Homework Answers
| BLOSSOM COMPANY | ||
| DEBIT | CREDIT | |
| CASH | $ 21,770.0 | |
| PREPAID INSURANCE | $ 2,405.0 | |
| ACCOUNTS PAYABLE | $ 2,510.0 | |
| UNEARNED REVENUE | $ 1,775.0 | |
| COMMON SHARE | $ 9,000.0 | |
| RETAINED EARNINGS | $ 6,540.0 | |
| DIVIDENDS | $ 5,010.0 | |
| SERVICE REVENUE | $ 26,360.0 | |
| SALARIES AND WAGES EXPENSES | $ 14,540.0 | |
| RENT EXPENSES | $ 2,460.0 | |
| $ 46,185.0 | $ 46,185.0 | |
| Note : | ||
| All expenses and Assets should be debited | ||
| All Incomes and Liabilities should be credited |
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Question 1 of 10 An inexperienced bookkeeper prepared the following trial balance that does not balance....
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $19,250 $2,800 4,750 5,950 15,450 6,250 28,050 21,050 4,850 $62,150 $46,250 Prepare a correct trial balance, assuming all account balances are normal Prepare a correct trial balance, assuming all account balances are normal. Kingbird, Inc. Trlal balance Debit Credit Totals
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31,...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following...
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit $ 4,910 4,180 BLOSSOM COMPANY Trial Balance December 31, 2022 Debit Cash $37,000 Prepaid Insurance Accounts Payable Unearned Service Revenue 4,000 Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 11,770 Rent Expense $52,770 26,000 5,120 7,830 27,010 4,800 $79,850 BLOSSOM COMPANY Tral Balance...
1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all...
1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all account balances are normal. Erica Company Trial balance December 31, 2019. debit credit Cash $ 16, 800 Prepaid Insurance $3500 Account Payable 3000 Unearned Service Revenue 4200 Common Stock 13,000 Dividends 4,500 Service Revenue 25,600 Salaries and Wages Expense 18, 600 Rent Expense 2, 400 ___________ ________ $39, 600 $ 52, 000
Weygandt, Financial Accounting, 10e tice Assignment Gradebook ORIONDownloadable eTextbook ment CALCULAT Brief Exercise 2-10 An inexperienced...
Weygandt, Financial Accounting, 10e tice Assignment Gradebook ORIONDownloadable eTextbook ment CALCULAT Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Erika Company Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $16,800 $3,500 3,000 4,200 13,000 4,500 25,600 18,600 2,400 $52,000 Prepare a correct trial balance, assuming all account balances are normal. $39,600 Erika Company Trial balance Debit Credit
An inexperienced bookkeeper prepared the following trial balance from the books of Wilson Agencies, at 31 March 2006:
An inexperienced bookkeeper prepared the following trial balance from the books ofWilson Agencies, at 31 March 2006:TRIAL BALANCEFurniture and equipment 40 000Accumulated depreciation: furniture and equipment 10 000Bank: favourable balance 8 000Debtors 15 000Capital: A. Wilson 60 000Drawings: A. Wilson 28 000Creditors 5 000Long-term loan 20 000Commission earned 45 000Insurance expense 6 000Salaries 15 500Rental 24 000Telephone 3 500R143 000 R143 000Additional information:i. Commission earned but not invoiced, R9 300.ii. Prepaid insurance on 31 March 2006, R1 500.iii. Depreciation on...
The following trial balance of Metlock Company does not balance. Your review of the ledger reveals...
The following trial balance of Metlock Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $92. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2.640 and $6.790, respectively. (d) A debit posting to Advertising Expense of $307 was omitted. (e)...
Write the correct answer in the white boxes A new manager prepared the following Trial Balance...
Write the correct answer in the white boxes A new manager prepared the following Trial Balance that is not balanced, Prepare the corrected Trial Balanced applying the Normal Balance Rule DEBIT CREDIT Cash Accounts Receivable Prepaid Rent Equipment Unearned Revenues Common Stock Dividends Service Revenue Elextricity Expense 31400 13900 7500 10800 6800 50000 5000 18800 7000 151200 0 0
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Account Title Credit Cash Accounts Receivable Prepaid Rent Office Supplies Land Debit $15,500 8,000 2,400 1,400 25,000 32,000 23,000 Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $10,400 2,500 20,000 59.000 6,800 78,400 34,000 15,000 20,000 59,000 6,800 78,400 Notes Payable Common Stock...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $19,250 $2,800 4,750 5,950 15,450 6,250 28,050 21,050 4,850 $62,150 $46,250 Prepare a correct trial balance, assuming all account balances are normal Prepare a correct trial balance, assuming all account balances are normal. Kingbird, Inc. Trlal balance Debit Credit Totals
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit $ 4,910 4,180 BLOSSOM COMPANY Trial Balance December 31, 2022 Debit Cash $37,000 Prepaid Insurance Accounts Payable Unearned Service Revenue 4,000 Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 11,770 Rent Expense $52,770 26,000 5,120 7,830 27,010 4,800 $79,850 BLOSSOM COMPANY Tral Balance...
Weygandt, Financial Accounting, 10e tice Assignment Gradebook ORIONDownloadable eTextbook ment CALCULAT Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Erika Company Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $16,800 $3,500 3,000 4,200 13,000 4,500 25,600 18,600 2,400 $52,000 Prepare a correct trial balance, assuming all account balances are normal. $39,600 Erika Company Trial balance Debit Credit
The following trial balance of Metlock Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $92. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2.640 and $6.790, respectively. (d) A debit posting to Advertising Expense of $307 was omitted. (e)...
Write the correct answer in the white boxes A new manager prepared the following Trial Balance that is not balanced, Prepare the corrected Trial Balanced applying the Normal Balance Rule DEBIT CREDIT Cash Accounts Receivable Prepaid Rent Equipment Unearned Revenues Common Stock Dividends Service Revenue Elextricity Expense 31400 13900 7500 10800 6800 50000 5000 18800 7000 151200 0 0
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Account Title Credit Cash Accounts Receivable Prepaid Rent Office Supplies Land Debit $15,500 8,000 2,400 1,400 25,000 32,000 23,000 Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $10,400 2,500 20,000 59.000 6,800 78,400 34,000 15,000 20,000 59,000 6,800 78,400 Notes Payable Common Stock...
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