Homework Answers
Adjusted net income
= (8500+650) - (510+100+205)
= 9150 - 815
= 8335
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Unadjusted net income equals $8,500. Calculate what net income will be after the following adjustments: 1....
Unadjusted net income equals $7,500. Calculate what net income will be after the following adjustments: 1....
Unadjusted net income equals $7,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $700 2. Interest due on note payable at the bank, $80 3. Unearned revenue that has been earned, $950 4. Supplies used, $215 Adjusted net income amounts to $
Q3-55 (similar to) Unadjusted net income equals $5,500. Calculate what net income will be after the...
Q3-55 (similar to) Unadjusted net income equals $5,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $650 2. Interest due on note payable at the bank, $80 3. Unearned revenue that has been earned, $700 4. Supplies used, $300 Adjusted net income amounts to $
Q3-56 (similar to) Unadjusted net income equals $9,500. Calculate what net income will be after the...
Q3-56 (similar to) Unadjusted net income equals $9,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $600 2. Interest due on note payable at the bank, $110 3. Unearned revenue that has been earned, $1,000 4. Supplies used, $225 $ Adjusted net income amounts to
It is saying my net income before and after adjustments are both wrong for the last...
It is saying my net income before and after adjustments are both
wrong for the last picture, but is saying my stuff is correct every
where else.
GLO302 - Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 K. Perry (Withdrawals), a school owned by Kathy Perry, provides training to individuals who pay tuition directly to the school. Withdrawals also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found...
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,...
2. Use the following adjustment Information to complete the Adjustments columns of the work sheet. a....
2. Use the following adjustment Information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $3 b. Accrued salarles, $6 c. The $12 of unearned revenue has been earned d. Supplies available at December 31, $15 e. Explred Insurance, $15 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns Including net Income. WESTCOTT COMPANY Partial Work Sheet For the year...
2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a....
2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment. $19 b. Accrued salaries, $22 C. The $28 of unearned revenue has been earned d. Supplies available at December 31, $95 e. Expired insurance, $31 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns including net income. WESTCOTT COMPANY Partial Work Sheet For the year...
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...
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...
Requirement 2. The accounts listed in the unadjusted trial balance, together with their unadjusted balances as...
Requirement 2. The accounts listed in the
unadjusted trial balance, together with their unadjusted balances
as of
December 31, 2018 have been opened for you in T-account form.
Post the adjusting entries to T-accounts using the adjustment
letters (a, b, c, etc.) as posting references. Determine the
ending balances for all T-accounts (including any that may not be
affected by any of the adjusting entries) on December 31,
2018.
Calculate each accounts balance and enter the balance, along
with a...
Unadjusted net income equals $7,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $700 2. Interest due on note payable at the bank, $80 3. Unearned revenue that has been earned, $950 4. Supplies used, $215 Adjusted net income amounts to $
Q3-55 (similar to) Unadjusted net income equals $5,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $650 2. Interest due on note payable at the bank, $80 3. Unearned revenue that has been earned, $700 4. Supplies used, $300 Adjusted net income amounts to $
Q3-56 (similar to) Unadjusted net income equals $9,500. Calculate what net income will be after the following adjustments: 1. Salaries payable to employees, $600 2. Interest due on note payable at the bank, $110 3. Unearned revenue that has been earned, $1,000 4. Supplies used, $225 $ Adjusted net income amounts to
It is saying my net income before and after adjustments are both
wrong for the last picture, but is saying my stuff is correct every
where else.
GLO302 - Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 K. Perry (Withdrawals), a school owned by Kathy Perry, provides training to individuals who pay tuition directly to the school. Withdrawals also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found...
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,...
2. Use the following adjustment Information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment, $3 b. Accrued salarles, $6 c. The $12 of unearned revenue has been earned d. Supplies available at December 31, $15 e. Explred Insurance, $15 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns Including net Income. WESTCOTT COMPANY Partial Work Sheet For the year...
2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a. Depreciation on equipment. $19 b. Accrued salaries, $22 C. The $28 of unearned revenue has been earned d. Supplies available at December 31, $95 e. Expired insurance, $31 3. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns including net income. WESTCOTT COMPANY Partial Work Sheet For the year...
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...
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...
Requirement 2. The accounts listed in the
unadjusted trial balance, together with their unadjusted balances
as of
December 31, 2018 have been opened for you in T-account form.
Post the adjusting entries to T-accounts using the adjustment
letters (a, b, c, etc.) as posting references. Determine the
ending balances for all T-accounts (including any that may not be
affected by any of the adjusting entries) on December 31,
2018.
Calculate each accounts balance and enter the balance, along
with a...
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