Homework Answers
Adjusting entry
| No | General Journal | Debit | Credit |
| 1 | Account receivable | 800 | |
| Service revenue | 800 | ||
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The following information is available for Juxton Company for the year ended December 31, 2020: Accounts...
list of accounts Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 56,000 33,500 95,000 450,000 125,000 750,000 45,000 15,000 5,300 550,000 250,000 90,000 14,000 64,000 6,700...
The following accounts appeared on the trail balance of Ivanhoe Company at December 31, 2020. Accounts...
The following accounts appeared on the trail balance of Ivanhoe Company at December 31, 2020. Accounts Receivable Prepaid Insurance Common Stock Unappropriated Retained Earnings Inventory Land Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings $195,000 830,000 40,000 25,000 230,000 110,000 1,200,000 7,500 185,000 140,000 165,000 800,000 240,000 $530,000 51,000...
The following information is available for Elwes Company for the year ended December 31, 2021: Accounts...
The following information is available for Elwes Company for the year ended December 31, 2021: Accounts payable Accumulated depreciation - equipment Common Stock Retained earnings Intangible assets Notes payable (due in 5 years) Accounts receivable Cash Short-term investments Equipment Long-term investments $3,800 4,000 5,000 4,300 2,300 5,000 1,500 2,800 1,000 8,800 5,700 Use the above information to prepare a classified balance sheet for the year ended December 31, 2021. (List Current Assets in order of liquidity.) ELWES COMPANY Balance Sheet...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020....
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 38,900 $ 27,000 $ 93,600 $ 234,000 $ 89,000 $ 300,000 $ 23,000 $ 20,000 $ 4,000 $ 200,000 $ 250,000 $ 98,000 $ 26,000 $ 53,000 $ 8.000 $ 120,000...
Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019....
Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019. Long-term investments Notes payable, long-term Prepaid insurance Wages payable Common Stock Equipment Land Interest payable Interest expense Income tax payable Cost of goods sold Cash Accounts payable Buildings Accumulated depreciation Dividends General and administrative expenses Accounts receivable Inventory Notes payable, current portion Selling expenses Trademarks Sales revenue Income tax expense Supplies Retained earnings, Jan. 1, 2019 $26,250 208,500 5,250 13,500 225,000 183,750 26,250 10,500...
The following items are taken from the financial statements of Smith Company for 2020: Accounts payable &
The following items are taken from the financial statements of Smith Company for 2020: Accounts payable $18,500 Accounts receivable 8,000 Accumulated depreciation-equipment 4,800 Bonds payable 18,000 Cash 24,000 Short-term Investment 10,000 Common stock 25,000 Cost of goods sold 27,000 Depreciation expense 4,800 Dividends 5,300 Equipment 44,000 Interest expense 2,500 Patents 7,500 Retained earnings, January 1 16,000 Salaries and wages expense 5,200 Sales revenue 50,500 Supplies 4,500 compute current ration (rounded in two decimal places).
Required information [The following information applies to the questions displayed below.) Stark company has the following...
Required information [The following information applies to the questions displayed below.) Stark company has the following adjusted accounts and balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 7,500 Buildings 1,800 Dividends 10,000 Depreciation expense-Buildings 14,800 Supplies 20,000 $ 15,000 4,000 1,300 100...
The adjusted trial balance for Bay Shore Tax Accountants for the year-ended December 31, 2020 is...
The adjusted trial balance for Bay Shore Tax Accountants for the year-ended December 31, 2020 is included below. Only use the information below to answer the question. Do NOT rely on information provided in another question. Bay Shore Tax Accountants Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 40,000 $ 18,000 $ 270,000 $ 86,000 $ 900,000 $ 120,600 $ 720,000 $ 81,000 $ 28,000 $ 330,000 $ 729,000 $ 33,100 $ 72,600 Accounts Payable Accounts Receivable...
Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019....
Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019. Long-term investments Notes payable, long-term Prepaid insurance Wages payable Common Stock Equipment Land Interest payable Interest expense Income tax payable Cost of goods sold Cash Accounts payable Buildings Accumulated depreciation Dividends General and administrative expenses Accounts receivable Inventory Notes payable, current portion Selling expenses Trademarks Sales revenue Income tax expense Supplies Retained earnings, Jan. 1, 2019 $26,250 208,500 5,250 13,500 225,000 183,750 26,250 10,500...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 56,000 33,500 95,000 450,000 125,000 750,000 45,000 15,000 5,300 550,000 250,000 90,000 14,000 64,000 6,700...
The following accounts appeared on the trail balance of Ivanhoe Company at December 31, 2020. Accounts Receivable Prepaid Insurance Common Stock Unappropriated Retained Earnings Inventory Land Notes Payable (short-term) Accumulated Depreciation - Bldg. Supplies Salaries and Wages Payable Debt Investments (long-term) Cash Bonds Payable Due 1/1/2028 Allowance for Doubtful Accts. Copyrights Notes Receivable (due in 6 months) Income Taxes Payable Preferred Stock Appropriated Retained Earnings $195,000 830,000 40,000 25,000 230,000 110,000 1,200,000 7,500 185,000 140,000 165,000 800,000 240,000 $530,000 51,000...
The following information is available for Elwes Company for the year ended December 31, 2021: Accounts payable Accumulated depreciation - equipment Common Stock Retained earnings Intangible assets Notes payable (due in 5 years) Accounts receivable Cash Short-term investments Equipment Long-term investments $3,800 4,000 5,000 4,300 2,300 5,000 1,500 2,800 1,000 8,800 5,700 Use the above information to prepare a classified balance sheet for the year ended December 31, 2021. (List Current Assets in order of liquidity.) ELWES COMPANY Balance Sheet...
Refer to the list of the accounts and balances below for the year-ended December 31, 2020. Accounts Payable Accounts Receivable Accumulated Depreciation - Building Building Cash Common Stock Depreciation Expense Dividends Interest Payable Land Notes Payable Supplies Supplies Expense Unearned Sales Revenue Utilities Expense Wages Expense Wages Payable $ 38,900 $ 27,000 $ 93,600 $ 234,000 $ 89,000 $ 300,000 $ 23,000 $ 20,000 $ 4,000 $ 200,000 $ 250,000 $ 98,000 $ 26,000 $ 53,000 $ 8.000 $ 120,000...
Required information [The following information applies to the questions displayed below.) Stark company has the following adjusted accounts and balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 7,500 Buildings 1,800 Dividends 10,000 Depreciation expense-Buildings 14,800 Supplies 20,000 $ 15,000 4,000 1,300 100...
The adjusted trial balance for Bay Shore Tax Accountants for the year-ended December 31, 2020 is included below. Only use the information below to answer the question. Do NOT rely on information provided in another question. Bay Shore Tax Accountants Adjusted Trial Balance December 31, 2020 US Dollar Debit Credit $ 40,000 $ 18,000 $ 270,000 $ 86,000 $ 900,000 $ 120,600 $ 720,000 $ 81,000 $ 28,000 $ 330,000 $ 729,000 $ 33,100 $ 72,600 Accounts Payable Accounts Receivable...
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