Homework Answers
|
Date |
Particular |
Debit |
Credit |
|
Dec 31 |
Rent Expense a/c Dr To prepaid rent |
$2,000 |
$2,000 |
|
Cash a/c Dr To consulting revenue a/c |
$4,000 |
$4,000 |
|
|
Depreciation expense a/c Dr To accumulated depreciation |
$5,000 |
$5,000 |
|
|
Supplies expense a/c Dr To Supplies a/c |
$1,000 |
$1,000 |
E 7 December 31, 2018 Debit Credit Cash $ 7,000.00 0 Accounts Receivable $ 5,000.00 1...
E 7 December 31, 2018 Debit Credit Cash $ 7,000.00 0 Accounts Receivable $ 5,000.00 1 Allowance for Doubtful Accounts $ 1,000.00 2 Supplies $ 1,750.00 3 Inventory $ 12,000.00 4 Prepaid Insurance $ 2,000.00 5 Prepaid Rent $ 4,000.00 6 Equipment $ 9,000.00 7 Accumulated Depreciation - Equipment $ 2,500.00 3 Cars $ 21,000.00 9 Accumulated Depreciation - Cars $ 9,000.00 Accounts Payable $ 1,000.00 1 Unearned Service Revenue $ 900.00 2 Common Stock $ 2,500.00 3 Retained Earnings...
4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing...
4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing entries for the year end. Account Title Debit Credit Cash 20,000.00 Office Supplies 5,000.00 Prepaid Insurance 4,000.00 Equipment 30,000.00 Accumulated Depreciation - Equip 17,000.00 Accounts Payable 16,000.00 Common Stock 10,000.00 Retained Earnings 2,500.00 Dividends 5,000.00 Consulting Services 90,000.00 Wages Expense 55,000.00 Rent Expense 12,000.00 Utilities Expense 3,000.00 Taxes Expense 1,500.00 Totals $ 135,500.00 $ 135,500.00 Account DR CR Date Dec. 31, 2019
How do I turn this trial balance into an income statement and the balance sheet ACCOUNT...
How do I turn this trial balance into an income statement and the balance sheet ACCOUNT ACCOUNT TYPE DEBIT CREDIT BALANCE Checking Bank $ 35,600.00 $ 34,762.00 $ 838.00 Equipment Fixed Asset $ 15,000.00 $ - $ 15,000.00 A/D - Equipment Fixed Asset $ - $ 150.00 $ (150.00) Land Fixed Asset $ 25,000.00 $ - $ 25,000.00 Building Fixed Asset $ 175,000.00 $ - $ 175,000.00 A/D - Building Fixed Asset $ - $ 850.00 $ (850.00) Small Business...
Statement of Operations, Financial Position, and Statement of Cash Flow Reconciliation to Net Income
1/1/2022 Debit Credit Cash $ 950,000.00Common Stock $ 950,000.00Cash $ 2,000,000.00Note Payable $ 2,000,000.00Inventory $ 147,000.00Accounts Payable $ 147,000.00Prepaid Rent $ 480,000.00Cash $ 480,000.00Supplies $ 10,000.00Cash $ 10,000.001/11/2022Inventory $ 3,000.00Accounts Payable $ 3,000.001/20/2022Accounts Payable $ 150,000.00Cash $ 150,000.002/10/2022Accounts Receivable $ 21,340.00Sales Revenue $ 21,340.00Cost of Goods Sold $ 15,000.00Inventory $ 15,000.00Cash $ 30,000.00Sales Revenue $ 30,000.00Cost of Goods Sold $ 21,000.00Inventory $ 21,000.003/10/2022Accounts Receivable $ 660.00Sales Revenue $ 660.003/15/2022Inventory $ 170,000.00Cash $ 170,000.004/30/2022Cash $ 30,000.00Sales Revenue $ 30,000.00Cost of Goods...
I need the closing entries filled out based on the adjusted trial balance provided please. PDF...
I need the closing entries filled out based on the adjusted trial
balance provided please.
PDF worksheet.pdf X + V - a x 6 a worksheet.pdf E 0 0 i oft lo file:///C:/Users/Meredith/Desktop/worksheet.pdf + - Fit to page OD Page view | A' Read aloud L Add notes o e l so Adjusting entries Debit Credit 137,400.00 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 3,285.72 10.000.00 2,000.00 2,300.00 1,600.00 30,401.00 10,000.00 Adjusted trial balance Debit...
Please complete the T-accounts, bank reconciliation(if anything needs to be added), income statement, ststement of retained...
