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O Showing Selected amounts from Sandhill Company's trial balance of 12/31/20 par blow 2. Arounts Receivable...
The following are selected amounts from Matador Company's trial balance of 12/31/2020: (All of the accounts...
The following are selected amounts from Matador Company's trial balance of 12/31/2020: (All of the accounts have their standard (normal) debit or credit balance.) Account Balance Accounts Payable $160,000.00 Accounts Receivable $150,000.00 Accumulated Depreciation-Equipment $200,000.00 Allowance for Doubtful Accounts $20,000.00 Bonds Payable $500,000.00 Cash $150,000.00 Common Stock $60,000.00 Equipment $870,000.00 Prepaid Insurance $30,000.00 Interest Expense $10,000.00 Inventory $300,000.00 Notes Payable (due 3/31/21) $200,000.00 Rent Expense $240,000.00 Retained Earnings $818,000.00 Prepare adjusting journal entries at year end, December 31, 2020, based...
P#4-Adjusting entries and account classification. Selected amounts from Trent Company's trial balance of 12/31/17 appear below...
P#4-Adjusting entries and account classification. Selected amounts from Trent Company's trial balance of 12/31/17 appear below 1. Accounts Payable $ 160,000 2. Accounts Receivable 150,000 3. Accumulated Depreciation Equipment 200.000 4. Allowance for Doubtful Accounts 20,000 5. Bonds Payable 500,000 6. Cash 150.000 7. Common Stock 60,000 8. Equipment 870,000 9. Prepaid Insurance 30,000 10. Interest Expense 10,000 11. Inventory 300,000 12. Notes Payable (due 6/1/18) 200,000 13. Prepaid Rent 240,000 14. Retained Earnings 818,000 15. Salaries and Wages Expense...
See below. Thank you! Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31,...
See below. Thank you!
Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit $26,500 56,000 23,000 68,000 98,600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10...
Unadjusted Trial Balance December 31, 2020 Credit Debit 18,412 62.500 645 61,743 8.280 70,000 475,000 Cash...
Unadjusted Trial Balance December 31, 2020 Credit Debit 18,412 62.500 645 61,743 8.280 70,000 475,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Investment in AT&T Bonds Plant and Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings Sales Sales Retums and allowances Cost of Goods Sold Delivery Expense Salaries and Wages Expense Interest Expense Miscellaneous Expense Rent Expense Rent Revenue 142,800 13,950 130,000 50,000 191,290 781,200 4,390 537,500 25,360 92,950 6,600 1,950 21,600 76,400 1,386,285...
The following are selected amounts from Matador Company's trial balance of 12/31/2020: (All of the accounts have their standard (normal) debit or credit balance.) Account Balance Accounts Payable $160,000.00 Accounts Receivable $150,000.00 Accumulated Depreciation-Equipment $200,000.00 Allowance for Doubtful Accounts $20,000.00 Bonds Payable $500,000.00 Cash $150,000.00 Common Stock $60,000.00 Equipment $870,000.00 Prepaid Insurance $30,000.00 Interest Expense $10,000.00 Inventory $300,000.00 Notes Payable (due 3/31/21) $200,000.00 Rent Expense $240,000.00 Retained Earnings $818,000.00 Prepare adjusting journal entries at year end, December 31, 2020, based...
P#4-Adjusting entries and account classification. Selected amounts from Trent Company's trial balance of 12/31/17 appear below 1. Accounts Payable $ 160,000 2. Accounts Receivable 150,000 3. Accumulated Depreciation Equipment 200.000 4. Allowance for Doubtful Accounts 20,000 5. Bonds Payable 500,000 6. Cash 150.000 7. Common Stock 60,000 8. Equipment 870,000 9. Prepaid Insurance 30,000 10. Interest Expense 10,000 11. Inventory 300,000 12. Notes Payable (due 6/1/18) 200,000 13. Prepaid Rent 240,000 14. Retained Earnings 818,000 15. Salaries and Wages Expense...
See below. Thank you!
Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit $26,500 56,000 23,000 68,000 98,600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10...
Unadjusted Trial Balance December 31, 2020 Credit Debit 18,412 62.500 645 61,743 8.280 70,000 475,000 Cash Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Investment in AT&T Bonds Plant and Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings Sales Sales Retums and allowances Cost of Goods Sold Delivery Expense Salaries and Wages Expense Interest Expense Miscellaneous Expense Rent Expense Rent Revenue 142,800 13,950 130,000 50,000 191,290 781,200 4,390 537,500 25,360 92,950 6,600 1,950 21,600 76,400 1,386,285...
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