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Problems Problem 4-1 Malcolm Tryon In Care Agency had the following trial balance as of December...
- ABE A A2 Normal No 567 Beyond Wonder Travel Agency (BWTA) had the trial balance...
- ABE A A2 Normal No 567 Beyond Wonder Travel Agency (BWTA) had the trial balance shown below as at December 31 2018. Required: Using the information provided in the Trial balance and the additional information that follows, make the necessary adjusting entries in the books of the business on December 31 2018. Beyond Wonder Travel Agency Trial Balance as at December 31 2018. Debit (AED) Credit (AED) Cash 18,500 Mobile van 36,100 Accumulated depreciation mobile van 9.400 Prepaid rent...
Roth Contractors Corporation was incorporated on December 1, 2019 and had the following transactions during December:...
Roth Contractors Corporation was incorporated on December 1,
2019 and had the following transactions during December: PART B
Here are answers to part A along with the instructions.
Part B The following information relates to December 31, 2019: o. One month of the prepaid insurance has expired. p. The December portion of the rent paid on December 1 has expired. q. A physical count indicates that $350 of supplies is still on hand. r. The amount collected in transaction m...
The unadiusted trial balance of Carrolton Inn Company at December 31, 2018, ali ule uala luer...
The unadiusted trial balance of Carrolton Inn Company at December 31, 2018, ali ule uala luer (Click the icon to view the unadjusted trial balance.) Click the icon to view the adjustm Read the requirements Requirement 3. Prepare the adjusted trial balance. Credit Review the ledger accounts. Carrolton Inn Company Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Cash $ 11,800 Accounts Receivable 13,100 Prepaid Insurance Office Supplies Building 420,000 Accumulated Depreciation-Building Accounts Payable Salaries Payable Unearned Revenue...
Instructions: Below is the adjusted trial balance for Central Advertising Inc. (1) Prepare an Income Statement,...
Instructions: Below is the adjusted trial balance for Central Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance. Central Advertising Inc. Adjusted Trial Balance August 31, 20xx Income Statement $19075 4750 1250 700 8000 $ 200 600 2000 Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accumulated Depe Accounts Payable Unearned Revenue Interest Payable Notes Payable Common Stock Retained...
Instructions state: Prepare a post closing trail balance for the firm on December 31, 2019. The...
Instructions state: Prepare a post closing trail balance for the
firm on December 31, 2019.
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and allowances Purchases Freight...
The adjusted trial balance for Jurassic Services Company at December 31, 2021 is as follows: Jurassic...
The adjusted trial balance for Jurassic Services Company at December 31, 2021 is as follows: Jurassic Services Company Adjusted Trial Balance December 31, 2021 Debit Credit Cash $21,400 Accounts receivable 1,500 Prepaid insurance 2,000 Prepaid rent 5,000 Supplies 3,330 Equipment 17,500 Accumulated depreciation-equipment $5,200 Furniture 25,000 Accumulated depreciation-furniture 4,250 Accounts payable 8,400 Salary payable 12,200 Unearned revenue 6,700 J. Jurassic, drawings 15,000 J. Jurassic, capital 58,567 Service revenue 33,500 Salary expense 24,387 Depreciation expense 4,500 Rent expense 5,500 Insurance expense...
The following data are taken from the unadjusted trial balance of the Westcott Company at December...
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account carries a normal balance and the accounts are shown here Accounts Payable Accounts Receivable Accumulated Depreciation-Equip Cash Equipment Prepaid Insurance Revenue Salaries Expense Supplies Common stock Retained earnings Dividends UnearnedRevenue Utilities Expense 12 15 21 39 18 18 24 10 32 12 12 Use the following adjustment information to complete the ten-column work sheet. a. Depreciation on equipment, $3 b. Accrued...
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 $...
Required information PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3,...
Required information PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018 604 304 904 304 204 204 304 3,204 304 Accounts Payable Accounts Receivable...
In-Class Case #4 Chapter 4 the following is an unadjusted trial balance before any adjustments have...
In-Class Case #4 Chapter 4 the following is an unadjusted trial balance before any adjustments have been made) for Garcia, Inc. at December 31 of the current year: Debit Credit 42,000 11,600 900 800 19,000 9,200 8,300 3,000 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Service Vehicles Accumulated Depreciation Other Assets Accounts Payable Wages Payable Income Taxes Payable Note Payable (3 years) Common Stock (5,000 shares outstanding) Additional Paid-in-Capital Retained Earnings Service Revenue Remaining Expenses Income Tax Expense Totals...
- ABE A A2 Normal No 567 Beyond Wonder Travel Agency (BWTA) had the trial balance shown below as at December 31 2018. Required: Using the information provided in the Trial balance and the additional information that follows, make the necessary adjusting entries in the books of the business on December 31 2018. Beyond Wonder Travel Agency Trial Balance as at December 31 2018. Debit (AED) Credit (AED) Cash 18,500 Mobile van 36,100 Accumulated depreciation mobile van 9.400 Prepaid rent...
Roth Contractors Corporation was incorporated on December 1,
2019 and had the following transactions during December: PART B
Here are answers to part A along with the instructions.
Part B The following information relates to December 31, 2019: o. One month of the prepaid insurance has expired. p. The December portion of the rent paid on December 1 has expired. q. A physical count indicates that $350 of supplies is still on hand. r. The amount collected in transaction m...
The unadiusted trial balance of Carrolton Inn Company at December 31, 2018, ali ule uala luer (Click the icon to view the unadjusted trial balance.) Click the icon to view the adjustm Read the requirements Requirement 3. Prepare the adjusted trial balance. Credit Review the ledger accounts. Carrolton Inn Company Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Cash $ 11,800 Accounts Receivable 13,100 Prepaid Insurance Office Supplies Building 420,000 Accumulated Depreciation-Building Accounts Payable Salaries Payable Unearned Revenue...
Instructions: Below is the adjusted trial balance for Central Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance. Central Advertising Inc. Adjusted Trial Balance August 31, 20xx Income Statement $19075 4750 1250 700 8000 $ 200 600 2000 Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accumulated Depe Accounts Payable Unearned Revenue Interest Payable Notes Payable Common Stock Retained...
Instructions state: Prepare a post closing trail balance for the
firm on December 31, 2019.
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Cash Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Social Security Tax Payable Medicare Tax Payable Steven Van Zant, Capital Steven Van Zant, Drawing Income Summary Sales Sales Returns and allowances Purchases Freight...
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Each account carries a normal balance and the accounts are shown here Accounts Payable Accounts Receivable Accumulated Depreciation-Equip Cash Equipment Prepaid Insurance Revenue Salaries Expense Supplies Common stock Retained earnings Dividends UnearnedRevenue Utilities Expense 12 15 21 39 18 18 24 10 32 12 12 Use the following adjustment information to complete the ten-column work sheet. a. Depreciation on equipment, $3 b. Accrued...
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 $...
Required information PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018 604 304 904 304 204 204 304 3,204 304 Accounts Payable Accounts Receivable...
In-Class Case #4 Chapter 4 the following is an unadjusted trial balance before any adjustments have been made) for Garcia, Inc. at December 31 of the current year: Debit Credit 42,000 11,600 900 800 19,000 9,200 8,300 3,000 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Service Vehicles Accumulated Depreciation Other Assets Accounts Payable Wages Payable Income Taxes Payable Note Payable (3 years) Common Stock (5,000 shares outstanding) Additional Paid-in-Capital Retained Earnings Service Revenue Remaining Expenses Income Tax Expense Totals...
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