CP 9‐2
An extract from the trial balance of Selby Corp. at December 31,
2019 is reproduced below:
I have attached the full question and workbook for the answers to be filled into below. The answers must put put into this workbook format or I won't understand them. Also, I can't understand handwriting that's not my own that well, so if you must give me handwritten answers, please only print and make it very understandable. Thank you!
CP 9-2 Date Description PR Debit Credit
Homework Answers
Accounts payable has increased, it has to be credited for the difference.
Interest payable has increase, it has to be credited and interest expense should be debited.
Unearned rent revenue has decreased, it means expired rent revenue has to be recognized for the difference.
Add Answer to:
CP 9‐2 An extract from the trial balance of Selby Corp. at December 31, 2019 is reproduced below:...
An extract from the trial balance of Armstrong Corp. at June 30, 2019 is reproduced below:...
An extract from the trial balance of Armstrong Corp. at June 30, 2019 is reproduced below: Amount in adjusted trial balance Amount in unadjusted trial balance $ 190 0 850 0 1,000 Account Unused office supplies Accumulated depreciation - truck Prepaid insurance Interest payable Unearned rent $ 55 400 610 100 500 Required: Prepare in general journal format the entries that were posted, including a plausible description. General ledger account numbers are not necessary
An extract from the trial balance of Paragon Corporation at December 31, 2019 is reproduced below:...
An extract from the trial balance of Paragon Corporation at December 31, 2019 is reproduced below: Amount in unadjusted trial balance Amount in adjusted trial balance a. Salaries expense (J. Smith) $50,000 $52,000 b. Employee income taxes payable $0 $500 c. FICA Social Security taxes payable $0 $248 d. FICA Medicare taxes payable $0 $ 58 Additional information: Employees pay 6.2% of their gross salaries to Social Security and 1.45% of gross salaries to Medicare. The company matches employees’ Social...
ACCOUNT Amount in Unadjusted Trial Balance Amount in Adjusted Trial Balance Unused office supplies $190 $55...
ACCOUNT Amount in Unadjusted Trial Balance Amount in Adjusted Trial Balance Unused office supplies $190 $55 Accumulated depreciation - truck 0 400 Prepaid Insurance 850 610 Interest payable 0 100 Unearned rent 1000 500 An exact from the trial balance of Armstrong Corp. at June 30, 2019 is reproduced above Required: Prepare a general journal format the entries that were posted, including a plausable description. General ledger account numbers are not necessary.
CP 9–1 The following unadjusted accounts are taken from the records of Brown Corp. at December...
CP 9–1 The following unadjusted accounts are taken from the
records of Brown Corp. at December 31, 2019:
I have attached the full question and workbook for the answers
to be filled into below. The answers must put put
into this workbook format or I won't understand them. Also, I can't
understand handwriting that's not my own that well, so if you must
give me handwritten answers, please only print and make it very
understandable. Thank you!
CP 9-1 The...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance tab. Information for adjustments is os follows: o. As of December 31, employees had earned $2.000 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.400. c. The notes payable requires an interest payment to be made every three months. The amount...
The unadjusted trial balance of Property Incorporated appears below as of December 31, 2019 Property Incorporated...
The unadjusted trial balance of Property Incorporated appears below as of December 31, 2019 Property Incorporated Unadjusted Trial Balance December 31, 2019 Debit Credit Cash $274,750 Accounts Receivable 120,000 Prepaid insurance 11,250 Supplies 37,500 Plant 140,000 Accumulated Depreciation – plant $ 14,000 Accounts Payable 82,500 Unearned Service revenue 73,500 Common stock 207,500 Retained Earnings 127,500 Dividends 7,500 Service revenue 198,500 Salary expense 61,500 Utilities expense 27,000 Rent expense 15,000 Postage 9,000 $703,500 $703,500 Additional data are as follows:...
The unadjusted trial balance of Morgan Manufacturing Corp. at December 31, 2019 is shown. Refer also...
The unadjusted trial balance of Morgan Manufacturing Corp. at
December 31, 2019 is shown. Refer also to the additional year-end
information for the company shown on the "Adjusting Entries" page
(see pictures)
Required: 1 Prepare year-end adjusting entries. General ledger
account numbers are not necessary. Show your calculations below
each adjusting entry.
