Homework Answers
| Journal Entries | |||||
| Date | Particulars | Debit | Credit | ||
| 1-Jan | Cash | $ 100,000.00 | |||
| To James Bond, Capital | $ 100,000.00 | ||||
| 15-Jan | Supplies | $ 10,000.00 | |||
| To Cash | $ 10,000.00 | ||||
| 20-Jan | Cash | $ 20,000.00 | |||
| To Accounts Receivable | $ 20,000.00 | ||||
| 15-Feb | Unearned Revenue | $ 2,000.00 | |||
| To Service Revenue | $ 2,000.00 | ||||
| 15-Mar | Cash | $ 5,000.00 | |||
| To Service Revenue | $ 5,000.00 | ||||
| 1-Apr | Accounts Payable | $ 20,000.00 | |||
| To Cash | $ 20,000.00 | ||||
| 15-Apr | Cash | $ 100,000.00 | |||
| To Unearned Revenue | $ 100,000.00 | ||||
| 30-May | Unearned Revenue | $ 5,000.00 | |||
| To Service Revenue | $ 5,000.00 | ||||
| 10-Jul | Construction Equipment | $ 200,000.00 | |||
| To Cash | $ 100,000.00 | ||||
| To Accounts Payable | $ 100,000.00 | ||||
| 15-Jul | Utilities Expense | $ 2,000.00 | |||
| To Cash | $ 2,000.00 | ||||
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The T own IJ W PUSE LIUSing tral balance for A-2 Construction. Credit 440.000 A-Z Construction Post-Closing Trial Balan...
Preparing a Classified Balance Sheet The following balances are from the post-closing trial balance of Armour...
Preparing a Classified Balance Sheet The following balances are from the post-closing trial balance of Armour Inc. Account Title Debit Credit Cash $16,000 $ Accounts receivable 65,000 Allowance for doubtful accounts 7,500 Inventory 90,000 Prepaid insurance 1,200 Short-term investments 28,000 Equipment 100,000 Building 300,000 Accumulated depreciation-equipment 20,000 Accumulated depreciation-building 7,500 Goodwill 30,300 Accounts payable 45,000 Salaries payable 5,000 Interest payable 1,500 Income tax payable 9,000 Notes payable, 8%, 5-year 250,000 Bonds payable, 7%, 10-year 15,000 Common stock 200,000 Retained earnings...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ Debit...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ Debit 5,000 23,000 8,100 7,000 40,000 $ 20,000 150,000 50,000 55,000 16,500 2,500 3,500 2,500 900 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable...
Question: Prepare a post closing trial balance with the information provided below. There is the t...
Question: Prepare a post closing trial balance with the
information provided below. There is the t accounts, trial balance
and the closing journal.
Thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit Debit $...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit Debit $ 5,000 23,000 8,100 7, eee 40,000 $ 20,eee 150, eee 50,000 55, see TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...
The following tables shows the adjusted trial balance of Scott Company: Scott Company Adjusted Trial Balance,...
The following tables shows the adjusted trial balance of Scott Company: Scott Company Adjusted Trial Balance, December 31, 2016 Cash $100,000 Accounts receivable 7,000 Prepaid Insurance 9,000 Office supplies 3,300 Office equipment 8,000 Accumulated depreciation - Equipment $3,200 Building 430,000 Accumulated depreciation - Building 42,000 Accounts payable 5,800 Salaries payable 14,500 Interest payable 2,500 Long-term note payable 52,000 Common stock 50,000 Retained earnings 160,000 Dividends 20,000 Service fees earned 280,300 Salaries expense 20,000 Insurance expense 5,200 Depreciation expense - Equipment...
help please 6 The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows....
help please
6 The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. 0.85 points Credit Debit $5,000 23,000 8,100 7,000 40,000 Book $ 20,000 150,000 50,000 55,000 16,500 2,500 3.500 2,500 Radiances TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 125 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 2es Rent payable 210...
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances:...
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 Required Prepare a December 31 classified balance sheet for Ari Company.
I need assistance in completing the Balance Sheet and Closing Entries to the following Adjusted Trial...
