From owner's capital and down which selection is credit and debit
Homework Answers
| Head | Debit /Credit |
| Owner's Capital | Credit |
| Owner's Drawings | Debit |
| Catering Fees | Credit |
| Interest revenue | Credit |
| Flower sales | Credit |
| Commissions earned | Credit |
| Banquet hall income | Credit |
| Depreciation Expense | Debit |
| Salary Expense | Debit |
| Accrued liabilities | Credit |
| Advertising expense | Debit |
| Utilities expense | Debit |
| Legal expense | Debit |
| Publication expense | Debit |
| Telephone expense | Debit |
| Supplies Expense | Debit |
| Maintenance expense | Debit |
| License & permits expense | Debit |
| Cost of sales | Debit |
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From owner's capital and down which selection is credit and
debit
D&G Catering Company Trial Balance...
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On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000....
On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000. During March, he withdrew $31,000 from the business. The amounts of the various assets, liabilities, revenues, and expenses are as follows Accounts payable Accounts receivable Cash Fees earned Insurance expense Land Miscellaneous expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense s 10,250 45,950 19,390 60,500 1,275 85,400 1,210 3,000 9,000 20,300 900 525 2,800 Present, in good form, (a) an...
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Create a Balance Sheet
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Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
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list of accounts
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On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000. During March, he withdrew $31,000 from the business. The amounts of the various assets, liabilities, revenues, and expenses are as follows Accounts payable Accounts receivable Cash Fees earned Insurance expense Land Miscellaneous expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense s 10,250 45,950 19,390 60,500 1,275 85,400 1,210 3,000 9,000 20,300 900 525 2,800 Present, in good form, (a) an...
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1. On March 1, 2009, the amount of Norton Cook's capital in Cook's Catering Company was $150,000. During March, he withdrew $31,000 from the business. The amounts of the various assets, liabilities, revenues, and expenses are as follows: Accounts payable Accounts receivable Cash Fees earned Insurance expense Land Miscellaneous expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense $ 10,250 45,950 19,390 60,500 1,275 85,400 1,210 3,000 9,000 20,300 900 525 2,800 al SEE NEXT PAGE Cook's...
Create a Balance Sheet
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The following trial balance of Swifty Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $103. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,850 and $6,690, respectively. (d) A debit posting to Advertising Expense of $279 was omitted. (e)...
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list of accounts
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