Question:Thank you so much!
The following amounts summarize the financial position of Smith Computing, Inc., on...
Question
Thank you so much!
Thank you so much!
The following amounts summarize the financial position of Smith Computing, Inc., on...
The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: Click the icon to view the September 30, 2018 financial position) During October 2018, Smith Computing completed these transactions Click the icon to view the transactions) Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation Click the icon to view the completed accounting equation analysis.) Read the girements Requirement 1. Journalize the transactions of Smith Computing, Inc. (Record debits first, then credits Exclude explanations from any oumal entries.) a. The company received cash of 54,300 and issued common stock. Accounting Equation Analysis Journal Entry Accounts Stockholders' Equity Debit Credit (a) Common Stock II 6,100 4.300 Assets Liabilities Accounts Accounts Cash + Receivable + Supplies - Equipment = Payable + 2,250 3,500 11,700 7,800 4,300 (b) 6,200 c) (4,600 (c) (4,600) 1,400 1,400 e 1,200 (1,200) ( 4,300 al (1,700) Retained Type of Equity + Earnings Transaction 3,550 sued stoc 6,200 Service revenue 1. Performed services for a customer and received cash of $5,200. Journal Entry Accounts Debit Credit D (2.700) 4,300 Service revenue (1,300) Rent expense (400) Advertising expense (2,700) Dividends 9,650 24,650 th 4,950 1.400 11,700 4,600 10.400 e. Paid $4,600 on accounts payable 6,600 24,650 Total Journal Entry Accounts Debit Credit Print Done 1 September 30, 2018 financial position d. Purchased supplies on account. $1,400. Journal Entry Accounts Stockholders' Equity Debit Credit Assals = Libes Accounts Accounts + Receivable + Supplies - Equipment = Payable 3.500 11,700 7,800 ( Cash Common Stock 6.100 Retained + Eaming 3.550 Bal 2,250 Choose from any ist or enter any number in the input fields and then continue to the next question Print Done
Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation. (Click the icon to view the completed accounting equation analysis.) The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018|financial position.) During October 2018, Smith Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements 0 Accounting Equation Analysis Requirement 1. Journalize the transactions...
The following amounts summarize the financial position of Willis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Willis Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Willis Computing, Inc Enter the transactions in the accounting equation, beginning with transaction "a" For transactions that affect stockholders' equity, select the...
a-h
are the transactions and then the a-h on the first part just go
with the transactions
The following out the financial position of Swth Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 francial position) During October 2018. Smith Computing completed these transactions Cick the icon to view the transactions) Read the requirements Requirement 1. Au the affects of the preceding transactions on the accounting equation of Smith Computing, Inc Enter the transactions...
Journal entries, t-accounts and Trial balance
Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
Harry Smith operates a roller skating center. He has just received the monthly bank statement at September 30 from Citizen National Bank, and the statement shows an ending balance of $730. Listed on the statement are an EFT rent collecion or s300, a service charge Of 39, h ng $120, and a $10 charge tor prin ng his cash records, Smi ce ofS3.0 cks totaling $605 and a September 30 deposit in а part September 5300 check salary employee as...
September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies - Equipment 3,400 12,400 Liabilities + Accounts Payable + 8,2005 Stockholders' Equity Common Retained Stock + Earnings ,500 4.400 = Cash 2,300 Bal Print Done Transactions a. The company received cash of $4,300 and issued common stock b. Performed services for a customer and received cash of $6,100. c. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. e. Collected cash from a customer...
0 September 30, 2018 financial position Assets = + Liabilities Accounts Payable 8,100 Accounts + Receivable + 3,500 Stockholders' Equity Common Retained Stock + Earnings 6,500 3,450 Supplies = Cash 2,250 + + Equipment 12,300 Bal Print Done i Transactions a. The company received cash of $3,800 and issued common stock b. Performed services for a customer and received cash of $6,000 c. Paid $4,400 on accounts payable d. Purchased supplies on account, $1,100. e. Collected cash from a customer...
4 September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies 3,500 Liabilities Accounts Payable 7,600 Stockholders' Equity Common Retained Stock + Earnings 6.200 3.850 = + Cash Bal 2,150 - Equipment 12,000 Print Done A Transactions a. The company received cash of $4,100 and issued common stock. b. Performed services for a customer and received cash of $6,100. c. Paid $4,100 on accounts payable. d. Purchased supplies on account, $1,000. e. Collected cash from a...
The following is a list of accounts and adjusted amounts for
Rollcom, Inc., for the fiscal year ended September 30, 2018. The
accounts have normal debit or credit balances.
