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Chapter Five Financial Statements Problem 5-2: Listed below is the adjusted trial balance of the Tasha...
Financial Statements 2019 for Farah The following adjusted trial balance is prepared at fiscal year-end Company:...
Financial Statements 2019 for Farah The following adjusted trial balance is prepared at fiscal year-end Company: Account title Debit Credit Cash Accounts Receivable Prepaid rent Store equipment 43.000 16,000 54,000 53,400 Furniture 23,600 5.000 14.400 68.200 Unearned Translation Revenue Accounts payable Farah., Capital Farah., Withdrawals Translation Revenue Interest Revenue Sales Salaries expense Office Insurance expense Office Rent expense Showroom Rent expense 185,200 10.000 13.000 4000 4.000 15.000 Store supplies expense 25,000 Administration Salary expense Showroom Insurance expense Advertising expense 5.000...
Styles MODULE 2 FINANCIAL STATEMENTS Below is the adjusted trial balance for Shady's Illusions. Use this...
Styles MODULE 2 FINANCIAL STATEMENTS Below is the adjusted trial balance for Shady's Illusions. Use this information to prepare Shady's. INCOME STATEMENT and BALANCE SHEET for the year. No. 101 Credit I 109 111 Debit 158,000 25,000 80,000 112 200 201 Account title Cash Office Supplies Equipment Accumulated Depreciation--Equipment Accounts Payable Wages Payable S. Shady, Capital S. Shady, Withdrawals Entertainment Revenue Rent Expense Gas and Oil Expense Wages Expense Depreciation Expense-Equipment Legal Expense Totals 44,000 33,000 12,000 129,700 300 301...
Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO C3,...
Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO C3, A1, P1, P2, P3 [The following information applies to the questions displayed below.] A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2017. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance Adjusted Trial Balance Cash $ 121,140 $ 121,140 Accounts receivable...
PROBLEM NO. 4 – FINANCIAL STATEMENTS The adjusted trial balance of Perez Company appears below. Using...
PROBLEM NO. 4 – FINANCIAL STATEMENTS The adjusted trial balance of Perez Company appears below. Using the information from the adjusted trial balance, you are to prepare for the quarter ending March 31, 2020: 1. an income statement. 2. an owner’s equity statement. 3. a balance sheet. Perez Company Adjusted Trial Balance March 31, 2020 Debit Credit Cash......................................................................................................... $ 17,000 Accounts Receivable.................................................................................. 4,500 Supplies.................................................................................................... 1,000 Equipment................................................................................................. 18,000 Accumulated Depreciation—Equipment........................................................ $ 6,000 Accounts Payable....................................................................................... 8,000 Unearned Service Revenue......................................................................... 7,000 Salaries and Wages Payable....................................................................... 1,000 Perez, Capital............................................................................................ 18,250 Perez, Drawings......................................................................................... 3,500 Service Revenue........................................................................................ 16,400 Salaries...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31. Byran Sharpe made no capital contributions during the year. SHARPE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,900 Accounts Receivable 3,270 Supplies 5,060 Prepaid Insurance 1,500 Equipment 6,400 Accum. Depr. - Equipment $1,080 Accounts Payable 845 Long - Term Notes Payable 7,200 Common Stock 2,800 Retained Earnings 5,205 Dividends 2,900 Service Fees Earned 62,600 Rent Expense 15,500...
Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3,...
Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3, P4, P5, P6 [The following information applies to the questions displayed below.) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance $ 92,680 12.000 17,200 6,940 88,000 $ 24,000 9.100 Cash Accounts receivable...
Shown below is Adventure Travel's adjusted trial balance as of the end of its annual accounting...
Shown below is Adventure Travel's adjusted trial balance as of the end of its annual accounting period: Adventure Travel Adjusted Trial Balance Cr. Dr. $ 25,000 15,000 4,300 29,600 $ 5,000 25,000 30,260 1,000 75,000 Cash............ Accounts receivable........... Office supplies....... Office equipment......... Accumulated depreciation Office equipment........ Long-term notes payable ..... Brady, Capital............. Brady, Withdrawals..... Foes carned............ Salaries expense........... Rent expense.... Depreciation expense-Office equipment.......... Advertising expense..... Office supplies expense.... Totals....... 32,800 16,800 3,960 4,000 2,800 S135260 $125.260 (a) Prepare the necessary...
Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks 3. Below is the...
Below is the year-end adjusted trial balance for Lucie
Accounting. (10 marks
3. Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks Lucie Accounting Trial Balance December 31, 2015 Account Dr. 13,000 Cr. Cash Accounts receivable Office supplies Prepaid insurance Long term note receivable Land Equipment Accumulated depreciation, Equipment Building Accumulated depreciation, Building Customer list Notes payable Unearned accounting fees Salaries payable Lucie Majeau, capital Lucie Majeau, withdrawals Accounting fees earned Depreciation expense, Building Depreciation expense, Equipment...
BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 4 [15 MARKS] Below is the Adjusted Trial Balance for...
BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 4 [15 MARKS] Below is the Adjusted Trial Balance for Blue Diamond Berhad as at 31 December 2018. Credit (RM) 10,000 Blue Diamond Berhad Adjusted Trial Balance 31 December 2018 Account Title Debit (RM) Cash 757,400 Accounts Receivable 332,900 Supplies 80,000 Prepaid Insurance 291,200 Office Equipment 100,000 Accumulated Depreciation - Office Equipment | Office Car 250,000 Accumulated Depreciation - Office Car Accounts Payable Notes payable Rent Payable Dividends Payable Unearned Service Revenue Ordinary Share...
