Accounting
12/31/2018
(Adjustment a) Accrued salary expense, $800.
12/31/2018
(Adjustment b) Record Depreciation on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $3,000.
12/31/2018
(Adjustment c) Prepaid insurance for the month has expired.
12/31/2018
(Adjustment d) Office Supplies on hand, $450.
12/31/2018
(Adjustment e) Unearned Revenue earned during the month, $700.
12/31/2018
(Adjustment f) Accrued Service Revenue, $450.
12/31/2018
(Closing Entry 1) Close all revenue account.
12/31/2018
(Closing Entry 2) Close all expense accounts (compound entry).
12/31/2018
(Closing Entry 3) Close the Income Summary account.
12/31/2018
(Closing Entry 4) Close the Dividends account.
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i need help in what to put on the last three pages > Comprehensive Problem 1...
i need help in what to put on the last three pages
> Comprehensive Problem 1 for Chapters 1-4 Murphy Delivery Service completed the following transactions during December 2015 Dec. 1 Murphy Delivery Service began operations by receiving $13.000 cash and a truck with a fair value of $9.000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution Paid 5600 cash for a six-month insurance policy. The policy begins December 1 Paid 5750...
can you please mark the explanations while answering this practice problem? 1. 2. 3. etc Magness Delivery Service has completed closing entries and the accounting cycle for 2016. The busine...
can you please mark the explanations while answering this
practice problem?
1.
2.
3.
etc
Magness Delivery Service has completed closing entries and the accounting cycle for 2016. The business is now ready to record January 2017 transactions. Collected $1,000 cash from customer on account. 5 Purchased office supplies on account, $600. 12 Performed delivery services for a customer and received $2,000 cash. 15 Paid employee salary including the amount owed on December 31, $2,500. 18 Performed delivery services on...
Manning Delivery Service completed the following transactions duringDecember 2018: 1. Record each transaction in the journal...
Manning Delivery Service completed the following transactions duringDecember 2018: 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Dec. 1 Manning Delivery Service began operations by receiving $15,000 cash and a truck with a fair value of $18,000 from Radley Manning. The business issued Manning capital in exchange for this contribution. Dec. 1 Paid $900 cash for a six-month insurance policy. The policy begins December 1. Dec. 4 Paid $800 cash for...
Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon...
Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon to view the transactions.) Read the requirements Unadjusted Trial Balance Debit Credit Account Title a) 1.700 04 < 2.900 M Cash 26,850 Accounts Receivable 1.100 (0.1550 Office Supplies 800 (d) 750 Prepaid Insurance 1,800 (c) HR Truck 16,000 Acc Dep - Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1300(e) 600 Common Stock 35.000 Dividends Service Revenue 17.600 (e) 600 (f) 1.550 Salaries Expense...
cant find c,b, b,c and the totals Homework: Comprehensive Problem Score: 40.87 of 100 pts Comp4-1...
cant find c,b,
b,c and the totals
Homework: Comprehensive Problem Score: 40.87 of 100 pts Comp4-1 (similar to) Manning Delivery Service completed the following transactions during December 2018 (Click the icon to view the transactions.) Read the requirements Credit Credit Debit Credit Debit Credit Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Debit 26,850 2,650 (1) 1,550 Debit 26,850 1,100 800 1,800 16,000 1,650 16,000 Truck 190 (a) 1,700 1,700 Acc. Dep. --Truck Accounts Payable Salaries Payable Unearned Revenue...
This is an assignment that I am having a lot of trouble on. Comprehensive Problem Taylors...
This is an assignment that I am having a lot of trouble on.
Comprehensive Problem Taylors Delivery Service had the following transactions during December 2019: Dec 1 Taylors Delivery Service began operations by receiving $15,000 cash and with a fair value of $30,000 from the owner, Rue Taylor. The business ga Taylors capital in exchange for this contribution. Dec 1 Paid $2,000 cash for a 6-month insurance policy. The policy will begin on December 1. Dec 7 Paid Office Rent...
Buena Vista Social Club accumulates the following adjustment data at December 31. 1. Revenue of $5,000 collected in adva...
Buena Vista Social Club accumulates the following adjustment data at December 31. 1. Revenue of $5,000 collected in advance has been earned. 2. Salaries of $1,000 are unpaid. 3. Prepaid rent totaling $500 has expired. 4. Supplies of $450 have been used. 5. Revenue earned but unbilled total $1,000. 6. Utility expenses of $600 are unpaid. 7. InterestExpense of $300 has accrued on a note payable. Instructions For each of the above items indicate: The type of adjustment (prepaid...
The accounting records of Mackay Architects include the following selected, unadjusted balances at March 31: Accounts...
The accounting records of Mackay Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,500; Office Supplies, $700; Prepaid Rent, $2,240; Equipment, $8,000; Accumulated Depreciation-Equipment, $0; Salaries Payable, $0; Unearned Revenue, $900; Service Revenue, $4,100; Salaries Expense, $800; Supplies Expense, $0; Rent Expense, $0; Depreciation Expense-Equipment, $0. The data developed for the March 31 adjusting entries are as follows: a. Service revenue accrued, $700. b. Unearned revenue that has been earned, $100. c. Office Supplies on hand,...
