Homework Answers
a) Depreciation expense = Ending balance of accumulated depreciation-Beginning balance of accumulated depreciation
= 7600-4950
Depreciation expense = 2650
So answer is c) $2650
Note : For Question B no option is given
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pur Daniel's end-of-period spreadsheet at the end of July has $4,950 in the Balance Sheet Credit column for Accu...
8,Daniel's end-of-period spreadsheet at the end of July has $4,950 in the Balance Sheet Credit column...
8,Daniel's end-of-period spreadsheet at the end of July has $4,950 in the Balance Sheet Credit column for Accumulated Depreciation. The end-of-period spreadsheet at the end of August has $7,600 in the Balance Sheet Credit column for Accumulated Depreciation. What is the amount of the depreciation expense adjustment for the month of August? X$12,550 b. $7,600 c. $4,950x d. $2,650x 9. Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset XCurrent liability d. long-term...
1/8, Daniel's end-of-period spreadsheet at the end of July has SASSOn the Balance Sheet Credit column...
1/8, Daniel's end-of-period spreadsheet at the end of July has SASSOn the Balance Sheet Credit column for Accumulated Depreciation. The end-of-period spreadsheet at the end of August has $2.600 in the Balance Sheet Credit column for Accumulated Depreciation. What is the amount of the depreciation expense adjustment for the month of August? $12,550 b. $7,600 c. $4,950% d. $2,650 9. Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset current liability d. long-term...
cies around each total c. the word "Total" written at the bottom of each pair of...
cies around each total c. the word "Total" written at the bottom of each pair of colum d. the final figures written in ink QUESTION 9 Daniel's end-of-period spreadsheet at the end of July has $4.950 in the Bahn spreadsheet at the end of August has $7,600 in the Balance Sheet Credit com adjustment for the month of August? a $12,550 b. $7,600 c. $2,650 d. $4,950 QUESTION 10 An end-of-period spreadsheet includes columns for a reversing entries b. adjusting...
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EX 4-23 Completing an end-of-period spreadsheet Account Title Alert Security Services Co. End-of-Period Spreadsheet For the...
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Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2019. In addition, the data for year- end adjustments are as follows: a. Fees earned, but not yet billed, $26. b. Supplies on hand, $7. c. Insurance premiums expired, $33. d. Depreciation expense, $13. e. Wages accrued, but not paid, $13....
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Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 10,765 10,765 Dividends 1,000 1,000 Fees Earned 42,594 42,594 Wages Expense 20,402 20,402 Rent Expense 6,087 6,087 Depreciation Expense 5,870 5,870 Totals 76,359 76,359...
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Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20Y3: Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 81 Accounts Receivable 216 Supplies 22 Prepaid Insurance 32 Land 270...
8,Daniel's end-of-period spreadsheet at the end of July has $4,950 in the Balance Sheet Credit column for Accumulated Depreciation. The end-of-period spreadsheet at the end of August has $7,600 in the Balance Sheet Credit column for Accumulated Depreciation. What is the amount of the depreciation expense adjustment for the month of August? X$12,550 b. $7,600 c. $4,950x d. $2,650x 9. Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset XCurrent liability d. long-term...
1/8, Daniel's end-of-period spreadsheet at the end of July has SASSOn the Balance Sheet Credit column for Accumulated Depreciation. The end-of-period spreadsheet at the end of August has $2.600 in the Balance Sheet Credit column for Accumulated Depreciation. What is the amount of the depreciation expense adjustment for the month of August? $12,550 b. $7,600 c. $4,950% d. $2,650 9. Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset current liability d. long-term...
cies around each total c. the word "Total" written at the bottom of each pair of colum d. the final figures written in ink QUESTION 9 Daniel's end-of-period spreadsheet at the end of July has $4.950 in the Bahn spreadsheet at the end of August has $7,600 in the Balance Sheet Credit com adjustment for the month of August? a $12,550 b. $7,600 c. $2,650 d. $4,950 QUESTION 10 An end-of-period spreadsheet includes columns for a reversing entries b. adjusting...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Adjusted Trial Balance Income Statement Credit Debit Credit Credit Debit Debit Account Title 16,000 16,000 Cash 6,000 6,000 Accounts Receivable 2,000 2,000 Supplies 19,000 19,000 Equipment 6,000 6,000 Accumulated Depr. 10,000 10,000 Accounts Payable 2,000 2,000 Wages Payable 5,000 5,000 Common Stock 9,197 Retained Earnings 9,197 1,000 Dividends 1,000 44,064 Fees Earned 44,064 Wages Expenser 20,140 20,140 Rent Expense 6,374 6,374 Depreciation Expense 5,747 5,747 32,197 76,261 44,064...
EX 4-23 Completing an end-of-period spreadsheet Account Title Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Income Statement Trial Balance Debit Credit Debit Credit 12 103 Balance Sheet Debit Credit 12 103 50 210 210 Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depr.-Equipment Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense-Equipment Miscellaneous Expense Totals Net Income (loss)...
Appendix: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 2019. In addition, the data for year- end adjustments are as follows: a. Fees earned, but not yet billed, $26. b. Supplies on hand, $7. c. Insurance premiums expired, $33. d. Depreciation expense, $13. e. Wages accrued, but not paid, $13....
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet 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 Trial Balance Adjustments Dr. Cr. Dr. Cr. 66 Adjusted Trial Balance Dr. Cr. Account Title Cash Accounts Receivable Supplies 176 Prepaid Insurance Land Equipment...
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