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> Question 1 of 3 Current Attemptin Progress The beper for Orice Company as you to...
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...
Exercise 3.20 Cullumber Company has the following balances in selected accounts on December 31, 2020. Service...
Exercise 3.20 Cullumber Company has the following balances in selected accounts on December 31, 2020. Service Revenue Insurance Expense Supplies Expense $39,000 5,100 2,600 2 All the accounts have normal balances. Cullumber Company debits prepayments to expense accounts when paid, and credits uneamed revenues to revenue accounts when received. The following information below has been gathered at December 31, 2020. 1. Cullumber Company paid $5,100 for 12 months of insurance coverage on June 1, 2020, On December 1, 2020, Cullumber...
prepare adjusting entries for the seven items described above. Question 2 View Policies Current Attempt in...
prepare adjusting entries for the seven items
described above.
Question 2 View Policies Current Attempt in Progress Oriole Company has the following balances in selected accounts on December 31, 2020 $0 0 6,000 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Uneared Service Revenue 10,000 1,800 2200 32.000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1 Oriole Company borrowed $9.700 by signing...
prepare adjusting entries for the seven items described above. Question 2 View Policies Current Attempt in...
prepare adjusting entries for the seven items
described above.
Question 2 View Policies Current Attempt in Progress Oriole Company has the following balances in selected accounts on December 31, 2020. $0 6,000 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 10.000 1.800 10 2.200 32.000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Oriole Company borrowed 59.700 by signing...
Confused on this one. Any help would be greatly appreciated! Current Attempt in Progress Bob Zeller...
Confused on this one. Any help would be greatly appreciated!
Current Attempt in Progress Bob Zeller Company has the following balances in selected accounts on December 31, 2020. Service Revenue Insurance Expense Supplies Expense $40,000 2,400 2,450 All the accounts have normal balances. Bob Zeller Company debits prepayments to expense accounts when paid, and credits unearned revenues to revenue accounts when received. The following information below has been gathered at December 31, 2020. 1. Bob Zeller Company paid $2,400 for...
Cullumber Company has the following balances in selected accounts on December 31, 2021. Cullumber has a...
Cullumber Company has the following balances in selected accounts on December 31, 2021. Cullumber has a calendar year end. Accounts Receivable $ 0 Accumulated Depreciation—Equipment 0 Equipment 6,300 Interest Payable 0 Notes Payable 9,300 Prepaid Insurance 2,244 Salaries Payable 0 Supplies 2,400 Unearned Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2021. 1. Cullumber Company borrowed $9,300 by signing a 4%, one-year note on September 1, 2021. 2. A count of...
i need help On July 1, 2019. Oriole Co.pays $19,500 to Sheffield Insurance Co. for a...
i need help
On July 1, 2019. Oriole Co.pays $19,500 to Sheffield Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Sheffield Insurance Co. Sheffield uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the...
View Policies Current Attempt in Progress Cortina Company accumulates the following adjustment data at December 31....
View Policies Current Attempt in Progress Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (overstated or understated) (Enter your answers in alphabetical order) (1) Type of Adjustment (2) Accounts Before Adjustment Item a. Supplies of $400 are on hand Supplies account shows $1,600 balance 7 b Services performed butunbilied total $700. Interest of $300 has accumulated...
Current Attempt in Progress The bookkeeper for Sheffield Corp. asks you to prepare the following accrued...
Current Attempt in Progress The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31. 1. 2. 3. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2,000, Salaries earned by employees of $540 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount...
Current Attempt in Progress Concord Corporation, opened a dental practice on January 1, 2020. During the...
Current Attempt in Progress Concord Corporation, opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. 2. 3. Performed services for patients who had dental plan insurance. At January 31, $890 of such services were performed but not Utility expenses incurred but not paid prior to January 31 totaled $690. Purchased dental equipment on January 1 for $86,000, paying $21,000 in cash and signing a $65,000, 3-year note payable. TI Purchased...
Exercise 3.20 Cullumber Company has the following balances in selected accounts on December 31, 2020. Service Revenue Insurance Expense Supplies Expense $39,000 5,100 2,600 2 All the accounts have normal balances. Cullumber Company debits prepayments to expense accounts when paid, and credits uneamed revenues to revenue accounts when received. The following information below has been gathered at December 31, 2020. 1. Cullumber Company paid $5,100 for 12 months of insurance coverage on June 1, 2020, On December 1, 2020, Cullumber...
prepare adjusting entries for the seven items
described above.
Question 2 View Policies Current Attempt in Progress Oriole Company has the following balances in selected accounts on December 31, 2020 $0 0 6,000 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Uneared Service Revenue 10,000 1,800 2200 32.000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1 Oriole Company borrowed $9.700 by signing...
prepare adjusting entries for the seven items
described above.
Question 2 View Policies Current Attempt in Progress Oriole Company has the following balances in selected accounts on December 31, 2020. $0 6,000 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 10.000 1.800 10 2.200 32.000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Oriole Company borrowed 59.700 by signing...
Confused on this one. Any help would be greatly appreciated!
Current Attempt in Progress Bob Zeller Company has the following balances in selected accounts on December 31, 2020. Service Revenue Insurance Expense Supplies Expense $40,000 2,400 2,450 All the accounts have normal balances. Bob Zeller Company debits prepayments to expense accounts when paid, and credits unearned revenues to revenue accounts when received. The following information below has been gathered at December 31, 2020. 1. Bob Zeller Company paid $2,400 for...
i need help
On July 1, 2019. Oriole Co.pays $19,500 to Sheffield Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Sheffield Insurance Co. Sheffield uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the...
View Policies Current Attempt in Progress Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (overstated or understated) (Enter your answers in alphabetical order) (1) Type of Adjustment (2) Accounts Before Adjustment Item a. Supplies of $400 are on hand Supplies account shows $1,600 balance 7 b Services performed butunbilied total $700. Interest of $300 has accumulated...
Current Attempt in Progress The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31. 1. 2. 3. Interest on notes payable of $500 is accrued. Services performed but not recorded total $2,000, Salaries earned by employees of $540 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount...
Current Attempt in Progress Concord Corporation, opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. 2. 3. Performed services for patients who had dental plan insurance. At January 31, $890 of such services were performed but not Utility expenses incurred but not paid prior to January 31 totaled $690. Purchased dental equipment on January 1 for $86,000, paying $21,000 in cash and signing a $65,000, 3-year note payable. TI Purchased...
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