Please complete the T-accounts, bank reconciliation(if anything
needs to be added), income statement, ststement of retained
earnings, balance sheeet, cash flow, closing entries, and post
closing trial balance.
Journal
T-accounts (not completed)
Unadjusted Trial Balance (completed)
Adjustments
Adjusted Trial Balance
Income Statement
Statement of Retained Earnings
Balance Sheet
Cash Flow
Closing Entries
Post Closing Trial Balance
Debit Credit Account Names Started Corporation with $10,000.00 in exchange 10,000 shares common stock cash common stock $10,000.00 $10,000.00 2 Purchased a Computer for...
I need I need the closing entries and income statement completed please based on the adjusted...
I need I need the closing entries and income statement completed
please based on the adjusted trial balance.
6 5 - o x E Income statement.pdf x + v = 0 a 0 file:///C:/Users/Meredith/Desktop/Income%20statement.pdf of lo - + Fit to width Page view | A Read aloud h Add notes o E se Peyton Approved Income Statement For Year Ending 12/31/2017 Bakery Sales Merchandise Sales Total Revenues Merchandise Cost of Goods Sold (FIFO) Baking Cost of Goods Sold Gross Profit...
Complete the “Closing Entries” tab in your workbook by closing all temporary income statement amounts to...
Complete the “Closing Entries” tab in your workbook by closing
all temporary income statement amounts to create closing
entries.
Prepare the “Post Closing Trial Balance” tab for the next
accounting period.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies...
Create financial statements by properly employing prescribed methods in accordance with generally accepted accounting principles: A....
Create financial statements by properly employing prescribed
methods in accordance with generally accepted accounting
principles:
A. Step Eight: Prepare the financial statements. Note that you must
use your adjusted trial balance to prepare the income statement,
statement of
owner’s equity, and balance sheet. You must complete these
statements in this order, as there are interdependencies among
them. [ACC-201-
03]
B. Step Nine: Complete the “Closing Entries” tab in your workbook
by closing all temporary income statement amounts to create closing...
please journalize the closing entires and post to general ledger. thanks CASH Acent 0 101 2018...
please journalize the closing entires and post to general
ledger. thanks
CASH Acent 0 101 2018 Balance Post Ref Date Description Credit Credit Debit 20,000.00 Debit 20,000.00 11.500.00 June 8,500.00 13,000.00 1,500.00 5,000.00 3,500.00 1,000.00 2,500.00 2,000.00 1,000.00 Journal not posted to GL: -150 pts Account: ACCOUNT RECEIVABLE 2018 Balance Description Credit Credit Date June Debit 20,000.00 10 Debit 20.000.00 15,000.00 5,000.00 Account: SUPPLIES Accnt : 2018 Balance Description Date June Credit Credit Debit 2,000.00 2.000.00 Debit 2.000.00 4,000.00 20...
E 7 December 31, 2018 Debit Credit Cash $ 7,000.00 0 Accounts Receivable $ 5,000.00 1 Allowance for Doubtful Accounts $ 1,000.00 2 Supplies $ 1,750.00 3 Inventory $ 12,000.00 4 Prepaid Insurance $ 2,000.00 5 Prepaid Rent $ 4,000.00 6 Equipment $ 9,000.00 7 Accumulated Depreciation - Equipment $ 2,500.00 3 Cars $ 21,000.00 9 Accumulated Depreciation - Cars $ 9,000.00 Accounts Payable $ 1,000.00 1 Unearned Service Revenue $ 900.00 2 Common Stock $ 2,500.00 3 Retained Earnings...
4. Below is the Adjusted Trial Balance as of December 31, 2019. Prepare the four closing entries for the year end. Account Title Debit Credit Cash 20,000.00 Office Supplies 5,000.00 Prepaid Insurance 4,000.00 Equipment 30,000.00 Accumulated Depreciation - Equip 17,000.00 Accounts Payable 16,000.00 Common Stock 10,000.00 Retained Earnings 2,500.00 Dividends 5,000.00 Consulting Services 90,000.00 Wages Expense 55,000.00 Rent Expense 12,000.00 Utilities Expense 3,000.00 Taxes Expense 1,500.00 Totals $ 135,500.00 $ 135,500.00 Account DR CR Date Dec. 31, 2019
I need the closing entries filled out based on the adjusted trial
balance provided please.
