Homework Answers
| SOONER COMPANY | ||
| Trial Balance | ||
| April 30 | ||
| Accounts | Debit | Credit |
| Cash | $ 3,100 | |
| Prepaid Rent | $ 6,600 | |
| Accounts Receivable | $ 5,300 | |
| Land | $ 52,000 | |
| Accounts Payable | $ 3,500 | |
| Deferred Revenue | $ 1,900 | |
| Common Stock | $ 32,000 | |
| Retained Earnings | $ 21,000 | |
| Service Revenue | $ 24,600 | |
| Salaries Expense | $ 7,400 | |
| Supplies Expense | $ 8,600 | |
| Totals | $ 83,000 | $ 83,000 |
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Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have...
Exercise 2-17 Prepare a trial balance (LO2-6) Below is the complete list of accounts of Sooner...
Exercise 2-17 Prepare a trial balance (LO2-6) Below is the complete list of accounts of Sooner Company and the related balance at the end of April. A accounts have ther normal debit rcrediblance ash S 100% e d ent $6,600; Accounts Payable $3,500; Common Stock, $32,000; Service Revenue, $24,600; Salaries Expense, $7,400; Accounts Receivable, $5,300; Land, $52,000; Deferred Revenue, $1,900; Retained Earnings, $21,000; Supplies Expense, $8,600. Required Prepare a trial balance with the list of accounts in the following order:...
Below is the complete list of accounts of Sooner Company and the related balance at the...
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,400; Prepaid Rent, $6,900; Accounts Payable $3,800; Common Stock, $35,000; Service Revenue, $24,900; Salaries Expense, $7,700; Accounts Receivable, $5,600; Land, $55,000; Deferred Revenue, $2,050; Retained Earnings, $21,750; Supplies Expense, $8,900. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses....
Below is the complete list of accounts of a company and the related balance at the...
Below is the complete list of accounts of a company and the related balance at the end of April. All accounts have their normal debitor credit balance. Cash, $3,700; Prepaid Rent, $7.200; Accounts Payable $4,100; Common Stock, $38,000; Service Revenue, $25,200; Salaries Expense. $8,000; Accounts Receivable, $5,900; Land, $58,000; Deferred Revenue, $2,200, Retained Earnings. $22,500; Supplies Expense, $9,200. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. Trial...
5. Below is the complete ist of accounts of Sooner Company and the related balance at...
5. Below is the complete ist of accounts of Sooner Company and the related balance at the end of Apil All accounts have Peir nornal debt or credt baianoe, Cash, 32 ,d 55,500. Accounts Payaible 52 400 Common Stock $21,000 Service Revenue $23,500Salaes Expense 8.300, Accounts Recevable, 54,200 Land, 341,0Dmed v 1.350,Ratained Eamings$18,250 Supplies Expense $7,500 Propare』tal balanco with the ist of accounts n te towng oor assets, iatītes hader einr revenues and openses. Trial Balenee 888886888888
JUI Yuu Below are account balances of Ducks Company at the end of September. Accounts Balances...
JUI Yuu Below are account balances of Ducks Company at the end of September. Accounts Balances Accounts Cash $20,500 Retained Earnings Accounts Receivable 13,100 Dividends Supplies 6,100 Service Revenue Prepaid Insurance 4,100 Salaries Expense Equipment 23,500 Insurance Expense Accounts Payable 6,100 Advertising Expense Salaries Payable 3,100 Supplies Expense Utilities Payable 1,100 Entertainment Expense Deferred Revenue 8,100 Utilities Expense Common Stock 24,500 Balances $12,100 3,100 ? 8,100 7,100 1,100 9,100 5,100 1,100 Required: Prepare a trial balance by placing amounts in...
Below you will find an adjusted trial balance. Trial Balance Accounts Debit Credit Cash 34,000 Accounts...
Below you will find an adjusted trial balance. Trial Balance Accounts Debit Credit Cash 34,000 Accounts Receivable 15,000 23,000 100,000 40,000 6,000 Inventory Equipment Accumulated Depr. Accounts Payable Notes Payable Common Stoo's Retained Earnings Dividends 70,000 10,000 32,000 4,000 Service Revenue 110,000 Sales Revenue 215,000 Interest Revenue 2,000 Cost of Goods Sold 155,000 Salaries Expense 80,000 Tax Expense 30.000 80,000 30,000 Salaries Expense Tax Expense Interest Expense Utilities Expense Supplies Expense 8,000 25,000 11,000 Totals 485,000 485,000 Prepare the closing...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
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Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have...
Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense $6,050 600 800 1,950 1,750 2,900 Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense $ 400 1,950 4,300 6,100 7,000 1,000 Trial...
Exercise 2-18 Prepare a trial balance (LO2-6) Below is the complete list of accounts of Cobras...
