Homework Answers
(a)
| Account | Classification | |
| 1 | Other Operating Expense | Temporary |
| 2 | Utilities Expense | Temporary |
| 3 | Retained Earnings | Permanent |
| 4 | Salaries Expense | Temporary |
| 5 | Land | Permanent |
| 6 | Dividends | Temporary |
| 7 | Service Revenue | Temporary |
| 8 | Cash | Permanent |
| 9 | Salaries Payable | Permanent |
| 10 | Common Stock | Permanent |
Per Chegg guidelines the first question has been answered. Please post remaining independent questions separately. Thank you.
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B ACCT2010 Chapter 02 - Homewe Tell me what you want to do Home Insert Page...
PL CRM AG Best OLD 900 6000 15 1 ViewSonic requirements using an Excel spreadsheet. Refer...
PL CRM AG Best OLD 900 6000 15 1 ViewSonic requirements using an Excel spreadsheet. Refer to Chap lor ideas on how to structure the spreadsheet. and Deferrals COMPREHENSIVE PROBLEM The trial balance of Pacilio Security Services Inc. as of January 1, 2012, was as follows: Cash Land Notes Payable Common Stock Retained Earnings $8,500 4,000 5,000 6.000 1,500 During 2012, Pacilio Security Services experienced the following transactions 1. Acquired an additional $2,000 from the issue of common stock 2....
ACC Data View Tell me what you want to do... Review Acrobat Formulas File Home Insert...
ACC Data View Tell me what you want to do... Review Acrobat Formulas File Home Insert Page Layout Ene PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Al (a) Record these events in general journal form G H E3.17A B D 1 (a) Record these events in general journal form 2 3 4 Montgomery Company 5 General Journal, Year 1 6 7 Event Account Titles 8...
View Symergy Tell me what you want to do. insert Page Layout Formules DataReview V Normal...
View Symergy Tell me what you want to do. insert Page Layout Formules DataReview V Normal ig,wrap Test 困Merge & Center . | $ . % , |留8/Conditional Format asl Neutral General Cut Copy Format Painter Times New Roma!22--K A· 19- te Formatting Table. Alignnent Number Clipboard Font 23 ㄨ 丘11 Stockholders' Equity Financial Statement Normal Balance Classification Asset, Liaatity, Revenue, Expense, Stockdolders' Equity lncome Statemeat, Balance Sheet, Retained Earnings, Cash Flows Liability Asset Account Title Cash Flows Debit or...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in Year 1, its first
year of operations:
Received $14,000 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,450.
Collected $30,030 of the accounts receivable.
Recorded $8,550 of accrued salaries at the end of the
year.
Paid a $1,450 cash dividend to the stockholders.
b-1. Prepare the income statement.
b-2. Prepare the...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in 2018, its first
year of operations:
Received $15,500 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,300.
Collected $31,530 of the accounts receivable.
Recorded $8,700 of accrued salaries at the end of the
year.
Paid a $1,250 cash dividend to the stockholders.
Prepare the income statement. MILEA INC. Income Statement For the...
I already submitted this question earlier, but rather than tell me what to do can you...
I already submitted this question earlier, but rather than tell
me what to do can you show me on income statement, balance sheet,
and cash flows how to enter #2 hopkins provided $60,000 of service
to clients but collected only $50000 cash. My answer keeps saying
incomplete and I don't know where I have gone wrong.
Exercise 3-2 Comparing a merchandising company with a service company LO 3-1 The following information is available for two different types of businesses for...
Chapter 13 Statement of Cash Flows 667 ash flow perating ties, $38 EX 13-17 Statement of...
Chapter 13 Statement of Cash Flows 667 ash flow perating ties, $38 EX 13-17 Statement of cash flows--indirect method Obj. 2, 3, 4,5 The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 2041, is as follows: Dec 31, 2012 Dec 31, 2011 OIL TEMPLATE 330 205 85 Cash.. $183 $ 14 Accounts receivable (net). 55 Inventories... 117 Land 250 Equipment.... 175 168 Accumulated depreciation equipment. Total assets. $742 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors).......
one big problem thanks you! Leach Inc, experienced the following events for the first two years...
one big problem thanks you!
Leach Inc, experienced the following events for the first two years of its operations: 2018 1. Issued $10,000 of common stock for cash 2. Provided $90,000 of services on account. 3. Provided $27,000 of services and received cash. 4. Collected $63,000 cash from accounts receivable. 5. Paid $16,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending...
Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following...
Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following events in 2018. its first year of operations: 1. Received $16.500 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,400. 4. Collected $39,580 of the accounts receivable, 5. Recorded $7.400 of accrued salaries at the end of the year. 6. Paid a $1.250 cash dividend to the stockholders b. Prepare the income...
statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 2041, is as follows: Dec. 31, Dec. 31, 2011 Assets 2012 Cash $145 Accounts receivable (net) Inventories Land Equipment Accumulated depreciation equipment (18) Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid in capital: Excess of issue price over par- common stock Retained earnings Total liabilities and stockholders equity Total liabilities and stockholders' equity...
PL CRM AG Best OLD 900 6000 15 1 ViewSonic requirements using an Excel spreadsheet. Refer to Chap lor ideas on how to structure the spreadsheet. and Deferrals COMPREHENSIVE PROBLEM The trial balance of Pacilio Security Services Inc. as of January 1, 2012, was as follows: Cash Land Notes Payable Common Stock Retained Earnings $8,500 4,000 5,000 6.000 1,500 During 2012, Pacilio Security Services experienced the following transactions 1. Acquired an additional $2,000 from the issue of common stock 2....
ACC Data View Tell me what you want to do... Review Acrobat Formulas File Home Insert Page Layout Ene PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Al (a) Record these events in general journal form G H E3.17A B D 1 (a) Record these events in general journal form 2 3 4 Montgomery Company 5 General Journal, Year 1 6 7 Event Account Titles 8...
View Symergy Tell me what you want to do. insert Page Layout Formules DataReview V Normal ig,wrap Test 困Merge & Center . | $ . % , |留8/Conditional Format asl Neutral General Cut Copy Format Painter Times New Roma!22--K A· 19- te Formatting Table. Alignnent Number Clipboard Font 23 ㄨ 丘11 Stockholders' Equity Financial Statement Normal Balance Classification Asset, Liaatity, Revenue, Expense, Stockdolders' Equity lncome Statemeat, Balance Sheet, Retained Earnings, Cash Flows Liability Asset Account Title Cash Flows Debit or...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in Year 1, its first
year of operations:
Received $14,000 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,450.
Collected $30,030 of the accounts receivable.
Recorded $8,550 of accrued salaries at the end of the
year.
Paid a $1,450 cash dividend to the stockholders.
b-1. Prepare the income statement.
b-2. Prepare the...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in 2018, its first
year of operations:
Received $15,500 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,300.
Collected $31,530 of the accounts receivable.
Recorded $8,700 of accrued salaries at the end of the
year.
Paid a $1,250 cash dividend to the stockholders.
Prepare the income statement. MILEA INC. Income Statement For the...
I already submitted this question earlier, but rather than tell
me what to do can you show me on income statement, balance sheet,
and cash flows how to enter #2 hopkins provided $60,000 of service
to clients but collected only $50000 cash. My answer keeps saying
incomplete and I don't know where I have gone wrong.
Exercise 3-2 Comparing a merchandising company with a service company LO 3-1 The following information is available for two different types of businesses for...
Chapter 13 Statement of Cash Flows 667 ash flow perating ties, $38 EX 13-17 Statement of cash flows--indirect method Obj. 2, 3, 4,5 The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 2041, is as follows: Dec 31, 2012 Dec 31, 2011 OIL TEMPLATE 330 205 85 Cash.. $183 $ 14 Accounts receivable (net). 55 Inventories... 117 Land 250 Equipment.... 175 168 Accumulated depreciation equipment. Total assets. $742 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors).......
one big problem thanks you!
Leach Inc, experienced the following events for the first two years of its operations: 2018 1. Issued $10,000 of common stock for cash 2. Provided $90,000 of services on account. 3. Provided $27,000 of services and received cash. 4. Collected $63,000 cash from accounts receivable. 5. Paid $16,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending...
Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following events in 2018. its first year of operations: 1. Received $16.500 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,400. 4. Collected $39,580 of the accounts receivable, 5. Recorded $7.400 of accrued salaries at the end of the year. 6. Paid a $1.250 cash dividend to the stockholders b. Prepare the income...
statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 2041, is as follows: Dec. 31, Dec. 31, 2011 Assets 2012 Cash $145 Accounts receivable (net) Inventories Land Equipment Accumulated depreciation equipment (18) Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid in capital: Excess of issue price over par- common stock Retained earnings Total liabilities and stockholders equity Total liabilities and stockholders' equity...
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