Homework Answers
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Post-closing Trial Balance |
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For the Year ended April 30 |
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Accounts title |
Debit |
Credit |
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Cash |
$ 7,60,700.00 |
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Accounts receivables- Natasha goodland |
$ 70,000.00 |
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Accounts receivables- R. Henry |
$ 49,800.00 |
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Supplies |
$ 43,100.00 |
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Prepaid Insurance |
$ 20,000.00 |
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Accounts payable-Tri country |
$ 38,100.00 |
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Accounts payable-West end supply co |
$ 55,500.00 |
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Leonard Long Capital |
$ 8,50,000.00 |
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|
Total |
$ 9,43,600.00 |
$ 9,43,600.00 |
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8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry...
8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for...
8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Len's Laundry below. A partial work sheet for the month ended April 30 of the current year is shown below. BALANCE SHEET Cash a Accounts Recelvable-Natasha Goodlad - Accounts RecelvableR Henry " Supplies 760700 49800 43100 20000 Prepaid Insurance . Accounts Payable-Tri-County Supplies ' Accounts Payable West End Supply Co. -- tt-t- 38100 55500 6 52700 Leonard Long, Capital Leonard Long, Drawing , 1...
Instructions The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the...
Instructions The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE CREDIT DEBIT 11,000.00 Cash 2 Laundry Supplies 21,500.00 Prepaid Insurance 9.600.00 Laundry Equipment 232,600.00 Accumulated Depreciation 125,400.00 11,800.00 Accounts Payable Sophie Perez Capital Sophie Perez Drawing 105,600.00 10,000.00 Laundry Revenue 232,200.00 125,200.00 Wages Expense 11. Rent Expense 40,000.00 12 Utilities Expense 19,700.00 13 Miscellaneous Expense 5,400.00 14 Totals 475,000.00 475,000.00 The...
prepare a post closing trial balance Question 2 Cullumber Company had the following adjusted trial balance....
prepare a post closing trial balance
Question 2 Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,570 Accounts Receivable 3,950 Supplies 600 Accounts Payable $1,500 Unearned Service Revenue Owner's Capital 4,710 Owner's Drawings Service Revenue 5,600 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 520 $12,500 O DO 170 N O $ U J.UU ) Prepare...
8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries A journal and general ledger accounts for Len's...
8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries A journal and general ledger accounts for Len's Laundry are given below. A partial work sheet for the month ended April 30 of the current year is shown below. ADJUSTMENTS ACCOUNT TITLE DEBIT CREDIT (a) 45000 )200o0 Supplies Prepald Insurance Insurance Expense Supplles Expense ) 20000 14 Miscellaneous Expense a)45000 Use page 12 of the journal. Journalize and post the adjusting entries. 1. Application Problem 8-1 Aa Aa Page 12 JOURNAL Doc.Post....
The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal...
The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 11,000.00 2 Laundry Supplies 21,500.00 3 Prepaid Insurance 9,600.00 4 Laundry Equipment 232,600.00 5 Accumulated Depreciation 125,400.00 6 Accounts Payable 11,800.00 7 Sophie Perez, Capital 105,600.00 8 Sophie Perez, Drawing 10,000.00 9 Laundry Revenue 232,200.00 10 Wages Expense 125,200.00 11 Rent Expense 40,000.00 12 Utilities Expense 19,700.00 13...
Use the partial chart of accounts given here. For each closing entry described, decide which accounts...
Use the partial chart of accounts given here. For each closing entry described, decide which accounts are debited and credited. Enter Debit or Credit in the column of the appropriate accounts. Account Titles K. Schenk, Capital K. Schenk, Drawing Income Summary Account No. 310 320 330 410 510 520 Sales Advertising Expense Insurance Expense Supplies Expense 550 310 320 330 410 510 520 550 1-2. Closing entry for Sales. (p. 217) 3–4. Closing entry for all expense accounts. (p. 219)...
PSA3.2 Prepare adjusting entries, post to ledger accounts, and prepare adjusted trial balance. L0...
PSA3.2 Prepare adjusting entries, post to ledger accounts, and prepare adjusted trial balance. L03, 4, 5 The unadjusted trial balance at 30 June 2020 for Maxi Services Ltd is as follows MAXI SERVICES LTD Trial balance as at 30 June 2020 No. Account name Debit Credit 100 Cash 104 Accounts receivable 112 Prepaid insurance 113 Supplies 130 Office equipment 131 Accumulated depreciation 200 Accounts payable 213 Service revenue received in advance 300 Share capital 310 Retained earnings 400 Service revenue...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018, The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expenso Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and...
adjusting Entries, closing entries, general ledger, worksheet, income statement, balance sheet and post closing trial balance...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
2.- Below is the post-closing trial balance for Acme Uniforms Laundry, a sole proprietorship laundry specializing...
