Homework Answers
Answer-Journal Entries:-
| Date | Account Title and Explanation | Debit ($) | Credit ($) |
| Nov.8 | Salaries and Wages Expenses | 1,000 | |
| Salaries and wages Payable | 700 | ||
| Cash | 1,700 | ||
| (To record salaries paid) | |||
| Nov.10 | Cash | 3,420 | |
| Accounts Receivable | 3,420 | ||
| (To record cash received on account) | |||
| Nov.12 | Cash | 3,100 | |
| Service Revenue | 3,100 | ||
| (To record from services earned) | |||
| Nov.15 | Equipment | 2,000 | |
| Accounts Payable | 2,000 | ||
| (To record credit purchase of equipment) | |||
| Nov.17 | Supplies | 700 | |
| Accounts Payable | 700 | ||
| (To record credit purchase of supplies) | |||
| Nov.20 | Accounts Payable | 2,700 | |
| Cash | 2,700 | ||
| (To record amount paid to creditors) | |||
| Nov.22 | Rent Expenses | 400 | |
| Cash | 400 | ||
| (to record rent paid) | |||
| Nov.25 | Salaries Expenses | 1,700 | |
| Cash | 1,700 | ||
| (To record salaries paid) | |||
| Nov.27 | Accounts Receivable | 1,900 | |
| Service Revenue | 1,900 | ||
| (To record services on account) | |||
| Nov.29 | Cash | 600 | |
| Unearned Service Revenue | 600 | ||
| (To record unearned service revenue) |
Ledger
| Cash | No.101 | ||||
| Date | Explanation | Ref. | Debit | Credit | Balance |
| Nov.1 | Balance | 2,400 | |||
| Nov.8 | Salaries expenses | 1,000 | 1,400 | ||
| Salaries and wages payable | 700 | 700 | |||
| Nov.10 | Accounts receivable | 3,420 | 4,120 | ||
| Nov.12 | Service revenue received | 3,100 | 7,220 | ||
| Nov.20 | Paid to creditors | 2,700 | 4,520 | ||
| Nov.22 | Paid rent | 400 | 4,120 | ||
| Nov.25 | Paid salaries | 1,700 | 2,420 | ||
| Nov.29 | Received advance from customer | 600 | 3,020 | ||
| Accounts Receivable | No.112 | ||||
| Date | Explanation | Ref. | Debit | Credit | Balance |
| Nov.1 | Balance | 4,250 | |||
| Nov.10 | Cash received | 3,420 | 830 | ||
| Nov.27 | Billed customer | 1,900 | 2,730 | ||
| Supplies | No.126 | ||||
| Date | Explanation | Ref. | Debit | Credit | Balance |
| Nov.1 | Balance | 1,800 | |||
| Nov.17 | Purchased on account | 700 | 2,500 | ||
| Equipment | No.153 | ||||
| Date | Explanation | Ref. | Debit | Credit | Balance |
| Nov.1 | Balance | 12,000 | |||
| Nov.15 | Purchased on account | 2,000 | 14,000 | ||
| Accumulated Depreciation -Equipment | No.154 | ||||
| Nov.1 | Balance | 2,000 | |||
| Accounts Payable | No.201 | ||||
| Nov.1 | Balance | 2,600 | |||
| Nov.15 | Equipment purchase | 2,000 | 4,600 | ||
| Nov.17 | Supplies Purchased | 700 | 5,300 | ||
| Nov.20 | Payment made | 2,700 | 2,600 | ||
| Unearned Service revenue | No.209 | ||||
| Nov.1 | Balance | 1,200 | |||
| Nov.29 | Advance received | 600 | 1,800 | ||
| Salaries and wages payable | No.212 | ||||
| Nov.1 | Balance | 700 | |||
| Nov.8 | Cash | 700 | $0 | ||
| Common Stock | No.311 | ||||
| Nov.1 | Balance | 10,000 | |||
| Retained Earnings | No.320 | ||||
| Nov.1 | Balance | 3,950 | |||
| Service Revenue | No.407 | ||||
| Nov.12 | Cash received | 3,100 | 3,100 | ||
| Nov.27 | Services provided | 1,900 | 5,000 | ||
| Salaries and Wages Expenses | No.726 | ||||
| Nov.8 | Cash paid | 1,000 | 1,000 | ||
| Nov.25 | Cash paid | 1,700 | 2,700 | ||
| Rent Expenses | No.729 | ||||
| Nov.22 | Cash paid | 400 | 400 | ||
Trial Balance
| Accounts Title | Debit | Credit |
| Cash | 3,020 | |
| Accounts Receivables | 2,730 | |
| Supplies | 2,500 | |
| Equipment | 14,000 | |
| Accumulated Dep. - Equipment | 2,000 | |
| Accounts Payable | 2,600 | |
| Unearned Service Revenue | 1,800 | |
| Salaries & Wages Payable | - | |
| Common Stock | 10,000 | |
| Retained Earnings | 3,950 | |
| Service Revenue | 5,000 | |
| Salaries & Wages Expenses | 2,700 | |
| Rent Expenses | 400 | |
| Total | $25,350 | $25,350 |
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No. Debits 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $ 2,400 4,250 1,800 12,000...
Problem 3-5A On November 1, 2019, the account balances of Schilling Equipment Repair were as follows....
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Can you please prepare an adjusted trial balance. Thanks!
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On November 1, 2022, the account balances of Marigold Corp. were as follows. No. 101 112 Debits Cash Accounts Receivable Supplies Equipment $ 2,016 3.570 1.512 10,080 126 153 No. 154 201 209 212 311 320 Credits Accumulated Depreciation-Equipment Accounts Payable Uneared Service Revenue Salaries and Wages Payable Common Stock Retained Earnings $1,680 2.184 1,008 588 8.400 3.318 $17,178 $17.178 During November, the following summary transactions were completed. Nov. 8 Paid $1.428 for salaries due employees, of which $588 is...
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Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
Debit Credit Cash Accounts Receivable Supplies Equipment $ 3,140 Accumulated Depreciation-Equipment $500 2,650 400 850 10,350 3,350 $18,100 3 ,140Accounts Payable 1,470 Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 10,350 $18,100 During November, the following summary transactions were completed Nov. 8 Paid $1,220 for salaries due employees, of which $ 370 is for November and $ 850 is for October salaries payable. 10 12 15 17 20 22 25 27 29 Received $ 1,840 cash from...
how come I am not getting the same total?
Adjusted Trial Balance Debit LISO Cash CO 2 500 Accounts Receivable Supplies Equipment Accum Dep - Equip Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Salaries/Wages Expense Suppliess Expense Depreciation Expense Miscellaneous Expense 290 250 HOU Totals E. Post Closing Trial Balance Debit Credit Cash Accounts Receivable Supplies Equipment Accum Dep - Equip CVB HP Laptop All-day power Eye-catching design Date Cash Explanation...
Question 2 of 4 ./2.5 III View Policies Current Attempt in Progress On November 1, 2022, the account balances of Pharoah Company were as follows. No. Debits No. Credits 101 Cash $3,072 154 Accumulated Depreciation-Equipment 112 Accounts Receivable 5,440 201 Accounts Payable 126 Supplies 2,304 209 Unearned Service Revenue 153 Equipment 15,360 212 Salaries and Wages Payable 311 Common Stock 320 Retained Earnings $26,176 $ 2,560 3,328 1,536 896 12,800 5,056 $26,176 During November, the following summary transactions were completed....
Can you please prepare an adjusted trial balance. Thanks!
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