Homework Answers
| DATE | Accounts Name and Explanation | Debit | Credit | |||
| 31-Dec-19 | Insurance Expense | 555 | (2220 / 12 months * 3 months) | |||
| Prepaid Insurance | 555 | (2220 / 12 months * 3 months) | ||||
| (To record insurance expense) | ||||||
| 3 months here include, October, November and December | ||||||
Add Answer to:
The trail balance for LB corp has the following balances in selected accounts on December 31,...
The trail balance for LB corp has the following balances in selected accounts on December 31,...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 6. On December 1, 2019, LB Corp. collected $30,000 for disinfecting processes...
The trail balance for LB corp has the following balances in selected accounts on December 31,...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 2. LB Corp. borrowed $20,000 by signing a 10%, one-year note on...
The trail balance for LB corp has the following balances in selected accounts on December 31,...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 5. LB Corp. performed disinfecting services for a client in December 2019....
The trail balance for LB corp has the following balances in selected accounts on December 31,...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies 20,000 2,220 0 2,940 30,000 Unearned Service Revenue All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 4. LB Corp. pays its employees total salaries of $11,000 every Monday...
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2019....
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation-Equipment 7,000 Equipment Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. Verne Cova Company borrowed $10,000 by signing a 12%, one-year note on September 1, 2019. 1. A count of supplies on December 31, 2019,...
Sunland Company has the following balances in selected accounts on December 31, 2019. 0 8,000 Accounts...
Sunland Company has the following balances in selected accounts on December 31, 2019. 0 8,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 9,900 2,820 0 2,100 32,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December 31, 2019, indicates...
Windsor, Inc. has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated...
Windsor, Inc. has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue $0 0 7,000 0 9,900 3,420 0 2,400 33,200 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Windsor, Inc. borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December...
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2015....
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2015. $ 0 0 6,421 O Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 10,386 2,220 0 2,466 40,070 All the accounts have normal balances. The information below has been gathered at December 31, 2015. 1. 2. 3. 4. 5. 6. 7. Verne Cova Company borrowed $9,975 by signing a 12%, one-year note...
Verne Cova Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable...
Verne Cova Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable Accumulated Depreciation Equipment Equipment 7,000 Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Verne Cova Company borrowed $10,000 by signing a 12%, one year note on September 1, 2020. 2. A count of supplies on December 31,...
Cullumber Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable $...
Cullumber Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable $ 0 Accumulated Depreciation—Equipment 0 Equipment 8,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 3,960 Salaries and Wages Payable 0 Supplies 2,200 Unearned Service Revenue 28,000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Cullumber Company borrowed $11,400 by signing a 9%, one-year note on September 1, 2020. 2. A count of supplies on December...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 6. On December 1, 2019, LB Corp. collected $30,000 for disinfecting processes...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 2. LB Corp. borrowed $20,000 by signing a 10%, one-year note on...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 5. LB Corp. performed disinfecting services for a client in December 2019....
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies 20,000 2,220 0 2,940 30,000 Unearned Service Revenue All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 4. LB Corp. pays its employees total salaries of $11,000 every Monday...
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation-Equipment 7,000 Equipment Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. Verne Cova Company borrowed $10,000 by signing a 12%, one-year note on September 1, 2019. 1. A count of supplies on December 31, 2019,...
Sunland Company has the following balances in selected accounts on December 31, 2019. 0 8,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 9,900 2,820 0 2,100 32,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December 31, 2019, indicates...
Windsor, Inc. has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue $0 0 7,000 0 9,900 3,420 0 2,400 33,200 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Windsor, Inc. borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December...
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2015. $ 0 0 6,421 O Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 10,386 2,220 0 2,466 40,070 All the accounts have normal balances. The information below has been gathered at December 31, 2015. 1. 2. 3. 4. 5. 6. 7. Verne Cova Company borrowed $9,975 by signing a 12%, one-year note...
Verne Cova Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable Accumulated Depreciation Equipment Equipment 7,000 Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Verne Cova Company borrowed $10,000 by signing a 12%, one year note on September 1, 2020. 2. A count of supplies on December 31,...
Most questions answered within 3 hours.
-
please don't use the p value method instead use the "5 steps of
hypothesis testing." Or...
asked 26 seconds from now -
It is said that Galileo discovered a basic principle of the
pendulum—that the period is independent...
asked 4 minutes ago -
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 11 minutes ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 13 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 14 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 27 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 32 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 35 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 43 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 44 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 57 minutes ago