Homework Answers
question 6. Answer is CREDIT
Normal balance of EQUITY,, LIABILITY, INCOME, PROFIT is CREDIT
Normal balance of Asset, expense, loss profit is DEBIT
Question 7. Answer is option c) Unearned Rent
Unearned rent is a Liability, Thus it is a Balance sheet item
Add Answer to:
Question 6 (1 point) What is the normal balance for stockholders' equity and owner's equity accounts?...
Bolton Consulting Work Sheet For the year ended December 31 Balance Sheet and Statement of Stockholders...
Bolton Consulting Work Sheet For the year ended December 31 Balance Sheet and Statement of Stockholders Income Statement Equity Adjusted Unadjusted Trial Trial Balance Adjustments Balance Account Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Cash 31,000 Accounts Receivable 8,000 Supplies 12,500 Automobiles 175,000 Accum. Depr. - Autos 52,000 17,500 Accounts payable Unearned 26,500 fees Salaries payable Capital Stock 58.000 Dividends 42,500 241,750 Fees earned Salary 91,000 Module 8: Portfolio Project 262020 expense Rent expense 35,750 Advertising expense...
i need to make a income statement, statement of stockholders equity, and a balance sheet, in...
i need to make a income statement, statement of stockholders
equity, and a balance sheet, in a good form
To check your journal entries and postings, here is the trial balance as of November 31, 2014 APPLE REALTY Trial Balance November 30, 2014 Cash... Accounts Receivable..... Prepaid Insurance ...... Office Supplies Land... Accounts Payable.......... Unearned Rent.. Notes Payable ... ....... Common Stock ..................... Retained Earnings. Dividends Fees Earned .... ......... . . Salary and Commission Expense....... Rent Expense..... ..... Advertising...
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's...
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's...
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
#2 GENERAL LEDGER LIABILITIES OWNER'S EQUITY Un Bal 10,000 Accounts Payable 3.300 Un Bal M. Capital...
#2 GENERAL LEDGER LIABILITIES OWNER'S EQUITY Un Bal 10,000 Accounts Payable 3.300 Un Bal M. Capital 22,100 Un Bal Un Ball M. Withdrawals 5,200 ACCOUNTS REC Salaries Payable Un Bal 26,900 Legal Fees Revenues 54,400 Un Bal PREPAID INSURANCE Un Ball 1,800 Uneared Legal Fees Utilities Expense S.000 Un Bal Office Supplies 2,000 Office Supplies Eup Office Equipment 5,000 Salaries Expense 26,000 Un Ball Un Bal Accumulated Depr. OE 1,500 Un Bal Insurance Expense Depreciation Expense 13 Compute balances of...
The unadjusted trial balance of Bolton Consulting is entered on the partial worksheet below. Bolton Consulting...
The unadjusted trial balance of Bolton Consulting is entered on the partial worksheet below. Bolton Consulting Work Sheet For the year ended December 31 Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet and Statement of Stockholders’ Equity Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 31,000 Accounts Receivable 8,000 Supplies 12,500 Automobiles 175,000 Accum. Depr. - Autos 52,000 Accounts payable 17,500 Unearned fees 26,500 Salaries payable Capital Stock 58,000 Dividends 42,500 Fees earned...
Question 1 Question 2 Question 3 Question 4 Question 5 Which of the following pairs of...
Question 1
Question 2
Question 3
Question 4
Question 5
Which of the following pairs of accounts could not appear in the same adjusting entry? Salaries Payable and Salaries Expense Interest Income and Interest Expense Fees Earned and Unearned Fees Rent Expense and Prepaid Rent On which financial statement will Income Summary be shown? no financial statement retained earnings statement balance sheet Ń… income statement For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial Balance Account Title...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet....
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
these show wrong Return Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity...
these show wrong
Return Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Dr. Cr. Dr. Cr. Account Title Dr. Cr. No. $ 101 $ 4,300 4,300 Cash 106 18,791 18.791 Accounts receivable 40,000 40,000 153 Trucks 16,080 X $ 16,080 $ 16,080 154 30,000 30 000 183 201 209 10 019 2.292 1 692 60.710 10,019 2,292 1,692 60 710 Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned fees F. Planta, Capital F. Planta. Withdrawals Plumbing...
list of accounts Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
Bolton Consulting Work Sheet For the year ended December 31 Balance Sheet and Statement of Stockholders Income Statement Equity Adjusted Unadjusted Trial Trial Balance Adjustments Balance Account Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Cash 31,000 Accounts Receivable 8,000 Supplies 12,500 Automobiles 175,000 Accum. Depr. - Autos 52,000 17,500 Accounts payable Unearned 26,500 fees Salaries payable Capital Stock 58.000 Dividends 42,500 241,750 Fees earned Salary 91,000 Module 8: Portfolio Project 262020 expense Rent expense 35,750 Advertising expense...
