As we are told to do 4 question from the asked ones -
1. Journal Entries -
2. Ledgers -
3. Unadjusted Trial Balance -
Apr 1 2 5 Paid rent on office for month, 56,000. Purchased office supplies on account,...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2043, follows: CREDIT Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2073 ACCOUNT TITLE DEBIT 1 Cash 25200.00 2 Accounts Receivable 62.500.00 3 Prepaid Insurance 2,500.00 4 Office Supplies 1,600.00 5 Accounts Payable 6 Common Stock 7 Retained Eamings 8 Dividends 2,100.00 9 Fees Eamed 10 Salary and Commission Expense 145,500.00 11 Rent Expense 27,000.00 12 Advertising Expense 16,600.00 13...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2043, follows: CREDIT Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2073 ACCOUNT TITLE DEBIT 1 Cash 25200.00 2 Accounts Receivable 62.500.00 3 Prepaid Insurance 2,500.00 4 Office Supplies 1,600.00 5 Accounts Payable 6 Common Stock 7 Retained Eamings 8 Dividends 2,100.00 9 Fees Eamed 10 Salary and Commission Expense 145,500.00 11 Rent Expense 27,000.00 12 Advertising Expense 16,600.00 13...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2016, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 25,300.00 2 Accounts Receivable 61,700.00 3 Prepaid Insurance 2,700.00 4 Office Supplies 2,000.00 5 Land 6 Accounts Payable 12,400.00 7 Unearned Rent 8 Notes Payable 9 Common Stock 10,000.00 10 Retained Earnings 37,100.00 11 Dividends 2,400.00 12 Fees Earned 238,000.00 13 Salary and...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2018, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 25,300.00 2 Accounts Receivable 58,500.00 3 Prepaid Insurance 3,400.00 4 Office Supplies 2,100.00 5 Accounts Payable 12,600.00 6 Common Stock 10,000.00 7 Retained Earnings 37,100.00 8 Dividends 2,400.00 9 Fees Earned 240,100.00 10 Salary and Commission Expense 147,600.00 11 Rent Expense 35,000.00 12...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2018, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 26,100.00 2 Accounts Receivable 59,400.00 3 Prepaid Insurance 3,100.00 4 Office Supplies 2,100.00 5 Accounts Payable 12,500.00 6 Common Stock 10,000.00 7 Retained Earnings 37,800.00 8 Dividends 2,000.00 9 Fees Earned 237,900.00 10 Salary and Commission Expense 147,600.00 11 Rent Expense 32,000.00 12...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2019, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 25,800.00 2 Accounts Receivable 60,800.00 3 Prepaid Insurance 3,200.00 4 Office Supplies 2,200.00 5 Land 6 Accounts Payable 13,000.00 7 Unearned Rent 8 Notes Payable 9 Lester Wagner, Capital 44,000.00 10 Lester Wagner, Drawing 2,400.00 11 Fees Earned 243,100.00 12 Salary and Commission...
Journal Entries and Trial Balance Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2019, follows: Elite Realty Unadjusted Trial Balance March 31, 2019 Account No. Debit Balances Credit Balances 11 Cash 12,970 12 Accounts Receivable 30,230 13 Prepaid Insurance 1,470 14 Office Supplies 880 16 Land — 21 Accounts Payable 8,550 22 Unearned Rent — 23 Notes Payable — 31 Lester Wagner, Capital 29,500 32 Lester Wagner,...
Instructions Chart of Accounts Journal T Accounts Unadjusted Trial Balance Final Questions Instructions On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct 1 2 3 4 5 6 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $40,000. Paid rent on office and equipment for the month, $4,800. Purchased supplies on account, $2,150. Paid creditor on account,...
Homework: Chapter 2 Homework HW Score: 76.29% , 15.26 Score: 1.26 of 4 pts 5 of 5 (5 complete) P2-38B (similar to) Question He The trial balance of Sheldon Mestler, CPA, is daled March 31, 2018 (Click the icon to view the March 31 trial balance ) During April, the business completed the following transactions (Cick the icon to view the transactions.) Read the requirements Paid cash expenses Requirement 2. The four-column ledger accounts listed in the trial balance, together...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Merry, Capital; Merry, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry 2. Open the four-column ledger accounts listed in the trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12, Office Supplies, 13, Land, 14; Furniture, 15; Automobile,...