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with requirement two
Homework Answers
T account
| Retained earnings | |||
| Clo (2) | 43600 | Beginning balance | 13000 |
| Clo (3) | 13000 | Clo (1) | 95500 |
| Ending balance | 51900 | ||
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help
with requirement two
Requirement 2. AT-account for Retained Eaming has been set up for you....
Thanks for the help! The accounts of Meadowbrook Services, Inc., at January 31, 2018, are listed...
Thanks for the help!
The accounts of Meadowbrook Services, Inc., at January 31, 2018, are listed in alphabetical order. (Click the icon to view the accounts.) Read the requirements Requirement 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Meadowbrook's closing entries at January 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Data Table Record the closing entries for Meadowbrook at January 31, 2018. Begin by...
Data Table Accounts payable Accounts receivable Accumulated depreciation, S 12,800 Interest expense S 1,100 16,200 13,500...
Data Table Accounts payable Accounts receivable Accumulated depreciation, S 12,800 Interest expense S 1,100 16,200 13,500 5,300 16,100 Note payable, long term Other assets, long-term 7,300 Prepaid expenses equipment Advertising expense Cash Common stock Current portion of long-term 10,900 Retained earnings, 17,000 January 31, 2017 Salary expense Salary payable 13,400 26,600 3,500 94,000 3,000 4,300 3,700 3,300 note payable Depreciation expense-equipment Dividends declared Equipment 1,100 Service revenue 1,100 Supplies 14,000 42.400 Supplies expense Unearned service revenue Print Done Requirements uemaliu...
Journal Entry Accounts Debit Credit Data Table - X Date (1) Jan 31 i Requirements 12,500...
Journal Entry Accounts Debit Credit Data Table - X Date (1) Jan 31 i Requirements 12,500 17,100 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Valley Haven's closing entries at January 31, 2018. 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then calculate Valley Haven's net income for the year ended January 31, 2018. What is the ending balance of Retained Earnings?...
The accounts of Meadowbrook Services, Inc., January 31, 2018, are well in alcalder Con to view...
The accounts of Meadowbrook Services, Inc., January 31, 2018, are well in alcalder Con to view the Read the Requirement 1. Allians have been journalized and posted, but the closing entre not yet de jour Meadowbrook's longer alary 31, 2018 Recordsbits the credits. Ele explanations from any Jual ) Record the closing wis for direkt Jary 31, 2018. Begin by casing the reverse account Journal Entry Accounts Debit Credit 11 31 Requirements 1. All adjustments have been journalized and posted,...
Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the...
Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the journal entry as posting references"Clos.(1)", "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after...
hackle Locksmiths, Inc. Adjusted Trial Balance At December 31, 2018 Account Debit Credit Cash $1,720,400 Accounts...
hackle Locksmiths, Inc. Adjusted Trial Balance At December 31, 2018 Account Debit Credit Cash $1,720,400 Accounts Receivable 792,000 Supplies 210,000 Prepaid Insurance 200,000 Equipment 420,000 Accumulated Depreciation—Equipment $33,000 Accounts Payable 1,280,000 Unearned Service Revenue 39,200 Wages Payable 250,000 Interest Payable 85,000 Notes Payable 260,000 Common Stock 1,300,000 Retained Earnings 0 Dividends 10,000 Service Revenue 2,093,300 Wage Expense 1,120,000 Utilities Expense 88,900 Selling Expense 64,200 Administrative Expense 189,000 Repairs Expense 66,000 Interest Expense 55,000 Insurance Expense 135,000 Supplies Expense 210,000 Depreciation...
Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Grouper...
Selected year-end account balances from the adjusted trial
balance as of December 31, 2022, for Grouper Corp. is provided
below.
Debit
Credit
Accounts Receivable
$84,220
Dividends
30,510
Depreciation Expense
15,310
Equipment
246,850
Salaries and Wages Expense
105,680
Accounts Payable
$61,480
Accumulated Depreciation—Equipment
133,170
Unearned Rent Revenue
26,560
Service Revenue
213,210
Rent Revenue
7,190
Rent Expense
4,180
Retained Earnings
71,690
Supplies Expense
1,620
Prepare closing entries. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually....
Requirement 1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable;...
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
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....
