Homework Answers
| Cash | Accounts receivabe | |||||||
| Beg.bal. | $ 7,000 | Beg.bal. | $ 30,600 | |||||
| Service revenue | $ 18,900 | (a) | Cash | $ 8,100 | (d) | |||
| Unearned revenue | $ 570 | (b) | ||||||
| Rental income | $ 820 | (c ) | ||||||
| Accounts receivable | $ 8,100 | (d) | ||||||
| Accounts payable | $ 2,040 | (g) | ||||||
| Wages expense | $ 14,600 | (i) | ||||||
| Retained earnings | $ 2,200 | (j) | ||||||
| Accounts payable | $ 960 | (k) | ||||||
| End. Bal. | $ 15,590 | End. Bal. | $ 22,500 | |||||
| Supplies | Equipment | |||||||
| Beg.bal. | $ 1,530 | Beg.bal. | $ 10,300 | |||||
| Accounts payable | $ 960 | (k) | Common stock | $ 110 | (h) | |||
| Additional paid in capitala | $ 830 | (h) | ||||||
| End. Bal. | $ 2,490 | End. Bal. | $ 11,240 | |||||
| Land | Building | |||||||
| Beg.bal. | $ 7,400 | Beg.bal. | $ 26,600 | |||||
| End. Bal. | $ 7,400 | End. Bal. | $ 26,600 | |||||
| Accounts payable | Unearned revenue | |||||||
| Beg.bal. | $ - | $ 9,600 | Beg.bal. | $ 3,340 | ||||
| Utilities expense | $ 480 | (e ) | Cash | $ 570 | (b) | |||
| Cash | $ 2,040 | (g) | ||||||
| Supplies | $ 960 | (k) | ||||||
| Cash | $ 960 | (g) | ||||||
| End. Bal. | $ 8,040 | End. Bal. | $ 3,910 | |||||
| Long term note payable | Common stock | |||||||
| Beg.bal. | $ - | $ 47,600 | Beg.bal. | $ 1,600 | ||||
| Equipment | $ 110 | (h) | ||||||
| End. Bal. | $ - | $ 47,600 | End. Bal. | $ - | $ 1,710 | |||
| Additional paid in capital | Retained earnings | |||||||
| Beg.bal. | $ - | $ 6,400 | Beg.bal. | $ 14,890 | ||||
| Equipment | $ 830 | (h) | Cash | $ 2,200 | (j) | |||
| End. Bal. | $ 7,230 | End. Bal. | $ 12,690 | |||||
| Service revenue | Rental Income | |||||||
| Beg.bal. | $ - | Beg.bal. | ||||||
| Cash | $ 18,900 | (a) | Cash | $ 820 | (c ) | |||
| End. Bal. | $ 18,900 | End. Bal. | $ 820 | |||||
| Utilities Expense | Wages Expense | |||||||
| Beg.bal. | $ - | Beg.bal. | ||||||
| Accouns payable | $ 480 | (e ) | Cash | $ 14,600 | (i) | |||
| End. Bal. | $ 480 | End. Bal. | $ 14,600 | |||||
Add Answer to:
enter the following transactions for january of the second
year into the t-account using the letter...
$ Cash Accounts receivable Supplies Equipment Land Building 7,000 30,600 1,530 10,300 7,400 26,600 Accounts payable...
$ Cash Accounts receivable Supplies Equipment Land Building 7,000 30,600 1,530 10,300 7,400 26,600 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid in capital Retained earnings $ 9,600 3,340 47,600 1,600 6,400 14,890 a. Rebuilt and delivered five pianos in January to customers who paid $18,900 in cash. b. Received a $570 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop, received $820 for rent...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,900 30,300 1,520 9,800 8,100 25, 400 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,600 3,540 47,600 192 768 20,320 a. Rebuilt and delivered five pianos in January to customers who...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ Cash Accounts receivable Supplies Equipment Land Building 7,100 30, 200 1,530 10,600 7,600 27,800 Accounts payable $ Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,600 3,140 47,100 196 784 24,010 a. Rebuilt and delivered five pianos in January to customers who...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ Cash Accounts receivable Supplies Equipment Land Building 6,900 30,700 1,470 10,100 7,700 24,400 Accounts payable $ Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,200 3,540 47,300 188 20,290 a. Rebuilt and delivered five pianos in January to customers who paid $19,400...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 8,800 44,000 2,700 11,900 9,800 37,300 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings $ 12,000 4,800 62,900 2,800 8,440 23,560 Required: For the transactions below, indicate how the transactions will affect the...
[The following information applies to the questions displayed below.] Stacey's Piano Rebuilding Company has been operating...
