Homework Answers
Please find the attached image for detailed answer,
Please comment for any specific or additional explantion.
Thanks,
Add Answer to:
September 1, 2020 -Bike Mall paid $1.000 to Smart Bees for a new delivery be. The...
Questions 17 through 22 - Closing Entries - Financial Statement Amounts The following is Baker Co's...
Questions 17 through 22 - Closing Entries - Financial Statement Amounts The following is Baker Co's Pre-Closing Trial Balance as of December 31, 2020. Raker's accounting period is a month, thus the balances in the temporary accounts are for the month of December 2020 T0036 Account Debit Credit Cash 17.000 Accounts Receivable 35,000 Inventory 42,000 Supplies 5.000 Equipment 100,000 Accumulated Depreciation 40,000 Accounts Payable 12,000 Note Payable 15,000 Interest Payable 2,000 Unearned Revenue | PretorioIE在其南”的所有。 停止共享 搜索的内容 O Accounts Payable...
Question 4 During the month of August, Karlsson Industries had the following transactions: Aug. 2 Paid...
Question 4 During the month of August, Karlsson Industries had the following transactions: Aug. 2 Paid cash for the August rent of $1,500. Aug. 6 Purchased supplies of $250 on account. Aug. 10 Collected $5,700 from customers on account. Aug. 15 Received $2,200 cash for services to be rendered in September. Aug. 21 Paid for supplies purchased on account on August 6. Aug. 28 Billed customers for $7,500 for services provided in August. Aug. 31 Paid $150 cash for utilities...
Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30...
Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are pre WILDHORSE COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Balance Trial Balance Credit Debit Debit 39,760 20,960 31,900 87,720 127,720 Credit Cash 39,760 4,161 4,265 87,720 127,720 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2020 Dividends Service Revenue 38,560 16,960 3,310 54,720 117,420 2,000 40,850...
2. Ace Delivery Service is a new company founded on July 1, 2020. At the end...
2. Ace Delivery Service is a new company founded on July 1, 2020. At the end of its first month of operation, the following trial balance was prepared from Ace's general ledger: ACE DELIVERY SERVICE, INC. Trial Balance July 31, 2020 Credit Debit $16,000 10,000 3,000 2,000 45,000 Cash Accounts Receivable Supplies... Prepaid Insurance.. Equipment...... Notes Payable Accounts Payable.. Salaries and Wages Payable Unearned Service Revenue. Common Stock Dividends. Service Revenue Salaries and Wages Expense Maintenance and Repairs Expense .........
QuesLIUILI Aggie Kids Parties Co. engaged in the following transactions during Jan 2018, its first month...
QuesLIUILI Aggie Kids Parties Co. engaged in the following transactions during Jan 2018, its first month of operations: Jan. 1 W. White and his brother each invested $20,000 of cash in exchange for stock in the company. Performed service for customers on account, $2,850 Purchased a building for $20,000 to use as a future office. Paid $2,000 and signed a 2 year note for the balance. Purchased $300 of office supplies. Paid cash. Received $2,000 as a deposit for a...
1. On September 1, 2020, a student paid $6,000 for tuition for the academic year to...
1. On September 1, 2020, a student paid $6,000 for tuition for the academic year to his college (half for fall 2020 and half for spring 2021). Provide all necessary journal entries for the student in 2020. 2. The following trial balance was taken from the books of Fisk Corporation on December 31, 2019. Account Debit tCredit Cash $ 8,000 Account Receivable 40,000 Notes receivable 10,000 Allowance for Doubtful Accounts $ 1,800 Inventory 44,000 Prepaid Insurance 4,800 Equipment 110,000...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions A (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required....
8:45 Done Assignment 2 - Chapter 3_37597... Assignment #2 - Chapter 3 Com 204 September 2020...
8:45 Done Assignment 2 - Chapter 3_37597... Assignment #2 - Chapter 3 Com 204 September 2020 Question 2 Given the adjusted trial balance for Bobs Donuts Inc. below as of December 31, 2020 prepare: 1. The income statement 2. The statement of retained earnings 3. Closing entries for December 31, 2020. Financial Statements must include appropriate headings. No explanations are required for the closing entries. (provide answers in the templates below). (27 marks) Bobs Dorus ne Adjusted Trial Balance December...
Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry...
Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry template provided below, prepare the journal entries: Apr 1 Issued common shares in exchange for cash of $75,000 and equipment of $25,000. Apr 1 Paid monthly rent of $1,500. Apr 4 Purchased inventory, on account for $31,350. Apr 5 Purchased office supplies for $3,000 cash. Performed bike servicing for customers in the amount of $500; received $300 in cash and Apr 11 billed customers...
Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and...
Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows. Adjusted Dr. Cr. $ 8,800 11,400 600 1,200 18,900 $ 750 Blossom Company Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,800 Accounts Receivable 10,400 Supplies 1,550 Prepaid Rent 2,250 Equipment 18,900 Accumulated Depreciation-Equipment $ 0 Notes Payable 9,200 Accounts Payable 2,500 Salaries and Wages Payable 0 Interest Payable 0 Unearned...
Questions 17 through 22 - Closing Entries - Financial Statement Amounts The following is Baker Co's Pre-Closing Trial Balance as of December 31, 2020. Raker's accounting period is a month, thus the balances in the temporary accounts are for the month of December 2020 T0036 Account Debit Credit Cash 17.000 Accounts Receivable 35,000 Inventory 42,000 Supplies 5.000 Equipment 100,000 Accumulated Depreciation 40,000 Accounts Payable 12,000 Note Payable 15,000 Interest Payable 2,000 Unearned Revenue | PretorioIE在其南”的所有。 停止共享 搜索的内容 O Accounts Payable...
Wildhorse Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are pre WILDHORSE COMPANY Worksheet For The Month Ended September 30, 2020 Adjusted Trial Balance Trial Balance Credit Debit Debit 39,760 20,960 31,900 87,720 127,720 Credit Cash 39,760 4,161 4,265 87,720 127,720 Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Mortgage Payable Common Stock Retained Earnings, Sept. 1, 2020 Dividends Service Revenue 38,560 16,960 3,310 54,720 117,420 2,000 40,850...
2. Ace Delivery Service is a new company founded on July 1, 2020. At the end of its first month of operation, the following trial balance was prepared from Ace's general ledger: ACE DELIVERY SERVICE, INC. Trial Balance July 31, 2020 Credit Debit $16,000 10,000 3,000 2,000 45,000 Cash Accounts Receivable Supplies... Prepaid Insurance.. Equipment...... Notes Payable Accounts Payable.. Salaries and Wages Payable Unearned Service Revenue. Common Stock Dividends. Service Revenue Salaries and Wages Expense Maintenance and Repairs Expense .........
QuesLIUILI Aggie Kids Parties Co. engaged in the following transactions during Jan 2018, its first month of operations: Jan. 1 W. White and his brother each invested $20,000 of cash in exchange for stock in the company. Performed service for customers on account, $2,850 Purchased a building for $20,000 to use as a future office. Paid $2,000 and signed a 2 year note for the balance. Purchased $300 of office supplies. Paid cash. Received $2,000 as a deposit for a...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions A (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required....
8:45 Done Assignment 2 - Chapter 3_37597... Assignment #2 - Chapter 3 Com 204 September 2020 Question 2 Given the adjusted trial balance for Bobs Donuts Inc. below as of December 31, 2020 prepare: 1. The income statement 2. The statement of retained earnings 3. Closing entries for December 31, 2020. Financial Statements must include appropriate headings. No explanations are required for the closing entries. (provide answers in the templates below). (27 marks) Bobs Dorus ne Adjusted Trial Balance December...
Question 4 Listed are the April 2020 transactions for Whitters Bike Ltd. Using the joumal entry template provided below, prepare the journal entries: Apr 1 Issued common shares in exchange for cash of $75,000 and equipment of $25,000. Apr 1 Paid monthly rent of $1,500. Apr 4 Purchased inventory, on account for $31,350. Apr 5 Purchased office supplies for $3,000 cash. Performed bike servicing for customers in the amount of $500; received $300 in cash and Apr 11 billed customers...
Blossom Company was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows. Adjusted Dr. Cr. $ 8,800 11,400 600 1,200 18,900 $ 750 Blossom Company Trial Balance September 30, 2020 Unadjusted Dr. Cr. Cash $ 8,800 Accounts Receivable 10,400 Supplies 1,550 Prepaid Rent 2,250 Equipment 18,900 Accumulated Depreciation-Equipment $ 0 Notes Payable 9,200 Accounts Payable 2,500 Salaries and Wages Payable 0 Interest Payable 0 Unearned...
Most questions answered within 3 hours.
-
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 1 minute from now -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 13 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 16 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 23 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 24 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 29 minutes ago -
how
to use a for loop to iterate over the string below and print each
character...
asked 31 minutes ago -
Please type answer, Thanks.
Respond to the following in a minimum of 175
words:
Research industry...
asked 31 minutes ago -
Assume that all interest rates in the economy increase from 9
percent to 10 percent. Which...
asked 41 minutes ago -
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 46 minutes ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 57 minutes ago -
A manufacturer wished to compare the wearing qualities of two
different types of automobile tires, A...
asked 56 minutes ago