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Sheffield Company's trial balance at December 31, 2019, is presented below. All 2019 transactions have been...
Sheffield Company's trial balance at December 31, 2019, is presented below. All 2019 transactions have been recorded except for the items described following the trial balance Debit Credit $27,000 36,500 8,200 Cash Accounts Recelvable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment Patents Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreclation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Notes Payable (due in 2020) Interest Payable Notes Payable (due after 2020) Common Stock Retained Earnings Dividends...
Sheffield Company's trial balance at December 31, 2019, is presented below. All 2019 transactions have been recorded except for the items described following the trial balance Debit Credit $27,000 36,500 8,200 Cash Accounts Recelvable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment Patents Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreclation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Notes Payable (due in 2020) Interest Payable Notes Payable (due after 2020) Common Stock Retained Earnings Dividends...
Whispering Winds Company’s trial balance at December 31, 2019, is presented below. All 2019 transactions have been recorded except for the items described following the trial balance. Debit Credit Cash $28,000 Accounts Receivable 37,000 Notes Receivable 9,900 Interest Receivable –0– Inventory 36,400 Prepaid Insurance 3,720 Land 21,300 Buildings 156,000 Equipment 57,000 Patents 10,100 Allowance for Doubtful Accounts $450 Accumulated Depreciation—Buildings 52,000 Accumulated Depreciation—Equipment 22,800 Accounts Payable 27,500 Salaries and Wages Payable –0– Unearned Rent Revenue 3,600 Notes Payable (due in...
Oriole Corporation’s trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash $26,500 Accounts Receivable 54,000 Inventory 22,700 Land 67,100 Buildings 91,300 Equipment 30,000 Allowance for Doubtful Accounts $500 Accumulated Depreciation—Buildings 28,500 Accumulated Depreciation—Equipment 12,600 Accounts Payable 19,000 Interest Payable –0– Dividends Payable –0– Unearned Rent Revenue 6,800 Bonds Payable (10%) 46,000 Common Stock ($10 par) 29,000 Paid-in Capital in Excess of Par—Common Stock 5,800 Preferred...
The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below. December 31 is the company's fiscal year-end Account Title Debits Credits Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Deferred rent revenue Common stock Retained earnings Sales revenue Interest revenue Rent revenue Salaries and wages expense Depreciation expense Insurance expense Utility expense Maintenance expense Totals 2,750 6,500 2,600 185,000 45,000 18,000 78,000...
1.prepare journal entries for transactions listed above 2. prepare an updated december 31, 20-5 trial balance 3 prepare a 2015 income statement and a retained earnings statement 4. prepare a december 31 2015 calified balance sheet Accounts Receivaba Buildings Almance for Doubful Account Accumulated Depreciation Buildings Acumulated Depreciation Equipment Accounts Payable Salaries and was able Unnamed Rent Revenue Notes Pavable (due in 2016) Interest Prable Notes Parable due after 2016) Common Stock Retained Earnings Dividends 560 63.00 12.000 Continuin Debit...
Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment $27,300 59,000 23,100 62,800 104,400 43,000 Accounts Payable Interest Payable Dividends Payable Unearned Rent Revenue Bonds Payable (10%) Common Stock ($10 par) Paid-in Capital in Excess of Par-Common Stock Preferred Stock ($20 par) Paid-in Capital in Excess of Par-Preferred...
The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below. December 31 is the company's fiscal year-end Account Title Debits Credits 7,900 9,250 3,700 240,000 72,500 Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Deferred rent revenue Common stock Retained earnings Sales revenue Interest revenue Rent revenue Salaries and wages expense Depreciation expense Insurance expense Utility expense Maintenance expense Totals 29,000 108,000...
Presented below is the trial balance of the Buffalo Golf Club, Inc. as of December 31. The books are closed annually on December 31. BUFFALO GOLF CLUB, INC. TRIAL BALANCE DECEMBER 31 Debit Credit Cash $17,550 Accounts Receivable 14,700 Allowance for Doubtful Accounts $1,200 Prepaid Insurance 9,500 Land 353,200 Buildings 150,000 Accumulated Depreciation-Buildings 48,000 Equipment 196,500 Accumulated Depreciation-Equipment 91,700 Common Stock 381,500 Retained Earnings 158,117 Dues Revenue 204,200 Green Fees Revenue 5,703 Rent Revenue 17,600 Utilities Expenses 58,420 Salaries and...
1. Presented below is the adjusted trial balance for Cooper Company on December 31, 2019. COOPER COMPANY Adjusted Trial Balance December 31, 2019 Dr. Cr. Cash $ 1,500 Accounts Receivable 4,300 Prepaid Rent 2,100 Supplies 400 Automobile equipment 18,500 Accumulated depreciation— Automobile equipment $ 1,300 Accounts Payable 2,700 Unearned Revenue 3,660 Notes Payable 10,000 Common Stock 5,000 Retained Earnings 2,200 Dividends 1,200 Service Revenue 8,800 Salaries Expense 2,160 Utilities Expense 1,400 Rent...