Homework Answers
Use the following to answer questions 10-13 Indicate which of the following accounts should be debited...
Use the following to answer questions 10-13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)...See below. Only include the letter of the account not the account name. A Accounts payable B. Accounts receivable C Cash D. Common stock E. Dividends F. Equipment G. Notes payable H. Prepaid rent L. Rent expense J. Retained earnings...
I need help with 21 -27 Use the following to answer questions 21– 27 LIABILITIES &...
I need help with 21 -27
Use the following to answer questions 21– 27 LIABILITIES & INCOME STATEMENT ASSETS STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable ACCOUNTS A. Cash K. Service Revenue L. Advertising expense B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment H. Deferred revenue M. Rent Expense N. Salaries/Wage expense O. Utilities expense I. Notes Payable J. Retained Earnings February 1st transaction is completed as an example: Only include the letter of the account not...
Use the following to answer questions 10 - 13 Indicate which of the following accounts should...
Use the following to answer questions 10 - 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash) see below. Only include the letter of the account not the account name. A Accounts payable E. Dividends 1. Rent expense M. Service revenue B Accounts receivable F. Equipment J. Retained earnings N. Supplies C. Cash G....
I need help with 14 - 20 Use the following to answer questions 14-20 Post each...
I need help with 14 - 20
Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Credit Credit Debit 10,000 Debit 1,000 1 10,000 1,000 Accounts receivable Service revenue Office Supplies Cash Deferred revenue...
[The following information applies to the questions displayed below. Vanishing Games Corporation (VGC) operates a massively...
[The following information applies to the questions displayed below. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10. At the start of January 2018, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings $2,860,000 202,000 19,200 905,000 518,000 1,100,000 143,000 110,000 69,000 2,000,000 2,482,200 In addition...
Post each transaction to T-accounts and compute the end balance of each account. Consider the recorded...
Post each transaction to T-accounts and compute the end balance
of each account.
Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies Accounts Payable 1,900 9,400 3. Cash Accounts Receivable 9,400 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,900 2,900 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions...
Required information The following information applies to the questions displayed below) Vanishing Games Corporation (VGC) operates...
Required information The following information applies to the questions displayed below) Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2018, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies pent Building Land Accounts Payable Deferred Revenue Notes Payable due 2025) Common stock Retained Earnings $1,590.000 265,000 17,800 922.000 435,000 1,250.000 137.000 140,000 01.000 2.800,000 1,301.800...
JUI Yuu Below are account balances of Ducks Company at the end of September. Accounts Balances...
JUI Yuu Below are account balances of Ducks Company at the end of September. Accounts Balances Accounts Cash $20,500 Retained Earnings Accounts Receivable 13,100 Dividends Supplies 6,100 Service Revenue Prepaid Insurance 4,100 Salaries Expense Equipment 23,500 Insurance Expense Accounts Payable 6,100 Advertising Expense Salaries Payable 3,100 Supplies Expense Utilities Payable 1,100 Entertainment Expense Deferred Revenue 8,100 Utilities Expense Common Stock 24,500 Balances $12,100 3,100 ? 8,100 7,100 1,100 9,100 5,100 1,100 Required: Prepare a trial balance by placing amounts in...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
Journalize the February transactions credit account titles are automatically indented when amount...
Need answers for part d. Thank you.
We were unable to transcribe this imageJournalize the February transactions credit account titles are automatically indented when amount is entered. Do not indent maกually. Ifo entry is required select journal entries in the order presented in the problem.) No Entry for the account titles and enter 0 for the amounts. Record Date Account Titles and Explanation Debit Feb. 1 Cash 13260 Common Stock Paid-in Capital in Excess of Par Value-Common St 7260 (To...
Use the following to answer questions 10-13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)...See below. Only include the letter of the account not the account name. A Accounts payable B. Accounts receivable C Cash D. Common stock E. Dividends F. Equipment G. Notes payable H. Prepaid rent L. Rent expense J. Retained earnings...
I need help with 21 -27
Use the following to answer questions 21– 27 LIABILITIES & INCOME STATEMENT ASSETS STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable ACCOUNTS A. Cash K. Service Revenue L. Advertising expense B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment H. Deferred revenue M. Rent Expense N. Salaries/Wage expense O. Utilities expense I. Notes Payable J. Retained Earnings February 1st transaction is completed as an example: Only include the letter of the account not...
Use the following to answer questions 10 - 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash) see below. Only include the letter of the account not the account name. A Accounts payable E. Dividends 1. Rent expense M. Service revenue B Accounts receivable F. Equipment J. Retained earnings N. Supplies C. Cash G....
I need help with 14 - 20
Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Credit Credit Debit 10,000 Debit 1,000 1 10,000 1,000 Accounts receivable Service revenue Office Supplies Cash Deferred revenue...
[The following information applies to the questions displayed below. Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10. At the start of January 2018, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings $2,860,000 202,000 19,200 905,000 518,000 1,100,000 143,000 110,000 69,000 2,000,000 2,482,200 In addition...
Post each transaction to T-accounts and compute the end balance
of each account.
Consider the recorded transactions below. Debit 7,600 Credit 1. Accounts Receivable Service Revenue 7,600 1,900 2. Supplies Accounts Payable 1,900 9,400 3. Cash Accounts Receivable 9,400 4. Advertising Expense Cash 1,100 1,100 5. Accounts Payable Cash 2,900 2,900 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions...
Required information The following information applies to the questions displayed below) Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2018, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies pent Building Land Accounts Payable Deferred Revenue Notes Payable due 2025) Common stock Retained Earnings $1,590.000 265,000 17,800 922.000 435,000 1,250.000 137.000 140,000 01.000 2.800,000 1,301.800...
JUI Yuu Below are account balances of Ducks Company at the end of September. Accounts Balances Accounts Cash $20,500 Retained Earnings Accounts Receivable 13,100 Dividends Supplies 6,100 Service Revenue Prepaid Insurance 4,100 Salaries Expense Equipment 23,500 Insurance Expense Accounts Payable 6,100 Advertising Expense Salaries Payable 3,100 Supplies Expense Utilities Payable 1,100 Entertainment Expense Deferred Revenue 8,100 Utilities Expense Common Stock 24,500 Balances $12,100 3,100 ? 8,100 7,100 1,100 9,100 5,100 1,100 Required: Prepare a trial balance by placing amounts in...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
Need answers for part d. Thank you.
We were unable to transcribe this imageJournalize the February transactions credit account titles are automatically indented when amount is entered. Do not indent maกually. Ifo entry is required select journal entries in the order presented in the problem.) No Entry for the account titles and enter 0 for the amounts. Record Date Account Titles and Explanation Debit Feb. 1 Cash 13260 Common Stock Paid-in Capital in Excess of Par Value-Common St 7260 (To...
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