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Use the following to answer questions 30 - 33 The following account balances appear in the...
I need help with 30-33 Use the following to answer questions 30 - 33 The following...
I need help with 30-33
Use the following to answer questions 30 - 33 The following account balances appear in the 20XC year-end POST-closing trial balance of BAC Corporation: Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Accounts Payable Notes Payable Common stock Retained earnings $50,000 30,000 300,000 600,000 200,000 35,000 250,000 300,000 30. $ Determine the total amount of debits that would be shown on the post-closing trial balance 31. $ Determine retained earnings that would be shown on the...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A - 20D (the first four years of operations). Determine their Ending Retained Earnings amount for each year. (Keep your answer"in millions" like the example) The Company (in Millions Ending Retained Year Net Income or (Loss Dividends Earnings 204 $5.55 $1.32 $4.23 20B $2.75 $1.55 ($0.10) $0.50 $1.25 od Use the following to answer questions 30-33 The following account balances appear in the 20xC...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A-200 (the first four years of operations). Determine their Ending Retained Earnings amount for each year. Keep your answer in milions like the example). The Company (in Millions) Ending Retained Earnings $4.23 Year Net Income or loss) 20A $5.55 20B BRE 4.23 $2.75 20C BEE 5.45 ($0.10) 200 BRE4.85 $1.25 5.93 Dividends $1.32 $1.55 $0.50 $1.00 4.93 5.08 Use the following to answer questions...
Use the following to answer questions 27-29 The company had the following Net Income (Loss) for...
Use the following to answer questions 27-29 The company had the following Net Income (Loss) for 20A-20D (the first four years of operations). Determ their Ending Retained Earnings amount for each year. (Keep your answer "in millions" like the example). The Company (in Millions) Ending Retained Earnings $4.23 Year Net Income or (Loss) Dividends $1.32 $1.55 20B $5.55 $2.75 ($0.10) $1.25 $0.50 1.2.0 file 25 $1.00 Use the following to answer questions 30 - 33 The following account balances appear...
Use the following to answer questions 20 - 26 The following are the year-end account balances...
Use the following to answer questions 20 - 26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies $15,000 20,000 200 1.000.000 200.000 Equipment Accumulated depreciation Accounts payable Notes payable 10,000 250,000 400,000 56.200 60,000 456,000 Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense 195.000 25 000 Miscellaneous expense 50,000 _Determine total expenses for the year _Determine net income for the year Determine...
Use the following to answer questions 20-26 The following are the year-end account balances for 20XC...
Use the following to answer questions 20-26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous ex pense $15,000 20,000 200 1,000,000 200,000 10,000 250,000 400,000 56,200 60,000 456,000 195,000 1,000 6,000 25,000 50,000 Determine total expenses for the year _Determine net income for the year Determine...
Use the following to answer questions 20-26 lowing are the year-end account balances for 20xC (prior...
Use the following to answer questions 20-26 lowing are the year-end account balances for 20xC (prior to closing) of BA Corporation: $15,000 20,000 A=LASE 200 RECS 1,000,000 200,000 10,000 250,000 400,000 RE+I-D Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense 56,200 Beginning 60,000 456,000 - 195,000 - 1.000 - 6,000 - 25,000 - 50,000 - 20. 5271000 Determine total expenses...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
there is no beiginning balance This Test: 100 Given the following account balances before closing entries,...
there is no beiginning balance
This Test: 100 Given the following account balances before closing entries, what would be the balance for Retained Earnings on the Post-Closing Trial Balance (assuming the beginning Retained Earnings balanc Dividends 20.000 Service Revenue 303,000 Salaries Expense 64.000 Depreciation Expense - Building and Equipment 6,300 Supplies Expense 14.000 Insurance Expense 16.100 Unities Expense 20.200 O A S181,600 OB. 5161,600 OC. $121,400 OD. $283.000 O Given the following account balances before closing entries, what would be...
I need help with 34-39 Use the following to answer questions 34 - 36 The year-end...
I need help with 34-39
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense Rent expense Interest expense Dividends $300,000 450,000 250,000 20,000 5,000 75,000 Prepare the closing entries. 34. $_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. $ In preparing the closing entries for the temporary accounts, how much should...