SE3-9.stat eBook Print Quo 8 Natcomplete Marked out of 200 question Prepare Closing Entries to retained...
SE3-9.stat eBook Print Quo 8 Natcomplete Marked out of 200 question Prepare Closing Entries to retained Earnings The Decade Company's adjusted trial balance contains the following balances as of December 31: Retained Earrings $8.500; Dividends $2,000; Sales 522,000, Cost of Goods Sold 58.000Selling and Administrative Expenses $3.000, Interest Expense $1.500 Prepare the closing entries for The Decade Company. Close the temporary accounts straight to retained earnings. The balance of $8,500 in the retained earnings account is from the beginning of...
Thanks for the help!
The accounts of Meadowbrook Services, Inc., at January 31, 2018, are listed in alphabetical order. (Click the icon to view the accounts.) Read the requirements Requirement 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Meadowbrook's closing entries at January 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Data Table Record the closing entries for Meadowbrook at January 31, 2018. Begin by...
Data Table Accounts payable Accounts receivable Accumulated depreciation, S 12,800 Interest expense S 1,100 16,200 13,500 5,300 16,100 Note payable, long term Other assets, long-term 7,300 Prepaid expenses equipment Advertising expense Cash Common stock Current portion of long-term 10,900 Retained earnings, 17,000 January 31, 2017 Salary expense Salary payable 13,400 26,600 3,500 94,000 3,000 4,300 3,700 3,300 note payable Depreciation expense-equipment Dividends declared Equipment 1,100 Service revenue 1,100 Supplies 14,000 42.400 Supplies expense Unearned service revenue Print Done Requirements uemaliu...
Journal Entry Accounts Debit Credit Data Table - X Date (1) Jan 31 i Requirements 12,500 17,100 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Valley Haven's closing entries at January 31, 2018. 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then calculate Valley Haven's net income for the year ended January 31, 2018. What is the ending balance of Retained Earnings?...
The accounts of Meadowbrook Services, Inc., January 31, 2018, are well in alcalder Con to view the Read the Requirement 1. Allians have been journalized and posted, but the closing entre not yet de jour Meadowbrook's longer alary 31, 2018 Recordsbits the credits. Ele explanations from any Jual ) Record the closing wis for direkt Jary 31, 2018. Begin by casing the reverse account Journal Entry Accounts Debit Credit 11 31 Requirements 1. All adjustments have been journalized and posted,...
Selected year-end account balances from the adjusted trial
balance as of December 31, 2022, for Grouper Corp. is provided
below.
Debit
Credit
Accounts Receivable
$84,220
Dividends
30,510
Depreciation Expense
15,310
Equipment
246,850
Salaries and Wages Expense
105,680
Accounts Payable
$61,480
Accumulated Depreciation—Equipment
133,170
Unearned Rent Revenue
26,560
Service Revenue
213,210
Rent Revenue
7,190
Rent Expense
4,180
Retained Earnings
71,690
Supplies Expense
1,620
Prepare closing entries. (Credit account titles are
automatically indented when the amount is entered. Do not indent
manually....
Requirement 1. Record each transaction in the journal, using
the following account titles: Cash; Accounts Receivable; Office
Supplies; Prepaid Insurance; Land; Building; Furniture; Accounts
Payable; Utilities Payable; Notes Payable; Common Stock;
Dividends; Service Revenue; Salaries Expense; Rent Expense; and
Utilities Expense. Explanations are not required. (Record debits
first, then credits. Exclude explanations from journal
entries.)
Requirement 2. The following four-column accounts have been
opened: Cash, 101; Accounts Receivable, 111; Office Supplies,
121; Prepaid Insurance, 131; Land, 141; Building, 151;
Furniture,...
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....
SE3-9.stat eBook Print Quo 8 Natcomplete Marked out of 200 question Prepare Closing Entries to retained Earnings The Decade Company's adjusted trial balance contains the following balances as of December 31: Retained Earrings $8.500; Dividends $2,000; Sales 522,000, Cost of Goods Sold 58.000Selling and Administrative Expenses $3.000, Interest Expense $1.500 Prepare the closing entries for The Decade Company. Close the temporary accounts straight to retained earnings. The balance of $8,500 in the retained earnings account is from the beginning of...
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