PDF worksheet.pdf X + V - a x 6 a worksheet.pdf E 0 0 i oft lo file:///C:/Users/Meredith/Desktop/worksheet.pdf + - Fit to page OD Page view | A' Read aloud L Add notes o e l so Adjusting entries Debit Credit 137,400.00 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 3,285.72 10.000.00 2,000.00 2,300.00 1,600.00 30,401.00 10,000.00 Adjusted trial balance Debit...
Please complete the T-accounts, bank reconciliation(if anything
needs to be added), income statement, ststement of retained
earnings, balance sheeet, cash flow, closing entries, and post
closing trial balance.
Journal
T-accounts (not completed)
Unadjusted Trial Balance (completed)
Adjustments
Adjusted Trial Balance
Income Statement
Statement of Retained Earnings
Balance Sheet
Cash Flow
Closing Entries
Post Closing Trial Balance
Debit Credit Account Names Started Corporation with $10,000.00 in exchange 10,000 shares common stock cash common stock $10,000.00 $10,000.00 2 Purchased a Computer for...
I need I need the closing entries and income statement completed
please based on the adjusted trial balance.
6 5 - o x E Income statement.pdf x + v = 0 a 0 file:///C:/Users/Meredith/Desktop/Income%20statement.pdf of lo - + Fit to width Page view | A Read aloud h Add notes o E se Peyton Approved Income Statement For Year Ending 12/31/2017 Bakery Sales Merchandise Sales Total Revenues Merchandise Cost of Goods Sold (FIFO) Baking Cost of Goods Sold Gross Profit...
Complete the “Closing Entries” tab in your workbook by closing
all temporary income statement amounts to create closing
entries.
Prepare the “Post Closing Trial Balance” tab for the next
accounting period.
Adjusting entries Debit Credit Peyton Approved Trial Balance 2018 Unadjusted trial balance Debit Credit 32,236.75 18,500.00 175.65 1,500.00 2,400.00 6,000.00 17,400.00 400.00 250.00 550.00 600.00 7,700.00 10,000.00 150.00 5,000.00 480.00 16,000.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies...
Create financial statements by properly employing prescribed
methods in accordance with generally accepted accounting
principles:
A. Step Eight: Prepare the financial statements. Note that you must
use your adjusted trial balance to prepare the income statement,
statement of
owner’s equity, and balance sheet. You must complete these
statements in this order, as there are interdependencies among
them. [ACC-201-
03]
B. Step Nine: Complete the “Closing Entries” tab in your workbook
by closing all temporary income statement amounts to create closing...
please journalize the closing entires and post to general
ledger. thanks
CASH Acent 0 101 2018 Balance Post Ref Date Description Credit Credit Debit 20,000.00 Debit 20,000.00 11.500.00 June 8,500.00 13,000.00 1,500.00 5,000.00 3,500.00 1,000.00 2,500.00 2,000.00 1,000.00 Journal not posted to GL: -150 pts Account: ACCOUNT RECEIVABLE 2018 Balance Description Credit Credit Date June Debit 20,000.00 10 Debit 20.000.00 15,000.00 5,000.00 Account: SUPPLIES Accnt : 2018 Balance Description Date June Credit Credit Debit 2,000.00 2.000.00 Debit 2.000.00 4,000.00 20...
Most questions answered within 3 hours.
-
Why did so many investment banks have to start buying CDO’s and
other mortgaged backed securities...
asked 8 minutes ago -
The mean cost of domestic airfares in the United States rose to
an all-time high of...
asked 19 minutes ago -
1.Magazine Luiza is a Brazilian retail chain for consumer
electronics. The company currently has 100 stores...
asked 18 minutes ago -
What is the molarity of ZnCl2 that forms when 25.0 g of zinc
completely reacts with...
asked 20 minutes ago -
For independent X and Y, we have probability density function
for them where pdf of X...
asked 30 minutes ago -
The decomposition of SO2Cl2 is first order in SO2Cl2 and has a
rate constant of 1.42...
asked 26 minutes ago -
How do I convert from volume percent to mole percent in the
distillation lab? ethy acetate...
asked 33 minutes ago -
8. An air-plane has an effective wing surface area of 14.0 m²
that is generating the...
asked 34 minutes ago -
A railroad worker was a person who worked on setting and moving
railroad tracks. In securing...
asked 32 minutes ago -
using RECURSIVE Functions in Java, create a public static String
doubleLetters (String word)
For ex) that...
asked 39 minutes ago -
With a $16 Trillion national ebt, and projected annual budget
eficits in excess of $1 Trillion...
asked 54 minutes ago -
A machine shop owner wishes to assign each of three machinists
(labeled 1, 2, and 3)...
asked 1 hour ago