Homework Answers
Answer $330,060
A) Opening Accounts receivable $189,200
B) Sales ($106,600 + $64,070) $170,670
C) Receipts / Write off ( $18,170 + $5,570 + $14,870 + $19,370) = $57,980
D) Closing Accounts receivable (A+B-C) = $301,690
E) Cash = $28,170
F) Total Current Asses ( D +E) $330,060
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T-account: Accounts Receivable Beg. 189,200 Bal. 106,600 64,070 18, 170 5,570 14,870 19,370 Partial list of...
T-account: Accounts Receivable Beg. 188,400 Bal. 105,800 63,990 18,090 5,490 14,790 19,290 Partial list of account...
T-account: Accounts Receivable Beg. 188,400 Bal. 105,800 63,990 18,090 5,490 14,790 19,290 Partial list of account balances at the end of the year Cash Accounts Receivable Equipment Accounts Payable $ 28,090 Unknown 35,690 5,990 want accate that will be reported on the company's balance sheet at the end of the year is.
Investments (short-term) Beg. Bal. 3,000 Beg. Bal. Cash 22,000 10,000(a) 5,000(b) End. Bal. End. Bal. Accounts...
Investments (short-term) Beg. Bal. 3,000 Beg. Bal. Cash 22,000 10,000(a) 5,000(b) End. Bal. End. Bal. Accounts Receivable Beg. Bal. 3,000 Inventory 20,000 Beg. Bal. End. Bal. End. Bal. Notes Receivable (long-term) Beg. Bal. 1,000 Beg. Bal. Equipment 50,000 End. Bal. End. Bal. Factory Building 90,000 Intangibles 5,000 Beg. Bal. Beg. Bal. End. Bal. End. Bal. T Accounts Payable 15,000 Accrued Liabilities Payable Beg. Bal. 4,000 Beg. Bal. End. Bal. End. Bal. Notes payable (current) Beg. Bal. 7,000 Notes payable (noncurrent)...
Below are T-accounts. The numbers in parentheses are transaction numbers. Accounts Receivable Beg. bal. 2,000 (2)...
Below are T-accounts. The numbers in parentheses are transaction numbers. Accounts Receivable Beg. bal. 2,000 (2) 5,000 4,000 Supplies 1,000 6,000 Beg. bal. (4) (5) (3) Beg. bal. 8.000 (1) 20,000 14,000 (3 4.000 7.000 End. bal. 11,000 Accounts Payable Beg. bal. 2,000 (6) 7.000 6,000 End. bal. 3,000 End. bal. Service Revenue 7,000 Salaries Expense 14,000 Beg. bal. Beg. bal. (5) 20,000 5.000 25,000 End. bal. 1,000 End. bal. End. bal. 14,000 Required: From the table below select the...
some answers are wrong. T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4...
some
answers are wrong.
T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal. Salaries and Wages Payable...
do not understand why these are wrong? T-Accounts or Leger Accounts: Cash Beg Bal S12 S14...
do
not understand why these are wrong?
T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal. Salaries...
Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable...
Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Note Payable Retained Earnings Salaries and Wages Expense Supplies $ 713 1,800 1,800 15,000 2,100 3.400 3,911 4,300 1,060 Required Prepare journal entries for each of the following January activities, and post results to the relevant T- accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transactionlevent, select "No...
cant figure out retained earnings, revenue and expenses T-Accounts or Leger Accounts: Cash Beg Bal S12...
cant figure out retained earnings, revenue and expenses
T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal....
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing...
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Beg Bal ,450...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Beg Bal ,450 5, 650 9, 900 Beg Ba.l 4,550 6,650 8,950 8,750 22,650 Beg Bal 2,650 22,650 20, 850 8alaries Payable 3,250 3,950 3,650 8,750 20, 850Beg Bal 2,950 Beg Bal 12,900 20,850 The Cost of Goods Manufactured was: Musple Choice 20850 $22,650 $43,500 $9,800 6 Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process, beginning...
At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts:...
At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ 29,200 Accounts receivable 16,400 Accounts payable 12,200 Common stock 20,200 Retained earnings 13,200 The following events apply to Oak Consulting for Year 1: Provided $74,500 of services on account. Incurred $3,000 of operating expenses on account. Collected $50,000 of accounts receivable. Paid $36,000 cash for salaries expense. Paid $13,680 cash as a partial payment on accounts payable. Paid a $8,600...
T-account: Accounts Receivable Beg. 188,400 Bal. 105,800 63,990 18,090 5,490 14,790 19,290 Partial list of account balances at the end of the year Cash Accounts Receivable Equipment Accounts Payable $ 28,090 Unknown 35,690 5,990 want accate that will be reported on the company's balance sheet at the end of the year is.
Investments (short-term) Beg. Bal. 3,000 Beg. Bal. Cash 22,000 10,000(a) 5,000(b) End. Bal. End. Bal. Accounts Receivable Beg. Bal. 3,000 Inventory 20,000 Beg. Bal. End. Bal. End. Bal. Notes Receivable (long-term) Beg. Bal. 1,000 Beg. Bal. Equipment 50,000 End. Bal. End. Bal. Factory Building 90,000 Intangibles 5,000 Beg. Bal. Beg. Bal. End. Bal. End. Bal. T Accounts Payable 15,000 Accrued Liabilities Payable Beg. Bal. 4,000 Beg. Bal. End. Bal. End. Bal. Notes payable (current) Beg. Bal. 7,000 Notes payable (noncurrent)...
Below are T-accounts. The numbers in parentheses are transaction numbers. Accounts Receivable Beg. bal. 2,000 (2) 5,000 4,000 Supplies 1,000 6,000 Beg. bal. (4) (5) (3) Beg. bal. 8.000 (1) 20,000 14,000 (3 4.000 7.000 End. bal. 11,000 Accounts Payable Beg. bal. 2,000 (6) 7.000 6,000 End. bal. 3,000 End. bal. Service Revenue 7,000 Salaries Expense 14,000 Beg. bal. Beg. bal. (5) 20,000 5.000 25,000 End. bal. 1,000 End. bal. End. bal. 14,000 Required: From the table below select the...
some
answers are wrong.
T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal. Salaries and Wages Payable...
do
not understand why these are wrong?
T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal. Salaries...
Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Note Payable Retained Earnings Salaries and Wages Expense Supplies $ 713 1,800 1,800 15,000 2,100 3.400 3,911 4,300 1,060 Required Prepare journal entries for each of the following January activities, and post results to the relevant T- accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transactionlevent, select "No...
cant figure out retained earnings, revenue and expenses
T-Accounts or Leger Accounts: Cash Beg Bal S12 S14 b S4 S4 d. S47 28 $7 S10 i Accounts Receivable Beg Bal. SS 5 8 57 h End. Bal. Supplies Equipment Beg Bal. b $ 9 97 $14 54 End. Bal. $35 $5 $3-$9.95 - $7. Accumulated Depreciation Beg Ball Software $13 Sim End. Bal. SI Accumulated Amortization S8 $4 . End. Bal S13 Accounts Payable Beg Bal. S10 59 End. Bal....
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below.) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Beg Bal ,450 5, 650 9, 900 Beg Ba.l 4,550 6,650 8,950 8,750 22,650 Beg Bal 2,650 22,650 20, 850 8alaries Payable 3,250 3,950 3,650 8,750 20, 850Beg Bal 2,950 Beg Bal 12,900 20,850 The Cost of Goods Manufactured was: Musple Choice 20850 $22,650 $43,500 $9,800 6 Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance Work in process, beginning...
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