Homework Answers
| PIRATES INCORPORATED | ||
| Trial Balance | ||
| At December 31 | ||
| Account Titles | Debit | Credit |
| Cash | $4,200 | |
| Accounts receivable | $3,500 | |
| Supplies | $8,700 | |
| Rent Expense | $900 | |
| Land | $17,600 | |
| Advertising Expense | $500 | |
| Utilities Expense | $2,000 | |
| Salaries Expense | $4,000 | |
| Service Revenue | $10,700 | |
| Account payable | $9,100 | |
| Notes payable | $5,400 | |
| Common stock | $9,000 | |
| Retained earnings | $7,200 | |
| Totals | $41,400 | $41,400 |
T-Accounts:
| Cash | Land | |||||||
| Beg. Bal. | $6,500 | $4,000 | Sep. 13 | Beg. Bal. | $11,200 | |||
| Sep. 1 | $4,700 | $900 | Sep. 20 | Sep. 2 | $6,400 | |||
| Sep. 18 | $5,000 | $2,000 | Sep. 30 | |||||
| $4,000 | Sep. 30 | |||||||
| $1,100 | Sep. 30 | End. Bal. | $17,600 | |||||
| End. Bal. | $4,200 | |||||||
| Accounts Receivable | Supplies | |||||||
| Beg. Bal. | $2,500 | $5,000 | Sep. 18 | Beg. Bal. | $7,600 | |||
| Sep. 8 | $6,000 | Sep. 10 | $1,100 | |||||
| End. Bal. | $3,500 | End. Bal. | $8,700 | |||||
| Service Revenue | Note Payable | |||||||
| Beg. Bal. | $0 | $4,700 | Sep. 1 | Beg. Bal. | $3,000 | |||
| $6,000 | Sep. 8 | Sep. 13 | $4,000 | $6,400 | Sep.2 | |||
| End. Bal. | $10,700 | End. Bal. | $5,400 | |||||
| Advertising Expense | Rent Expense | |||||||
| Beg. Bal. | $0 | Beg. Bal. | $0 | |||||
| Sep. 4 | $500 | Sep. 20 | $900 | |||||
| End. Bal. | $500 | End. Bal. | $900 | |||||
| Accounts Payable | Utilities Expense | |||||||
| Beg. Bal. | $7,500 | Beg. Bal. | $0 | |||||
| $500 | Sep. 4 | Sep. 30 | $2,000 | |||||
| $1,100 | Sep. 10 | End. Bal. | $2,000 | |||||
| End. Bal. | $9,100 | |||||||
| Salaries Expense | Retained Earnings | |||||||
| Beg. Bal. | $0 | Beg. Bal. | $8,300 | |||||
| Sep. 30 | $4,000 | Sep. 30 | $1,100 | |||||
| End. Bal. | $7,200 | |||||||
| End. Bal. | $4,000 | |||||||
| Common Stock | Dividends | |||||||
| Beg. Bal. | $9,000 | Beg. Bal. | $0 | |||||
| Sep. 30 | $1,100 | |||||||
| End. Bal. | $9,000 | End. Bal. | $1,100 | |||||
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Required information The following information applies to the questions displayed below) 3 of 3 Pirates Incorporated...
Required Information (The following information applies to the questions displayed below.] Pirates Incorporated had the following...
Required Information (The following information applies to the questions displayed below.] Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 4,689 Accounts Receivable 688 Supplies 5,780 Land 9, 30e Accounts Payable Notes Payable Common Stock Retained Earnings Totals $20,200 $ 5,600 1.100 7,190 6.480 $20,280 The following transactions occur in September. September 1 Provide services to customers for cash, $2,800. September 2 Purchase land with a long-term...
Required information (The following information applies to the questions displayed below Pirates Incorporated had the following...
Required information (The following information applies to the questions displayed below Pirates Incorporated had the following balances at the beginning of September. Part 2 of 3 PIRATES INCORPORATED Trial Balance counts Cash Accounts Receivable Supplies Land Accounts Payable Noten Payable Common Stock Retained Earnings points Debits Credits 5,700 1,700 6,800 10,400 eBook 6,700 2,200 8,200 7.500 Print 24.600 $25 600 Totals 24600 $24 The following transactions occur in September September 1 Provide services to customers for cash, 3,900 September 2...
Check my work Required information The folliowing information applies to the questions displayed below Pirates Incorporated...
Check my work Required information The folliowing information applies to the questions displayed below Pirates Incorporated had the following balances at the beginning of September. Part 3 of 3 PIRATES INCORPORATED Trial Balance September 1 points Accounts Debits Credits s 5,700 1,700 6,800 10,400 Skipped eBook Print References Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings 6,700 2,200 8,200 7,500 $24,600 $24.600 Totals The following transactions occur in September. Septenber 1 Provide services to eustomers for...
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance...
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September. September 1 Provide services to customers for cash, $4,000. September 2 Purchase land with a long-term note for $5,700 from Crimson Company. September 4 Receive an invoice for...
Saved Help Save& Exit Submit Check my work The following information applies to the questions displayed...
Saved Help Save& Exit Submit Check my work The following information applies to the questions displayed below. Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance September 1 Accounts Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Debits Credits $5,700 1,700 6,800 10,400 6,700 2,200 8,200 7.500 924.600 $24,600 Totals The following transactions occur in September Septenber 1 Provide services to customers for cash, $3,900 September 2 urchase land...
