Since, multiple questions have been posted, I have answered the first one (Ricardo Company Trial Balance).
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Problem 3-31A
The corrected trial balance is prepared as below:
Ricardo Company | ||
Trial Balance | ||
April 30, 2016 | ||
Account Title | Debit | Credit |
Cash (68,900 - 650 + 560 + 900) | 69,710 | |
Accounts Receivable (30,000 - 900) | 29,100 | |
Supplies | 1,800 | |
Prepaid Insurance | 3,600 | |
Land | 12,000 | |
Accounts Payable (9,600 + 600) | 10,200 | |
Common Stock | 100,000 | |
Retained Earnings | 27,510 | |
Dividends | 8,000 | |
Service Revenue | 60,000 | |
Rent Expense (9,600 + 500) | 10,100 | |
Salaries Expense (31,500 - 500) | 31,000 | |
Operating Expense | 32,400 | |
Totals | $197,710 | $197,710 |
The Double-Enbry Accounting System Prablem 3-31A feef errors ow the rial belance The following trial balance...
Exercise 3-18B.
shift Z 195 sh Flow The Double-Entry Accounting System Exercise 3-18B Recording events in T-accounts and preparing a trial balance LO 3-1, 3-3 The following events apply to Perry Carpet Cleaners in Year 1, its first year of operations: 1. Received $45,000 cash from the issue of common stock. 2. Earned $37,500 of service revenue on account. 3. Incurred $15,000 of operating expenses on account. 4. Received $30,000 cash for performing services. 5. Paid $12,000 cash to purchase...
The Double-Enbry Accounting System What asount of lubilicics would Rayanort on the 2906 halance sheet Exercise 3-12A ng a T-accosat to deternine cesh flow from apenating activiies River Ca began the acounting period wih a 5332.000 debit balance in its Aceunts Rocble LO 3-1 account. During the ccounting period, Rivar Ce camed nevenue on account o $180,0 The ding Accots Raccivahle balance was 51160o0 Required on this informuation alonc determine the durmg the awreeting pried 48w Use a Two "โศ~ww.ts...
Need a trial balance done.
Not Secure Weygandt, Accounting Principles, 13e Help I System Announcements RCES Problem 2-02A a-c (Part Level Submission) (Video) Vera Ernst is a licensed dentist. During the first month of the operation of her business, the fo April 1 Invested $19,000 cash in her business. rk c (Part 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly. 2 Paid office rent for the month $1,200. 3 Purchased dental supplies on account from...
3. (15 points) (Adjusting Entries and Financial Statements) The following are the trial balance and the other information related to Yorkis Perez, a consulting engineer. YORKIS PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2014 Debit Credit Cash $ 44,500 Accounts Receivable 49,600 Allowance For Doubtful Accounts $ 750 Inventory 1,960 Prepaid Insurance 1,100 Prepaid Rent 3,750 Equipment 25,000 Accumulated Depreciation Equipment 6,250 Unearned Revenue 15,000 Notes Payable 7,200 Owner's Capital 35,010 Service Revenue 103,750 Rent Expense 9,750 Salaries and Wages...
Exercise 3-10 Preparing closing entries and a post-closing trial balance LO P7, P8 The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No. Account Title Debit Credit 101 Cash $18,000 126 Supplies 9,800 128 Prepaid insurance 2,000 167 Equipment 23,000 168 Accumulated depreciation-Equipment $ 6,500 307 Common stock 9,790 318 Retained earnings 35,600 319 Dividends 6,000 404 Services revenue 32,400 612 Depreciation expense-Equipment 2,000 622 salaries expense 18,889 637 Insurance expense...
Exercise 3-11B
W caps lock A S shift Z Х 193 The Double-Entry Accounting System d. Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 1? e. What amount of unearned revenue would Jones report on the December 31, Year 1, balance sheet? LO 3-1 Exercise 3-12B Using a T-account to determine cash flow from operating activities Barnes Inc. began the accounting period with...
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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 5,380 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 10,890 7,180 The...
Transaction Entries, Posting, Trial Balance, and Adjusting Entries:
Market-Tech, a market research firm, had the following transactions
in June, its first month of operations.
4 expense for June is $320. P P3-2B. Transaction Entries, Posting, Trial Balance, and Adjusting Entries Market-Tech, a market search firm, had the following transactions in June, its first month of operations. I J. Witson invested $28,000 of personal funds in the firm in exchange for common stock. 2 The firm purchased the following from an...
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...