Create a chart of T-Accounts and post each journal entry to the appropriate accounts
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Create a chart of T-Accounts and post each journal entry to the appropriate accounts Debit Credit...
Create a Trial Balance as of
June 30, 2015
Date Entry Post Ref. Credit Debit 70,000 101 307 70,000 128 12,240 101 12,240 25,000 25,000 155 153 101 12,000 12,500 24,500 131 3,600 101 3,600 June Cash Common Stock (to record investment) Prepaid Insurance Cash (to record prepayment of insurance) Cash Accounts Payable (to record loan) Rafts Trucks Cash | (to record purchase of Rafts and Truck) Prepaid Rent Cash (to record prepayment of rent 3 months) Unearned Guiding Revenue...
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
construct T-accounts
adjusting entries
post adjusting journal entries to the t-accounts, closiing
entries, post closung entries
Presented below is the December 31 trial balance of Sunland Boutique. SUNLAND BOUTIQUE TRIAL BALANCE DECEMBER 31 Debit Credit Cash $20,100 Accounts Receivable 39,800 Allowance for Doubtful Accounts $717 Inventory, December 31 80,410 Prepaid Insurance 5,350 Equipment 91,000 Accumulated Depreciation-Equipment 35,600 Notes Payable 27,530 Common Stock 74,607 Retained Earnings 10,990 Sales Revenue 705,086 Cost of Goods Sold 476,900 Salaries and Wages Expense (sales) 61,200...
can
anyone illustrate the T-accounts that would correspond with this
post closing trial balance and the transactions?
The Post-Closing Trial Balance of Salami, Inc. as of December 31, 2011 appears below. READ EACH DESCRIPTION CAREFULLY and record the transaction for its ending impact for 2012 NO QUESTIONS WILL BE ANSWERED. PRINT CLEARLY and USE COMPLETE Account Titles. 496,000 499,000 50,000 525,000 150,000 875,000 215,000 Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture and Fixtures...
Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Supplies 4,700 42,650 7,950 2,170 125,420 306,260 Land 153,250 Building Accumulated Depreciation--Building Equipment Accumulated Depreciation-Equipment Accounts Payable 150,720 109,150 13,370 7,590 325,800 Unearned Rent 16,630 361,430 Suzanne Emerson, Capital Suzanne Emerson, Drawing Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 215,410 47,350 25,300 19,160 6,870 970,590 970,590 The data needed to determine year-end adjustments are as follows: • Unexpired insurance at October 31, $5,330. •...
General Journal Debit Credit No 1 Date Jan 01, 2018 4,400 Cash Sales revenue 4,400 TOL 2 | Jan 01, 2018 2,900 Cost of goods sold Inventory 2,900 3 Jan 02, 2018 6,400 Equipment Accounts payable 6,400 1 4 | Jan 04, 2018 150 Advertising expense Accounts payable 150 T L 5 | Jan 08, 2018 5,900 Accounts receivable Sales revenue 5,900 Jan 08, 2018 3,700 Cost of goods sold Inventory 3,700 7 Jan 10, 2018 9,950 Inventory Accounts payable...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
Post the unadjusted balances and adjusted entries into the
appropriate t-accounts
Required information [The following information applies to the questions displayed below.] Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 32,600 41,000 2,000 61,000 Accounts receivable Supplies Inventory Notes receivable Interest receivable 21,000 Prepaid rent Prepaid insurance office equipment Accumulated depreciation...
Dump Company Post-Closing Trial Balance December 31, 2016 Account Debit Credit Cash $ Accounts Receivable 27,000 18,000 18,000 Merchandise Inventory 1,500 50,000 12,000 Prepaid Insurance Equipment and Fixtures Accumulated Depreciation Accounts Payable Salaries and Commissions Payable Common Stock 21,000 6,600 23,000 51,900 Retained Earnings $ 114,500 $ 114,500 Totals For the Quarter Ended March 31, 2017 Sales Revenue $ 121,700 60,850 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: 60,850 Commissions Expense 6,085 5,000 Salaries Expense Rent Expense...
me now Calculator Journal entry for fees earned Instructions Chart of Accounts Journal Instructions X Prepare a journal entry on April 30 for fees earned on account, $8,200. Refer to the Chart of Accounts for exact wording of account titles instructions Chart of Accounts Journal Instructions Chart of Accounts x Pr! ou of CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Supplies 14 Prepaid Rent 15 Land 16 Equipment...