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Question 2 12 points Save Answer Below is a selected group of accounts. For each account,...
For the accounts listed below, identify the type of account (asset, liability, owner’s capital, owner’s drawing,...
For the accounts listed below, identify the type of account (asset, liability, owner’s capital, owner’s drawing, revenue, or expense), the normal balance (debit or credit), and which financial statement you would find the account on (income statement, owner’s equity statement, or balance sheet). Type of Account Normal Balance Financial Statement A Cash B Accounts Payable C Rent Expense D Accumulated Depreciation E Interest Revenue F Notes Payable G Advertising Expense H Owner's Drawings I Equipment J Owner's Capital K Sales...
list of accounts Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
list of accounts Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
18 points Save Answer Instructions: Select account items are provided for Cay Cay Company. Using the...
18 points Save Answer Instructions: Select account items are provided for Cay Cay Company. Using the items listed below, prepare an income statement and owner's equity statement for the month ended June 30 2020. Financial statements must be prepared in the correct form Owner's Drawings Owner's Capital, June 1 Cash Accounts Payable Supplies Unearned Service Revenue Accumulated Depreciation Equipment Rent Revenue Advertising Expense Accounts Receivable Rent Expense Salaries & Wages Expense Equipment Service Revenue TT T Arial 3(12pt) 15,000 212.500...
Sunland Management Services began business on January 1, 2020, with a capital investment of $137,200. The...
Sunland Management Services began business on January 1, 2020, with a capital investment of $137,200. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Sunland Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Cash 13,500 13,500 Accounts Receivable 28.000...
Natalie had a very busy December. At the end of the month, after journalizing and posting...
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance. COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit $970 720 290 990 1,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Interest Payable Unearned Service Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense Advertising...
LOG -30XA IN OFF PROF. ARIAS PROBLEM 4 (25 PTS.) The adjusted trial balance of Personal...
LOG -30XA IN OFF PROF. ARIAS PROBLEM 4 (25 PTS.) The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2020 1. an income statement 2. an owner's equity statement 3a balance sheet Credit Debit 10,500 4,000 1,900 18,000 Personal Financial Planners Adjusted Trial Balance December 31, 2020 Account titles Cash $ Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business,...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. List of Accounts Jan. 2 Invested $10,000 cash in business. Exercise 2-2 3 Purchased used car for $3,000 cash for use in business. Accounts Payable Accounts Receivable Advertising Expense Buildings 9 Purchased supplies on account for $500 11 Billed customers S2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $7D0 cash from customers billed on January 11 23...
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts...
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue Data Table Cash $ $? Land...
Below are the completed financial statement columns of the worksheet for Suncor Company. Suncor Company Work...
Below are the completed financial statement columns of the
worksheet for Suncor Company.
Suncor Company
Work Sheet
For the Year Ended December 31, 2017
During 2017, Suncor’s shareholders invested $26,880 in exchange
for common shares. Accumulated other comprehensive income had a
balance of $0 on January 1, 2017.
Prepare a statement of comprehensive income.
SUNCOR CORP.
Choice of accounts to use:
Accounts Payable
Accounts Receivable
Accrued Liabilities
Accumulated Amortization - Patent
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
18 points Save Answer Instructions: Select account items are provided for Cay Cay Company. Using the items listed below, prepare an income statement and owner's equity statement for the month ended June 30 2020. Financial statements must be prepared in the correct form Owner's Drawings Owner's Capital, June 1 Cash Accounts Payable Supplies Unearned Service Revenue Accumulated Depreciation Equipment Rent Revenue Advertising Expense Accounts Receivable Rent Expense Salaries & Wages Expense Equipment Service Revenue TT T Arial 3(12pt) 15,000 212.500...
Sunland Management Services began business on January 1, 2020, with a capital investment of $137,200. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Sunland Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Cash 13,500 13,500 Accounts Receivable 28.000...
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance. COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit $970 720 290 990 1,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Interest Payable Unearned Service Revenue Notes Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Utilities Expense Advertising...
LOG -30XA IN OFF PROF. ARIAS PROBLEM 4 (25 PTS.) The adjusted trial balance of Personal Financial Planners appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, 2020 1. an income statement 2. an owner's equity statement 3a balance sheet Credit Debit 10,500 4,000 1,900 18,000 Personal Financial Planners Adjusted Trial Balance December 31, 2020 Account titles Cash $ Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. List of Accounts Jan. 2 Invested $10,000 cash in business. Exercise 2-2 3 Purchased used car for $3,000 cash for use in business. Accounts Payable Accounts Receivable Advertising Expense Buildings 9 Purchased supplies on account for $500 11 Billed customers S2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $7D0 cash from customers billed on January 11 23...
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue Data Table Cash $ $? Land...
Below are the completed financial statement columns of the
worksheet for Suncor Company.
Suncor Company
Work Sheet
For the Year Ended December 31, 2017
During 2017, Suncor’s shareholders invested $26,880 in exchange
for common shares. Accumulated other comprehensive income had a
balance of $0 on January 1, 2017.
Prepare a statement of comprehensive income.
SUNCOR CORP.
Choice of accounts to use:
Accounts Payable
Accounts Receivable
Accrued Liabilities
Accumulated Amortization - Patent
Accumulated Depreciation - Buildings
Accumulated Depreciation - Equipment
Accumulated...
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