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Part B: Financial Statements The accounts of Ashton Appliances Company are listed along with their adjusted...
ne accounts of Taylor Electronics Company are listed alone with their adjusted balances before closing for...
ne accounts of Taylor Electronics Company are listed alone with their adjusted balances before closing for the month ended June 30, 2019. Prepare the POST-CLOSE TRIAL BALANCE. Prepaid Expenses Inventory Note Payable, Long-Term Salary Payable Supplies Expense Utilities Expense Sales Revenue Rent Expense Supplies Unearned Sales Revenue $ 8,200 39,000 46,000 2,700 2,500 7,500 350,000 38,000 6,000 13.800 Accounts payable Accounts receivable Accumulated depreciation Taylor, Capital, June 1 Taylor, Owner Withdrawals Cash Cost of Goods Sold Equipment Salaries Expense Notes...
Part. Closing Journal Entries The accounts of Taylor Electronics Company are listed along with their adjusted...
Part. Closing Journal Entries The accounts of Taylor Electronics Company are listed along with their adjusted balances before closing for the month ended June 30, 2019. Prepare the closing journal entries in the journal below. $ 200 39.000 46,000 2.700 Prepaid Expenses Inventory Note Payable. Long-Term Salary Payable Supplies Expense Utilities Expense Sales Revenue Rent Expense Supplies Unearned Sales Revenue Accounts payable Accounts receivable Accumulated depreciation Taylor, Capital, June 1 Taylor, Owner Withdrawals Cash Cost of Goods Sold Equipment Salaries...
8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write...
8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write a definition explain what it is used for, 2) identify what type of account it is, 3) what it's normal balance is, and 4) which financial statement it appears on. (You should also be able to do this for any account names that have been introduced so far that don't appear in this specific problem.) Then, prepare a multiple-step income statement statement of retained...
Financial Statements 2019 for Farah The following adjusted trial balance is prepared at fiscal year-end Company:...
Financial Statements 2019 for Farah The following adjusted trial balance is prepared at fiscal year-end Company: Account title Debit Credit Cash Accounts Receivable Prepaid rent Store equipment 43.000 16,000 54,000 53,400 Furniture 23,600 5.000 14.400 68.200 Unearned Translation Revenue Accounts payable Farah., Capital Farah., Withdrawals Translation Revenue Interest Revenue Sales Salaries expense Office Insurance expense Office Rent expense Showroom Rent expense 185,200 10.000 13.000 4000 4.000 15.000 Store supplies expense 25,000 Administration Salary expense Showroom Insurance expense Advertising expense 5.000...
EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts...
EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts 06)....
Sheffield Company was organized on April 1, 2019. The company prepares quarterly financial statements. The adjusted...
Sheffield Company was organized on April 1, 2019. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. 400 Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit Credit $ 6,900 Accumulated Depreciation-Equipment $ 800 480 Notes Payable 4,200 600 Accounts Payable 900 800 Salaries and Wages Payable 12,100 Interest Payable 80 500 Unearned Rent Revenue 300 7,600 Common...
Chapter Five Financial Statements Problem 5-2: Listed below is the adjusted trial balance of the Tasha...
Chapter Five Financial Statements Problem 5-2: Listed below is the adjusted trial balance of the Tasha Thomas Consulting Firm Tasha Thomas Consulting Firm Adjusted Trial Balance December 31, 20XX 35.000 13.000 1.000 600 15,000 3,000 Cash Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation, Office Equipment Accounts Payable T. Thomas, Capital T. Thomas, Withdrawals Consulting Fees Eamed Rent Expense Office Supplies Expense Depreciation Expense, Office Equipment Salaries Expense 12,000 40,000 200 55,000 1,200 3.000 1.000 40.000 110,000 110,000...
Financial Statements from the End-of-Period Spreadsheet Elliptical Consulting is a consulting firm owned and operated by...
Financial Statements from the End-of-Period Spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 27,000 27,000 Accounts Receivable 53,500 53,500 3,000 (a) 2,100 900 Supplies Office Equipment 30,500 30,500 Accumulated Depreciation 4,500 (b) 1,500 6,000 Accounts Payable...
please someone help me complete this problem Problem 3.5A Preparing financial statements from T accounts. LO...
please someone help me complete this problem
Problem 3.5A Preparing financial statements from T accounts. LO 3-3, 3-5, 3-6 The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. Transactions: a. Guttery invested $143,000 in cash to start the business. b. Paid $4,300 for the current month's rent. c. Bought office furniture for $15,020 in...
Learning Objectives 1, 3, 4 > Problems Group A P-29A Preparing financial statements including a classified...
