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xyz corporation adjusted XYZ Corporation's adjusted trial balance contained the following information contained the...
XYZ Corporation's adjusted trial balance contained the following information contained fiscal year ended December 31, 2015:...
XYZ Corporation's adjusted trial balance contained the following information contained fiscal year ended December 31, 2015: Dr Cr Sales 326,000 Sales Returns & Allowances 18,000 Sales Discounts 6,000 125,000 83,000 39,000 12,000 Cost of Goods Sold Salaries Expense Rent Expense Utility Expense Delivery Expense Insurance Expense 9,000 4,000 7,000 Interest Expense 16,000 Gain on Sale of Equipment 12,000 Income Tax Expense Net Income was:
XYZ Corporation's adjusted trial balance contained the following information contained the fa fiscal year ended December...
XYZ Corporation's adjusted trial balance contained the following information contained the fa fiscal year ended December 31, 2015: Dr Cr 326,000 Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Utility Expense Delivery Expense Insurance Expense Interest Expense Gain on Sale of Equipment Income Tax Expense 18,000 6,000 125,000 83,000 39,000 12,000 9,000 4,000 7,000 16,000 12,000 Income From Operations was :
XYZ Corporation's adjusted trial balance contained the following information contained the fe fiscal year ended December...
XYZ Corporation's adjusted trial balance contained the following information contained the fe fiscal year ended December 31, 2015: Dr Cr 326,000 Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Utility Expense Delivery Expense Insurance Expense Interest Expense Gain on Sale of Equipment Income Tax Expense 18,000 6,000 125,000 83,000 39,000 12,000 9,000 4,000 7,000 16,000 12,000 Income Before Taxes was:
The adjusted trial balance of Kasten company contained the following information: &nbs
The adjusted trial balance of Kasten company contained the following information: Debit. Credit Sales $660,000 Sales returns and allowances $20,000 Sales discount 7,000 Cost of goods sold 436,000 Freight-out 2,000 Interest expense 102,000 Store salaries 55,000 Utilities expense 28,000 Depreciation expense 22,000 Interest revenue 5,000 Required: Use the above information to prepare a multiple-step income statement for the year-ended December 31.
E S TETSSIBILITIES 14 XYZ Products, Selected Accounts from the Adjusted Trial Balance dated December 31,...
E S TETSSIBILITIES 14 XYZ Products, Selected Accounts from the Adjusted Trial Balance dated December 31, 2018 Sales 426,000 426,000 Sales returns 13.00 13,000 stion Inventory 28,902 Purchase discounts 2,370 Purchase returns 5,000 Transportation In 2,346 Josh Anderson, (Proprietor) 2,800 CR Sales discounts. 7,000 Depreciation expense 10,000 Purchase allowances 4,000 Sales allowances 6,000 Purchases 246,000 Purchases 246,000 Property tax expense 14,625 Store supplies expense 3,814 Wages expense 62,375 REQUIRED (NOTE THAT ALL ACCOUNTS HAVE THEIR NORMAL DEBIT OR CREDIT BALANCES):...
The adjusted trial balance of Pronghorn Wholesale Inc. contained the following accounts at December 31, the...
The adjusted trial balance of Pronghorn Wholesale Inc.
contained the following accounts at December 31, the company’s year
end:
PRONGHORN WHOLESALE INC.
Adjusted Trial Balance
December 31, 2018
Debit
Credit
Cash
$12,900
Accounts receivable
18,000
Prepaid insurance
2,600
Inventory
105,500
Supplies
6,300
Land
129,600
Buildings
217,300
Accumulated depreciation—buildings
$92,400
Equipment
96,500
Accumulated depreciation—equipment
33,300
Accounts payable
61,600
Unearned revenue
9,000
Income tax payable
3,900
Bank loan payable
97,400
Common shares
51,000
Retained earnings
142,700
Sales
1,098,700
Sales returns and allowances...
complete the worksheet The trial balance of Oriole Company contained the following accounts at November 30,...
complete the worksheet
The trial balance of Oriole Company contained the following accounts at November 30, the end of the company's fiscal year. The company uses the perpetual inventory system. Oriole Company Trial Balance November 30, 2019 Credit Debit $ 8,600 30,500 44,200 6,200 131,000 $ 26,000 55,000 33,900 60,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and...
EXERCISE 3 - Multiple-Step Income Statement (15 pts.) The adjusted trial balance of Omega Company at...
EXERCISE 3 - Multiple-Step Income Statement (15 pts.) The adjusted trial balance of Omega Company at March 31, 2017 contained the following information: Debit Credit Sales $560,000 Sales Returns and Allowances $ 20,000 7,000 386,000 Sales Discounts Cost of Goods Sold Freight-out Advertising Expense 2,000 15,000 Interest Expense 18,000 Store Salaries Expense 55,000 Utilities Expense 28,000 Depreciation Expense 7,000 Interest Revenue 30,000 Gain on Disposal of Equipment 15.000 Instructions Use the above information to prepare a multiple-step income statement for...
The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the...
