
| Assets | = | Liabilities | + | Stockholders' Equity |
| Computers | = | Utilties payable | + | Operating expenses |
| Building | = | Notes payable | + | Utilities expense |
| Cash | = | Accounts Payable | + | Service revenue |
| Land | = | + | Interest expense | |
| Trucks | = | + | Rent revenue | |
| Office furniture | = | + | Dividends | |
| Supplies | = | + | Supplies expense | |
| = | + | Gasoline expense | ||
| = | + | Salaries expense | ||
| = | + | Retained earninigs | ||
| = | + | Common stock |
I included the ones I know are right and wrong. I cannot figure this out please...
The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense. Required a. List each account title under the element of the accounting equation to which it belongs.
or incorrect for the work you have completed so far. It do Check my work mode : This shows what is correct 4 drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI: Computers. Operating lies, ncorporated (HiFSI: Computers, Operating Expense, Retaine Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense. Trucks, Gasoline Earnings. Supplies, Accounts Payable, Office Furniture, Salaries Expense, Common Stock Service Revenue Interest Expense. Dividends, Supplies Expense. ints Required a. List each account...
Exercise 1-19A Preparing financial statements LO 1-7, 1-8, Dakota Company experienced the following events during 2018: 1. Acquired $25,000 cash from the issue of common stock. 2. Paid $20,000 cash to purchase land. 3. Borrowed $20,000 cash. 4. Provided services for $60,000 cash. 5. Paid $2,000 cash for utilities expense. 6. Paid $40,000 cash for other operating expenses. 7. Paid a $5,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2...
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the partial worksheet.) Read the requirements? Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Cynthia Elmer, CPA Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent 46,900...
im only missing retained earnings. it keeps marking it as
wrong when i do the math
thanks!
Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-tern notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expenso-Trucks Salaries expense office supplies expense Repairs expense Trucks Totals Debit Credit $ 8,300 18,000 7,893 183,000 $ 37,698 48,000 12,300 13,000 45,000 27,653 137.500 26,000 127,000 24,315 67,302 5.000 12,341 $400,151 $400,151 Use the above...
The An accounting form that is used to record the increases and decreases in each financial statement item.accounts in the A group of accounts for a business.ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits.normal balances. The balance of the cash account has...
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title Debit Credit Cash $ 9,000 Accounts receivable 16,500 Office supplies 2,000 Trucks 189,000 Accumulated depreciation—Trucks $ 38,934 Land 75,000 Accounts payable 13,000 Interest payable 3,000 Long-term notes payable 52,000 Common stock 35,880 Retained earnings 137,500 Dividends 19,000 Trucking fees earned 135,500 Depreciation expense—Trucks 25,112 Salaries expense 63,549 Office supplies expense 5,000 Repairs expense—Trucks 11,653 Totals $ 415,814 $ 415,814 The Retained Earnings account balance...
7. The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. (Click the icon to view the accounts.) Prepare Anderson's trial balance as of August 31, 2018. Anderson Moving Company Trial Balance August 31, 2018 Balance Debit Credit Account Title 1: Data Table $ $ Common Stock Insurance Expense Accounts Payable Service Revenue 49,800 600 4,000 82,000 41,000 200 6,000 4,000 Trucks Fuel Expense Dividends Utilities...
Print 1. The adjusted trial balance for Green Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the income statement for the year ending December 31, 2018. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box emply; do not select a label or enter a zero.) Green Advertising Services Income Statement Year Ended December...
Unadjusted Trial Balance Instructions The accounts in the ledger of Atlantic Furniture Company as of July 2018, are listed in alphabetical order as follows. All accounts have normal balances. The bala of the cash account has been intentionally omitted. Accounts Payable Accounts Receivable Notes Payable 5 92.400 483,600 Prepaid Insurance Cash Common Stock Rent Expense Retained Earnings Dividends Supplies $ 25,000 21,600 140,000 311,600 3,975 11,200 6,000 49.100 2.250.000 75.000 24,000 2,750,000 9,000 50,000 10 200 Fees Eamed Insurance Expense...