Homework Answers
| Pharoah company | ||||||
| Trial balance | ||||||
| For the quarter ended March 31,2022 | ||||||
| DR | CR | |||||
| Cash | 29400 | |||||
| Accounts receivable | 34600 | |||||
| Prepaid insurance | 3500 | |||||
| Equipment | 58000 | |||||
| Accounts payable | 15800 | |||||
| Unearned service revenue | 11000 | |||||
| Notes payable | 18000 | |||||
| Common stock | 28000 | |||||
| Retained earnings | 21300 | |||||
| Dividends | 1700 | |||||
| Service revenue | 63000 | |||||
| Salaries and wages expense | 13900 | |||||
| Utilities expense | 4600 | |||||
| Rent expense | 11400 | |||||
| Totals | 157100 | 157100 | ||||
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Question 7 Prepare a corrected trial balance for Pharoah Company. All accounts should have a normal...
Prepare a corrected trial balance for Howard Company. All accounts should have a balance. (10 pts)...
Prepare a corrected trial balance for Howard Company. All accounts should have a balance. (10 pts) HOWARD COMPANY Trial Balance For the Quarter Ended 3/31/16 Debit $ 13,000 Cash $ 25.000 Accounts Receivable Prepaid insurance 2.500 Equipment 62,000 Accounts Payable 25,000 Unearned Service Revenue 12,000 Notes Payable 25,000 Owner's Capital 40.000 Owner's Drawings 1,500 Service Revenue 40,000 Salaries and Wages Expense 14,000 Utilities Expense 5,000 Rent Expense 10,000 $118.500 $147.500
From the ledger balances below, prepare a trial balance for Pharoah Company at June 30, 2022....
From the ledger balances below, prepare a trial balance for Pharoah Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,400 5,770 16,970 1,530 13,190 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,790 2,580 3,670 1,420 PHAROAH COMPANY Trial Balance Debit Credit $
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 upport Cr. Account No. 101 112 126 157 158 Adjusted Trial Balance Dr. $6,300 10,800 2,200 2,200 27,700 $4,500 14,100 5,500 3,500 670 17,000 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Pharoah, capital D. Pharoah, drawings Service revenue Advertising avnence 200 201 212 230 301...
A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit...
A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit by Study PHAROAH COMPANY Trial Balance March 31 Debit Cash $23,470 Accounts receivable 34,010 Supplies 1,610 Notes payable Accounts payable Unearned revenue D. Losier, capital D. Losier, drawings 15,270 Service revenue Insurance expense 500 Interest expense 6,710 Rent expense 15,600 Salaries expense 39,230 Supplies expense 1,840 Utilities expense 2,610 Total $140,850 $20,770 20,463 4,900 29,100 65,410 $140,643 A review shows that the accountant made...
This al balance of Pharoah Company does not balance PHAROAH COMPANY Trial Balance June 10. 2012...
This al balance of Pharoah Company does not balance PHAROAH COMPANY Trial Balance June 10. 2012 Debit Credit Cash $ 4.790 Accounts Receivable $ 4.890 2,150 4.700 Supplies Equipment Accounts Payable Uncamed 5,206 2,550 Revenue Commor 10,700 800 Dividends Service Reverive 5,190 Salaries and Wages Expense 3,540 990 Expense $19,570 $25,876 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from a...
At the end of its fiscal year, the adjusted trial balance of Pharoah Company is as...
At the end of its fiscal year, the adjusted trial balance of Pharoah Company is as follows: PHAROAH COMPANY Adjusted Trial Balance July 31, 2021 Debit Credit Cash $5,410 Accounts receivable 11,490 Prepaid rent 8,500 Supplies 750 Equipment 19,950 Accumulated depreciation—equipment $5,700 Patents 18,300 Accounts payable 4,295 Interest payable 750 Unearned revenue 2,050 Notes payable (due on July 1, 2023) 46,000 B. Pharoah, capital 28,285 B. Pharoah drawings 16,500 Service revenue 74,900 Interest revenue 320 Depreciation expense 2,850 Interest expense...
Identify the errors in the trial balance provided and prepare a corrected trial balance For the...
Identify the errors in the trial balance provided and prepare a
corrected trial balance
For the Year Ending December 31, 2018 Debit Balances Credit Balances 42,900 Cash Accounts Receivable 123,500 Prepaid Insurance 27,000 Equipment 300,000 Accounts Payable 52,000 Salaries Payable 4.800 Common Stock 40.000 Retained Earnings 137,200 Dividends 5,000 Service Revenue 1,216,000 Salary Expense 660,000 Advertising Expense 275,000 Miscellaneous Expense 16,600 1.801.500 1.801.500 Check My Work Previou IDeo. Scores 27/55 UUDJUSTED TRIAL BALANCE December 31, 2018 ACCOUNT TITLE DERIT Cash...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019 Credit Debit $14,000 2,900 500 4,000 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,200 2,000 1,400 8,100 -0- 700 11,500 4,200 900 $27,200 $27,200 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700. Expired insurance...
The acusted trial balance for Pharoah Company is given below: PHAROAH COMPANY Trial Balance August 31,...
