Homework Answers
Debit side of trial balance includes following accounts
= Cash + account receivable + prepaid insurance + supplies + equipment +salaries and wages epense + rent expense
= 310 + 524 + 84 + 190 + 4100 + 1100 + 510
= 6818
Correct choice C
Add Answer to:
Multiple Choice Question 221 The ledger account balances for Nash's Trading Post, LLC at December 31,...
Nash's Trading Post, LLC reports the following ledger account balances at June 30, 2022: Cash $1762...
Nash's Trading Post, LLC reports the following ledger account balances at June 30, 2022: Cash $1762 Accounts receivable 2798 Inventory 3724 Prepaid rent 96 Equipment 300 Accumulated depreciation-equipment 62 Accounts payable 892 Unearned rent revenue 132 Common stock 216 Retained earnings 6710 Service revenue 378 Interest revenue 66 Salaries and wages expense 170 Insurance expense 88 Assuming that all of the accounts have normal balances, what are total credits on the company’s trial balance at June 30, 2022? $8394
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $...
The ledger account balances for Company B at December 31, 2025 are as follows: Cash $ 300 Accounts Receivable 522 Prepaid Insurance 74 Supplies 160 Equipment 4,000 Accumulated Depreciation, Equipment 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 If all accounts have normal balances, what would be total debits on the trial balance at December 31, 2022? Group of answer choices
CALCULATOR Multiple Choice Question 222 Skysong, Inc. reports the following ledger account balances at June 30,...
CALCULATOR Multiple Choice Question 222 Skysong, Inc. reports the following ledger account balances at June 30, 2022: Cash $1912 Accounts receivable 2908 Inventory 3874 Prepaid rent 104 Equipment 340 Accumulated depreciation equipment 62 Accounts payable 952 Unearned rent revenue 152 Common stock 220 Retained earnings 6800 Service revenue 390 Interest revenue 86 Salaries and wages expense 190 Insurance expense 94 Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June...
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...
Instructions On December 31, 2045, the balances of the accounts appearing in the ledger of Wyman...
Instructions On December 31, 2045, the balances of the accounts appearing in the ledger of Wyman Company are as follows: Cash Accounts receivable Inventory, January 1, 2045 Estimated returns inventory, January 1, 2045 Office supplies Prepaid insurance Land Store equipment Accumulated depreciation-store equipment Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Customer refunds payable Unearned rent Notes payable Common stock Retained earnings Dividends Sales $13,500 72,000 257,000 35,000 3,000 4,500 150,000 270,000 55.900 78,500 16,000 77,800 3,000 50.000 8,300...
On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable $...
On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable $ 13,600 Fees Income $ 182,000 Accounts Receivable 6,000 Supplies 4,400 Accumulated Depreciation 8,400 Prepaid Rent 62,000 Cash 84,000 Rent Expense 9,200 Depreciation Expense 8,400 Supplies Expense 8,400 Equipment 72,000 Teresa Davis, Capital 120,000 Teresa Davis, Drawing 54,000 Utilities Expense 15,600 All the accounts have normal balances. Prepare the closing entries for Davis Company On December 31. *Fee income to income summary, expenses to income...
JYF Company's accounting records at December 31, 2022 reported the following account balances: Cash $25,000 Retained...
JYF Company's accounting records at December 31, 2022 reported
the following account balances:
Cash $25,000
Retained Earnings $53,000 (at January 1, 2022)
Prepaid Insurance $18,000
Advertising Expense $22,000
Cost of Goods Sold $29,000
Interest Revenue $31,000
Copyright $28,000
Supplies $12,000
Accounts Receivable $51,000
Common Stock $91,000
Accounts Payable $50,000
Patent $21,000
Notes Payable $86,000 (due March 1, 2023)
Income Tax Expense $21,000
Inventory $59,000
Building $34,000
Salaries Expense $14,000
Sales Revenue $79,000
Dividends $11,000
Equipment $45,000
Calculate JYF Company's total...
JYF Company's accounting records at December 31, 2022 reported the following account balances: Cash $25,000 Retained...
JYF Company's accounting records at December 31, 2022 reported
the following account balances:
Cash $25,000
Retained Earnings $53,000 (at January 1, 2022)
Prepaid Insurance $18,000
Advertising Expense $22,000
Cost of Goods Sold $29,000
Interest Revenue $31,000
Copyright $28,000
Supplies $12,000
Accounts Receivable $51,000
Common Stock $91,000
Accounts Payable $50,000
Patent $21,000
Notes Payable $86,000 (due March 1, 2023)
Income Tax Expense $21,000
Inventory $59,000
Building $34,000
Salaries Expense $14,000
Sales Revenue $79,000
Dividends $11,000
Equipment $45,000
Calculate JYF Company's total...
Alert Medical, LLC, consists of two doctors, Abrams and Lipscomb, who share in all income and...
