Homework Answers
| Adjusting Entries: | |||
| 1 | Supplies Expense a/c Dr | $2,000 | |
| To Supplies (2500-500) | $2,000 | ||
| [Being Supplies used in the business] | |||
| 2 | Insurance Expense a/c Dr | $120 | |
| To Prepaid Insurance a/c | $120 | ||
| [Being Insurance expired for the month] | |||
| 3 | Depreciation a/c Dr | $50 | |
| To Equipment a/c | $50 | ||
| [Being Depreciation charged on Equipment] | |||
| 4 | Unearned Service Revenue a/c Dr | $600 | |
| Service Revenue a/c | $600 | ||
| Being services related to unearned service revenue performed] | |||
| 5 | Cash a/c Dr | $360 | |
| Service Revenue a/c | $360 | ||
| [Being Services unrecorded, recorded in the books] | |||
| 6 | Interest Expense a/c Dr | $95 | |
| To Interest Payable a/c | $95 | ||
| [Being Interest accrued for the month] | |||
| 7 | Salaries & wages Expense a/c Dr | $1,625 | |
| To Salaries & Expense Payable a/c | $1,625 | ||
| [Being Salaries accrued for the month] |
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The trial balance for Pioneer Advertising is shown below. Pioneer Advertising Trial Balance October 31, 2017...
Exercise 3-09 The trial balance for Pioneer Advertising is shown below. Sunland Advertising Trial Balance October...
Exercise 3-09 The trial balance for Pioneer Advertising is shown below. Sunland Advertising Trial Balance October 31, 2017 Credit Debit $16,000 2,400 800 4,300 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense $4,800 2,400 1,000 9,700 600 11,000 4,000 800 $28,900 $28,900 Assume the following adjustment data. 1. 2. Supplies on hand at October 31 total $600. Expired insurance for the month is $100....
OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n)...
OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n) Credit y Study Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. Expired...
Exerci 3-03 Robin Shat, D.D.Sy opened a dental practice on January 1, 2020. During the first...
Exerci 3-03 Robin Shat, D.D.Sy opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $875 of such services were performed but not yet recorded. 2. Utility expenses incurred but not paid prior to January 31 totaled $650. 3 Purchased dental equipment on January 1 for $60,000, paying $20,000 in cash and signing a $60,000, 3-year note payable. The...
Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31,...
Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $300. 3. Depreciation...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes Payable $4,100 Accounts Payable 2,500 Unearned Service Revenue 1,100 Owner's Capital 11,600 Owner's Drawings 700 Service Revenue 10,200 Salaries and Wages Expense 4,300 Rent Expense 900 $29,500 $29,500 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. Expired insurance for the month is $300. 2. Depreciation for the month is $50. 3. Services related to unearned service revenue in...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019 Credit Debit $14,000 2,900 500 4,000 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,200 2,000 1,400 8,100 -0- 700 11,500 4,200 900 $27,200 $27,200 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700. Expired insurance...
The unadjusted trial balance for Sarasota Corp. is shown below. SARASOTA CORP. Trial Balance October 31,...
The unadjusted trial balance for Sarasota Corp. is shown below. SARASOTA CORP. Trial Balance October 31, 2022 Debit Credit Cash $15,140 Supplies 3,010 Prepaid Insurance 660 Equipment 5,170 Notes Payable $5,170 Accounts Payable 2,530 Unearned Service Revenue 1,260 Common Stock 10,510 Retained Earnings 0 Dividends 540 Service Revenue 10,000 Salaries and Wages Expense 4,000 Rent Expense 950 $29,470 $29,470 Assume the following adjustment data. 1. Supplies on hand at October 31 total $580. 2. Expired insurance for the month is...
The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31,...
The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31, 2017 Debit Credit Cash $15,840 Supplies Prepaid Insurance 2.910 690 5.430 Equipment Notes Payable $5.430 Accounts Payable 2740 Unearned Service Revenue 2.180 Common Stock 10,730 Retained Earnings Dividends 500 Service Revenue 13,830 Salaries and Wages Expense 4,000 Rent Expense 5 540 $34,910 $34.910 Assume the following adjustment data, 1. Supplies on hand at October 31 total 5700 2. Expired insurance for the month is...
need 2,4, and 5. SWIFTY CORPORATION Trial Balance October 31, 2017 Credit Debit $15,100 2,500 660...
need 2,4, and 5.
SWIFTY CORPORATION Trial Balance October 31, 2017 Credit Debit $15,100 2,500 660 4,500 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,500 2,000 1,200 10,000 500 13,000 4,000 3,440 $30,700 $30,700 Assume the following adjustment data. 1. 2. 3. Supplies on hand at October 31 total $510. Expired insurance for the month is $110. Depreciation for the month is...
