Homework Answers
| Date | Account and explanation | Debit | Credit |
|---|---|---|---|
| Dec 31 | Supplies Expense | 3100 | |
| Office Supplies | 3100 | ||
| (to record supplies used) | |||
| Dec 31 | Rent expense | 10,560 | |
| Prepaid rent | 10,560 | ||
| (to record expired rent) | |||
| Dec 31 | Service Revenue | 4,700 | |
| Unearned revenue | 4,700 | ||
| (to record service revenue) | |||
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Chart of Accounts Account Number 101 105 115 120 125 140 145 150 151 155 156...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Employees earned $2,900 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,700. Adjustment Type: Salaries Expense Salaries Payable November 1 of the current year, Record the transaction for the year ended December 31 Adjustment Type: Insurance Expense...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $3,700. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,000. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Used office supplies of $290. The Office Supplies unadjusted balance on December 31 is $9,800. Adjustment...
Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture...
Accounts Payable
Accounts Receivable
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated Depreciation - Furniture
Accumulated Depreciation - Vehicles
Advertising Expense
Bank Loan Payable
Bank Loan Receivable
Buildings
Cash
Common Shares
Depreciation Expense
Dividends Declared
Equipment
Fees Earned
Furniture
Income Summary
Income Tax Expense
Income Tax Payable
Income Tax Receivable
Insurance Expense
Insurance Revenue
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Land
Mortgage Payable
No Entry
Notes Receivable
Office Expense
Prepaid Advertising
Prepaid Expense
Prepaid Insurance
Prepaid Rent...
Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts...
Trial Balance Adjustments Trial Balance Account Names Debit Credit Debit Credit Debit Credit Cash $3,600 Accounts Receivable 6,400 Office Supplies 2,200 Prepaid Insurance 2,400 Equipment 28,000 Accumulated Depreciation-Equipment $8,500 Accounts Payable 5,100 Salaries Payable Common Stock 12,200 Dividends 27,000 Service Revenue 73,000 Depreciation Expense-Equipment Supplies Expense Utilities Expense 4,700 Salaries Expense 24,500 Insurance Expense Total $98,800 $98,800 a. As of December 31, Ganville had performed $100 of service revenue but has not yet billed customers. b. At the end of...
Print 3. Consider the following independent situations at December 31: Click the icon to view the...
Print 3. Consider the following independent situations at December 31: Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the joumal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On October 1, a business collected $3,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. Al...
In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber...
In addition to those accounts listed on the trial balance, the
chart of accounts for Cullumber Company also contains the following
accounts and account numbers: No. 142 Accumulated
Depreciation—Buildings, No. 150 Accumulated Depreciation—Equipment,
No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No.
619 Depreciation Expense, No. 631 Supplies Expense, No. 718
Interest Expense, and No. 722 Insurance Expense. Other data: 1.
Prepaid insurance is a 1-year policy starting May 1, 2020. 2. A
count of supplies shows $700...
QUESTION 14 CHART OF ACCOUNTS 101 Cash 211 Notes Payable 111 Notes Receivable 212 Accounts Payable...
QUESTION 14 CHART OF ACCOUNTS 101 Cash 211 Notes Payable 111 Notes Receivable 212 Accounts Payable 112 Accounts Receivable 214 Interest Payable 114 Interest Receivable 216 Wages Payable 119 Allow for Doubt Accounts 261 Unearned Revenue 121 Inventory 281 Bonds Payable 125 Supplies 311 Common Stock 130 Prepaid Insurance 312 In Excess of Par 132 Prepaid Rent 320 Retained Earnings 161 Equipment 332 Dividends 162 Accumulated Depreciation 350 Income Summary Billed customers for services rendered 401 Service Revenue 491 Interest...
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the...
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the partial worksheet.) Read the requirements? Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Cynthia Elmer, CPA Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent 46,900...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
Build the unadjusted trial balance and adjustments columns from the given information and total the columns....
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Employees earned $2,900 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,700. Adjustment Type: Salaries Expense Salaries Payable November 1 of the current year, Record the transaction for the year ended December 31 Adjustment Type: Insurance Expense...
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Depreciation for the current year includes Equipment, $3,700. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,000. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Used office supplies of $290. The Office Supplies unadjusted balance on December 31 is $9,800. Adjustment...
Accounts Payable
Accounts Receivable
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated Depreciation - Furniture
Accumulated Depreciation - Vehicles
Advertising Expense
Bank Loan Payable
Bank Loan Receivable
Buildings
Cash
Common Shares
Depreciation Expense
Dividends Declared
Equipment
Fees Earned
Furniture
Income Summary
Income Tax Expense
Income Tax Payable
Income Tax Receivable
Insurance Expense
Insurance Revenue
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Land
Mortgage Payable
No Entry
Notes Receivable
Office Expense
Prepaid Advertising
Prepaid Expense
Prepaid Insurance
Prepaid Rent...
Print 3. Consider the following independent situations at December 31: Click the icon to view the situations.) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the joumal entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. On October 1, a business collected $3,000 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. Al...
In addition to those accounts listed on the trial balance, the
chart of accounts for Cullumber Company also contains the following
accounts and account numbers: No. 142 Accumulated
Depreciation—Buildings, No. 150 Accumulated Depreciation—Equipment,
No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No.
619 Depreciation Expense, No. 631 Supplies Expense, No. 718
Interest Expense, and No. 722 Insurance Expense. Other data: 1.
Prepaid insurance is a 1-year policy starting May 1, 2020. 2. A
count of supplies shows $700...
QUESTION 14 CHART OF ACCOUNTS 101 Cash 211 Notes Payable 111 Notes Receivable 212 Accounts Payable 112 Accounts Receivable 214 Interest Payable 114 Interest Receivable 216 Wages Payable 119 Allow for Doubt Accounts 261 Unearned Revenue 121 Inventory 281 Bonds Payable 125 Supplies 311 Common Stock 130 Prepaid Insurance 312 In Excess of Par 132 Prepaid Rent 320 Retained Earnings 161 Equipment 332 Dividends 162 Accumulated Depreciation 350 Income Summary Billed customers for services rendered 401 Service Revenue 491 Interest...
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the partial worksheet.) Read the requirements? Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Cynthia Elmer, CPA Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent 46,900...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
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