Accounts Payable
$
39,300
Accounts Receivable
66,700
Accumulated Depreciation
21,700
Cash
80,500
Common Stock
95,000
Equipment
90,900
Income Tax Expense
10,520
Notes Payable (long-term)
1,520
Office Expenses
6,320
Rent Expense
164,400
Retained Earnings
99,880
Salaries and Wages Expense
128,900
Sales Revenue
326,240
Supplies
35,400
Prepare the closing entry required at September...
This is a lot, but I am seriously lost. Any help would be much
appreciated.
The trial balance of Nina's Novelty, Inc., at September 30,
2018, and the data needed for the month-end adjustments
follow:
Data Table Credit Trial Balance September 30, 2018 Account Cash $ Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Debit 18,800 31,100 3,100 2,000 72,400 $ 34,100 3,500 Unearned service revenue Common stock Retained earnings 3,200 55,000 23,400 Dividends 4,500...
Thank you so much!
Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation. (Click the icon to view the completed accounting equation analysis.) The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018|financial position.) During October 2018, Smith Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements 0 Accounting Equation Analysis Requirement 1. Journalize the transactions...
The following amounts summarize the financial position of Willis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Willis Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Willis Computing, Inc Enter the transactions in the accounting equation, beginning with transaction "a" For transactions that affect stockholders' equity, select the...
a-h
are the transactions and then the a-h on the first part just go
with the transactions
The following out the financial position of Swth Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 francial position) During October 2018. Smith Computing completed these transactions Cick the icon to view the transactions) Read the requirements Requirement 1. Au the affects of the preceding transactions on the accounting equation of Smith Computing, Inc Enter the transactions...
Journal entries, t-accounts and Trial balance
Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
Harry Smith operates a roller skating center. He has just received the monthly bank statement at September 30 from Citizen National Bank, and the statement shows an ending balance of $730. Listed on the statement are an EFT rent collecion or s300, a service charge Of 39, h ng $120, and a $10 charge tor prin ng his cash records, Smi ce ofS3.0 cks totaling $605 and a September 30 deposit in а part September 5300 check salary employee as...
September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies - Equipment 3,400 12,400 Liabilities + Accounts Payable + 8,2005 Stockholders' Equity Common Retained Stock + Earnings ,500 4.400 = Cash 2,300 Bal Print Done Transactions a. The company received cash of $4,300 and issued common stock b. Performed services for a customer and received cash of $6,100. c. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. e. Collected cash from a customer...
0 September 30, 2018 financial position Assets = + Liabilities Accounts Payable 8,100 Accounts + Receivable + 3,500 Stockholders' Equity Common Retained Stock + Earnings 6,500 3,450 Supplies = Cash 2,250 + + Equipment 12,300 Bal Print Done i Transactions a. The company received cash of $3,800 and issued common stock b. Performed services for a customer and received cash of $6,000 c. Paid $4,400 on accounts payable d. Purchased supplies on account, $1,100. e. Collected cash from a customer...
4 September 30, 2018 financial position - X = Assets Accounts + Receivable + Supplies 3,500 Liabilities Accounts Payable 7,600 Stockholders' Equity Common Retained Stock + Earnings 6.200 3.850 = + Cash Bal 2,150 - Equipment 12,000 Print Done A Transactions a. The company received cash of $4,100 and issued common stock. b. Performed services for a customer and received cash of $6,100. c. Paid $4,100 on accounts payable. d. Purchased supplies on account, $1,000. e. Collected cash from a...
The following is a list of accounts and adjusted amounts for
Rollcom, Inc., for the fiscal year ended September 30, 2018. The
accounts have normal debit or credit balances.
Accounts Payable
$
39,300
Accounts Receivable
66,700
Accumulated Depreciation
21,700
Cash
80,500
Common Stock
95,000
Equipment
90,900
Income Tax Expense
10,520
Notes Payable (long-term)
1,520
Office Expenses
6,320
Rent Expense
164,400
Retained Earnings
99,880
Salaries and Wages Expense
128,900
Sales Revenue
326,240
Supplies
35,400
Prepare the closing entry required at September...
This is a lot, but I am seriously lost. Any help would be much
appreciated.
The trial balance of Nina's Novelty, Inc., at September 30,
2018, and the data needed for the month-end adjustments
follow:
Data Table Credit Trial Balance September 30, 2018 Account Cash $ Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable Debit 18,800 31,100 3,100 2,000 72,400 $ 34,100 3,500 Unearned service revenue Common stock Retained earnings 3,200 55,000 23,400 Dividends 4,500...