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I dont know how to do part C and im not sure if part b is
correct
Business Course * Return to course Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income...
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When preparing a post closing entry please do not use Profit
and Loss account as an aswer. The word bank is below for the second
picture.
Bramble Company had the following adjusted trial balance. Bramble Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,840 Accounts Receivable 3,830 Supplies 600 Accounts Payable $1,900 Unearned Service Revenue 140 Common Stock 3,900 Retained Earnings 1,540 Dividends 570 Service Revenue 4,100 Salaries and Wages Expense 1.300 Miscellaneous...
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QS 3-18 (Static) Preparing closing entries from the ledger LO P6 The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $9,000; Dividends $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. Answer is not complete. No Date General Journal Debit Credit 1 Dec 31 Services revenue 13,000 Income summary 13,000 2 Dec 31 4,600 Income summary Wages expense 3 Dec 31 1,600 Income...
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Requirements 5 and 6 only.
Learning Objectives P-F:4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing a post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 30, 2024, follows: 1. Net Loss $(9,500) I ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2024 Balance Account Title Debit Credit Cash $ 4,600 Accounts Receivable 5,300 Office Supplies 1,500 Prepaid Insurance 1,700 Land 13,000 Building 82,000...
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Problems Group A P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 10, 2018, follows Net Loss 5(9,500) ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018, Balance Account Title Debit Credit Cash 5 4600 Accounts Receivable 5.300 Office Supplies 1.500 Prepaid Insurance 1,700 Land 13.000 Building 82.000 Accumulated Depreciation Building $ 25,200 Accounts Payable 18.700 Interest...
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E3-39. Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2018, is: SOLOMON CORPORATION Adjusted Trial Balance December 31, 2018 Debit Credit $ 4,000 6,500 78,000 .. Cash.. Accounts receivable Equipment Accumulated depreciation Notes payable. Common stock Rotainod earnings Service fees revenue Rent expense... Salaries expense Depreciation expense. Totals $ 14,000 10,000 43.000 12,600 71,000 18,000 37.100 7,000 $150,600 $150,600 a. Prepare its income statement and statement of stockholders' equity for the...
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s Kimmel, Financial Accounting, 9e Exercise 4-21 (Part Level Submission) Selected year-end account balances from the adjusted trial balance as of December 31, 2022 Credit Debit $88,570 32,090 16,100 259,620 111,140 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 $64,660 140,060 27,940 224,240 7,560 4,390 75,400 1,710 Your answer is partially correct. Try again. Prepare closing entries. (Credit account titles are...
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Prepare Closing Entries Using the income Summary Account The Century Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings $25.500; Dividends $6,000; Sales $60,000, Cost of Goods Sold $24,000; Selling and Administrative Expenses $9,000; Interest Expense 54,500. Prepare the closing entries for The Century Company. Close the temporary accounts to income summary. General Journal Debit Credit + . To close the revenue account Cost of goods sold Selling and administrative expense To close the expense...
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E2-32. Preparing Financial Statements and Closing Process Beneish Company has the following account balances at December 31, the end of its fiscal year. ...... $ 8,000 Debit Credit Cash Accounts receivable... Equipment ......... Accumulated depreciation. Notes payable ... Common stock........ Retained earnings .... Dividends ....... Service fees earned ..... Rent expense...... Salaries expense ..... . Depreciation expense.... Totals . . . . . . . . . . . . 6,500 78,000 $ 14,000 10,000 43,000 20,600 8,000 75,000 18,000...
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Below you will find an adjusted trial balance. Trial Balance Accounts Debit Credit Cash 34,000 Accounts Receivable 15,000 23,000 100,000 40,000 6,000 Inventory Equipment Accumulated Depr. Accounts Payable Notes Payable Common Stoo's Retained Earnings Dividends 70,000 10,000 32,000 4,000 Service Revenue 110,000 Sales Revenue 215,000 Interest Revenue 2,000 Cost of Goods Sold 155,000 Salaries Expense 80,000 Tax Expense 30.000 80,000 30,000 Salaries Expense Tax Expense Interest Expense Utilities Expense Supplies Expense 8,000 25,000 11,000 Totals 485,000 485,000 Prepare the closing...
