Homework Answers
Answer : True.
>> Ending Accounts payable = Beginning Payable + Increases - Decreases
>> Ending Accounts payable = 0 + $ 7,200 - $ 4,000
>> Ending Accounts payable = 3,200.
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In reviewing the T-account for Accounts Payable, you find that the beginning balance is zero, the...
Given the following T- Account information, what is the balance in accounts payable? Accounts Payable 222...
Given the following T- Account information, what is the balance in accounts payable? Accounts Payable 222 425 920 1/20 230 1/6 1/5 O A. $920 credit balance O B. $265 credit balance O C. $655 debit balance OD. $265 debit balance
The beginning balance in the Common Stock account of a company was $12,000. The revenues and...
The beginning balance in the Common Stock account of a company was $12,000. The revenues and expenses were $230,000 and $120,000, respectively During the year, the company declared and paid dividends of $4,000. The ending balance in the Retained Earnings was $106,000 (Assume that the beginning balance of Retained Earnings was zero) O O True False
Consider the following T-account for Accounts payable. Accounts Payable 10,200 8,800 4,500 Compute the balance of...
Consider the following T-account for Accounts payable. Accounts Payable 10,200 8,800 4,500 Compute the balance of the Accounts payable account. ces Ending balance < Prey Atcearch C
only final answers plz 15. The Accounts Receivable account has a beginning balance of $10,000 and...
only final answers plz
15. The Accounts Receivable account has a beginning balance of $10,000 and the company provides services $50,000 on account during the month. If the company received cash payments from customers totaling $12,000 from customers during the month, what is the ending balance in the Accounts Receivable account? A. $50,000 B. $52,000 C. $48,000. D. $62,000. 16. When cash payments are made to stockholders, what is the effect on the company's accounts? A. Cash decreases and dividends...
Post each transaction to T-accounts and compute the end balance of each account. Consider the recorded...
Post each transaction to T-accounts and compute the end balance
of each account.
Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies Accounts Payable 1,900 9,400 3. Cash Accounts Receivable 9,400 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,900 2,900 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions...
Accounts Payable had a balance of $18,360 at the beginning of the month. During the month,...
Accounts Payable had a balance of $18,360 at the beginning of the month. During the month, three debits in the amounts of $4,540, $11140, and $14,640 were posted to Accounts Payable, and three credits in the amounts of $3,760, $9,660, and $12,860 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice o o o o
The Accounts Payable account has a beginning balance of $10.500 and the company purchased $46,000 of...
The Accounts Payable account has a beginning balance of $10.500 and the company purchased $46,000 of supplies on account during the month. The ending balance was $18,600 How much did the company pay to creditors during the month? M ele Choice Ο Ο Ο Ο
Kaufman Company had a beginning normal balance of $15,000 in the accounts payable account. The accountant...
Kaufman Company had a beginning normal balance of $15,000 in the accounts payable account. The accountant posted a $5,000 credit on May 6, a $2,500 credit on May 14, and a $8,000 debit on May 26. What is the balance of accounts payable in the general ledger? Select one: a. $14,500 credit b. $15,500 credit c. $4,500 debit d. $15,500 debit
The accounts payable account has a beginning balance of $10,800 and the company purchased $50,000 of...
The accounts payable account has a beginning balance of $10,800 and the company purchased $50,000 of supplies on account during the month. The ending balance was $19,900. How much did the company pay to creditors during the month? Multiple Choice Ο $69,900 Ο $60,800 Ο $50,000 Ο $40,900
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300...
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
Given the following T- Account information, what is the balance in accounts payable? Accounts Payable 222 425 920 1/20 230 1/6 1/5 O A. $920 credit balance O B. $265 credit balance O C. $655 debit balance OD. $265 debit balance
The beginning balance in the Common Stock account of a company was $12,000. The revenues and expenses were $230,000 and $120,000, respectively During the year, the company declared and paid dividends of $4,000. The ending balance in the Retained Earnings was $106,000 (Assume that the beginning balance of Retained Earnings was zero) O O True False
Consider the following T-account for Accounts payable. Accounts Payable 10,200 8,800 4,500 Compute the balance of the Accounts payable account. ces Ending balance < Prey Atcearch C
only final answers plz
15. The Accounts Receivable account has a beginning balance of $10,000 and the company provides services $50,000 on account during the month. If the company received cash payments from customers totaling $12,000 from customers during the month, what is the ending balance in the Accounts Receivable account? A. $50,000 B. $52,000 C. $48,000. D. $62,000. 16. When cash payments are made to stockholders, what is the effect on the company's accounts? A. Cash decreases and dividends...
Post each transaction to T-accounts and compute the end balance
of each account.
Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies Accounts Payable 1,900 9,400 3. Cash Accounts Receivable 9,400 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,900 2,900 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions...
Accounts Payable had a balance of $18,360 at the beginning of the month. During the month, three debits in the amounts of $4,540, $11140, and $14,640 were posted to Accounts Payable, and three credits in the amounts of $3,760, $9,660, and $12,860 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice o o o o
The Accounts Payable account has a beginning balance of $10.500 and the company purchased $46,000 of supplies on account during the month. The ending balance was $18,600 How much did the company pay to creditors during the month? M ele Choice Ο Ο Ο Ο
The accounts payable account has a beginning balance of $10,800 and the company purchased $50,000 of supplies on account during the month. The ending balance was $19,900. How much did the company pay to creditors during the month? Multiple Choice Ο $69,900 Ο $60,800 Ο $50,000 Ο $40,900
Calculate and enter the ending balance for each t-account. Equipment Accounts Payable Dec. 1 26,800 28,300 Dec. 2 Dec. 1 24,800 50,100 Dec. 2 Dec. 2 5,300 13,000 Dec. 3 Dec. 2 3,900 21,900 Dec 3 Dec. 5 21,300 6,800 Dec. 4 Dec. 5 19,000 13,300 Dec. 4 Dec. 6 10,600 1,300 Dec. 6 Dec. 6 9,500 2,400 Dec. 6 Dec. 7 24,800 19,100 Dec. 10 Dec. 7 22,200 34,000 Dec. 10 Common Stock Dividends 24,400 Dec. 2 Dec. 1...
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