The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
| Accounts | Debit | Credit | ||||||
| Cash | $ | 11,200 | ||||||
| Accounts Receivable | 142,000 | |||||||
| Prepaid Rent | 5,200 | |||||||
| Supplies | 26,000 | |||||||
| Equipment | 320,000 | |||||||
| Accumulated Depreciation | $ | 127,000 | ||||||
| Accounts Payable | 11,200 | |||||||
| Salaries Payable | 10,200 | |||||||
| Interest Payable | 4,200 | |||||||
| Notes Payable (due in two years) | 32,000 | |||||||
| Common Stock | 220,000 | |||||||
| Retained Earnings | 52,000 | |||||||
| Service Revenue | 420,000 | |||||||
| Salaries Expense | 320,000 | |||||||
| Rent Expense | 16,000 | |||||||
| Depreciation Expense | 32,000 | |||||||
| Interest Expense | 4,200 | |||||||
| Totals | $ | 876,600 | $ | 876,600 | ||||
Required:
1. Record the necessary closing entries at
December 31, 2021. (If no entry is required for a
particular transaction/event, select "No Journal Entry Required" in
the first account field.)
Homework Answers
| Date | Account and Explanation | Debit | Credit |
| Dec 31st | Service Revenue | $420,000 | - |
| Retained earnings | - | $420,000 | |
| (To record income to retained earnings) | |||
| Dec 31st | Retained earnings | $372,200 | - |
| Rent expense | - | $16,000 | |
| Depreciation expense | - | $32,000 | |
| Internet expense | - | $4,200 | |
| Salaries expense | - | $320,000 | |
| (To record expense to retained earnings) |
Add Answer to:
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,200 132,000 4,200 220,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $117,000 10,200 9,200 3,200 22,000 120,000 42,000 320,000 220,000 11,000 22,000 3,200 $643, 600 $643, 600 FIGHTIN' BLUE HENS CORPORATION Post-Closing...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,600
Accounts Receivable
136,000
Prepaid Rent
4,600
Supplies
23,000
Equipment
260,000
Accumulated Depreciation
$
121,000
Accounts Payable
10,600
Salaries Payable
9,600
Interest Payable
3,600
Notes Payable (due in two years)
26,000
Common Stock
160,000
Retained Earnings
46,000
Service Revenue
360,000
Salaries Expense
260,000
Rent Expense
13,000
Depreciation Expense
26,000
Interest Expense
3,600
Totals
$
736,800
$
736,800
Prepare an...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,600
Accounts Receivable
136,000
Prepaid Rent
4,600
Supplies
23,000
Equipment
260,000
Accumulated Depreciation
$
121,000
Accounts Payable
10,600
Salaries Payable
9,600
Interest Payable
3,600
Notes Payable (due in two years)
26,000
Common Stock
160,000
Retained Earnings
46,000
Service Revenue
360,000
Salaries Expense
260,000
Rent Expense
13,000
Depreciation Expense
26,000
Interest Expense
3,600
Totals
$
736,800
$
736,800
Prepare a...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,800
Accounts
Receivable
138,000
Prepaid
Rent
4,800
Supplies
24,000
Equipment
280,000
Accumulated
Depreciation
$
123,000
Accounts
Payable
10,800
Salaries
Payable
9,800
Interest
Payable
3,800
Notes Payable
(due in two years)
28,000
Common
Stock
180,000
Retained
Earnings
48,000
Service
Revenue
380,000
Salaries
Expense
280,000
Rent
Expense
14,000
Depreciation
Expense
28,000
Interest
Expense
3,800
Totals
$
783,400
$
783,400
1. Record...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit 12,000 150,000 6,000 30,000 400,000 $ Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 400,000 20,000 40,000 5,000 $1,063,000 $1,063,000 2. Prepare a statement of stockholders'...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 11,000 Accounts Receivable 140,000 Prepaid Rent 5,000 Supplies 25,000 Equipment 300,000 Accumulated Depreciation $ 125,000 Accounts Payable 11,000 Salaries Payable 10,000 Interest Payable 4,000 Notes Payable (due in two years) 30,000 Common Stock 200,000 Retained Earnings 50,000 Service Revenue 400,000 Salaries Expense 300,000 Rent Expense 15,000 Depreciation Expense 30,000 Interest Expense 4,000 Totals $ 830,000 $ 830,000 2. Prepare...
The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit...
The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit f3 5 Debit 11,988 149,000 5,900 29,50 398, see Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense interest Expense Total $ 134,080 11,90 10,980 4,988 39. eee 298,888 59,000 499.00 390.ee 19, see 39 4,90 $1,039,780 $1.59.780 Required:...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 11,800 Accounts Receivable 148,000 Prepaid Rent 5,800 Supplies 29,000 Equipment 380,000 Accumulated Depreciation $ 133,000 Accounts Payable 11,800 Salaries Payable 10,800 Interest Payable 4,800 Notes Payable (due in two years) 38,000 Common Stock 280,000 Retained Earnings 58,000 Service Revenue 480,000 Salaries Expense 380,000 Rent Expense 19,000 Depreciation Expense 38,000 Interest Expense 4,800 Totals $ 1,016,400 $ 1,016,400 1. Prepare...
The following information applies to the questions displayed below.) The December 31, 2021. adjusted trial balanc...
