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need help with the general journal. The unadjusted trial balance of Sketch Star Makers Inc., prepared as of Decemb...
The unadjusted trial balance of Sketch Star Makers Inc., prepared as of December 31, 2018, includes...
The unadjusted trial balance of Sketch Star Makers Inc., prepared as of December 31, 2018, includes the following account balances. All of the accounts listed have normal balances. $ Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue Service Revenue Salaries and Wages Expense 10,500 2,100 1.200 5,000 11,000 2,100 21,000 5,500 31,000 30,500 The following information is also available: A) A count of supplies revealed $500 worth on hand at December 31, 2018. B)...
General Journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2018: Credits...
Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2018: Credits Debits $ 69.ee 116, gee 1.329 139,320 8,758 50, 300 279, 280 Cash Accounts Receivable Interest Receivable Supplies Prepaid Insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Supplies Expense Repair and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals $ 64,899...
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below. Debit Credit...
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below. Debit Credit Cash Accounts Recelvable Prepaid Rent S 9,600 14,600 6,720 3,600 Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 2,600 10,000 5,600 49,320 33,000 $67,520 $67,520 At year-end, the following additional information is available a. The balance of Prepaid Rent, $6,720, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019. b. The balance of Deferred...
Howarth Company’s fiscal year-end is December 31. Below are the unadjusted and adjusted trial balances for...
Howarth Company’s fiscal year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2018. Unadjusted Adjusted Account Title Debits Credits Debits Credits Cash 41,000 41,000 Accounts receivable 26,000 26,000 Prepaid rent 1,575 1,000 Supplies 1,175 700 Inventory 51,000 51,000 Note receivable 49,000 49,000 Interest receivable 0 2,450 Office equipment 36,000 36,000 Accumulated depreciation 15,900 20,600 Accounts payable 25,000 25,000 Salaries and wages payable 0 5,300 Note payable 41,000 41,000 Interest payable 0 1,600 Deferred rent...
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below Debit Credit...
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below Debit Credit Accounts Cash $9,600 4,600 6,720 3,500 Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earmings Service Revenue Salarles Expense $2,600 10,000 5.600 49,320 33,000 $67,520 $67,520 At year-end, the following additional information is available: a. The balance of Prepaid Rent, $6,720, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019. b. The balance of Deferred Revenue, $2,600,...
Need some help with this problem, mainly on the Part A, D and E. Adjusting Entries...
Need some help with this problem, mainly on the Part A, D and E.
Adjusting Entries are hella confusing.
No Transaction General Journal Credit Debit 4,240 X 1 a. Rent Expense Prepaid Rent 4,240 x 2 1,300 Depreciation Expense Accumulated Depreciation 1,300 3 Salaries and Wages Expense 2,400 Salaries and Wages Payable 2,400 1,075 X Insurance Expense Prepaid Insurance 1,075 X e. 1,270 x Supplies Expense Supplies 1,270 X Deferred Revenue 70 Service Revenue 70 Record the adjusting entry for...
The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $...
The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $ 1,350 3,200 3,500 4,200 18,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 5,000 6,620 1,600 4,100 840 3,600 1,480 420 52,830 420 24,000...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle 145,000 23,000 6,500 24,000 110,000 15,000 75,000 50,000 8,000 16,900 3,000 45,000 46,000 67,600 5,000 490,000 Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 10,000 45,000 5,000 54,000 12,000 145,000 13,000 4,000...
The unadjusted trial balance of the Contracts Plus Company as of December 31 is found on...
The unadjusted trial balance of the Contracts Plus Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Contracts Plus Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $3,150. Review...
The unadjusted trial balance of Sketch Star Makers Inc., prepared as of December 31, 2018, includes the following account balances. All of the accounts listed have normal balances. $ Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue Service Revenue Salaries and Wages Expense 10,500 2,100 1.200 5,000 11,000 2,100 21,000 5,500 31,000 30,500 The following information is also available: A) A count of supplies revealed $500 worth on hand at December 31, 2018. B)...
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2018: Credits Debits $ 69.ee 116, gee 1.329 139,320 8,758 50, 300 279, 280 Cash Accounts Receivable Interest Receivable Supplies Prepaid Insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Supplies Expense Repair and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals $ 64,899...
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below. Debit Credit Cash Accounts Recelvable Prepaid Rent S 9,600 14,600 6,720 3,600 Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 2,600 10,000 5,600 49,320 33,000 $67,520 $67,520 At year-end, the following additional information is available a. The balance of Prepaid Rent, $6,720, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019. b. The balance of Deferred...
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below Debit Credit Accounts Cash $9,600 4,600 6,720 3,500 Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earmings Service Revenue Salarles Expense $2,600 10,000 5.600 49,320 33,000 $67,520 $67,520 At year-end, the following additional information is available: a. The balance of Prepaid Rent, $6,720, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019. b. The balance of Deferred Revenue, $2,600,...
Need some help with this problem, mainly on the Part A, D and E.
Adjusting Entries are hella confusing.
No Transaction General Journal Credit Debit 4,240 X 1 a. Rent Expense Prepaid Rent 4,240 x 2 1,300 Depreciation Expense Accumulated Depreciation 1,300 3 Salaries and Wages Expense 2,400 Salaries and Wages Payable 2,400 1,075 X Insurance Expense Prepaid Insurance 1,075 X e. 1,270 x Supplies Expense Supplies 1,270 X Deferred Revenue 70 Service Revenue 70 Record the adjusting entry for...
The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $ 1,350 3,200 3,500 4,200 18,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 5,000 6,620 1,600 4,100 840 3,600 1,480 420 52,830 420 24,000...
Barney Company Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle 145,000 23,000 6,500 24,000 110,000 15,000 75,000 50,000 8,000 16,900 3,000 45,000 46,000 67,600 5,000 490,000 Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earnings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 10,000 45,000 5,000 54,000 12,000 145,000 13,000 4,000...
The unadjusted trial balance of the Contracts Plus Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Contracts Plus Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $3,150. Review...
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