The following accounts relate to SnowGo Corporation at December 31, 2020. Equipment &nb
The following accounts relate to SnowGo Corporation at December 31, 2020.
Equipment $88,000 Common Stock $20,000
Dividends 8,000 Salaries and Wages Payable 2,000
Accounts Payable 22,000 Notes Payable (Short-term) 19,000
Salaries and Wages Payable 42,000 Utilities Expense 3,000
Accounts Receivable 4,000 Prepaid Insurance 6,000
Service Revenue 95,000 Cash 7,000
REQUIRED: Prepare a Trial Balance
Solution:
Homework Answers
Trial Balance of Snow Go Company
| Particulars | Debit | Credit |
| Equipment | 88,000 | |
| Common Stock | 20,000 | |
| Dividends | 8,000 | |
| Salaries and Wages Payables | 2,000 | |
| Accounts Payables | 22,000 | |
| Notes Payables(Short Term) | 19,000 | |
| Salaries and Wages Expenses | 42,000 | |
| Utilities Expense | 3,000 | |
| Accounts Receivables | 4,000 | |
| Prepaid Insurance | 6,000 | |
| Service Revenue | 95,000 | |
| Cash | 7,000 | |
| TOTAL | 158,000 | 158,000 |
Add Answer to:
The following accounts relate to SnowGo Corporation at December
31, 2020.
Equipment &nb
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The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31,...
The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
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Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
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Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
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Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
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Accounts Receivable
$14,400
Prepaid Insurance
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Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6 The accounts in the ledger of Rapid Delivery Service contain the following balances on...
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
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The accounts in the ledger of Rapid Delivery Service contain
the following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
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Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Credit Debit $ 11,000 34,000 25,000 $ Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals 2,000 20,000 35,000 8,000 3,000 55,000 19,000 12,000 9,000 7,000 $120,000 $120,000 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select...
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Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
Question 6
The accounts in the ledger of Rapid Delivery Service contain the
following balances on July 31, 2017.
Accounts Receivable
$14,400
Prepaid Insurance
$ 4,000
Accounts Payable
9,400
Service Revenue
17,400
Cash
?
Dividends
800
Equipment
59,490
Common Stock
40,130
Maintenance and Repairs Expense
3,858
Salaries and Wages Expense
8,628
Insurance Expense
800
Salaries and Wages Payable
1,000
Notes Payable (due 2020)
29,650
Retained Earnings (July 1, 2017)
7,000
Prepare a trial balance.
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