Problems Group A P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 10, 2018, follows Net Loss 5(9,500) ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018, Balance Account Title Debit Credit Cash 5 4600 Accounts Receivable 5.300 Office Supplies 1.500 Prepaid Insurance 1,700 Land 13.000 Building 82.000 Accumulated Depreciation Building $ 25,200 Accounts Payable 18.700 Interest...
ne accounts of Taylor Electronics Company are listed alone with their adjusted balances before closing for the month ended June 30, 2019. Prepare the POST-CLOSE TRIAL BALANCE. Prepaid Expenses Inventory Note Payable, Long-Term Salary Payable Supplies Expense Utilities Expense Sales Revenue Rent Expense Supplies Unearned Sales Revenue $ 8,200 39,000 46,000 2,700 2,500 7,500 350,000 38,000 6,000 13.800 Accounts payable Accounts receivable Accumulated depreciation Taylor, Capital, June 1 Taylor, Owner Withdrawals Cash Cost of Goods Sold Equipment Salaries Expense Notes...
Part. Closing Journal Entries The accounts of Taylor Electronics Company are listed along with their adjusted balances before closing for the month ended June 30, 2019. Prepare the closing journal entries in the journal below. $ 200 39.000 46,000 2.700 Prepaid Expenses Inventory Note Payable. Long-Term Salary Payable Supplies Expense Utilities Expense Sales Revenue Rent Expense Supplies Unearned Sales Revenue Accounts payable Accounts receivable Accumulated depreciation Taylor, Capital, June 1 Taylor, Owner Withdrawals Cash Cost of Goods Sold Equipment Salaries...
8. The information for Ashton Appliances for 2019 is given below. For each count: 1) write a definition explain what it is used for, 2) identify what type of account it is, 3) what it's normal balance is, and 4) which financial statement it appears on. (You should also be able to do this for any account names that have been introduced so far that don't appear in this specific problem.) Then, prepare a multiple-step income statement statement of retained...
Financial Statements 2019 for Farah The following adjusted trial balance is prepared at fiscal year-end Company: Account title Debit Credit Cash Accounts Receivable Prepaid rent Store equipment 43.000 16,000 54,000 53,400 Furniture 23,600 5.000 14.400 68.200 Unearned Translation Revenue Accounts payable Farah., Capital Farah., Withdrawals Translation Revenue Interest Revenue Sales Salaries expense Office Insurance expense Office Rent expense Showroom Rent expense 185,200 10.000 13.000 4000 4.000 15.000 Store supplies expense 25,000 Administration Salary expense Showroom Insurance expense Advertising expense 5.000...
EX 4.1 Flow of accounts into financial statements OBJ. 1, 2 The balances for the accounts that follow appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each account would flow into the income statement, statement of owner's equity, or balance sheet. 1. Accounts Payable 6. Supplies 2. Accounts Receivable 7. Unearned Rent 3. Cash 8. Utilities Expense 4. Eddy Rosewood, Drawing 9. Wages Expense 5. Fees Earned 10. Wages Payable EX 4-2 Classifying accounts 06)....
Sheffield Company was organized on April 1, 2019. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below. 400 Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit Credit $ 6,900 Accumulated Depreciation-Equipment $ 800 480 Notes Payable 4,200 600 Accounts Payable 900 800 Salaries and Wages Payable 12,100 Interest Payable 80 500 Unearned Rent Revenue 300 7,600 Common...
Chapter Five Financial Statements Problem 5-2: Listed below is the adjusted trial balance of the Tasha Thomas Consulting Firm Tasha Thomas Consulting Firm Adjusted Trial Balance December 31, 20XX 35.000 13.000 1.000 600 15,000 3,000 Cash Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation, Office Equipment Accounts Payable T. Thomas, Capital T. Thomas, Withdrawals Consulting Fees Eamed Rent Expense Office Supplies Expense Depreciation Expense, Office Equipment Salaries Expense 12,000 40,000 200 55,000 1,200 3.000 1.000 40.000 110,000 110,000...
Financial Statements from the End-of-Period Spreadsheet Elliptical Consulting is a consulting firm owned and operated by Jayson Neese. The following end-of-period spreadsheet was prepared for the year ended June 30, Elliptical Consulting End-of-Period Spreadsheet For the Year Ended June 30, 2019 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 27,000 27,000 Accounts Receivable 53,500 53,500 3,000 (a) 2,100 900 Supplies Office Equipment 30,500 30,500 Accumulated Depreciation 4,500 (b) 1,500 6,000 Accounts Payable...
please someone help me complete this problem
Problem 3.5A Preparing financial statements from T accounts. LO 3-3, 3-5, 3-6 The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. Transactions: a. Guttery invested $143,000 in cash to start the business. b. Paid $4,300 for the current month's rent. c. Bought office furniture for $15,020 in...
Problems Group A P4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 10, 2018, follows Net Loss 5(9,500) ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018, Balance Account Title Debit Credit Cash 5 4600 Accounts Receivable 5.300 Office Supplies 1.500 Prepaid Insurance 1,700 Land 13.000 Building 82.000 Accumulated Depreciation Building $ 25,200 Accounts Payable 18.700 Interest...
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