Homework Answers
| Date | DESCRIPTION | Debit ($) | Credit ($) |
| April--30 | Accounts Receivable A/c | 8,200 | |
| To Fees Earned A/c | 8,200 | ||
| [The Journal entry to record the fees earned on account for $8,200] | |||
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me now Calculator Journal entry for fees earned Instructions Chart of Accounts Journal Instructions X Prepare...
Instructions Chart of Accounts Journal Instructions Х After the accounts have been adjusted at December 31,...
Instructions Chart of Accounts Journal Instructions Х After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital $3,513,000 Kerry Buckner, Drawing 42,500 Fees Earned 1,324,000 Wages Expense 749,100 Rent Expense 68,800 Supplies Expense 14,600 Miscellaneous Expense 7,350 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles....
Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received...
Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock. (b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April. (d) Purchased $1,500 of supplies on account. (e) Recorded $9,800 of lees earned on account. (1) Received $7,500 in cash for fees earned. (g) Paid $1,200 to creditors on account. (h) Paid wages of...
Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its...
Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Foes Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct 1 3 10 Paid rent for the month, $2,800. Paid advertising expense, $500. Paid cash for supplies, $1,300. Purchased office equipment on account, $9,500. Received cash from customers on account, $15,500. Paid creditors on account, $3,180. Paid...
Instructions After the accounts have been adjusted at December 31, the end of the fiscal year,...
Instructions After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital Kerry Buckner, Drawing Fees Earned Wages Expenso Rent Expense Supplies Expense Miscellaneous Expense $9,556,300 80,000 1,878,400 1,415,500 125,000 30,600 22,100 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Pioneer Delivery Services...
may for purchase Instruction Chart of Accounts Journal A 4 of 5:29 AM 20000 y uno...
may for purchase Instruction Chart of Accounts Journal A 4 of 5:29 AM 20000 y uno el LK L VI BNM.. eBook Show Me How Calculator Print Item Journal entry for asset purchase Instructions Chart of Accounts Journal Instructions Chart of Accounts CHART OF ACCOUNTS the remainder on account General Ledger ASSETS REVENUE 41 Fees Eamed 42 Sales Commission 11 Cash 12 Accounts Receivable 13 Ofice Supplies 14 Prepaid Insurance 15 Land 16 Office Equipment 17 Automobiles EXPENSES 51 Advertising...
Calculator Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a)...
Calculator Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27.000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April (d) Purchased $1,500 of supplies on account. (e) Recorded $9,800 of tees earned on account (1) Received $7,500 in cash for fees earned. (9) Paid $1.200 to creditors on account (h) Paid wages...
Prepare closing entries on December 31 using the end-of-period spreadsheet. Refer to the chart of accounts...
Prepare closing entries on December 31 using the end-of-period
spreadsheet. Refer to the chart of accounts for exact wording of
account titles.
Prepare closing entries from the following end-of-period spreadsheet. Refer to the Chart of Accounts for exact wording of account titles. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 26.500 26,500 Accounts Receivable 5,000 2,000 7.000 Supplies 8,000 7.000 1.000 Equipment...
Instructions Chart of Accounts Journal Final Question Instructions On March 31, the following data were accumulated...
Instructions Chart of Accounts Journal Final Question Instructions On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: • The supplies account balance on March 31 is $5,620, the supplies on hand on March 31 are $1,290. • The unearned rent account balance on March 31 is $5,000 representing the receipt of an advance payment on March 1 of four months' rent from tenants. • Wages accrued but not paid...
culator justing entries Instructions Journal Chart of Accounts HI Final Question Instructions On December 31, the...
culator justing entries Instructions Journal Chart of Accounts HI Final Question Instructions On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty • The supplies account balance on December 31 is $5,210. The supplies on hand on December 31 are $1,135. The uneared rent account balance on December 31 is $5,600 representing the receipt of an advance payment on December 1 of four months rent from tenants. • Wages accrued but not paid at...
Chart of Accounts structions Al the end of the current year, 559,500 of fees have been...
Chart of Accounts structions Al the end of the current year, 559,500 of fees have been earned but have not been biled to clients. Required: A Journalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account bites. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? LIABILITIES 56 Utilities Expense 57 Depreciation Expense 21 Accounts Payable...
Instructions Chart of Accounts Journal Instructions Х After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital $3,513,000 Kerry Buckner, Drawing 42,500 Fees Earned 1,324,000 Wages Expense 749,100 Rent Expense 68,800 Supplies Expense 14,600 Miscellaneous Expense 7,350 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles....
Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock. (b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April. (d) Purchased $1,500 of supplies on account. (e) Recorded $9,800 of lees earned on account. (1) Received $7,500 in cash for fees earned. (g) Paid $1,200 to creditors on account. (h) Paid wages of...
Transactions Instructions Chart of Accounts Journal Instructions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Foes Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct 1 3 10 Paid rent for the month, $2,800. Paid advertising expense, $500. Paid cash for supplies, $1,300. Purchased office equipment on account, $9,500. Received cash from customers on account, $15,500. Paid creditors on account, $3,180. Paid...
Instructions After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital Kerry Buckner, Drawing Fees Earned Wages Expenso Rent Expense Supplies Expense Miscellaneous Expense $9,556,300 80,000 1,878,400 1,415,500 125,000 30,600 22,100 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Pioneer Delivery Services...
may for purchase Instruction Chart of Accounts Journal A 4 of 5:29 AM 20000 y uno el LK L VI BNM.. eBook Show Me How Calculator Print Item Journal entry for asset purchase Instructions Chart of Accounts Journal Instructions Chart of Accounts CHART OF ACCOUNTS the remainder on account General Ledger ASSETS REVENUE 41 Fees Eamed 42 Sales Commission 11 Cash 12 Accounts Receivable 13 Ofice Supplies 14 Prepaid Insurance 15 Land 16 Office Equipment 17 Automobiles EXPENSES 51 Advertising...
Calculator Instructions Chart of Accounts General Journal Instructions Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27.000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April (d) Purchased $1,500 of supplies on account. (e) Recorded $9,800 of tees earned on account (1) Received $7,500 in cash for fees earned. (9) Paid $1.200 to creditors on account (h) Paid wages...
Prepare closing entries on December 31 using the end-of-period
spreadsheet. Refer to the chart of accounts for exact wording of
account titles.
Prepare closing entries from the following end-of-period spreadsheet. Refer to the Chart of Accounts for exact wording of account titles. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 26.500 26,500 Accounts Receivable 5,000 2,000 7.000 Supplies 8,000 7.000 1.000 Equipment...
Instructions Chart of Accounts Journal Final Question Instructions On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: • The supplies account balance on March 31 is $5,620, the supplies on hand on March 31 are $1,290. • The unearned rent account balance on March 31 is $5,000 representing the receipt of an advance payment on March 1 of four months' rent from tenants. • Wages accrued but not paid...
culator justing entries Instructions Journal Chart of Accounts HI Final Question Instructions On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty • The supplies account balance on December 31 is $5,210. The supplies on hand on December 31 are $1,135. The uneared rent account balance on December 31 is $5,600 representing the receipt of an advance payment on December 1 of four months rent from tenants. • Wages accrued but not paid at...
Chart of Accounts structions Al the end of the current year, 559,500 of fees have been earned but have not been biled to clients. Required: A Journalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account bites. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? LIABILITIES 56 Utilities Expense 57 Depreciation Expense 21 Accounts Payable...
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