Homework Answers
Dr Accounts Receivable Cr
| To Service Revenue | 1800 | By Cash | 1200 |
| By Balance | 600 |
Dr Service Revenue Cr
| By Accounts Receivable | 1800 | ||
| To Balance | 2900 | By Deferred Revenue | 1100 |
Dr Cash Cr
| To Accounts Receivable | 1200 | ||
| To Deferred Revenue | 1820 | By Balance | 3020 |
Dr Deferred Revenue Cr
| To Service Revenue | 1100 | By Cash | 1820 |
| To Balance | 720 |
Accounts Receivable = 600
Service Revenue = 2900
Cash Balance = 3020
Deferred Revenue = 720
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Given the following additional transactions calculate the ending balance of each of the following accounts after...
Calculator To start his own business, Kevin Clark put $30,000 of his personal cash into the...
Calculator To start his own business, Kevin Clark put $30,000 of his personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry Cash, Accounts Receivable, Service Revenue, and Deferred Revenue 1 Accounts Recervable Service Revenue 1.800 Cash Accounts Receivable Service Revee $ 33020 1,200 Accounts Receivable 1,200 3 Cash 1,820 1,100 1.100 O Type here to seardh
Post the following transactions to T-accounts and determine each account's ending balance. (Post entries in the...
Post the following transactions to T-accounts and determine each account's ending balance. (Post entries in the order displayed in the problem.) Credit Debit 2.800 2.800 4,000 No. Account Titles and Explanation 1. Supplies Accounts Payable 2. Accounts Receivable Service Revenue 3. Cash Accounts Receivable 4. Accounts Payable Cash 4,000 3,000 1,000 1,000 Cash Accounts Receivable Supplies Accounts Payable Service Revenue
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 9,300 9,300 2. Supplies...
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 9,300 9,300 2. Supplies Accounts Payable 1,350 1,350 3. Cash Accounts Receivable 8,300 0 8,300 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 1,800 1,800 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $1,500; Accounts Receivable, $2,300; Supplies, $210; Accounts Payable, $1,600; Deferred...
Assessment Progress Question #17 To start her own business, Patricia Gray put $29,000 of her personal...
Assessment Progress Question #17 To start her own business, Patricia Gray put $29,000 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted Cash, Unearned Revenue, Service Revenue, and Accounts Receivable Item Description Ref. Debit Credit 1 Caslh 1,700 Unearned Revenue 1,700 Cash Unearned Revenue Service Revenue Accounts Receivable 2 Unearned Revenue Service Revenue 1,230 1,230 3 Accounts Receivable 1,600...
Part A. Requirement #3 After posting all transactions, please calculate the ending balance for each t-account....
Part A. Requirement #3 After posting all transactions, please calculate the ending balance for each t-account. Then check your ending balances for each of the following accounts Cash $125 Repair Revenue $13,800 Interest Expense $ Wages Expense $5,000 ****If the ending balances do not match, complete the following steps: 1. 2. 3. Check your math Verify that you have posted your transactions correctly Re-evaluate your journal entries Part B, Requirement #6 After posting the adjusting entries, please calculate the ending...
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...
Consider the recorded transactions below. Credit Debit 9,000 1. Accounts Receivable Service Revenue 9,000 1,500 2....
Consider the recorded transactions below. Credit Debit 9,000 1. Accounts Receivable Service Revenue 9,000 1,500 2. Supplies Accounts Payable 1,500 8,600 3. Cash Accounts Receivable 8,600 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 2,100 2,100 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $1,800; Accounts Receivable, $2,600; Supplies, $240; Accounts Payable, $1,900; Deferred Revenue,...
Required information [The following information applies to the questions displayed below.] Below are several transactions for...
Required information [The following information applies to the questions displayed below.] Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Debit Credit Pay cash dividends of $770 to stockholders. Cash 1. 770 Dividends 770 Provide services on account for customers, $3,100. 2. Cash Service Revenue 3,100 3,100 Pay a $470 utilities bill for the current period. Utilities Expense Cash 3. 470 470 370 Receive...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies Accounts Payable 1,600 1,600 3. Cash Accounts Receivable 8,800 8,800 1,100 4. Advertising Expense Cash 5. Accounts Payable Cash 1,100 2,300 2,300 6. Cash Deferred Revenue 1,200 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 is: Cash, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue,...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 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 is: Cash, $2,000; Accounts Receivable, $2,800;...
Calculator To start his own business, Kevin Clark put $30,000 of his personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry Cash, Accounts Receivable, Service Revenue, and Deferred Revenue 1 Accounts Recervable Service Revenue 1.800 Cash Accounts Receivable Service Revee $ 33020 1,200 Accounts Receivable 1,200 3 Cash 1,820 1,100 1.100 O Type here to seardh
Post the following transactions to T-accounts and determine each account's ending balance. (Post entries in the order displayed in the problem.) Credit Debit 2.800 2.800 4,000 No. Account Titles and Explanation 1. Supplies Accounts Payable 2. Accounts Receivable Service Revenue 3. Cash Accounts Receivable 4. Accounts Payable Cash 4,000 3,000 1,000 1,000 Cash Accounts Receivable Supplies Accounts Payable Service Revenue
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 9,300 9,300 2. Supplies Accounts Payable 1,350 1,350 3. Cash Accounts Receivable 8,300 0 8,300 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 1,800 1,800 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $1,500; Accounts Receivable, $2,300; Supplies, $210; Accounts Payable, $1,600; Deferred...
Assessment Progress Question #17 To start her own business, Patricia Gray put $29,000 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted Cash, Unearned Revenue, Service Revenue, and Accounts Receivable Item Description Ref. Debit Credit 1 Caslh 1,700 Unearned Revenue 1,700 Cash Unearned Revenue Service Revenue Accounts Receivable 2 Unearned Revenue Service Revenue 1,230 1,230 3 Accounts Receivable 1,600...
Part A. Requirement #3 After posting all transactions, please calculate the ending balance for each t-account. Then check your ending balances for each of the following accounts Cash $125 Repair Revenue $13,800 Interest Expense $ Wages Expense $5,000 ****If the ending balances do not match, complete the following steps: 1. 2. 3. Check your math Verify that you have posted your transactions correctly Re-evaluate your journal entries Part B, Requirement #6 After posting the adjusting entries, please calculate the ending...
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...
Consider the recorded transactions below. Credit Debit 9,000 1. Accounts Receivable Service Revenue 9,000 1,500 2. Supplies Accounts Payable 1,500 8,600 3. Cash Accounts Receivable 8,600 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 2,100 2,100 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $1,800; Accounts Receivable, $2,600; Supplies, $240; Accounts Payable, $1,900; Deferred Revenue,...
Required information [The following information applies to the questions displayed below.] Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Debit Credit Pay cash dividends of $770 to stockholders. Cash 1. 770 Dividends 770 Provide services on account for customers, $3,100. 2. Cash Service Revenue 3,100 3,100 Pay a $470 utilities bill for the current period. Utilities Expense Cash 3. 470 470 370 Receive...
Consider the recorded transactions below. Debit 8,800 1. Accounts Receivable Service Revenue Credit 8,800 2. Supplies Accounts Payable 1,600 1,600 3. Cash Accounts Receivable 8,800 8,800 1,100 4. Advertising Expense Cash 5. Accounts Payable Cash 1,100 2,300 2,300 6. Cash Deferred Revenue 1,200 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 is: Cash, $2,000; Accounts Receivable, $2,800; Supplies, $260; Accounts Payable, $2,100; Deferred Revenue,...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 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 is: Cash, $2,000; Accounts Receivable, $2,800;...
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