Homework Answers
| Answers | |||
| X | 1 | Salary Payable was increased | |
| X | 2 | cash was decreased | |
| 3 | equipment was increased | ||
| X | 4 | owner capital was incresed | |
| 5 | salaries expenses was increased | ||
| X | 6 | account receivables was decreased | |
| X | 7 | Unearned revenue was increased | |
| 8 | Owners withdrawals was increased | ||
| 9 | Suplies was increased | ||
| 10 | Building was increased | ||
| 11 | Utilities expenses was increased | ||
| X | 12 | Service Revenue was increased | |
| Logic | |||
| Revenue | |||
| Increase | Credit | ||
| Decrease | Debit | ||
| Liabilities | |||
| Increase | Credit | ||
| Decrease | Debit | ||
| Expenses | |||
| Increase | Debit | ||
| Decrease | Credit | ||
| Assets | |||
| Increase | Debit | ||
| Decrease | Credit | ||
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43. Review the transactions below and identify with an "X" those that would be posted as...
The following is the adjusted trial balance for Baker Services. Accounts Debit Credit Cash $50,700 Accounts...
The following is the adjusted trial balance for Baker Services. Accounts Debit Credit Cash $50,700 Accounts Receivable 30,000 Prepaid Insurance 6,500 Office Supplies 3,000 Land 50,000 Building 140,000 Accumulated Depreciation—Building $16,500 Equipment 76,000 Accumulated Depreciation—Equipment 7,000 Accounts Payable 27,000 Salaries Payable 3,000 Unearned Revenue 24,000 Mortgage Payable 102,000 Baker, Capital 25,500 Baker, Withdrawals 25,000 Service Revenue 290,000 Salaries Expense 63,000 Depreciation Expense—Building and Equipment 6,000 Supplies Expense 11,000 Insurance Expense 14,800 Utilities Expense 19,000 Total $495,000 $495,000 There were no...
just need 1, 3, 7 One part of an adjustment is given below. Indicate the account...
just need 1, 3, 7
One part of an adjustment is given below. Indicate the account title for the other part of the adjustment Utilities Payable Interest Expense Rent Expense 1. Unearned Service Revenue is decreased. ✓ Accounts Receivable or Unearned Service Revenue Accumulated Depreciation Equipment 2. Prepaid Rent is decreased Unearned Service Revenue Interest Revenue 3. Accounts Receivable is increased. Service Revenue Depreciation Expense on equipment is increased. Accumulated Depreciation-Equipment 5. Utilities Expense is increased. Utilities Payable 4. 6....
need help solving On January 1, 2018, Dakota, Inc., had the following account balances in its...
need help solving
On January 1, 2018, Dakota, Inc., had the following account balances in its general ledger. All accounts have a "normal" type of balance, i.e., a debitor credit balance, depending on the type of acc Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Utilities Payable Unearned Revenue Notes Payable Owner Capital Withdrawals Service Revenue Rent Expense Salaries Expense Insurance Expense Supplies Expense Utilities Expense Depreciation Expense Interest Expense $255,000 160,000 60,000 0 550,000...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Merry, Capital; Merry, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry 2. Open the four-column ledger accounts listed in the trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12, Office Supplies, 13, Land, 14; Furniture, 15; Automobile,...
Enter the following transactions in the T-accounts below. Use key letters to identify each transaction. Foot...
Enter the following transactions in the T-accounts below. Use key letters to identify each transaction. Foot and balance each T-account. Prepare a Trial Balance in good form. h Owner invests $20,000 cash and $300 of supplies in his new business, Happy Hunters. Recorded cash received for services rendered, $2,500. Billed customers for services rendered, $2,800. Received water bill, $240. Purchased supplies for $150 on account. Purchased equipment costing $900, paying $100 down and the remainder on account. Paid for an...
Enter your awet in the box and thence Check Answer ICE CHAP. 4 (Table 4-8 Tuttle...
Enter your awet in the box and thence Check Answer ICE CHAP. 4 (Table 4-8 Tuttle Photography and Test Bank 44) & o The following is the adjusted trial balance for Tuttle Photography. Debit Credit S15,000 30.000 7,500 3.200 40.000 160,000 $12.000 75.000 Accounts Cash Accounts receivable Prepaid insurance Office supplies Land Building Accumulated amortization Equipment Accumulated amortization Accounts payable Salaries payable Uncamned service revenue Mortgage payable R. Tuttle capital R. Tuttle, withdrawals Service revenue Salaries expense Amortization expense Supplies...
P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance. P2-30A Journalizing transactions,...
P2-30A Journalizing transactions, posting journal entries to
T-accounts, and preparing a trial balance.
P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Learning Objectives 3,4 4 Toal Debits $50.050 Doris Sewart sarted her practice as a design consulant on September 1, 2015. During the first month of operations, the business completed the following transactions Sep. 1 Received $42,000 cash and gave capital to Stewart 4 Purchased office supplies, $700, and furniture, $1,900, on account 6 Performed...
Harley Carpentry had the following accounts and account balances teadusting ents. Asume ETT (Click the icon...
