Unadjusted Trial shows a Notes Payable credit of $10000. What is the adjusting entries for 6% interest note payable made...
Unadjusted Trial shows a Notes Payable credit of $10000. What is the adjusting entries for 6% interest note payable made on Jan. 31, 2017 and is due February 1, 2019.
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Unadjusted Trial shows a Notes Payable credit of $10000. What is the adjusting entries for 6% interest note payable made...
Unadjusted Trial Balance shows a Notes Payable credit of $10000. What is the adjusting entries on...
Unadjusted Trial Balance shows a Notes Payable credit of $10000. What is the adjusting entries on the Worksheet for 6% interest note payable made on Jan. 31, 2017 and is due February 1, 2019. Unadjusted Trial Balances Adjusting Entries Debit Credit Debit Credit Notes Payable 10,000.00 10,000.00 Interest Payable -
P10-2A. Adjusting Entries for Interest At December31, 2017, Eric Corporation had two notes payable outstanding (notes...
P10-2A. Adjusting Entries for Interest At December31, 2017, Eric Corporation had two notes payable outstanding (notes 1 and 2). At December 31, 2018, Eric also had two notes payable outstanding (notes 3 and 4). These notes are described below: Date of Note Principal Amount Interest Rate number of Days December 31, 2017 Notes 1......…………………..11/16/2017 $30,000 8% 120 Note 2...……...………………12/4/2017 16,000 9 60 December 31, 2018 Note 3 12/7/2018 9,000 10 60 Note 4...
Adjusting Entries for Interest At December 31, 2011, Portland Corporation had two notes payable outstanding (notes...
Adjusting Entries for Interest At December 31, 2011, Portland Corporation had two notes payable outstanding (notes 1 and 2). At December 31, 2012, Portland also had two notes payable outstanding (notes 3 and 4). These notes are described below. Principal Amount Interest Rate Number of Days Date of note December 31, 2011 Note 1 November 25, 2011 Note 2 December 16, 2011 December 31, 2012 Note 3 December 11, 2012 Note 4 December 07, 2012 $29,000 18,800 896 996 17,400...
Problem 3-73B Adjusting Entries and Financial Statements Objective 4, 5 The unadjusted trial balance for Mitchell...
Problem 3-73B Adjusting Entries and Financial Statements Objective 4, 5 The unadjusted trial balance for Mitchell Pharmacy appears below. Mitchell Pharmacy Unadjusted Trial Balance December 31, 2018 Debit Account Credit S 3.400 64,820 583.400 11.200 230,000 S 44.000 Cash Accounts Receivable Inventory Prepaid Insurance Building Accumulated Depreciation (Building) Land Other Assets Accounts Payable Notes Payable (due 2020) Common Shares Retained Earnings, 12/31/2017 Service Revenue Wages Expense Interest Expense Total 31,200 25.990 47,810 150.000 600,000 41.200 950,420 871.420 12.000 $1.833.430 51.833.430...
Adjusting Entries for Interest At December 31, 2011, Portland Corporation had two notes payable outstanding (notes...
Adjusting Entries for Interest At December 31, 2011, Portland Corporation had two notes payable outstanding (notes 1 and 2). At December 31, 2012, Portland also had two notes payable outstanding (notes 3 and 4). These notes are described below. Date of note /Principal Amount /Interest Rate /Number of Days / December 31, 2011 Note 1 November 25, 2011 / $27,000 / 9% / 90 Note 2 December 16, 2011 / 16,800 / 8% / 60 December 31, 2012 Note...
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly Credit Debit...
Prepare the adjusting entries at March 31, assuming that
adjusting entries are made quarterly
Credit Debit $4,800 5,760 40,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $13,440 32,000 19,840 96,000 0 22,400 An analysis of the accounts shows the following 1. 2. 3 The equipment depreciates $448 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $640 is accrued on the notes...
Adjusting Entries from Trial Balances The unadjusted and adjusted trial balances for American Leaf Company on...
Adjusting Entries from Trial Balances The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2019, follow: American Leaf Company Trial Balance October 31, 2019 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 241 241 Accounts Receivable 574 637 Supplies 181 136 Prepaid Insurance 289 173 Land 395 395 Equipment 608 608 Accumulated Depreciation- Equipment 122 199 Accounts Payable 393 393 Wages Payable 17 Les Huff, Capital 1,386 1,386 Les Huff, Drawing 125 125...
VIl. Adjusting Entries (17 points) . owing is an unadjusted trial balance for Han's Music The...
