Homework Answers
| SANDHILL CYCLE REPAIR SHOP | ||||||
| Worksheet | ||||||
| For the year ended December 31, 2021 | ||||||
| Particulars | Trial balance | Adjustments | Adjusted trial balance | |||
| Debit | Credit | Debit | Credit | Debit | Credit | |
| Cash | $ 3,800 | $ 3,800 | ||||
| Accounts receivable | $ 7,130 | $ 7,130 | ||||
| Prepaid insurance | $ 6,420 | $6,420/12*8 = $4,280 | $ 2,140 | |||
| Supplies | $ 5,240 | $5,240-$1,310 = $3,930 | $ 1,310 | |||
| Land | $ 59,000 | $ 59,000 | ||||
| Building | $ 190,000 | $ 190,000 | ||||
| Accumulated depreciation - Building | $ 11,000 | $190,000/50 = $3,800 | $ 14,800 | |||
| Equipment | $ 27,000 | $ 27,000 | ||||
| Accumulated depreciation - Equipment | $ 4,500 | $27,000/9 = $3,000 | $ 7,500 | |||
| Accounts Payable | $ 6,800 | $ 6,800 | ||||
| Unearned revenue | $ 22,450 | $ 1,300 | $ 21,150 | |||
| Mortgage payable | $ 182,600 | $ 182,600 | ||||
| Interest payable | $182,600*6%/12 = $913 | $ 913 | ||||
| H. Dude, Capital | $ 61,000 | $ 61,000 | ||||
| H. Dude, Drawings | $ 92,100 | $ 92,100 | ||||
| Service revenue | $ 236,550 | $ 1,300 | $ 237,850 | |||
| Salaries expense | $ 116,200 | $ 116,200 | ||||
| Utilities expense | $ 12,000 | $ 12,000 | ||||
| Interest expense | $ 6,010 | $182,600*6%/12 = $913 | $ 6,923 | |||
| Insurance expense | $6,420/12*8 = $4,280 | $ 4,280 | ||||
| Supplies expense | $5,240-$1,310 = $3,930 | $ 3,930 | ||||
| Depreciation expense | $3,800+$3,000 = $6,800 | $ 6,800 | ||||
| Totals | $ 524,900 | $ 524,900 | $ 17,223 | $ 17,223 | $ 532,613 | $ 532,613 |
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The unadjusted trial balance and adjustment data for Sandhill Cycle Repair Shop are provided. Credit $11,000 SANDH...
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Weekly The unadjusted trial balance and adjustment data for Blossom Cycle Repair Shop are provided, ons Support BLOSSOM CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $3,400 Accounts receivable 6,730 Prepaid insurance 6,420 Supplies 5,240 Land 51.000 Building 190,000 Accumulated depreciation-building $11,000 Equipment 27,000 Accumulated depreciation equipment 4,500 Accounts payable Unearned revenue 22,050 Mortgage payable 182,200 H. Dude, capital 61,000 H. Dude, drawings 100,100 Service revenue 235,650 Salaries expense 115,300 Utilities expense 12,000 Interest expense 5,710 $522,900...
pport W 6,420 WILDHORSE CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $3,400...
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the unadjusted trial balance for sandhill engineering at its year end , december 31,2021 Help System...
the
unadjusted trial balance for sandhill engineering at its year end ,
december 31,2021
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The adjusted trial balance for Sandhill Company, owned by D. Sandhill, are as follows: SANDHILL COMPANY...
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list of accounts Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial...
list of accounts
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adjusted trial balance for the unadjusted trial balancece February 2010 Unadjusted Trial Balance Debit Credit 23,000...
adjusted trial balance for the unadjusted trial balancece
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The Tamarisk, Inc. opened for business on May 1, 2020. Its trial balance before adjustment on...
