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Check Required information Exercise 2-20 (Algo) Worksheet (Appendix 2A] (The following information applies to the questions...
Exercise 2-20 (Algo) Worksheet (Appendix 2A) [The following information applies to the questions displayed below.) The...
Exercise 2-20 (Algo) Worksheet (Appendix 2A) [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 41,870 32,750 5,400 51,250 118,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense...
The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December...
The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date Credits Debits 75,370 21,500 2,400 32, see 58, eee 17,480 22,000 2 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000 13,000 353,000 211,800 70,600 14,400 14,120 4.710 505,...
Required Information The following information applies to the questions displayed below) The December 31, 2021, unadjusted...
Required Information The following information applies to the questions displayed below) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting dute. Account Title Debits Credits Cash 20,000 Accounts receivable 35,000 Prepaid rent 5,00 Inventory 50,00 Equipment 100,00 Accumulated depreciation Be, Accounts payable 25,000 Salaries payable Common stock 300. Retained earnings Sales revenue 323,00 Cost of goods sold 180,00 Salaries expense 71, Rent expense Depreciation expense 30,000 Utilities...
Required information [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted...
Required information [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 53,040 29,000 4,400 45,000 98,000 29,400 32,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000...
Required: 1. Prepare and complete a worksheet. 2. Prepare an income statement for 2021 and a...
Required:
1. Prepare and complete a worksheet.
2. Prepare an income statement for 2021 and a
balance sheet as of December 31, 2021.
Required information [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 50,810 29,750 4,600 46,250 102,000 30,600 33,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following Information...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,380 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10,890 7,180 The...
The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December...
The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company’s year-end reporting date. Account Title Debits Credits Cash 46,340 Accounts receivable 31,250 Prepaid rent 5,000 Inventory 48,750 Equipment 110,000 Accumulated depreciation 33,000 Accounts payable 35,000 Salaries payable 0 Common stock 100,000 Retained earnings 32,500 Sales revenue 483,000 Cost of goods sold 289,800 Salaries expense 96,600 Rent expense 30,000 Depreciation expense 0 Utilities expense 19,320 Advertising expense 6,440 Totals 683,500 683,500...
How to fix this problem Required information The following information applies to the questions displayed below....
How to fix this problem
Required information The following information applies to the questions displayed below. of 5 Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below 5 Account Title Cash Debits Credits 30,80e 40,800 1, 580 60,688 20,000 Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable...
Required information [The following information applies to the questions displayed below) The following is a list...
Required information [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debitor credit balances, Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,204 99,900...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 6,300 Print 20.680 20,600 The following transactions...
Exercise 2-20 (Algo) Worksheet (Appendix 2A) [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 41,870 32,750 5,400 51,250 118,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense...
The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date Credits Debits 75,370 21,500 2,400 32, see 58, eee 17,480 22,000 2 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000 13,000 353,000 211,800 70,600 14,400 14,120 4.710 505,...
Required Information The following information applies to the questions displayed below) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting dute. Account Title Debits Credits Cash 20,000 Accounts receivable 35,000 Prepaid rent 5,00 Inventory 50,00 Equipment 100,00 Accumulated depreciation Be, Accounts payable 25,000 Salaries payable Common stock 300. Retained earnings Sales revenue 323,00 Cost of goods sold 180,00 Salaries expense 71, Rent expense Depreciation expense 30,000 Utilities...
Required information [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 53,040 29,000 4,400 45,000 98,000 29,400 32,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Utilities expense Advertising expense Totals 100,000...
Required:
1. Prepare and complete a worksheet.
2. Prepare an income statement for 2021 and a
balance sheet as of December 31, 2021.
Required information [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for the Wolkstein Drug Company is presented below. December 31 is the company's year-end reporting date. Credits Debits 50,810 29,750 4,600 46,250 102,000 30,600 33,000 Account Title Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation Accounts payable Salaries...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,380 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10,890 7,180 The...
How to fix this problem
Required information The following information applies to the questions displayed below. of 5 Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below 5 Account Title Cash Debits Credits 30,80e 40,800 1, 580 60,688 20,000 Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable...
Required information [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debitor credit balances, Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,204 99,900...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 6,300 Print 20.680 20,600 The following transactions...
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