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Accumulated depreciation-bui ldings Accrued expenses Common stock Retained earnings recelvable on note (due in four months)...
The following is the ending balances of accounts at June 30, 2018 for Excell Company. Account...
The following is the ending balances of accounts at June 30,
2018 for Excell Company.
Account Title
Debits
Credits
Cash
$
93,000
Short-term investments
75,000
Accounts receivable
290,000
Prepaid expenses
42,000
Land
85,000
Buildings
330,000
Accumulated depreciation—buildings
$
165,000
Equipment
270,000
Accumulated depreciation—equipment
125,000
Accounts payable
178,000
Accrued expenses
50,000
Notes payable
110,000
Mortgage payable
240,000
Common stock
150,000
Retained earnings
167,000
Totals
$
1,185,000
$
1,185,000
Additional information:
The short-term investments account includes $23,000 in U.S.
treasury bills purchased...
The following is the ending balances of accounts at June 30, 2018 for Excell Company. Account...
The following is the ending balances of accounts at June 30, 2018 for Excell Company. Account Title Debits Credits Cash $ 89,000 Short-term investments 71,000 Accounts receivable 286,000 Prepaid expenses 38,000 Land 81,000 Buildings 326,000 Accumulated depreciation—buildings $ 163,000 Equipment 268,000 Accumulated depreciation—equipment 123,000 Accounts payable 176,000 Accrued expenses 48,000 Notes payable 106,000 Mortgage payable 220,000 Common stock 130,000 Retained earnings 193,000 Totals $ 1,159,000 $ 1,159,000 Additional information: The short-term investments account includes $21,000 in U.S. treasury bills purchased...
Ending balances as of june 30 2015 for ABC company Particulars debit credit cash 89000 Short...
Ending balances as of june 30 2015 for ABC company Particulars debit credit cash 89000 Short term investments 71000 Net accounts recivables 286000 Prepaid expenses for next 12 months 38000 land 81000 Building 326000 equipment 268000 Accumulated equipment depreciation 123000 Accounts payable 176000 Accrued liabilities 48000 Notes payable 106000 Mortgage payable 220000 Common stock 130000 Retained earnings 193000 Accumulated depreciation on building 163000 Total 1159000 1159000 Additional information a. short term investment includes 21000 in treasury bills purchased in may...
The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account...
The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account Title Debits Credits Cash $ 93,000 Short-term investments 75,000 Accounts receivable (net) 290,000 Prepaid expenses (for the next 12 months) 42,000 Land 85,000 Buildings 330,000 Accumulated depreciation—buildings $ 165,000 Equipment 270,000 Accumulated depreciation—equipment 125,000 Accounts payable 178,000 Accrued liabilities 50,000 Notes payable 110,000 Mortgage payable 240,000 Common stock 150,000 Retained earnings 167,000 Totals $ 1,185,000 $ 1,185,000 Additional information: The short-term investments account includes...
The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Cash Short-term in...
The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Cash Short-term investments Accounts receivable Debits 113,000 95,000 310,000 62,000 105,000 350,000 Credits Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 175,000 280,000 135,000 188,000 60,000 130,000 350,000 250,000 27,000 Totals 1,315,000 1,315,000 Additional information: 1. The short-term investments account includes $33,000 in U.S. treasury bills purchased in May. The...
The following is the ending balances of accounts at June 30, 2018 for Excell Company Debits...
The following is the ending balances of accounts at June 30, 2018 for Excell Company Debits Credits Cash Short-term investments Accounts receivable Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Acerued expenses Notes payable Mortgage payable Conmon stock Retained earnings Totals $ 95,000 77,000 292, 000 44,000 87,000 332,000 $166,000 271,000 126,000 179, 000 51,000 112,000 260,000 160,000 144.000 1,198,000 $1,198,000 Additional information: 1. The short-term investments account includes $24,000 in U.S. treasury bills purchased in May....
The following is the ending balances of accounts at June 30, 2018 for Excell Company. Credits...
The following is the ending balances of accounts at June 30, 2018 for Excell Company. Credits $ Debits 123,000 105,000 320,000 72,000 115,000 360,000 Account Title Cash Short-term investments Accounts receivable Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 180,000 285,000 140,000 193,000 65,000 140,000 330,000 300,000 32,000 $1,380,000 Totals $1,380,000 Additional information: 1. The short-term investments account includes $38,000 in U.S. treasury bills purchased in...
The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account...
The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account Title Debits Credits Cash $ 105,000 Short-term investments 87,000 Accounts receivable (net) 302,000 Prepaid expenses (for the next 12 months) 54,000 Land 97,000 Buildings 342,000 Accumulated depreciation—buildings $ 171,000 Equipment 276,000 Accumulated depreciation—equipment 131,000 Accounts payable 184,000 Accrued liabilities 56,000 Notes payable 122,000 Mortgage payable 230,000 Common stock 210,000 Retained earnings 159,000 Totals $ 1,263,000 $ 1,263,000 Additional information: The short-term investments account includes...
