Homework Answers
Solution
| Statement of Owner's Equity | ||
| For the Month Ended October 31, 201X | ||
| K. Homer, capital Octomer 1 | $ 11,472.00 | |
| Net income | $ 2,554.00 | |
| Less: Withdrawals | $ (1,900.00) | |
| Increase in capital | $ 654.00 | |
| K. Homer, capital Octomer 31 | $ 12,126.00 | |
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Kris's Moving Co. Worksheet Month Ended October 31, 2018 Trial Balance Adjustments Adjusted Trial Balance Income...
Kris's Moving Co. Worksheet Month Ended October 31, 2018 Trial Balance Adjustments Adjusted Trial Balance Income...
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Kris's Moving Co. Trial Balance October 31, 2017 Account Titles Dr. Cr. Cash 9,000 Prepaid Insurance 2,600 1,100 10,000 7,000 Moving Supplies Moving Truck Accumulated Depreciation, Moving Truck Accounts Payable K. Homer, Capital K. Homer, Withdrawals 2,654 11,472 1,900 8,500 Revenue from Moving Wage Expense Rent Expense 3,676 800 550 Advertising Expense 29,626 29,626 Totals Adjustment Data to Update Trial Balance a. Insurance expired, $100. b. Moving supplies on hand, $1,000. C. Depreciation on moving truck, $450. d. Wages earned...
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Account # 100 Cash Journal Page # Credit Balance Beginning Balance 2019 Month-Day 7-1 7-1 7-1 7-1 Debit 38,250.00 35,000.00 78,850.00 7-1 43,500.00 500.00 6,000.00 7-7 7-10 7-12 7-14 6,500.00 3,500.00 7,500.00 7-15 2,585.000 38,250.00 Dr 73,250.00 Dr 152,100.00 Dr 108,600.00 Dr 108,100.00 Dr 102,100.00 Dr 108,600.00 Dr 112,100.00 Dr 104,600.00 Dr 107,185.00 Dr 86,185.00 Dr 116,185.00 Dr 109,335.00 Dr 137,835.00 Dr 138,335.00 Dr 142, 135.00...
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Kris's Moving Co. Worksheet Month Ended October 31, 2018 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 9,000 9,000 9,000 2,600 a. 100 2,500 2,500 1,100 b. 100 1,000 1,000 10,000 10,000 10,000 Prepaid Insurance Moving Supplies Moving Truck Accum. Dep., Moving Truck Accounts Payable K. Homer, Capital K. Homer, Withdrawals 7,000 C. 450 7,450 7,450 2,654 2,654 2,654 11,472 11,472 11,472 1,900 1,900 1,900...
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PROBLEM 1 (25pts) Update the trial balance for Kreg's Moving Co. October 31, 201X. Adjustment Data to Update Trial Balance a. Insurance expired, $550. b. Moving supplies on hand, $800. c. Depreciation on moving truck, $550. d. Wages earned but unpaid, $300. Your task is to: 1. Complete a worksheet for Kreg's Moving Co. for the month of October. 2. Prepare an income statement for October, a statement of owner's equity for October, and a balance sheet as of October...
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 494 Accounts Receivable 3,626 Supplies 165 Prepaid Insurance 124 Land 4,120 Equipment 1,648 Accum. Depr.-Equipment 330 Accounts Payable 1,483 Wages Payable 165 Common Stock 40 Retained Earnings 7,128 Dividends 330 Fees Earned 4,038 Wages Expense 989 Rent Expense 494 Insurance Expense 412 Utilities Expense 288 Supplies Expense 247 Depreciation Expense-Equip. 165...
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Account # 100 Cash Journal Page # Credit Balance Beginning Balance 2019 Month-Day 7-1 7-1 7-1 7-1 Debit 38,250.00 35,000.00 78,850.00 7-1 43,500.00 500.00 6,000.00 7-7 7-10 7-12 7-14 6,500.00 3,500.00 7,500.00 7-15 2,585.000 38,250.00 Dr 73,250.00 Dr 152,100.00 Dr 108,600.00 Dr 108,100.00 Dr 102,100.00 Dr 108,600.00 Dr 112,100.00 Dr 104,600.00 Dr 107,185.00 Dr 86,185.00 Dr 116,185.00 Dr 109,335.00 Dr 137,835.00 Dr 138,335.00 Dr 142, 135.00...
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