Alert Medical, LLC, consists of two doctors, Abrams and Lipscomb, who share in all income and losses according to a 2:3 income-sharing ratio. Dr. Lin has been asked to join the LLC. Prior to admitting Lin, the assets of Alert Medical were revalued to reflect their current market values. The revaluation resulted in medical equipment being increased by $43,000. Prior to the revaluation, the equity balances for Abrams and Lipscomb were $153,000 and $216,600, respectively. Required: A. On December 31,...
JYF Company's accounting records at December 31, 2022 reported the following account balances: Cash $25,000 Retained...
JYF Company's accounting records at December 31, 2022 reported the following account balances: Cash $25,000 Retained Earnings $53,000 (at January 1, 2022) Prepaid Insurance $18,000 Advertising Expense $22,000 Cost of Goods Sold $29,000 Interest Revenue $31,000 Copyright $28,000 Supplies $12,000 Accounts Receivable $51,000 Common Stock $91,000 Accounts Payable $50,000 Patent $21,000 Notes Payable $86,000 (due March 1, 2023) Income Tax Expense $21,000 Inventory $59,000 Building $34,000 Salaries Expense $14,000 Sales Revenue $79,000 Dividends $11,000 Equipment $45,000 Calculate JYF Company's total...
CALCULATOR Multiple Choice Question 222 Skysong, Inc. reports the following ledger account balances at June 30, 2022: Cash $1912 Accounts receivable 2908 Inventory 3874 Prepaid rent 104 Equipment 340 Accumulated depreciation equipment 62 Accounts payable 952 Unearned rent revenue 152 Common stock 220 Retained earnings 6800 Service revenue 390 Interest revenue 86 Salaries and wages expense 190 Insurance expense 94 Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June...
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...
Instructions On December 31, 2045, the balances of the accounts appearing in the ledger of Wyman Company are as follows: Cash Accounts receivable Inventory, January 1, 2045 Estimated returns inventory, January 1, 2045 Office supplies Prepaid insurance Land Store equipment Accumulated depreciation-store equipment Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Customer refunds payable Unearned rent Notes payable Common stock Retained earnings Dividends Sales $13,500 72,000 257,000 35,000 3,000 4,500 150,000 270,000 55.900 78,500 16,000 77,800 3,000 50.000 8,300...
JYF Company's accounting records at December 31, 2022 reported
the following account balances:
Cash $25,000
Retained Earnings $53,000 (at January 1, 2022)
Prepaid Insurance $18,000
Advertising Expense $22,000
Cost of Goods Sold $29,000
Interest Revenue $31,000
Copyright $28,000
Supplies $12,000
Accounts Receivable $51,000
Common Stock $91,000
Accounts Payable $50,000
Patent $21,000
Notes Payable $86,000 (due March 1, 2023)
Income Tax Expense $21,000
Inventory $59,000
Building $34,000
Salaries Expense $14,000
Sales Revenue $79,000
Dividends $11,000
Equipment $45,000
Calculate JYF Company's total...
JYF Company's accounting records at December 31, 2022 reported
the following account balances:
Cash $25,000
Retained Earnings $53,000 (at January 1, 2022)
Prepaid Insurance $18,000
Advertising Expense $22,000
Cost of Goods Sold $29,000
Interest Revenue $31,000
Copyright $28,000
Supplies $12,000
Accounts Receivable $51,000
Common Stock $91,000
Accounts Payable $50,000
Patent $21,000
Notes Payable $86,000 (due March 1, 2023)
Income Tax Expense $21,000
Inventory $59,000
Building $34,000
Salaries Expense $14,000
Sales Revenue $79,000
Dividends $11,000
Equipment $45,000
Calculate JYF Company's total...
Most questions answered within 3 hours.
-
Does the launch speed depend significantly upon the launching
angle? Is it reasonable?
asked 26 minutes ago -
A disc of moment of inertia 3.00 kgm2 is rotating with angular
velocity 2.00 rad/s about...
asked 10 minutes ago -
Hi, can somone help me with this question?
Omega Company reported the following information for the...
asked 16 minutes ago -
WHY SOME PEOPLE DECIDE TO STAY IN THEIR HOMES WHEN AN EXTREME
WEATHER EVENT SURROUNDS THEM.
asked 14 minutes ago -
Which of the following is a financial intermediary?
a mutual fund
the stock market
a U.S....
asked 24 minutes ago -
Completely and thoroughly explain how control charts could be
used by a company that makes eyeglass...
asked 33 minutes ago -
Explain how the equilibrium loanable funds interest rate is
determined? Please draw a picture of what...
asked 34 minutes ago -
Below is the trial balance of Tom’s Tents at 5 April 2018.
£
£
Trading account:...
asked 43 minutes ago -
For this question, we want to implement the basic
java classes to support the concept of an...
asked 44 minutes ago -
Two random variables X and Y have joint density function f(x,y)
=c(where c >0 denotes an...
asked 46 minutes ago -
Bonita Corporation issued 1,900 shares of $10 par value common
stock upon conversion of 950 shares...
asked 51 minutes ago -
When finding confidence interval for mu , if population standard
deviation (sigma) is known, we use...
asked 1 hour ago