Account | Debit | Credit | ||||
cash | 28550 | |||||
common stock | 69000 | |||||
supplies | 500 | |||||
Equipment | 11,800 | |||||
Accounts payable | 500 | |||||
Service revenue | 11900 | |||||
land | 33000 | |||||
Accounts receivable | 2100 | |||||
advertising expense | 560 | |||||
utility expense | 390 | |||||
Salary expense | 2,500 | |||||
Dividends | 2,000 | |||||
total | 81400 | 81400 | ||||
the difference is in cash accounts | ||||||
T-Account | ||||||
Cash | ||||||
2-Aug | 69,000 | 7-Aug | 33,000 | |||
4-Aug | 5,600 | 16-Aug | 11800 | |||
18-Aug | 1,200 | 17-Aug | 560 | |||
29-Aug | 3,000 | 22-Aug | 390 | |||
31-Aug | 2,500 | |||||
31-Aug | 2000 | |||||
end bal | 28,550 | |||||
The trial balance does not balance. I have calculated several times. Clor tiount Cast AIR 2ano...
how to solve the next question? for the T-account P2-61A. (Learning Objectives 4,5: Journalize and post transactions; prepare a trial bal- ance) During the first month of operations, Cloutier Services, Inc., completed the following transactions: Aug 2 Cloutier Services received $69,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $500, and equipment, $11,800, on account. 4 Performed services for a customer and received cash, $5,600. 7 Paid cash to acquire land, $33,000 11 Performed services for a...
Journal entries, t-accounts and Trial balance Question Help During the first month of operations. Smith Services, Inc., completed the following transactions (Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries) Od 2. Smith Services received $65,000 cash and issued common stock to the stockholders Journal Entry Accounts Date Debit Credit try)...
please check my answers if wrong please solve question LBL200 LJU Requirement 3. Prepare the trial balance of Johnson Services, Inc., at May 31 of the current year. Select the accounts that will appear in the trial balance. Then enter the account balances and total the debits and credits Review the account balances prepared in a previous step Johnson Services, Inc. Trial Balance May 31 0 More Info Account Debit Credit Cash 19190 Accounts receivable May 2 Johnson Services received...
create 1 journal entry for each date (12 total entries) More Info Oct 2 Gagne Services received $65,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $600, and equipment, $12,100, on account. 4 Performed services for a customer and received cash, $5,500. 7 Paid cash to acquire land, $37,000. 11 Performed services for a customer and billed the customer, $4,300. Gagne expects to collect within one month. 16 Paid for the equipment purchased October 3 on account....
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $ 2,600 Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense 11,700 17,000 1,600 1,900 400 21 200 21200 Print Done AL in More Info 2 Borrowed $46,000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000...
The trial balance of My Motor, Inc. on March 1, 20XX, lists the entity’s assets, liabilities, and owner’s equity on that date. Balance Account Title Debit Credit Cash 26,000 Accounts receivable 4,500 Accounts payable 2,000 Common Stock 20,500 Retained earnings 8,000 Total 30,500 30,500 During March, the business engaged in the following transactions: a. Borrowed $45,000 from the bank and signed a note payable in the name of the business. b. Paid cash of $40,000 to acquire land. c. Performed...
3366 Homework The trial balance of My Motor, Inc. on March 1, 20XX, lists the entity's assets, liabilities, and owner's equity on that date. Balance Debit Credit Cash Accounts receivable Accounts payable Common Stock Retained carnings8,000 26,000 4,500 2,000 20,500 Total 30,50030,500 During March, the business engaged in the following transactions: a. Borrowed $45,000 from the bank and signed a note payable in the name of the business. b. Paid cash of $40,000 to acquire land. c. Performed service for...
More Info Oct 2 Johnson Services received $65,000 cash and issued common stock to the stockholders 3 Purchased supplies, $700, and equipment, $12,300, on account. 4 Performed services for a customer and received cash, $5,700 7 Paid cash to acquire land, $35,000. 11 Performed services for a customer and billed the customer, $3,100. Johnson expects to collect within one month. 16 Paid for the equipment purchased October 3 on account. 17 Paid for newspaper advertising, $620 18 Received partial payment...
The CCBC Corporation had the following opening trial balance at the beginning of its fiscal year, July 1, 2018: Debit Credit Cash $ 7,700 Accounts receivable 6,600 Supplies 1,200 Equipment 13,800 Accumulated depreciation—equipment $ 5,500 Unearned revenue 2,750 Common shares 6,000 Retained earnings 15,050 Totals $ 29,300 $ 29,300 During the month of July, the following selected transactions took place: July 2 Paid $1,000 for two months’ rent in advance for July and August. 7 Purchased $200 of supplies on...
Needs help with this questions please!! Below is the trial balance of Slowcombe Services on September 30, 2014 SLOWCOMBE SERVICES Trial Balance September 30, 2014 Debit Credit Cash Accounts receivable Supplies Equipment Accounts payable Unearned revenue W. Slowcombe, capital $7,620 2,650 2,230 7,780 $5,350 850 14,080 $20.280 $20,280 The October transactions were as follows: Oct. 5 Received $1,050 in cash from customers for accounts receivable due 10 Billed customers for services performed in the amount of $5,370 15 Paid employee...