Homework Answers
|
Bright Capital |
|||
|
Dec. 31 |
20500 |
29600 |
Adj. bal. |
|
5700 |
Dec. 31 |
||
|
14800 |
Bal. |
|
Income summary |
|||
|
Dec. 31 |
7600 |
16900 |
Dec. 31 |
|
9300 |
Bal. |
||
|
Dec. 31 |
9300 |
||
|
0 |
Bal. |
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Account receivable |
|||
|
Dec. 31 |
10200 |
||
|
Bal. |
10200 |
|
Service revenue |
|||
|
Dec. 31 |
17300 |
17300 |
Adj. bal. |
|
0 |
Bal. |
|
withdrawals |
|||
|
Adj. bal. |
7100 |
7100 |
Dec. 31 |
|
Bal. |
0 |
|
Accounts payable |
|||
|
4500 |
Dec. 31 |
||
|
4500 |
Bal. |
Add Answer to:
Verify all ending balances for each specific account after closing entries are journalized and posted. Be...
Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of...
Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 service revenue Balance Debit Credit Account Title Todore Revenue 17,800 Accounts Receivable 9,800 Accounts and Explanation Debit Credit Office Supplies 200 Prepaid Rent 11.000 Furniture 20,700 Accumulated Depreciation Furniture 7.100 Accounts Payable 2.300 Salaries Payable 500 Interest Payable 300 Urearned Revenue 5.900 03/31/20 Chapter 5 Warm Up tungraded...
Print 5. All Mopped Up Company has journalized the adjusting entries for the period ending December...
Print 5. All Mopped Up Company has journalized the adjusting entries for the period ending December 31, 2018, and posted the adjustments to the following T accounts "(Click the icon to view the T-accounts.) Using this data, prepare an adjusted trial balance. All Mopped Up Company Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Uneamed Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies...
The adjusted balance ("Adj. Bal.") of each account has been entered for you. Post the closing...
The adjusted balance ("Adj. Bal.") of each account has been
entered for you. Post the closing entries to the T-accounts and
calculate each account's post-closing balance. Use Dec. 31 as a
posting reference for your closing entries, and "Bal." references
to denote post-closing balances. Include a post-closing balance
for each T-account (including those that were not closed). For
any accounts with a zero balance after closing, enter a "0" on
the normal side of the account. For Income Summary, calculate...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access to all activities and can proceed to prove your mastery. You can attempt this as many times as you want. Your work will be saved as you work through each part. Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Date Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016...
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account.
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account.
QUESTION 20 After the closing entries have been posted, which of the following accounts would still...
QUESTION 20 After the closing entries have been posted, which of the following accounts would still have a balance? a. Salaries Expense b. Miscellaneous Revemes Oc Supplies Expense d. Accumulated Depreciation Equipment QUESTION 21 After the closing entries are journalized and posted, which of the following accounts would NOT have a balance? a. Service Revenue b. Cash c. Accounts Payable d. Office Supplies QUESTION 22 After the accounts are closed and the journal entries have been posted, which of the...
PART 10: Post and Close All Accounts Post the closing entries to the general ledger in...
PART 10: Post and Close All Accounts Post the closing entries to the general ledger in RED order and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Date Accounts Debit Credit Dec. 31 Service Revenue 22,700 Retained Earnings 22,700 Date Accounts Debit Credit Dec. 31 Retained Earnings 8,385 Salaries Expense 5,500 Depreciation Expense - Furniture 300 Insurance Expense 375 Utilities Expense 240 Rent Expense 1,900 Supplies Expense...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 service revenue Balance Debit Credit Account Title Todore Revenue 17,800 Accounts Receivable 9,800 Accounts and Explanation Debit Credit Office Supplies 200 Prepaid Rent 11.000 Furniture 20,700 Accumulated Depreciation Furniture 7.100 Accounts Payable 2.300 Salaries Payable 500 Interest Payable 300 Urearned Revenue 5.900 03/31/20 Chapter 5 Warm Up tungraded...
Print 5. All Mopped Up Company has journalized the adjusting entries for the period ending December 31, 2018, and posted the adjustments to the following T accounts "(Click the icon to view the T-accounts.) Using this data, prepare an adjusted trial balance. All Mopped Up Company Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash Office Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Uneamed Revenue Common Stock Dividends Service Revenue Salaries Expense Supplies...
The adjusted balance ("Adj. Bal.") of each account has been
entered for you. Post the closing entries to the T-accounts and
calculate each account's post-closing balance. Use Dec. 31 as a
posting reference for your closing entries, and "Bal." references
to denote post-closing balances. Include a post-closing balance
for each T-account (including those that were not closed). For
any accounts with a zero balance after closing, enter a "0" on
the normal side of the account. For Income Summary, calculate...
Check your knowledge! If you complete all parts with a 95% score, you will unlock access to all activities and can proceed to prove your mastery. You can attempt this as many times as you want. Your work will be saved as you work through each part. Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. Date Accounts and Explanation Debit Credit SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016...
T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account.
QUESTION 20 After the closing entries have been posted, which of the following accounts would still have a balance? a. Salaries Expense b. Miscellaneous Revemes Oc Supplies Expense d. Accumulated Depreciation Equipment QUESTION 21 After the closing entries are journalized and posted, which of the following accounts would NOT have a balance? a. Service Revenue b. Cash c. Accounts Payable d. Office Supplies QUESTION 22 After the accounts are closed and the journal entries have been posted, which of the...
PART 10: Post and Close All Accounts Post the closing entries to the general ledger in RED order and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Date Accounts Debit Credit Dec. 31 Service Revenue 22,700 Retained Earnings 22,700 Date Accounts Debit Credit Dec. 31 Retained Earnings 8,385 Salaries Expense 5,500 Depreciation Expense - Furniture 300 Insurance Expense 375 Utilities Expense 240 Rent Expense 1,900 Supplies Expense...
Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Cash Accounts Payable Dec. 1 26,800 24,900 Dec. 2 Dec. 1 21,300 57,000 Dec. 2 Dec. 2 5,300 11,400 Dec. 3 Dec. 2 3,400 24,900 Dec. 3 Dec. 5 21,200 6,000 Dec. 4 Dec. 5 16,300 15,200 Dec. 4 Dec. 6 10,600 1,200 Dec. 6 Dec. 6 8,100 2,700 Dec. 6 Dec. 7 24,800 16,900 Dec. 10 Dec. 7 19,000 38,800 Dec. 10 Common Stock Dividends 41,800 Dec. 2 Dec. 1...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
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