Problem 4-4A (Static) Preparing financial statements and closing entries LO C1, P2
Problem 4-4A (Static) Preparing financial statements and closing entries LO C1, P2
The adjusted trial balance for Tybalt Construction on December 31 of the current year follows.
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Problem 4-4A (Static) Preparing financial statements and closing entries LO C1, P2
Problem 4-4A Preparing closing entries, financial statements, and ratios LO C3, A1, P2 The adjusted trial...
Problem 4-4A Preparing closing entries, financial statements, and ratios LO C3, A1, P2 The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. Credi $ Debit 7,589 22,090 9,280 8,580 45,000 188,888 $ 22,500 60,000 61,550 17,500 2,500 3,600 2,900 700 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable...
Problem 4-5A Preparing trial balances, closing entries, and financial statements LO C3, P2, P3
Problem 4-5A Preparing trial balances, closing entries, and financial statements LO C3, P2, P3 The adjusted trial balance of Karise Repairs on December 31, 2017, follows. Assume there are no owner investments in 2017. Required: 1a. Prepare an income statement for the year 2017 1b. Prepare a statement of owner's equity for the year 2017 1c. Prepare a classified balance sheet at December 31, 2017 2. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table. Use columns three...
Problem 4-5A Preparing trial balances, closing entries, and financial statements LO C3, P2, P3 The adjusted...
Problem 4-5A Preparing trial balances, closing entries, and financial statements LO C3, P2, P3 The adjusted trial balance of Karise Repairs on December 31 follows. Credit Debit $ 93,000 1,500 2,100 50,000 KARISE REPAIRS Adjusted Trial Balance December 31 No. Account Title 101 Cash 124 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, Withdrawals 401 Repair fees earned 612 Depreciation expense-Equipment 623 Wages expense 637...
Problem 3-8A Preparing closing entries, financial statements, and ratios LO A1, A2, P3, P4 The adjusted...
Problem 3-8A Preparing closing entries, financial statements, and ratios LO A1, A2, P3, P4 The adjusted trial balance for Tybalt Construction as of December 31, 2018, follows. Credit $ Debit 7,500 25,000 9,200 8,700 60,000 $ 30,000 153,000 51,000 60,280 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2018 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable...
Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO P1,...
Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO 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 Chaded Trial Balance Acants receivable 12.00 90.000 Meeu. Depreesation office equip 24.000 10.100 20,000 50.000...
Preparing closing entries, financial statements, and ratios The adjusted trial balance for Tybalt Construction as of...
Preparing closing entries, financial statements, and ratios The adjusted trial balance for Tybalt Construction as of December 31, 2015. follows. TYLALT CONSTRUCTION Austed Trial Balance December 31, 2015 Account Tide Debit Credit 101 $ 104 5.000 126 Cash Short-term investments .. Supplies .. Prepaid insurance ... Equipment Accumulated depreciation Building Accumulated depreciation 22.000 8.100 7.000 40.000 Equip 167 168 173 174 192 $ 20,000 150.000 Building 50.000 55.000 203 16.500 2.500 2500 2500 210 7500 67.000 5.000 121,400 233 251...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. Credit Debit $18,000 12,000 2,000 23,000 $ 6,500 45, 747 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. No Account Title Debit Credit 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 salaries expense 637 Insurance expense 640 Rent expense 652 Supplies...
Problem 4-4A Preparing closing entries and interpreting information about discounts and returns LO C2, P3 Valley...
Problem 4-4A Preparing closing entries and interpreting information about discounts and returns LO C2, P3 Valley Company's adjusted trial balance on August 31, 2018, its fiscal year-end, follows Credit Debit $ 41,000 61,650 $ 25, 100 16,000 20,000 8,400 225,600 Merchandise Inventory Other (noninventory) assets Total ilabilities Common stock Retained earnings Dividende Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Otice salaries expense Rent expense-office space...
Problem 4-4A Preparing closing entries and interpreting information about discounts and returns LO C2, P3 Valley...
Problem 4-4A Preparing closing entries and interpreting information about discounts and returns LO C2, P3 Valley Company’s adjusted trial balance on August 31, 2018, its fiscal year-end, follows. Debit Credit Merchandise inventory $ 39,700 Other (noninventory) assets 59,880 Total liabilities $ 24,400 Common stock 16,240 Retained earnings 20,300 Dividends 8,300 Sales 226,800 Sales discounts 2,260 Sales returns and allowances 12,000 Cost of goods sold 76,700 Sales salaries expense 32,100 Rent expense—Selling space 8,300 Store supplies expense 1,800 Advertising expense 14,000...
Problem 4-4A Preparing closing entries, financial statements, and ratios LO C3, A1, P2 The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. Credi $ Debit 7,589 22,090 9,280 8,580 45,000 188,888 $ 22,500 60,000 61,550 17,500 2,500 3,600 2,900 700 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2017 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable...
Problem 4-5A Preparing trial balances, closing entries, and financial statements LO C3, P2, P3 The adjusted trial balance of Karise Repairs on December 31 follows. Credit Debit $ 93,000 1,500 2,100 50,000 KARISE REPAIRS Adjusted Trial Balance December 31 No. Account Title 101 Cash 124 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, Withdrawals 401 Repair fees earned 612 Depreciation expense-Equipment 623 Wages expense 637...
Problem 3-8A Preparing closing entries, financial statements, and ratios LO A1, A2, P3, P4 The adjusted trial balance for Tybalt Construction as of December 31, 2018, follows. Credit $ Debit 7,500 25,000 9,200 8,700 60,000 $ 30,000 153,000 51,000 60,280 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2018 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable...
Required information Problem 3-4A Interpreting unadjusted and adjusted trial balances, and preparing financial statements LO 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 Chaded Trial Balance Acants receivable 12.00 90.000 Meeu. Depreesation office equip 24.000 10.100 20,000 50.000...
Preparing closing entries, financial statements, and ratios The adjusted trial balance for Tybalt Construction as of December 31, 2015. follows. TYLALT CONSTRUCTION Austed Trial Balance December 31, 2015 Account Tide Debit Credit 101 $ 104 5.000 126 Cash Short-term investments .. Supplies .. Prepaid insurance ... Equipment Accumulated depreciation Building Accumulated depreciation 22.000 8.100 7.000 40.000 Equip 167 168 173 174 192 $ 20,000 150.000 Building 50.000 55.000 203 16.500 2.500 2500 2500 210 7500 67.000 5.000 121,400 233 251...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. Credit Debit $18,000 12,000 2,000 23,000 $ 6,500 45, 747 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637...
Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31, 2017, the end of its fiscal year. No Account Title Debit Credit 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 301 T. Cruz, Capital 302 T. Cruz, Withdrawals 404 Services revenue 612 Depreciation expense-Equipment 622 salaries expense 637 Insurance expense 640 Rent expense 652 Supplies...
Problem 4-4A Preparing closing entries and interpreting information about discounts and returns LO C2, P3 Valley Company's adjusted trial balance on August 31, 2018, its fiscal year-end, follows Credit Debit $ 41,000 61,650 $ 25, 100 16,000 20,000 8,400 225,600 Merchandise Inventory Other (noninventory) assets Total ilabilities Common stock Retained earnings Dividende Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Otice salaries expense Rent expense-office space...
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