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Presented below are the year-end balances at December 31 of Clyde Barrell Repair. (All accounts have...
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...
Below are accounts with account balances (excluding the balance in the Retained earnings account) for Anton...
Below are accounts with account balances (excluding the balance in the Retained earnings account) for Anton Corporation as of December 31, 20XX. The Retained earning account balance at January 1, 20XX was $293,800. Chapter 4 Question 1: (1 point) Required: What is the amount of the total expenses? Omit $ signs. Chapter 4 Question 2: (1 point) Required: In the first closing entry, for what amount would Retained earnings be credited? Omit $ signs. Chapter 4 Question 3: (2 points)...
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise Accounts Payable$7,200Rent Expense$3,000Accounts Receivable8,400Equipment74,500Wages Payable3,400Furniture16,600Prepaid Expenses500Notes Payable (due 12/31/13)40,900Dividends2,000Accumulated Depreciation8,000Sales Revenue99,850Cash14,000Notes Payable (due 4/30/12)1,000Common Stock20,000Cost of Goods Sold48,800Goodwill10,000Loss on Sale of Equipment5,500Retained Earnings (1/1/11)16,150Inventory9,500Marketable Equity Securities300Advertising Expense2,500Depreciation Expense1,100Insurance Expense2,000Unearned Revenue2,200Determine Income from Operations for 2011:
All the accounts have normal balances. The information below has been gathered at December 31, 2015....
All the accounts have normal balances. The information below has been gathered at December 31, 2015. 1. Verne Cova Company borrowed $10,125 by signing a 12%, one-year note on September 1, 2015. 2. A count of supplies on December 31, 2015, indicates that supplies of $839 are on hand. 3. Depreciation on the equipment for 2015 is $1,135. Verne Cova Company paid $2,280 for 12 months of insurance coverage on June 1, 2015. 5. On December 1, 2015, Verne Cova...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
33) Using the adjusted trial balance below. write the four closing entries nec accounts for the...
33) Using the adjusted trial balance below. write the four closing entries nec accounts for the beginning of the next accounting period. tries necessary to prepare the $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 DODSON CONTAINERS Adjusted Trial Balance December 31 Cash... Accounts receivable.. Prepaid insurance ...... Office supplies ............. Office equipment ...... Accumulated depreciation office equipment.. Buildings. Accumulated depreciation-buildings. Land ......... -Wages Payable....... ---Property taxes payable... Interest payable.... Unearned rent. -Long-term notes payable. Common stock...
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise
The account balances for a company are listed below. All balances are as of December 31, 2011, except where noted otherwise Accounts Payable$7,200Rent Expense$3,000Accounts Receivable8,400Equipment74,500Wages Payable3,400Furniture16,600Prepaid Expenses500Notes Payable (due 12/31/13)40,900Dividends2,000Accumulated Depreciation8,000Sales Revenue99,850Cash14,000Notes Payable (due 4/30/12)1,000Common Stock20,000Cost of Goods Sold48,800Goodwill10,000Loss on Sale of Equipment5,500Retained Earnings (1/1/11)16,150Inventory9,500Marketable Equity Securities300Advertising Expense2,500Depreciation Expense1,100Insurance Expense2,000Unearned Revenue2,200Determine the Ending Retained Earnings for 2011:Group of answer choices$36,950$52,100$51,100$34,950$71,100
The trail balance for LB corp has the following balances in selected accounts on December 31,...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 6. On December 1, 2019, LB Corp. collected $30,000 for disinfecting processes...
On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable $...
On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable $ 13,600 Fees Income $ 182,000 Accounts Receivable 6,000 Supplies 4,400 Accumulated Depreciation 8,400 Prepaid Rent 62,000 Cash 84,000 Rent Expense 9,200 Depreciation Expense 8,400 Supplies Expense 8,400 Equipment 72,000 Teresa Davis, Capital 120,000 Teresa Davis, Drawing 54,000 Utilities Expense 15,600 All the accounts have normal balances. Prepare the closing entries for Davis Company On December 31. *Fee income to income summary, expenses to income...
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...
All the accounts have normal balances. The information below has been gathered at December 31, 2015. 1. Verne Cova Company borrowed $10,125 by signing a 12%, one-year note on September 1, 2015. 2. A count of supplies on December 31, 2015, indicates that supplies of $839 are on hand. 3. Depreciation on the equipment for 2015 is $1,135. Verne Cova Company paid $2,280 for 12 months of insurance coverage on June 1, 2015. 5. On December 1, 2015, Verne Cova...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
Question 3 of 6 Syner-V Company Adjusted Trial Balance Year ending December 31, 2016 Balances Accounts payable Accounts receivable 22,000 45,000 120,000 49,000 66,000 87,000 5,000 Accumulated depreciation - equipment Transportation expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Loans payable, due 12/15/18 Note payable, due 6/30/17 Prepaid insurance 36,000 3,400 300,000 56,000 12,000 42,000 55,000 Rent expense Salaries and wages expense Revenues Supplies Utilities expense Equipment Unearned revenue 198,000 3,000 29,800 340,000 60,000 What is the...
33) Using the adjusted trial balance below. write the four closing entries nec accounts for the beginning of the next accounting period. tries necessary to prepare the $ 3,050 400 830 80 4,200 $ 1,100 98,000 28,000 115,000 DODSON CONTAINERS Adjusted Trial Balance December 31 Cash... Accounts receivable.. Prepaid insurance ...... Office supplies ............. Office equipment ...... Accumulated depreciation office equipment.. Buildings. Accumulated depreciation-buildings. Land ......... -Wages Payable....... ---Property taxes payable... Interest payable.... Unearned rent. -Long-term notes payable. Common stock...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 6. On December 1, 2019, LB Corp. collected $30,000 for disinfecting processes...
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