The unadjusted trial balance for Cheyenne Corp. is shown below. CHEYENNE CORP. Trial Balance October 31,...
The unadjusted trial balance for Cheyenne Corp. is shown
below.
CHEYENNE CORP. Trial Balance October 31, 2017 Credit Debit $15,620 2,550 660 5,490 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $5,490 2,750 1,980 11,330 520 13,900 4,000 6,610 $35,450 $35,450 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $510. Expired insurance...
Exercise 3-09 The trial balance for Pioneer Advertising is shown below. Sunland Advertising Trial Balance October 31, 2017 Credit Debit $16,000 2,400 800 4,300 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense $4,800 2,400 1,000 9,700 600 11,000 4,000 800 $28,900 $28,900 Assume the following adjustment data. 1. 2. Supplies on hand at October 31 total $600. Expired insurance for the month is $100....
OURCES ed Exercise 3-09 The trial balance for Pioneer Advertising is shown below. 2-9 (Part n) Credit y Study Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. Expired...
Exerci 3-03 Robin Shat, D.D.Sy opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan insurance. At January 31, $875 of such services were performed but not yet recorded. 2. Utility expenses incurred but not paid prior to January 31 totaled $650. 3 Purchased dental equipment on January 1 for $60,000, paying $20,000 in cash and signing a $60,000, 3-year note payable. The...
Yster Announcements -actice Assignment Gradebook ORION Downloadable eTextbook gnment Credit Cullumber Advertising Trial Balance October 31, 2017 Debit Cash $15,000 Supplies 2,600 Prepaid Insurance 500 Equipment 4,200 Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings 400 Service Revenue Salaries and Wages Expense 4,200 Rent Expense 900 $27,800 $4,600 2,500 1,200 8,700 10,800 $27,800 Assume the following adjustment data. 1. Supplies on hand at October 31 total $600. 2. Expired insurance for the month is $300. 3. Depreciation...
CALCULATG October 31, 2017 Debit Credit Cash $16,000 Supplies 3,000 Prepaid Insurance 600 Equipment 4,000 Notes Payable $4,100 Accounts Payable 2,500 Unearned Service Revenue 1,100 Owner's Capital 11,600 Owner's Drawings 700 Service Revenue 10,200 Salaries and Wages Expense 4,300 Rent Expense 900 $29,500 $29,500 Assume the following adjustment data. 1. Supplies on hand at October 31 total $500. Expired insurance for the month is $300. 2. Depreciation for the month is $50. 3. Services related to unearned service revenue in...
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2019 Credit Debit $14,000 2,900 500 4,000 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,200 2,000 1,400 8,100 -0- 700 11,500 4,200 900 $27,200 $27,200 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $700. Expired insurance...
The unadjusted trial balance for Sarasota Corp. is shown below. SARASOTA CORP. Trial Balance October 31, 2022 Debit Credit Cash $15,140 Supplies 3,010 Prepaid Insurance 660 Equipment 5,170 Notes Payable $5,170 Accounts Payable 2,530 Unearned Service Revenue 1,260 Common Stock 10,510 Retained Earnings 0 Dividends 540 Service Revenue 10,000 Salaries and Wages Expense 4,000 Rent Expense 950 $29,470 $29,470 Assume the following adjustment data. 1. Supplies on hand at October 31 total $580. 2. Expired insurance for the month is...
The unadjusted trial balance for Flint Corporation is shown below. FLINT CORPORATION Trial Balance October 31, 2017 Debit Credit Cash $15,840 Supplies Prepaid Insurance 2.910 690 5.430 Equipment Notes Payable $5.430 Accounts Payable 2740 Unearned Service Revenue 2.180 Common Stock 10,730 Retained Earnings Dividends 500 Service Revenue 13,830 Salaries and Wages Expense 4,000 Rent Expense 5 540 $34,910 $34.910 Assume the following adjustment data, 1. Supplies on hand at October 31 total 5700 2. Expired insurance for the month is...
need 2,4, and 5.
SWIFTY CORPORATION Trial Balance October 31, 2017 Credit Debit $15,100 2,500 660 4,500 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $4,500 2,000 1,200 10,000 500 13,000 4,000 3,440 $30,700 $30,700 Assume the following adjustment data. 1. 2. 3. Supplies on hand at October 31 total $510. Expired insurance for the month is $110. Depreciation for the month is...
The unadjusted trial balance for Cheyenne Corp. is shown
below.
CHEYENNE CORP. Trial Balance October 31, 2017 Credit Debit $15,620 2,550 660 5,490 Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense $5,490 2,750 1,980 11,330 520 13,900 4,000 6,610 $35,450 $35,450 Assume the following adjustment data. 1. 2. 3. 4. 5. 6. 7. Supplies on hand at October 31 total $510. Expired insurance...
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