Homework Answers
Adjusting Journal Entry for Service Performed but Not Billed:
Accounts Receivable A/c Dr $154
To Service Revenue A/c $154
Correct Option: Credit to Service Revenue for $154
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The trial balance for Blue Spruce Corp. appears as follows: Blue Spruce Corp. Trial Balance December...
The trial balance for Blue Spruce Corp. is shown below. Credit Blue Spruce Corp. Trial Balance...
The trial balance for Blue Spruce Corp. is shown below. Credit Blue Spruce Corp. Trial Balance October 31, 2020 Debit Cash $16,000 Supplies 2.100 Prepaid Insurance 800 Equipment 4,600 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 300 $4,900 2,000 1,800 10,100 -0- 10,600 Service Revenue Salaries and Wages Expense Rent Expense 4,800 800 $29,400 $29,400 Assume the following adjustment data. 1. 2. 3. 4. Supplies on hand at October 31 total $600. Expired insurance for...
The trial balance for Blue Spruce Corp. on August 31 is as follows: Blue Spruce Corp....
The trial balance for Blue Spruce Corp. on August 31 is as follows: Blue Spruce Corp. Trial Balance August 31, 2020 Debit Credit $5.300 3,200 1.950 20.100 150.000 $21,600 14.000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 3.780 4,700 4,750 76,000 80,400 4,300 4,550 72,000 41.570 11.200...
The adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
The adjusted trial balance
columns of the worksheet for Blue Spruce Company are as follows.
Blue Spruce Company Worksheet (Partial) For the Month Ended April
30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400
Accounts Receivable 7,900 Prepaid Rent 2,100 Equipment 23,300
Accumulated Depreciation—Equip. 4,500 Notes Payable 5,500 Accounts
Payable 4,800 Common Stock 22,290 Retained Earnings 7,810 Dividends
3,500 Service Revenue 15,800 Salaries and Wages Expense 10,900 Rent
Expense 900 Depreciation Expense 700 Interest Expense 60 Interest
Payable...
he adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following accounts at November 30, the end Blue Spruce Corp. Trial Balance November 30, 2020 Credit Cash Debit $ 8,500 28,600 42,500 6,100 131,000 $ 27,000 50,500 39,400 50,000 40,000 10,500 Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense...
Blue Spruce Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance...
Blue Spruce Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Blue Spruce Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $9,700 112 Accounts Receivable 9,500 157 Equipment 15,500 158 Accumulated Depreciation-Equip. $7,300 201 Accounts Payable 5,000 208 Unearned Rent Revenue 1,600 311 Common Stock 16,000 320 Retained Earnings 29,000 332 Dividends 16,000 400 Service Revenue 64,500 429...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following accounts at November 30, the end of the company's fiscal year. Blue Spruce Corp. Trial Balance November 30, 2020 Credit Debit $ 8,500 28,500 42,500 6,100 131,000 $ 27,000 50,500 39,400 50,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages...
Blue Spruce Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cr....
Blue Spruce Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cr. Cash 4,400 Accounts Receivable 3,200 1,670 Supplies Equipment 11,440 Accumulated Depreciation --Equipment 1,300.0 Accounts Payable 2,540 Unearned Service Revenue Common Stock 630 10,405 1,665 Retained Earnings Dividends 1,070 Service Revenue 6.700 Salaries and Wages Expense 1.130 Miscellaneous Expense 330 23.240 23.240. Other data: 1. A physical count reveals only $600 of roofing supplies on hand. 2. Depreciation for March is $260. 3. Unearned service...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following accounts at November 30, the end of the company's fiscal year. Blue Spruce Corp. Trial Balance November 30, 2020 Credit Debit $ 8,500 28,500 42,500 6,100 131,000 $ 27,000 50,500 39,400 50,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages...
The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December...
The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December 31, 2020 Cash $ 300 Accounts Receivable 522 Prepaid Insurance 82 Supplies 180 Equipment 4,000 Accumulated Depreciation - Equipment $ 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 $6,584 $6,584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would...
