Homework Answers
All capital, income & sales accounts are credit balance accounts & losses/expenses, assets accounts are debit balance accounts.
| Favre Company | ||
| Trial balance date June 30,2017 | ||
| Particulars | Dr | Cr |
| Accounts payable | 8750 | |
| Cash | 8000 | |
| Common Stock | 22800 | |
| Dividends | 2550 | |
| Equipement | 18050 | |
| Service revenue | 7750 | |
| Accounts receivable | 4750 | |
| Salaries & Wages expenses | 3200 | |
| Rent Expenses | 2750 | |
| Total | 39300 | 39300 |
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Weygandt, Financial& Managerial Accounting. 2 1 Unread) BACK Brief Exercise 2-9 From the ledger balances given...
PLUSWeygandt, Financial Accounting, 10e ESOURCES Brief Exercise 2-8 Selected journal entries for the Nikolal Company are...
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In Accounting Question 7 View Policies Current Attempt in Progress From the ledger balances below. prepare...
In Accounting
Question 7 View Policies Current Attempt in Progress From the ledger balances below. prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable $ 1,100 Cash 5,500 Common Stock 18,000 Dividends 1,450 Equipment 13,150 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,750 2,750 3.750 1.250 BLOSSOM COMPANY Trial Balance Debit Credit
Weygandt, Financial Accounting, 10e tice Assignment Gradebook ORIONDownloadable eTextbook ment CALCULAT Brief Exercise 2-10 An inexperienced...
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Weygandt, Financial & Managerial Accounting, 2e Hele I Syatem,Announcements PRINTER VERSION | イBACK NEXT Brief Exercise...
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US Weygandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION <BACK NE ES Brief Exercise 3-09 The adjusted...
US Weygandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION <BACK NE ES Brief Exercise 3-09 The adjusted trial balance of Crane Company at December 31, 2020, includes the following accounts: Owner's Capital $18,000, Owner's Drawings $7,000, Service Revenue $36,700, Salaries and Wages Expense $15,500, Insurance Expense $2,000, Rent Expense $4,100, Supplies Expense $2,300, and Depreciation Expense $1,100. Prepare an income statement for the year. CRANE COMPANY Income Statement dy $ O o 3
Weygandt, Financial and Managerial, 30 Financial Managerial Accounting (ACC-152 & ACC-156) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD...
Weygandt, Financial and Managerial, 30 Financial Managerial Accounting (ACC-152 & ACC-156) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK (D) Enter the total from the trial balance as beginning account balances. Post the part.) entries to the leader acourts (Post antries in the order of m entres presented the previous No. 101 Balance Date Explanation Debit Credit May 31 Balance Accounts Receivable Explanation No. 112 Balance Ref Debit Credit Ating No. 126 Supplies Date Explanation Credit Balance May 31...
need help filling out this ledger correctly given the inputs at the top please. Brief Exercise...
need help filling out this ledger correctly given the inputs at the
top please.
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On January 1, 2018, the general ledger of a company includes the following account balances Debit...
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On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances:...
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit $ 25, 900 14, 600 $ 2, 800 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 3,500 30,000 78,000 9,800 106,000 33, 400 $152,000 $152,000 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $45, 100. January 6 Provide services to...
Exercise 2-12 a-b The T-accounts below summarize the ledger of Negrete Landscaping Company at the end...
Exercise 2-12 a-b The T-accounts below summarize the ledger of Negrete Landscaping Company at the end of the first month of operations. 4/1 4/12 4/29 4/30 4/7 4/4 Cash No. 101 14,000 4/15 1,300 900 4/25 1,500 400 1,000 Accounts Receivable No. 112 3,000 4/29 400 Supplies No. 126 1,800 Accounts Payable No. 201 1,500 4/4 1,800 Unearned Service Revenue No. 209 4/30 1,000 Owner's Capital No. 301 4/1 14,000 Service Revenue No. 400 4/7 3,000 4/12 900 Salaries and...
PLUSWeygandt, Financial Accounting, 10e ESOURCES Brief Exercise 2-8 Selected journal entries for the Nikolal Company are presented below. e 2-2 31 Date Account Titles and ExplanationRef. Debit Credit May 5 Accounts Recelvable Service Revenue e 2-6 5,000 5,000 (Billed for services performed) 12 Cash 2,100 e 2-10 Accounts Receivable 2,100 (Received cash in payment of account) 15 Cash 3,200 Service Revenue 3,200 (Received cash for services performed) Post the transactions using the standard form of account. (Post entries in the...