2.- Below is the post-closing trial balance for Acme Uniforms Laundry, a sole proprietorship laundry specializing in uniforms. These are beginning balances for the year: Acme Uniforms Laundry Post-Closing Trial Balance December 31, 2012 | + + + + Cash- Accounts Receivable - Equipment + + Accumulated Depreciation Accounts Payable + Long-Term Bonds Payable Joe Bloe, Capital - + I f I f † † † † † + Dr. Cr. 10,0001 24,000 1 → 46,000 20,000 22,000 20,000 -...
8-2 APPLICATION PROBLEM Journalizing and posting closing entries Use the journal and general ledger accounts for Len's Laundry below. A partial work sheet for the month ended April 30 of the current year is shown below. BALANCE SHEET Cash a Accounts Recelvable-Natasha Goodlad - Accounts RecelvableR Henry " Supplies 760700 49800 43100 20000 Prepaid Insurance . Accounts Payable-Tri-County Supplies ' Accounts Payable West End Supply Co. -- tt-t- 38100 55500 6 52700 Leonard Long, Capital Leonard Long, Drawing , 1...
Instructions The unadjusted trial balance of Epicenter Laundry at June 30, 2019, the end of the fiscal year, follows: Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE CREDIT DEBIT 11,000.00 Cash 2 Laundry Supplies 21,500.00 Prepaid Insurance 9.600.00 Laundry Equipment 232,600.00 Accumulated Depreciation 125,400.00 11,800.00 Accounts Payable Sophie Perez Capital Sophie Perez Drawing 105,600.00 10,000.00 Laundry Revenue 232,200.00 125,200.00 Wages Expense 11. Rent Expense 40,000.00 12 Utilities Expense 19,700.00 13 Miscellaneous Expense 5,400.00 14 Totals 475,000.00 475,000.00 The...
prepare a post closing trial balance
Question 2 Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,570 Accounts Receivable 3,950 Supplies 600 Accounts Payable $1,500 Unearned Service Revenue Owner's Capital 4,710 Owner's Drawings Service Revenue 5,600 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 520 $12,500 O DO 170 N O $ U J.UU ) Prepare...
8-1 APPLICATION PROBLEM Journalizing and posting adjusting entries A journal and general ledger accounts for Len's Laundry are given below. A partial work sheet for the month ended April 30 of the current year is shown below. ADJUSTMENTS ACCOUNT TITLE DEBIT CREDIT (a) 45000 )200o0 Supplies Prepald Insurance Insurance Expense Supplles Expense ) 20000 14 Miscellaneous Expense a)45000 Use page 12 of the journal. Journalize and post the adjusting entries. 1. Application Problem 8-1 Aa Aa Page 12 JOURNAL Doc.Post....
Use the partial chart of accounts given here. For each closing entry described, decide which accounts are debited and credited. Enter Debit or Credit in the column of the appropriate accounts. Account Titles K. Schenk, Capital K. Schenk, Drawing Income Summary Account No. 310 320 330 410 510 520 Sales Advertising Expense Insurance Expense Supplies Expense 550 310 320 330 410 510 520 550 1-2. Closing entry for Sales. (p. 217) 3–4. Closing entry for all expense accounts. (p. 219)...
PSA3.2 Prepare adjusting entries, post to ledger accounts, and prepare adjusted trial balance. L03, 4, 5 The unadjusted trial balance at 30 June 2020 for Maxi Services Ltd is as follows MAXI SERVICES LTD Trial balance as at 30 June 2020 No. Account name Debit Credit 100 Cash 104 Accounts receivable 112 Prepaid insurance 113 Supplies 130 Office equipment 131 Accumulated depreciation 200 Accounts payable 213 Service revenue received in advance 300 Share capital 310 Retained earnings 400 Service revenue...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018, The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expenso Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and...
adjusting Entries, closing entries, general ledger, worksheet,
income statement, balance sheet and post closing trial balance
sheet
CUN Ice. P4.5A (LO 1, 2, 4) Anya Clark opened Anya's Cleaning Service on July 1, 2020. During July, the fol- lowing transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for $12,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $2,100 on account. 5 Paid $1,800 cash on a 1-year...
2.- Below is the post-closing trial balance for Acme Uniforms Laundry, a sole proprietorship laundry specializing in uniforms. These are beginning balances for the year: Acme Uniforms Laundry Post-Closing Trial Balance December 31, 2012 | + + + + Cash- Accounts Receivable - Equipment + + Accumulated Depreciation Accounts Payable + Long-Term Bonds Payable Joe Bloe, Capital - + I f I f † † † † † + Dr. Cr. 10,0001 24,000 1 → 46,000 20,000 22,000 20,000 -...
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