Homework Answers
Net income for the Year
Service revenue : $166
Add interest revenue 25
$191
Less travel expenses $30
Salary and wages exp. $70
Acc. Depreciation equipment $ 23
Net income for the year $68
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YUSLIURE Given the following adjusted trial balance: Credit Debit $748 944 1406 39 140 $23 37...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45 160 Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue $27 43 63 Common stock 110 Retained earnings Service revenue 3435 191 Interest revenue 29 Salaries and wages expense 80 Travel expense 34 Total $3898 $3898 Net income for the year is:
Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid...
Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid rent 34 120 $20 Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue 32 48 Common stock 78 Retained earnings 2580 Service revenue 144 22 Interest revenue Salaries and wages expense 60 Travel expense 26 Total $ 2924 $2924 After closing entries have been posted, the balance in retained earnings will be:
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150...
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150 $27 Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue 42 62 101 3370 188 29 80 Interest revenue Salaries and wages expense Travel expense Total 34 $3819 $3819 Net Income for the year is: Common stock TUT Retained earnings 3370 Service revenue 188 29 Interest revenue Salaries and wages expense 80 Travel expense 34...
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts...
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent 516 Equipment 1,800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense Total $44.376 Net income for the year is: 492 732 1,236 39,660 1,608 336 396 $44.376 a. 2,976 b.S1,944 C. $1,620 d. 5588 e. None of the above MacBoo!
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit...
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total
Question 17 0.5 pts A company has the following adjusted trial balance: Debit Credit 700 300...
Question 17 0.5 pts A company has the following adjusted trial balance: Debit Credit 700 300 100 4,000 2,200 300 200 Cash Accounts receivable Prepaid rent Equipment Accumulated depreciation Equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Depreciation expense Rent expense Total 500 1,000 2,500 100 800 500 400 6,800 6,800 After closing entries have been journalized and posted, the post-closing trial balance total for the credit column will be...
list of accounts Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
Presented below is the adjusted trial balance of Crane Corporation at December 31, 2020. Debit Credit...
Presented below is the adjusted trial balance of Crane Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies 1,300 Prepaid Insurance 1,100 Equipment 48,100 Accumulated Depreciation-Equipment $ 4,100 Trademarks 1,050 Accounts Payable 10,100 Salaries and Wages Payable 600 Unearned Service Revenue 2,100 Bonds Payable (due 2027) 9,100 Common Stock 10,100 Retained Earnings 25,100 Service Revenue 10,100 Salaries and Wages Expense 9,100 Insurance Expense 1,500 Rent Expense 1,300 Interest Expense 1,000 Total $ ? $ ? Additional information: 1. Net loss for the...
Presented below is the adjusted trial balance of Teal Corporation at December 31, 2020. Credit Debit...
Presented below is the adjusted trial balance of Teal Corporation at December 31, 2020. Credit Debit $ ? 1,530 1,330 48,330 $ 4,330 1,280 Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total 10,330 830 2,330 9,330 10,330 25,330 10,330 9,330 1,730 1,530 1,230 $ ? ? Additional information: 1....
Presented below is the adjusted trial balance of Flounder Corporation at December 31, 2020. Debit Credit...
Presented below is the adjusted trial balance of Flounder Corporation at December 31, 2020. Debit Credit Cash $ 2 Supplies 1,470 Prepaid Insurance 1,270 Equipment 48,270 Accumulated Depreciation-Equipment $ 4,270 Trademarks 1,220 Accounts Payable 10,270 Salaries and Wages Payable 770 Unearned Service Revenue 2,270 Bonds Payable (due 2027) 9,270 Common Stock 10,270 Retained Earnings 25,270 Service Revenue 10,270 Salaries and Wages Expense 9,270 Insurance Expense 1,670 Rent Expense 1,470 Interest Expense 1,170 Total $ ? $ Additional information: 1. Net...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45 160 Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue $27 43 63 Common stock 110 Retained earnings Service revenue 3435 191 Interest revenue 29 Salaries and wages expense 80 Travel expense 34 Total $3898 $3898 Net income for the year is:
Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid rent 34 120 $20 Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue 32 48 Common stock 78 Retained earnings 2580 Service revenue 144 22 Interest revenue Salaries and wages expense 60 Travel expense 26 Total $ 2924 $2924 After closing entries have been posted, the balance in retained earnings will be:
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150 $27 Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue 42 62 101 3370 188 29 80 Interest revenue Salaries and wages expense Travel expense Total 34 $3819 $3819 Net Income for the year is: Common stock TUT Retained earnings 3370 Service revenue 188 29 Interest revenue Salaries and wages expense 80 Travel expense 34...
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent 516 Equipment 1,800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense Total $44.376 Net income for the year is: 492 732 1,236 39,660 1,608 336 396 $44.376 a. 2,976 b.S1,944 C. $1,620 d. 5588 e. None of the above MacBoo!
Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total
Question 17 0.5 pts A company has the following adjusted trial balance: Debit Credit 700 300 100 4,000 2,200 300 200 Cash Accounts receivable Prepaid rent Equipment Accumulated depreciation Equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Depreciation expense Rent expense Total 500 1,000 2,500 100 800 500 400 6,800 6,800 After closing entries have been journalized and posted, the post-closing trial balance total for the credit column will be...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
Presented below is the adjusted trial balance of Teal Corporation at December 31, 2020. Credit Debit $ ? 1,530 1,330 48,330 $ 4,330 1,280 Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total 10,330 830 2,330 9,330 10,330 25,330 10,330 9,330 1,730 1,530 1,230 $ ? ? Additional information: 1....
Presented below is the adjusted trial balance of Flounder Corporation at December 31, 2020. Debit Credit Cash $ 2 Supplies 1,470 Prepaid Insurance 1,270 Equipment 48,270 Accumulated Depreciation-Equipment $ 4,270 Trademarks 1,220 Accounts Payable 10,270 Salaries and Wages Payable 770 Unearned Service Revenue 2,270 Bonds Payable (due 2027) 9,270 Common Stock 10,270 Retained Earnings 25,270 Service Revenue 10,270 Salaries and Wages Expense 9,270 Insurance Expense 1,670 Rent Expense 1,470 Interest Expense 1,170 Total $ ? $ Additional information: 1. Net...
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