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ask IV. Prepare 2017 Financial Statements- 27 points Plymouth Consulting Adjusted Trial Balance 12/31/2017 Plymouth Consulting...
MARTINEZ PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit $29,500 56,400 Credit Cash Accounts Receivable...
MARTINEZ PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit $29,500 56,400 Credit Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Owner's Capital Service Revenue Rent Expense (13 months of rent) Salaries and Wages Expense Utilities Expenses Office Expense Totals $718 1,730 1,050 33,800 8,450 7,200 35,342 112,964 9,334 30,360 1,750 750 $164,674 $164,674 1. Fees received in advance from clients $6,010, which were recorded as revenue 2. Services performed for clients that...
The adjusted trial balance of Wong Consulting Services is as follows: WONG CONSULTING SERVICES Adjusted Trial...
The adjusted trial balance of Wong Consulting Services is as
follows:
WONG CONSULTING SERVICES
Adjusted Trial Balance
December 31, 2021
Debit
Credit
Cash
$2,500
Accounts receivable
1,000
Prepaid insurance
840
Supplies
140
Furniture
15,000
Accumulated depreciation – furniture
$1,200
Accounts payable
740
Salaries payable
610
Interest payable
34
Unearned revenue
200
Notes payable, due 2026
2,600
V. Wong, capital
5,500
V. Wong, drawings
8,300
Service revenue
30,436
Rent revenue
560
Depreciation expense
500
Insurance expense
740
Interest expense
120
Rent...
The following amounts appeared on Plymouth Electronics’ adjusted trial balance as of December 31, 2020. Debit Credi...
The following amounts appeared on Plymouth Electronics’ adjusted trial balance as of December 31, 2020. Debit Credit Merchandise inventory $ 19,200 Other assets 484,785 Liabilities $ 309,370 Celine Plymouth, capital 245,790 Celine Plymouth, withdrawals 66,700 Sales 939,000 Sales discounts 14,280 Sales returns and allowances 5,415 Interest income 690 Cost of goods sold 717,500 Sales salaries expense 78,900 Office salaries expense 56,200 Rent expense, selling space 32,700 Rent expense, office space 2,700 Store supplies expense 1,590 Office supplies expense 720...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31. Byran Sharpe made no capital contributions during the year. SHARPE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,900 Accounts Receivable 3,270 Supplies 5,060 Prepaid Insurance 1,500 Equipment 6,400 Accum. Depr. - Equipment $1,080 Accounts Payable 845 Long - Term Notes Payable 7,200 Common Stock 2,800 Retained Earnings 5,205 Dividends 2,900 Service Fees Earned 62,600 Rent Expense 15,500...
PREPARE A CLASSIFIED BALANCE SHEET 2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31,...
PREPARE A CLASSIFIED BALANCE SHEET
2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,300 9,000 15,800 101 112 157 158 201 208 301 306 400 429 711 726 732 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,700 4,700 1,900 45,200 16,200 64,200 6,500 9,500 56,000 15,400 $130,200 $130,200 riepai a MICIE...
Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of...
Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of Wilson Trucking Company. Account Titi Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Truck Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit | 7,000 16,500 2,00€ 183,080 $ 37,698 75,000 11,880 3,000 52,000 177,162 19,000 119,000 24, 315 55,811 7,000 10,234 $ 399,860 5 399,860...
Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of...
Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Credit $ 6,300 16,500 2,000 171,000 $ 35, 226 75,000 10,300 3,000 52,000 169,593 19,000 124,500 22,721 58,391 13,000 10,707 $394,619 $394,619 The...
Presented below is the adjusted trial balance of Tamarisk, Inc. at December 31, 2017. Prepare a...
Presented below is the adjusted trial balance of Tamarisk, Inc.
at December 31, 2017.
Prepare a classified balance sheet as of December 31, 2017.
We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2020, year-end:...
This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2020, year-end: Debit $ Credit 43,300 $ 18,000 68,300 19,800 8,300 133,000 10,300 12,500 3,400 61,500 225,075 250 2,800 100 Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, equipment Advertising expense Automobiles Cash Depreciation expense, automobiles Depreciation expense, equipment Equipment Revenue Interest income Interest expense Interest payable Interest receivable John Conroe, capital John Conroe, withdrawals Land Long-term notes payable Notes receivable (due in 90 days)...
MARTINEZ PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit $29,500 56,400 Credit Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Owner's Capital Service Revenue Rent Expense (13 months of rent) Salaries and Wages Expense Utilities Expenses Office Expense Totals $718 1,730 1,050 33,800 8,450 7,200 35,342 112,964 9,334 30,360 1,750 750 $164,674 $164,674 1. Fees received in advance from clients $6,010, which were recorded as revenue 2. Services performed for clients that...
The adjusted trial balance of Wong Consulting Services is as
follows:
WONG CONSULTING SERVICES
Adjusted Trial Balance
December 31, 2021
Debit
Credit
Cash
$2,500
Accounts receivable
1,000
Prepaid insurance
840
Supplies
140
Furniture
15,000
Accumulated depreciation – furniture
$1,200
Accounts payable
740
Salaries payable
610
Interest payable
34
Unearned revenue
200
Notes payable, due 2026
2,600
V. Wong, capital
5,500
V. Wong, drawings
8,300
Service revenue
30,436
Rent revenue
560
Depreciation expense
500
Insurance expense
740
Interest expense
120
Rent...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31. Byran Sharpe made no capital contributions during the year. SHARPE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,900 Accounts Receivable 3,270 Supplies 5,060 Prepaid Insurance 1,500 Equipment 6,400 Accum. Depr. - Equipment $1,080 Accounts Payable 845 Long - Term Notes Payable 7,200 Common Stock 2,800 Retained Earnings 5,205 Dividends 2,900 Service Fees Earned 62,600 Rent Expense 15,500...
PREPARE A CLASSIFIED BALANCE SHEET
2:06:08 PM / Remaining: 109 min. Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,300 9,000 15,800 101 112 157 158 201 208 301 306 400 429 711 726 732 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,700 4,700 1,900 45,200 16,200 64,200 6,500 9,500 56,000 15,400 $130,200 $130,200 riepai a MICIE...
Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of Wilson Trucking Company. Account Titi Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Truck Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit | 7,000 16,500 2,00€ 183,080 $ 37,698 75,000 11,880 3,000 52,000 177,162 19,000 119,000 24, 315 55,811 7,000 10,234 $ 399,860 5 399,860...
Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Credit $ 6,300 16,500 2,000 171,000 $ 35, 226 75,000 10,300 3,000 52,000 169,593 19,000 124,500 22,721 58,391 13,000 10,707 $394,619 $394,619 The...
Presented below is the adjusted trial balance of Tamarisk, Inc.
at December 31, 2017.
Prepare a classified balance sheet as of December 31, 2017.
We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
This alphabetized adjusted trial balance is for GalaVu Entertainment as of its December 31, 2020, year-end: Debit $ Credit 43,300 $ 18,000 68,300 19,800 8,300 133,000 10,300 12,500 3,400 61,500 225,075 250 2,800 100 Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, equipment Advertising expense Automobiles Cash Depreciation expense, automobiles Depreciation expense, equipment Equipment Revenue Interest income Interest expense Interest payable Interest receivable John Conroe, capital John Conroe, withdrawals Land Long-term notes payable Notes receivable (due in 90 days)...
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