The trial balance for Blue Spruce Corp. is shown below. Credit Blue Spruce Corp. Trial Balance October 31, 2020 Debit Cash $16,000 Supplies 2.100 Prepaid Insurance 800 Equipment 4,600 Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 300 $4,900 2,000 1,800 10,100 -0- 10,600 Service Revenue Salaries and Wages Expense Rent Expense 4,800 800 $29,400 $29,400 Assume the following adjustment data. 1. 2. 3. 4. Supplies on hand at October 31 total $600. Expired insurance for...
The trial balance for Blue Spruce Corp. on August 31 is as follows: Blue Spruce Corp. Trial Balance August 31, 2020 Debit Credit $5.300 3,200 1.950 20.100 150.000 $21,600 14.000 Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Unearned rent revenue Notes payable Common shares Retained earnings Dividends Rent revenue Salaries and wages expense Insurance expense Interest expense Utilities expense Repairs and maintenance expense 3.780 4,700 4,750 76,000 80,400 4,300 4,550 72,000 41.570 11.200...
The adjusted trial balance
columns of the worksheet for Blue Spruce Company are as follows.
Blue Spruce Company Worksheet (Partial) For the Month Ended April
30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400
Accounts Receivable 7,900 Prepaid Rent 2,100 Equipment 23,300
Accumulated Depreciation—Equip. 4,500 Notes Payable 5,500 Accounts
Payable 4,800 Common Stock 22,290 Retained Earnings 7,810 Dividends
3,500 Service Revenue 15,800 Salaries and Wages Expense 10,900 Rent
Expense 900 Depreciation Expense 700 Interest Expense 60 Interest
Payable...
he adjusted trial balance columns of the worksheet for Blue
Spruce Company are as follows.
Blue Spruce Company
Worksheet (Partial)
For the Month Ended April 30, 2019
Adjusted Trial Balance
Account Titles
Dr.
Cr.
Cash
11,400
Accounts Receivable
7,900
Prepaid Rent
2,100
Equipment
23,300
Accumulated
Depreciation—Equip.
4,500
Notes Payable
5,500
Accounts Payable
4,800
Common Stock
22,290
Retained Earnings
7,810
Dividends
3,500
Service Revenue
15,800
Salaries and Wages
Expense
10,900
Rent Expense
900
Depreciation Expense
700
Interest Expense
60
Interest Payable...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following accounts at November 30, the end Blue Spruce Corp. Trial Balance November 30, 2020 Credit Cash Debit $ 8,500 28,600 42,500 6,100 131,000 $ 27,000 50,500 39,400 50,000 40,000 10,500 Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense...
Blue Spruce Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Blue Spruce Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $9,700 112 Accounts Receivable 9,500 157 Equipment 15,500 158 Accumulated Depreciation-Equip. $7,300 201 Accounts Payable 5,000 208 Unearned Rent Revenue 1,600 311 Common Stock 16,000 320 Retained Earnings 29,000 332 Dividends 16,000 400 Service Revenue 64,500 429...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following accounts at November 30, the end of the company's fiscal year. Blue Spruce Corp. Trial Balance November 30, 2020 Credit Debit $ 8,500 28,500 42,500 6,100 131,000 $ 27,000 50,500 39,400 50,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages...
Blue Spruce Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cr. Cash 4,400 Accounts Receivable 3,200 1,670 Supplies Equipment 11,440 Accumulated Depreciation --Equipment 1,300.0 Accounts Payable 2,540 Unearned Service Revenue Common Stock 630 10,405 1,665 Retained Earnings Dividends 1,070 Service Revenue 6.700 Salaries and Wages Expense 1.130 Miscellaneous Expense 330 23.240 23.240. Other data: 1. A physical count reveals only $600 of roofing supplies on hand. 2. Depreciation for March is $260. 3. Unearned service...
Problem 5-05A a, b1-b3, c-e (Video) The trial balance of Blue Spruce Corp. contained the following accounts at November 30, the end of the company's fiscal year. Blue Spruce Corp. Trial Balance November 30, 2020 Credit Debit $ 8,500 28,500 42,500 6,100 131,000 $ 27,000 50,500 39,400 50,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages...
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