Homework Answers
| Len's Laundry | ||||
| Balance Sheet | ||||
| As at August 31 | ||||
| Liabilities | Assets | |||
| Current Liabilities | Current Assets | |||
| Accts. Pay. | 936 | Cash | 7607 | |
| Accts. Rec. | 1198 | |||
| Owner's Equity | Supplies | 431 | ||
| Leonard Long.Capital | 6527 | Prepaid Insurance | 200 | |
| Leonard Long.Drawing | -1000 | |||
| Net income | 2973 | |||
| Total owner's Equity | 8500 | |||
| Total Liabilities | 9436 | Total assets | 9436 | |
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please I need the full solution.. not a small part of the solution 7-2 APPLICATION PROBLEM...
7-2 APPLICATION PROBLEM Preparing a balance sheet A form is given below. The following information is...
7-2 APPLICATION PROBLEM Preparing a balance sheet A form is given below. The following information is obtained from the work sheet of Len's Laundry for the month ended August 31 of the current year. ACCOUNT TITLE BALANCE SHEET DEBIT CREDIT Cash Accts. Rec.-Natasha Goodlad Accts. Rec.-R. Henry Supplies 760700 70000 49800 43 100 20000 s Prepald Insurance Acts. Pay-Tri-County Supplies Accts. Pay-West End Supply Co. 38 100 55500 7 65 2700 8 이 Leonard Long, Capital 이 Leonard Long, Drawing...
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...
7-1 APPLICATION PROBLEM Preparing an income statement A form is given below. The following information is...
7-1 APPLICATION PROBLEM Preparing an income statement A form is given below. The following information is obtained from the work sheet of Len's Laundry for the month ended August 31 of the current year. INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT 623300 Sales 12 Advertising Expense s Insurance Expense 4 Miscellaneous Ex pense 80000 31500 45000 149500 13 14 15 16 Supplies Expense Utilitles Expense 1 326000 623300 1043600 746300 7 17 29 73 00 297300 18...
7-1 APPLICATION PROBLEM İtamar AUTOMATED ACCOUNTIHG Preparing an income statement A form is given in the...
7-1 APPLICATION PROBLEM İtamar AUTOMATED ACCOUNTIHG Preparing an income statement A form is given in the Working Papers. The following information is obtained from the work sheet of Len's Laundry for the month ended August 31 of the current year. INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Sales 6 23300 12 Advertising Expense 80000 20000 31500 45000 1495 00 12 Insurance Expense Miscellaneous Expense Supplies Expense Utilities Expense 4 326000 623300 1043600 746300 17 29 73008 623300...
8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry...
8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry below. A form to complete a post-closing trial balance is given below Prepare a post-closing trial balance for Len's Laundry on April 30 of the current year. NOCOUNT Cash OCOUNT NO 110 c Accounts Receivable Natasha Goodlad Apr 30 Balance Apr 30 Balance c Accounts Receivable-R. Henry MOCOUNT NO 140 ies GCOUNT NO 150 EALANG ApT.30 Balance Apr 30 Balance G12 45 010에 1431|...
7-2 APPLICATION PROBLEM Preparing a balance sheet A form is given below. The following information is obtained from the work sheet of Len's Laundry for the month ended August 31 of the current year. ACCOUNT TITLE BALANCE SHEET DEBIT CREDIT Cash Accts. Rec.-Natasha Goodlad Accts. Rec.-R. Henry Supplies 760700 70000 49800 43 100 20000 s Prepald Insurance Acts. Pay-Tri-County Supplies Accts. Pay-West End Supply Co. 38 100 55500 7 65 2700 8 이 Leonard Long, Capital 이 Leonard Long, Drawing...
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...
7-1 APPLICATION PROBLEM Preparing an income statement A form is given below. The following information is obtained from the work sheet of Len's Laundry for the month ended August 31 of the current year. INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT 623300 Sales 12 Advertising Expense s Insurance Expense 4 Miscellaneous Ex pense 80000 31500 45000 149500 13 14 15 16 Supplies Expense Utilitles Expense 1 326000 623300 1043600 746300 7 17 29 73 00 297300 18...
7-1 APPLICATION PROBLEM İtamar AUTOMATED ACCOUNTIHG Preparing an income statement A form is given in the Working Papers. The following information is obtained from the work sheet of Len's Laundry for the month ended August 31 of the current year. INCOME STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT Sales 6 23300 12 Advertising Expense 80000 20000 31500 45000 1495 00 12 Insurance Expense Miscellaneous Expense Supplies Expense Utilities Expense 4 326000 623300 1043600 746300 17 29 73008 623300...
8-3 APPLICATION PROBLEM Preparing a post-closing trial balance Use the general ledger accounts for Len's Laundry below. A form to complete a post-closing trial balance is given below Prepare a post-closing trial balance for Len's Laundry on April 30 of the current year. NOCOUNT Cash OCOUNT NO 110 c Accounts Receivable Natasha Goodlad Apr 30 Balance Apr 30 Balance c Accounts Receivable-R. Henry MOCOUNT NO 140 ies GCOUNT NO 150 EALANG ApT.30 Balance Apr 30 Balance G12 45 010에 1431|...
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