I need help with 30-33
Use the following to answer questions 30 - 33 The following account balances appear in the 20XC year-end POST-closing trial balance of BAC Corporation: Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Accounts Payable Notes Payable Common stock Retained earnings $50,000 30,000 300,000 600,000 200,000 35,000 250,000 300,000 30. $ Determine the total amount of debits that would be shown on the post-closing trial balance 31. $ Determine retained earnings that would be shown on the...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A - 20D (the first four years of operations). Determine their Ending Retained Earnings amount for each year. (Keep your answer"in millions" like the example) The Company (in Millions Ending Retained Year Net Income or (Loss Dividends Earnings 204 $5.55 $1.32 $4.23 20B $2.75 $1.55 ($0.10) $0.50 $1.25 od Use the following to answer questions 30-33 The following account balances appear in the 20xC...
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A-200 (the first four years of operations). Determine their Ending Retained Earnings amount for each year. Keep your answer in milions like the example). The Company (in Millions) Ending Retained Earnings $4.23 Year Net Income or loss) 20A $5.55 20B BRE 4.23 $2.75 20C BEE 5.45 ($0.10) 200 BRE4.85 $1.25 5.93 Dividends $1.32 $1.55 $0.50 $1.00 4.93 5.08 Use the following to answer questions...
Use the following to answer questions 27-29 The company had the following Net Income (Loss) for 20A-20D (the first four years of operations). Determ their Ending Retained Earnings amount for each year. (Keep your answer "in millions" like the example). The Company (in Millions) Ending Retained Earnings $4.23 Year Net Income or (Loss) Dividends $1.32 $1.55 20B $5.55 $2.75 ($0.10) $1.25 $0.50 1.2.0 file 25 $1.00 Use the following to answer questions 30 - 33 The following account balances appear...
Use the following to answer questions 20 - 26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies $15,000 20,000 200 1.000.000 200.000 Equipment Accumulated depreciation Accounts payable Notes payable 10,000 250,000 400,000 56.200 60,000 456,000 Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense 195.000 25 000 Miscellaneous expense 50,000 _Determine total expenses for the year _Determine net income for the year Determine...
Use the following to answer questions 20-26 The following are the year-end account balances for 20XC (prior to closing) of BA Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous ex pense $15,000 20,000 200 1,000,000 200,000 10,000 250,000 400,000 56,200 60,000 456,000 195,000 1,000 6,000 25,000 50,000 Determine total expenses for the year _Determine net income for the year Determine...
Use the following to answer questions 20-26 lowing are the year-end account balances for 20xC (prior to closing) of BA Corporation: $15,000 20,000 A=LASE 200 RECS 1,000,000 200,000 10,000 250,000 400,000 RE+I-D Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense 56,200 Beginning 60,000 456,000 - 195,000 - 1.000 - 6,000 - 25,000 - 50,000 - 20. 5271000 Determine total expenses...
For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 7,840 Prepaid Rent 2,280 Equipment 23,050 Accumulated Depreciation-Equip. 4,921 Notes Payable 5,700 Accounts Payable 4,920 Common Stock 20,000 Retained Earnings 7,960 Dividends 3,650 Service Revenue 15,590 Salaries and Wages Expense 10,840 Rent Expense 760 Depreciation Expense 671 Interest Expense 57 Interest Payable Totals 59,148 59,148 57 59,14859,148 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order...
there is no beiginning balance
This Test: 100 Given the following account balances before closing entries, what would be the balance for Retained Earnings on the Post-Closing Trial Balance (assuming the beginning Retained Earnings balanc Dividends 20.000 Service Revenue 303,000 Salaries Expense 64.000 Depreciation Expense - Building and Equipment 6,300 Supplies Expense 14.000 Insurance Expense 16.100 Unities Expense 20.200 O A S181,600 OB. 5161,600 OC. $121,400 OD. $283.000 O Given the following account balances before closing entries, what would be...
I need help with 34-39
Use the following to answer questions 34 - 36 The year-end adjusted trial balance of the Corporation included the following account balances: Retained earnings Service revenue Salaries expense Rent expense Interest expense Dividends $300,000 450,000 250,000 20,000 5,000 75,000 Prepare the closing entries. 34. $_ In preparing the closing entries for the temporary accounts, how much should Retained earnings be credited? 35. $ In preparing the closing entries for the temporary accounts, how much should...
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