The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $741,700, Delivery Expense $11,230, Sales Returns and Allowances $23,390, and Sales Discounts $13,020. (a) Prepare the revenues section of the income statement. (b ) Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.
1. Selected worksheet data for Mannie Company are presented below. (15 pts) Adjusted Trial Balance Trial...
1. Selected worksheet data for Mannie Company are presented below. (15 pts) Adjusted Trial Balance Trial Balance Account Titles Cr. Dr. Dr. Cr. 35,000 18,000 (ii) (i) 26,000 7,000 Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Salaries and Wages Payable Service Revenue Insurance Expense (iii) 8,500 12,000 (iv) 85,000 95,000 (v) 9,600 5,800 Depreciation Expense Supplies Expense Salaries and Wages Expense (vi) 49,000 Instructions (a) Fill in the missing amounts. (b) Prepare the adjusting entries that were made.
XYZ Corporation's adjusted trial balance contained the following information contained fiscal year ended December 31, 2015: Dr Cr Sales 326,000 Sales Returns & Allowances 18,000 Sales Discounts 6,000 125,000 83,000 39,000 12,000 Cost of Goods Sold Salaries Expense Rent Expense Utility Expense Delivery Expense Insurance Expense 9,000 4,000 7,000 Interest Expense 16,000 Gain on Sale of Equipment 12,000 Income Tax Expense Net Income was:
XYZ Corporation's adjusted trial balance contained the following information contained the fa fiscal year ended December 31, 2015: Dr Cr 326,000 Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Utility Expense Delivery Expense Insurance Expense Interest Expense Gain on Sale of Equipment Income Tax Expense 18,000 6,000 125,000 83,000 39,000 12,000 9,000 4,000 7,000 16,000 12,000 Income From Operations was :
XYZ Corporation's adjusted trial balance contained the following information contained the fe fiscal year ended December 31, 2015: Dr Cr 326,000 Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Utility Expense Delivery Expense Insurance Expense Interest Expense Gain on Sale of Equipment Income Tax Expense 18,000 6,000 125,000 83,000 39,000 12,000 9,000 4,000 7,000 16,000 12,000 Income Before Taxes was:
E S TETSSIBILITIES 14 XYZ Products, Selected Accounts from the Adjusted Trial Balance dated December 31, 2018 Sales 426,000 426,000 Sales returns 13.00 13,000 stion Inventory 28,902 Purchase discounts 2,370 Purchase returns 5,000 Transportation In 2,346 Josh Anderson, (Proprietor) 2,800 CR Sales discounts. 7,000 Depreciation expense 10,000 Purchase allowances 4,000 Sales allowances 6,000 Purchases 246,000 Purchases 246,000 Property tax expense 14,625 Store supplies expense 3,814 Wages expense 62,375 REQUIRED (NOTE THAT ALL ACCOUNTS HAVE THEIR NORMAL DEBIT OR CREDIT BALANCES):...
The adjusted trial balance of Pronghorn Wholesale Inc.
contained the following accounts at December 31, the company’s year
end:
PRONGHORN WHOLESALE INC.
Adjusted Trial Balance
December 31, 2018
Debit
Credit
Cash
$12,900
Accounts receivable
18,000
Prepaid insurance
2,600
Inventory
105,500
Supplies
6,300
Land
129,600
Buildings
217,300
Accumulated depreciation—buildings
$92,400
Equipment
96,500
Accumulated depreciation—equipment
33,300
Accounts payable
61,600
Unearned revenue
9,000
Income tax payable
3,900
Bank loan payable
97,400
Common shares
51,000
Retained earnings
142,700
Sales
1,098,700
Sales returns and allowances...
complete the worksheet
The trial balance of Oriole Company contained the following accounts at November 30, the end of the company's fiscal year. The company uses the perpetual inventory system. Oriole Company Trial Balance November 30, 2019 Credit Debit $ 8,600 30,500 44,200 6,200 131,000 $ 26,000 55,000 33,900 60,000 40,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and...
EXERCISE 3 - Multiple-Step Income Statement (15 pts.) The adjusted trial balance of Omega Company at March 31, 2017 contained the following information: Debit Credit Sales $560,000 Sales Returns and Allowances $ 20,000 7,000 386,000 Sales Discounts Cost of Goods Sold Freight-out Advertising Expense 2,000 15,000 Interest Expense 18,000 Store Salaries Expense 55,000 Utilities Expense 28,000 Depreciation Expense 7,000 Interest Revenue 30,000 Gain on Disposal of Equipment 15.000 Instructions Use the above information to prepare a multiple-step income statement for...
1. Selected worksheet data for Mannie Company are presented below. (15 pts) Adjusted Trial Balance Trial Balance Account Titles Cr. Dr. Dr. Cr. 35,000 18,000 (ii) (i) 26,000 7,000 Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation Salaries and Wages Payable Service Revenue Insurance Expense (iii) 8,500 12,000 (iv) 85,000 95,000 (v) 9,600 5,800 Depreciation Expense Supplies Expense Salaries and Wages Expense (vi) 49,000 Instructions (a) Fill in the missing amounts. (b) Prepare the adjusting entries that were made.
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