P3-8A Financial Statements and Closing Entries The adjusted trial balance shown below is for Sharpe Consulting...
P3-8A Financial Statements and Closing Entries The adjusted
trial balance shown below is for Sharpe Consulting Service as of
December 31. Bryan Sharpe made no capital contributions during the
year. Please see attached picture for further details. Need
guidance for answering questions in excel. Thank you.
Cambridge Business Publishers Chapter 3 Accrual Basis of Accounting 1 Cash............. Accounts receivable... Supplies ... Prepaid insurance. ...... Equipment ............ Accumulated depreciation Equipment Accounts payable...... Long-term notes payable .. Common stock .... Retained earnings...
Financial Statements 2019 for Farah The following adjusted trial balance is prepared at fiscal year-end Company: Account title Debit Credit Cash Accounts Receivable Prepaid rent Store equipment 43.000 16,000 54,000 53,400 Furniture 23,600 5.000 14.400 68.200 Unearned Translation Revenue Accounts payable Farah., Capital Farah., Withdrawals Translation Revenue Interest Revenue Sales Salaries expense Office Insurance expense Office Rent expense Showroom Rent expense 185,200 10.000 13.000 4000 4.000 15.000 Store supplies expense 25,000 Administration Salary expense Showroom Insurance expense Advertising expense 5.000...
Styles MODULE 2 FINANCIAL STATEMENTS Below is the adjusted trial balance for Shady's Illusions. Use this information to prepare Shady's. INCOME STATEMENT and BALANCE SHEET for the year. No. 101 Credit I 109 111 Debit 158,000 25,000 80,000 112 200 201 Account title Cash Office Supplies Equipment Accumulated Depreciation--Equipment Accounts Payable Wages Payable S. Shady, Capital S. Shady, Withdrawals Entertainment Revenue Rent Expense Gas and Oil Expense Wages Expense Depreciation Expense-Equipment Legal Expense Totals 44,000 33,000 12,000 129,700 300 301...
Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31. Byran Sharpe made no capital contributions during the year. SHARPE CONSULTING SERVICE Adjusted Trial Balance December 31 Debit Credit Cash $2,900 Accounts Receivable 3,270 Supplies 5,060 Prepaid Insurance 1,500 Equipment 6,400 Accum. Depr. - Equipment $1,080 Accounts Payable 845 Long - Term Notes Payable 7,200 Common Stock 2,800 Retained Earnings 5,205 Dividends 2,900 Service Fees Earned 62,600 Rent Expense 15,500...
Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1, P2, P3, P4, P5, P6 [The following information applies to the questions displayed below.) A six-column table for JKL Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31. The last two columns contain the adjusted trial balance as of the same date. Unadjusted Trial Balance $ 92,680 12.000 17,200 6,940 88,000 $ 24,000 9.100 Cash Accounts receivable...
Shown below is Adventure Travel's adjusted trial balance as of the end of its annual accounting period: Adventure Travel Adjusted Trial Balance Cr. Dr. $ 25,000 15,000 4,300 29,600 $ 5,000 25,000 30,260 1,000 75,000 Cash............ Accounts receivable........... Office supplies....... Office equipment......... Accumulated depreciation Office equipment........ Long-term notes payable ..... Brady, Capital............. Brady, Withdrawals..... Foes carned............ Salaries expense........... Rent expense.... Depreciation expense-Office equipment.......... Advertising expense..... Office supplies expense.... Totals....... 32,800 16,800 3,960 4,000 2,800 S135260 $125.260 (a) Prepare the necessary...
Below is the year-end adjusted trial balance for Lucie
Accounting. (10 marks
3. Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks Lucie Accounting Trial Balance December 31, 2015 Account Dr. 13,000 Cr. Cash Accounts receivable Office supplies Prepaid insurance Long term note receivable Land Equipment Accumulated depreciation, Equipment Building Accumulated depreciation, Building Customer list Notes payable Unearned accounting fees Salaries payable Lucie Majeau, capital Lucie Majeau, withdrawals Accounting fees earned Depreciation expense, Building Depreciation expense, Equipment...
BAC1034 PRINCIPLES OF FINANCIAL ACCOUNTING QUESTION 4 [15 MARKS] Below is the Adjusted Trial Balance for Blue Diamond Berhad as at 31 December 2018. Credit (RM) 10,000 Blue Diamond Berhad Adjusted Trial Balance 31 December 2018 Account Title Debit (RM) Cash 757,400 Accounts Receivable 332,900 Supplies 80,000 Prepaid Insurance 291,200 Office Equipment 100,000 Accumulated Depreciation - Office Equipment | Office Car 250,000 Accumulated Depreciation - Office Car Accounts Payable Notes payable Rent Payable Dividends Payable Unearned Service Revenue Ordinary Share...
P3-8A Financial Statements and Closing Entries The adjusted
trial balance shown below is for Sharpe Consulting Service as of
December 31. Bryan Sharpe made no capital contributions during the
year. Please see attached picture for further details. Need
guidance for answering questions in excel. Thank you.
Cambridge Business Publishers Chapter 3 Accrual Basis of Accounting 1 Cash............. Accounts receivable... Supplies ... Prepaid insurance. ...... Equipment ............ Accumulated depreciation Equipment Accounts payable...... Long-term notes payable .. Common stock .... Retained earnings...
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