Carla Vista Co.'s trial balance reflected the following account balances at December 31, 2017: Accounts receivable...
Carla Vista Co.'s trial balance reflected the following account
balances at December 31, 2017:
| Accounts receivable (net) | $36000 | ||
| Trading securities | 11500 | ||
| Accumulated depreciation on equipment and furniture | 31500 | ||
| Cash | 30500 | ||
| Inventory | 61000 | ||
| Equipment | 51000 | ||
| Patent | 7300 | ||
| Prepaid expenses | 3800 | ||
| Land held for future business site | 35500 |
In Carla Vista’s December 31, 2017 balance sheet, the current
assets total is
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Carla Vista Co.'s trial balance reflected the following account balances at December 31, 2017: Accounts receivable...
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net)...
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Short-term trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $38,000 12,000 30,000 32,000 60,000 50,000 8,000 4,000 36,000 In Stine's December 31, 2020 balance sheet, the current assets total is O $146,000. $154,000. $180,000. $164,000.
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net)....
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net). $82,000 Trading securities. 14,000 Accumulated depreciation on equipment and furniture. 30,000 Cash 20,000 Inventory 54,000 Equipment 50,000 Patent 8,000 Prepaid expenses 3,000 Land held for future business site. 36,000 In Ashley's December 31, 2021 statement of financial position, the current assets total is $147,000 $209,000 Ob. $173.000 Ос. $181,000 Od
Carla Vista Co.’s balance sheet at December 31, 2021, is presented below. Carla Vista Co. Balance...
Carla Vista Co.’s balance sheet at December 31, 2021, is presented below. Carla Vista Co. Balance Sheet December 31, 2021 Cash $14,080 Accounts payable $8,620 Accounts receivable 21,100 Common stock 19,000 Allowance for doubtful accounts (850) Retained earnings 16,510 Inventory 9,800 $44,130 $44,130 During January 2022, the following transactions occurred. Carla Vista uses the perpetual inventory method. Jan. 1 Carla Vista accepted a 4-month, 8% note from Betheny Company in payment of Betheny’s $3,600 account. 3 Carla Vista wrote off...
Comprehensive Accounting Cycle Review 6 On December 1, 2017, Carla Vista Co. had the account balances...
Comprehensive Accounting Cycle Review 6
On December 1, 2017, Carla Vista Co. had the account balances
shown below.
Debits
Credits
Cash
$4,640
Accumulated Depreciation—Equipment
$1,380
Accounts Receivable
3,760
Accounts Payable
2,900
Inventory (2,700 x $0.50)
1,350
Common Stock
10,800
Equipment
19,400
Retained Earnings
14,070
$29,150
$29,150
The following transactions occurred during December.
Dec. 3
Purchased 3,700 units of inventory on account at a cost of
$0.78 per unit.
5
Sold 4,100 units of inventory on account for $0.90 per unit....
the adjusted trial balance of carla vista company at december 31, 2020, includes the following account...
the adjusted trial balance of carla vista company at december 31, 2020, includes the following account : owners capital 16,900, owners drawins 7200, service revenue 38600, salaries and wages expense 16500, i surance expense 3000, rent expense 4300,supplies expense 1100, and depeeciation expense 1900, prepare an income statement for the year.
Carla Vista Co.'s balance sheet at December 31, 2021, is presented below.
Carla Vista Co.'s balance sheet at December 31, 2021, is presented below. During January 2022, the following transactions occurred. Carla Vista uses the perpetual inventory method.Jan. 1 Carla Vista accepted a 4-month, 8% note from Betheny Company in payment of Betheny's $3,600 account. 3 Carla Vista wrote off as uncollectible the accounts of Walter Corporation ($400) and Drake Company ($300). 8 Carla Vista purchased $15,770 of inventory on account. 11 Carla Vista sold for $26,900 on account inventory that cost $16,660. 15 Carla Vista sold...