I need assistance in completing the Balance Sheet and Closing Entries to the following Adjusted Trial Balance: DESCRIPTION DEBIT CREDIT CASH $ 319,620 DEPOSIT ELECTRIC COMPANY $ 500 DEPOSIT WATER SEWER GARBAGE $ 200 DEPOSIT TELEPHONE $ 250 OFFICE SUPPLIES $ 500 PREPAID INSURANCE $ 3,600 PREPAID LEASE $ 11,000 MACHINERY & EQUIPMENT $ 100,000 FURNITURE & FIXTURES $ 20,000 ACCUMULATED DEPRECIATION - FURNITURE & FIXTURES $ 167 ACCUMULATED DEPRECIATION - MACHINERY & EQUIPMENT $ 1,190 ACCOUNTS PAYABLE $ 1,200...
can anyone illustrate the T-accounts that would correspond with this post closing trial balance and the...
can
anyone illustrate the T-accounts that would correspond with this
post closing trial balance and the transactions?
The Post-Closing Trial Balance of Salami, Inc. as of December 31, 2011 appears below. READ EACH DESCRIPTION CAREFULLY and record the transaction for its ending impact for 2012 NO QUESTIONS WILL BE ANSWERED. PRINT CLEARLY and USE COMPLETE Account Titles. 496,000 499,000 50,000 525,000 150,000 875,000 215,000 Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture and Fixtures...
-- BUSI 1043 INC Adjusted Trial Balance As at December 31, 2019 Debit Credit Cash $...
-- BUSI 1043 INC Adjusted Trial Balance As at December 31, 2019 Debit Credit Cash $ 20,000 Accounts Receivable Allowance for doubtful accounts $ 17,000 $ Inventory 2,000 $ 10,000 Prepaid Expenses $ 2,000 Long Term Investments $100,000 Building $300,000 Accumulated Depreciation - Building $ 30,000 Equipment $ 75,000 Accumulated Depreciation - Equipment $ 15,000 Accounts Payable $ 8,000 Salaries Payable $ 3,500 Interest Payable $ 1,500 Income Tax Payable $ 12,000 Unearned Revenue $ 5,000 Current portion of bank...
Preparing a Classified Balance Sheet The following balances are from the post-closing trial balance of Armour Inc. Account Title Debit Credit Cash $16,000 $ Accounts receivable 65,000 Allowance for doubtful accounts 7,500 Inventory 90,000 Prepaid insurance 1,200 Short-term investments 28,000 Equipment 100,000 Building 300,000 Accumulated depreciation-equipment 20,000 Accumulated depreciation-building 7,500 Goodwill 30,300 Accounts payable 45,000 Salaries payable 5,000 Interest payable 1,500 Income tax payable 9,000 Notes payable, 8%, 5-year 250,000 Bonds payable, 7%, 10-year 15,000 Common stock 200,000 Retained earnings...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ Debit 5,000 23,000 8,100 7,000 40,000 $ 20,000 150,000 50,000 55,000 16,500 2,500 3,500 2,500 900 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable...
Question: Prepare a post closing trial balance with the
information provided below. There is the t accounts, trial balance
and the closing journal.
Thank you.
8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit Debit $ 5,000 23,000 8,100 7, eee 40,000 $ 20,eee 150, eee 50,000 55, see TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...
help please
6 The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. 0.85 points Credit Debit $5,000 23,000 8,100 7,000 40,000 Book $ 20,000 150,000 50,000 55,000 16,500 2,500 3.500 2,500 Radiances TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 184 Short-term investments 126 Supplies 125 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 2es Rent payable 210...
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 Required Prepare a December 31 classified balance sheet for Ari Company.
can
anyone illustrate the T-accounts that would correspond with this
post closing trial balance and the transactions?
The Post-Closing Trial Balance of Salami, Inc. as of December 31, 2011 appears below. READ EACH DESCRIPTION CAREFULLY and record the transaction for its ending impact for 2012 NO QUESTIONS WILL BE ANSWERED. PRINT CLEARLY and USE COMPLETE Account Titles. 496,000 499,000 50,000 525,000 150,000 875,000 215,000 Account Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Rent Prepaid Insurance Inventory Furniture and Fixtures...
-- BUSI 1043 INC Adjusted Trial Balance As at December 31, 2019 Debit Credit Cash $ 20,000 Accounts Receivable Allowance for doubtful accounts $ 17,000 $ Inventory 2,000 $ 10,000 Prepaid Expenses $ 2,000 Long Term Investments $100,000 Building $300,000 Accumulated Depreciation - Building $ 30,000 Equipment $ 75,000 Accumulated Depreciation - Equipment $ 15,000 Accounts Payable $ 8,000 Salaries Payable $ 3,500 Interest Payable $ 1,500 Income Tax Payable $ 12,000 Unearned Revenue $ 5,000 Current portion of bank...
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