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Income Statement Balance Sheet Journal Entries OUTSIDE, INC. Balance Sheet December 31 $ $ Assets Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Less: Accum. Depreciation (enter as a negative) 5,400 19,000 4,200 930 Liabilities Accounts Payable Unearned Subscription Revenue Salaries Payable Total Liabilities 17,000 10,000 3,500 30,500 70,000 (13,000) 57,000 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 86,530 Total Liabilities and Stockholders' Equity $ 21,000 17,620 X 38,620 X 69,120 X Total Assets $ Check Outside, Inc....
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Problem w 1 ABC Company Adjusted Trial Balance Debit Credit $ 5,400 8,600 4,200 930 90,000 Cash Accounts receivable Supplies Prepaid Insurance Office equipment Accumulated depreciation Accounts payable Uncarned subscription revenue Salaries Payable Common Stock Retained earnings Subscription Revenue Advertisement Revenue $ 13,000 16.100 10,000 3,500 51.000 23.220 188,300 49,700 Salaries expense Printing and mailing expense Rent expense Supplies expense Insurance expense Depreciation expense 140,230 85,600 4,800 6,100 1,860 5.500 1,600 Income tax expense Totals $354,820 5354,820 Required: Prepare an...
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Please show the whole calculation. Thank you so much!
Problem w 1 ABC Company Adjusted Trial Balance Debit Credit Cash $ 5,400 8,600 4,200 930 90,000 $ 13,000 16.100 Accounts receivable Supplies Prepaid Insurance Office equipment Accumulated depreciation Accounts payable Uncamned subscription revenue Salaries Payable Common Stock Retained earnings Subscription Revenue Advertisement Revenue 10.000 3,500 51,000 23.220 188,300 49,700 140,230 85,600 Salaries expense Printing and mailing expense Rent expense Supplies expense Insurance expense Depreciation expense 4,800 6,100 1,860 5.500 1.600...
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please provide income statement, balance sheet, journal
entries. Thank you
Question 9 Not yet answered Marked out of 2.00 P Rag question Financial Statements and Closing Entries Outdoors, Inc.publishes magazines for skiers and hikers. The firm has the following adjusted trial balance at Decen OUTDOORS, INC. Adjusted Trial Balance December 31 Debit Credit Cash 57,560 Accounts Receivable 26.040 Supplies 5.880 Prepaid insurance 1,302 Office Equipment 92.400 Accum. Depr. - Equipment S13200 Accounts Payable 169.00 Unearned Subscription Revenue 14,000 Salaries Payable...
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Su Suur Closing Entries The adjusted trial balance shown below is for Bayou, Inc., at December 31: BAYOU, INC. Adjusted Trial Balance December 31 Debit Credit Cash $3,500 Accounts Receivable 8,000 Prepaid Insurance 3,600 Office Equipment 72,000 Accum. Depreciation. - Equipment $12,000 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Dividends 5,000 Service Fees Earned 97,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 13,400 Insurance Expense 1,800 Depreciation expense - Equipment 8,000 Income Tax Expense 8,800 Income Tax...
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Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12.500 Accounts Payable 600 Common Stock 30.000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income 4.200 Salaries Expense 42.800 Rent Expense 12.900 Insurance Expense 1.800 Depreciation expense 8.000 Income Tax Expense 8,300 Income Tax Payable 8.800 Totals $171,400...
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Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation. - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7,000 Service Fees Earned 101,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 12,900 Insurance Expense 1,800 Depreciation expense 8,000 Income Tax Expense 8,300 Income Tax Payable 8,800 Totals $171,400...
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ITK, Inc. has the following adjusted trial balance as of Deoember 31, 2018, the company's year end EEB (Click the icon to view the adjusted trial balance.) Adjusted trial balance a. Prepare the necessary dlosing entries for ITK, Inc. at December 31, 2018. Omit explanations b. Prepare the post-closing trial balance for ITK, Inc. at December 31, 2018 ITK, Ine. Adjusted Trial Balance At December 31,2018 Requirement a. Prepare the necessary closing entries for ITK, Inc. at December 31, 2018....
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Need assistance ASAP!!! Got the adjusted trial balance
already
Use this page for tow Crestwood Adjusted Trial Balance December 31, 20X1 Debit $17.170 Credis Cash A/R ADA Pre-paid insurance 16,900 2,028 Building 170,000 31,2 Accumulated Dep'n-Building Accumulated Salary payable Common stock Retained carnings Dues revenue 08, 140 9S,210 21,350 Maintenance expense Bad debt expense Uncarned revenue Rent receivable Depreciation expense-building Depreciation expense-equipment Insurance expense 0 4000 37 30 Crestwood Income Statement For Year Ended December 31, 20X1 Revenues: Expenses: Net...
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Rae Services, Inc. provides healthcare diagnostics for patients with autoimmune diseases. At the end of their first year of operations, Rae Services account balances are shown in the adjusted trial balance shown below: Rae Services, Inc. Adjusted Trial Balance December 31, 2012 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation--Equipment Accounts payable Common stock Retained earnings Dividends Service revenue Advertising expense Depreciation expense--Equipment Insurance expense Rent expense Salaries expense Supplies expense Utilities expense 176,000 140,500 4,650 2.400 85,500 3,500...