The following information applies to the questions displayed below.) The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,200 132,000 4,200 21,800 220,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $117,000 10,200 9,200 3,200 22,800 120,000 42,000 320,000 220,000 11,000 22,000...
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented belovw. Accounts...
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented belovw. Accounts Debit Credit $11700 147,000 Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable $132,000 10,700 37,000 Interest Payable Notes Payable (due in two years Common Stock Retained Earnings Service Revenue Salaries Expense 270,000 470,000 18,500 37000 4,700 Interest Expense Totals $993,100 $993,100 10. Required informatio 10.00 points Required: 1. Record the necessary closing entries at December 31, 2018. (If no entry is required...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,200 132,000 4,200 220,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $117,000 10,200 9,200 3,200 22,000 120,000 42,000 320,000 220,000 11,000 22,000 3,200 $643, 600 $643, 600 FIGHTIN' BLUE HENS CORPORATION Post-Closing...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,600
Accounts Receivable
136,000
Prepaid Rent
4,600
Supplies
23,000
Equipment
260,000
Accumulated Depreciation
$
121,000
Accounts Payable
10,600
Salaries Payable
9,600
Interest Payable
3,600
Notes Payable (due in two years)
26,000
Common Stock
160,000
Retained Earnings
46,000
Service Revenue
360,000
Salaries Expense
260,000
Rent Expense
13,000
Depreciation Expense
26,000
Interest Expense
3,600
Totals
$
736,800
$
736,800
Prepare an...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,600
Accounts Receivable
136,000
Prepaid Rent
4,600
Supplies
23,000
Equipment
260,000
Accumulated Depreciation
$
121,000
Accounts Payable
10,600
Salaries Payable
9,600
Interest Payable
3,600
Notes Payable (due in two years)
26,000
Common Stock
160,000
Retained Earnings
46,000
Service Revenue
360,000
Salaries Expense
260,000
Rent Expense
13,000
Depreciation Expense
26,000
Interest Expense
3,600
Totals
$
736,800
$
736,800
Prepare a...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,800
Accounts
Receivable
138,000
Prepaid
Rent
4,800
Supplies
24,000
Equipment
280,000
Accumulated
Depreciation
$
123,000
Accounts
Payable
10,800
Salaries
Payable
9,800
Interest
Payable
3,800
Notes Payable
(due in two years)
28,000
Common
Stock
180,000
Retained
Earnings
48,000
Service
Revenue
380,000
Salaries
Expense
280,000
Rent
Expense
14,000
Depreciation
Expense
28,000
Interest
Expense
3,800
Totals
$
783,400
$
783,400
1. Record...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit 12,000 150,000 6,000 30,000 400,000 $ Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 400,000 20,000 40,000 5,000 $1,063,000 $1,063,000 2. Prepare a statement of stockholders'...
The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit f3 5 Debit 11,988 149,000 5,900 29,50 398, see Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense interest Expense Total $ 134,080 11,90 10,980 4,988 39. eee 298,888 59,000 499.00 390.ee 19, see 39 4,90 $1,039,780 $1.59.780 Required:...
The following information applies to the questions displayed below.) The December 31, 2021. adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,200 132,000 4,200 21,800 220,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $117,000 10,200 9,200 3,200 22,800 120,000 42,000 320,000 220,000 11,000 22,000...
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented belovw. Accounts Debit Credit $11700 147,000 Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable $132,000 10,700 37,000 Interest Payable Notes Payable (due in two years Common Stock Retained Earnings Service Revenue Salaries Expense 270,000 470,000 18,500 37000 4,700 Interest Expense Totals $993,100 $993,100 10. Required informatio 10.00 points Required: 1. Record the necessary closing entries at December 31, 2018. (If no entry is required...
Most questions answered within 3 hours.
-
What exactly is an information system? How does it work" What
are its people organization,
...
asked 1 minute from now -
The Food Marketing Institute shows that 17% of households spend
more than $100 per week on...
asked 7 minutes ago -
Go to NCBI BLAST search web page
1st search: GEKDLRRAKDINQEVYNF
2nd search: PTSQRLQLLEPFDK
3rd search: GEKDLRRAKDINQEVYNF...
asked 11 minutes ago -
Explain how each of the following three conditions could be a
red flag for a register...
asked 16 minutes ago -
In a two-way factorial ANOVA, the final F-ratio for
factor AxB is determined by dividing _____...
asked 46 minutes ago -
Show your solutions for answer.
4. An aqueous solution contains 9.21 g of
K4Fe(CN)6 in a...
asked 16 minutes ago -
The random variable X has a uniform distribution with values
between 16 and 18. What is...
asked 25 minutes ago -
Evaluate each of the following transactions in terms of their
effect on assets, liabilities, and equity....
asked 24 minutes ago -
The amounts of nicotine in a certain brand of cigarette are
normally distributed with a mean...
asked 45 minutes ago -
The commercial lending department of First Bank made a
substantial loan to Alpha Company after obtaining...
asked 30 minutes ago -
For a reaction, reagents --->products, it's forwarding rate
(rate of products formation) is proportional to the...
asked 43 minutes ago -
5)
Typically,
there will need to be a rather high degree of coordination and
interaction among...
asked 39 minutes ago