Homework Answers
1 . General Journal
| Date | Account Title and Explanation | Debit | Credit |
| Dec.31 | Service Revenue | $227,910 | |
| Rent Revenue | $7,690 | ||
| Income Summary | $235,600 | ||
| (To Close Revenue Account) | |||
| Dec.31 | Income Summary | $135,530 | |
| Salaries & Wages Expense | $112,960 | ||
| Rent Expense | $4,460 | ||
| Supplies Expenses | $1,740 | ||
| Depreciation Expanse | $16,370 | ||
| (To Close Expenses Account) | |||
| Dec.31 | Income Summary ($235,600-$135,530) | $100,070 | |
| Retained Earnings | $100,070 | ||
| (To Close Net Income To Retained Earnings ) | |||
| Dec.31 | Retained Earnings | $32,610 | |
| Dividends | $32,610 | ||
| (To close Dividends to Retained Earnings ) |
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Question 3 of 5 > -12 E View Policies Current Attempt in Progress Selected year-end account...
View Policies Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as...
View Policies Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Flint Corporation is provided below. Debit Credit Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue $90,020 32,610 16,370 263,870 112,960 $65,720 142,350 28,400 227,910 7,690 Rent Revenue 4,460 Rent Expense Retained Earnings Supplies Expense 76,630 1,740 Date Account Titles and Explanation Debit Credit Dec. 31 (To close...
III View Policies Current Attempt in Progress The ledger account balances for Ringbird, Inc. at December...
III View Policies Current Attempt in Progress The ledger account balances for Ringbird, Inc. at December 31, 2022 are as follows Cash $480 672 98 200 4700 730 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 426 1310 1510 5000 2600 1660 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7906 $8250 0 $8334...
Question 6 of 7 0.5 / 1 ini View Policies Show Attempt History Current Attempt in...
Question 6 of 7 0.5 / 1 ini View Policies Show Attempt History Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Tippy Corporation is provided below. Credit Debit $72,600 26,300 13,200 212,800 91,100 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $53,000 114,800 22.900 183,800 6,200 3,600 61,800 1,400 (a)...
Current Attempt in Progress Boom Company shows the following balances in selected accounts of its adjusted...
Current Attempt in Progress Boom Company shows the following balances in selected accounts of its adjusted trial balance $26.880 5.040 Supplies Supplies Expense Accounts Receivable Dividends Retained Earnings 10,080 18.480 58.800 Service Revenue 90.720 Salaries and Wages Expense Utilities Expense 33.600 6.720 15.120 Rent Expense Prepare the remaining closing entries at December 31 no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered....
Question 6 of 7 < - / 1.5 E View Policies Current Attempt in Progress From...
Question 6 of 7 < - / 1.5 E View Policies Current Attempt in Progress From the ledger balances below, prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,700 5,830 16,730 1,940 13,160 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,760 2,600 3.260 1,400 BLOSSOM COMPANY Trial Balance Debit Credit
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Whispering...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Whispering Winds Corp. is provided below. Debit Credit Accounts Receivable Dividends $58,080 21,040 10,560 170,240 72,880 Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue $42,400 91,840 18,320 147,040 4,960 Rent Revenue 2,880 Rent Expense Retained Earnings Supplies Expense 49,440 1,120 Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 147,040 Rent Revenue 4,960 Income Summary...
View Policies Current Attempt in Progress The adjusted trial balance of Marigold Corp. at December 31,...
View Policies Current Attempt in Progress The adjusted trial balance of Marigold Corp. at December 31, 2022, includes the following accounts: Retained Earnings $17,0 Dividends $5,500, Service Revenue $36,300. Salaries and Wages Expense $14,700, Insurance Expense $1,830, Rent Expense $3,810, Supplies Expense $1,410, and Depreciation Expense $800. Prepare an income statement for the year. MARIGOLD CORP Income Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 Retained Earnings, January 1 Retained Earnings Dividends Service Revenue MARIGOLD CORP....