The acusted trial balance for Pharoah Company is given below: PHAROAH COMPANY Trial Balance August 31, 2022 Before Adjustment Adjustment C. C. Cash Accounts Receivable Dr. $10,160 8.550 2.750 4,250 Dr. $10,160 9.130 1,740 2,830 Supe es Prepaid Insurance Equipment 16,640 16,640 Accumulated Depreciation Equipment $2,744 5160 $4,944 5.160 Accounts Payable Salaries and Wages Payable Unearned Rant Revenus 2,100 1,350 1.200 13,650 5.470 Common Stock 5.470 Retained Earnings Dividends 2870 2.670 Service Revenus 34,890 12,620 35,460 13,520 Rent Revenue Salaries...
QUESTION HERE: This is the trial balance of Pharoah Company on September 30. PHAROAH COMPANY Trial...
QUESTION HERE:
This is the trial balance of Pharoah Company on September 30. PHAROAH COMPANY Trial Balance September 30, 2022 Debit Credit Cash $23,940 Accounts Receivable 7,340 Supplies 4,530 Equipment 10,430 Accounts Payable $ 9,540 Unearned Service Revenue 3,530 Common Stock 19,740 Retained Earnings 13,430 $46,240 $46,240 The October transactions were as follows. Oct. 5 Received $1,330 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,660. 15 Paid employee salaries $1,270. 17 Performed $600...
Prepare a corrected trial balance for Howard Company. All accounts should have a balance. (10 pts) HOWARD COMPANY Trial Balance For the Quarter Ended 3/31/16 Debit $ 13,000 Cash $ 25.000 Accounts Receivable Prepaid insurance 2.500 Equipment 62,000 Accounts Payable 25,000 Unearned Service Revenue 12,000 Notes Payable 25,000 Owner's Capital 40.000 Owner's Drawings 1,500 Service Revenue 40,000 Salaries and Wages Expense 14,000 Utilities Expense 5,000 Rent Expense 10,000 $118.500 $147.500
From the ledger balances below, prepare a trial balance for Pharoah Company at June 30, 2022. All account balances are normal. Accounts Payable Cash Common Stock Dividends Equipment $ 2,400 5,770 16,970 1,530 13,190 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,790 2,580 3,670 1,420 PHAROAH COMPANY Trial Balance Debit Credit $
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 upport Cr. Account No. 101 112 126 157 158 Adjusted Trial Balance Dr. $6,300 10,800 2,200 2,200 27,700 $4,500 14,100 5,500 3,500 670 17,000 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Pharoah, capital D. Pharoah, drawings Service revenue Advertising avnence 200 201 212 230 301...
A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit by Study PHAROAH COMPANY Trial Balance March 31 Debit Cash $23,470 Accounts receivable 34,010 Supplies 1,610 Notes payable Accounts payable Unearned revenue D. Losier, capital D. Losier, drawings 15,270 Service revenue Insurance expense 500 Interest expense 6,710 Rent expense 15,600 Salaries expense 39,230 Supplies expense 1,840 Utilities expense 2,610 Total $140,850 $20,770 20,463 4,900 29,100 65,410 $140,643 A review shows that the accountant made...
This al balance of Pharoah Company does not balance PHAROAH COMPANY Trial Balance June 10. 2012 Debit Credit Cash $ 4.790 Accounts Receivable $ 4.890 2,150 4.700 Supplies Equipment Accounts Payable Uncamed 5,206 2,550 Revenue Commor 10,700 800 Dividends Service Reverive 5,190 Salaries and Wages Expense 3,540 990 Expense $19,570 $25,876 Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors: 1. Cash received from a...
Identify the errors in the trial balance provided and prepare a
corrected trial balance
For the Year Ending December 31, 2018 Debit Balances Credit Balances 42,900 Cash Accounts Receivable 123,500 Prepaid Insurance 27,000 Equipment 300,000 Accounts Payable 52,000 Salaries Payable 4.800 Common Stock 40.000 Retained Earnings 137,200 Dividends 5,000 Service Revenue 1,216,000 Salary Expense 660,000 Advertising Expense 275,000 Miscellaneous Expense 16,600 1.801.500 1.801.500 Check My Work Previou IDeo. Scores 27/55 UUDJUSTED TRIAL BALANCE December 31, 2018 ACCOUNT TITLE DERIT Cash...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019 Credit Debit $14,000 2,900 500 4,000 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,200 2,000 1,400 8,100 -0- 700 11,500 4,200 900 $27,200 $27,200 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700. Expired insurance...
The acusted trial balance for Pharoah Company is given below: PHAROAH COMPANY Trial Balance August 31, 2022 Before Adjustment Adjustment C. C. Cash Accounts Receivable Dr. $10,160 8.550 2.750 4,250 Dr. $10,160 9.130 1,740 2,830 Supe es Prepaid Insurance Equipment 16,640 16,640 Accumulated Depreciation Equipment $2,744 5160 $4,944 5.160 Accounts Payable Salaries and Wages Payable Unearned Rant Revenus 2,100 1,350 1.200 13,650 5.470 Common Stock 5.470 Retained Earnings Dividends 2870 2.670 Service Revenus 34,890 12,620 35,460 13,520 Rent Revenue Salaries...
QUESTION HERE:
This is the trial balance of Pharoah Company on September 30. PHAROAH COMPANY Trial Balance September 30, 2022 Debit Credit Cash $23,940 Accounts Receivable 7,340 Supplies 4,530 Equipment 10,430 Accounts Payable $ 9,540 Unearned Service Revenue 3,530 Common Stock 19,740 Retained Earnings 13,430 $46,240 $46,240 The October transactions were as follows. Oct. 5 Received $1,330 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,660. 15 Paid employee salaries $1,270. 17 Performed $600...
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