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3) The unadjusted balance in Smith's Supplies t-account showed a debit balance of $3,100. A year-end...
AAA Corporation has the following trial balance (unadjusted on December 31, 2019: Cash $36,575 Accounts receivable...
AAA Corporation has the following trial balance (unadjusted on December 31, 2019: Cash $36,575 Accounts receivable 8,902 Prepaid insurance 20,389 Prepaid rent 28,600 Supplies 9,312 Building 270,000 Accumulated Depreciation $70,000 Accounts payable 40,300 Unearned service revenue 76,210 Common Stock 176,428 Retained earnings 10,840 On December 31, a physical count showed $3,000 of supplies remained. Which of the following is the adjusting entry required on December 31, 2019? Debit $6,312 to Supplies Expense, credit $6,312 to Cash Debit $6,312 to Supplies...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet a. Depreciation on equipment, $11 b. Accrued salaries, $7 c. The $15 of...
Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200...
Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance 6,000 Supplies Land 1,725 50,000 155,750 Building Accumulated Depreciation---Building 62,850 Equipment 45,000 Accumulated Depreciation Equipment 17,650 Accounts Payable 3,750 Unearned Rent Joni Reece, Capital Joni Reece, Drawing 3,600 153,550 8,000 Fees Eamed 158,600 Salaries and Wages Expense 56,850 Land 155,750 Building Accumulated Depreciation-Building S 62,850 45.000 I SA 17,650 Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent 3,750 3,600 Joni...
On January 7, a corporation purchased supplies of $1,200. At the end of the month it...
On January 7, a corporation purchased supplies of $1,200. At the end of the month it was determined that the supplies at the end of the period was only $200. What is the ADJUSTING entry that should be recorded as a result of this information? Debit supplies; credit supplies expense Debit supplies expense; credit Supplies Debit accounts receivable; credit Supplies expense Debit supplies ; credit cash Adjusting journal entries are divided into two main categories. What are these called? Depreciation...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit - Credit Cash $ 4,800 Accounts Receivable 10,400 Prepaid insurance 2,000 Prepaid Rent 1,ooo office Subblies 400 Equipment 16.500 Accumulated depreciation $2,400 Salaries payable Interest payable Uneamed Service Revenue Goo Ted Darcy, drawings 3,000 Service Revenue 32,700 Salaries expense 20,500 Depreciation expense Rent expense Дилму ади еxрил office Supplies expense I Interest expense 300 $ 58900 SEC 0 % 5E ܬܩܦ 1 Prepare necessary...
The following data are taken from the unadjusted trial balance of the Westcott Company at December...
The following data are taken from the unadjusted trial balance
of the Westcott Company at December 31. Complete the work sheet
following adjustment. Complete the Adjusted Trial Balance columns
of the work sheet. (Enter their balances in the correct Debit or
Credit column of the Unadjusted Trial Balance columns.)
Use the following adjustment information to complete the
Adjustments columns of the work sheet.
Depreciation on equipment,
$9
Accrued salaries, $13
The $29 of unearned revenue has been earned
Supplies available...
b. The Supplies account has an $1,600 debit balance to start the year. Supplies of $3,700...
b. The Supplies account has an $1,600 debit balance to start the year. Supplies of $3,700 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $1,050 of supplies remaining. DR or CR? 16,000 Debit Supplies 16,000 Step 1: Determine what the current account balance equals. ſ $ Step 2: Determine what the current account balance should equal. Step 3: Record the December 31, adjusting entry to get from step 1 to...
balance at the end of the month: Credit 875 The Lemur Golf Company Unadjusted Trial Balance...
balance at the end of the month: Credit 875 The Lemur Golf Company Unadjusted Trial Balance September 30, 2019 Account Name Debit Cash 21,610 Accounts Receivable 11,900 Prepaid Insurance 6,000 Supplies 1,820 Equipment 8,750 Accumulated Depreciation - Equip Automobile 26,750 Accounts Payable Unearned Golfing Revenue Contributed Capital Dividends 2,400 Retained Earnings Golfing Adventure Revenue Golf Lesson Revenue Salaries Expense 28,210 Rent Expense 13,790 Telephone Expense 5,250 Travel Expense 1,260 Interest Expense 14,870 142,610 10,585 2,800 37,800 20,000 55,550 15,000 142,610...
Millar Ltd has the following unadjusted trial balance at 31 December 2018. Account titles Debit Credit...
Millar Ltd has the following unadjusted trial balance at 31 December 2018. Account titles Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment Other assets (non-current) Accounts pavable Share capital (3000 shares outstanding all year) Retained profit Service revenue Cost of Goods Sold 19 600 7 000 1 300 900 27 000 12 000 5 100 7 500 16 000 10 300 48 000 32 900 93 800 93 800 Data not yet recorded at 31...
Consider the unadjusted trial balance of AEA Insurers at October31, 20x2, and the related month-enc adjustment...
