Homework Answers
a) Notes Payable - ₹2800 Debit (Decrease Notes Payable Amount)
b) Rent Expenses - ₹4000 Credit (Increases Rent Expenses and Decrease Balances )
c) Consulting Revenue - ₹ 34000 Debit (Increases Balance)
d) Cash - ₹ 12000 Credit (Decreases Balances)
e) Supplies - ₹ 2500 Debit (Increases balances)
f) Salary Expenses - ₹ 6000 Debit (Increase expenses and Decreases Balances)
g) Accounts Payable - ₹ 4800 Credit (Increase payable and decrease balances)
h) Rental Revenue - ₹7000 Credit (Increases Balances)
Add Answer to:
unearned revenue=$3,600
notes payable= $2,800
accounts payable=$4,800
advertising expense $2800
rent expense $4000
salaries expense $6000...
I want to know if im doing this correctly Connect rent Students Madison X what does...
I want to know if im doing this correctly
Connect rent Students Madison X what does revenue mean in a x + 0 https://ezto.mheducation.com/ext/map/index.html?con=con&external browser=0&launchUrl=https%253A%252F%252Fb Chapter 1 Homework Saved You skipped this question in the previous attempt 14 As of December 31, 2019, Armani Company's financial records show the following items and amounts. Part 1 of 3 $11,300 10,300 7,300 6,300 13,600 17,300 0.78 points Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani,...
For each of the following (1) identify the account as an asset, liability, equity, revenue, or...
For each of the following (1) identify the account as an asset, liability, equity, revenue, or expense; (2) Identify the normal balance of the account; and (3) select debitor credit to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) ad Account a. Services Revenue b. Equipment c. Notes Payable d. Common Stock e Supplies Accounts Payable 9. Consulting Revenue h. Salarios Expono i. Utilities Expense Prepaid Rent k...
On April 1, a business collected $3,600 rent in advance, debiting Cash and crediting Unearned Revenue....
On April 1, a business collected $3,600 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. At December 31, the business must account for the amount of rent it has earned. a.On April 1, a business collected $3,600 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned....
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ Debit...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ Debit 6,500 23,000 8,800 7,300 50,000 $ 25,000 168,000 56,000 69,780 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 244...
A company has the following transactions during the month of February February 2 Pay $670 for...
A company has the following transactions during the month of February February 2 Pay $670 for radio advertising for February. February 7 Purchase beauty supplies of $1,270 on account. February 14 Provide beauty services of $2,750 to customers and receive cash. February 15 Pay employee salaries for the current month of $870. February 25 Provide beauty services of $970 to customers on account. February 28 Pay utility bill for the current month of $270. Required: Record each transaction. The company...
Options; Accounts Payable, Equipment, Common Shares, Cash, Rent Expense, Supplies, No Transaction, Income Tax Expense, Unearned...
Options; Accounts Payable, Equipment, Common Shares, Cash, Rent
Expense, Supplies, No Transaction, Income Tax Expense, Unearned
Revenue, Accounts Receivable, Service Revenue.
Question 3 Transactions for Crane Ltd. for the month of June, its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $2,550 cash 4 Purchased supplies on account for $256 7 Billed J. Kronsnoble $278 for welding work done. 18 Received partial payment of $192 from J. Kronsnoble for work billed...
partb) :partc) also, need to find t account for Accounts Payable, unearned revenue,W. Slowcombe Capital, W....
partb) :partc)
also, need to find t account
for Accounts Payable, unearned revenue,W. Slowcombe
Capital, W. Slowcombe Drawings, Service Revenue,Salaries
Expense,Utilities Expense,Maintenance Expense
Question 4 Below is the trial balance of Slowcombe Services on September 30, 2021. SLOWCOMBE SERVICES Trial Balance September 30, 2021 Debit Credit Cash $8,550 Accounts receivable 2,210 Supplies 1,710 Equipment 7,710 Accounts payable $5,050 Unearned revenue 1,010 W. Slowcombe, capital 14,120 $20,180 $20,180 The October transactions were as follows: Oct. 5 10 15 17 20 29...
ERIES A connect All applicable Problems in Series A are available in Connect. Debit Problem 3-25A...
ERIES A connect All applicable Problems in Series A are available in Connect. Debit Problem 3-25A Identifying debit and credit balances Required Indicate whether each of the following accounts normally has a debit or credit balance: a. Interest Receivable h. Consulting Revenue 0. Dividends b. Interest Revenue i. Utilities Payable c. Prepaid Insurance j. Supplies q. Insurance Expense d. Land k. Service Revenue r. Accounts Receivable e. Salaries Payable 1. Accounts Payable s. Utilities Expense f. Salaries Expense m. Operating...
3) Cash Service Revenue Salaries Expense Accounts Payable C Retained Earnings Utilities Expense Accounts Receivable Common...