Exercise 2-18 Prepare a trial balance (LO2-6) Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,100, Buildings $38,000; Salaries Payable, $300, Common Stock, $18,000, Accounts Payable, $1,350, Utilities Expense, $2,000, Prepaid Insurance, $1,100; Service Revenue, $17,800, Accounts Receivable $2,500, Cash, $1,800, Salaries Expense, $4,700, Retained Earnings, $13,750. Required: Prepare a trial balance with the list of accounts in the...
Exercise 2-17 Prepare a trial balance (LO2-6) Below is the complete list of accounts of Sooner Company and the related balance at the end of April. A accounts have ther normal debit rcrediblance ash S 100% e d ent $6,600; Accounts Payable $3,500; Common Stock, $32,000; Service Revenue, $24,600; Salaries Expense, $7,400; Accounts Receivable, $5,300; Land, $52,000; Deferred Revenue, $1,900; Retained Earnings, $21,000; Supplies Expense, $8,600. Required Prepare a trial balance with the list of accounts in the following order:...
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,400; Prepaid Rent, $6,900; Accounts Payable $3,800; Common Stock, $35,000; Service Revenue, $24,900; Salaries Expense, $7,700; Accounts Receivable, $5,600; Land, $55,000; Deferred Revenue, $2,050; Retained Earnings, $21,750; Supplies Expense, $8,900. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses....
Below is the complete list of accounts of a company and the related balance at the end of April. All accounts have their normal debitor credit balance. Cash, $3,700; Prepaid Rent, $7.200; Accounts Payable $4,100; Common Stock, $38,000; Service Revenue, $25,200; Salaries Expense. $8,000; Accounts Receivable, $5,900; Land, $58,000; Deferred Revenue, $2,200, Retained Earnings. $22,500; Supplies Expense, $9,200. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses. Trial...
5. Below is the complete ist of accounts of Sooner Company and the related balance at the end of Apil All accounts have Peir nornal debt or credt baianoe, Cash, 32 ,d 55,500. Accounts Payaible 52 400 Common Stock $21,000 Service Revenue $23,500Salaes Expense 8.300, Accounts Recevable, 54,200 Land, 341,0Dmed v 1.350,Ratained Eamings$18,250 Supplies Expense $7,500 Propare』tal balanco with the ist of accounts n te towng oor assets, iatītes hader einr revenues and openses. Trial Balenee 888886888888
JUI Yuu Below are account balances of Ducks Company at the end of September. Accounts Balances Accounts Cash $20,500 Retained Earnings Accounts Receivable 13,100 Dividends Supplies 6,100 Service Revenue Prepaid Insurance 4,100 Salaries Expense Equipment 23,500 Insurance Expense Accounts Payable 6,100 Advertising Expense Salaries Payable 3,100 Supplies Expense Utilities Payable 1,100 Entertainment Expense Deferred Revenue 8,100 Utilities Expense Common Stock 24,500 Balances $12,100 3,100 ? 8,100 7,100 1,100 9,100 5,100 1,100 Required: Prepare a trial balance by placing amounts in...
Below you will find an adjusted trial balance. Trial Balance Accounts Debit Credit Cash 34,000 Accounts Receivable 15,000 23,000 100,000 40,000 6,000 Inventory Equipment Accumulated Depr. Accounts Payable Notes Payable Common Stoo's Retained Earnings Dividends 70,000 10,000 32,000 4,000 Service Revenue 110,000 Sales Revenue 215,000 Interest Revenue 2,000 Cost of Goods Sold 155,000 Salaries Expense 80,000 Tax Expense 30.000 80,000 30,000 Salaries Expense Tax Expense Interest Expense Utilities Expense Supplies Expense 8,000 25,000 11,000 Totals 485,000 485,000 Prepare the closing...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
Using the following information, prepare a trial balance. Assume all asset, dividend, and expense accounts have debit balances and all liability, stockholders' equity, and revenue accounts have credit balances. List the accounts in the following order: assets, liabilities, stockholders' equity, dividends, revenues, and expenses. Cash Salaries Payable Prepaid Rent Accounts Payable Retained Earnings Salaries Expense $6,050 600 800 1,950 1,750 2,900 Dividends Rent Expense Accounts Receivable Common Stock Service Revenue Advertising Expense $ 400 1,950 4,300 6,100 7,000 1,000 Trial...
Exercise 2-18 Prepare a trial balance (LO2-6) Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have their normal debit or credit balance. Supplies, $1,100, Buildings $38,000; Salaries Payable, $300, Common Stock, $18,000, Accounts Payable, $1,350, Utilities Expense, $2,000, Prepaid Insurance, $1,100; Service Revenue, $17,800, Accounts Receivable $2,500, Cash, $1,800, Salaries Expense, $4,700, Retained Earnings, $13,750. Required: Prepare a trial balance with the list of accounts in the...
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