[The following information applies to the questions displayed below.] Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6,700 Accounts payable $ 8,800 Accounts receivable 30,700 Unearned revenue 3,140 Supplies 1,540 Long-term note payable 47,600 Equipment 9,600 Common stock 1,640 Land 8,000 Additional paid-in capital 6,560 Building 26,800 Retained earnings 15,600 Rebuilt and delivered...
Time remainings t. Ordered as utility bill for $420 to be paid in February We 10.00...
Time remainings t. Ordered as utility bill for $420 to be paid in February We 10.00 points Stacey's Plano Rebuilding Company has been operating for one year. At the start of the second or, to income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6.900 Accounts payable $ 9.200 Accounts receivable 30 300 Unearned revenue 3,540 Supplies 1,490 Note payable long-term) 47.200 Equipment 10,400 Common ock 188 Land 7.700 Retained earnings 21,310...
Stacey's Piano Rebuilding Company has been operating for one year (2010). At the start of 2011,...
Stacey's Piano Rebuilding Company has been operating for one year (2010). At the start of 2011, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,500 Accounts payable 30,500 Unearned fee revenue (deposits) 1,480 Note payable long-term) 9,900 Contributed capital 7.600 Retained earnings 26,800 $ 8.900 3.840 47,600 7.900 14,540 a. Rebuilt and delivered five pianos in January to customers who paid $18.800 in cash....
The format is shown with the second picture. Stacey's Piano Rebuilding Company has been operating for...
The format is shown with the second picture.
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,800 30,300 1,480 9,900 7,300 26,200 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 8,800 3,740 47,200 182 728 21,330 a. Rebuilt and delivered...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6,800 Accounts payable $ 8,900 Accounts receivable 30,900 Unearned revenue 3,040 Supplies 1,490 Long-term note payable 47,500 Equipment 10,600 Common stock 1,540 Land 7,600 Additional paid-in capital 6,160 Building 26,600 Retained earnings 16,850 A. Rebuilt and delivered five pianos in January to customers who paid...
$ Cash Accounts receivable Supplies Equipment Land Building 7,000 30,600 1,530 10,300 7,400 26,600 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid in capital Retained earnings $ 9,600 3,340 47,600 1,600 6,400 14,890 a. Rebuilt and delivered five pianos in January to customers who paid $18,900 in cash. b. Received a $570 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop, received $820 for rent...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,900 30,300 1,520 9,800 8,100 25, 400 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,600 3,540 47,600 192 768 20,320 a. Rebuilt and delivered five pianos in January to customers who...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ Cash Accounts receivable Supplies Equipment Land Building 7,100 30, 200 1,530 10,600 7,600 27,800 Accounts payable $ Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,600 3,140 47,100 196 784 24,010 a. Rebuilt and delivered five pianos in January to customers who...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ Cash Accounts receivable Supplies Equipment Land Building 6,900 30,700 1,470 10,100 7,700 24,400 Accounts payable $ Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 9,200 3,540 47,300 188 20,290 a. Rebuilt and delivered five pianos in January to customers who paid $19,400...
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 8,800 44,000 2,700 11,900 9,800 37,300 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings $ 12,000 4,800 62,900 2,800 8,440 23,560 Required: For the transactions below, indicate how the transactions will affect the...
Time remainings t. Ordered as utility bill for $420 to be paid in February We 10.00 points Stacey's Plano Rebuilding Company has been operating for one year. At the start of the second or, to income statement accounts had zero balances and its balance sheet account balances were as follows: Cash $ 6.900 Accounts payable $ 9.200 Accounts receivable 30 300 Unearned revenue 3,540 Supplies 1,490 Note payable long-term) 47.200 Equipment 10,400 Common ock 188 Land 7.700 Retained earnings 21,310...
Stacey's Piano Rebuilding Company has been operating for one year (2010). At the start of 2011, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipment Land Building $ 6,500 Accounts payable 30,500 Unearned fee revenue (deposits) 1,480 Note payable long-term) 9,900 Contributed capital 7.600 Retained earnings 26,800 $ 8.900 3.840 47,600 7.900 14,540 a. Rebuilt and delivered five pianos in January to customers who paid $18.800 in cash....
The format is shown with the second picture.
Stacey's Piano Rebuilding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: $ $ Cash Accounts receivable Supplies Equipment Land Building 6,800 30,300 1,480 9,900 7,300 26,200 Accounts payable Unearned revenue Long-term note payable Common stock Additional paid-in capital Retained earnings 8,800 3,740 47,200 182 728 21,330 a. Rebuilt and delivered...
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