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RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Cash Accounts Receivable Supplies.. Equipment Accumulated Depreciation...
The adjusted trial balance of C.S. Financial Planners appears below. Credit C.S. Financial Planners Adjusted Trial...
The adjusted trial balance of C.S. Financial Planners appears below. Credit C.S. Financial Planners Adjusted Trial Balance December 31, 2018 Debit Cash $4,900 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 2,500 Service Revenue Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 2,400 $31,900 $4,000 3,300 6,000 10,000 4,400 4,200 $31,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31,...
Happy Corporation Partial Trial Balance December 31, 2020 Cash Account Receivable Supplies Prepaid Insurance Equipment Accumulated...
Happy Corporation Partial Trial Balance December 31, 2020 Cash Account Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Account Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense $11,350 21,500 5,000 2,500 60,000 35,000 5,000 5,150 5,600 1,300 10,000 3,500 61,500 11,300 150 2,000 7,000 3,400 4,000 Make closing entries for Happy Corporation as of December 31,2020 Name Problem III...
______________________________________________________ Ensley, Inc. Adjusted Trial Balance December 31, 2020 Debit Credit Cash 83,050 Accounts Receivable 220,000...
______________________________________________________ Ensley, Inc. Adjusted Trial Balance December 31, 2020 Debit Credit Cash 83,050 Accounts Receivable 220,000 Prepaid Insurance 24,000 Supplies 2,700 Inventory 48,000 Equipment 160,000 Accumlated Depreciation- Equipment 30,000 Accounts Payable 159,500 Interest Payable 1,333 Wages Payable 500 Unearned Revenue - Alarm Systems 4,000 Long-Term Bank Note Payable 100,000 Common Stock 75,000 Retained Earnings 84,050 Dividends 7,000 Revenue 403,000 Cost of the Goods Sold 132,500 Depreciation Expense - Equipment 0 Insurance Expense 12,000 Interest Expense 1,333 Rent Expense 24,000 Supplies...
WILDHORSE CO. Trial Balance August 31, 2022 Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated...
WILDHORSE CO. Trial Balance August 31, 2022 Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. Cr. $10,000 8,720 2,850 4,370 15,160 $3,411 5,190 0 1,840 16,110 5,130 2,760 33,930 12,430 16,940 0 17,241 0 0 $78,041 $78,041 After Adjustment Dr. $10,000 9,400 1,230 3,120 15,160...
Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600...
Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600 2,990,000 530,000 23.400 3,000,000 $ 150.000 930.000 58,400 230.000 33,000 970.000 21,600,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Uneamed Service Revenue Wages Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Wage Expense Utilities Expense Selling Expense Administrative Expense Repairs Expense insurance Expense Interest Expense Supplies Expense Depreciation Expense--Equipment 45.000 3,754,000 730.400 96.100 45.100 130,000 37.000 19.800 40.000 557.000 150,000 $...
GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31, CURRENT YEAR Cash $218,640 Accounts receivable...
GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31, CURRENT YEAR Cash $218,640 Accounts receivable 10,800 Supplies 720 Equipment 28,800 Accumulated depreciation: equipment $ 12,000 Accounts payable 3,600 Income taxes payable 8,400 Capital stock 60,000 Retained earnings 108,000 Dividends 4,800 Lawn care revenue earned 230,400 Salary expense 124,800 Supply expense 2,880 Advertising expense 720...
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company,...
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit $91,000 Service Fees Earned Rent Expense Salaries Expense Supplies Expense Depreciation Expense Retained Earnings Dividends $20,800 52,000 6,000 11,300 72,000 10,000 Prepare journal entries to close the accounts directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account? General Journal Description Debit Credit Date Dec.31 0...
Presented below is an adjusted trial balance for Shawn Company, at December 31, 2018. Cash $...
Presented below is an adjusted
trial balance for Shawn Company, at December 31, 2018. Cash $ 7,700
Accounts payable $10,000 Accounts receivable 20,000 Notes payable
9,000 Prepaid insurance 15,000 Accumulated depreciation—Equipment
14,000 Equipment 35,000 Service revenue 29,000 Depreciation expense
7,000 Common stock 10,000 Dividends 1,500 Retained earnings 14,000
Advertising expense 1,400 Unearned service revenue 16,000 Rent
expense 800 Salaries and wages expense 12,000 Insurance expense
1,600 $102,000 $102,000
Question 5 Presented below is an adjusted trial balance for Shawn Company,...
