Question

Dump Company Post-Closing Trial Balance December 31, 2016 Account Debit Credit Cash $ Accounts Receivable 27,000 18,000 18,00For the Quarter Ended March 31, 2017 Sales Revenue $ 121,700 60,850 Cost of Goods Sold Gross Profit Selling and AdministrativDump Company Budgeted Balance Sheet March 31, 2017 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Prep

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Amount Amount Balance Sheet March 31,2017 Assets Particulars A Current Asset 1 Cash 2 Accounts Recievable 3 Merchandise InvenAmount Amount Balance Sheet March 31,2017 Liabilities Particulars A Current liabilities 1 Accounts Payable 2 Salaries and com

Add a comment
Know the answer?
Add Answer to:
Dump Company Post-Closing Trial Balance December 31, 2016 Account Debit Credit Cash $ Accounts Receivable 27,000 18,000...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • i Data Table -X1 Credit Vinson Company Post-Closing Trial Balance December 31, 2018 Account Debit Cash...

    i Data Table -X1 Credit Vinson Company Post-Closing Trial Balance December 31, 2018 Account Debit Cash 18,000 Accounts Receivable 22,800 Raw Materials Inventory 13,000 Finished Goods Inventory 25,200 Equipment 145,000 Accumulated Depreciation $ 65,000 Print Done 308,500 36,000 14,000 Budgeted total sales, all on account Budgeted direct materials to be purchased and used Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted cost of goods sold Budgeted selling and administrative expenses: Salaries...

  • Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,050 5,650 Accounts Receivable Prepaid...

    Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,050 5,650 Accounts Receivable Prepaid Insurance Equipment 4,480 42,000 Accumulated Depreciation, Equipment Accounts Payable Salaries Payable $24,000 2,700 4,450 3,875 Unearned Service Revenue Common Stock 8,000 Retained Earnings 2,255 10,500 99,600 Dividends Service Revenue Salaries Expense Rent Expense Insurance Expense Depreciation Expense Income Taxes Expense 49,400 17,250 2,200 4,950 5,400 Totals $144,880 $144,880 Required: TO Required: Prepare a classified balance sheet for Sparrow at December 31, 2019. Sparrow Company...

  • Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600...

    Hinton Company Adjusted Trial Balance At December 31 Account Debit Credit $ Cash Accounts Receivable 19,331.600 2,990,000 530,000 23.400 3,000,000 $ 150.000 930.000 58,400 230.000 33,000 970.000 21,600,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Uneamed Service Revenue Wages Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Wage Expense Utilities Expense Selling Expense Administrative Expense Repairs Expense insurance Expense Interest Expense Supplies Expense Depreciation Expense--Equipment 45.000 3,754,000 730.400 96.100 45.100 130,000 37.000 19.800 40.000 557.000 150,000 $...

  • Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepa...

    Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepaid Insurance 2,100 Office Equipment 18,300 Accumulated Depreciation: Office Equipment 600 Accounts Payable 3,600 Capital Stock 15,300 Retained Earnings 2,700 Dividends 1,100 Revenue 21,750 Salaries Expense 6,600 Utilities Expense 1,800 Rent Expense 2,700 600 Depreciation Expense Income Taxes Expense 550 $43.950 $43,950 (5) Does the company appear to be liquid? Explain. (6) Has the company been profitable in the past? Explain.

  • Malasadas trading company Unadjusted Trial balance as at december 31, 2016 Account Debit Credit accounts receivable...

    Malasadas trading company Unadjusted Trial balance as at december 31, 2016 Account Debit Credit accounts receivable 340,000 allowance for bad debts 25,000 merchandise inventory 210,000 store supplies 120,000 prepaid insurance 156,000 office furniture 1,200,000 accumulated depreciation - office furniture 360,000 computer equipment 600,000 accumulated depreciation - computer equipment accounts payable 345,000 wages payable interest payable notes payable long term 210,000 unearned sales revenue 265,000 donna malasadas capital 1,200,000 donna malasades withdrawal 190,000 sales revenue earned 1,755,200 sales discount 15,000 sales...

  • FASHION CENTRE Adjusted Trial Balance November 30, 2015 Debit $22,000 Credit Cash....... Accounts receivable Merch...

    FASHION CENTRE Adjusted Trial Balance November 30, 2015 Debit $22,000 Credit Cash....... Accounts receivable Merchandise inventory Supplies..... Prepaid insurance Long-term investment.. Equipment .. Accumulated depreciation-equipment... Accounts payable. Salaries payable.. Interest payable Income tax payable Unearned revenue. 30,600 25,000 950 1,200 37,000 26.800 $ 16,080 34,400 1,210 175 1,100 600 35,000 16,400 25,000 Bank loan payable (matures 2018) Common shares. Retained earnings Dividends Sales ..... Interest revenue Sales discounts Sales returns and allowances. Cost of goods sold .. Salaries expense. Rent...

  • Trial balance Account Titles Debit Credit Cash $          95,430 Accounts Receivable $            6,000 Prepaid Rent $    &n

    Trial balance Account Titles Debit Credit Cash $          95,430 Accounts Receivable $            6,000 Prepaid Rent $          25,000 Prepaid Insurance $            2,700 Prepaid Supplies $                120 Equipment $       400,000 Accumulated Depreciation $            3,250 Accounts Payable $                970 Accrued Interest $            1,400 Accrued Salaries $                550 Unearned Rental Revenue $            1,950 Notes Payable $       350,000 Capital Stock-Mike $          80,000 Capital Stock-Julie $          80,000 Dividend $            4,000 Retained Earnings $                   -   Rental Revenue $          46,100 Salaries Expense $          19,950 Rent Expense $            5,000...

  • Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid...

    Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment $24,000 2,800 Accounts Payable Salaries Payable 4,450 Unearned Service Revenue 3,875 8,000 Common Stock Retained Earnings 2,255 Dividends 10,500 Service Revenue 100,000 Salaries Expense 49,400 Rent Expense 17,250 Insurance Expense 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,800 Totals $145,380 $145,380 Salaries Expense 49,400 Rent Expense 17,250 2,200 Insurance Expense Depreciation Expense Income Taxes Expense 4,950 5,800...

  • BRIDGEPORT COMPUTER CONSULTANTS Trial Balances July 31, 2017 Debit Credit Cash 42,020 Accounts Receivable 10,400 Prepaid...

    BRIDGEPORT COMPUTER CONSULTANTS Trial Balances July 31, 2017 Debit Credit Cash 42,020 Accounts Receivable 10,400 Prepaid Insurance 2.750 Supplies 2,550 Prepaid Rent 3.200 Equipment Accumulated Depreciation Equipment 400 Accounts Payable 2.440 Interest Payable Salaries and Wages Payable 8,800 Income Taxes Payable 960 Unearned Service Revenue 1,600 Notes Payable 16,000 Common Stock 42.900 Common Stock 42,900 Retained Earnings 1,570 Service Revenue 31,300 Salaries and Wages Expense 17,600 Rent Expense 3,200 Advertising Expense 1,800 Supplies Expense 1,000 Utilities Expense Depreciation Expense Insurance...

  • Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid...

    Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 42,000 $24,000 Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock 2,800 4,450 3,875 8,000 Retained Earnings 2,255 Dividends 10,500 99,800 49,400 Service Revenue Salaries Expense Rent Expense Insurance Expense 17,250 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,600 Totals $145,180 $145,180 Income Taxes Expense 5,600 Totals $145,180 $145,180 Required: Prepare a single-step 9 S Sparrow for 2019....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT