Homework Answers
| Hickory Furniture Company | ||
| Unadjusted Trial Balance | ||
| December 31,2019 | ||
| Debit balances | Credit balances | |
| Cash | 33320 | |
| Accounts Recievable | 116900 | |
| Supplies | 4275 | |
| Prepaid Insurance | 21600 | |
| Land | 50000 | |
| Accounts Payable | 42770 | |
| Unearned Rent | 12000 | |
| Notes Payable | 50000 | |
| Elaine Wells, Capital | 75000 | |
| Elaine Wells, Drawings | 24000 | |
| Fees earned | 745230 | |
| Wages expense | 580700 | |
| Rent expense | 48000 | |
| Utilities expense | 26850 | |
| Supplies expense | 6255 | |
| Insurance expense | 3600 | |
| Miscellaneous expense | 9500 | |
| 925000 | 925000 | |
| Workings: | |
| Total Credit balances | 925000 |
| Less: Debit balances excluding Cash | 891680 |
| Cash balance | 33320 |
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Calculator Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $41,550 Accounts Receivable 83,050 Cash ? Elaine Wells, Capital 193,800 Elaine Wells, Drawing 45,000 Fees Earned 692,200 Insurance Expense 13,150 Land 189,650 Miscellaneous Expense 19,400 Notes Payable 90,000 Prepaid Insurance 6,250 Rent Expense 131.500 Supplies 4,150 Supplies Expense 17,300 Uneared...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6, are listed in alphabetical order below. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $37,100 Accounts Receivable 74,200 Cash ? Elaine Wells, Capital 173,100 Elaine Wells, Drawing 40,000 Fees Earned 618,300 Insurance Expense 11,750 Land 169,400 Miscellaneous Expense 17,300 Notes Payable 80,000 Prepaid Insurance 5,550 Rent Expense 117,500 Supplies 3,700 Supplies Expense 15,450 Unearned Rent...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $25,100 Accounts Receivable 50,150 Cash ? Elaine Wells, Capital 117,050 Elaine Wells, Drawing 27,000 Fees Earned 418,000 Insurance Expense 7,950 Land 114,550 Miscellaneous Expense 11,700 Notes Payable 54,000 Prepaid Insurance 3,750 Rent Expense 79,400 Supplies 2,500 Supplies Expense 10,450 Unearned...
v2.cengagenow.com Netflix CengageNOWV2 Online teaching and learning resource from Cengage Learning eBook Calculator Print item The...
v2.cengagenow.com Netflix CengageNOWV2 Online teaching and learning resource from Cengage Learning eBook Calculator Print item The following accounts appeared in recent financial statements of Delta Air Lines. Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an asset, a liability, or owner's equity. For each income statement account, identify it as a revenue or an expense. Item Financial Statement Type of Account Accounts Payable Advanced Payments for...
Calculator December 31 6,255 2,779 633 14,739 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts...
Calculator December 31 6,255 2,779 633 14,739 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 9,207 1,466 4,449 1,000 4,958 790 8,202 2,543 798 458 182 105 29,282 Totals 29,282 Determine the net income (loss) for the period. Oa. Net income $3,326 Ob. Net loss $3,326 Oc. Net loss $4,116 Od. Net income $4,116 Next > Email Instructor Submit...
Printem is not wound my laptor Errors in Trial Balance Identify the errors in the following...
Printem is not wound my laptor Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Mascot Co. Unadjusted Trial Balance For the Month Ending July 31, 2019 Debit Balances Credit Balances Cash 36,000 Accounts Receivable 112,600 Prepaid Insurance 18,000 Equipment 375,000 Accounts Payable 53,300 Salaries Payable 7,500 Samuel Parson, Capital 297,200 Samuel Parson, Drawing 17,000 Fees Earned 682,000 Salary Expense 396,800 Advertising Expense 73,000 Miscellaneous Expense 11,600 1,189,300 1,189,300 Previous Next >...
Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are...
Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabe the cash account has been intentionally omitted. Accounts Payable $118,600 Accounts Receivable 660,500 Cash ? Common Stock 150,000 Dividends 36,000 Fees Earned 4,330,000 Insurance Expense 18,000 Land 1,850,000 Miscellaneous Expense 30,200 Notes Payable 75,000 Prepaid Insurance 21,600 390,000 Rent Expense Retained Earnings 1,814,400 Supplies 11,200 Supplies Expense 23,700 Unearned Rent 12,000 82,000 Utilities Expense Wages Expense 2,950,000 Assignment/ eASSI eBook Show...
eBook Show Me How Calculator Print Item Trial Balance National Park Tours Co. is a travel...
eBook Show Me How Calculator Print Item Trial Balance National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 8,000 Beth Worley, Drawing (9) 2,500 (1) 75,000 (2) 900 (7) 8,150|(3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Accounts Payable Fees Earned Accounts Receivable (5) 12,300|(7) 8,150 (6) 2,700|(3) 6,400 (5) 12,300 Supplies (2) 900 (8)...
eBook Show Me How Calculator Print Item Journal Entries National Park Tours Co. is a travel...
eBook Show Me How Calculator Print Item Journal Entries National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment Beth Worley, Drawing (9) 2,500 (3) 8,000 (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Fees Earned Accounts Receivable Accounts Payable (6) 2,700|(3) 6,400 (5) 12,300 (5) 12,300|(7) 8,150 Supplies (2) 900...
resource from Cengage Learning eBook Calculator Print Item Normal Entries for Accounts During the month, Midwest...
resource from Cengage Learning eBook Calculator Print Item Normal Entries for Accounts During the month, Midwest Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Fees Earned 5. Insurance Expense 6. Jerri Holt, Drawing 7. Utilities Expense Previous Next Check My Work 3 more...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $41,550 Accounts Receivable 83,050 Cash ? Elaine Wells, Capital 193,800 Elaine Wells, Drawing 45,000 Fees Earned 692,200 Insurance Expense 13,150 Land 189,650 Miscellaneous Expense 19,400 Notes Payable 90,000 Prepaid Insurance 6,250 Rent Expense 131.500 Supplies 4,150 Supplies Expense 17,300 Uneared...
v2.cengagenow.com Netflix CengageNOWV2 Online teaching and learning resource from Cengage Learning eBook Calculator Print item The following accounts appeared in recent financial statements of Delta Air Lines. Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an asset, a liability, or owner's equity. For each income statement account, identify it as a revenue or an expense. Item Financial Statement Type of Account Accounts Payable Advanced Payments for...
Calculator December 31 6,255 2,779 633 14,739 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 9,207 1,466 4,449 1,000 4,958 790 8,202 2,543 798 458 182 105 29,282 Totals 29,282 Determine the net income (loss) for the period. Oa. Net income $3,326 Ob. Net loss $3,326 Oc. Net loss $4,116 Od. Net income $4,116 Next > Email Instructor Submit...
Printem is not wound my laptor Errors in Trial Balance Identify the errors in the following trial balance. All accounts have normal balances. Mascot Co. Unadjusted Trial Balance For the Month Ending July 31, 2019 Debit Balances Credit Balances Cash 36,000 Accounts Receivable 112,600 Prepaid Insurance 18,000 Equipment 375,000 Accounts Payable 53,300 Salaries Payable 7,500 Samuel Parson, Capital 297,200 Samuel Parson, Drawing 17,000 Fees Earned 682,000 Salary Expense 396,800 Advertising Expense 73,000 Miscellaneous Expense 11,600 1,189,300 1,189,300 Previous Next >...
Trial Balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabe the cash account has been intentionally omitted. Accounts Payable $118,600 Accounts Receivable 660,500 Cash ? Common Stock 150,000 Dividends 36,000 Fees Earned 4,330,000 Insurance Expense 18,000 Land 1,850,000 Miscellaneous Expense 30,200 Notes Payable 75,000 Prepaid Insurance 21,600 390,000 Rent Expense Retained Earnings 1,814,400 Supplies 11,200 Supplies Expense 23,700 Unearned Rent 12,000 82,000 Utilities Expense Wages Expense 2,950,000 Assignment/ eASSI eBook Show...
eBook Show Me How Calculator Print Item Trial Balance National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 8,000 Beth Worley, Drawing (9) 2,500 (1) 75,000 (2) 900 (7) 8,150|(3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Accounts Payable Fees Earned Accounts Receivable (5) 12,300|(7) 8,150 (6) 2,700|(3) 6,400 (5) 12,300 Supplies (2) 900 (8)...
eBook Show Me How Calculator Print Item Journal Entries National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash Equipment Beth Worley, Drawing (9) 2,500 (3) 8,000 (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Fees Earned Accounts Receivable Accounts Payable (6) 2,700|(3) 6,400 (5) 12,300 (5) 12,300|(7) 8,150 Supplies (2) 900...
resource from Cengage Learning eBook Calculator Print Item Normal Entries for Accounts During the month, Midwest Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Fees Earned 5. Insurance Expense 6. Jerri Holt, Drawing 7. Utilities Expense Previous Next Check My Work 3 more...
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