Homework Answers
| Answer: |
|
Balance of the Accounts payable
account = $ 10,200 + $ 4,500 (-) $ 8,800 = $ 5,900 |
| Ending Balance of the Accounts payable account = $ 5,900 |
| Note : |
| Accounts payable has a Credit Balance. |
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Consider the following T-account for Accounts payable. Accounts Payable 10,200 8,800 4,500 Compute the balance of...
Post each transaction to T-accounts and compute the end balance of each account. Consider the recorded...
Post each transaction to T-accounts and compute the end balance
of each account.
Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies Accounts Payable 1,900 9,400 3. Cash Accounts Receivable 9,400 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,900 2,900 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies Accounts Payable 1,600 1,600 3. Cash Accounts Receivable 8,800 8,800 1,100 4. Advertising Expense Cash 5. Accounts Payable Cash 1,100 2,300 2,300 6. Cash Deferred Revenue 1,200 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue,...
Given the following T- Account information, what is the balance in accounts payable? Accounts Payable 222...
Given the following T- Account information, what is the balance in accounts payable? Accounts Payable 222 425 920 1/20 230 1/6 1/5 O A. $920 credit balance O B. $265 credit balance O C. $655 debit balance OD. $265 debit balance
In reviewing the T-account for Accounts Payable, you find that the beginning balance is zero, the...
In reviewing the T-account for Accounts Payable, you find that the beginning balance is zero, the total increases are $7,200 and the total decreases are $4,000. This means that the ending balance of the account is a credit balance of $3.200. True O False
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
Account balances Consider the changes in the accounts payable, accounts receivable, and cash accounts. Use T...
Account balances Consider the changes in the accounts payable, accounts receivable, and cash accounts. Use T accounts to find the missing values. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. х THUH Open spreadsheet a. During February, $186,500 was paid to creditors on account, and purchases on account were $202,300. Assuming the February 28 balance of Accounts Payable was $59,100, determine the...
Determine the ending balance of each of the following T-accounts. Cash Accounts Payable 2,700 170 120...
Determine the ending balance of each of the following T-accounts. Cash Accounts Payable 2,700 170 120 Beg.Bal. Beg.Bal . 10.100 370 130 3,900 90 End.Bal. End.Bal. + Supplies 10.700 Beg.Bal. Accounts Receivable 950 4,500 Beg.Bal. 220 1.800 220 220 End.Bal. 170 End. Bal Wages Payable Beg.Bal. 770 Beg.Bal. Cash 13.100 770 870 5.200 6.700 2.000 End.Ba 170 End. Bal.
Determine the ending balance of each of the following T-accounts. Cash 10,100 Accounts Payable 2,700 3,900...
Determine the ending balance of each of the following T-accounts. Cash 10,100 Accounts Payable 2,700 3,900 Beg.Bal. 170 120 Beg.Bal. 130 370 90 End.Bal. End.Bal. Accounts Receivable 950 220 4,500 Supplies 10.700 1.800 Beg.Bal. Beg.Bal. 220 220 170 End.Bal. End.Bal. Cash Wages Payable 5,200 770 Beg.Bal. Beg. Bal. 13.100 870 770 6.700 2.000 170 End.Bal. End. Bal.
Post each transaction to T-accounts and compute the end balance of each account. Required information [The...
Post each transaction to T-accounts and compute the end balance
of each account.
Required information [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September 2. September 3. September 12 Purchase office supplies on account for $1,600. 4. September 15 Pay employee salaries of $2,300 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent...
The Accounts Payable account of Waterford, Inc. has the following postings: Accounts Payable 16,000 25,000 6,000...
The Accounts Payable account of Waterford, Inc. has the following postings: Accounts Payable 16,000 25,000 6,000 11,000 Calculate the ending balance of the account. O A. $14,000 credit O B. $6,000 debit O C. $11,000 credit OD. $14.000 debit
Post each transaction to T-accounts and compute the end balance
of each account.
Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies Accounts Payable 1,900 9,400 3. Cash Accounts Receivable 9,400 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,900 2,900 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies Accounts Payable 1,600 1,600 3. Cash Accounts Receivable 8,800 8,800 1,100 4. Advertising Expense Cash 5. Accounts Payable Cash 1,100 2,300 2,300 6. Cash Deferred Revenue 1,200 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue,...
Given the following T- Account information, what is the balance in accounts payable? Accounts Payable 222 425 920 1/20 230 1/6 1/5 O A. $920 credit balance O B. $265 credit balance O C. $655 debit balance OD. $265 debit balance
In reviewing the T-account for Accounts Payable, you find that the beginning balance is zero, the total increases are $7,200 and the total decreases are $4,000. This means that the ending balance of the account is a credit balance of $3.200. True O False
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
Account balances Consider the changes in the accounts payable, accounts receivable, and cash accounts. Use T accounts to find the missing values. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. х THUH Open spreadsheet a. During February, $186,500 was paid to creditors on account, and purchases on account were $202,300. Assuming the February 28 balance of Accounts Payable was $59,100, determine the...
Determine the ending balance of each of the following T-accounts. Cash Accounts Payable 2,700 170 120 Beg.Bal. Beg.Bal . 10.100 370 130 3,900 90 End.Bal. End.Bal. + Supplies 10.700 Beg.Bal. Accounts Receivable 950 4,500 Beg.Bal. 220 1.800 220 220 End.Bal. 170 End. Bal Wages Payable Beg.Bal. 770 Beg.Bal. Cash 13.100 770 870 5.200 6.700 2.000 End.Ba 170 End. Bal.
Determine the ending balance of each of the following T-accounts. Cash 10,100 Accounts Payable 2,700 3,900 Beg.Bal. 170 120 Beg.Bal. 130 370 90 End.Bal. End.Bal. Accounts Receivable 950 220 4,500 Supplies 10.700 1.800 Beg.Bal. Beg.Bal. 220 220 170 End.Bal. End.Bal. Cash Wages Payable 5,200 770 Beg.Bal. Beg. Bal. 13.100 870 770 6.700 2.000 170 End.Bal. End. Bal.
Post each transaction to T-accounts and compute the end balance
of each account.
Required information [The following information applies to the questions displayed below.] Boilermaker House Painting Company incurs the following transactions for September. 1. September 2. September 3. September 12 Purchase office supplies on account for $1,600. 4. September 15 Pay employee salaries of $2,300 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash. 6. September 22 Pay office rent...
The Accounts Payable account of Waterford, Inc. has the following postings: Accounts Payable 16,000 25,000 6,000 11,000 Calculate the ending balance of the account. O A. $14,000 credit O B. $6,000 debit O C. $11,000 credit OD. $14.000 debit
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