Homework Answers
| Trial balance (Unadjusted) | ||
| Trial balance | Debit | Credit |
| Cash | $68,500 | |
| Account receivable | $8,500 | |
| Supplies | $510 | |
| Land | $13,500 | |
| Account payable | $3,950 | |
| Unearned revenue | $1,550 | |
| Common stock | $41,000 | |
| Dividends | $6,100 | |
| Service revenue | $67,050 | |
| Operating expense | $15,500 | |
| Supplies expense | $940 | |
| $113,550 | $113,550 | |
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accounts? Trial Balance?
The following events apply to Complete Business Service in 2018, its first...
The following events apply to Complete Business Service in 2018, its first year of operations: Received...
The following events apply to Complete Business Service in 2018, its first year of operations: Received $30,000 cash from the issue of common stock. Earned $25,000 of service revenue on account. Incurred $10,000 of operating expenses on account. Received $20,000 cash for performing services. Paid $8,000 cash to purchase land. Collected $22,000 of cash from accounts receivable. Received a $6,000 cash advance for services to be provided in the future. Purchased $900 of supplies on account. Made a $7,500 payment...
journal entry worksheet for 1-12? The following events apply to Complete Business Service in 2018, its...
journal entry worksheet for 1-12?
The following events apply to Complete Business Service in 2018, its first year of operations: 1. Received $41,000 cash from the issue of common stock. 2. Earned $36,000 of service revenue on account. 3. Incurred $15,500 of operating expenses on account. 4. Received $25,500 cash for performing services. 5. Paid $13,500 cash to purchase land. 6. Collected $27,500 of cash from accounts receivable. 7. Received a $7,100 cash advance for services to be provided in...
The following events apply to Complete Business Service in 2018, its first year of op 1....
The following events apply to Complete Business Service in 2018, its first year of op 1. Received $41,000 cash from the issue of common stock. 2. Earned $36,000 of service revenue on account. 3. Incurred $15,500 of operating expenses on account. 4. Received $25,500 cash for performing services. 5. Paid $13,500 cash to purchase land. 6. Collected $27,500 of cash from accounts receivable. 7. Received a $7,100 cash advance for services to be provided in the future. 8. Purchased $1,450...
Exercise 3-21A Recording events in the general journal, posting to T-accounts, and preparing a trial balance...
Exercise 3-21A Recording events in the general journal, posting to T-accounts, and preparing a trial balance The following events apply to Davis Dry Cleaners in 2013, its first year of operations: 1. Received $45,000 cash from the issue of common stock. 2. Earned $37,500 of service revenue on account. 3. Incurred $15,000 of operating expenses on account. 4. Received $30,000 cash for performing services. 5. Paid $12,000 cash to purchase land. 6. Collected $33,000 of cash from accounts receivable. 7....
The following events apply to Equipment Services Inc. in its first year of operation: Acquired $60,000...
The following events apply to Equipment Services Inc. in its
first year of operation:
Acquired $60,000 cash from the issue of common stock.
Received an $8,200 cash advance for services to be provided in
the future.
Purchased $2,000 of supplies on account.
Earned $36,000 of service revenue on account.
Incurred $16,100 of operating expenses on account.
Collected $28,500 cash from accounts receivable.
Made a $15,100 payment on accounts payable.
Paid a $2,000 cash dividend to the stockholders.
Recognized $1,600 of...
Exercise 3-18B. shift Z 195 sh Flow The Double-Entry Accounting System Exercise 3-18B Recording events in...
Exercise 3-18B.
shift Z 195 sh Flow The Double-Entry Accounting System Exercise 3-18B Recording events in T-accounts and preparing a trial balance LO 3-1, 3-3 The following events apply to Perry Carpet Cleaners in Year 1, its first year of operations: 1. Received $45,000 cash from the issue of common stock. 2. Earned $37,500 of service revenue on account. 3. Incurred $15,000 of operating expenses on account. 4. Received $30,000 cash for performing services. 5. Paid $12,000 cash to purchase...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $...
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 following events apply to Pearson Service Co. for 2018, its first year of operation: Received...
The following events apply to Pearson Service Co. for 2018, its
first year of operation:
Received cash of $60,000 from the issue of common stock.
Performed $115,000 worth of services on account.
Paid $79,000 cash for salaries expense.
Purchased supplies for $17,000 on account.
Collected $93,000 of accounts receivable.
Paid $12,500 of the accounts payable.
Paid a $6,000 dividend to the stockholders.
Had $2,000 of supplies on hand at the end of the period.
Required
Record these events in general...