Harley Carpentry had the following accounts and account balances teadusting ents. Asume ETT (Click the icon to view the account balances accounts are normal biances Prepare the balance for any Carpentry as December 31, 2018 Equipment Accumulated amortization equipment 2.500 Accounts payable Uoties payable Unearned revenue Harley, capital Harley withdrawals Service revenue Salaries expense Amortization expense Supplies expense quipment Utilities expense Enter any number in the edit fields and then click Check Answer Harley Carpentry had the following accounts and...
obligations to transfera don against assets creditors individual Chapter 2: Essay Questions 42. Identify each of...
obligations to transfera don against assets creditors individual Chapter 2: Essay Questions 42. Identify each of the following accounts as a revenue (R), expense (E), asset (A), Viability (L) or equity (OE) by placing initials (R.E.A.L or OE) in the blanks 1. Salary Expense 2. Cash 3. Equipment 4. Owner, Capital 5. Fees Revenue 6. Accounts Receivable 7. Accounts Payable 8. Owner, Withdrawals 9. Supplies 10. Unearned Revenue 11. Prepaid Insurance 12. Office Furniture
just need 1, 3, 7
One part of an adjustment is given below. Indicate the account title for the other part of the adjustment Utilities Payable Interest Expense Rent Expense 1. Unearned Service Revenue is decreased. ✓ Accounts Receivable or Unearned Service Revenue Accumulated Depreciation Equipment 2. Prepaid Rent is decreased Unearned Service Revenue Interest Revenue 3. Accounts Receivable is increased. Service Revenue Depreciation Expense on equipment is increased. Accumulated Depreciation-Equipment 5. Utilities Expense is increased. Utilities Payable 4. 6....
need help solving
On January 1, 2018, Dakota, Inc., had the following account balances in its general ledger. All accounts have a "normal" type of balance, i.e., a debitor credit balance, depending on the type of acc Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Utilities Payable Unearned Revenue Notes Payable Owner Capital Withdrawals Service Revenue Rent Expense Salaries Expense Insurance Expense Supplies Expense Utilities Expense Depreciation Expense Interest Expense $255,000 160,000 60,000 0 550,000...
Identify each of the following accounts as a revenue, expense, asset, liability, or equity by placing initials (R, Exp. A, L or Eq) in the blanks. Place your answers on the data sheet. (1) Owner, capital (2) Accounts Receivable (3) Owner, drawings Sales (5) Service Revenue (6) Rent Expense (7) Equipment (8) Prepaid Insurance (9) Accounts Payable (10) Supplies (11) Cash (12) Unearned Revenue The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the...
RequiementsP2-32 A 1. Record the Aprl transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Merry, Capital; Merry, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry 2. Open the four-column ledger accounts listed in the trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12, Office Supplies, 13, Land, 14; Furniture, 15; Automobile,...
Enter the following transactions in the T-accounts below. Use key letters to identify each transaction. Foot and balance each T-account. Prepare a Trial Balance in good form. h Owner invests $20,000 cash and $300 of supplies in his new business, Happy Hunters. Recorded cash received for services rendered, $2,500. Billed customers for services rendered, $2,800. Received water bill, $240. Purchased supplies for $150 on account. Purchased equipment costing $900, paying $100 down and the remainder on account. Paid for an...
Enter your awet in the box and thence Check Answer ICE CHAP. 4 (Table 4-8 Tuttle Photography and Test Bank 44) & o The following is the adjusted trial balance for Tuttle Photography. Debit Credit S15,000 30.000 7,500 3.200 40.000 160,000 $12.000 75.000 Accounts Cash Accounts receivable Prepaid insurance Office supplies Land Building Accumulated amortization Equipment Accumulated amortization Accounts payable Salaries payable Uncamned service revenue Mortgage payable R. Tuttle capital R. Tuttle, withdrawals Service revenue Salaries expense Amortization expense Supplies...
P2-30A Journalizing transactions, posting journal entries to
T-accounts, and preparing a trial balance.
P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance Learning Objectives 3,4 4 Toal Debits $50.050 Doris Sewart sarted her practice as a design consulant on September 1, 2015. During the first month of operations, the business completed the following transactions Sep. 1 Received $42,000 cash and gave capital to Stewart 4 Purchased office supplies, $700, and furniture, $1,900, on account 6 Performed...
Harley Carpentry had the following accounts and account balances teadusting ents. Asume ETT (Click the icon to view the account balances accounts are normal biances Prepare the balance for any Carpentry as December 31, 2018 Equipment Accumulated amortization equipment 2.500 Accounts payable Uoties payable Unearned revenue Harley, capital Harley withdrawals Service revenue Salaries expense Amortization expense Supplies expense quipment Utilities expense Enter any number in the edit fields and then click Check Answer Harley Carpentry had the following accounts and...
obligations to transfera don against assets creditors individual Chapter 2: Essay Questions 42. Identify each of the following accounts as a revenue (R), expense (E), asset (A), Viability (L) or equity (OE) by placing initials (R.E.A.L or OE) in the blanks 1. Salary Expense 2. Cash 3. Equipment 4. Owner, Capital 5. Fees Revenue 6. Accounts Receivable 7. Accounts Payable 8. Owner, Withdrawals 9. Supplies 10. Unearned Revenue 11. Prepaid Insurance 12. Office Furniture
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