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A completed worksheet for The King Group is given below. Account Name Cash hccounts receivable Supplies...
Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance....
Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance. LO 6-1, 6-2 A completed worksheet for The King Group is given below. Account Name Cash Accounts receivable Supplies Propaid advertising Equipment Accumulated depreciation Equipment hecounts payable Delva King, Capital Delva King, Drawing Tees Income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net income THE KING GROUP Worksheet Month Ended December 31, 20X1 Adjusted Trial Trial Balance Adjustments Balance Income...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
Ched 1 Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing...
Ched 1 Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance. LO 6-1, 6-2 20 points A completed worksheet for The King Group is given below. Skipped eBook Ask Credit References Nocount Name Cash Accounts receivable Supplies Prepaid advertising Equipment Accumulated depreciation Equipment Accounts payable Delva King, Capital Delva King, Drawing Tees income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net Income THE KING GROUP Worksheet Month Ended December...
A completed worksheet for The King Group is given below. The King Group Worksheet Month Ended...
A completed worksheet for The King Group is given below. The King Group Worksheet Month Ended December 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 93,300 93,300 93,300 Accounts Receivable 12,900 12,900 12,900 Supplies 7,800 ( a) 3,300 4,500 4,500 Prepaid Advertising 31,200 ( b) 3,900 27,300 27,300 Equipment 82,500 82,500 82,500 Accumulated Depreciation —Equipment ( c) 3,300 3,300 3,300 Accounts Payable 12,900...
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Cash Accounts Receivable Supplies.. Equipment Accumulated Depreciation...
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Cash Accounts Receivable Supplies.. Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue.. Common Stock Retained Earnings Dividends Service Revenue Supplies Expense Depreciation Expense Rent Expense Debit Credit $ 2.900 2,200 600 16,000 $ 4,000 3,800 4,400 4,700 5,000 2,000 10,000 1,800 2,500 3.900 $31.900 $31.900 Instructions a Using the information given above, prepare the necessary closing entries at December 31, 2020. b. What is the balance in Retained Earnings after...
Dorsey Company’s partial worksheet for the month ended March 31, 2019, is shown below. Open the...
Dorsey Company’s partial worksheet for the month ended March 31, 2019, is shown below. Open the owner’s capital account (account number 301) in the general ledger and record the March 1, 2019, balance of $40,500 shown on the worksheet. INCOME STATEMENT BALANCE SHEET ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 10,200 Accounts Receivable 14,400 Supplies 5,350 Equipment 38,500 Accum. Depr. - Equip. 13,400 Accounts Payable 11,200 N. Dorsey, Capital 40,500 N. Dorsey, Drawing 4,700 Fees Income 29,800 Salaries Expense 15,100...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
Account Debit Credit Cash $19,000 Accounts receivable 19,600 Supplies 3,000 Prepaid rent 2,100 Equipment 37,000 Accumulated...
Account
Debit
Credit
Cash
$19,000
Accounts
receivable
19,600
Supplies
3,000
Prepaid
rent
2,100
Equipment
37,000
Accumulated depreciation—equipment
$4,800
Accounts
payable
9,200
Interest
payable
1,050
Unearned
service revenue
1,000
Income
tax payable
2,400
Note
payable
18,000
Common
stock
15,000
Retained
earnings
5,000
Dividends
5,000
Service
revenue
99,050
Depreciation expense—equipment
1,900
Salary
expense
40,300
Rent
expense
11,000
Interest
expense
3,200
Insurance expense
3,800
Supplies
expense
2,100
Income
tax expense
7,500
Total
$155,500
$155,500
The adjusted trial balance for the year of Sneed...
Adjusted Trial Balance Account Titles Debit Credit Cash $3,740 Accounts Receivable 3,960 Supplies 440 Accounts Payable...
Adjusted Trial Balance Account Titles Debit Credit Cash $3,740 Accounts Receivable 3,960 Supplies 440 Accounts Payable $1,900 Unearned Service Revenue 140 Common Stock 4,100 Retained Earnings 1,070 Dividends 700 Service Revenue 4,250 Salaries and Wages Expense 1,300 Miscellaneous Expense 220 Supplies Expense 1,800 Salaries and Wages Payable 700 $12,160 $12,160 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30...