The following events apply to Pearson Service Co. for 2018, its first year of operation: Received...
The following events apply to Pearson Service Co. for 2018, its first year of operation: Received cash of $50,000 from the issue of common stock. Performed $90,000 worth of services on account. Paid $64,000 cash for salaries expense. Purchased supplies for $12,000 on account. Collected $78,000 of accounts receivable. Paid $8,500 of the accounts payable. Paid a $5,000 dividend to the stockholders. Had $1,500 of supplies on hand at the end of the period. Required Record these events in general...
Data Table Sam Mildon, CPA Trial Balance March 31, 2018 Balance Account Title Cash Accounts Receivable...
Data Table Sam Mildon, CPA Trial Balance March 31, 2018 Balance Account Title Cash Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Uneaned Revenue Common Stock Debit Credit S 12,000 9,500 1,500 22,000 0 $ 3,300 0 39,400 PrintDone 7800 Service Revenue Salaries Expense Rent Expense Total 4,500 1,000 $ 50,500 $ 50,500 PrintDone The trial balance of Sam Mildon, CHA Is aled Maier S1, 2018 EEB (Cick the icon to view the March 31 trial balance.) 1 (Click...
journal entry worksheet for 1-12?
The following events apply to Complete Business Service in 2018, its first year of operations: 1. Received $41,000 cash from the issue of common stock. 2. Earned $36,000 of service revenue on account. 3. Incurred $15,500 of operating expenses on account. 4. Received $25,500 cash for performing services. 5. Paid $13,500 cash to purchase land. 6. Collected $27,500 of cash from accounts receivable. 7. Received a $7,100 cash advance for services to be provided in...
The following events apply to Complete Business Service in 2018, its first year of op 1. Received $41,000 cash from the issue of common stock. 2. Earned $36,000 of service revenue on account. 3. Incurred $15,500 of operating expenses on account. 4. Received $25,500 cash for performing services. 5. Paid $13,500 cash to purchase land. 6. Collected $27,500 of cash from accounts receivable. 7. Received a $7,100 cash advance for services to be provided in the future. 8. Purchased $1,450...
Exercise 3-21A Recording events in the general journal, posting to T-accounts, and preparing a trial balance The following events apply to Davis Dry Cleaners in 2013, its first year of operations: 1. Received $45,000 cash from the issue of common stock. 2. Earned $37,500 of service revenue on account. 3. Incurred $15,000 of operating expenses on account. 4. Received $30,000 cash for performing services. 5. Paid $12,000 cash to purchase land. 6. Collected $33,000 of cash from accounts receivable. 7....
The following events apply to Equipment Services Inc. in its
first year of operation:
Acquired $60,000 cash from the issue of common stock.
Received an $8,200 cash advance for services to be provided in
the future.
Purchased $2,000 of supplies on account.
Earned $36,000 of service revenue on account.
Incurred $16,100 of operating expenses on account.
Collected $28,500 cash from accounts receivable.
Made a $15,100 payment on accounts payable.
Paid a $2,000 cash dividend to the stockholders.
Recognized $1,600 of...
Exercise 3-18B.
shift Z 195 sh Flow The Double-Entry Accounting System Exercise 3-18B Recording events in T-accounts and preparing a trial balance LO 3-1, 3-3 The following events apply to Perry Carpet Cleaners in Year 1, its first year of operations: 1. Received $45,000 cash from the issue of common stock. 2. Earned $37,500 of service revenue on account. 3. Incurred $15,000 of operating expenses on account. 4. Received $30,000 cash for performing services. 5. Paid $12,000 cash to purchase...
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 following events apply to Pearson Service Co. for 2018, its
first year of operation:
Received cash of $60,000 from the issue of common stock.
Performed $115,000 worth of services on account.
Paid $79,000 cash for salaries expense.
Purchased supplies for $17,000 on account.
Collected $93,000 of accounts receivable.
Paid $12,500 of the accounts payable.
Paid a $6,000 dividend to the stockholders.
Had $2,000 of supplies on hand at the end of the period.
Required
Record these events in general...
Data Table Sam Mildon, CPA Trial Balance March 31, 2018 Balance Account Title Cash Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Uneaned Revenue Common Stock Debit Credit S 12,000 9,500 1,500 22,000 0 $ 3,300 0 39,400 PrintDone 7800 Service Revenue Salaries Expense Rent Expense Total 4,500 1,000 $ 50,500 $ 50,500 PrintDone The trial balance of Sam Mildon, CHA Is aled Maier S1, 2018 EEB (Cick the icon to view the March 31 trial balance.) 1 (Click...
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