Please help me with this question?
On December 31, Hawkin's records show the following accounts.
Cash
$ 8,900
Accounts Receivable
1,400
Supplies
4,000
Equipment
15,700
Accounts Payable
7,900
Hawkin, Capital, December 1
20,900
Hawkin, Withdrawals
2,700
Services Revenue
17,900
Wages Expense
8,000
Rent Expense
3,400
Utilities Expense
2,600
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URGENT On December 31, Hawkin's records show the following accounts. Use this information to prepare a...
URGENT
On December 31, Hawkin's records show the following accounts. Use this information to prepare a December income statement for Hawkin. ... . Equipment.... Cash Rent expense... $3,000 2,400 1.500 Accounts receivable... Services revenue . Accounts payable $ 600 16,000 $8,000 700 Wages expense....**** Utilities expense. 6,000
The trial balances before and after adjustment for Crane Company at the end of its fiscal...
The trial balances before and after adjustment for Crane Company at the end of its fiscal year are presented below. After Adjustment Dr. Cr. $10,000 9,500 700 2,700 12,400 CRANE COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,000 Accounts Receivable 8,900 Supplies 2,400 Prepaid Insurance 3,900 Equipment 12,400 Accumulated Depreciation-Equipment $3,400 Accounts Payable 5,800 Salaries and Wages Payable 0 Unearned Rent Revenue 1.400 Owner's Capital 13,700 Service Revenue 34,000 Rent Revenue 11,100 Salaries and Wages Expense...
Please let me know if you can not read the numbers 2700 For Prepaid Insurance and...
Please let me know if you can not read the numbers 2700 For
Prepaid Insurance and Depreciation Expense 3250
Accounts Receivable - Prepaid Rent Prepaid Insurance BB 95.40 BB 30,00 15,000 BB 2,700 Prepaid Supplies BE 400 95420 - 1000 25000 2.200 120 Equipment Accumulated Depreciation Accrued Interest Accrued Salaries Accounts Payable BB 876 DB 400, ou 3290 1,400 I sro 400,00 3956 - 970 1,400 50 550 Unearned Rental Revenue Capital Stock - Mike Capital Stock - Julie Dividends...
Question 5 (20 marks) Ron Able formed Able Construction, a proprietorship. Ron Able attempted to produce...
Question 5 (20 marks) Ron Able formed Able Construction, a proprietorship. Ron Able attempted to produce a trial balance, and his trial balance did not balance: Able Construction Trial Balance November 30, 2018 ACCOUNT DEBIT CREDIT Cash $ 2,100 Accounts Receivable 10,500 Supplies 1,400 Office Furniture 4,100 Land 47,100 Accounts Payable $ 4,300 Notes Payable 23,500 Ron Able, Capital 32,100 Ron Able, Withdrawals 2,500 Consulting Service Revenue 7,800 Advertising Expense 900 Rent Expense 1,500 Salary Expense 2,600 Utilities Expense ...
3. Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement...
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The following information is available for Juxton Company for the year ended December 31, 2020: Accounts...
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Prepare the necessary closing entries for Dee Snyder's Barber Shop at December 31, 2019. Use the...
Prepare the necessary closing entries for Dee Snyder's Barber Shop at December 31, 2019. Use the designated space in the Solution Packet. (20 points) Dee Snyder's Barber Shop Adjusted Trial Balance December 31, 2019 25,000 5,000 2,000 4,000 120,000 Cash Accounts Receivable Prepaid Insurance Supplies Equipment A/D Equipment Accounts Payable Salaries Payable Unearned Consulting Revenue Dee Snyder, Capital Dee Snyder, Withdrawals Barbershop Revenue Depreciation Expense - Equipment Supplies Expense Salaries Expense Rent Expense Insurance Expense Utilities Expense Totals 20,000 10,000...
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Cosmo Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Dec....
Cosmo Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Dec. 1 Thomas contributed $19,000 cash in exchange for capital. 2 Received $3,800 cash from customers for services performed. 5 Paid $300 cash for office supplies. 9 Performed services for a customer and billed the customer for services rendered, $4,500. 10 Received $150 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $350. 20 Paid utility invoice received on...
Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1
Angela Lopez owns and manages a consulting firm called Metrix, which began operations on March 1. On March 31, the company's records show the following accounts and amounts for the month of March. Equipment$9,000Office supplies$2,500Salaries expense4,000Rental revenue1,500Consulting revenue17,000Advertising expense600Cash10,000Prepaid insurance2,000Utilities expense400Accounts payable4,500Note payable3,400Note receivable3,500Accounts receivable4,500Rent expense3,000A. Lopez, Withdrawals3,000Unearned revenue500Required: 1. Prepare a March income statement for the business. 2. Prepare a March statement of owner's equity. The owner's capital account balance at February 28 was $0, and the owner invested $15,600 cash in...
URGENT
On December 31, Hawkin's records show the following accounts. Use this information to prepare a December income statement for Hawkin. ... . Equipment.... Cash Rent expense... $3,000 2,400 1.500 Accounts receivable... Services revenue . Accounts payable $ 600 16,000 $8,000 700 Wages expense....**** Utilities expense. 6,000
The trial balances before and after adjustment for Crane Company at the end of its fiscal year are presented below. After Adjustment Dr. Cr. $10,000 9,500 700 2,700 12,400 CRANE COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,000 Accounts Receivable 8,900 Supplies 2,400 Prepaid Insurance 3,900 Equipment 12,400 Accumulated Depreciation-Equipment $3,400 Accounts Payable 5,800 Salaries and Wages Payable 0 Unearned Rent Revenue 1.400 Owner's Capital 13,700 Service Revenue 34,000 Rent Revenue 11,100 Salaries and Wages Expense...
Please let me know if you can not read the numbers 2700 For
Prepaid Insurance and Depreciation Expense 3250
Accounts Receivable - Prepaid Rent Prepaid Insurance BB 95.40 BB 30,00 15,000 BB 2,700 Prepaid Supplies BE 400 95420 - 1000 25000 2.200 120 Equipment Accumulated Depreciation Accrued Interest Accrued Salaries Accounts Payable BB 876 DB 400, ou 3290 1,400 I sro 400,00 3956 - 970 1,400 50 550 Unearned Rental Revenue Capital Stock - Mike Capital Stock - Julie Dividends...
3. Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Barry made no additional investments in the company during the year. Barry's Automotive Shop Trial Balance December 31 $ 12,500 1,500 500 Cash Accounts receivable Supplies Repair shop equipment Service truck Accounts payable Barry, Capital Barry, Withdrawals Service revenue Supplies expense Rent expense Utilities expense Gas expense Wages expense Totals 27,000 33,000 $2,600 38,525 36,000 125,000 3,425...
The following information is available for Juxton Company for the year ended December 31, 2020: Accounts payable Salaries Expense Depreciation Expense Accumulated depreciation, equipment Juxton, Capital Supplies Expense Copyrights Notes payable (due in 5 years) Accounts receivable Cash Short-term investments Unearned revenue Equipment Long-term investments $ 2,700 5,400 3,200 4,000 7,800 1,200 2,500 7,500 2,500 2,600 1,500 1,500 7,500 6,900 O Keith Herrick, CPA, opened a small accounting practice on January 1, 2020. Keith prepares his financial statements monthly. During...
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Cosmo Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Dec. 1 Thomas contributed $19,000 cash in exchange for capital. 2 Received $3,800 cash from customers for services performed. 5 Paid $300 cash for office supplies. 9 Performed services for a customer and billed the customer for services rendered, $4,500. 10 Received $150 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $350. 20 Paid utility invoice received on...
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