Check my work Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED...
Check my work Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance September 1 unts Debits Credits Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings s5,700 1,700 6, 800 10,400 6,700 2,200 8,200 7.500 24,600 $24,600 Totals The following transactions occur in September September 1 Provide services to eustomers for cash, 53.900 Septenber 2 Purchase land with a long-term note for $5,600 from Crinson Company September Receive an invoice...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5,...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8, 200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September...
OOptions for T-charts are: cash, accts recieveable, supplies, land, accts payable, notes payable, common stock, retained...
OOptions for T-charts are:
cash, accts recieveable, supplies, land, accts payable, notes
payable, common stock, retained earnings, dividends, service rev,
rent expense, salaries expense, advertising expense, utilities
expense
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September....
Required information [The following information applies to the questions displayed below.) The general ledger of Jackrabbit...
Required information [The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Credits Debits $ 46,500 30,700 115,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,800 35,000 105,000 37,200 $193,000 $193,000 The following is a summary of the transactions for the year: 1. January 12 provide services to customers on account, $67,400. 2. February 25...
Required information (The following information applies to the questions displayed below.) The general ledger of Jackrabbit...
Required information (The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 46,500 Accounts Receivable 30,700 Land 115,800 Accounts Payable 15,800 Notes Payable (due in 2 years) 35,000 Common Stock 105,000 Retained Earnings 37,200 Totals $193,000 $193,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $67,400. 2. February 25...
Required Information (The following information applies to the questions displayed below.] Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 4,689 Accounts Receivable 688 Supplies 5,780 Land 9, 30e Accounts Payable Notes Payable Common Stock Retained Earnings Totals $20,200 $ 5,600 1.100 7,190 6.480 $20,280 The following transactions occur in September. September 1 Provide services to customers for cash, $2,800. September 2 Purchase land with a long-term...
Required information (The following information applies to the questions displayed below Pirates Incorporated had the following balances at the beginning of September. Part 2 of 3 PIRATES INCORPORATED Trial Balance counts Cash Accounts Receivable Supplies Land Accounts Payable Noten Payable Common Stock Retained Earnings points Debits Credits 5,700 1,700 6,800 10,400 eBook 6,700 2,200 8,200 7.500 Print 24.600 $25 600 Totals 24600 $24 The following transactions occur in September September 1 Provide services to customers for cash, 3,900 September 2...
Check my work Required information The folliowing information applies to the questions displayed below Pirates Incorporated had the following balances at the beginning of September. Part 3 of 3 PIRATES INCORPORATED Trial Balance September 1 points Accounts Debits Credits s 5,700 1,700 6,800 10,400 Skipped eBook Print References Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings 6,700 2,200 8,200 7,500 $24,600 $24.600 Totals The following transactions occur in September. Septenber 1 Provide services to eustomers for...
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September. September 1 Provide services to customers for cash, $4,000. September 2 Purchase land with a long-term note for $5,700 from Crimson Company. September 4 Receive an invoice for...
Saved Help Save& Exit Submit Check my work The following information applies to the questions displayed below. Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance September 1 Accounts Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings Debits Credits $5,700 1,700 6,800 10,400 6,700 2,200 8,200 7.500 924.600 $24,600 Totals The following transactions occur in September Septenber 1 Provide services to customers for cash, $3,900 September 2 urchase land...
Check my work Pirates Incorporated had the following balances at the beginning of September PIRATES INCORPORATED Trial Balance September 1 unts Debits Credits Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Common Stock Retained Earnings s5,700 1,700 6, 800 10,400 6,700 2,200 8,200 7.500 24,600 $24,600 Totals The following transactions occur in September September 1 Provide services to eustomers for cash, 53.900 Septenber 2 Purchase land with a long-term note for $5,600 from Crinson Company September Receive an invoice...
! Required information Problem 2-8A Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) (The following information applies to the questions displayed below.) Pirates Incorporated had the following balances at the beginning of September. PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Credits Cash $ 5,700 Accounts Receivable 1,700 Supplies 6,800 Land 10,400 Accounts Payable $ 6,700 Notes Payable 2,200 Common Stock 8, 200 Retained Earnings 7,500 Totals $24,600 $24,600 The following transactions occur in September. September...
OOptions for T-charts are:
cash, accts recieveable, supplies, land, accts payable, notes
payable, common stock, retained earnings, dividends, service rev,
rent expense, salaries expense, advertising expense, utilities
expense
Pirates Incorporated had the following balances at the beginning of September. Credits PIRATES INCORPORATED Trial Balance September 1 Accounts Debits Cash $ 5,800 Accounts Receivable 1,800 Supplies 6,900 Land 10,500 Accounts Payable Notes Payable Common Stock Retained Earnings Totals $25,000 $ 6,800 2,300 8,300 7,600 $25,000 The following transactions occur in September....
Required information [The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Credits Debits $ 46,500 30,700 115,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,800 35,000 105,000 37,200 $193,000 $193,000 The following is a summary of the transactions for the year: 1. January 12 provide services to customers on account, $67,400. 2. February 25...
Required information (The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 46,500 Accounts Receivable 30,700 Land 115,800 Accounts Payable 15,800 Notes Payable (due in 2 years) 35,000 Common Stock 105,000 Retained Earnings 37,200 Totals $193,000 $193,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $67,400. 2. February 25...
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