August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and...
August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. Cr. $10,260 8,470 2,500 4,340 15,800 h $3,555 5,780 0 1,830 19,800 5,830 2.910 32,070 13.570 16,670 0 21,485 O 0 $82,435 $82,435 After Adjustment Dr. Cr. $10,260 8,970 660 3,080 15,800 $4,755 5,780 1,280...
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company,...
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit Service Fees Earned $80,300 Rent Expense $20,800 Salaries Expense 45,700 Supplies Expense 5,600 Depreciation Expense 10,200 Retained Earnings 67,000 Dividends 9,000 Prepare journal entries to close the accounts directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account? General Journal Description Date Debit Dec.31 To close...
The adjusted trial balance of C.S. Financial Planners appears below. Credit C.S. Financial Planners Adjusted Trial Balance December 31, 2018 Debit Cash $4,900 Accounts Receivable 2,200 Supplies 1,800 Equipment 15,000 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 2,500 Service Revenue Supplies Expense 600 Depreciation Expense 2,500 Rent Expense 2,400 $31,900 $4,000 3,300 6,000 10,000 4,400 4,200 $31,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31,...
Happy Corporation Partial Trial Balance December 31, 2020 Cash Account Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Account Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense $11,350 21,500 5,000 2,500 60,000 35,000 5,000 5,150 5,600 1,300 10,000 3,500 61,500 11,300 150 2,000 7,000 3,400 4,000 Make closing entries for Happy Corporation as of December 31,2020 Name Problem III...
WILDHORSE CO. Trial Balance August 31, 2022 Cr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. Cr. $10,000 8,720 2,850 4,370 15,160 $3,411 5,190 0 1,840 16,110 5,130 2,760 33,930 12,430 16,940 0 17,241 0 0 $78,041 $78,041 After Adjustment Dr. $10,000 9,400 1,230 3,120 15,160...
Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600 2,990,000 530,000 23.400 3,000,000 $ 150.000 930.000 58,400 230.000 33,000 970.000 21,600,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Uneamed Service Revenue Wages Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Wage Expense Utilities Expense Selling Expense Administrative Expense Repairs Expense insurance Expense Interest Expense Supplies Expense Depreciation Expense--Equipment 45.000 3,754,000 730.400 96.100 45.100 130,000 37.000 19.800 40.000 557.000 150,000 $...
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit $91,000 Service Fees Earned Rent Expense Salaries Expense Supplies Expense Depreciation Expense Retained Earnings Dividends $20,800 52,000 6,000 11,300 72,000 10,000 Prepare journal entries to close the accounts directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account? General Journal Description Debit Credit Date Dec.31 0...
Presented below is an adjusted
trial balance for Shawn Company, at December 31, 2018. Cash $ 7,700
Accounts payable $10,000 Accounts receivable 20,000 Notes payable
9,000 Prepaid insurance 15,000 Accumulated depreciation—Equipment
14,000 Equipment 35,000 Service revenue 29,000 Depreciation expense
7,000 Common stock 10,000 Dividends 1,500 Retained earnings 14,000
Advertising expense 1,400 Unearned service revenue 16,000 Rent
expense 800 Salaries and wages expense 12,000 Insurance expense
1,600 $102,000 $102,000
Question 5 Presented below is an adjusted trial balance for Shawn Company,...
August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. Cr. $10,260 8,470 2,500 4,340 15,800 h $3,555 5,780 0 1,830 19,800 5,830 2.910 32,070 13.570 16,670 0 21,485 O 0 $82,435 $82,435 After Adjustment Dr. Cr. $10,260 8,970 660 3,080 15,800 $4,755 5,780 1,280...
Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell & Company, Consultant, contains the following revenue and expense accounts: Debit Credit Service Fees Earned $80,300 Rent Expense $20,800 Salaries Expense 45,700 Supplies Expense 5,600 Depreciation Expense 10,200 Retained Earnings 67,000 Dividends 9,000 Prepare journal entries to close the accounts directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account? General Journal Description Date Debit Dec.31 To close...
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