Homework Answers
Answer: Option No 4, Debit Rent Expense $3650, Credit Prepaid Rent $3650.
| Sr No | Date | Particulars | Dr Amt | Cr Amt | |
| 1 | 31st July | Rent Expenses A/c | 3,650.00 | - | |
| To Prepaid Rent A/c | - | 3,650.00 | |||
| Narration | (Being Adjusted Prepaid rent to the month of July and Debited to Rent Expenses Account) |
Add Answer to:
View Policies Current Attempt in Progress On July 1, Swifty's Sports Store paid $14600 to Blossom...
Question 6 of 25 < -/1 View Policies Current Attempt in Progress An account will show...
Question 6 of 25 < -/1 View Policies Current Attempt in Progress An account will show a debit balance if the O last transaction posted was a debit. O number of debits exceeds the number of credits. total of the debit amounts exceeds the total of the credit amounts. O first transaction posted was a debit. Attempts: 0 of 1 used Submit Answer Save for Later Last saved 1 second ago Saved work will be auto-submitted on the due date.
View Policies Current Attempt in Progress Crane Company paid cash of $156000 on June 1, 2020...
View Policies Current Attempt in Progress Crane Company paid cash of $156000 on June 1, 2020 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2020 adjusting entry is O debit Prepaid Rent and credit Rent Expense, $65000 O debit Prepaid Rent and credit Rent Expense, $91000. O debit Rent Expense and credit Prepaid Rent, $91000, O debit Prepaid Rent and credit Cash, $65000.
Question 10 of 1B 72 View Policies Current Attempt in Progress On July 7, 2020, Sheffield...
Question 10 of 1B 72 View Policies Current Attempt in Progress On July 7, 2020, Sheffield Realty Co performed cash services of $1710 The entry to record this transaction would include O a credit to Accounts Payable of $1710, O a debit to Service Revenue of $1710 O a credit to Accounts Receivable of $1710 a debit to Cash of $1710 Save for Attempts: 0 of 1 used
- View Policies Current Attempt in Progress The ledger of Kingbird, Inc. on July 31, 2022,...
- View Policies Current Attempt in Progress The ledger of Kingbird, Inc. on July 31, 2022, includes the following selected accounts before adjusting entries have been prepared. Credit Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue Debit $ 28,320 4.248 295,000 $165.200 13,570 An analysis of the company's accounts shows the following. 1. 2. 3. 4. 5. 6. Supplies on hand at the end of the month totaled $21,948. The balance in Prepaid Rent represents 4 months of rent...
Question 3 of 3 - / 10 View Policies Current Attempt in Progress Sunland Company purchased...
Question 3 of 3 - / 10 View Policies Current Attempt in Progress Sunland Company purchased land, a building, and equipment on January 2, 2021, for $895,000. The company paid $160,000 cash and signed a mortgage note payable for the remainder. Management's best estimate of the value of the land was $370,000; of the building, $416,250; and of the equipment, $138,750. Record the purchase. (Use Mortgage Payable for account.) (Credit account titles are automatically indented when the amount is entered....
Send to Grade Question 1 View Policies Current Attempt in Progress Bramble Corp.borrows $66,000 on July...
Send to Grade Question 1 View Policies Current Attempt in Progress Bramble Corp.borrows $66,000 on July 1 from the bank by signing a $66,000,8%, 1-year note payable (a) Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Dono Date Account Titles and Explanation Debit Credit July 1 Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance Accounts Payable. a. b. < > < > < d. Advertising Expense. Service Revenue. Accounts Receivable. Retained Earnings. Dividends. < e. f. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress For each of the following...
Question 6 of 7 < - / 1.5 E View Policies Current Attempt in Progress From...
Question 6 of 7 < - / 1.5 E View Policies Current Attempt in Progress From the ledger balances below, prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,700 5,830 16,730 1,940 13,160 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,760 2,600 3.260 1,400 BLOSSOM COMPANY Trial Balance Debit Credit
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
2057283 nada ng Weekly View Policies Current Attempt in Progress Blossom Company has a July 31...
2057283 nada ng Weekly View Policies Current Attempt in Progress Blossom Company has a July 31 fiscal year end and uses a perpetual Inventory system. The records of Blossom Company show the following data lons 2021 2020 2019 Support Income statement: Sales Cost of goods sold Operating expenses Balance sheet: Merchandise inventory $340,000 233,000 79,000 $325,000 230,000 79,000 $360,000 276,000 79.000 56,000 46,000 35,000 After its July 31, 2021. year end, Blossom discovered two errors 1. At July 31, 2020,...
