 4. Borrowed and signed a...
A business purchases equipment costing $5,500. They pay $1,500 right away and charge the remaining amount....
A business purchases equipment costing $5,500. They pay $1,500 right away and charge the remaining amount. To record this transaction, the business would: Multiple Choice Debit Equipment $4,000; Credit Accounts Payable $4,000 Debit Equipment $1,500: Credit Cash $1,500 Debit Equipment $5,500; Credit Cash $1.500 and Credit Accounts Payable $4.000 Debit Equipment $5,500; Credit Accounts Payable $5,500 The total of the figures on the left side of a Cash T account is $27,800. The total of the figures on the right...
answer all please also last option is covered so answer could be
not in pic for them
.getproctorio.com/secureditlockdown Is 1 Exam 10 Saved Help Save & Exit Subm If the liabilities of a company increased $106,000 during a period of time and equity in the company decreased $35,000 during the same period, what was the effect on the assets? Multiple Choice Assets would have decreased $71,000. Assets would have increased $71,000, Assets would have increased $141,000. O None of the...
The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the classified balance sheet of Carmen O'Connor Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section. Carmen O'Connor Dance Studio Company Balance...
Answer all of these thank you
8. A debit to wages expense can be balanced by a credit to what account. A. Wages Payable B. Fees Earned C. Fees Unearned D. Depreciation 9. A credit to prepaid insurance can be balanced by a debit to what account. A. Insurance Expense B. Notes Payable C. Revenue D. Unearned Revenue 10. A credit to rental revenue can be balanced by a debit to what account. A. Depreciation B. Rental Expense C. Accounts...
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue Data Table Cash $ $? Land...
Can someone pls help me out I'm struggling very much. Thank
you!
Date Accounts Debit Credit Accounts Receivable Account No. 105 Dec. 31 Salaries Expense 3,600 Date Explanation Ref. Debit Credit Balance Salaries Payable 3,600 Beg, Balance 0 Dec, 15 Performed services on account 11 3,800 3,800 Date Accounts Debit Credit Dec, 25 Collected cash an account J1 3,800 0 Dec. 31 100 Dec. 28 Performed services on account J1 700 700 Depreciation Expense- Furniture Accumulated Depreciation - Furniture Bal....
I need help with 14 - 20
Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Credit Credit Debit 10,000 Debit 1,000 1 10,000 1,000 Accounts receivable Service revenue Office Supplies Cash Deferred revenue...
Requirement 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section. Data Table Requirements Sally O'Sullivan Dance Studio Company Balance Sheet August 31, 2018 Assets 1. Prepare the classified balance sheet of Sally O'Sullivan Dance Studio Company at August 31,...
Transaction Analysis, Trial Balance, and Financial Statements Kate Smith operates the Smith Dance Studio. On June 1, the business's general ledger contained the following information: Cash $10,930 Accounts Payable $480 Accounts Receivable 18,200 Notes Payable 3,000 Common Stock 11,870 Retained Earnings 13,780 Total $29,130 Total $29,130 The following transactions occurred during the month of June: 1 Paid June rent for practice studio. 2 Paid June piano rental (Rent Expense). 3 Collected from students on account. 4. Borrowed and signed a...
A business purchases equipment costing $5,500. They pay $1,500 right away and charge the remaining amount. To record this transaction, the business would: Multiple Choice Debit Equipment $4,000; Credit Accounts Payable $4,000 Debit Equipment $1,500: Credit Cash $1,500 Debit Equipment $5,500; Credit Cash $1.500 and Credit Accounts Payable $4.000 Debit Equipment $5,500; Credit Accounts Payable $5,500 The total of the figures on the left side of a Cash T account is $27,800. The total of the figures on the right...
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