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Question 34 4.75 pts Based on the debits and credits shown below, what is the new...
Question 37 4.75 pts Question: Based on the Statement of Stockholders' Equity you prepared on your...
Question 37 4.75 pts Question: Based on the Statement of Stockholders' Equity you prepared on your scratch paper from the previous problem, what is the ending balance as of 12/31 for the Common Stock Account column? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only...
Question 32 4.75 pts The beginning balance in the cash account is $1,000 before the journal...
Question 32 4.75 pts The beginning balance in the cash account is $1,000 before the journal entries listed below are posted to their general ledger accounts. After these journal entries are posted to the general ledger, what would be the ending balance in the Cash Account? Credit Date 1/3 Accounts Equipment Debit 2,340 Accounts Payable 2,340 1/5 Rent Expense 300 Cash 300 1/15 Cash 581 Service Revenue 581 1/31 Salaries Expense 370 Cash 370 Fill in the blank with your...
Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is...
Based on the accounts shown below in the Partial Adjusted Trial Balance dated 12/31/20xx, what is the total dollar ($) amount of the Debits? Account Name Normal Account Balance Cash $15,834 Accounts Receivable $80,000 Allowance for Uncollectible Accounts $1,169 Equipment $9,000 Retained Earnings $4,000 Common Stock $70,000 Revenue $40,928 Sales Discount $3,368 Cost of Goods Sold $3,000 Bad Debt Expense $5,000 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just...
Question 36 4.75 pts Statement of Stockholders' Equity - two (2) questions - This problem does...
Question 36 4.75 pts Statement of Stockholders' Equity - two (2) questions - This problem does NOT build on the preceding problem, the numbers in the Unadjusted Trial Balance are different Instructions:Please prepare a statement of Stockholders' Equity on your scratch paper based on the following Unadjusted Trial Balance and Additional Information below to answer this question and the next question. You will need to know the ending balance for the retained earnings account and the common stock account Unadjusted...
When the general ledger ending account balances (all balances are shown as normal balances) shown below...
When the general ledger ending account balances (all balances are shown as normal balances) shown below are used to build the Unadjusted Trial Balance, what will be the total in the debit column? Ending Account Balance after aggregation Cash Accounts Receivable Accounts Payable 5,000 $ 12,500 $ 6,700 Deferred Revenue Retained Earnings Common Stock 7,300 2,100 9,500 Service Revenue Utility Expense Salary Expense 5,000 400 700 Unadjusted Trial Balance As of 12/31/xx Accounts Debits Credits Totals ???? Fill in the...
Based on the debits and credits shown below, what is the new ending balance for the...
Based on the debits and credits shown below, what is the new ending balance for the Prepaid Rent account? Prepaid Rent Debit Credit $14,000 $4,000 7,000 2,000 2,000 4,000
Income Statement - one (1) question Instructions: Please prepare an Income Statement on your scratch paper...
Income Statement - one (1) question Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial Balance. Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx? Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $5,400 Prepaid Rent 5,000 Supplies 4,900 Building 8,744 Accounts Payable $1,900 Deferred Revenue 1,400 Common Stock 2.100 Retained Earnings 14,600 Revenue...
Question 2 (30 points, 5 points each) Show the debits and credits for the transactions listed below. The accounts to use to fil in the table are as follows: cash, accounts payable, raw materials inve...
Question 2 (30 points, 5 points each) Show the debits and credits for the transactions listed below. The accounts to use to fil in the table are as follows: cash, accounts payable, raw materials inventory, work in progress, finished goods inventory, cost of goods sold, sales revenue, and accounts receivable. Indicate whether the accounts go up or down and how much do they change by following the example given below Example: Order and receive $2,000 of steel from a supplier...
Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable...
Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 30,000 31,000 0 50,000 0 2,000 60,000 28,500 4,000 146,000 0...
Use the adjusted trial balance for Stockton Company below to answer the question that follow. Stockton...
Use the adjusted trial balance for Stockton Company below to answer the question that follow. Stockton Company Adjusted Trial Balance December 31 Cash 6,000 Accounts Receivable 2,100 Prepaid Expenses 1,000 Supplies 500 Equipment 150,000 Accumulated Depreciation 15,000 Accounts Payable 6,200 Unearned Fees 4,000 Notes Payable 14,000 Bob Steely, Capital 19,000 Bob Steely, Withdrawals 8,000 Fees Earned 154,900 Wages Expense 25,000 Rent Expense 12,000 Utilities Expense 3,400 Depreciation Expense 5,000 Miscellaneous Expense 100 Totals 213,100 213,100 In the space below, calculate:...
Question 37 4.75 pts Question: Based on the Statement of Stockholders' Equity you prepared on your scratch paper from the previous problem, what is the ending balance as of 12/31 for the Common Stock Account column? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only...
Question 32 4.75 pts The beginning balance in the cash account is $1,000 before the journal entries listed below are posted to their general ledger accounts. After these journal entries are posted to the general ledger, what would be the ending balance in the Cash Account? Credit Date 1/3 Accounts Equipment Debit 2,340 Accounts Payable 2,340 1/5 Rent Expense 300 Cash 300 1/15 Cash 581 Service Revenue 581 1/31 Salaries Expense 370 Cash 370 Fill in the blank with your...
Question 36 4.75 pts Statement of Stockholders' Equity - two (2) questions - This problem does NOT build on the preceding problem, the numbers in the Unadjusted Trial Balance are different Instructions:Please prepare a statement of Stockholders' Equity on your scratch paper based on the following Unadjusted Trial Balance and Additional Information below to answer this question and the next question. You will need to know the ending balance for the retained earnings account and the common stock account Unadjusted...
When the general ledger ending account balances (all balances are shown as normal balances) shown below are used to build the Unadjusted Trial Balance, what will be the total in the debit column? Ending Account Balance after aggregation Cash Accounts Receivable Accounts Payable 5,000 $ 12,500 $ 6,700 Deferred Revenue Retained Earnings Common Stock 7,300 2,100 9,500 Service Revenue Utility Expense Salary Expense 5,000 400 700 Unadjusted Trial Balance As of 12/31/xx Accounts Debits Credits Totals ???? Fill in the...
Income Statement - one (1) question Instructions: Please prepare an Income Statement on your scratch paper based on the following Unadjusted Trial Balance. Question: Based on the Income Statement you prepared on your scratch paper, what is the Net Income on the Income Statement for the period ending 12/31/xx? Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $5,400 Prepaid Rent 5,000 Supplies 4,900 Building 8,744 Accounts Payable $1,900 Deferred Revenue 1,400 Common Stock 2.100 Retained Earnings 14,600 Revenue...
Question 2 (30 points, 5 points each) Show the debits and credits for the transactions listed below. The accounts to use to fil in the table are as follows: cash, accounts payable, raw materials inventory, work in progress, finished goods inventory, cost of goods sold, sales revenue, and accounts receivable. Indicate whether the accounts go up or down and how much do they change by following the example given below Example: Order and receive $2,000 of steel from a supplier...
Credits Debits 30,000 40,000 1,500 60,000 20,000 0 2,000 6,000 80,000 Account Title Cash Accounts receivable Supplies Inventory Notes receivable Interest receivable Prepaid rent Prepaid insurance Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Interest payable Deferred sales revenue Common stock Retained earnings Dividends Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Supplies expense Insurance expense Advertising expense Totals 30,000 31,000 0 50,000 0 2,000 60,000 28,500 4,000 146,000 0...
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