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Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is...
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is...
Alpaca Company presented the following unadjusted trial balance. As you can see, the trial balance is not balanced since the former accountant made several errors. ALPACA CORPORATION TRIAL BALANCE JAN 31, 2020 DEBIT CREDIT Cash $ 10,000 Accounts Receivable 80,000 Equipment 120,000 Accounts Payable $ 48,000 Wages Payable 0 Capital, Moose 123,200 Service Revenues 86,000 Wages Expense 16,200 Rent Expense 14,000 Insurance Expense 12,000 Utilities Expense 3,000 TOTAL $ 255,200 $ 257,200 After reviewing the financial records, you found the...
A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit...
A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit by Study PHAROAH COMPANY Trial Balance March 31 Debit Cash $23,470 Accounts receivable 34,010 Supplies 1,610 Notes payable Accounts payable Unearned revenue D. Losier, capital D. Losier, drawings 15,270 Service revenue Insurance expense 500 Interest expense 6,710 Rent expense 15,600 Salaries expense 39,230 Supplies expense 1,840 Utilities expense 2,610 Total $140,850 $20,770 20,463 4,900 29,100 65,410 $140,643 A review shows that the accountant made...
alculator Print Item Instructions Tech Support Services has the following unadjusted trial balance as of January...
alculator Print Item Instructions Tech Support Services has the following unadjusted trial balance as of January 31, 2016: Tech Support Services UNADJUSTED TRIAL BALANCE January 31, 2016 ACCOUNT TITLE DEBIT CREDIT Cash 25,550.00 2 Accounts Receivable 44,050.00 3 Supplies 6,660.00 4 Prepaid Insurance 3,600.00 5 Equipment 162,000.00 6 Notes Payable 75,000.00 7 Accounts Payable 13,200.00 101,850.00 8 Thad Engelberg, Capital 9 Thad Engelberg, Drawing 10 Fees Eamed 33,000.00 534,000.00 306,000.00 11 Wages Expense 12 Rent Expense 15 Advertising Expense 14...
You are presented with the following unadjusted trial balance and additional information for Berkeley Acronautics, Inc....
You are presented with the following unadjusted trial balance and additional information for Berkeley Acronautics, Inc. for December 31, 2019. The company adjusts the books only at end of year. Accounts payable Accounts receivable Cash Common stock Dividends Equipment Government contract revenue Prepaid rent Private sector revenue Retained earnings Supplies Unearned revenue Wages expense $5,000 $4,000 $26,000 $20,000 $3,000 $16,000 $17,000 $4,000 $8,000 $10,000 $2,000 $5,000 $10,000 Information needed for adjustments: 1. Prepaid Rent was recorded on November 215 when...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31,...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,000 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 Dividends 7,000 Rent Expense 59,900 Wages Expense 529,000 Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 Totals $1,526,565 $1,526,565 Use this information to prepare the Balance Sheet for the fiscal year....
create a unadjusted trial balance with the following information: The following is the post-closing trial balance...
create a unadjusted trial balance with the following information: The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017. Account Title Debits Credits Cash 6,000 Accounts receivable 3,000 Inventory 6,000 Equipment 12,000 Accumulated depreciation—equipment 4,500 Accounts payable 4,000 Common stock 9,000 Retained earnings 9,500 Sales revenue 0 Cost of goods sold 0 Salaries and wages expense 0 Rent expense 0 Advertising expense 0 Totals 27,000 27,000 The following transactions occurred during January 2018:...
The following unadjusted trial balance is for Wright's Wrecking Ball Company as of December 31", 2019....
The following unadjusted trial balance is for Wright's Wrecking Ball Company as of December 31", 2019. The December 31" 2018 balance in the owner's capital account was $50,000, and the owner invested $40,000 cash in the company during 2019. Debit Credit $ 10,000 15.000 14.000 150,000 $ 10,000 4,650 Cash Supplies Prepaid insurance Equipment Accum. Dep. - Equipment Accounts payable Interest payable Rent payable Wages payable Property taxes payable Utilities payable Long-term notes payable Owner's Capital Withdrawals Fees earned Depreciation...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
need help with part 1 & 2 1. Post and calculate trial balance for the following...
need help with part 1 & 2
1. Post and calculate trial balance for the following transactions for 'AAA Catering! Jan. 1 Stockholders invested $20,000 cash in the business in exchange of comm. stock 2 Paid $1,000 cash for store rent for the month of January 3 Purchased washers and dryers (laundry equipment) for $25,000 paying $10,000 in cash and signing a $15,000 note payable 4 Paid $1,200 cash for a one-year accident insurance policy 10 Declared and paid a...
