Answer:
POST-CLOSING TRIAL BALANCE | ||
Account Name | Debit | Credit |
Cash | $ 67,000 | |
Account receivable | 20,000 | |
Supplies | 11,000 | |
Account payable | $ 9,000 | |
Accumulated depreciation | 14,000 | |
Land | 7,000 | |
Equipment | 59,000 | |
Notes payable | 13,000 | |
Software | 26,000 | |
Accumulated amortization | 12,000 | |
Common stock | 91,000 | |
Income Tax payable | 9,000 | |
Salaries & wages payable | 12,000 | |
Interest payable | 2,000 | |
Retained earnings | 28,000 | |
Total | $ 190,000 | $ 190,000 |
GENERAL LEDGER Supplies Credit Cash Account receivable Balance $ 4,000 $43,000 $23,000 $20,000 Balance $ 11,000 $ 28,000 $ 17,000 11,000 Balance $ 4,000 $ 17,000 7,000 10,000 $35,000 12,000 23,000 14,000 9,000 $ 128,000 84,000 44,000 $ 67,000 Debit Credit Debit Credit Debit Date Date Date Jan.01, 2018 Jan.01, 2018 Jan.01, 2018 $ 17,000 $13,000 $39,000 Dec.08 Mar.01 Oct.05 $ Dec.31 Dec.10 Mar.02 $ 25,000 $ Apr.03 Account Payable Credit Accumulated Depreciation Credit Balance Jul.04 Balance $ 6,000 $17,000 $23,000 $9,000 Debit $ Debit Date Date Nov.06 $119,000 $ Jan.01, 2018 Dec.31 $ Jan.01, 2018 7,000 $ 7,000 14,000 Dec.08 Oct.05 Dec.09 $ 23,000 $14,000 Nov.06 Dec.10 Notes Payable (Short term) Debit Land Equipment Credit Balance Credit $ 13,000 13,000 Balance Debit $ 7,000 Balance $ Credit Debit Date Date Date $59,000 Jan.01, 2018 7,000 Mar.02 Mar.01 Software Accumulated Amortization Common Stock Credit Balance $ 14,000 $ 26,000 Credit Balance $6,000 $ 6,000 $12,000 Credit Balance $ 66,000 $ 25,000 91,000 Debit Debit Debit Date Date Date Jan.01, 2018 Apr.03 Jan.01, 2018 Jan.01, 2018 $ 12,000 Jul.04 Dec.31 Salaries and Wages Payable Balance Interest Payable Credit $2,000 $ Income tax payable Debit Balance Credit Balance Credit Debit Debit Date Date Date $12,000 $12,000 9,000 9,000 $ 2,000 Dec.31 Dec.31 Dec.31
Depreciation Expense Debit $ 7,000 Retained Eanings Credit Service Revenue Balance Credit Balance $ 7,000 $158,000 S 165,000 $ 158,000 $ 152,000 $ 56,000 $ 54,000 45,000 $ 28,000 Balance $ 158,000 $ 158,000 $ Debit Debit Credit Date Date Date $ 7,000 $ 7,000 S Salaries and Wages Expense Balance $84,000 $96,000 Jan.01, 2018 Dec.31 Dec.08 $158,000 Dec.31 Dec.31 Dec.31 $ 7,000 $ 6,000 Amortization Expense Dec.31 Credit Balance Debit Debit Credit Dec.31 Date Date $ 6,000 Dec.31 $6,000 $84,000 $12,000 $96,000 Dec.09 Dec.31 $ 2,000 $ 9,000 $ 17,000 $ 6,000 $ Dec.31 Dec.31 Dec.31 $96,000 S Dec.31 Dec.31 Interest Expense Income Tax Expense Dec.31 Balance Balance $ 9,000 9,000 $ Credit Debit Debit Credit Date Date $ 2,000 $ 9,000 $2,000 $ Dec.31 Dec.31 2,000 $ Dec.31 Dec.31 Supplies Expense Credit Balance Debit Date $ 17,000 $ $ 17,000 Dec.31 17,000 $ Dec.31
Required Information (The following information applies to the questions displayed below.) Part of Brothers Harry and...
Required information [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 4 Accounts Receivable 4 Supplies 11 Land 0 Equipment 56 Accumulated Depreciation $ 7 Software 17 Accumulated Amortization...
Required information The following information applies to the questions displayed below) Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify): Debit Credit 54 11 Account Titles Cash Accounts Receivable Supplies Land Equipsent Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-ters) Salaries and...
Required information [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 57 Accumulated Depreciation $ 5 Software 18 Accumulated Amortization...
Required Information (The following information applies to the questions displayed below] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify): decount Titles ge nerated amortization ESS- Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term)...
Required information The following information applies to the questions displayed below) Brothers Harry and Herman Hausyerday began operations of their machine shop (H&H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify: Debit credit Account Titles Cash Accounts Receivable Supplies Land Equipent Accumulated Depreciation Software Accumulated amortization. accounts Payable Notes Payable (short-ter) Salaries and was Payable Interest Payable...
Required information [The following information applies to the questions displayed below.) Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Credit Debit $ 3 5 12 60 $G 15 5 5 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization...
Required information [The following information applies to the questions displayed below Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Cash Debit Credit $ 4 Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and...
Required information The following informetion applies to the questions displayed below Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify: Debit Credit Account Titles $ 3 Cash Accounts Receivable Supplies Land 12 Equipmont Accumulated Depreciation Software 63 6 18 Accumulated Amortization Accounts Payable Notes...
Question in images Required Information [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify): Credit Debit $ 2 6 13 70 s 5 15 5 4 Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated...
Required information [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Debit Credit Cash $ 4 Accounts Receivable 4 Supplies 11 Land 0 Equipment 59 Accumulated Depreciation $ 7 Software 14 Accumulated Amortization...