2 Post the adjusting entries to the trial balance and prepare an
adjusted trial balance.
3 Using the amounts from the adjusted trial balance, complete
the financial statements...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $25,100 Accounts Receivable 50,150 Cash ? Elaine Wells, Capital 117,050 Elaine Wells, Drawing 27,000 Fees Earned 418,000 Insurance Expense 7,950 Land 114,550 Miscellaneous Expense 11,700 Notes Payable 54,000 Prepaid Insurance 3,750 Rent Expense 79,400 Supplies 2,500 Supplies Expense 10,450 Unearned...
P 3-1 The following unrelated accounts are extracted from the trial balance of Meekins Limited at...
P 3-1 The following unrelated accounts are extracted from the trial balance of Meekins Limited at December 31, its fiscal year-end: Account a. Prepaid rent b. Wages payable c. Income taxes payable d. Unearned commissions revenue e. Other unearned revenue f. Advertising expense 8. Depreciation expense - equipment h. Supplies expense i. Truck operating expense Balance Unadjusted Adjusted $ 300 $ 600 500 700 1,000 2,000 3,000 25,000 20,000 5,000 3,500 500 850 625 4,000 4,500 -0- Required: For each...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31,...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
An extract from the trial balance of Armstrong Corp. at June 30, 2019 is reproduced below: Amount in adjusted trial balance Amount in unadjusted trial balance $ 190 0 850 0 1,000 Account Unused office supplies Accumulated depreciation - truck Prepaid insurance Interest payable Unearned rent $ 55 400 610 100 500 Required: Prepare in general journal format the entries that were posted, including a plausible description. General ledger account numbers are not necessary
CP 9–1 The following unadjusted accounts are taken from the
records of Brown Corp. at December 31, 2019:
I have attached the full question and workbook for the answers
to be filled into below. The answers must put put
into this workbook format or I won't understand them. Also, I can't
understand handwriting that's not my own that well, so if you must
give me handwritten answers, please only print and make it very
understandable. Thank you!
CP 9-1 The...
The unadjusted trial balance for Green Initiatives as December 31 is provided on the trial balance tab. Information for adjustments is os follows: o. As of December 31, employees had earned $2.000 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,500 of salaries will be paid. b. The cost of supplies still available at December 31 is $1.400. c. The notes payable requires an interest payment to be made every three months. The amount...
The unadjusted trial balance of Morgan Manufacturing Corp. at
December 31, 2019 is shown. Refer also to the additional year-end
information for the company shown on the "Adjusting Entries" page
(see pictures)
Required: 1 Prepare year-end adjusting entries. General ledger
account numbers are not necessary. Show your calculations below
each adjusting entry.
2 Post the adjusting entries to the trial balance and prepare an
adjusted trial balance.
3 Using the amounts from the adjusted trial balance, complete
the financial statements...
P 3-1 The following unrelated accounts are extracted from the trial balance of Meekins Limited at December 31, its fiscal year-end: Account a. Prepaid rent b. Wages payable c. Income taxes payable d. Unearned commissions revenue e. Other unearned revenue f. Advertising expense 8. Depreciation expense - equipment h. Supplies expense i. Truck operating expense Balance Unadjusted Adjusted $ 300 $ 600 500 700 1,000 2,000 3,000 25,000 20,000 5,000 3,500 500 850 625 4,000 4,500 -0- Required: For each...
An inexperienced bookkeeper prepared the following trial balance. Sheffield Corp. Prepare a trial balance. December 31, 2019 Debit Credit Cash $19,500 Prepaid Insurance $1,950 Accounts Payable 4,150 Unearned Service Revenue 5,350 Common Stock 15,700 Dividends 5,650 Service Revenue 28.300 Salaries and Wages Expense 21,300 Rent Expense 5.100 $46,150 $60,850 Prepare a correct trial balance, assuming all account balances are normal.
Most questions answered within 3 hours.
-
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 1 hour ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 2 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 2 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 3 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 4 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 4 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 5 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 5 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 5 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 6 hours ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 6 hours ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 6 hours ago