-
Please show the whole calculation. Thank you so much!
Problem w 1 ABC Company Adjusted Trial Balance Debit Credit Cash $ 5,400 8,600 4,200 930 90,000 $ 13,000 16.100 Accounts receivable Supplies Prepaid Insurance Office equipment Accumulated depreciation Accounts payable Uncamned subscription revenue Salaries Payable Common Stock Retained earnings Subscription Revenue Advertisement Revenue 10.000 3,500 51,000 23.220 188,300 49,700 140,230 85,600 Salaries expense Printing and mailing expense Rent expense Supplies expense Insurance expense Depreciation expense 4,800 6,100 1,860 5.500 1.600...
-
PROBLEM #1 OUTDOORS, INC. Adjusted Trial Balance December 31, 2019 Debit($) Credit($). Cash 12,400 Accounts receivable 18,600 Supplies 4,200 Prepaid Insurance 2.930 Office Equipment 70,000 Accumulated depreciation 13,000 Building 80,000 Accumulated depreciation 20,000 Land 60,000 Bonds Payable 120,000 Accounts payable 17,100 Unearned subscription revenue 15,000 Salaried Payable 3,500 Common Stock 35,000 Retained Earnings 21,400 Subscription Revenue 195,700 Advertising Revenue 39,300 Salaries Expense 125,410 Printing and mailing expense 80,800 Rent Expense 9,100 Supplies Expense 6,600 Insurance Expense 1,860 Depreciation Expense 5,600...
-
Income Statement Balance Sheet Journal Entries OUTSIDE, INC. Balance Sheet December 31 $ $ Assets Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Less: Accum. Depreciation (enter as a negative) 5,400 19,000 4,200 930 Liabilities Accounts Payable Unearned Subscription Revenue Salaries Payable Total Liabilities 17,000 10,000 3,500 30,500 70,000 (13,000) 57,000 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 86,530 Total Liabilities and Stockholders' Equity $ 21,000 17,620 X 38,620 X 69,120 X Total Assets $ Check Outside, Inc....
-
missions earned in calculating the additional rent.) year. (Note: Be sure to use the adjusted amount of com- 2.8B. Financial Statements and Closing Entries Outdoors, Inc.,publishes magazines for skiers and hik- LO5,6 ers. The firm has the following adjusted trial balance at December 31 IBC OUTDOORS, INC. Adjusted Trial Balance December 31 Debit Credit Cash . . .. 18,600 4,200 Prepaid insurance . . . . 70,000 Accumulated depreciation Accounts payable. Unearned subscription revenue.... $13,000 16,100 10,000 21,000 188,300 Retained...
-
Refer to the following adjusted trial balance after the first year of operations. Credit Debit $1,900 - 200 2,000 20.300 Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Expense Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock - Dividends Sales Revenue Salaries Expense Cost of Goods Sold Supplies Expense Depreciation Expense Total $2.000 1,000 850 400 3,600 3,000 55,150 23,000 1,500 500 1.700 $63.000 $63.000 What will the balance of the Retained Earnings account be after...
-
Centre Construction Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 59.400 $ 27,000 $ 405,000 $ 129,600 $ 850,000 $ 180,900 $ 400,000 $ 121,500 $ 25,000 $ 230,000 $ 875,000 $ 43,200 $ 108,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
-
CDE Company Adjusted Trial Balance Problem # 2 Debit Credit Cash $ 3,500 Accounts receivable 8,000 Prepaid Insurance 3,600 Equipment 80,000 Accumulated depreciation $12,000 Accounts payable 600 Common Stock 35,000 Retained earnings 14,200 Cash Dividènds 7,500 Service fees earned 102,200 Miscellaneous Incom come 4,200 Salaries Expense 42,800 Rent expense 13,000 Insurance expense 1,800 Depreciation expense 8,000 Income Tax expense 8,800 Income Tax Payable 8,800 Totals $177,000 $177,000 Required: Prepare an Income Statement, a statement of Retained Earnings and a Balance...
-
Problem I: The adjusted trial balance
of Debit Company is shown below:
Debit
Company
Adjusted Trial
Balance December 31, 2020
Cash
$6,500
Accounts
receivable
8,000
Supplies
1,000
Prepaid Rent (3 months) 2,500
Equipment,
net
42,000
Accounts payable
$4,000
Salary payable
2,000
Unearned revenue (2 month advance)
2,000
Note payable — long term
14,000
Common stock
10,ooo
Retained earnings
14,700
Dividends
4000
Service revenue
75,000
Salary expense
40,000
Rent expense
10,ooo
Supplies expense
1,500
Depreciation expense
5,000
Utilities expense
1200...