Cash 11,000 Accounts Receivable 7,300 Prepaid Rent 2,200 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700...
Cash 11,000 Accounts Receivable 7,300 Prepaid Rent 2,200 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700 Accounts Payable 4,500 Common Stock 22,790 Retained Earnings 7,030 Dividends 3,600 Service Revenue 15,200 Salaries and Wages Expense 11,000 Rent Expense 900 Depreciation Expense Interest Expense Interest Payable Totals 59,750 59,750 NO. Date ACCOUNE Trues and explanation WEDNE (1) Apr. 30 (To dose revenue account) (2) Apr. 30 (To dose expense accounts) (3) Apr. 30 (To dose net income / (loss)) (4) Apr. 30...
Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance. LO 6-1, 6-2 A completed worksheet for The King Group is given below. Account Name Cash Accounts receivable Supplies Propaid advertising Equipment Accumulated depreciation Equipment hecounts payable Delva King, Capital Delva King, Drawing Tees Income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net income THE KING GROUP Worksheet Month Ended December 31, 20X1 Adjusted Trial Trial Balance Adjustments Balance Income...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
Ched 1 Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance. LO 6-1, 6-2 20 points A completed worksheet for The King Group is given below. Skipped eBook Ask Credit References Nocount Name Cash Accounts receivable Supplies Prepaid advertising Equipment Accumulated depreciation Equipment Accounts payable Delva King, Capital Delva King, Drawing Tees income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net Income THE KING GROUP Worksheet Month Ended December...
RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Cash Accounts Receivable Supplies.. Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue.. Common Stock Retained Earnings Dividends Service Revenue Supplies Expense Depreciation Expense Rent Expense Debit Credit $ 2.900 2,200 600 16,000 $ 4,000 3,800 4,400 4,700 5,000 2,000 10,000 1,800 2,500 3.900 $31.900 $31.900 Instructions a Using the information given above, prepare the necessary closing entries at December 31, 2020. b. What is the balance in Retained Earnings after...
Aptos Architects, Inc. Trial Balance April 30, 2018 Account Debit Credit Cash $ 30,100 Accounts receivable 18,500 3,200 Prepaid insurance Supplies 1,100 85,000 $ 43,800 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 3,600 Unearned service revenue 3,100 Common stock 75,000 Retained earnings 10,600 Dividends 2,800 Service revenue 8,400 Salaries expense 3,800 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 144,500 $ 144,500 Total a. Insurance coverage still remaining at April 30, $600 b. Supplies used during the...
Account
Debit
Credit
Cash
$19,000
Accounts
receivable
19,600
Supplies
3,000
Prepaid
rent
2,100
Equipment
37,000
Accumulated depreciation—equipment
$4,800
Accounts
payable
9,200
Interest
payable
1,050
Unearned
service revenue
1,000
Income
tax payable
2,400
Note
payable
18,000
Common
stock
15,000
Retained
earnings
5,000
Dividends
5,000
Service
revenue
99,050
Depreciation expense—equipment
1,900
Salary
expense
40,300
Rent
expense
11,000
Interest
expense
3,200
Insurance expense
3,800
Supplies
expense
2,100
Income
tax expense
7,500
Total
$155,500
$155,500
The adjusted trial balance for the year of Sneed...
Cash 11,000 Accounts Receivable 7,300 Prepaid Rent 2,200 Equipment 23,000 Accumulated Depreciation-Equip. 4,500 Notes Payable 5,700 Accounts Payable 4,500 Common Stock 22,790 Retained Earnings 7,030 Dividends 3,600 Service Revenue 15,200 Salaries and Wages Expense 11,000 Rent Expense 900 Depreciation Expense Interest Expense Interest Payable Totals 59,750 59,750 NO. Date ACCOUNE Trues and explanation WEDNE (1) Apr. 30 (To dose revenue account) (2) Apr. 30 (To dose expense accounts) (3) Apr. 30 (To dose net income / (loss)) (4) Apr. 30...
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