WHITLOW MANUFACTURING CORPORATION | ||
Unadjusted Trial Balance | ||
January 31,2021 | ||
Account Title | Debits | Credits |
Cash | $2,000 | |
Accounts receivable | $3,000 | |
Inventory | $9,550 | |
Equipment | $17,900 | |
Accumulated depreciation | $3,800 | |
Accounts payable | $13,100 | |
Common stock | $10,000 | |
Accrued liabilities | $0 | |
Dividends | $1,000 | |
Retained earnings | $7,100 | |
Sales revenue | $9,100 | |
Cost of goods sold | $5,400 | |
Rent expense | $800 | |
Salaries expense | $3,300 | |
Advertising expense | $150 | |
Totals | $43,100 | $43,100 |
Calculations:
Cash | Accounts Receivable | |||||||
Beg. Bal. | 5,300 | 800 | Jan.13 | Beg. Bal. | 2,300 | |||
Jan.1 | 3,800 | 5,800 | Jan.16 | Jan.8 | 5,300 | 4,600 | Jan.18 | |
Jan.18 | 4,600 | 800 | Jan.20 | |||||
3,300 | Jan.30 | |||||||
1,000 | Jan.31 | |||||||
End. Bal. | 2,000 | End. Bal. | 3,000 | |||||
Inventory | Equipment | |||||||
Beg. bal. | 5,300 | Beg. Bal. | 11,300 | |||||
Jan.10 | 9,650 | 2,300 | Jan.1 | Jan.2 | 5,800 | |||
3,100 | Jan.8 | Jan.13 | 800 | |||||
End. Bal. | 9,550 | End. Bal. | 17,900 | |||||
Accumulated Depreciation | Accounts payable | |||||||
Beg. Bal. | 3,800 | Beg. Bal. | 3,300 | |||||
Jan.16 | 5,800 | 5,800 | Jan.2 | |||||
150 | Jan.4 | |||||||
9,650 | Jan.10 | |||||||
End. bal. | 3,800 | End. bal. | 13,100 | |||||
Common stock | Accrued Liabilities | |||||||
Beg. Bal. | 10,000 | Beg. Bal. | 0 | |||||
End. Bal. | 10,000 | End. Bal. | 0 | |||||
Dividends | Retained Earnings | |||||||
Beg. Bal. | 0 | Beg. Bal. | 7,100 | |||||
Jan.31 | 1,000 | |||||||
End. Bal. | 1,000 | End. Bal. | 7,100 | |||||
Sales revenue | Cost of goods sold | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
3,800 | Jan.1 | Jan.1 | 2,300 | |||||
5,300 | Jan.8 | Jan.8 | 3,100 | |||||
End. Bal. | 9,100 | End. Bal. | 5,400 | |||||
Rent Expense | Salaries expense | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
Jan.20 | 800 | Jan.30 | 3,300 | |||||
End. Bal. | 800 | End. Bal. | 3,300 | |||||
Advertising Expense | ||||||||
Beg. Bal. | 0 | |||||||
Jan.4 | 150 | |||||||
End. Bal. | 150 |
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following Information...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5, 3ee 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10, eee...
Required information Problem 2-2 Accounting cycle through unadjusted trial balance LO2-2, 2-3] [The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold salaries and wages expense Rent expense Advertising expense Debits Credits 5,000 2,000 5,000 11,000 3,500 3,000 10,000 6,500 Totals 23,000 23,000...
create a unadjusted trial balance with the following information: The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017. Account Title Debits Credits Cash 6,000 Accounts receivable 3,000 Inventory 6,000 Equipment 12,000 Accumulated depreciation—equipment 4,500 Accounts payable 4,000 Common stock 9,000 Retained earnings 9,500 Sales revenue 0 Cost of goods sold 0 Salaries and wages expense 0 Rent expense 0 Advertising expense 0 Totals 27,000 27,000 The following transactions occurred during January 2018:...
prepare an unadjusted trial balance as of january 31,2021 The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 4,880 1,800 4,800 10,800 3,300 2,800 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense. Advertising expense Totals 10,000 6,100 22,200 The following transactions occurred...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 5,800 Accounts receivable 2,800 Inventory 5,800 Equipment 11,800 Accumulated depreciation 4,300 Accounts payable 3,800 Accrued liabilities 0 Common stock 10,000 Retained earnings 8,100 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Totals 26,200 26,200 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,300. The...
[The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 4,100 Accounts receivable 1,100 Inventory 4,100 Equipment 10,100 Accumulated depreciation 2,600 Accounts payable 2,100 Accrued liabilities 0 Common stock 9,000 Retained earnings 5,700 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Totals 19,400 19,400 The following transactions occurred during January...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,700 2,700 5,700 11,700 4,200 3,700 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 8,900 25,800 25,800 The following transactions occurred during January 2021: Jan. 1 sold merchandise for cash, $4,200. The cost of the merchandise was $2,700....
Required information Problem 2-4 (Algo) Accounting cycle; adjusting entries through post-closing trial balance [LO2-4, 2-6, 2-7, 2-8] [The following information applies to the questions displayed below.] Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 36,700 Accounts receivable 43,800 Supplies 3,400 Inventory 63,800 Notes receivable 23,800 Interest receivable 0 Prepaid rent...
Part 2 of 3 Required Information (The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits points Debits 4,40e 1,400 4.400 10,4ee 2,989 2,400 eBook Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 6,300 Print 20.680 20,600 The following transactions...
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 5,800 Accounts receivable 2,800 Inventory 5,800 Equipment 11,800 Accumulated depreciation 4,300 Accounts payable 3,800 Accrued liabilities 0 Common stock 10,000 Retained earnings 8,100 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Totals 26,200 26,200 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,300. The...