Homework Answers
Tota credit = Accounts payable + Notes payable + common stock + revenue
= 4000+6000+2000+32000
= $44000
Option C. is correct answer.
Add Answer to:
DJ ULICU 43. Electrelane Company showed the following balances at the end of its first year:...
Gold Enterprises showed the following balances at the end of its first year: Cash $ 4,000...
Gold Enterprises showed the following balances at the end of its first year: Cash $ 4,000 Prepaid insurance 7,000 Accounts receivable 5,000 Accounts payable 5,000 Notes payable 6,000 Common stock 2,000 Dividends 1,000 Revenues 32,000 Expenses 25,000 What did Gold Enterprises show as total credits on its trial balance? a. $12,000 b. $44,000 C. $45,000 d. $50,000
cc Winrow Company showed the following balances at the end of its first year: Cash $11,000...
cc Winrow Company showed the following balances at the end of its first year: Cash $11,000 Prepaid insurance 500 Accounts receivable 2,500 Accounts payable 2,000 Notes payable 3,000 Common stock 5,000 Dividends 500 Revenues 17,000 Expenses 12,500 What did Winrow Company show as total credits on its trial balance
Qwik Company showed the following balances at the end of its first year: Cash &n
Qwik Company showed the following balances at the end of its first year: Cash $8,700 Prepaid insurance $9,400 A/R $7,000 A/P $5,800 Notes Payable $9,400 S.E. $2,300 Dividends $1,400 Revenues $44,000 Expenses $35,000 What did Qwik Company show as total credits on its trial balance?
Sheridan Company showed the following balances at the end of its first year: Cash $3930 Prepaid...
Sheridan Company showed the following balances at the end of its first year: Cash $3930 Prepaid insurance 6900 Accounts receivable 4930 Accounts payable 3970 Notes payable 5980 Owner’s Capital 1990 Owner’s Dividends 920 Revenues 31200 Expenses 25200 What did Sheridan Company show as total credits on its trial balance? a $40130 b $43140 c $11920 d $43220
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the...
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance...
Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 6,000 6,000 Supplies 2,000 2,000 Equipment 19,000 19,000 Accumulated Depr. 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2,000 2,000 Common Stock 5,000 5,000 Retained Earnings 10,765 10,765 Dividends 1,000 1,000 Fees Earned 42,594 42,594 Wages Expense 20,402 20,402 Rent Expense 6,087 6,087 Depreciation Expense 5,870 5,870 Totals 76,359 76,359...
40&41 please 39. Preparing a trial balance: Barnes Company showed the following balances at the end...
40&41 please
39. Preparing a trial balance: Barnes Company showed the following balances at the end of the reporting period: Cash $7,000 Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock 700 3,500 2,800 4,200 1,400 Dividends 700 Revenues 21,000 17,500 Еxpenses What did Barnes Company show as total credits in dollars on its trial balance? A) $30,800 B) $29,400 C) $30,100 D) $28,700 A company sells 150 units to their custo.ner at S10.00 each. If each unit of...
Beck Company had the following accounts and balances at the end of the year. What is...
Beck Company had the following accounts and balances at the end of the year. What is net income or net loss for the year? Cash $69,000 Accounts Payable $12,000 Common Stock $21,000 Dividends $12,000 Operating Expenses $12,000 Accounts Receivable $51,000 Inventory $44,000 Long-term Notes Payable $33,000 Revenues $92,000 Salaries Payable $31,000 A. net loss of $7,000 OB. net income of $92,000 OC. net income of $80,000 OD. net income of $5,000
Nash's Trading Post, LLC's trial balance reported the following balances at the end of its first...
Nash's Trading Post, LLC's trial balance reported the following balances at the end of its first year: Cash $10360 Prepaid insurance 520 Accounts receivable 2590 Accounts payable 2070 Notes payable 3110 Common stock 4000 Dividends 520 Revenues 21460 Expenses 12950 What amount did Nash's Trading Post, LLC's trial balance show as total credits?
Gold Enterprises showed the following balances at the end of its first year: Cash $ 4,000 Prepaid insurance 7,000 Accounts receivable 5,000 Accounts payable 5,000 Notes payable 6,000 Common stock 2,000 Dividends 1,000 Revenues 32,000 Expenses 25,000 What did Gold Enterprises show as total credits on its trial balance? a. $12,000 b. $44,000 C. $45,000 d. $50,000
Problem 2-6B Prepare a trial balance (LO2-6) Below are account balances of Ducks Company at the end of September Balances $ 12,000 3,000 Accounts Balances Accounts Cash $20,000 Retained Earnings Accounts Receivable 13,000 Dividends Supplies 6,000 Service Revenue Prepaid Insurance 4,000 Salaries Expense Equipment 23,000 Insurance Expense Accounts Payable 6,000 Advertising Expense Salaries Payable 3,000 Supplies Expense Utilities Payable 1,000 Entertainment Expense Deferred Revenue 8,000 Utilities Expense Common Stock 24,000 8,000 7,000 1,000 9,000 5,000 1,000 Required: Prepare a trial...
Below are the account balances of Bruins Company at the end of November. Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Salaries Payable Interest Payable Deferred Revenue Notes Payable Balances Accounts $ 40,000 Common Stock 50,000 Retained Earnings 1,100 Dividends 3,000 Service Revenue Salaries Expense 17,000 Rent Expense 5,000 Interest Expense 3,000 Supplies Expense 9,000 Utilities Expense 30,000 Balances $50,000 35,000 1,100 65,000 30,000 12,000 3,000 7,000 6,000 Required: Prepare a trial balance by placing amounts in the...
40&41 please
39. Preparing a trial balance: Barnes Company showed the following balances at the end of the reporting period: Cash $7,000 Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock 700 3,500 2,800 4,200 1,400 Dividends 700 Revenues 21,000 17,500 Еxpenses What did Barnes Company show as total credits in dollars on its trial balance? A) $30,800 B) $29,400 C) $30,100 D) $28,700 A company sells 150 units to their custo.ner at S10.00 each. If each unit of...
Beck Company had the following accounts and balances at the end of the year. What is net income or net loss for the year? Cash $69,000 Accounts Payable $12,000 Common Stock $21,000 Dividends $12,000 Operating Expenses $12,000 Accounts Receivable $51,000 Inventory $44,000 Long-term Notes Payable $33,000 Revenues $92,000 Salaries Payable $31,000 A. net loss of $7,000 OB. net income of $92,000 OC. net income of $80,000 OD. net income of $5,000
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago