Homework Answers
| Income statement | Balance sheet | ||||
| Cash | 7100 | ||||
| Accounts receivable | 1950 | ||||
| Supplies | 1800 | ||||
| Prepaid insurance | 710 | ||||
| Equipment | 17500 | ||||
| Accumulated depreciation equipment | 3500 | ||||
| Accounts payable | 3150 | ||||
| Roger dye capital | 15300 | ||||
| Roger dye drawings | 3600 | ||||
| Fees income | 16800 | ||||
| Supplies expense | 760 | ||||
| Insurance expense | 610 | ||||
| Depreciation expense-equipment | 560 | ||||
| Salaries expense | 3150 | ||||
| Utilities expense | 1010 | ||||
| sub Total | 6090 | 16800 | 32660 | 21950 | |
| Net income | 10710 | 10710 | |||
| Total | 16800 | 16800 | 32660 | 32660 | |
| Closing entries | Debit | Credit | |||
| 1 | Fees income | 16800 | |||
| Income summary | 16800 | ||||
| 2 | Income summary | 6090 | |||
| Supplies expense | 760 | ||||
| Insurance expense | 610 | ||||
| Depreciation expense-equipment | 560 | ||||
| Salaries expense | 3150 | ||||
| Utilities expense | 1010 | ||||
| 3 | Income summary | 10710 | |||
| Roger dye,capital | 10710 | ||||
| 4 | Roger dye capital | 3600 | |||
| Roger dye drawings | 3600 | ||||
Add Answer to:
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows. Balance 7,100...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 7,100 1,950 1,800 710 17,500 3, see 3,150 15,300 3,600 16, 800 760 610 560 3,15e 1,01e Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD...
e camous: Login ercise Soved The adjusted ledger accounts of RD Consulting on December 31. 2019,...
e camous: Login ercise Soved The adjusted ledger accounts of RD Consulting on December 31. 2019, appear as follows. Account Name Balance 7,600 2,200 2, 050 760 20,000 4,250 3, 400 16 300 4,100 19,300 810 660 610 3, 400 1,060 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreclation Expense-Equipment salaries Expense Utilities xpense Prepare the Balance Sheet and Income Statement columns of the...
Wk 5-Apply Exercise The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as...
Wk 5-Apply Exercise The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows 6 7,409 Cash 2,100 1,958 740 Accounts Receivable Supplies Prepaid Insurance 12 19,880 3,958 3,388 15,988 points Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income 3,980 18,380 790 Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense utilities Expense 640 590 3,300 1,048 Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entr December 31,...
CIL. Lue UM 1 Saved The adjusted ledger accounts of RD Consulting on December 31, 2019,...
CIL. Lue UM 1 Saved The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows. Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 8,000 2,400 2,250 800 22,000 4,850 3,600 17,100 4,500 21,300 850 700 650 3,600 1.100 Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing...
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO....
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. ACCOUNT BALANCE 101 Cash $ 76,000 111 Accounts Receivable 58,420 121 Supplies 10,200 131 Prepaid Insurance 24,600 141 Equipment 114,000 142 Accumulated Depreciation—Equipment 40,920 202 Accounts Payable 12,600 301 Aretha Hinkle, Capital 126,000 302 Aretha Hinkle, Drawing 12,600 401 Fees Income 363,260 510 Depreciation Expense—Equipment 20,760 511 Insurance Expense 11,000 514 Rent Expense 32,600 517 Salaries Expense 162,000 518 Supplies Expense 5,200 519 Telephone...
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 Account NO....
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 Account NO. Account Balance 101 Cash $62,000 111 Accounts Receivable 35,560 121 Supplies 8,800 131 Prepaid Insurance 23,200 141 Equipment 100,000 142 Accumulated Depreciation-Equipment 39,520 202 Accounts Payable 11,200 301 Aretha Hinkle, Capital 112,000 302 Aretha Hinkle, Drawing 11,200 401 Fees Income 302,600 510 Depreciation Expense-Equipment 19,360 511 Insurance Expense 9,600 514 Rent Expense 31,200 517 Salaries Expense 148,000 518 Supplies Expense 3,800 519 Telephone Expense...
At Home Pet Grooming Service Worksheet Month Ended December 31, 2019 Accounts Trial Balance Adjustments Adjusted...
At Home Pet Grooming Service Worksheet Month Ended December 31, 2019 Accounts Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 31,750 $ 31,750 $ 31,750 Accounts receivable 5,300 5,300 5,300 Supplies 5,400 1,950 3,450 3,450 Prepaid Advertising 3,700 1,750 1.950 1,950 Equipment 20,700 20,700 20,700 Accumulated depreciation equipment 550 550 550 Accounts Payable 5,700 5,700 5,700 Shara Johnson Capital 42,500 42,500 42,500 Shara Johnson Drawing 2,700...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO....
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. ACCOUNT 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation Equipment 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation Expense-Equipment 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense: 519 Telephone Expense 523 Utilities Expense BALANCE $ 67,000 36,060 9,300 23,700 105,000 40,020 11,700 117,000 11,709 316,600...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019,...
Trial Balance The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $25,100 Accounts Receivable 50,150 Cash ? Elaine Wells, Capital 117,050 Elaine Wells, Drawing 27,000 Fees Earned 418,000 Insurance Expense 7,950 Land 114,550 Miscellaneous Expense 11,700 Notes Payable 54,000 Prepaid Insurance 3,750 Rent Expense 79,400 Supplies 2,500 Supplies Expense 10,450 Unearned...
The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 7,100 1,950 1,800 710 17,500 3, see 3,150 15,300 3,600 16, 800 760 610 560 3,15e 1,01e Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entries for RD...
e camous: Login ercise Soved The adjusted ledger accounts of RD Consulting on December 31. 2019, appear as follows. Account Name Balance 7,600 2,200 2, 050 760 20,000 4,250 3, 400 16 300 4,100 19,300 810 660 610 3, 400 1,060 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreclation Expense-Equipment salaries Expense Utilities xpense Prepare the Balance Sheet and Income Statement columns of the...
Wk 5-Apply Exercise The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows 6 7,409 Cash 2,100 1,958 740 Accounts Receivable Supplies Prepaid Insurance 12 19,880 3,958 3,388 15,988 points Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income 3,980 18,380 790 Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense utilities Expense 640 590 3,300 1,048 Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing entr December 31,...
CIL. Lue UM 1 Saved The adjusted ledger accounts of RD Consulting on December 31, 2019, appear as follows. Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Roger Dye, Capital Roger Dye, Drawing Fees Income Supplies Expense Insurance Expense Depreciation Expense-Equipment Salaries Expense Utilities Expense Balance 8,000 2,400 2,250 800 22,000 4,850 3,600 17,100 4,500 21,300 850 700 650 3,600 1.100 Prepare the Balance Sheet and Income Statement columns of the worksheet. Prepare the closing...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO. ACCOUNT 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation Equipment 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Drawing 401 Fees Income 510 Depreciation Expense-Equipment 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense: 519 Telephone Expense 523 Utilities Expense BALANCE $ 67,000 36,060 9,300 23,700 105,000 40,020 11,700 117,000 11,709 316,600...
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