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Exercise 4-12 A partial tabular summary for Concord Corporation on July 31, 2017, includes the accounts below before adjustments have been prepared. Assets = Liabilities + Stockholders' Equity Invest. Prepd. Acc. Depr.- Notes Rec. + Supplies + Rent + Bldgs. - Bldgs. Bal. 24,000 23,000 3,400 260,000 -130,000 Unearned Com Reatined Earnings = Serv. Rev. + Stock + Rev. - Exp. - Div 10,600 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable...
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for number 4, where did you get 140 from?
Assets Liabilities + Stockholders' Equity Unearn. Prepd. + Acc. Depr.-+ Acc. Depr.- Accts Sal/Wages Serv. Rev. Mortg. Com. Retained Earnings Cash + Supplies+ Insur.+ Land Bids idgs.Equip EqupPay.Int. PayPay. Pay Stock Rev..Exp-Di 03,300+33,600+ 59,733+9,000-4,300 0 Bal. 2,2332,600+1,800 +14,733 +67,600 0 16,800 0- 4,433+ 0 Your answer is partially correct. Try again. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (t...
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A partial tabular summary for Cheyenne Corp. on July 31, 2017, includes the accounts below before adjustments have been prepared. Assets = Liabilities + Stockholders' Equity Invest. Prepd. Acc. Depr.- Unearned Com. Reatined Earnings Notes Rec. + Supplies + Rent + Bldgs. - Bldgs. = Serv. Rev. + Stock + Rev. - Exp. - Div Bal. 18,000 21,500 5,600 280,000 -150,000 10,100 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest...
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The unadjusted trial balance for Grouper Corp. is shown below. Assets = Liabilities Accts. Rec. Int. Acc. Depr.- Equip. Prepd. Insur. Accts. Pay. Unearned Serv. Rev. Cash + Notes Pay. 6,000 + + Pay. + Supplies + 3,000 + + Equip. 6,000 Bal. 18,240 0 720 0 3,000 0 1,440 Assume the following adjustment data. 1. 2. 3. 4. Supplies on hand at October 31 total $600. Expired insurance for the month is $120. Depreciation for the month is $100....
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omework Assignment Question 4 of 5 - /1.5 E Assets Liabilities Accts. Rec Acc. Depr- • Equip- 0 + Prepd. Insur. 750 Cash 15,330 + + Supplies + 2.750 + Equip 4,760 Notes Pay. 4,760 Accts. Pay. 2.300 Int Unearned + Pay. Serv. Rev. 0 1.720 Bal. 0 Assume the following adjustment data. 1. 2. 3. 4 Supplies on hand at October 31 total $690. Expired insurance for the month is $125. Depreciation for the month is $60. As of...
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A partial tabular summary of transactions for Shamrock, Inc. on
March 31, 2017, includes the following accounts before
adjustments.
Assets
=
Liabilities
+
Stockholders’ Equity
Supplies
+
Prepaid Insurance
+
Equip.
-
Acc. Depr.-
Equip.
=
Unearned
Serv. Rev
+
Rev.
−
Exp.
2,610
2,480
22,500
-3,600
12,000
An analysis of the accounts shows the following.
1.
Insurance expires at the rate of $310 per month.
2.
Supplies on hand total $960.
3.
The equipment depreciates $150 per month.
4....
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- /1 E euestion 8 of 10 Liabilities Assets Prepd. Insur. Acc Depr. Equip. 0 + + Accts. Rec. 0 Cash Bal. 16,720 + Int. Pay. + 0 + Equip. 5,500 Notes Pay. 5,500 Accts. Pay. 2,750 Unearned Serv. Rev. 1.320 + Supplies + 2,750 660 Assume the following adjustment data. 1. 2 3. 4 5. 6. 7. Supplies on hand at October 31 total $550. Expired insurance for the month is $110. Depreciation for the month is $90. As...
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--/1.5 Question 1 View Policies Current Attempt in Progress A partial tabular summary of transactions for Teal Mountain Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr. Unearned Supplies + Prepaid Insurance + Equip. - Equip. - Serv. Rev Rev. - Exp. 2,690 2,320 34,500 -5,520 14,300 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $290 per month. 2. Supplies on hand total...
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Current Attempt in Progress A partial tabular summary of transactions for Skysong, Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr.- Unearned Supplies - Prepaid Insurance + Equip. - Equip. - Serv. Rev Rev. - Exp. 2,600 2,160 22.500 3,600 10,100 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $270 per month 2 Supplies on hand total $890. 3. The equipment depreciates $150...
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Question 4 --/1 View Policies Current Attempt in Progress Len Kumar started his own consulting firm, Concord Corporation, on June 1, 2017. The June transactions resulted in a tabular summary, with June 30 unadjusted balances shown here. Assets Liabilities + Stockholders' Equity Accts. Prepd. Acc. Depr- Accts. Unearn. Sal./Wages Com. Retained Earnings Cash + Rec. + Supplies + Insur. + Equip.- Equip. = Pay. + Serv. Rev. + Pay. + Stock + Rev. - Exp. - Div Bal. 6,850 +...
