Homework Answers
TRIAL BALANCE
| PARTICULARS | DEBIT | CREDIT |
| Cash | 31400 | |
| Accounts Receivable | 13900 | |
| Prepaid Rent | 7500 | |
| Equipment | 10800 | |
| Unearned Revenues | 6800 | |
| Common Stock | 50000 | |
| Dividends | 5000 | |
| Service Revenue | 18800 | |
| Electricity Expense | 7000 | |
| TOTAL | 75600 | 75600 |
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Write the correct answer in the white boxes A new manager prepared the following Trial Balance...
1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all...
1. An inexperience bookkeeper prepared the following trial balance. Prepared a correct trial balance, assuming all account balances are normal. Erica Company Trial balance December 31, 2019. debit credit Cash $ 16, 800 Prepaid Insurance $3500 Account Payable 3000 Unearned Service Revenue 4200 Common Stock 13,000 Dividends 4,500 Service Revenue 25,600 Salaries and Wages Expense 18, 600 Rent Expense 2, 400 ___________ ________ $39, 600 $ 52, 000
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial...
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 2018 Debit Balances 18,000 39,960 Credit Balances Cash Accounts Receivable Supplies 2,520 178,020 Equipment Accumulated Depreciation - Equipment 59,400 21,600 Accounts Payable Salaries Payable 1,980 Unearned Rent 8,100 Common Stock 13,500 Retained Earnings 133,920 294,480 182,520 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does...
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial...
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 20Y0 Debit Balances Credit Balances Cash 10,400 Accounts Receivable 23,090 Supplies 1,460 Equipment 102,860 Accumulated Depreciation—Equipment 34,320 Accounts Payable 12,480 Salaries Payable 1,140 Unearned Rent 4,680 Common Stock 13,500 Retained Earnings 71,690 170,160 105,460 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31,...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
Question 1 of 10 An inexperienced bookkeeper prepared the following trial balance that does not balance....
Question 1 of 10 An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit BLOSSOM COMPANY Trial Balance December 31, 2020 Debit Cash $21.770 Prepaid Insurance Accounts Payable Unearned Revenue 1.775 Common Shares Retained Earnings Dividends Service Revenue Salaries and Wages Expense 14,540 Rent Expense $38,085 $ 2,405 2.510 9,000 6,540 5,010 26,360 2,460 $54,285 BLOSSOM COMPANY Trial Balance Debit Credit $ Total e Textbook and...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $19,250 $2,800 4,750 5,950 15,450 6,250 28,050 21,050 4,850 $62,150 $46,250 Prepare a correct trial balance, assuming all account balances are normal Prepare a correct trial balance, assuming all account balances are normal. Kingbird, Inc. Trlal balance Debit Credit Totals
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following...
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit $ 4,910 4,180 BLOSSOM COMPANY Trial Balance December 31, 2022 Debit Cash $37,000 Prepaid Insurance Accounts Payable Unearned Service Revenue 4,000 Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 11,770 Rent Expense $52,770 26,000 5,120 7,830 27,010 4,800 $79,850 BLOSSOM COMPANY Tral Balance...
Oliver Nicholas, the owner of Nicholas Marketing Services, prepared the following trial balance at December 31,...
Oliver Nicholas, the owner of Nicholas Marketing Services,
prepared the following trial balance at December 31, 2021.
NICHOLAS MARKETING SERVICES
Trial Balance
December 31, 2021
Debit Credit
Cash $6,500
Accounts receivable 21,280
Supplies 3,720
Prepaid insurance 4,650
Prepaid rent 3,165
Equipment 27,500
Unearned revenue $3,400
Notes payable 15,600
O. Nicholas, capital
34,660
O. Nicholas, drawings
3,600
Service revenue 39,200
Interest expense 150
Rent expense 6,700
Salaries expense 13,455
Telephone expense...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Account Title Credit Cash Accounts Receivable Prepaid Rent Office Supplies Land Debit $15,500 8,000 2,400 1,400 25,000 32,000 23,000 Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $10,400 2,500 20,000 59.000 6,800 78,400 34,000 15,000 20,000 59,000 6,800 78,400 Notes Payable Common Stock...
An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. IVANHOE COMPANY Trial Balance December 31, 2017 Credit Debit $21,970 Cash $5,220 Prepaid Insurance 3,670 Accounts Payable 3,990 Unearned Service Revenue 10,000 Common Stock 6,600 Retained Earnings 7,250 Dividends Service Revenue 27,320 12,350 Salaries and Wages Expense 4,790 Rent Expense $38,310 $64,850 IVANHOE COMPANY Trial Balance Debit Credit
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 2018 Debit Balances 18,000 39,960 Credit Balances Cash Accounts Receivable Supplies 2,520 178,020 Equipment Accumulated Depreciation - Equipment 59,400 21,600 Accounts Payable Salaries Payable 1,980 Unearned Rent 8,100 Common Stock 13,500 Retained Earnings 133,920 294,480 182,520 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
Question 1 of 10 An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit BLOSSOM COMPANY Trial Balance December 31, 2020 Debit Cash $21.770 Prepaid Insurance Accounts Payable Unearned Revenue 1.775 Common Shares Retained Earnings Dividends Service Revenue Salaries and Wages Expense 14,540 Rent Expense $38,085 $ 2,405 2.510 9,000 6,540 5,010 26,360 2,460 $54,285 BLOSSOM COMPANY Trial Balance Debit Credit $ Total e Textbook and...
Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Kingbird, Inc. Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $19,250 $2,800 4,750 5,950 15,450 6,250 28,050 21,050 4,850 $62,150 $46,250 Prepare a correct trial balance, assuming all account balances are normal Prepare a correct trial balance, assuming all account balances are normal. Kingbird, Inc. Trlal balance Debit Credit Totals
Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct trial balance, assuming all account balances are normal. Credit $ 4,910 4,180 BLOSSOM COMPANY Trial Balance December 31, 2022 Debit Cash $37,000 Prepaid Insurance Accounts Payable Unearned Service Revenue 4,000 Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 11,770 Rent Expense $52,770 26,000 5,120 7,830 27,010 4,800 $79,850 BLOSSOM COMPANY Tral Balance...
Oliver Nicholas, the owner of Nicholas Marketing Services,
prepared the following trial balance at December 31, 2021.
NICHOLAS MARKETING SERVICES
Trial Balance
December 31, 2021
Debit Credit
Cash $6,500
Accounts receivable 21,280
Supplies 3,720
Prepaid insurance 4,650
Prepaid rent 3,165
Equipment 27,500
Unearned revenue $3,400
Notes payable 15,600
O. Nicholas, capital
34,660
O. Nicholas, drawings
3,600
Service revenue 39,200
Interest expense 150
Rent expense 6,700
Salaries expense 13,455
Telephone expense...
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance December 31, 2019 Account Title Credit Cash Accounts Receivable Prepaid Rent Office Supplies Land Debit $15,500 8,000 2,400 1,400 25,000 32,000 23,000 Building Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense $10,400 2,500 20,000 59.000 6,800 78,400 34,000 15,000 20,000 59,000 6,800 78,400 Notes Payable Common Stock...
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