Consider the unadjusted trial balance of AEA Insurers at October31, 20x2, and the related month-enc adjustment data. TRIAL BALANCE ACCOUNT TITLE DEBIT CREDIT Cash 6,300 Accounts receivable 8,000 Prepaid rent 6,000 Supplies 600 Equipment 27,000 Accumulated depreciation 3,000 Accounts payable 2,800 Salary payable Karen Cabot, capital 38,000 Karen Cabot, withdrawals 3,600 Service revenue 9,400 Salary expense 1,400 Rent expense Utilities expense 300 Depreciation expense Supplies expense _________ ________ 53,200 53,200 Adjustment data: Accrued service revenue at October 31,...
AAA Corporation has the following trial balance (unadjusted on December 31, 2019: Cash $36,575 Accounts receivable 8,902 Prepaid insurance 20,389 Prepaid rent 28,600 Supplies 9,312 Building 270,000 Accumulated Depreciation $70,000 Accounts payable 40,300 Unearned service revenue 76,210 Common Stock 176,428 Retained earnings 10,840 On December 31, a physical count showed $3,000 of supplies remained. Which of the following is the adjusting entry required on December 31, 2019? Debit $6,312 to Supplies Expense, credit $6,312 to Cash Debit $6,312 to Supplies...
1. & 2. 3. The following data are taken from the unadjusted trial balance of the Westcott Company at December 31. Complete the work sheet following adjustment Complete the Adjusted Trial Balance columns of the work sheet. (Enter their balances in the correct Debit or Credit column of the Unadjusted Trial Balance columns.) Use the following adjustment information to complete the Adjustments columns of the work sheet a. Depreciation on equipment, $11 b. Accrued salaries, $7 c. The $15 of...
Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance 6,000 Supplies Land 1,725 50,000 155,750 Building Accumulated Depreciation---Building 62,850 Equipment 45,000 Accumulated Depreciation Equipment 17,650 Accounts Payable 3,750 Unearned Rent Joni Reece, Capital Joni Reece, Drawing 3,600 153,550 8,000 Fees Eamed 158,600 Salaries and Wages Expense 56,850 Land 155,750 Building Accumulated Depreciation-Building S 62,850 45.000 I SA 17,650 Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent 3,750 3,600 Joni...
Adjusting Journal Entores The unadjusted balance of Darcy Consulting services at Decem 31, 2019 follows. Debit - Credit Cash $ 4,800 Accounts Receivable 10,400 Prepaid insurance 2,000 Prepaid Rent 1,ooo office Subblies 400 Equipment 16.500 Accumulated depreciation $2,400 Salaries payable Interest payable Uneamed Service Revenue Goo Ted Darcy, drawings 3,000 Service Revenue 32,700 Salaries expense 20,500 Depreciation expense Rent expense Дилму ади еxрил office Supplies expense I Interest expense 300 $ 58900 SEC 0 % 5E ܬܩܦ 1 Prepare necessary...
The following data are taken from the unadjusted trial balance
of the Westcott Company at December 31. Complete the work sheet
following adjustment. Complete the Adjusted Trial Balance columns
of the work sheet. (Enter their balances in the correct Debit or
Credit column of the Unadjusted Trial Balance columns.)
Use the following adjustment information to complete the
Adjustments columns of the work sheet.
Depreciation on equipment,
$9
Accrued salaries, $13
The $29 of unearned revenue has been earned
Supplies available...
b. The Supplies account has an $1,600 debit balance to start the year. Supplies of $3,700 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $1,050 of supplies remaining. DR or CR? 16,000 Debit Supplies 16,000 Step 1: Determine what the current account balance equals. ſ $ Step 2: Determine what the current account balance should equal. Step 3: Record the December 31, adjusting entry to get from step 1 to...
balance at the end of the month: Credit 875 The Lemur Golf Company Unadjusted Trial Balance September 30, 2019 Account Name Debit Cash 21,610 Accounts Receivable 11,900 Prepaid Insurance 6,000 Supplies 1,820 Equipment 8,750 Accumulated Depreciation - Equip Automobile 26,750 Accounts Payable Unearned Golfing Revenue Contributed Capital Dividends 2,400 Retained Earnings Golfing Adventure Revenue Golf Lesson Revenue Salaries Expense 28,210 Rent Expense 13,790 Telephone Expense 5,250 Travel Expense 1,260 Interest Expense 14,870 142,610 10,585 2,800 37,800 20,000 55,550 15,000 142,610...
Millar Ltd has the following unadjusted trial balance at 31 December 2018. Account titles Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment Other assets (non-current) Accounts pavable Share capital (3000 shares outstanding all year) Retained profit Service revenue Cost of Goods Sold 19 600 7 000 1 300 900 27 000 12 000 5 100 7 500 16 000 10 300 48 000 32 900 93 800 93 800 Data not yet recorded at 31...
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