Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:
| Crazy Mountain Outfitters Co. | ||||
| Unadjusted Trial Balance | ||||
| April 30, 20Y5 | ||||
|
Debit Balances |
Credit Balances |
|||
| Cash | 13,880 | |||
| Accounts Receivable | 92,140 | |||
| Supplies | 22,200 | |||
| Equipment | 464,980 | |||
| Accounts Payable | 21,650 | |||
| Unearned Fees | 24,420 | |||
| Common Stock | 55,000 | |||
| Retained Earnings | 264,000 | |||
| Dividends | 18,320 | |||
| Fees Earned | 555,060 | |||
| Wages Expense | 128,770 | |||
| Rent Expense | 98,250 | |||
| Utilities Expense | 70,490 | |||
| Miscellaneous Expense | 11,100 | |||
| 920,130 | 920,130 | |||
For preparing the adjusting entries, the following data were assembled:
- Supplies on hand on April 30 were $8,200.
- Fees earned but unbilled on April 30 were $10,050.
- Depreciation of equipment was estimated to be $13,880 for the year.
- Unpaid wages accrued on April 30 were $1,780.
- The balance in unearned fees represented the April 1 receipt in
advance for services to be provided. Only $19,290 of the services
was provided between April 1 and April 30.
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Crazy Mountain Outfitters Co., an outfitter store for fishing
treks, prepared the following unadjusted trial balance...
Adjusting Entries Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted...
Adjusting Entries Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations: Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2019 Debit Balances Credit Balances Cash 11,400 Accounts Receivable 72,600 Supplies 7,200 Equipment 112,000 Accounts Payable 12,200 Unearned Fees 19,200 137,800 John Bridger, Capital John Bridger, Drawing 10,000 Fees Earned 305,800 Wages Expense Rent Expense Utilities Expense 157,800 55,000 42,000 7,000 Miscellaneous Expense 475,000...
Crazy Mountain Outfitters Co. Unadjusted Trial Balance December 31, 2015 Debit Balances Credit Balances Cash 14,030...
Crazy Mountain Outfitters Co. Unadjusted Trial Balance December 31, 2015 Debit Balances Credit Balances Cash 14,030 Accounts Receivable 93,140 Supplies 22,440 Equipment 479,560 Accum Deprec 0 Accounts Payable 21,880 0 Wages payable 24,690 Unearned Fees Common Stock 55,000 Retained Earnings 277,000 Dividends 18,520 Fees Earned 561,080 Wages Expense 130,170 99,310 Rent Expense Supplies Expense Depreciation Expense 0 0 71,260 Utilities Expense Miscellaneous Expense 11,220 939,650 939,650 1. For preparing the 5 adjusting entries, the following data were assembled: a. Supplies...
Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the...
Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Balances Credit Balances Cash 12,830 Accounts Receivable 85,210 Supplies 20,530 Equipment 430,000 Accounts Payable 20,020 Unearned Fees 22,590 Common Stock 55,000 Retained Earnings 240,000 Dividends 16,940 Fees Earned 513,300 Wages Expense 119,090 Rent Expense 90,850 Utilities Expense 65,190 Miscellaneous Expense 10,270 850,910 850,910 For preparing the...
on) Calculator Printem Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial...
on) Calculator Printem Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Credit Balances Balances Cash 12,410 82,400 Accounts Receivable Supplies 19,860 Equipment 422,560 Accounts Payable 19,360 21,840 Unearned Fees 55,000 237,000 Common Stock Retained Earnings Dividends Fees Earned 16,380 496,400 Wages Expense 115,160 87,860 Rent Expense Utilities Expense 63,040 Miscellaneous Expense 9,930 829,600 829,600...
Adjusting Entries Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance...
Adjusting Entries Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service Unadjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cach 13,800 Accounts Receivable Supplies 91,610 22,070 519,140 Equipment Accounts Payable 21,520 24,280 374,000 Unearned Fees Nancy Townes, Capital Nancy Townes, Drawing 18,210 551,870 Fees Eamed Wages Expense 128,030 97,680 70,090 Rent Expense Utilities Expense Miscellaneous Expense 11,040 971,670 971,670 For...
Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the...
Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,350.00 2 Accounts Receivable 67,500.00 3 Supplies 16,200.00 4 Equipment 166,100.00 5 Accounts Payable 15,750.00 6 Unearned Fees 18,000.00 7 Nancy Townes, Capital 171,500.00 8 Nancy Townes, Drawing 13,500.00 9 Fees Earned 294,750.00 10 Wages Expense 94,500.00 11 Rent Expense 72,000.00...
Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the...
Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 9,880.00 2 Accounts Receivable 67,550.00 3 Supplies 16,160.00 4 Equipment 114,550.00 5 Accounts Payable 15,790.00 6 Unearned Fees 17,600.00 7 Nancy Townes, Capital 122,210.00 8 Nancy Townes, Drawing 13,210.00 9 Fees Earned 291,830.00 10 Wages Expense 94,040.00 11 Rent Expense 71,870.00...
