Homework Answers
Cash Account
| Particular | Amount | Particulars | Amount |
| Beginning balance | 9400 | Salaries a/c | 9400 |
| Debtors a/c | 15400 | Rent a/c | 3400 |
| Sale of equipment | 8400 | Utility expenses | 1400 |
| Bank loan | 4400 | Advertising expenses | 7400 |
| Purchase a/c | 3400 | ||
| Ending balance ( balaning figure) | 12600 | ||
| TOTAL | 37600 | TOTAL | 37600 |
Explanation:
In preparing above cash T-Account 3 golden rules of accouting are followed.
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Consider the following transactions. 1. Receive cash from customers, $15,400. 2. Pay cash for employee salaries,...
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries,...
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive cash from sale of equipment, $8,60o 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan, $4,600. 7. Pay cash for advertising, $7,600. 8. Purchase supplies on account, $3,600. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 11,600 (1) 9,600 15,600 8,600 4,600 3,600 1,600...
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from...
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $16,900. 2. Pay cash for employee salaries, $10,900. 3. Pay cash for rent, $4,900. 4. Receive cash from sale of equipment, $9,900. 5. Pay cash for utilities, $2,900. 6. Receive cash from a bank loan, $5,900. 7. Pay cash for advertising, $8,900. 8. Purchase supplies on account, $4,900. Required: Post transactions to the Cash T-account and calculate the ending balance. Answer is not...
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from...
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600 4. Receive cash from sale of equipment, $8,600. 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan. $4,600 7. Pay cash for advertising, $7,600 8. Purchase supplies on account, $3,600 Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal....
Help with the T accounts! So far it like the numbers put into from balance sheet...
Help with the T accounts! So far it like the numbers put into
from balance sheet and Income is incorrect!
Required Information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) (The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances: Credits Debits $ 3,850 8,850 2,850 23,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common...
Problem 2-8B Complete the steps in the measurement of external transactions (L02-4, 2-5, 2-6) [The following...
Problem 2-8B Complete the steps in the measurement of external transactions (L02-4, 2-5, 2-6) [The following information applies to the questions displayed below.) Buckeye Incorporated had the following balances at the beginning of November. BUCKEYE INCORPORATED Trial Balance November 1 Accounts Debits Credits Cash $1,200 Accounts Receivable 400 Supplies 500 Equipment 7,400 Accounts Payable $1,000 Notes Payable 2,000 Common Stock 5,000 Retained Earnings 1,500 Totals $9,500 $ 9,500 The following transactions occur in November November 1 Issue common stock in...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5,...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipment for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month....
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The...
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Bollermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipnent for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month. 5. September...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5,...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8, 200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September...
! Required information [The following information applies to the questions displayed below.) Boilermaker House Painting Company...
! Required information [The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,000 on account. 2. September 8 Purchase painting equipment for $18,000 cash. 3. September 12 Purchase office supplies on account for $2,900. 4. September 15 Pay employee salaries of $3,600 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash....
OOptions for T-charts are: cash, accts recieveable, supplies, land, accts payable, notes payable, common stock, retained...
OOptions for T-charts are:
cash, accts recieveable, supplies, land, accts payable, notes
payable, common stock, retained earnings, dividends, service rev,
rent expense, salaries expense, advertising expense, utilities
expense
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September....
Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600. 4. Receive cash from sale of equipment, $8,60o 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan, $4,600. 7. Pay cash for advertising, $7,600. 8. Purchase supplies on account, $3,600. Required: Post transactions to the Cash T-account and calculate the ending balance. Cash Beg. bal. 11,600 (1) 9,600 15,600 8,600 4,600 3,600 1,600...
Exercise 2-14A Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $16,900. 2. Pay cash for employee salaries, $10,900. 3. Pay cash for rent, $4,900. 4. Receive cash from sale of equipment, $9,900. 5. Pay cash for utilities, $2,900. 6. Receive cash from a bank loan, $5,900. 7. Pay cash for advertising, $8,900. 8. Purchase supplies on account, $4,900. Required: Post transactions to the Cash T-account and calculate the ending balance. Answer is not...
Exercise 2-14 Post transactions to Cash T-account (LO2-5) Consider the following transactions. 1. Receive cash from customers, $15,600. 2. Pay cash for employee salaries, $9,600. 3. Pay cash for rent, $3,600 4. Receive cash from sale of equipment, $8,600. 5. Pay cash for utilities, $1,600. 6. Receive cash from a bank loan. $4,600 7. Pay cash for advertising, $7,600 8. Purchase supplies on account, $3,600 Required: Post transactions to the Cash T-account and calculate the ending balance Cash Beg. bal....
Help with the T accounts! So far it like the numbers put into
from balance sheet and Income is incorrect!
Required Information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) (The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances: Credits Debits $ 3,850 8,850 2,850 23,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common...
Problem 2-8B Complete the steps in the measurement of external transactions (L02-4, 2-5, 2-6) [The following information applies to the questions displayed below.) Buckeye Incorporated had the following balances at the beginning of November. BUCKEYE INCORPORATED Trial Balance November 1 Accounts Debits Credits Cash $1,200 Accounts Receivable 400 Supplies 500 Equipment 7,400 Accounts Payable $1,000 Notes Payable 2,000 Common Stock 5,000 Retained Earnings 1,500 Totals $9,500 $ 9,500 The following transactions occur in November November 1 Issue common stock in...
Required information Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipment for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month....
Exercise 2-20A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Bollermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,500 on account. 2. September 8 Purchase painting equipnent for $18,500 cash. 3. September 12 Purchase office supplies on account for $3,000. 4. September 15 Pay employee salaries of $3,700 for the current month. 5. September...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8, 200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September...
! Required information [The following information applies to the questions displayed below.) Boilermaker House Painting Company incurs the following transactions for September. 1. September 3 Paint houses in the current month for $17,000 on account. 2. September 8 Purchase painting equipment for $18,000 cash. 3. September 12 Purchase office supplies on account for $2,900. 4. September 15 Pay employee salaries of $3,600 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,000 cash....
OOptions for T-charts are:
cash, accts recieveable, supplies, land, accts payable, notes
payable, common stock, retained earnings, dividends, service rev,
rent expense, salaries expense, advertising expense, utilities
expense
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September....
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