Question 3 20 pts . The following is the ending balances of accounts at June 30,...
Question 3 20 pts . The following is the ending balances of accounts at June 30, 2019 for Excel Company. Account Title Debits Credits Cash $ 99,000 Short-term investments 81,000 Accounts receivable 296,000 Prepaid expenses 48,000 Land 91,000 Buildings 336,000 Accumulated depreciation-buildings $ 168,000 Equipment 273,000 Accumulated depreciation- equipment 128,000 Accounts payable 181,000 Accrued expenses 53,000 Notes payable 116,000 Mortgage payable 270,000 Common stock 180,000 Retained earnings 128,000 Totals $ 1,224,000 $ 1,224,000 Additional information: 1. The short-term investments account...
Additional Information: 1. The short-term investments account includes $23,000 in U.S. treasury bills purchased in May....
Additional Information: 1. The short-term investments account includes $23,000 in U.S. treasury bills purchased in May. The bills mature in July, 2021. 2. The accounts recevable account consists of the following: 2. Amounts oved by customers b. Allowance for uncollectible accounta-trade customers c.Nontrade notes receivable (due in three years) d. Interest receivable on notes (due in four months) Total $ 232,000 (18,000) 70,000 6,000 $ 290,000 3. The notes payable account consists of two notes of $55,000 each. One note...
The following is the ending balances of accounts at June 30,
2018 for Excell Company.
Account Title
Debits
Credits
Cash
$
93,000
Short-term investments
75,000
Accounts receivable
290,000
Prepaid expenses
42,000
Land
85,000
Buildings
330,000
Accumulated depreciation—buildings
$
165,000
Equipment
270,000
Accumulated depreciation—equipment
125,000
Accounts payable
178,000
Accrued expenses
50,000
Notes payable
110,000
Mortgage payable
240,000
Common stock
150,000
Retained earnings
167,000
Totals
$
1,185,000
$
1,185,000
Additional information:
The short-term investments account includes $23,000 in U.S.
treasury bills purchased...
The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Cash Short-term investments Accounts receivable Debits 113,000 95,000 310,000 62,000 105,000 350,000 Credits Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 175,000 280,000 135,000 188,000 60,000 130,000 350,000 250,000 27,000 Totals 1,315,000 1,315,000 Additional information: 1. The short-term investments account includes $33,000 in U.S. treasury bills purchased in May. The...
The following is the ending balances of accounts at June 30, 2018 for Excell Company Debits Credits Cash Short-term investments Accounts receivable Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Acerued expenses Notes payable Mortgage payable Conmon stock Retained earnings Totals $ 95,000 77,000 292, 000 44,000 87,000 332,000 $166,000 271,000 126,000 179, 000 51,000 112,000 260,000 160,000 144.000 1,198,000 $1,198,000 Additional information: 1. The short-term investments account includes $24,000 in U.S. treasury bills purchased in May....
The following is the ending balances of accounts at June 30, 2018 for Excell Company. Credits $ Debits 123,000 105,000 320,000 72,000 115,000 360,000 Account Title Cash Short-term investments Accounts receivable Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 180,000 285,000 140,000 193,000 65,000 140,000 330,000 300,000 32,000 $1,380,000 Totals $1,380,000 Additional information: 1. The short-term investments account includes $38,000 in U.S. treasury bills purchased in...
Question 3 20 pts . The following is the ending balances of accounts at June 30, 2019 for Excel Company. Account Title Debits Credits Cash $ 99,000 Short-term investments 81,000 Accounts receivable 296,000 Prepaid expenses 48,000 Land 91,000 Buildings 336,000 Accumulated depreciation-buildings $ 168,000 Equipment 273,000 Accumulated depreciation- equipment 128,000 Accounts payable 181,000 Accrued expenses 53,000 Notes payable 116,000 Mortgage payable 270,000 Common stock 180,000 Retained earnings 128,000 Totals $ 1,224,000 $ 1,224,000 Additional information: 1. The short-term investments account...
Additional Information: 1. The short-term investments account includes $23,000 in U.S. treasury bills purchased in May. The bills mature in July, 2021. 2. The accounts recevable account consists of the following: 2. Amounts oved by customers b. Allowance for uncollectible accounta-trade customers c.Nontrade notes receivable (due in three years) d. Interest receivable on notes (due in four months) Total $ 232,000 (18,000) 70,000 6,000 $ 290,000 3. The notes payable account consists of two notes of $55,000 each. One note...
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