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Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,210.00 2 Accounts Receivable 67,660.00 3 Supplies 15,710.00 4 Equipment 111,420.00 5 Accounts Payable 15,920.00 6 Unearned Fees 17,840.00 7 Common Stock 8,500.00 8 Retained Earnings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 14 Miscellaneous Expense 8,200.00 15 Totals 445,330.00 445,330.00 For preparing the adjusting entries, the following data were assembled:...
Problem 1 N&G Co. and outfitter store prepared the following unad ter store prepared the following unadiusted t...
Problem 1 N&G Co. and outfitter store prepared the following unad ter store prepared the following unadiusted trial balance at the end of its first year of operations: Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Fees S.G., Capital S.G., Drawing Fees earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense Unadjusted Trial Balance Debit Credit 50,000 15,000 10,000 100,000 20,000 25,000 35,000 10,000 250,000 80,000 40,000 20,000 5,000 330,000 330,000 For preparing the adjusting entries, the following data were...
1. Journalize the adjusting entries necessary on November 30, 20Y3. Refer to the Chart of Accounts...
1.
Journalize the adjusting entries necessary on November 30,
20Y3. Refer to the Chart of Accounts for exact wording of account
titles.
2.
Determine the revenues, expenses, and net income of Trident
Repairs & Service before the adjusting entries.
3.
Determine the revenues, expenses, and net income of Trident
Repairs & Service after the adjusting entries.
4.
Determine the effect of the adjusting entries on Retained
Earnings.
Adjusting entries Instructions Chart of Accounts Journal Final Questions Instructions UNADJUSTED TRIAL BALANCE...
Adjusting Entries Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations: Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2019 Debit Balances Credit Balances Cash 11,400 Accounts Receivable 72,600 Supplies 7,200 Equipment 112,000 Accounts Payable 12,200 Unearned Fees 19,200 137,800 John Bridger, Capital John Bridger, Drawing 10,000 Fees Earned 305,800 Wages Expense Rent Expense Utilities Expense 157,800 55,000 42,000 7,000 Miscellaneous Expense 475,000...
Crazy Mountain Outfitters Co. Unadjusted Trial Balance December 31, 2015 Debit Balances Credit Balances Cash 14,030 Accounts Receivable 93,140 Supplies 22,440 Equipment 479,560 Accum Deprec 0 Accounts Payable 21,880 0 Wages payable 24,690 Unearned Fees Common Stock 55,000 Retained Earnings 277,000 Dividends 18,520 Fees Earned 561,080 Wages Expense 130,170 99,310 Rent Expense Supplies Expense Depreciation Expense 0 0 71,260 Utilities Expense Miscellaneous Expense 11,220 939,650 939,650 1. For preparing the 5 adjusting entries, the following data were assembled: a. Supplies...
on) Calculator Printem Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Credit Balances Balances Cash 12,410 82,400 Accounts Receivable Supplies 19,860 Equipment 422,560 Accounts Payable 19,360 21,840 Unearned Fees 55,000 237,000 Common Stock Retained Earnings Dividends Fees Earned 16,380 496,400 Wages Expense 115,160 87,860 Rent Expense Utilities Expense 63,040 Miscellaneous Expense 9,930 829,600 829,600...
Adjusting Entries Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service Unadjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cach 13,800 Accounts Receivable Supplies 91,610 22,070 519,140 Equipment Accounts Payable 21,520 24,280 374,000 Unearned Fees Nancy Townes, Capital Nancy Townes, Drawing 18,210 551,870 Fees Eamed Wages Expense 128,030 97,680 70,090 Rent Expense Utilities Expense Miscellaneous Expense 11,040 971,670 971,670 For...
Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,210.00 2 Accounts Receivable 67,660.00 3 Supplies 15,710.00 4 Equipment 111,420.00 5 Accounts Payable 15,920.00 6 Unearned Fees 17,840.00 7 Common Stock 8,500.00 8 Retained Earnings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 14 Miscellaneous Expense 8,200.00 15 Totals 445,330.00 445,330.00 For preparing the adjusting entries, the following data were assembled:...
Problem 1 N&G Co. and outfitter store prepared the following unad ter store prepared the following unadiusted trial balance at the end of its first year of operations: Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Fees S.G., Capital S.G., Drawing Fees earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense Unadjusted Trial Balance Debit Credit 50,000 15,000 10,000 100,000 20,000 25,000 35,000 10,000 250,000 80,000 40,000 20,000 5,000 330,000 330,000 For preparing the adjusting entries, the following data were...
1.
Journalize the adjusting entries necessary on November 30,
20Y3. Refer to the Chart of Accounts for exact wording of account
titles.
2.
Determine the revenues, expenses, and net income of Trident
Repairs & Service before the adjusting entries.
3.
Determine the revenues, expenses, and net income of Trident
Repairs & Service after the adjusting entries.
4.
Determine the effect of the adjusting entries on Retained
Earnings.
Adjusting entries Instructions Chart of Accounts Journal Final Questions Instructions UNADJUSTED TRIAL BALANCE...
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