Question 9 home work A company's first fiscal year-end is December 31, year 1. The following...
Question 9 home work
A company's first fiscal year-end is December 31, year 1. The following is a partial adjusted trial balance as of December 31
Accounts Debits Credits
retained earnings $19,000
dividends $ 1,900
service revenue 39,000
interest revenue 4,900
salaries expense 13,900
rent expense 4,900
advertising expense 1,900
depreciation expense 9,900
interest expense 3,900
Journal
close revenue accounts
close expense accounts
close dividends accounts
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Question 9 home work
A company's first fiscal year-end is December 31, year 1. The
following...
CH 1-3) Saved Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial...
CH 1-3) Saved Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjuste Debit Credit $19,000 $ 1,900 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 39,000 4.900 13.900 4.900 1,900 9,900 3,900 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/even Required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close...
Check my work 9 Howarth Company's fiscal year-end is December 31. Below are the unadjusted and...
Check my work 9 Howarth Company's fiscal year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2018 Unadjusted idjusted Debits Credits Debits Credits Account Title Cash Accounts receivable Prepaid rent Supplies Inventory Note receivable Interest receivable Office equipment Accumulated depreciation Accounts payable Salaries and wages payable Note payable Interest payable Deferred rent revenue Common stock Retained earnings Sales revenue Rent revenue Interest revenue Cost of goods sold Salaries and wages expense Rent expense Depreciation...
A company's fiscal year-end is December 31, Year 1. The following is an adjusted trial balance...
A company's fiscal year-end is December 31, Year 1. The following
is an adjusted trial balance as of December 31.
A company's fiscal year-end is December 31, Year 1. The following is an adjusted trial balance as of December 31. Credit Debit $ 11,600 37,000 28,000 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 2,600 26,000 38,000 8,600 3,600 54,400 19,600 12,600...
American Chip Corporation’s fiscal year-end is December 31. The following is a partial adjusted trial balance...
American Chip Corporation’s fiscal year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2018. Account Title Debits Credits Retained earnings 84,000 Sales revenue 790,000 Interest revenue 5,000 Cost of goods sold 440,000 Salaries expense 140,000 Rent expense 19,000 Depreciation expense 34,000 Interest expense 5,400 Insurance expense 6,400 Required: Prepare the necessary closing entries at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first...
Exercise 3-17A Record closing entries (LO3-6) Seminoles Corporation's fiscal year-end is December 31, 2021. The following...
Exercise 3-17A Record closing entries (LO3-6) Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Debit Credit $25,000 $ 2,500 45,000 5,500 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,500 5,500 2,500 10,500 4,500 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first...
Laker Incorporated’s fiscal year-end is December 31, 2021. The following is an adjusted trial balance as...
Laker Incorporated’s fiscal year-end is December 31, 2021. The
following is an adjusted trial balance as of December
31.
Accounts
Debit
Credit
Cash
$
11,700
Supplies
37,500
Prepaid
Rent
28,500
Accounts
Payable
$
2,700
Notes
Payable
27,000
Common
Stock
38,500
Retained
Earnings
8,700
Dividends
3,700
Service
Revenue
54,300
Salaries
Expense
19,700
Advertising
Expense
12,700
Rent
Expense
9,700
Utilities
Expense
7,700
Totals
$
131,200
$
131,200
note: "income" is not an option for journal entries
Journal entry worksheet < 1...
Seminoles Corporation's fiscal year-end is December 31, 2018. The following is a partial adjusted trial balance...
Seminoles Corporation's fiscal year-end is December 31, 2018. The following is a partial adjusted trial balance as of December 31 Accounts Debit Credit $15,000 Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense $1,500 35,000 4,500 13,500 4,500 1,500 9,500 3,500 Required 1. Prepare the necessary closing entries. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.)
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance...
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $50,000 Dividends $ 2,500 Service Revenue 45,000 Interest Revenue 3,000 Salaries Expense 23,000 Rent Expense 8,000 Show the necessary closing entries for Dividends account Debit Retained Earnings and credit Dividends for $2,500 Debit Dividends and credit Retained Earnings for $2,500 Debit Dividends and credit Cash for $2,500 Debit Cash and credit Dividends for $23,000 Seminoles...
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of D...
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Debit Credit $20,000 $ 2,000 40,000 5,000 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,000 5,000 2,000 10,000 4,000 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Seminoles Corporation’s fiscal year-end is December 31, 2018. The following is a partial adjusted trial balance...
Seminoles Corporation’s fiscal year-end is December 31, 2018. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $ 22,000 Dividends $ 2,200 Service Revenue 42,000 Interest Revenue 5,200 Salaries Expense 14,200 Rent Expense 5,200 Advertising Expense 2,200 Depreciation Expense 10,200 Interest Expense 4,200 Required: 1. Prepare the necessary closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Calculate...
CH 1-3) Saved Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjuste Debit Credit $19,000 $ 1,900 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 39,000 4.900 13.900 4.900 1,900 9,900 3,900 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/even Required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close...
Check my work 9 Howarth Company's fiscal year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2018 Unadjusted idjusted Debits Credits Debits Credits Account Title Cash Accounts receivable Prepaid rent Supplies Inventory Note receivable Interest receivable Office equipment Accumulated depreciation Accounts payable Salaries and wages payable Note payable Interest payable Deferred rent revenue Common stock Retained earnings Sales revenue Rent revenue Interest revenue Cost of goods sold Salaries and wages expense Rent expense Depreciation...
A company's fiscal year-end is December 31, Year 1. The following
is an adjusted trial balance as of December 31.
A company's fiscal year-end is December 31, Year 1. The following is an adjusted trial balance as of December 31. Credit Debit $ 11,600 37,000 28,000 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 2,600 26,000 38,000 8,600 3,600 54,400 19,600 12,600...
Exercise 3-17A Record closing entries (LO3-6) Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Debit Credit $25,000 $ 2,500 45,000 5,500 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,500 5,500 2,500 10,500 4,500 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first...
Laker Incorporated’s fiscal year-end is December 31, 2021. The
following is an adjusted trial balance as of December
31.
Accounts
Debit
Credit
Cash
$
11,700
Supplies
37,500
Prepaid
Rent
28,500
Accounts
Payable
$
2,700
Notes
Payable
27,000
Common
Stock
38,500
Retained
Earnings
8,700
Dividends
3,700
Service
Revenue
54,300
Salaries
Expense
19,700
Advertising
Expense
12,700
Rent
Expense
9,700
Utilities
Expense
7,700
Totals
$
131,200
$
131,200
note: "income" is not an option for journal entries
Journal entry worksheet < 1...
Seminoles Corporation's fiscal year-end is December 31, 2018. The following is a partial adjusted trial balance as of December 31 Accounts Debit Credit $15,000 Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense $1,500 35,000 4,500 13,500 4,500 1,500 9,500 3,500 Required 1. Prepare the necessary closing entries. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.)
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $50,000 Dividends $ 2,500 Service Revenue 45,000 Interest Revenue 3,000 Salaries Expense 23,000 Rent Expense 8,000 Show the necessary closing entries for Dividends account Debit Retained Earnings and credit Dividends for $2,500 Debit Dividends and credit Retained Earnings for $2,500 Debit Dividends and credit Cash for $2,500 Debit Cash and credit Dividends for $23,000 Seminoles...
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31. Debit Credit $20,000 $ 2,000 40,000 5,000 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 14,000 5,000 2,000 10,000 4,000 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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