Homework Answers
| ZIP Storage as on 31 December 2021 | ||||||
| Unadjusted Trial Balance | Unadjusted Trial Balance | Unadjusted Trial Balance | Adjustments | Adjustments | Adjusted Trial Balance | Adjusted Trial Balance |
| Accounts | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. |
| Cash | 24600 | 225500 | -146300 | 103800 | ||
| Account Receivable | 15400 | 700 | 16100 | |||
| Prepaid Insurance | 12000 | -12000 | 0 | |||
| Land | 148000 | 0 | 148000 | |||
| Account Payable | 6700 | -2200 | 4500 | |||
| Deferred Revenue | 5800 | 12900 | 18700 | |||
| Common Stock | 143000 | 27000 | 170000 | |||
| Retained Earnings | 44500 | 44500 | ||||
| Dividend | 2800 | 2800 | ||||
| Service Revenue | 186300 | 186300 | ||||
| Property Taxes Expenses | 8500 | 8500 | ||||
| Salaries Expenses | 123600 | 123600 | ||||
| Insurance Expenses | 12000 | 12000 | ||||
| Supplies Expenses | 9200 | 9200 | ||||
| Total | 424000 | 424000 |
For Adjustment Figures Request to map Below Working NOtes:
| S. No. | Account | Increase | Decrease | Dr /Cr |
| 1 | Cash | 134100 | 0 | Dr |
| Service / Retianed Earnings | 186300 | 0 | Cr | |
| Account Receivable | 52200 | 0 | Dr | |
| 2 | Cash | 51500 | 0 | Dr |
| Account Receivable | 0 | -51500 | Cr | |
| 3 | Cash | 12900 | 0 | Dr |
| Deferred Revenue | 12900 | 0 | Cr | |
| 4 | Suplies | 9200 | 0 | Dr |
| Account Paybale | 9200 | 0 | Cr | |
| 5 | Property Taxes ( Retained Earings) | 0 | -8500 | Dr |
| Cash | 0 | -8500 | Cr | |
| 6 | Account Paybale | 0 | -11400 | Dr |
| Cash | 0 | -11400 | Cr | |
| 7 | Salaries ( Retained earnings ) | 0 | -123600 | Dr |
| Cash | 0 | -123600 | Cr | |
| 8 | Cash | 27000 | 0 | Dr |
| Common Stock | 27000 | 0 | Cr | |
| 9 | Dividended( Retained Earnings) | 0 | -2800 | Dr |
| Cash | 0 | -2800 | Cr |
Add Answer to:
also need the unadjusted trail balance as well as the adjusted
trail balance
please show me...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: 18 Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $ 24,600 15,400 12,000 148,000 $ 6,700 5,800 143,000 44,500 $200,000 $200,000 The following is a summary of the transactions for the year: 52,660. 1. January 2. February 3. April 4. May 5. July 9 Provide storage services for cash, $134, 100, and on...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Debits $ 26,600 17,400 16,000 168,000 Accounts Credits Cash Accounts Receivable Prepaid Insurance Land $ 8,700 7,800 163,000 48,500 $228,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings $228,000 Totals The following is a summary of the transactions for the year: 1. January 2. February 12 Collect on accounts receivable, $53,500. 3. April 4. May 5. July 6. September 10 Pay on accounts...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
Record transactions, post journal entries, prepare an unadjusted and adjusted trial balance, prepare the income statement...
Record transactions, post journal entries, prepare an unadjusted
and adjusted trial balance, prepare the income statement and
balance for the year ended dec 31, 2018, record closing entries and
prepare a post-closing trial balance
The following information applies to the questions displayed below.) The general ledger of Zips Storage at January 1, 2018, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 24,600 15,400 12,000 148,000...
Q-4. Canena’s Marketing Company has the following adjusted trail balance at the end of the current...
Q-4. Canena’s Marketing Company has the following adjusted trail balance at the end of the current year. Cash dividends at $600 were declared at end of the year, and 500 additional shares of common stock ($.10 per value) were issued at the end of the year for $3,000 in cash (For a total at the end of the year of 800 shares). These effects are below. Adjusted Trail Balance (?) End of the current year (?) debit credit Cash ...
need help with the income statement amd balance sheet MC Lumiy Dolce Values from the General...
need help with the income statement amd balance sheet
MC Lumiy Dolce Values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Zips Storage Trial Balance December 31, 2021 Account Title Debit Credit is 111,800 Cash Accounts Receivable Supplies Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Total 20,100 3,700 5,800 156,000 6,100 7,700 186,000 97,600 297,400 297.400...
My Balance Sheet is Unbalanced.. I have no idea where I went wrong :( Can you...
My
Balance Sheet is Unbalanced.. I have no idea where I went wrong :(
Can you provde income statement to show ?
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,680 17,400 16,000 168,000 Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163.ee 48,500 $228,000 $228.000 The following is a summary of the transactions for the year: 1. January 9...
I need help with the balance sheet part The general ledger of Zips Storage at January...
I need help with the balance sheet part
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 25,400 16,200 13,600 156,000 $ 7,500 6,600 151,000 46,100 $211,200 Totals $211,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $142,100, and on account, $56,200. 2. February 12...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3....
need help with the income statement part The general ledger of Zips Storage at January 1,...
need help with the income statement part
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 25,400 16,200 13,600 156,000 $ 7,500 6,600 151,000 46,100 $211,200 Totals $211,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $142,100, and on account, $56,200. 2. February 12 Collect...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: 18 Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $ 24,600 15,400 12,000 148,000 $ 6,700 5,800 143,000 44,500 $200,000 $200,000 The following is a summary of the transactions for the year: 52,660. 1. January 2. February 3. April 4. May 5. July 9 Provide storage services for cash, $134, 100, and on...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Debits $ 26,600 17,400 16,000 168,000 Accounts Credits Cash Accounts Receivable Prepaid Insurance Land $ 8,700 7,800 163,000 48,500 $228,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings $228,000 Totals The following is a summary of the transactions for the year: 1. January 2. February 12 Collect on accounts receivable, $53,500. 3. April 4. May 5. July 6. September 10 Pay on accounts...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
Record transactions, post journal entries, prepare an unadjusted
and adjusted trial balance, prepare the income statement and
balance for the year ended dec 31, 2018, record closing entries and
prepare a post-closing trial balance
The following information applies to the questions displayed below.) The general ledger of Zips Storage at January 1, 2018, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 24,600 15,400 12,000 148,000...
need help with the income statement amd balance sheet
MC Lumiy Dolce Values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Zips Storage Trial Balance December 31, 2021 Account Title Debit Credit is 111,800 Cash Accounts Receivable Supplies Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Total 20,100 3,700 5,800 156,000 6,100 7,700 186,000 97,600 297,400 297.400...
My
Balance Sheet is Unbalanced.. I have no idea where I went wrong :(
Can you provde income statement to show ?
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,680 17,400 16,000 168,000 Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163.ee 48,500 $228,000 $228.000 The following is a summary of the transactions for the year: 1. January 9...
I need help with the balance sheet part
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 25,400 16,200 13,600 156,000 $ 7,500 6,600 151,000 46,100 $211,200 Totals $211,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $142,100, and on account, $56,200. 2. February 12...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3....
need help with the income statement part
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $ 25,400 16,200 13,600 156,000 $ 7,500 6,600 151,000 46,100 $211,200 Totals $211,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $142,100, and on account, $56,200. 2. February 12 Collect...
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