Homework Answers
ANSWER. D. $68,400
CORRECT CASH BALANCE = ACCOUNTS PAYABLE + COMMON STOCK + NOTES PAYABLE - LAND - EQUIPMENT
= $32,400 + $39,000 + $64,500 - $49,500 - $18,000
= $68,400
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The following is a complete listing of all account balances on the trial balance of Todd...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
The following account balances were listed on the trial balance of Huan Company at the end...
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HELP! The trial balance for K and J Nursery, Inc., listed the following account balances at...
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From the alphabetized account information above, select the best representation of what a Trial Balance would...
From the alphabetized account information above, select the best
representation of what a Trial Balance would look like using this
information. Assume all accounts have normal balances.
Trial Balance (A)
Cash
$50,480
Accounts Receivable
45,333
Supplies
6,800
Equipment
33,500
Building
156,000
Land
18,000
Accounts Payable
3,600
Notes Payable
85,500
Common Stock
110,000
Retained Earnings
60,606
Dividends
18,000
Fees Earned Revenue
225,430
Salaries Expense
151,900
Miscellaneous Expense
5,123
$485,136
$485,136
Trial Balance (B)
Cash
$50,480
Fees Earned Revenue
Accounts Receivable
45,333...
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Question 1 (7 points) Charlie Corporation's adjusted trial balance included the following items (all account balances...
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Charlie Corporation's adjusted trial balance included the following items (all account balances are normal): Account...
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The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as...
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The adjusted trial balance of Lawrence Corporation showed the following selected account balances (all debits) at...
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From the alphabetized account information above, select the best
representation of what a Trial Balance would look like using this
information. Assume all accounts have normal balances.
Trial Balance (A)
Cash
$50,480
Accounts Receivable
45,333
Supplies
6,800
Equipment
33,500
Building
156,000
Land
18,000
Accounts Payable
3,600
Notes Payable
85,500
Common Stock
110,000
Retained Earnings
60,606
Dividends
18,000
Fees Earned Revenue
225,430
Salaries Expense
151,900
Miscellaneous Expense
5,123
$485,136
$485,136
Trial Balance (B)
Cash
$50,480
Fees Earned Revenue
Accounts Receivable
45,333...
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