Accounting
Murphy Delivery Service has completed closing entries and the accounting cycle for 2020. The business is now ready to record January 2021 transactions. Jan. 3 Collected $1,400 cash from customer on account. 5 Purchased office supplies on account, $1,250. 12 Performed delivery services for a customer and received $3,500 cash. 15 Paid employee salary, including the amount owed on December 31, $6,900. 18 Performed delivery services on account, $2,850. 20 Paid $900 on account. 24 Purchased fuel for the truck,...
i need help with 3-7 please. thanks! The requirements for this problem: 1. Record cach transaction...
i need help with 3-7 please. thanks!
The requirements for this problem: 1. Record cach transaction as a journal entry. 2. Post the transactions to T-accounts using the following chart of accounts. Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Deprec.- Truck Accounts Payable Salaries Payable Unearned Revenue Taylor, Capital Taylor, Withdrawals Income Summary Service Revenue Salaries Expense Rent Expense Deprec. Expense- Truck Insurance Expense Fuel Expense Off, Supplies Expense Advertising Expense 3. Prepare an unadjusted trial balance as...
i need help in what to put on the last three pages
> Comprehensive Problem 1 for Chapters 1-4 Murphy Delivery Service completed the following transactions during December 2015 Dec. 1 Murphy Delivery Service began operations by receiving $13.000 cash and a truck with a fair value of $9.000 from Russ Murphy. The business issued Murphy shares of common stock in exchange for this contribution Paid 5600 cash for a six-month insurance policy. The policy begins December 1 Paid 5750...
can you please mark the explanations while answering this
practice problem?
1.
2.
3.
etc
Magness Delivery Service has completed closing entries and the accounting cycle for 2016. The business is now ready to record January 2017 transactions. Collected $1,000 cash from customer on account. 5 Purchased office supplies on account, $600. 12 Performed delivery services for a customer and received $2,000 cash. 15 Paid employee salary including the amount owed on December 31, $2,500. 18 Performed delivery services on...
Comp4-1 (Similar U) Manning Delivery Service completed the following transactions during December 2018: (Click the icon to view the transactions.) Read the requirements Unadjusted Trial Balance Debit Credit Account Title a) 1.700 04 < 2.900 M Cash 26,850 Accounts Receivable 1.100 (0.1550 Office Supplies 800 (d) 750 Prepaid Insurance 1,800 (c) HR Truck 16,000 Acc Dep - Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1300(e) 600 Common Stock 35.000 Dividends Service Revenue 17.600 (e) 600 (f) 1.550 Salaries Expense...
cant find c,b,
b,c and the totals
Homework: Comprehensive Problem Score: 40.87 of 100 pts Comp4-1 (similar to) Manning Delivery Service completed the following transactions during December 2018 (Click the icon to view the transactions.) Read the requirements Credit Credit Debit Credit Debit Credit Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Debit 26,850 2,650 (1) 1,550 Debit 26,850 1,100 800 1,800 16,000 1,650 16,000 Truck 190 (a) 1,700 1,700 Acc. Dep. --Truck Accounts Payable Salaries Payable Unearned Revenue...
This is an assignment that I am having a lot of trouble on.
Comprehensive Problem Taylors Delivery Service had the following transactions during December 2019: Dec 1 Taylors Delivery Service began operations by receiving $15,000 cash and with a fair value of $30,000 from the owner, Rue Taylor. The business ga Taylors capital in exchange for this contribution. Dec 1 Paid $2,000 cash for a 6-month insurance policy. The policy will begin on December 1. Dec 7 Paid Office Rent...
The accounting records of Mackay Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,500; Office Supplies, $700; Prepaid Rent, $2,240; Equipment, $8,000; Accumulated Depreciation-Equipment, $0; Salaries Payable, $0; Unearned Revenue, $900; Service Revenue, $4,100; Salaries Expense, $800; Supplies Expense, $0; Rent Expense, $0; Depreciation Expense-Equipment, $0. The data developed for the March 31 adjusting entries are as follows: a. Service revenue accrued, $700. b. Unearned revenue that has been earned, $100. c. Office Supplies on hand,...
i need help with 3-7 please. thanks!
The requirements for this problem: 1. Record cach transaction as a journal entry. 2. Post the transactions to T-accounts using the following chart of accounts. Cash Accounts Receivable Office Supplies Prepaid Insurance Truck Accumulated Deprec.- Truck Accounts Payable Salaries Payable Unearned Revenue Taylor, Capital Taylor, Withdrawals Income Summary Service Revenue Salaries Expense Rent Expense Deprec. Expense- Truck Insurance Expense Fuel Expense Off, Supplies Expense Advertising Expense 3. Prepare an unadjusted trial balance as...
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