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QUESTIONS In February, Dr. Noonan performed $8,000 of services for clients. The clients have not been billed yet. W...
Karen Noonan opened Larkspur Cleaning Services Inc. on February 1, 2022. During February, the following transactions w...
Karen Noonan opened Larkspur Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 i 1 3 4 5 5 Issued 3,800 shares of Larkspur Cleaning Services common stock for $9,880. Each share has a $1.50 par. Borrowed $6,080 on a 2-year, 6% note payable. Paid $6,860 to purchase used floor and window cleaning equipment from a company going out of business ($3,660 was for the floor equipment and $3,200 for the window equipment)....
Question 19 5 pts If services for $800 had been performed but not billed by year-...
Question 19 5 pts If services for $800 had been performed but not billed by year- end, the adjusting entry to record this would include a: debit to Service Revenue for $800. ОО credit to Unearned Service Revenue for $800. debit to Unearned Revenue for $800. ОО credit to Service Revenue for $800. Question 20 5 pts At October 31, 2020, before any year-end adjustments, Coleman Company's Prepaid Insurance account had a balance of $7,600. It was determined that $1,300...
Consider the following situations: (Click the icon to view the situations.) Assume the company records adjusting...
Consider the following situations: (Click the icon to view the situations.) Assume the company records adjusting entries monthly. Journalize the adjusting entries needed as of January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Business receives $2,400 on January 1 for 10-month service contract for the period January 1 through October 31. (When the cash was received on January 1, assume that a liability account was credited. Assume services...
Consider the following situations for Brunswick Welding Services Click the icon to view the situations) Journalize...
Consider the following situations for Brunswick Welding Services Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2.900 Date Accounts and Explanation (a) Dec 31 Debat Credit b. Each Monday. Brunswick pays employees for the previous week's work....
Comprehensive Accounting Cycle Review 11-02 (Part Level Submission) Karen Noonan opened Skysong Cleaning Services Inc. on...
Comprehensive Accounting Cycle Review 11-02 (Part Level Submission) Karen Noonan opened Skysong Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 1 3 Issued 5,500 shares of Skysong Cleaning Services common stock for $14,300. Each share has a $1.50 par. Borrowed $8,800 on a 2-year, 6% note payable. Paid $9,920 to purchase used floor and window cleaning equipment from a company going out of business ($5,300 was for the floor equipment and $4,620...
Consider the following situations for College Park Welding Services (Click the icon to view the situations)...
Consider the following situations for College Park Welding Services (Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries (Record debits first, then credits. Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2,100 Date Debat Crede (a) Dec. 31 Accounts and Explanation Accumulated Depreciation Equipment Depreciation Expense Equipment b. Each Monday, College...
Question 3 The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries...
Question 3 The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) (b) (c) Interest on notes payable of $410 is accrued. Services performed but unbilled totals $1,790. Salaries of $750 earned by employees have not been recorded. Debit...
Needs help with this questions please!! Below is the trial balance of Slowcombe Services on September...
Needs help with this questions please!!
Below is the trial balance of Slowcombe Services on September 30, 2014 SLOWCOMBE SERVICES Trial Balance September 30, 2014 Debit Credit Cash Accounts receivable Supplies Equipment Accounts payable Unearned revenue W. Slowcombe, capital $7,620 2,650 2,230 7,780 $5,350 850 14,080 $20.280 $20,280 The October transactions were as follows: Oct. 5 Received $1,050 in cash from customers for accounts receivable due 10 Billed customers for services performed in the amount of $5,370 15 Paid employee...
The data for year-end adjustments are as follows: Fees earned, but not yet billed, $26. Supplies...
The data for year-end adjustments are as
follows:
Fees earned, but not yet billed, $26.
Supplies on hand, $6.
Insurance premiums expired, $32.
Depreciation expense, $13.
Wages accrued, but not paid, $13.
Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the end-of-period spreadsheet for the year ended October 31, 2018, shown below. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Unadjusted...
Consider the following situations for Galetown Welding Services Click the icon to view the situations) Joumalize...