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Weekly The unadjusted trial balance and adjustment data for Blossom Cycle Repair Shop are provided, ons Support BLOSSOM CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $3,400 Accounts receivable 6,730 Prepaid insurance 6,420 Supplies 5,240 Land 51.000 Building 190,000 Accumulated depreciation-building $11,000 Equipment 27,000 Accumulated depreciation equipment 4,500 Accounts payable Unearned revenue 22,050 Mortgage payable 182,200 H. Dude, capital 61,000 H. Dude, drawings 100,100 Service revenue 235,650 Salaries expense 115,300 Utilities expense 12,000 Interest expense 5,710 $522,900...
pport W 6,420 WILDHORSE CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $3,400 Accounts receivable 6,930 Prepaid insurance Supplies 5,240 Land 52.000 Building 190,000 Accumulated depreciation-building $11.000 Equipment 27,000 Accumulated depreciation-equipment 4,500 Accounts payable Unearned revenue 22.250 Mortgage payable 182.200 H. Dude, capital 61.000 H. Dude, drawings 99.100 Service revenue 235.950 Salaries expense 115.600 Utilities expense 12.000 Interest expense 6.010 $523.700 $520,700 6.800 Additional information: 1. The 12-month insurance policy was purchased on June 1, 2020. 2....
Question 6 The following is Ivanhoe Cycle Repair Shop's trial balance at January 31, 2017, the company's fiscal year end: Credit $11,000 IVANHOE CYCLE REPAIR SHOP Trial Balance January 31, 2017 Debit Cash $3,400 Accounts receivable 6,650 Prepaid insurance 6,420 Supplies 5,240 Land 53,000 Building 190,000 Accumulated depreciation-building Equipment 27,000 Accumulated depreciation-equipment Accounts payable Unearned revenue Mortgage payable H. Dude, capital H. Dude, drawings 98,100 Service revenue Salaries expense 125,200 Utilities expense 12,000 Interest expense 6,510 $533,520 4,500 7,300 21,970...
the
unadjusted trial balance for sandhill engineering at its year end ,
december 31,2021
Help System Announcements Exercise 4-9 The unadjusted trial balance for Sandhill Engineering at its year end, December 31, 2021, is as follows: Credit SANDHILL ENGINEERING Trial Balance December 31, 2021 Debit Cash $8,300 Accounts receivable 6,750 Supplies 5,150 Prepaid insurance 7,440 Notes receivable 12,400 Equipment 27,000 Accumulated depreciation equipment Accounts payable H. Duguay, capital H. Duguay, drawings 53,500 Service revenue Salaries expense 39,500 $160,040 $8,100 5,000...
The adjusted trial balance for Sandhill Company, owned by D. Sandhill, are as follows: SANDHILL COMPANY Adjusted Trial Balance December 31, 2021 Adjusted Trial Balance Dr. Cr. Account No. 101 112 126 $4,500 11,600 1,700 700 27,200 157 158 200 212 230 301 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Sandhill, capital D. Sandhill, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense...
list of accounts
Sandhill Company had the following adjusted trial balance. $3,840 Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 510 Prepare closing entries at June 30, 2020. (Credit account...
adjusted trial balance for the unadjusted trial balancece
February 2010 Unadjusted Trial Balance Debit Credit 23,000 35,000 3,600 1.400 185,000 160,000 II 83,000 32,000 1,000 16,700 31.000 190,000 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-building Accounts Payable Wages Payable Unearned revenue Notes Payable Capital Drawing Service fees earned Supplies (e) Insurance 1 Wages Telephone Depreciation Miscellaneous TOTALS 4,000 119,000 2 1,300 ,400 14,500 400 42,000 100 472,700 472,700 Adjusting journal entries 1. Supplies used during the period...
The Tamarisk, Inc. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Tamarisk, Inc. Trial Balance May 31, 2020 Credit Debit Account Number $ 3,500 Cash 101 2,150 Supplies 126 Prepaid Insurance 2,400 130 14,000 140 Land Buildings 59,000 141 14,800 Equipment 149 $ 11,400 Accounts Payable 201 Unearned Rent Revenue 3,200 208 Mortgage Payable 40,000 275 Common Stock 35,500 311 10,350 429 Rent Revenue Advertising Expense 550 610 Salaries and...
The adjusted trial balance for Mosley's Mosaic Tiles at December 31, 2021 is as follows: Credit $5,200 Mosley Mosaic Tiles Adjusted Trial Balance December 31, 2021 Debit Cash $31,400 Accounts receivable 26,500 Prepaid insurance 2,000 Prepaid rent 5,000 Supplies 3,330 Equipment 17.500 Accumulated depreciation equipment Furniture 25,000 Accumulated depreciation-furniture Accounts payable Salary payable Unearned revenue Mortgage payable (due in 2040) M. Mosaic, drawings 15,000 M. Mosaic, capital Service revenue Salary expense 24,387 Depreciation expense 4,500 Rent expense 5,500 Insurance expense...
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