Homework Answers
| Trial Balance | ||
| Particulars | Debit | Credit |
| Cash | 6050 | |
| Prepaid Rent | 800 | |
| Accounts Receivable | 4300 | |
| Salaries Payable | 600 | |
| Accounts Payable | 1950 | |
| Common Stock | 6100 | |
| Retained Earnings | 1750 | |
| Service Revenue | 7000 | |
| Dividends | 400 | |
| Rent Expense | 1950 | |
| Advertising Expense | 1000 | |
| Salaries Expense | 2900 | |
| Total | 17400 | 17400 |
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Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have...
Saved Save & Exit Help Check Use the information given below: Cash Salaries Payable Prepaid Rent...
Saved Save & Exit Help Check Use the information given below: Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense $ 5,750 Dividends 600 Rent Expense 800 $400 1,650 3,700 5,500 6,400 1,000 Accounts Receivable 1,650 Common Stock 1,450 Service Revenue 2,300 Advertising Expense es Prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. ICE Saved Help Save & Trial Balance Accounts...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31,...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
T12-4 (book/static) 22. Using the following accounts and their balances, prepare the trial balance for Cooper...
T12-4 (book/static) 22. Using the following accounts and their balances, prepare the trial balance for Cooper Furniture Repair as of December 31, 2018. All accounts have normal balances (Click the icon to view Cooper Furniture Repair's accounts.) Cooper Furniture Repair Trial Balance December 31, 2018 Balance Debit Credit Data Table Account Title $ Cash Unearned Revenue Equipment Service Revenue Common Stock 7,000 4,500 10,000 8.000 12.200 Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends 1,200 B00 5,000 2.300 3,000...
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have...
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,100; Prepaid Rent, $6,600; Accounts Payable $3,500; Common Stock, $32,000; Service Revenue, $24,600; Salaries Expense, $7,400; Accounts Receivable, $5,300; Land, $52,000; Deferred Revenue, $1,900; Retained Earnings, $21,000; Supplies Expense, $8,600. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses....
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal...
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal balance. Pharoah Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $29,400 Accounts Receivable $34,600 Prepaid Insurance 3,500 Equipment 58,000 Accounts Payable 15,800 Unearned Service Revenue 11,000 Notes Payable 18,000 Common Stock 28,000 Retained Earnings 21,300 Dividends 1,700 Service Revenue 63,000 Salaries and Wages Expense 13,900 Utilities Expense 4,600 Rent Expense 11,400 $153,100 $161,100 Pharoah Company Trial Balance Pharoah Company...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
22. Using the following accounts and their balances, prepare the trial balance for Campo Furniture Repair...
22. Using the following accounts and their balances, prepare the trial balance for Campo Furniture Repair as of December 31, 2018. All accounts have normal balances. (Click the icon to view Campo Furniture Repair's accounts.) work z/Test Campo Furniture Repair Trial Balance December 31, 2018 Balance Debit Credit Account Title © Data Table ces pain $ $ 4,000 1,100 400 Cash Unearned Revenue Equipment Service Revenue Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends 10,280 23,000 8,500 17,000 5,300...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $19,250 $2,800 4,750 5,950 15,450 6,250 28,050 21,050 4,850 $62,150 $46,250 Prepare a correct trial balance, assuming all account balances are normal Prepare a correct trial balance, assuming all account balances are normal. Kingbird, Inc. Trlal balance Debit Credit Totals
Saved Save & Exit Help Check Use the information given below: Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense $ 5,750 Dividends 600 Rent Expense 800 $400 1,650 3,700 5,500 6,400 1,000 Accounts Receivable 1,650 Common Stock 1,450 Service Revenue 2,300 Advertising Expense es Prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. ICE Saved Help Save & Trial Balance Accounts...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
T12-4 (book/static) 22. Using the following accounts and their balances, prepare the trial balance for Cooper Furniture Repair as of December 31, 2018. All accounts have normal balances (Click the icon to view Cooper Furniture Repair's accounts.) Cooper Furniture Repair Trial Balance December 31, 2018 Balance Debit Credit Data Table Account Title $ Cash Unearned Revenue Equipment Service Revenue Common Stock 7,000 4,500 10,000 8.000 12.200 Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends 1,200 B00 5,000 2.300 3,000...
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,100; Prepaid Rent, $6,600; Accounts Payable $3,500; Common Stock, $32,000; Service Revenue, $24,600; Salaries Expense, $7,400; Accounts Receivable, $5,300; Land, $52,000; Deferred Revenue, $1,900; Retained Earnings, $21,000; Supplies Expense, $8,600. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses....
Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal balance. Pharoah Company Trial Balance For the Quarter Ended March 31, 2022 Debit Credit Cash $29,400 Accounts Receivable $34,600 Prepaid Insurance 3,500 Equipment 58,000 Accounts Payable 15,800 Unearned Service Revenue 11,000 Notes Payable 18,000 Common Stock 28,000 Retained Earnings 21,300 Dividends 1,700 Service Revenue 63,000 Salaries and Wages Expense 13,900 Utilities Expense 4,600 Rent Expense 11,400 $153,100 $161,100 Pharoah Company Trial Balance Pharoah Company...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
22. Using the following accounts and their balances, prepare the trial balance for Campo Furniture Repair as of December 31, 2018. All accounts have normal balances. (Click the icon to view Campo Furniture Repair's accounts.) work z/Test Campo Furniture Repair Trial Balance December 31, 2018 Balance Debit Credit Account Title © Data Table ces pain $ $ 4,000 1,100 400 Cash Unearned Revenue Equipment Service Revenue Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends 10,280 23,000 8,500 17,000 5,300...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $19,250 $2,800 4,750 5,950 15,450 6,250 28,050 21,050 4,850 $62,150 $46,250 Prepare a correct trial balance, assuming all account balances are normal Prepare a correct trial balance, assuming all account balances are normal. Kingbird, Inc. Trlal balance Debit Credit Totals
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