I dont know how to do part C and im not sure if part b is
correct
Business Course * Return to course Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income...
When preparing a post closing entry please do not use Profit
and Loss account as an aswer. The word bank is below for the second
picture.
Bramble Company had the following adjusted trial balance. Bramble Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,840 Accounts Receivable 3,830 Supplies 600 Accounts Payable $1,900 Unearned Service Revenue 140 Common Stock 3,900 Retained Earnings 1,540 Dividends 570 Service Revenue 4,100 Salaries and Wages Expense 1.300 Miscellaneous...
QS 3-18 (Static) Preparing closing entries from the ledger LO P6 The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $9,000; Dividends $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. Answer is not complete. No Date General Journal Debit Credit 1 Dec 31 Services revenue 13,000 Income summary 13,000 2 Dec 31 4,600 Income summary Wages expense 3 Dec 31 1,600 Income...
Requirements 5 and 6 only.
Learning Objectives P-F:4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing a post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 30, 2024, follows: 1. Net Loss $(9,500) I ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2024 Balance Account Title Debit Credit Cash $ 4,600 Accounts Receivable 5,300 Office Supplies 1,500 Prepaid Insurance 1,700 Land 13,000 Building 82,000...
Problems Group A P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 10, 2018, follows Net Loss 5(9,500) ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018, Balance Account Title Debit Credit Cash 5 4600 Accounts Receivable 5.300 Office Supplies 1.500 Prepaid Insurance 1,700 Land 13.000 Building 82.000 Accumulated Depreciation Building $ 25,200 Accounts Payable 18.700 Interest...
E3-39. Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2018, is: SOLOMON CORPORATION Adjusted Trial Balance December 31, 2018 Debit Credit $ 4,000 6,500 78,000 .. Cash.. Accounts receivable Equipment Accumulated depreciation Notes payable. Common stock Rotainod earnings Service fees revenue Rent expense... Salaries expense Depreciation expense. Totals $ 14,000 10,000 43.000 12,600 71,000 18,000 37.100 7,000 $150,600 $150,600 a. Prepare its income statement and statement of stockholders' equity for the...
s Kimmel, Financial Accounting, 9e Exercise 4-21 (Part Level Submission) Selected year-end account balances from the adjusted trial balance as of December 31, 2022 Credit Debit $88,570 32,090 16,100 259,620 111,140 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 $64,660 140,060 27,940 224,240 7,560 4,390 75,400 1,710 Your answer is partially correct. Try again. Prepare closing entries. (Credit account titles are...
Prepare Closing Entries Using the income Summary Account The Century Company's adjusted trial balance contains the following balances as of December 31: Retained Earnings $25.500; Dividends $6,000; Sales $60,000, Cost of Goods Sold $24,000; Selling and Administrative Expenses $9,000; Interest Expense 54,500. Prepare the closing entries for The Century Company. Close the temporary accounts to income summary. General Journal Debit Credit + . To close the revenue account Cost of goods sold Selling and administrative expense To close the expense...
E2-32. Preparing Financial Statements and Closing Process Beneish Company has the following account balances at December 31, the end of its fiscal year. ...... $ 8,000 Debit Credit Cash Accounts receivable... Equipment ......... Accumulated depreciation. Notes payable ... Common stock........ Retained earnings .... Dividends ....... Service fees earned ..... Rent expense...... Salaries expense ..... . Depreciation expense.... Totals . . . . . . . . . . . . 6,500 78,000 $ 14,000 10,000 43,000 20,600 8,000 75,000 18,000...
Below you will find an adjusted trial balance. Trial Balance Accounts Debit Credit Cash 34,000 Accounts Receivable 15,000 23,000 100,000 40,000 6,000 Inventory Equipment Accumulated Depr. Accounts Payable Notes Payable Common Stoo's Retained Earnings Dividends 70,000 10,000 32,000 4,000 Service Revenue 110,000 Sales Revenue 215,000 Interest Revenue 2,000 Cost of Goods Sold 155,000 Salaries Expense 80,000 Tax Expense 30.000 80,000 30,000 Salaries Expense Tax Expense Interest Expense Utilities Expense Supplies Expense 8,000 25,000 11,000 Totals 485,000 485,000 Prepare the closing...