CALCULATOR Exercise 4-14 a The adjusted trial balance for Carla Vista Bowling Alley at December 31,...
CALCULATOR Exercise 4-14 a The adjusted trial balance for Carla Vista Bowling Alley at December 31, 2020, contains the following accounts. FULL SCREEN PRINTER VERSION 4 BACK Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $128,200 14,000 5,000 18,600 Credits Owner's Capital Accumulated Depreciation Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue 62,200 66,600 900 6,700 2,900 $305,100 $117,400 12,600 11,300 97,000 17,800 2,000 17,000 $305,100 (a) Prepare a classified...
Comprehensive Accounting Cycle Review 6 On December 1, 2017, Carla Vista Co. had the account balances...
Comprehensive Accounting Cycle Review 6 On December 1, 2017, Carla Vista Co. had the account balances shown below. Debits Credits Cash $4,640 Accumulated Depreciation—Equipment $1,380 Accounts Receivable 3,760 Accounts Payable 2,900 Inventory (2,700 x $0.50) 1,350 Common Stock 10,800 Equipment 19,400 Retained Earnings 14,070 $29,150 $29,150 The following transactions occurred during December. Dec. 3 Purchased 3,700 units of inventory on account at a cost of $0.78 per unit. 5 Sold 4,100 units of inventory on account for $0.90 per unit....
Brief Exercise 4-05 Carla Vista Co.'s trial balance at December 31 shows Supplies $8,780 and Supplies...
Brief Exercise 4-05 Carla Vista Co.'s trial balance at December 31 shows Supplies $8,780 and Supplies Expense $0. on December 31, there are $2,120 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 Using T-accounts, enter...
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable...
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,700 Inventories 42,000 Patent 12,500 Investments 30,700 Prepaid insurance 6,700 Note receivable, due 2021 51,800 Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Janson’s December 31, 2018, balance sheet? Multiple Choice $ 140,550. $ 92,100. $ 88,750. $ 58,050.
Stine Corp.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) Short-term trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $38,000 12,000 30,000 32,000 60,000 50,000 8,000 4,000 36,000 In Stine's December 31, 2020 balance sheet, the current assets total is O $146,000. $154,000. $180,000. $164,000.
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net). $82,000 Trading securities. 14,000 Accumulated depreciation on equipment and furniture. 30,000 Cash 20,000 Inventory 54,000 Equipment 50,000 Patent 8,000 Prepaid expenses 3,000 Land held for future business site. 36,000 In Ashley's December 31, 2021 statement of financial position, the current assets total is $147,000 $209,000 Ob. $173.000 Ос. $181,000 Od
Comprehensive Accounting Cycle Review 6
On December 1, 2017, Carla Vista Co. had the account balances
shown below.
Debits
Credits
Cash
$4,640
Accumulated Depreciation—Equipment
$1,380
Accounts Receivable
3,760
Accounts Payable
2,900
Inventory (2,700 x $0.50)
1,350
Common Stock
10,800
Equipment
19,400
Retained Earnings
14,070
$29,150
$29,150
The following transactions occurred during December.
Dec. 3
Purchased 3,700 units of inventory on account at a cost of
$0.78 per unit.
5
Sold 4,100 units of inventory on account for $0.90 per unit....
CALCULATOR Exercise 4-14 a The adjusted trial balance for Carla Vista Bowling Alley at December 31, 2020, contains the following accounts. FULL SCREEN PRINTER VERSION 4 BACK Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $128,200 14,000 5,000 18,600 Credits Owner's Capital Accumulated Depreciation Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue 62,200 66,600 900 6,700 2,900 $305,100 $117,400 12,600 11,300 97,000 17,800 2,000 17,000 $305,100 (a) Prepare a classified...
Brief Exercise 4-05 Carla Vista Co.'s trial balance at December 31 shows Supplies $8,780 and Supplies Expense $0. on December 31, there are $2,120 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 Using T-accounts, enter...
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