The adjusted trial balance for Perniagaan Sulong is as follows: Perniagaan Sulong Imbangan Duga Terselaras, December 31, 2019 CREDIT (RM) DEBIT (RM) 155,000 55,000 25,000 15,000 220,000 Cash Accounts Receivables Supplies Prepaid Insurance Equipment Accumulated depreciation - Equipment Accounts payable Salary payable Unearned Service Revenue Capital Withdrawals Sales revenue Salary expense Utilities expense Insurance expense Depreciation expense - equipment Supplies...
Please help with 1-3. Thanks Credit NELSON COMPANY Unadjusted Trial Balance January 31 Debit $ 1,000 12,500 5,800 2,400 42,900 $ 15,250 10,000 32,000 2,200 111,950 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable J. Nelson, Capital J. Nelson, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment...
need t accounts and trial balance. Required Information [The following information applies to the questions displayed below) Boilermaker House Painting Company Incurs the following transactions for September 1. September 3 Paint houses in the current month for $19, on account. 2. September & Purchase painting equipment for $20,000 cash. 3. September 12 Purchase office supplies on account for $3,300. 4....
During 2022, Flounder Corp. entered into the following transactions. 1. Borrowed 563,900 by issuing bonds. 2. Paid $8,610 cash dividend to stockholders. 3. Received $14,000 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,100. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes...
Problem 16-02 Pina Inc. issued $2,400,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $56,400, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Pina Inc.'s $100...
Martinez Inc. issued $1,800,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $48,000, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Martinez Inc.’s $100 par value...
Monty Inc. issued $3,240,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $57,600, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Monty Inc.’s $100 par value...
Problem 16-02 Concord Inc. issued $2,400,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $56,400, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Concord Inc.’s $100...
Carla Inc. issued $2,820,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for 11% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $51,600, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Carla Inc.s $100 par value...
Martinez Inc. issued $1,800,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $48,000, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Martinez Inc.’s $100 par value...