Income Statement Balance Sheet Journal Entries OUTSIDE, INC. Balance Sheet December 31 $ $ Assets Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Less: Accum. Depreciation (enter as a negative) 5,400 19,000 4,200 930 Liabilities Accounts Payable Unearned Subscription Revenue Salaries Payable Total Liabilities 17,000 10,000 3,500 30,500 70,000 (13,000) 57,000 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 86,530 Total Liabilities and Stockholders' Equity $ 21,000 17,620 X 38,620 X 69,120 X Total Assets $ Check Outside, Inc....
Problem w 1 ABC Company Adjusted Trial Balance Debit Credit $ 5,400 8,600 4,200 930 90,000 Cash Accounts receivable Supplies Prepaid Insurance Office equipment Accumulated depreciation Accounts payable Uncarned subscription revenue Salaries Payable Common Stock Retained earnings Subscription Revenue Advertisement Revenue $ 13,000 16.100 10,000 3,500 51.000 23.220 188,300 49,700 Salaries expense Printing and mailing expense Rent expense Supplies expense Insurance expense Depreciation expense 140,230 85,600 4,800 6,100 1,860 5.500 1,600 Income tax expense Totals $354,820 5354,820 Required: Prepare an...
Please show the whole calculation. Thank you so much!
Problem w 1 ABC Company Adjusted Trial Balance Debit Credit Cash $ 5,400 8,600 4,200 930 90,000 $ 13,000 16.100 Accounts receivable Supplies Prepaid Insurance Office equipment Accumulated depreciation Accounts payable Uncamned subscription revenue Salaries Payable Common Stock Retained earnings Subscription Revenue Advertisement Revenue 10.000 3,500 51,000 23.220 188,300 49,700 140,230 85,600 Salaries expense Printing and mailing expense Rent expense Supplies expense Insurance expense Depreciation expense 4,800 6,100 1,860 5.500 1.600...
please provide income statement, balance sheet, journal
entries. Thank you
Question 9 Not yet answered Marked out of 2.00 P Rag question Financial Statements and Closing Entries Outdoors, Inc.publishes magazines for skiers and hikers. The firm has the following adjusted trial balance at Decen OUTDOORS, INC. Adjusted Trial Balance December 31 Debit Credit Cash 57,560 Accounts Receivable 26.040 Supplies 5.880 Prepaid insurance 1,302 Office Equipment 92.400 Accum. Depr. - Equipment S13200 Accounts Payable 169.00 Unearned Subscription Revenue 14,000 Salaries Payable...
Su Suur Closing Entries The adjusted trial balance shown below is for Bayou, Inc., at December 31: BAYOU, INC. Adjusted Trial Balance December 31 Debit Credit Cash $3,500 Accounts Receivable 8,000 Prepaid Insurance 3,600 Office Equipment 72,000 Accum. Depreciation. - Equipment $12,000 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Dividends 5,000 Service Fees Earned 97,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 13,400 Insurance Expense 1,800 Depreciation expense - Equipment 8,000 Income Tax Expense 8,800 Income Tax...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation - Equipment $12.500 Accounts Payable 600 Common Stock 30.000 Retained Earnings 14,100 Cash Dividends 7.000 Service Fees Earned 101,200 Miscellaneous Income 4.200 Salaries Expense 42.800 Rent Expense 12.900 Insurance Expense 1.800 Depreciation expense 8.000 Income Tax Expense 8,300 Income Tax Payable 8.800 Totals $171,400...
Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation. - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7,000 Service Fees Earned 101,200 Miscellaneous Income 4,200 Salaries Expense 42,800 Rent Expense 12,900 Insurance Expense 1,800 Depreciation expense 8,000 Income Tax Expense 8,300 Income Tax Payable 8,800 Totals $171,400...
ITK, Inc. has the following adjusted trial balance as of Deoember 31, 2018, the company's year end EEB (Click the icon to view the adjusted trial balance.) Adjusted trial balance a. Prepare the necessary dlosing entries for ITK, Inc. at December 31, 2018. Omit explanations b. Prepare the post-closing trial balance for ITK, Inc. at December 31, 2018 ITK, Ine. Adjusted Trial Balance At December 31,2018 Requirement a. Prepare the necessary closing entries for ITK, Inc. at December 31, 2018....
Need assistance ASAP!!! Got the adjusted trial balance
already
Use this page for tow Crestwood Adjusted Trial Balance December 31, 20X1 Debit $17.170 Credis Cash A/R ADA Pre-paid insurance 16,900 2,028 Building 170,000 31,2 Accumulated Dep'n-Building Accumulated Salary payable Common stock Retained carnings Dues revenue 08, 140 9S,210 21,350 Maintenance expense Bad debt expense Uncarned revenue Rent receivable Depreciation expense-building Depreciation expense-equipment Insurance expense 0 4000 37 30 Crestwood Income Statement For Year Ended December 31, 20X1 Revenues: Expenses: Net...
Rae Services, Inc. provides healthcare diagnostics for patients with autoimmune diseases. At the end of their first year of operations, Rae Services account balances are shown in the adjusted trial balance shown below: Rae Services, Inc. Adjusted Trial Balance December 31, 2012 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation--Equipment Accounts payable Common stock Retained earnings Dividends Service revenue Advertising expense Depreciation expense--Equipment Insurance expense Rent expense Salaries expense Supplies expense Utilities expense 176,000 140,500 4,650 2.400 85,500 3,500...