3) Cash Service Revenue Salaries Expense Accounts Payable C Retained Earnings Utilities Expense Accounts Receivable Common Stock Dividends How many of the above accounts have a normal debit balance? A) Six. C) Four D) Seven. 214) For a journal entry with only two lines, the following entry is valid: Increase in Revenue, Decrease in Expense A) True B) False 215) For a journal entry with only two lines, the following entry is valid Increase in Expense, Increase in Dividends. B)...
Debit Credit 54500 Accounts receivable 100 Supplies 590 $300 Accounts payable Unearned service revenue Common stock...
Debit Credit 54500 Accounts receivable 100 Supplies 590 $300 Accounts payable Unearned service revenue Common stock Retained earnings 3.100 56. 120 16.120 The company underwent a major expansion in July, New staff was hired and more facing was obtained Grouperconducted the following transactions during July 2022. and adjust counts monthly July 1 Purchased equipment paying $3.200 cash and signing a 2 year note payable for $17.200. The equipment has a 4-year useful . The note has a interest rate which...
I want to know if im doing this correctly
Connect rent Students Madison X what does revenue mean in a x + 0 https://ezto.mheducation.com/ext/map/index.html?con=con&external browser=0&launchUrl=https%253A%252F%252Fb Chapter 1 Homework Saved You skipped this question in the previous attempt 14 As of December 31, 2019, Armani Company's financial records show the following items and amounts. Part 1 of 3 $11,300 10,300 7,300 6,300 13,600 17,300 0.78 points Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani,...
For each of the following (1) identify the account as an asset, liability, equity, revenue, or expense; (2) Identify the normal balance of the account; and (3) select debitor credit to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) ad Account a. Services Revenue b. Equipment c. Notes Payable d. Common Stock e Supplies Accounts Payable 9. Consulting Revenue h. Salarios Expono i. Utilities Expense Prepaid Rent k...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ Debit 6,500 23,000 8,800 7,300 50,000 $ 25,000 168,000 56,000 69,780 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 244...
A company has the following transactions during the month of February February 2 Pay $670 for radio advertising for February. February 7 Purchase beauty supplies of $1,270 on account. February 14 Provide beauty services of $2,750 to customers and receive cash. February 15 Pay employee salaries for the current month of $870. February 25 Provide beauty services of $970 to customers on account. February 28 Pay utility bill for the current month of $270. Required: Record each transaction. The company...
Options; Accounts Payable, Equipment, Common Shares, Cash, Rent
Expense, Supplies, No Transaction, Income Tax Expense, Unearned
Revenue, Accounts Receivable, Service Revenue.
Question 3 Transactions for Crane Ltd. for the month of June, its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $2,550 cash 4 Purchased supplies on account for $256 7 Billed J. Kronsnoble $278 for welding work done. 18 Received partial payment of $192 from J. Kronsnoble for work billed...
partb) :partc)
also, need to find t account
for Accounts Payable, unearned revenue,W. Slowcombe
Capital, W. Slowcombe Drawings, Service Revenue,Salaries
Expense,Utilities Expense,Maintenance Expense
Question 4 Below is the trial balance of Slowcombe Services on September 30, 2021. SLOWCOMBE SERVICES Trial Balance September 30, 2021 Debit Credit Cash $8,550 Accounts receivable 2,210 Supplies 1,710 Equipment 7,710 Accounts payable $5,050 Unearned revenue 1,010 W. Slowcombe, capital 14,120 $20,180 $20,180 The October transactions were as follows: Oct. 5 10 15 17 20 29...
ERIES A connect All applicable Problems in Series A are available in Connect. Debit Problem 3-25A Identifying debit and credit balances Required Indicate whether each of the following accounts normally has a debit or credit balance: a. Interest Receivable h. Consulting Revenue 0. Dividends b. Interest Revenue i. Utilities Payable c. Prepaid Insurance j. Supplies q. Insurance Expense d. Land k. Service Revenue r. Accounts Receivable e. Salaries Payable 1. Accounts Payable s. Utilities Expense f. Salaries Expense m. Operating...
3) Cash Service Revenue Salaries Expense Accounts Payable C Retained Earnings Utilities Expense Accounts Receivable Common Stock Dividends How many of the above accounts have a normal debit balance? A) Six. C) Four D) Seven. 214) For a journal entry with only two lines, the following entry is valid: Increase in Revenue, Decrease in Expense A) True B) False 215) For a journal entry with only two lines, the following entry is valid Increase in Expense, Increase in Dividends. B)...
Debit Credit 54500 Accounts receivable 100 Supplies 590 $300 Accounts payable Unearned service revenue Common stock Retained earnings 3.100 56. 120 16.120 The company underwent a major expansion in July, New staff was hired and more facing was obtained Grouperconducted the following transactions during July 2022. and adjust counts monthly July 1 Purchased equipment paying $3.200 cash and signing a 2 year note payable for $17.200. The equipment has a 4-year useful . The note has a interest rate which...
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