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On November 1, 2021, the account balances of Hamm Equipment
Repair were as follows:
Debit
Credit
Cash
$2,430
Accumulated
Depreciation—Equipment
$2,030
Accounts Receivable
4,280
Accounts Payable
2,630
Supplies
1,830
Unearned Revenue
1,230
Equipment
12,030
Salaries Payable
730
J. Hamm, Capital
13,950
$20,570
$20,570
During November, the following summary transactions were
completed.
Nov. 8
Paid $1,730 for salaries due
employees, of which $730 is for October salaries.
10
Received $3,650 cash from customers
on account.
12
Received $3,130 cash for services...
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Sunland Company has the following balances in selected accounts on December 31, 2019. 0 8,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 9,900 2,820 0 2,100 32,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December 31, 2019, indicates...
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Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation-Equipment 7,000 Equipment Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. Verne Cova Company borrowed $10,000 by signing a 12%, one-year note on September 1, 2019. 1. A count of supplies on December 31, 2019,...
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On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,220 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,350 $18,350 During November, the following summary transactions were completed. Nov. Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries 8 payable. 10...
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Question 1 On November 1, 2017, the following were the account balances of Soho Equipment Repair Cash Accounts Receivable Supplies Equipment Debit $ 3,540 3,120 1,870 10,750 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $ 500 3,050 400 830 10,750 3,750 $19,280 $19,280 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $390 is for November and $830 is for October salaries...
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On November 1, 2022, the following were the account balances of Sandhill Equipment Repair. Debit Credit Cash $ 500 $3,540 3.010 Accumulated Depreciation-Equipment Accounts Payable Accounts Receivable 3,050 400 Supplies 1,870 Unearned Service Revenue Equipment 10,750 Salaries and Wages Payable 720 Common Stock 10,750 Retained Earnings 3,750 $19,170 $19,170 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October sal 10 Received $1,880...
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On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit Cash Accounts Receivable Supplies Equipment s 3,250 Accumulated Depreciation-Equipment $500 2,760 400 840 10,460 3,460 $18,420 3,130 Accounts Payable 1,530 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,460 $18,420 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $380 is for November...
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Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. Debits No. No. Credits Accumulated $ 2,400 154 Depreciation- Equipment $ 2,000 101 Cash Accounts Receivable Accounts Payable 112 4,250 201 2,600 Unearned Service 126 Supplies 1,800 209 1,200 Revenue Salaries and Wages Payable 153 Equipment 12,000 212 700 311 Common Stock 10,000 3,950 Retained Earnings 320 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due...
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Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit - Credit Cash $ 4,800 Accounts Receivable 10,400 Prepaid insurance 2,000 Prepaid Rent 1,ooo office Subblies 400 Equipment 16.500 Accumulated depreciation $2,400 Salaries payable Interest payable Uneamed Service Revenue Goo Ted Darcy, drawings 3,000 Service Revenue 32,700 Salaries expense 20,500 Depreciation expense Rent expense Дилму ади еxрил office Supplies expense I Interest expense 300 $ 58900 SEC 0 % 5E ܬܩܦ 1 Prepare necessary...
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The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 5. LB Corp. performed disinfecting services for a client in December 2019....
Sunland Company has the following balances in selected accounts on December 31, 2019. 0 8,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 9,900 2,820 0 2,100 32,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December 31, 2019, indicates...
Exercise 3-5 Verne Cova Company has the following balances in selected accounts on December 31, 2019. Accounts Receivable Accumulated Depreciation-Equipment 7,000 Equipment Interest Payable Notes Payable 10,000 Prepaid Insurance 2,100 Salaries and Wages Payable Supplies 2,450 Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. Verne Cova Company borrowed $10,000 by signing a 12%, one-year note on September 1, 2019. 1. A count of supplies on December 31, 2019,...
On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $3,220 Accumulated Depreciation Equipment $ 500 Accounts Receivable 3,150 Accounts Payable 2,730 Supplies 1,550 Unearned Service Revenue 400 Equipment 10,430 Salaries and Wages Payable 860 Common Stock 10,430 Retained Earnings 3,430 $18,350 $18,350 During November, the following summary transactions were completed. Nov. Paid $1,220 for salaries due employees, of which $360 is for November and $860 is for October salaries 8 payable. 10...
Question 1 On November 1, 2017, the following were the account balances of Soho Equipment Repair Cash Accounts Receivable Supplies Equipment Debit $ 3,540 3,120 1,870 10,750 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Credit $ 500 3,050 400 830 10,750 3,750 $19,280 $19,280 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $390 is for November and $830 is for October salaries...
On November 1, 2022, the following were the account balances of Sandhill Equipment Repair. Debit Credit Cash $ 500 $3,540 3.010 Accumulated Depreciation-Equipment Accounts Payable Accounts Receivable 3,050 400 Supplies 1,870 Unearned Service Revenue Equipment 10,750 Salaries and Wages Payable 720 Common Stock 10,750 Retained Earnings 3,750 $19,170 $19,170 During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due employees, of which $500 is for November and $720 is for October sal 10 Received $1,880...
On November 1, 2017, the following were the account balances of Soho Equipment Repair Debit Credit Cash Accounts Receivable Supplies Equipment s 3,250 Accumulated Depreciation-Equipment $500 2,760 400 840 10,460 3,460 $18,420 3,130 Accounts Payable 1,530 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,460 $18,420 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 20 22 25 27 29 Paid $1,220 for salaries due employees, of which $380 is for November...
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows. Debits No. No. Credits Accumulated $ 2,400 154 Depreciation- Equipment $ 2,000 101 Cash Accounts Receivable Accounts Payable 112 4,250 201 2,600 Unearned Service 126 Supplies 1,800 209 1,200 Revenue Salaries and Wages Payable 153 Equipment 12,000 212 700 311 Common Stock 10,000 3,950 Retained Earnings 320 $20,450 $20,450 During November, the following summary transactions were completed. Nov. 8 Paid $1,700 for salaries due...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit - Credit Cash $ 4,800 Accounts Receivable 10,400 Prepaid insurance 2,000 Prepaid Rent 1,ooo office Subblies 400 Equipment 16.500 Accumulated depreciation $2,400 Salaries payable Interest payable Uneamed Service Revenue Goo Ted Darcy, drawings 3,000 Service Revenue 32,700 Salaries expense 20,500 Depreciation expense Rent expense Дилму ади еxрил office Supplies expense I Interest expense 300 $ 58900 SEC 0 % 5E ܬܩܦ 1 Prepare necessary...
The trail balance for LB corp has the following balances in selected accounts on December 31, 2019. Accounts Receivable $0 0 6,650 0 Accumulated Depreciation - Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 20,000 2,220 0 2,940 30,000 All of the accounts have normal balances. The information below has been gathered at December 31, 2019. Prepare the adjusting entry: 5. LB Corp. performed disinfecting services for a client in December 2019....