VIl. Adjusting Entries (17 points) . owing is an unadjusted trial balance for Han's Music The followin instruments and saxophone lessons. sole proprietor etorship specializing in band 12,780 24,840 850 2,800 Han's Music Unadjusted Trial Balance 31-Dec-2020 Cash Accounts Receivable Office Supplies Prepaid Insurance Notes Receivable Band Equipment Accumulated Depreciation Equipment Accounts payable Notes Payable Unearned revenues Han Dai, Capital Sales Revenues Salaries Expense Utilities Expense Rent Expense 13,920 6,000 2.680 1.820 12,000 3,860 25,480 57,800 33.000 1.750 7,700 103,640...
Adjusting Entries Below please find the unadjusted trial balance Williams Corporation Unadjusted Trial Balance As of...
Adjusting Entries Below please find the unadjusted trial balance Williams Corporation Unadjusted Trial Balance As of the year ended May 31, 2020 Cash 33,845 Accounts Receivable 88,000 Allowance for Doubtful Accounts 300 Prepaid Rent Prepaid Insurance 21,940 Equipment 950,333 Accumulated Depreciation 215,000 Patent 45,000 Accounts Payable 73,000 Short Term Notes Payable 65,000 Salaries Payable Interest Payable Unearned Fee Revenue 40,000 Unearned Service Revenue 8,000 Bonds Payable 300,000 Discount on Bonds Payable 28,782 Common Stock 100,000 Retained Earnings 185,000 Fee Revenue...
Thanos Merchandising Company Unadjusted Trial Balance December 13, 2019 Account Balance Bank 499.200 Interest Payable 480.000...
Thanos Merchandising Company Unadjusted Trial Balance December 13, 2019 Account Balance Bank 499.200 Interest Payable 480.000 Bank Loan (5 years) 1.472.000 Notes Receivable 896.000 Service Revenue 2.880.000 Cost of Service 1.536.000 Office Supplies 57.600 Accumulated Depreciation (Building) 896.000 Equipment 704.000 Marketing Expense ???? Building 1.280.000 Depreciation Expense (Building) 192.000 Interest receivable 240.000 Note payable (3 years) 800.000 Cash 89.600 Profit from sale of equipment 19.200 Account Receivable 364.800 Capital 2.464.000 Utilities Expense 614.400 Accounts Payable 448.000 Bank Loan (1 year)...
Adjusting Entries for Interest At December 31, 2011, Portland Corporation had two notes payable outstanding (notes 1 and 2). At December 31, 2012, Portland also had two notes payable outstanding (notes 3 and 4). These notes are described below. Principal Amount Interest Rate Number of Days Date of note December 31, 2011 Note 1 November 25, 2011 Note 2 December 16, 2011 December 31, 2012 Note 3 December 11, 2012 Note 4 December 07, 2012 $29,000 18,800 896 996 17,400...
Problem 3-73B Adjusting Entries and Financial Statements Objective 4, 5 The unadjusted trial balance for Mitchell Pharmacy appears below. Mitchell Pharmacy Unadjusted Trial Balance December 31, 2018 Debit Account Credit S 3.400 64,820 583.400 11.200 230,000 S 44.000 Cash Accounts Receivable Inventory Prepaid Insurance Building Accumulated Depreciation (Building) Land Other Assets Accounts Payable Notes Payable (due 2020) Common Shares Retained Earnings, 12/31/2017 Service Revenue Wages Expense Interest Expense Total 31,200 25.990 47,810 150.000 600,000 41.200 950,420 871.420 12.000 $1.833.430 51.833.430...
Prepare the adjusting entries at March 31, assuming that
adjusting entries are made quarterly
Credit Debit $4,800 5,760 40,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $13,440 32,000 19,840 96,000 0 22,400 An analysis of the accounts shows the following 1. 2. 3 The equipment depreciates $448 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $640 is accrued on the notes...
Adjusting Entries from Trial Balances The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2019, follow: American Leaf Company Trial Balance October 31, 2019 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 241 241 Accounts Receivable 574 637 Supplies 181 136 Prepaid Insurance 289 173 Land 395 395 Equipment 608 608 Accumulated Depreciation- Equipment 122 199 Accounts Payable 393 393 Wages Payable 17 Les Huff, Capital 1,386 1,386 Les Huff, Drawing 125 125...
VIl. Adjusting Entries (17 points) . owing is an unadjusted trial balance for Han's Music The followin instruments and saxophone lessons. sole proprietor etorship specializing in band 12,780 24,840 850 2,800 Han's Music Unadjusted Trial Balance 31-Dec-2020 Cash Accounts Receivable Office Supplies Prepaid Insurance Notes Receivable Band Equipment Accumulated Depreciation Equipment Accounts payable Notes Payable Unearned revenues Han Dai, Capital Sales Revenues Salaries Expense Utilities Expense Rent Expense 13,920 6,000 2.680 1.820 12,000 3,860 25,480 57,800 33.000 1.750 7,700 103,640...
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