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The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance tab. Information for adjustments is os follows: o. As of December 31, employees had earned $2.000 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.400. c. The notes payable requires an interest payment to be made every three months. The amount...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800...
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of...
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Credit Debit $18,000 13,300 2,000 23,000 $ 6,500 45,480 Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 A. Cruz, Capital 302 A. Cruz, withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 6,000 44,800 2.000 26,118 1.882 3.002 1.478 $96,780 $96.780 1. Prepare the...
The unadjusted trial balance of the Contracts Plus Company as of December 31 is found on...
The unadjusted trial balance of the Contracts Plus Company as of December 31 is found on the trial balance tab. The following Information is required to prepare the necessary adjusting entries for the Contracts Plus Company 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $3,150. Review...
The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. No. Credit $...
The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. No. Credit $ Debit 6,000 23,500 8,300 8,700 60,000 $ 30,000 153,000 51,000 62,780 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251...
American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance...
American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2021 Debits Credits 98,000 930,000 6,500 points Account Title Retained earnings Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Insurance expense 510,000 170.000 33,000 48,000 6.800 7,800 eBook References Required: Prepare the necessary closing entries at December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required"...
On December 31, 2016, the ledger of Hernandez Company contained the following account balances: Cash $11,800...
On December 31, 2016, the ledger of Hernandez Company contained the following account balances: Cash $11,800 31,300 Maria Hernandez, Drawing 2,050 Fees Income 1,250 Depreciation Expense 45,250 O O ONO O O 1,900 15,300 V Salaries Expense Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Hernandez, Capital 1,650 Supplies Expense 2,150 Telephone Expense 46,550. Utilities Expense 1.750 2000 70,550 - Prepare the closing entries for the above transactions. D View transaction list Journal entry worksheet 1 2 3 4...
On December 31, 2019, the ledger of Lopez Company contained the following account balances Cash Accounts...
On December 31, 2019, the ledger of Lopez Company contained the following account balances Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $32,999 Maria Lopez, Drawing 2,850 Fees Income 2,050 Depreciation Expense 25,900 Salaries Expense 2,450 Supplies Expense 2,950 Telephone Expense 48,150 Utilities Expense $13,400 53,250 2,700 16,999 2,950 2,550 4,600 Prepare the closing entries for the above transactions, View transaction list Journal entry worksheet < 1 2 3 Prepare the closing entry for the drawing...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000 59,000 208 Reiterest bayable TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title Debit 101 Cash $ 7,500 104 Short-term investments 22,500 126 Supplies 8,700 128 Prepaid insurance 7,300 167 Equipment 40,000 168 Accumulated depreciation-Equipment 173 Building 177,000 174 Accumulated depreciation-Building 183 Land 56,720 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance tab. Information for adjustments is os follows: o. As of December 31, employees had earned $2.000 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.400. c. The notes payable requires an interest payment to be made every three months. The amount...
ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800...
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. Credit Debit $18,000 13,300 2,000 23,000 $ 6,500 45,480 Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 A. Cruz, Capital 302 A. Cruz, withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals 6,000 44,800 2.000 26,118 1.882 3.002 1.478 $96,780 $96.780 1. Prepare the...
The unadjusted trial balance of the Contracts Plus Company as of December 31 is found on the trial balance tab. The following Information is required to prepare the necessary adjusting entries for the Contracts Plus Company 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $3,150. Review...
The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. No. Credit $ Debit 6,000 23,500 8,300 8,700 60,000 $ 30,000 153,000 51,000 62,780 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251...
American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2021 Debits Credits 98,000 930,000 6,500 points Account Title Retained earnings Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Insurance expense 510,000 170.000 33,000 48,000 6.800 7,800 eBook References Required: Prepare the necessary closing entries at December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required"...
On December 31, 2016, the ledger of Hernandez Company contained the following account balances: Cash $11,800 31,300 Maria Hernandez, Drawing 2,050 Fees Income 1,250 Depreciation Expense 45,250 O O ONO O O 1,900 15,300 V Salaries Expense Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Hernandez, Capital 1,650 Supplies Expense 2,150 Telephone Expense 46,550. Utilities Expense 1.750 2000 70,550 - Prepare the closing entries for the above transactions. D View transaction list Journal entry worksheet 1 2 3 4...
On December 31, 2019, the ledger of Lopez Company contained the following account balances Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $32,999 Maria Lopez, Drawing 2,850 Fees Income 2,050 Depreciation Expense 25,900 Salaries Expense 2,450 Supplies Expense 2,950 Telephone Expense 48,150 Utilities Expense $13,400 53,250 2,700 16,999 2,950 2,550 4,600 Prepare the closing entries for the above transactions, View transaction list Journal entry worksheet < 1 2 3 Prepare the closing entry for the drawing...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000 59,000 208 Reiterest bayable TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title Debit 101 Cash $ 7,500 104 Short-term investments 22,500 126 Supplies 8,700 128 Prepaid insurance 7,300 167 Equipment 40,000 168 Accumulated depreciation-Equipment 173 Building 177,000 174 Accumulated depreciation-Building 183 Land 56,720 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...
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