Homework Answers
| Solution: | |||||
| Journal Entries | |||||
| Sr. No. | Date | Account Title and Explanation | Debit | Credit | |
| 1 | End of First Yewar | Supplie Expenses(($ 3,100 - $ 500) | $ 2,600 | ||
| Supplies | $ 2,600 | ||||
| (To Record the Supply Expenses) | |||||
| 2 | End of First Yewar | Uneaned Service Revenue | $ 2,900 | ||
| Service Revenue | $ 2,900 | ||||
| (To Record the service revenue earned) | |||||
| 3 | End of First Yewar | Rent Expenses | $ 400 | ||
| Prepaid Rent | $ 400 | ||||
| (To Record the rent Expenses) | |||||
| 4 | End of First Yewar | Deprciation Expenses | $ 2,750 | ||
| Accumulated Depreciation - Equipment | $ 2,750 | ||||
| (To Record the depreciation expenses) | |||||
Add Answer to:
At the end of its first year, the trial balance of Rayburn Company shows Equipment $22.000...
The unadjusted trial balance of Cullumber Exposure Inc. had these balances for the following select accounts:...
The unadjusted trial balance of Cullumber Exposure Inc. had these balances for the following select accounts: Supplies $2,790, Unearned Service Revenue $7,380, and Prepaid Rent $1,080. At the end of the period, 1. A count showed $450 of supplies on hand. 2. Services of $2,610 had been performed related to the unearned revenue account. 3. One month's worth of rent, worth $360, had been consumed by Cullumber Exposure. Record the required adjusting entries related to these events. (Credit account titles...
The unadjusted trial balance of Ivanhoe Exposure Inc. had these balances for the following select accounts:...
The unadjusted trial balance of Ivanhoe Exposure Inc. had these balances for the following select accounts: Supplies $4,000, Unearned Service Revenue $8,950, and Prepaid Rent $2,100. At the end of the period, 1. A count showed $840 of supplies on hand. 2. Services of $3,800 had been performed related to the unearned revenue account 3. One month's worth of rent, worth $580, had been consumed by Ivanhoe Exposure. Record the required adjusting entries related to these events. (If no entry...
1) At the end of its first year, the trial balance of Nygaard Company shows Equipment...
1) At the end of its first year, the trial balance of Nygaard
Company shows Equipment $30,200 and zero balances in Accumulated
Depreciation—Equipment and Depreciation Expense. Depreciation for
the year is estimated to be $4,700.
Prepare the adjusting entry for depreciation at December 31.
**THE RED AREA IS WHERE I NEED HELP**
2) Ritter Advertising Company’s trial balance at December 31
shows Supplies $7,500 and Supplies Expense $0. On December 31,
there are $2,900 of supplies on hand.
Prepare the...
he unadjusted trial balance of Blossom Exposure Inc. had these balances for the following select accounts:...
he unadjusted trial balance of Blossom Exposure Inc. had these
balances for the following select accounts: Supplies $4,250,
Unearned Service Revenue $9,200, and Prepaid Rent $2,350.
At the end of the period,
1. A count showed $940 of supplies on hand.
2. Services of $4,050 had been performed related to the unearned
revenue account
3. One month’s worth of rent, worth $630, had been consumed by
Blossom Exposure.
Record the required adjusting entries related to these events.
(If no entry...
3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September...
3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September 1, 20x1 Credit Balances Debit Balances $4,900 2,300 8.400 27.000 Account Names Cash Accounts receivable Office supplies Equipment Accumulated depreciation - equipment Salaries payable Interest payable Unearned rent revenue Common stock Retained earnings Rent revenue Supplies expense Salary expense Interest expense Depreciation expense - equipment Totals $6,400 500 2,900 4,200 8,000 15,300 7,000 800 900 $44,300 $44,300 The adjusting entry information is as follows:...
3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September...
3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September 1, 20x1 Credit Balances Debit Balances $4,900 2,300 8.400 27.000 Account Names Cash Accounts receivable Office supplies Equipment Accumulated depreciation - equipment Salaries payable Interest payable Unearned rent revenue Common stock Retained earnings Rent revenue Supplies expense Salary expense Interest expense Depreciation expense - equipment Totals $6,400 500 2,900 4,200 8,000 15,300 7,000 800 900 $44,300 $44,300 The adjusting entry information is as follows:...
- At the end of its first year, the trial balance of Ivanhoe Company shows Equipment...
- At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $22.440 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,805. (a1) Prepare the annual adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (a2). Post the adjustments to T-accounts. (Post entries in the...
At the end of its first year, the trial balance of Oriole Company shows Equipment $34,700...
At the end of its first year, the trial balance of Oriole Company shows Equipment $34,700 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,660. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the balance...
At the end of its first year, the trial balance of Oriole Company shows Equipment $32,600...