Question 6 of 25 < -/1 View Policies Current Attempt in Progress An account will show a debit balance if the O last transaction posted was a debit. O number of debits exceeds the number of credits. total of the debit amounts exceeds the total of the credit amounts. O first transaction posted was a debit. Attempts: 0 of 1 used Submit Answer Save for Later Last saved 1 second ago Saved work will be auto-submitted on the due date.
View Policies Current Attempt in Progress Crane Company paid cash of $156000 on June 1, 2020 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2020 adjusting entry is O debit Prepaid Rent and credit Rent Expense, $65000 O debit Prepaid Rent and credit Rent Expense, $91000. O debit Rent Expense and credit Prepaid Rent, $91000, O debit Prepaid Rent and credit Cash, $65000.
Question 10 of 1B 72 View Policies Current Attempt in Progress On July 7, 2020, Sheffield Realty Co performed cash services of $1710 The entry to record this transaction would include O a credit to Accounts Payable of $1710, O a debit to Service Revenue of $1710 O a credit to Accounts Receivable of $1710 a debit to Cash of $1710 Save for Attempts: 0 of 1 used
- View Policies Current Attempt in Progress The ledger of Kingbird, Inc. on July 31, 2022, includes the following selected accounts before adjusting entries have been prepared. Credit Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue Debit $ 28,320 4.248 295,000 $165.200 13,570 An analysis of the company's accounts shows the following. 1. 2. 3. 4. 5. 6. Supplies on hand at the end of the month totaled $21,948. The balance in Prepaid Rent represents 4 months of rent...
Question 3 of 3 - / 10 View Policies Current Attempt in Progress Sunland Company purchased land, a building, and equipment on January 2, 2021, for $895,000. The company paid $160,000 cash and signed a mortgage note payable for the remainder. Management's best estimate of the value of the land was $370,000; of the building, $416,250; and of the equipment, $138,750. Record the purchase. (Use Mortgage Payable for account.) (Credit account titles are automatically indented when the amount is entered....
Send to Grade Question 1 View Policies Current Attempt in Progress Bramble Corp.borrows $66,000 on July 1 from the bank by signing a $66,000,8%, 1-year note payable (a) Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Dono Date Account Titles and Explanation Debit Credit July 1 Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance Accounts Payable. a. b. < > < > < d. Advertising Expense. Service Revenue. Accounts Receivable. Retained Earnings. Dividends. < e. f. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress For each of the following...
Question 6 of 7 < - / 1.5 E View Policies Current Attempt in Progress From the ledger balances below, prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,700 5,830 16,730 1,940 13,160 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,760 2,600 3.260 1,400 BLOSSOM COMPANY Trial Balance Debit Credit
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
2057283 nada ng Weekly View Policies Current Attempt in Progress Blossom Company has a July 31 fiscal year end and uses a perpetual Inventory system. The records of Blossom Company show the following data lons 2021 2020 2019 Support Income statement: Sales Cost of goods sold Operating expenses Balance sheet: Merchandise inventory $340,000 233,000 79,000 $325,000 230,000 79,000 $360,000 276,000 79.000 56,000 46,000 35,000 After its July 31, 2021. year end, Blossom discovered two errors 1. At July 31, 2020,...
Most questions answered within 3 hours.
-
Fine Furniture, Inc. is a furniture manufacturer located in
Norfolk, Virginia. Fine enters into a contract...
asked 1 minute from now -
Prelab Problem: You have a parallel plate capacitor
with circular plates of radius
r = 10.0...
asked 28 seconds ago -
When a black hole of mass M1 merges with a black hole of mass
M2, it...
asked 5 minutes ago -
use
hardy wineberg equation to find equilbrium.
AA 150. Aa 120. aa 90
asked 25 minutes ago -
Why don't law enforcement or prosecutors always investigate
crimes as hate crimes
asked 16 minutes ago -
Describe how Rio Tinto is a main competitor of BHP.
asked 19 minutes ago -
Two children (m = 31.0 kg each) stand opposite each other on the
edge of a...
asked 26 minutes ago -
A 2180-kg car is slowed down uniformly from 24.6 m/s to 5.2 m/s
in 3.32 s....
asked 52 minutes ago -
Jesse’s Machining is looking to buy a new machine to handle a
new four-year contract for...
asked 58 minutes ago -
5. A slide mount of a fungal specimen is prepared. A slide and
coverslip are flame-sterilized....
asked 1 hour ago -
A parallel plate capacitor has a charge Q, plates of area A and
separation d, where...
asked 1 hour ago -
This question goes along with my test results for a psychology
seminar. The results were the...
asked 1 hour ago