Consider the following situations for Galetown Welding Services Click the icon to view the situations) Joumalize the adjusting entry needed on December 31 for each shtuation. Use the letters to label the maleries Record biss the credited the planation on the lastne of the journal art att a. Depreciation for the current year Includes Equipment, $2,500 Date Accounts and Explanation (a) Dec 31 Debit Credit itua pl a. Depreciation for the current year includes equipment, $2,500. b. Each Monday, Galestown...
Karen Noonan opened Larkspur Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 i 1 3 4 5 5 Issued 3,800 shares of Larkspur Cleaning Services common stock for $9,880. Each share has a $1.50 par. Borrowed $6,080 on a 2-year, 6% note payable. Paid $6,860 to purchase used floor and window cleaning equipment from a company going out of business ($3,660 was for the floor equipment and $3,200 for the window equipment)....
Question 19 5 pts If services for $800 had been performed but not billed by year- end, the adjusting entry to record this would include a: debit to Service Revenue for $800. ОО credit to Unearned Service Revenue for $800. debit to Unearned Revenue for $800. ОО credit to Service Revenue for $800. Question 20 5 pts At October 31, 2020, before any year-end adjustments, Coleman Company's Prepaid Insurance account had a balance of $7,600. It was determined that $1,300...
Consider the following situations: (Click the icon to view the situations.) Assume the company records adjusting entries monthly. Journalize the adjusting entries needed as of January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Business receives $2,400 on January 1 for 10-month service contract for the period January 1 through October 31. (When the cash was received on January 1, assume that a liability account was credited. Assume services...
Consider the following situations for Brunswick Welding Services Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. (Record debits first, then credits Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2.900 Date Accounts and Explanation (a) Dec 31 Debat Credit b. Each Monday. Brunswick pays employees for the previous week's work....
Comprehensive Accounting Cycle Review 11-02 (Part Level Submission) Karen Noonan opened Skysong Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 1 3 Issued 5,500 shares of Skysong Cleaning Services common stock for $14,300. Each share has a $1.50 par. Borrowed $8,800 on a 2-year, 6% note payable. Paid $9,920 to purchase used floor and window cleaning equipment from a company going out of business ($5,300 was for the floor equipment and $4,620...
Consider the following situations for College Park Welding Services (Click the icon to view the situations) Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries (Record debits first, then credits. Select the explanation on the last line of the journal entry table) a. Depreciation for the current year includes Equipment, $2,100 Date Debat Crede (a) Dec. 31 Accounts and Explanation Accumulated Depreciation Equipment Depreciation Expense Equipment b. Each Monday, College...
Question 3 The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) (b) (c) Interest on notes payable of $410 is accrued. Services performed but unbilled totals $1,790. Salaries of $750 earned by employees have not been recorded. Debit...
Needs help with this questions please!!
Below is the trial balance of Slowcombe Services on September 30, 2014 SLOWCOMBE SERVICES Trial Balance September 30, 2014 Debit Credit Cash Accounts receivable Supplies Equipment Accounts payable Unearned revenue W. Slowcombe, capital $7,620 2,650 2,230 7,780 $5,350 850 14,080 $20.280 $20,280 The October transactions were as follows: Oct. 5 Received $1,050 in cash from customers for accounts receivable due 10 Billed customers for services performed in the amount of $5,370 15 Paid employee...
The data for year-end adjustments are as
follows:
Fees earned, but not yet billed, $26.
Supplies on hand, $6.
Insurance premiums expired, $32.
Depreciation expense, $13.
Wages accrued, but not paid, $13.
Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the end-of-period spreadsheet for the year ended October 31, 2018, shown below. Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Unadjusted...
Consider the following situations for Galetown Welding Services Click the icon to view the situations) Joumalize the adjusting entry needed on December 31 for each shtuation. Use the letters to label the maleries Record biss the credited the planation on the lastne of the journal art att a. Depreciation for the current year Includes Equipment, $2,500 Date Accounts and Explanation (a) Dec 31 Debit Credit itua pl a. Depreciation for the current year includes equipment, $2,500. b. Each Monday, Galestown...
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