Homework Answers
Answer
· Requirement asked
|
Trial Balance |
||
|
Accounts title |
Debit |
Credit |
|
Cash |
$4,000 |
|
|
Equipment |
$23,000 |
|
|
Accounts Payable |
$1,600 |
|
|
Unearned Revenue |
$10,280 |
|
|
Common Stock |
$17,000 |
|
|
Dividends |
$3,580 |
|
|
Service revenue |
$8,500 |
|
|
Advertising expense |
$1,100 |
|
|
Utilities expense |
$400 |
|
|
Rent Expense |
$5,300 |
|
|
Total |
$37,380 |
$37,380 |
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22. Using the following accounts and their balances, prepare the trial balance for Campo Furniture Repair...
T12-4 (book/static) 22. Using the following accounts and their balances, prepare the trial balance for Cooper...
T12-4 (book/static) 22. Using the following accounts and their balances, prepare the trial balance for Cooper Furniture Repair as of December 31, 2018. All accounts have normal balances (Click the icon to view Cooper Furniture Repair's accounts.) Cooper Furniture Repair Trial Balance December 31, 2018 Balance Debit Credit Data Table Account Title $ Cash Unearned Revenue Equipment Service Revenue Common Stock 7,000 4,500 10,000 8.000 12.200 Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends 1,200 B00 5,000 2.300 3,000...
Using the following accounts and their balances, prepare the trial balance for Crandell Furniture repair as...
Using the following accounts and their balances, prepare the trial
balance for Crandell Furniture repair as of December 31,2018. All
accounts have normal balances.
December 31, 2018 Balance Account Title DebitCredit Total Data Table Cash Unearned Revenue Equipment Service Revenue Common Stock $8,000Advertising Expense 7,480 Utilities Expense 6,000Rent Expense 9,200 Accounts Payable 17,000Dividends $ 1,400 200 5,600 2,600 5,080 Print Done
T12-5 (similar to) 23. Using the following accounts and their balances, calculate the debt ratio for...
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Requirement 2. The accounts listed in the unadjusted trial balance, together with their unadjusted balances as...
Requirement 2. The accounts listed in the
unadjusted trial balance, together with their unadjusted balances
as of
December 31, 2018 have been opened for you in T-account form.
Post the adjusting entries to T-accounts using the adjustment
letters (a, b, c, etc.) as posting references. Determine the
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2018.
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Prepare Murphy Farm Equipment Repair's trial balance as of May
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Data Table ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Dividends+ 2,200 Cash - Salaries PayableCommon Stock - Service Revenue- nue Salaries Expense 4,600 2,500 24,000 16,000 200 3,900 2,000 3,900 Property Tax 24,000 2,500 200 21,000 Notes Payable Expense 1,0004,600 2,200 3,540 4,600 34,000 1,200 Accounts Receivable Advertising Expense 4,600 1,000 340 Land 16,000...
The following adjusted trial balance contains the accounts and balances of Zein Company as of December...
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points) Below is the adjusted trial balance for Baba Repair Service. Please prepare the income statement...
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The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of...
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Credit Debit $ 18,000 14,400 2,089 23,000 14,40 $ 168 Accum 6.500 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment Accumulated depreciation- © Equipment 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 45,150 6,000 50,000 2,000 29,150 2,100 3,350...
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Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 20Y6,...
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T12-4 (book/static) 22. Using the following accounts and their balances, prepare the trial balance for Cooper Furniture Repair as of December 31, 2018. All accounts have normal balances (Click the icon to view Cooper Furniture Repair's accounts.) Cooper Furniture Repair Trial Balance December 31, 2018 Balance Debit Credit Data Table Account Title $ Cash Unearned Revenue Equipment Service Revenue Common Stock 7,000 4,500 10,000 8.000 12.200 Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends 1,200 B00 5,000 2.300 3,000...
Using the following accounts and their balances, prepare the trial
balance for Crandell Furniture repair as of December 31,2018. All
accounts have normal balances.
December 31, 2018 Balance Account Title DebitCredit Total Data Table Cash Unearned Revenue Equipment Service Revenue Common Stock $8,000Advertising Expense 7,480 Utilities Expense 6,000Rent Expense 9,200 Accounts Payable 17,000Dividends $ 1,400 200 5,600 2,600 5,080 Print Done
T12-5 (similar to) 23. Using the following accounts and their balances, calculate the debt ratio for Craven Furniture Repair as of December 31. (Click the icon to view Craven Furniture Repair's accounts.) Debt Ratio st % 11 O Data Table Cash $ 4,000 $ $ 1,300 9,740 100 Advertising Expense Utilities Expense Rent Expense Accounts Payable Unearned Revenue Equipment Service Revenue Common Stock 4,800 23,000 9,200 1,600 17,000 Dividends 4,340 Print Done
Requirement 2. The accounts listed in the
unadjusted trial balance, together with their unadjusted balances
as of
December 31, 2018 have been opened for you in T-account form.
Post the adjusting entries to T-accounts using the adjustment
letters (a, b, c, etc.) as posting references. Determine the
ending balances for all T-accounts (including any that may not be
affected by any of the adjusting entries) on December 31,
2018.
Calculate each accounts balance and enter the balance, along
with a...
The T-accounts of Murphy Farm Equipment Repair follow as of May
31,2018.
Prepare Murphy Farm Equipment Repair's trial balance as of May
31, 2018.
Data Table ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Dividends+ 2,200 Cash - Salaries PayableCommon Stock - Service Revenue- nue Salaries Expense 4,600 2,500 24,000 16,000 200 3,900 2,000 3,900 Property Tax 24,000 2,500 200 21,000 Notes Payable Expense 1,0004,600 2,200 3,540 4,600 34,000 1,200 Accounts Receivable Advertising Expense 4,600 1,000 340 Land 16,000...
points) Below is the adjusted trial balance for Baba Repair Service. Please prepare the income statement for the December 31, 2012. Baba Repair Service Adjusted Trial Balance December 31, 2012 Debit Credit $1,600 2,400 800 200 14,000 Accounts Cash Accounts receivable Prepaid rent Supplies Building Accumulated depreciation Accounts payable Salary payable Unearned revenue D. Baba, capital D. Baba, drawing Service revenue Salary expense Rent expense Depreciation expense Supplies expense Total $2,000 4,200 1,000 800 6,000 1,000 50,000 121.000 114,000 8.500...
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Credit Debit $ 18,000 14,400 2,089 23,000 14,40 $ 168 Accum 6.500 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment Accumulated depreciation- © Equipment 301 A. Cruz, Capital 302 A. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 45,150 6,000 50,000 2,000 29,150 2,100 3,350...
Learning S2-8 Preparing a trial balance Smithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particular order, and all have normal balances. Service Revenue Equipment Rent Expense Smithson, Capital Accounts Payable Smithson, Withdrawals $ 26,000 Salaries Payable 36,000 Salaries Expense 17,000 Cash 24,000 Accounts Receivable 2,200 Interest Payable 16,100 Utilities Expense $ 25,000 1,600 7,000 3,600 6,000 1,900 Prepare the trial balance of Smithson Floor Coverings at December 31, 2018.
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