The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December...
The trial balance for Tater Tot Corp appears as follows: Tater Tot Corp Trial Balance December 31, 2020 Cash $ 300 Accounts Receivable 522 Prepaid Insurance 82 Supplies 180 Equipment 4,000 Accumulated Depreciation - Equipment $ 600 Accounts Payable 384 Common Stock 1,200 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 $6,584 $6,584 If as of December 31, 2022, rent of $150 for December had not been recorded or paid, the adjusting entry would...
A newly graduated accountant prepared the following trial balance for Pharoah Company at March 31. Credit by Study PHAROAH COMPANY Trial Balance March 31 Debit Cash $23,470 Accounts receivable 34,010 Supplies 1,610 Notes payable Accounts payable Unearned revenue D. Losier, capital D. Losier, drawings 15,270 Service revenue Insurance expense 500 Interest expense 6,710 Rent expense 15,600 Salaries expense 39,230 Supplies expense 1,840 Utilities expense 2,610 Total $140,850 $20,770 20,463 4,900 29,100 65,410 $140,643 A review shows that the accountant made...
alculator Print Item Instructions Tech Support Services has the following unadjusted trial balance as of January 31, 2016: Tech Support Services UNADJUSTED TRIAL BALANCE January 31, 2016 ACCOUNT TITLE DEBIT CREDIT Cash 25,550.00 2 Accounts Receivable 44,050.00 3 Supplies 6,660.00 4 Prepaid Insurance 3,600.00 5 Equipment 162,000.00 6 Notes Payable 75,000.00 7 Accounts Payable 13,200.00 101,850.00 8 Thad Engelberg, Capital 9 Thad Engelberg, Drawing 10 Fees Eamed 33,000.00 534,000.00 306,000.00 11 Wages Expense 12 Rent Expense 15 Advertising Expense 14...
You are presented with the following unadjusted trial balance and additional information for Berkeley Acronautics, Inc. for December 31, 2019. The company adjusts the books only at end of year. Accounts payable Accounts receivable Cash Common stock Dividends Equipment Government contract revenue Prepaid rent Private sector revenue Retained earnings Supplies Unearned revenue Wages expense $5,000 $4,000 $26,000 $20,000 $3,000 $16,000 $17,000 $4,000 $8,000 $10,000 $2,000 $5,000 $10,000 Information needed for adjustments: 1. Prepaid Rent was recorded on November 215 when...
The following unadjusted trial balance is for Wright's Wrecking Ball Company as of December 31", 2019. The December 31" 2018 balance in the owner's capital account was $50,000, and the owner invested $40,000 cash in the company during 2019. Debit Credit $ 10,000 15.000 14.000 150,000 $ 10,000 4,650 Cash Supplies Prepaid insurance Equipment Accum. Dep. - Equipment Accounts payable Interest payable Rent payable Wages payable Property taxes payable Utilities payable Long-term notes payable Owner's Capital Withdrawals Fees earned Depreciation...
Question Three: 20 marks (5 marks each): Presented below is an adjusted trial balance for Cowell Company, at December 31, 2017 Cash €10,700 Accounts payable €10,000 Accounts receivable 20,000 Notes payable 9,000 Prepaid insurance 15,000 Accumulated depreciation- Equipment 35,000 equipment 14,000 Depreciation expense 7,000 Service revenue 30,000 Dividends 1,500 Retained earnings 12,000 Advertising expense 1,400 Unearned service revenue 11,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 1,600 €98.000 €98.000 Instructions: Post the closing entries...
need help with part 1 & 2
1. Post and calculate trial balance for the following transactions for 'AAA Catering! Jan. 1 Stockholders invested $20,000 cash in the business in exchange of comm. stock 2 Paid $1,000 cash for store rent for the month of January 3 Purchased washers and dryers (laundry equipment) for $25,000 paying $10,000 in cash and signing a $15,000 note payable 4 Paid $1,200 cash for a one-year accident insurance policy 10 Declared and paid a...
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