-
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 4,051 96,094 88,888 10,675 4,429 48,737 Fill in the missing amounts. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance...
-
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total
Please show the whole calculation. Thank you so much!
Problem w 1 ABC Company Adjusted Trial Balance Debit Credit Cash $ 5,400 8,600 4,200 930 90,000 $ 13,000 16.100 Accounts receivable Supplies Prepaid Insurance Office equipment Accumulated depreciation Accounts payable Uncamned subscription revenue Salaries Payable Common Stock Retained earnings Subscription Revenue Advertisement Revenue 10.000 3,500 51,000 23.220 188,300 49,700 140,230 85,600 Salaries expense Printing and mailing expense Rent expense Supplies expense Insurance expense Depreciation expense 4,800 6,100 1,860 5.500 1.600...
PROBLEM #1 OUTDOORS, INC. Adjusted Trial Balance December 31, 2019 Debit($) Credit($). Cash 12,400 Accounts receivable 18,600 Supplies 4,200 Prepaid Insurance 2.930 Office Equipment 70,000 Accumulated depreciation 13,000 Building 80,000 Accumulated depreciation 20,000 Land 60,000 Bonds Payable 120,000 Accounts payable 17,100 Unearned subscription revenue 15,000 Salaried Payable 3,500 Common Stock 35,000 Retained Earnings 21,400 Subscription Revenue 195,700 Advertising Revenue 39,300 Salaries Expense 125,410 Printing and mailing expense 80,800 Rent Expense 9,100 Supplies Expense 6,600 Insurance Expense 1,860 Depreciation Expense 5,600...
Income Statement Balance Sheet Journal Entries OUTSIDE, INC. Balance Sheet December 31 $ $ Assets Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Less: Accum. Depreciation (enter as a negative) 5,400 19,000 4,200 930 Liabilities Accounts Payable Unearned Subscription Revenue Salaries Payable Total Liabilities 17,000 10,000 3,500 30,500 70,000 (13,000) 57,000 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 86,530 Total Liabilities and Stockholders' Equity $ 21,000 17,620 X 38,620 X 69,120 X Total Assets $ Check Outside, Inc....
missions earned in calculating the additional rent.) year. (Note: Be sure to use the adjusted amount of com- 2.8B. Financial Statements and Closing Entries Outdoors, Inc.,publishes magazines for skiers and hik- LO5,6 ers. The firm has the following adjusted trial balance at December 31 IBC OUTDOORS, INC. Adjusted Trial Balance December 31 Debit Credit Cash . . .. 18,600 4,200 Prepaid insurance . . . . 70,000 Accumulated depreciation Accounts payable. Unearned subscription revenue.... $13,000 16,100 10,000 21,000 188,300 Retained...
Refer to the following adjusted trial balance after the first year of operations. Credit Debit $1,900 - 200 2,000 20.300 Accounts Cash Accounts Receivable Office Supplies Prepaid Insurance Expense Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Common Stock - Dividends Sales Revenue Salaries Expense Cost of Goods Sold Supplies Expense Depreciation Expense Total $2.000 1,000 850 400 3,600 3,000 55,150 23,000 1,500 500 1.700 $63.000 $63.000 What will the balance of the Retained Earnings account be after...
Centre Construction Company Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 59.400 $ 27,000 $ 405,000 $ 129,600 $ 850,000 $ 180,900 $ 400,000 $ 121,500 $ 25,000 $ 230,000 $ 875,000 $ 43,200 $ 108,000 Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Building Cash Common Stock Depreciation Expense Dividends Equipment Fees Earned Interest Expense Insurance Expense Interest Payable Land Miscellaneous Expense Notes Payable Prepaid Insurance Expense Rent Expense Retained Earnings Sales...
CDE Company Adjusted Trial Balance Problem # 2 Debit Credit Cash $ 3,500 Accounts receivable 8,000 Prepaid Insurance 3,600 Equipment 80,000 Accumulated depreciation $12,000 Accounts payable 600 Common Stock 35,000 Retained earnings 14,200 Cash Dividènds 7,500 Service fees earned 102,200 Miscellaneous Incom come 4,200 Salaries Expense 42,800 Rent expense 13,000 Insurance expense 1,800 Depreciation expense 8,000 Income Tax expense 8,800 Income Tax Payable 8,800 Totals $177,000 $177,000 Required: Prepare an Income Statement, a statement of Retained Earnings and a Balance...
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 4,051 96,094 88,888 10,675 4,429 48,737 Fill in the missing amounts. Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,670 19,517 25,182 6,118 11,984 Account Titles Accounts Receivable Prepaid Insurance...
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total