In Accounting
Question 7 View Policies Current Attempt in Progress From the ledger balances below. prepare a trial balance for Blossom Company at June 30, 2022. All account balances are normal. Accounts Payable $ 1,100 Cash 5,500 Common Stock 18,000 Dividends 1,450 Equipment 13,150 Service Revenue Accounts Receivable Salaries and Wages Expense Rent Expense $8,750 2,750 3.750 1.250 BLOSSOM COMPANY Trial Balance Debit Credit
Weygandt, Financial Accounting, 10e tice Assignment Gradebook ORIONDownloadable eTextbook ment CALCULAT Brief Exercise 2-10 An inexperienced bookkeeper prepared the following trial balance Erika Company Trial balance December 31, 2019 Debit Credit Cash Prepaid Insurance Accounts Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Rent Expense $16,800 $3,500 3,000 4,200 13,000 4,500 25,600 18,600 2,400 $52,000 Prepare a correct trial balance, assuming all account balances are normal. $39,600 Erika Company Trial balance Debit Credit
Weygandt, Financial & Managerial Accounting, 2e Hele I Syatem,Announcements PRINTER VERSION | イBACK NEXT Brief Exercise 9-4 Corales Company acquires a delivery truck at a cost of $46,000. The truck is expected to have a salvage value of $14,000 at the end of its 5-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method. Year 2 Year 1 Annual depreciation expense Question Attempts: o of 1 used SAVE FOR LATER SUBHIT ANSWER 5...
US Weygandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION <BACK NE ES Brief Exercise 3-09 The adjusted trial balance of Crane Company at December 31, 2020, includes the following accounts: Owner's Capital $18,000, Owner's Drawings $7,000, Service Revenue $36,700, Salaries and Wages Expense $15,500, Insurance Expense $2,000, Rent Expense $4,100, Supplies Expense $2,300, and Depreciation Expense $1,100. Prepare an income statement for the year. CRANE COMPANY Income Statement dy $ O o 3
Weygandt, Financial and Managerial, 30 Financial Managerial Accounting (ACC-152 & ACC-156) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK (D) Enter the total from the trial balance as beginning account balances. Post the part.) entries to the leader acourts (Post antries in the order of m entres presented the previous No. 101 Balance Date Explanation Debit Credit May 31 Balance Accounts Receivable Explanation No. 112 Balance Ref Debit Credit Ating No. 126 Supplies Date Explanation Credit Balance May 31...
need help filling out this ledger correctly given the inputs at the
top please.
Brief Exercise 4-02 The ledger of Ivanhoe Company includes the following unadjusted balances: Prepaid Insurance $4,200, Service Revenue $57,700, and Salaries and Wages Expense $26,700. Adjusting entries are required for (a) expired insurance $1,200, (b) services performed $1,200 are billed and not yet collected, and (c) accrued salaries payable $900. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts....
On January 1, 2018, the general ledger of a company includes the following account balances Debit Credit Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Building Accumulated Depreciation Land Accounts Payable Notes Payable (6%, due in 3 years) Common Stock Retained Earnings $ 81,000 54,000 $ 8,000 41,000 81,000 21,000 211,000 31,000 45,000 111,000 252,000 468,000 Totals $ 468,000 The company accounts for all inventory transactions using the perpetual FIFO method. Purchases and sales of inventory are recorded using...
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit $ 25, 900 14, 600 $ 2, 800 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 3,500 30,000 78,000 9,800 106,000 33, 400 $152,000 $152,000 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $45, 100. January 6 Provide services to...
Exercise 2-12 a-b The T-accounts below summarize the ledger of Negrete Landscaping Company at the end of the first month of operations. 4/1 4/12 4/29 4/30 4/7 4/4 Cash No. 101 14,000 4/15 1,300 900 4/25 1,500 400 1,000 Accounts Receivable No. 112 3,000 4/29 400 Supplies No. 126 1,800 Accounts Payable No. 201 1,500 4/4 1,800 Unearned Service Revenue No. 209 4/30 1,000 Owner's Capital No. 301 4/1 14,000 Service Revenue No. 400 4/7 3,000 4/12 900 Salaries and...
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