Date | Account Titles | Debit | Credit |
1-Jan | Prepaid Insurance | $ 6,000 | |
Cash | $ 6,000 | ||
2 | Prepaid Rent | $ 4,800 | |
Cash | $ 4,800 | ||
3 | Cash | $ 30,000 | |
Notes Payable | $ 30,000 | ||
4 | Delivery Van | $ 28,800 | |
Cash | $ 28,800 | ||
5 | Cash | $ 4,000 | |
Common Stock | $ 4,000 | ||
6 | Supplies | $ 1,400 | |
Accounts Payable | $ 1,400 | ||
7 | Cash | $ 700 | |
Accounts Receivable | $ 700 | ||
8 | Accounts Payable | $ 300 | |
Cash | $ 300 | ||
9 | Accounts Receivable | $ 10,600 | |
Service Revenue | $ 10,600 | ||
10 | Cash | $ 7,400 | |
Service Revenue | $ 7,400 | ||
16 | Salaries Expense | $ 2,960 | |
Cash | $ 2,960 | ||
20 | Cash | $ 3,700 | |
Unearned Service Revenue | $ 3,700 | ||
25 | Cash | $ 3,500 | |
Accounts Receivable | $ 3,500 | ||
31a. | Utilities Expense | $ 1,100 | |
Accounts Payable | $ 1,100 | ||
31b. | Supplies Expense | $ 1,120 | |
Supplies | $ 1,120 | ||
31c. | Unearned Service Revenue | $ 2,220 | |
Service Revenue | $ 2,220 | ||
31d. | Interest Expense | $ 125 | |
Interest Payable | $ 125 | ||
31e. | Depreciation Expense | $ 600 | |
Accumulated Depreciation | $ 600 | ||
31f. | Salaries Expense | $ 2,960 | |
Salaries Payable | $ 2,960 | ||
31g. | Insurance Expense | $ 500 | |
Prepaid Insurance | $ 500 | ||
Rent Expense | $ 400 | ||
Prepaid Rent | $ 400 |
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Two employees have been hired, at a monthly salary of $2,960 each. The following transactions occurred...
so these t-accounts Two employees have been hired, at a monthly salary of $2,100 each. The following transactions occurred during January of the current year. NNNNNN $4,200 is paid for 12 months' Insurance starting January 1. (Record as an asset.) 53,600 is paid for 12 months of rent beginning January 1. (Record as an asset.) FDI borrows $30,000 cash from First State Bank at 4% annual interest; this note is payable in two years. A delivery van is purchased using...
need retained earnings and Balance sheet Two employees have been hired, at a monthly salary of $2,100 each. The following transactions occurred during January of the current year. Ch. January $4,200 is paid for 12 months" insurance starting January 1. (Record as an asset.) 53,600 is paid for 12 months of rent beginning January 1. (Record as an asset.) FDI borrows $30, ce cash from First State Bank at ex annual interest; this note is payable in two years. A...
The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $270,000. For the current year, the company has recorded $32,400 of depreciation, which brings the total depreciation to date to $162,000. Balance Sheet Assets Liabilities Stockholders' Equity Income Statement Revenues Expenses Required: Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company's balance sheet and income statement NNN 1 2 3 لا اله له...
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Adjusting journal C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) (LO 2-3, LO 3-3, LO 4- 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January 1 Assets: Liabilities: Cash $10,500 Accounts Payable $ 400 Accounts Receivable...
Check my Required information C4-6 Recording/Posting Transactions and Adjustments, and Preparing Trial Balances and Financial Statements-Requires Calculating Depreciation and Interest (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4- 2, LO 4-4) Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting balance sheet at the beginning of the current year is provided below: FAST DELIVERIES, INC. Balance Sheet at January 1 Assets: Liabilities: Cash $12,600 Accounts Payable $ 700...
Income Statment, Statment of retained earnings, balance sheet $ 400 Assets: Cash Accounts Receivable Supplies $10,500 880 750 FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts Payable Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 11,510 220 $12,13e Total Assets $12,130 Two employees have been hired, at a monthly salary of $2,540 each. The following transactions occurred during January of the current year ENN January 1 2 3 2 2 2 2 2 2 3...
Ch 4 4 4 4 January Additional information for adjusting entries: 31a. A $1,100 bill arrives for January utility services. Payment is due February 15. 31b. Supplies on hand on January 31 are counted and determined to have cost $280. 310. As of January 31, FDI had completed 608 of the deliveries for the customer who paid in advance on January 20. 31d. Accrue one month of interest on the bank loan. Yearly interest is determined by multiplying the amount...
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