2015/12/31 | 2014/12/31 | ||
Prepaid Insurance | ? | 1200 | |
Prepaid Rent | 3500 | 4200 | |
Interest Receivable | 4200 | ? | |
Unearned Revenue | 6700 | 8200 | |
Interest Payable | 3800 | 2200 | |
Salaries Payable | 11500 | 15600 | |
Insurance Expense | 4800 | ||
Rent Expense | ? | ||
Interest Revenue | 22680 | ||
Sales revenue earned current period paid in prior periods | 15900 | ||
Interest Expense | ? | ||
Salary expense | 22290 | ||
Insurance Payments | 5300 | ||
Rent payments | 8700 | ||
Interest Received | 24800 | ||
Revenue payments received in advance | ? | ||
Interest Paid | 6530 | ||
Salaries Paid | ? | ||
2015/12/31 2014/12/31 Prepaid Insurance ? 1200 Prepaid Rent 3500 4200 Interest Receivable 420...
Given the following expense/revenue and payments/receipts ...determine the requested balances. Insurance expense 25000 Rent Expense 18000 Interest Revenue 15000 Interest Expense 8000 Salary Expense 10000 The following balances are excerpted from the Company's balance sheet 12/31/2020 12/31/2019 Prepaid Insurance 1800 ? Prepaid Rent 2500 ? Interest Receivable ? 3800 Interest Payable ? 2800 9000 ? Salaries Payable Insurance premium paid? Rental payments? Interest Received? Interest Paid ? Salaries Paid? 22000 17000 14000 7200 11000
Prepaid insurance $ 22,100 24,300 Prepaid rent Interest receivable Salaries payable 0 Unearned revenue 48,000 Interest revenue 17,000 • The insurance policy indicates that on December 31, 2010, only five months remain on the 18-month policy that originally cost $23,400 (purchased on December 1, 2009). • Sonoma's has a note receivable with $3,000 of interest due from a customer on January 1, 2011. This amount has not been recorded. • The accounting records show that two-third of the revenue paid...
$ Prepaid insurance Prepaid rent 3,750 26,100 Interest receivable Salaries payable Unearned revenue 33,000 Interest revenue 11,000 • The insurance policy indicates that on December 31, 2010, only three months remain on the 48-month policy that originally cost $12,000 (purchased on April 1, 2007). • Brenda's has a note receivable with $3,600 of interest due from a customer on January 1, 2011. This amount has not been recorded. • The accounting records show that two-third of the revenue paid in...
Payments made or received during 2020 Insurance premiums paid Rental payments made Interest collected Interest Paid Salaries Paid 11,000 14,000 8,000 9,000 17,000 The following balances are excerpted from the Company's balance sheets 12/31/2020 12/31/2019 Prepaid Insurance 1,600 1,300 Prepaid Rent 3,500 3,200 Interest Receivable 2,700 3,800 Interest Payable 3,400 2,800 Salaries Payable 9,800 11,000 Insurance expense? Rent Expense? Interest Revenue? Interest Expense? Salary Expense?
Normal Balance Debit Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr. -Building Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Capital Stock...
Beginning of vear End of vear 14,000 Accounts receivable Inventories Prepaid insurance Prepaid rent Accounts payable Wages payable Unearned rent revenue $10,000 21,000 1,000 2.000 11,000 14,000 9,000 19,000 2,000 1.000 12,000 13,000 7,000 The income statement for the year contains the following: Rent revenue Sales revenue Cost of goods sold Insurance expenSe Rent expense Wages expense 21,000 130.000 80,000 13.000 10,000 35,000 Use the information above to answer the following question. What is the amount of cash paid for...
J o cell Styles SUM X. fx =Sheet31812+Sheet11A2:019 А 1 Payments made or received during 2012 3 Insurance premiums paid 4 Rental payments made 5 Interest collected 6 Interest Paid 7 Salaries Paid 12000 15000 10000 7000 18000 10 9 The following balances are excerpted from the Company's balance sheets 12/31/12 12/31/11 11 Prepaid Insurance 1800 1300 12 Prepaid Rent 2500 3200 13 Interest Receivable 3200 3800 14 Interest Payable 3300 2800 15 Salaries Payable 9000 11000 17 Insurance expense?...
Cash Accounts receivable Prepaid insurance Supplies inventory Trial balance Financial Statements Statement of Income Balance Sheet Statement of Cash Flows Trial balance Debits Credits Adjusting entries Debits Credits Adjusted trial balance Debits _ Credits _ Revenue Assets Cash Accounts receivable Prepaid insurance Supplies inventory Computer equipment Accumulated depreciation Total assets Net income + Depreciation - Accounts receivable - Prepaid insurance - Supplies + Accounts payable Cash from operations Computer equipment Accounts payable Notes payable Common stock Accounts Cash Accounts receivable...
OKENDO CONSULTING Trial Balance May 31, 2014 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 7,500 3,000 2,500 3,600 12,000 $ 3,500 4,000 19,100 7,500 4,000 1,500 $34,100 $34,100 tion to those accounts listed on the trial balance, the chart of accounts for Okendo lting also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and...
Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 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. DC not indent manually.)...