At the end of its fiscal year, the adjusted trial balance of Pharoah Company is as...
At the end of its fiscal year, the adjusted trial balance of
Pharoah Company is as follows:
|
PHAROAH COMPANY |
|||
|---|---|---|---|
|
Debit |
Credit |
||
|
Cash |
$5,410 | ||
|
Accounts receivable |
11,490 | ||
|
Prepaid rent |
8,500 | ||
|
Supplies |
750 | ||
|
Equipment |
19,950 | ||
|
Accumulated depreciation—equipment |
$5,700 | ||
|
Patents |
18,300 | ||
|
Accounts payable |
4,295 | ||
|
Interest payable |
750 | ||
|
Unearned revenue |
2,050 | ||
|
Notes payable (due on July 1, 2023) |
46,000 | ||
|
B. Pharoah, capital |
28,285 | ||
|
B. Pharoah drawings |
16,500 | ||
|
Service revenue |
74,900 | ||
|
Interest revenue |
320 | ||
|
Depreciation expense |
2,850 | ||
|
Interest expense |
3,000 | ||
|
Rent expense |
18,550 | ||
|
Salaries expense |
36,150 | ||
|
Supplies expense |
20,850 | ||
| $162,300 | $162,300 | ||
how to prepare closing entries?
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At the end of its fiscal year, the adjusted trial balance of
Pharoah Company is as...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 upport Cr. Account No. 101 112 126 157 158 Adjusted Trial Balance Dr. $6,300 10,800 2,200 2,200 27,700 $4,500 14,100 5,500 3,500 670 17,000 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Pharoah, capital D. Pharoah, drawings Service revenue Advertising avnence 200 201 212 230 301...
The adjusted trial balance columns of the worksheet for Pharoah Company are as follows. Complete the...
The adjusted trial balance columns of the worksheet for Pharoah Company are as follows. Complete the worksheet PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Income Statement Adjusted Trial Balance Balan Account Titles Dr. Cr. Dr. Cr. Dr. Cash 11,700 Accounts Receivable 7,300 Prepaid Rent 2.000 23,300 5,100 5,800 Equipment Accumulated Depreciation --Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 5.500 28,250 3,400 15,000 10,500 Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense...
The trial balances shown below are before and after adjustment for Pharoah Company at the end...
The trial balances shown below are before and after adjustment for Pharoah Company at the end of its fiscal year. PHAROAH COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,680 $10,680 Accounts Receivable 8,770 9,360 Supplies 2,990 1,910 Prepaid Insurance 4,210 2,960 Equipment 16,710 16,710 Accumulated Depreciation—Equipment $3,760 $4,960 Accounts Payable 5,080 5,080 Salaries and Wages Payable 0 1,850 Unearned Rent Revenue 1,910 1,160 Common Stock 19,980 19,980 Retained Earnings 5,330 5,330 Dividends...
The adjusted trial balance columns of the worksheet for Pharoah Company are as follows. (Part (Part...
The adjusted trial balance columns of the worksheet for Pharoah Company are as follows. (Part (Part a2-b ission) Study 2,000 PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,200 Accounts Receivable 7,100 Prepaid Rent Equipment 22,700 Accumulated Depreciation--Equip. 5,200 Notes Payable 5,700 Accounts Payable 4,900 Owner's Capital 26,740 Owner's Drawings 3,800 Service Revenue 15,200 Salaries and Wages Expense 10,500 Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 57,830...
The adjusted trial balance for the Reubens Company at the end of its fiscal year is...
The adjusted trial balance for the Reubens Company at the end of its fiscal year is shown below. Instructions: a) Prepare the required four closing entries. As of: 12/31/20 Trial Balance Account Name Debit Credit Cash $ 9,440 Accounts Receivable 1,900 Prepaid Rent 540 Office Supplies 1,740 Office Equipment 13,000 Accum. Depreciation Office Equipment 4,350 Trademark 4,000 Accounts Payable 780 Wages Payable 200 Long Term Loan Payable 8,830 Common Stock 12.900 Retained Earnings 250 Dividends 850 ΠααεΙΠΠΟΙ Ν 1.000 Accounts...