i need to make a income statement, statement of stockholders
equity, and a balance sheet, in a good form
To check your journal entries and postings, here is the trial balance as of November 31, 2014 APPLE REALTY Trial Balance November 30, 2014 Cash... Accounts Receivable..... Prepaid Insurance ...... Office Supplies Land... Accounts Payable.......... Unearned Rent.. Notes Payable ... ....... Common Stock ..................... Retained Earnings. Dividends Fees Earned .... ......... . . Salary and Commission Expense....... Rent Expense..... ..... Advertising...
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
#2 GENERAL LEDGER LIABILITIES OWNER'S EQUITY Un Bal 10,000 Accounts Payable 3.300 Un Bal M. Capital 22,100 Un Bal Un Ball M. Withdrawals 5,200 ACCOUNTS REC Salaries Payable Un Bal 26,900 Legal Fees Revenues 54,400 Un Bal PREPAID INSURANCE Un Ball 1,800 Uneared Legal Fees Utilities Expense S.000 Un Bal Office Supplies 2,000 Office Supplies Eup Office Equipment 5,000 Salaries Expense 26,000 Un Ball Un Bal Accumulated Depr. OE 1,500 Un Bal Insurance Expense Depreciation Expense 13 Compute balances of...
Question 1
Question 2
Question 3
Question 4
Question 5
Which of the following pairs of accounts could not appear in the same adjusting entry? Salaries Payable and Salaries Expense Interest Income and Interest Expense Fees Earned and Unearned Fees Rent Expense and Prepaid Rent On which financial statement will Income Summary be shown? no financial statement retained earnings statement balance sheet Ń… income statement For the Year Ended December 31 Income Statement Balance Sheet Adjusted Trial Balance Account Title...
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Owner's Equity, and Balance Sheet. Enter any decreases with a minus sign or parentheses SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 19,200 Accounts Receivable 10,600 Office Supplies 200 Expenses: Prepaid Rent 12,800 Furniture 22,500 7.700 Accounts Payable Salaries Payable Interest Payable 2,500 600 300 Total Expenses Unearned Revenue 6,400 9,000 25,400 Net Income Notes Payable Bright, Capital Bright, Withdrawals 32,700 Service...
these show wrong
Return Adjusted Trial Balance Income Statement Balance Sheet and Statement of Owner's Equity Dr. Cr. Dr. Cr. Account Title Dr. Cr. No. $ 101 $ 4,300 4,300 Cash 106 18,791 18.791 Accounts receivable 40,000 40,000 153 Trucks 16,080 X $ 16,080 $ 16,080 154 30,000 30 000 183 201 209 10 019 2.292 1 692 60.710 10,019 2,292 1,692 60 710 Accumulated depreciation-Trucks Land Accounts payable Salaries payable Unearned fees F. Planta, Capital F. Planta. Withdrawals Plumbing...
list of accounts
Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit $8,000 9,000 16,200 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense Salaries and Wages...
Most questions answered within 3 hours.
-
In this assignment, you will write a minimum two-page paper that
explains the treatment of internal...
asked 1 minute ago -
Direct marketing is also referred to as Question 50 options: 1)
one-to-one marketing. 2) business-customer marketing....
asked 4 minutes ago -
INK Ltd is grocery retailer with 103 shops around South
Australia and Tasmania. The company has...
asked 9 minutes ago -
HOW BEER IS MADE
The beer making process is an art. It takes time, patience and...
asked 10 minutes ago -
What two methods could be used to purify the dimethyl
fumarate?
Based on the 12 Principles...
asked 19 minutes ago -
Reflect upon the readings and videos as well as our Media Monday
discussion. Integrating concepts from...
asked 24 minutes ago -
1. A cylindrical capacitor with A = 0.01, B = 0.1 and a length
of 5...
asked 31 minutes ago -
Explain how taking an SGLT-2 inhibitor, along with taking
insulin leads to ketoacidosis in people who...
asked 40 minutes ago -
Show the truth table of the
gates needed to control the PISO internal FF, has a...
asked 43 minutes ago -
If X ~ N(50; 100); Determine the value of '' k '' for both
situation:
a)...
asked 1 hour ago -
In paired t-test, what's the difference between using pooled
variance and using the standard deviation of...
asked 1 hour ago -
What are the major ethical theories, and how do they apply to
the role of a...
asked 1 hour ago