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ADJUSTED TRIAL BALANCE:
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Prepare an adjusted trial balance from the following adjusted account balances (assume accounts have normal balances)....
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies...
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
Below are all the accounts from the adjusted trial balance of Fisk Corporation. All accounts have...
Below are all the accounts from the adjusted trial balance of Fisk Corporation. All accounts have normal balances. Using the information below, prepare for the month ending December 31, 2016. 1. an income statement. 2. a retained earnings statement. 3. a balance sheet. **Remember to format your Financial Statements FISK CORPORATION Account Balances from the Adjusted Trial Balance December 31, 2016 Account Balance Salaries & Wages Payable………………………………………………. $ 5,800 Insurance Expense……………………………………………………….. 2,000 Notes Receivable…………………………………………………………. 10,000 Common Stock…………………………………………………………… 44,000 Inventory………………………………………………………………… 49,400 Cost of Goods...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
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
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts...
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue Data Table Cash $ $? Land...
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000...
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $9,000 Accounts Receivable $3,400 Accumulated Depreciation 1,000 Depreciation Expense 1,000 Dividends 2,600 Insurance Expense 2,600 Interest Revenue 1,040 Prepaid Insurance 2,220 Retained Earnings 10,900 Salary Expense 24,100 Service Revenue 38,800 What is the ending balance in Retained Earnings after the closing entries are completed?
The adjusted 12/31/19 Trial Balance for Tetra Omni Corporation included these accounts and balances. No other...
The adjusted 12/31/19 Trial Balance for Tetra Omni Corporation included these accounts and balances. No other accounts existed. Retained Earnings (1/1/19) $100 Salaries Expense $15 Accounts Payable $35 Common Stock $50 Cash $38 Accounts Receivable $8 Unearned Service Revenue $15 Salaries Payable $14 Dividends $20 Prepaid Insurance $4 Depreciation Expense: Equipment $18 Cleaning Supplies $19 Service Revenue $140 Accumulated Depreciation: Equipment $105 Cleaning Supplies Expense $57 Equipment $280 Required: Determine the total of the Adjusted Trial Balance columns: $_______________ In...
/s3-13 Preparing an adjusted trial balance Steve's Tax Services had the following accounts and account balances...
/s3-13 Preparing an adjusted trial balance Steve's Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. $ ? 24,000 550 Cash Land Utilities Payable Accounts Payable Accumulated Depreciation-Equipment Service Revenue Supplies Expense Steve, Withdrawals 3,800 1,500 90,000 700 28,000 Equipment $ 25,000 Accounts Receivable 4,250 Office Supplies 900 Steve, Capital 18,600 Utilities Expense 1,550 Unearned Revenue 600 Depreciation Expense-Equipment 1,800 Salaries Expense 5,200 Prepare the adjusted trial balance for Steve's Tax...
Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600...
Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600 2,990,000 530,000 23.400 3,000,000 $ 150.000 930.000 58,400 230.000 33,000 970.000 21,600,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Uneamed Service Revenue Wages Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Wage Expense Utilities Expense Selling Expense Administrative Expense Repairs Expense insurance Expense Interest Expense Supplies Expense Depreciation Expense--Equipment 45.000 3,754,000 730.400 96.100 45.100 130,000 37.000 19.800 40.000 557.000 150,000 $...
Brief Exercise 3-20 Prepare a post-closing trial balance (LO3-7) The year-end adjusted trial balance of Hilltoppers...
Brief Exercise 3-20 Prepare a post-closing trial balance (LO3-7) The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,800; Equipment, $15,800; Accounts Payable, $1,800; Common Stock, $10,000; Retained Earnings, $6,600; Dividends, $1,000; Service Revenue, $14,800; Salaries Expense, $9,800; and Utilities Expense, $2,800. Prepare the post-closing trial balance. HILLTOPPERS CORPORATION Post-Closing Trial Balance Accounts Debit Credit Cash Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Totals $ 0 $ 0
The adjusted trial balance for Pl Detectives reported the following account balances: Accounts Receivable $590; Supplies $9,900; Prepaid Insurance $8,100; Equipment $32,500; Accumulated Depreciation $4,900; Accounts Payable $290; Deferred Revenue $5,900; Notes Payable $3,900; Common Stock $26,500; Retained Earnings $6,600; Dividends $3,900; Service Revenue $38,300; Salaries and Wages Expense $24,500; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance. PIDETECTIVES Adjusted Trial Balance As of December 31 Debit Credit...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a 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
8. Harrington Carpentry had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Prepare the adjusted trial balance for Harrington Carpentry as of December 31, 2018 (Click the icon to view the account balances.) Adjusted Trial Balance December 31, 2018 Balance Debit Credit ict: 0 Account Title Cash Accounts Receivable Office Supplies Land Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Uneamed Revenue Common Stock Dividends Service Revenue Data Table Cash $ $? Land...
/s3-13 Preparing an adjusted trial balance Steve's Tax Services had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. $ ? 24,000 550 Cash Land Utilities Payable Accounts Payable Accumulated Depreciation-Equipment Service Revenue Supplies Expense Steve, Withdrawals 3,800 1,500 90,000 700 28,000 Equipment $ 25,000 Accounts Receivable 4,250 Office Supplies 900 Steve, Capital 18,600 Utilities Expense 1,550 Unearned Revenue 600 Depreciation Expense-Equipment 1,800 Salaries Expense 5,200 Prepare the adjusted trial balance for Steve's Tax...
Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600 2,990,000 530,000 23.400 3,000,000 $ 150.000 930.000 58,400 230.000 33,000 970.000 21,600,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Uneamed Service Revenue Wages Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Wage Expense Utilities Expense Selling Expense Administrative Expense Repairs Expense insurance Expense Interest Expense Supplies Expense Depreciation Expense--Equipment 45.000 3,754,000 730.400 96.100 45.100 130,000 37.000 19.800 40.000 557.000 150,000 $...
Brief Exercise 3-20 Prepare a post-closing trial balance (LO3-7) The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $3,800; Equipment, $15,800; Accounts Payable, $1,800; Common Stock, $10,000; Retained Earnings, $6,600; Dividends, $1,000; Service Revenue, $14,800; Salaries Expense, $9,800; and Utilities Expense, $2,800. Prepare the post-closing trial balance. HILLTOPPERS CORPORATION Post-Closing Trial Balance Accounts Debit Credit Cash Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Totals $ 0 $ 0
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