At the end of its first year, the trial balance of Oriole Company shows Equipment $32,600 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,770. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation--Equipment Indicate the balance sheet...
At the end of its first year, the trial balance of Pharoah Company shows Equipment $32,900...
At the end of its first year, the trial balance of Pharoah Company shows Equipment $32,900 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,600. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the balance...
The unadjusted trial balance of Cullumber Exposure Inc. had these balances for the following select accounts: Supplies $2,790, Unearned Service Revenue $7,380, and Prepaid Rent $1,080. At the end of the period, 1. A count showed $450 of supplies on hand. 2. Services of $2,610 had been performed related to the unearned revenue account. 3. One month's worth of rent, worth $360, had been consumed by Cullumber Exposure. Record the required adjusting entries related to these events. (Credit account titles...
The unadjusted trial balance of Ivanhoe Exposure Inc. had these balances for the following select accounts: Supplies $4,000, Unearned Service Revenue $8,950, and Prepaid Rent $2,100. At the end of the period, 1. A count showed $840 of supplies on hand. 2. Services of $3,800 had been performed related to the unearned revenue account 3. One month's worth of rent, worth $580, had been consumed by Ivanhoe Exposure. Record the required adjusting entries related to these events. (If no entry...
1) At the end of its first year, the trial balance of Nygaard
Company shows Equipment $30,200 and zero balances in Accumulated
Depreciation—Equipment and Depreciation Expense. Depreciation for
the year is estimated to be $4,700.
Prepare the adjusting entry for depreciation at December 31.
**THE RED AREA IS WHERE I NEED HELP**
2) Ritter Advertising Company’s trial balance at December 31
shows Supplies $7,500 and Supplies Expense $0. On December 31,
there are $2,900 of supplies on hand.
Prepare the...
he unadjusted trial balance of Blossom Exposure Inc. had these
balances for the following select accounts: Supplies $4,250,
Unearned Service Revenue $9,200, and Prepaid Rent $2,350.
At the end of the period,
1. A count showed $940 of supplies on hand.
2. Services of $4,050 had been performed related to the unearned
revenue account
3. One month’s worth of rent, worth $630, had been consumed by
Blossom Exposure.
Record the required adjusting entries related to these events.
(If no entry...
3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September 1, 20x1 Credit Balances Debit Balances $4,900 2,300 8.400 27.000 Account Names Cash Accounts receivable Office supplies Equipment Accumulated depreciation - equipment Salaries payable Interest payable Unearned rent revenue Common stock Retained earnings Rent revenue Supplies expense Salary expense Interest expense Depreciation expense - equipment Totals $6,400 500 2,900 4,200 8,000 15,300 7,000 800 900 $44,300 $44,300 The adjusting entry information is as follows:...
3B-5. Below is the unadjusted trial balance of JUPITER Incorporated: JUPITER INCORPORATED Unadjusted Trial Balance September 1, 20x1 Credit Balances Debit Balances $4,900 2,300 8.400 27.000 Account Names Cash Accounts receivable Office supplies Equipment Accumulated depreciation - equipment Salaries payable Interest payable Unearned rent revenue Common stock Retained earnings Rent revenue Supplies expense Salary expense Interest expense Depreciation expense - equipment Totals $6,400 500 2,900 4,200 8,000 15,300 7,000 800 900 $44,300 $44,300 The adjusting entry information is as follows:...
- At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $22.440 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,805. (a1) Prepare the annual adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (a2). Post the adjustments to T-accounts. (Post entries in the...
At the end of its first year, the trial balance of Oriole Company shows Equipment $34,700 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,660. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the balance...
At the end of its first year, the trial balance of Oriole Company shows Equipment $32,600 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,770. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation--Equipment Indicate the balance sheet...
At the end of its first year, the trial balance of Pharoah Company shows Equipment $32,900 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,600. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the balance...
Most questions answered within 3 hours.
-
A speeding car is traveling along a straight road with a
constant speed of 100 km/hour....
asked 2 minutes ago -
When 60.1 gg of calcium is reacted with nitrogen gas, 31.7 gg of
calcium nitride is...
asked 7 minutes ago -
The random variable X is exponentially distributed, where X
represents the time it takes for a...
asked 22 minutes ago -
a) Write a verilog module for 1:4 Demultiplexer using verilog
primitives.
b) Design 1-to-4 DEMUX using...
asked 17 minutes ago -
MATLAB
write a MATLAB function (1) output a third-order polynomial
function with the coefficients as the...
asked 29 minutes ago -
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 38 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 37 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 40 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 40 minutes ago -
A helium balloon with 2.5L of gas has a gauge pressure of 10,000
Pa. The balloon...
asked 45 minutes ago -
What is responsible for Jupiter's enormous magnetic field?
asked 1 hour ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 1 hour ago