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver Corporation is provided below. Debit Credit Accounts Receivable $79,860 Dividends 28,930 Depreciation Expense 14,520 Equipment 234,080 Salaries and Wages Expense 100,210 Accounts Payable $58,300 Accumulated Depreciation-Equipment 126,280 Unearned Rent Revenue 25,190 Service Revenue 202,180 Rent Revenue 6,820 Rent Expense 3,960 Retained Earnings 67,980 Supplies Expense 1,540 (a) Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent...
b-4b5d-aa30-bd894bb066e5#/question/1 Question 2 of 10 < > - / 8 View Policies Current Attempt in Progress...
b-4b5d-aa30-bd894bb066e5#/question/1 Question 2 of 10 < > - / 8 View Policies Current Attempt in Progress Partial adjusted trial balance data for Sheffield Corp. at December 31, 2020 includes the following accounts: Retained Earnings $17.600, Dividends $5,400, Service Revenue $30,520, Salaries and Wages Expense $13,440, Insurance Expense $1,560, Rent Expense $3,780, Supplies Expense $1.340, and Depreciation Expense $980. The balance in Retained Earnings is the balance as of January 1. Prepare a statement retained earnings for the year. (List items...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Sarasota...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Sarasota Corp. is provided below. Credit Debit $69,700 25,250 12,670 204,290 87,460 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $50,880 110,210 21,980 176,450 5,950 3,460 59,330 1,340 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually....
View Policies Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Flint Corporation is provided below. Debit Credit Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation Equipment Unearned Rent Revenue Service Revenue $90,020 32,610 16,370 263,870 112,960 $65,720 142,350 28,400 227,910 7,690 Rent Revenue 4,460 Rent Expense Retained Earnings Supplies Expense 76,630 1,740 Date Account Titles and Explanation Debit Credit Dec. 31 (To close...
III View Policies Current Attempt in Progress The ledger account balances for Ringbird, Inc. at December 31, 2022 are as follows Cash $480 672 98 200 4700 730 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 426 1310 1510 5000 2600 1660 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? $7906 $8250 0 $8334...
Question 6 of 7 0.5 / 1 ini View Policies Show Attempt History Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Tippy Corporation is provided below. Credit Debit $72,600 26,300 13,200 212,800 91,100 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $53,000 114,800 22.900 183,800 6,200 3,600 61,800 1,400 (a)...
Current Attempt in Progress Boom Company shows the following balances in selected accounts of its adjusted trial balance $26.880 5.040 Supplies Supplies Expense Accounts Receivable Dividends Retained Earnings 10,080 18.480 58.800 Service Revenue 90.720 Salaries and Wages Expense Utilities Expense 33.600 6.720 15.120 Rent Expense Prepare the remaining closing entries at December 31 no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered....
Question 6 of 7 < - / 1.5 E View Policies Current Attempt in Progress From the ledger balances below, prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,700 5,830 16,730 1,940 13,160 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,760 2,600 3.260 1,400 BLOSSOM COMPANY Trial Balance Debit Credit
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Whispering Winds Corp. is provided below. Debit Credit Accounts Receivable Dividends $58,080 21,040 10,560 170,240 72,880 Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue $42,400 91,840 18,320 147,040 4,960 Rent Revenue 2,880 Rent Expense Retained Earnings Supplies Expense 49,440 1,120 Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 147,040 Rent Revenue 4,960 Income Summary...
View Policies Current Attempt in Progress The adjusted trial balance of Marigold Corp. at December 31, 2022, includes the following accounts: Retained Earnings $17,0 Dividends $5,500, Service Revenue $36,300. Salaries and Wages Expense $14,700, Insurance Expense $1,830, Rent Expense $3,810, Supplies Expense $1,410, and Depreciation Expense $800. Prepare an income statement for the year. MARIGOLD CORP Income Statement For the Year Ended December 31, 2022 Retained Earnings, January 1 Retained Earnings, January 1 Retained Earnings Dividends Service Revenue MARIGOLD CORP....
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Culver Corporation is provided below. Debit Credit Accounts Receivable $79,860 Dividends 28,930 Depreciation Expense 14,520 Equipment 234,080 Salaries and Wages Expense 100,210 Accounts Payable $58,300 Accumulated Depreciation-Equipment 126,280 Unearned Rent Revenue 25,190 Service Revenue 202,180 Rent Revenue 6,820 Rent Expense 3,960 Retained Earnings 67,980 Supplies Expense 1,540 (a) Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent...
b-4b5d-aa30-bd894bb066e5#/question/1 Question 2 of 10 < > - / 8 View Policies Current Attempt in Progress Partial adjusted trial balance data for Sheffield Corp. at December 31, 2020 includes the following accounts: Retained Earnings $17.600, Dividends $5,400, Service Revenue $30,520, Salaries and Wages Expense $13,440, Insurance Expense $1,560, Rent Expense $3,780, Supplies Expense $1.340, and Depreciation Expense $980. The balance in Retained Earnings is the balance as of January 1. Prepare a statement retained earnings for the year. (List items...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Sarasota Corp. is provided below. Credit Debit $69,700 25,250 12,670 204,290 87,460 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $50,880 110,210 21,980 176,450 5,950 3,460 59,330 1,340 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually....
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