Exercise 4-12 A partial tabular summary for Concord Corporation on July 31, 2017, includes the accounts below before adjustments have been prepared. Assets = Liabilities + Stockholders' Equity Invest. Prepd. Acc. Depr.- Notes Rec. + Supplies + Rent + Bldgs. - Bldgs. Bal. 24,000 23,000 3,400 260,000 -130,000 Unearned Com Reatined Earnings = Serv. Rev. + Stock + Rev. - Exp. - Div 10,600 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable...
for number 4, where did you get 140 from?
Assets Liabilities + Stockholders' Equity Unearn. Prepd. + Acc. Depr.-+ Acc. Depr.- Accts Sal/Wages Serv. Rev. Mortg. Com. Retained Earnings Cash + Supplies+ Insur.+ Land Bids idgs.Equip EqupPay.Int. PayPay. Pay Stock Rev..Exp-Di 03,300+33,600+ 59,733+9,000-4,300 0 Bal. 2,2332,600+1,800 +14,733 +67,600 0 16,800 0- 4,433+ 0 Your answer is partially correct. Try again. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (t...
A partial tabular summary for Cheyenne Corp. on July 31, 2017, includes the accounts below before adjustments have been prepared. Assets = Liabilities + Stockholders' Equity Invest. Prepd. Acc. Depr.- Unearned Com. Reatined Earnings Notes Rec. + Supplies + Rent + Bldgs. - Bldgs. = Serv. Rev. + Stock + Rev. - Exp. - Div Bal. 18,000 21,500 5,600 280,000 -150,000 10,100 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest...
The unadjusted trial balance for Grouper Corp. is shown below. Assets = Liabilities Accts. Rec. Int. Acc. Depr.- Equip. Prepd. Insur. Accts. Pay. Unearned Serv. Rev. Cash + Notes Pay. 6,000 + + Pay. + Supplies + 3,000 + + Equip. 6,000 Bal. 18,240 0 720 0 3,000 0 1,440 Assume the following adjustment data. 1. 2. 3. 4. Supplies on hand at October 31 total $600. Expired insurance for the month is $120. Depreciation for the month is $100....
omework Assignment Question 4 of 5 - /1.5 E Assets Liabilities Accts. Rec Acc. Depr- • Equip- 0 + Prepd. Insur. 750 Cash 15,330 + + Supplies + 2.750 + Equip 4,760 Notes Pay. 4,760 Accts. Pay. 2.300 Int Unearned + Pay. Serv. Rev. 0 1.720 Bal. 0 Assume the following adjustment data. 1. 2. 3. 4 Supplies on hand at October 31 total $690. Expired insurance for the month is $125. Depreciation for the month is $60. As of...
- /1 E euestion 8 of 10 Liabilities Assets Prepd. Insur. Acc Depr. Equip. 0 + + Accts. Rec. 0 Cash Bal. 16,720 + Int. Pay. + 0 + Equip. 5,500 Notes Pay. 5,500 Accts. Pay. 2,750 Unearned Serv. Rev. 1.320 + Supplies + 2,750 660 Assume the following adjustment data. 1. 2 3. 4 5. 6. 7. Supplies on hand at October 31 total $550. Expired insurance for the month is $110. Depreciation for the month is $90. As...
--/1.5 Question 1 View Policies Current Attempt in Progress A partial tabular summary of transactions for Teal Mountain Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr. Unearned Supplies + Prepaid Insurance + Equip. - Equip. - Serv. Rev Rev. - Exp. 2,690 2,320 34,500 -5,520 14,300 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $290 per month. 2. Supplies on hand total...
Current Attempt in Progress A partial tabular summary of transactions for Skysong, Inc. on March 31, 2017, includes the following accounts before adjustments. Assets = Liabilities + Stockholders' Equity Acc. Depr.- Unearned Supplies - Prepaid Insurance + Equip. - Equip. - Serv. Rev Rev. - Exp. 2,600 2,160 22.500 3,600 10,100 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $270 per month 2 Supplies on hand total $890. 3. The equipment depreciates $150...
Question 4 --/1 View Policies Current Attempt in Progress Len Kumar started his own consulting firm, Concord Corporation, on June 1, 2017. The June transactions resulted in a tabular summary, with June 30 unadjusted balances shown here. Assets Liabilities + Stockholders' Equity Accts. Prepd. Acc. Depr- Accts. Unearn. Sal./Wages Com. Retained Earnings Cash + Rec. + Supplies + Insur. + Equip.- Equip. = Pay. + Serv. Rev. + Pay. + Stock + Rev. - Exp. - Div Bal. 6,850 +...