Dalton Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial...
Dalton Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial balance.) (Click on the icon to view the statement of retained eamings.) Prepare Dalton's classified balance sheet at December 31, 2024. Assume the Notes Payable in due on December 1, 2031. Use the report form. Begin by preparing the set section of the balance sheet, then prepare the abilities section and finally the stockholders' quity section. It a box is not used in the...
Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below....
Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment Cr. After Adjustment Dr. Cr. Dr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $...
CES Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given...
CES Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 2 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense...
PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles...
PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,300 Accounts Receivable 7,200 Prepaid Rent 2,300 Equipment 22,800 Accumulated Depreciation-Equip. 5,300 Notes Payable 5,900 Accounts Payable 4,700 Owner's Capital 26,220 Owner's Drawings 3,400 Service Revenue 15.900 Salaries and Wages Expense 10,700 Rent Expense 700 Depreciation Expense 620 Interest Expense 30 Interest Payable 30 Totals 58,050 58,050 Income Summary Owner's Capital .
list of accounts Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
The adjusted trial balance for Pharoah Company, owned by D. Pharoah, are as follows: PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 upport Cr. Account No. 101 112 126 157 158 Adjusted Trial Balance Dr. $6,300 10,800 2,200 2,200 27,700 $4,500 14,100 5,500 3,500 670 17,000 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Pharoah, capital D. Pharoah, drawings Service revenue Advertising avnence 200 201 212 230 301...
The adjusted trial balance columns of the worksheet for Pharoah Company are as follows. Complete the worksheet PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Income Statement Adjusted Trial Balance Balan Account Titles Dr. Cr. Dr. Cr. Dr. Cash 11,700 Accounts Receivable 7,300 Prepaid Rent 2.000 23,300 5,100 5,800 Equipment Accumulated Depreciation --Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 5.500 28,250 3,400 15,000 10,500 Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense...
The adjusted trial balance columns of the worksheet for Pharoah Company are as follows. (Part (Part a2-b ission) Study 2,000 PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,200 Accounts Receivable 7,100 Prepaid Rent Equipment 22,700 Accumulated Depreciation--Equip. 5,200 Notes Payable 5,700 Accounts Payable 4,900 Owner's Capital 26,740 Owner's Drawings 3,800 Service Revenue 15,200 Salaries and Wages Expense 10,500 Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 57,830...
The adjusted trial balance for the Reubens Company at the end of its fiscal year is shown below. Instructions: a) Prepare the required four closing entries. As of: 12/31/20 Trial Balance Account Name Debit Credit Cash $ 9,440 Accounts Receivable 1,900 Prepaid Rent 540 Office Supplies 1,740 Office Equipment 13,000 Accum. Depreciation Office Equipment 4,350 Trademark 4,000 Accounts Payable 780 Wages Payable 200 Long Term Loan Payable 8,830 Common Stock 12.900 Retained Earnings 250 Dividends 850 ΠααεΙΠΠΟΙ Ν 1.000 Accounts...
Dalton Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial balance.) (Click on the icon to view the statement of retained eamings.) Prepare Dalton's classified balance sheet at December 31, 2024. Assume the Notes Payable in due on December 1, 2031. Use the report form. Begin by preparing the set section of the balance sheet, then prepare the abilities section and finally the stockholders' quity section. It a box is not used in the...
Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment Cr. After Adjustment Dr. Cr. Dr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $...
CES Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 2 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense...
PHAROAH COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,300 Accounts Receivable 7,200 Prepaid Rent 2,300 Equipment 22,800 Accumulated Depreciation-Equip. 5,300 Notes Payable 5,900 Accounts Payable 4,700 Owner's Capital 26,220 Owner's Drawings 3,400 Service Revenue 15.900 Salaries and Wages Expense 10,700 Rent Expense 700 Depreciation Expense 620 Interest Expense 30 Interest Payable 30 Totals 58,050 58,050 Income Summary Owner's Capital .
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
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