HomeworkLib
Question

CHART OF ACCOUNTS CLGL Assets 111 Cash 112 Accounts Receivable 114 Prepaid Insurance 121 Land 122 Building 123 Accumulated DeYou are to record transactions in a two-column general journal. Assume that the fiscal period is one month. You will then beounting Cycle for a Service Business: Analyzing Business Transactions ped upon is 10 percent July 2 Bought 125 inner tubes fr21 Received $10,330 in cash as income for the use of the facilities. 21 Paid cash to Worn Tires as partial payment on accountCHAPTER 5: CLOSING ENTRIES AND THE POST-CLOSING TRIAL BALANCE pare a trial balance. (If using a work sheet, use the first two

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1


-Answer Dale Particulars Amt Ant cash 12240 Jul oa utilities expense 1225 cash 506 Accounts Payable 725 Jul oz cash 250 conesJuly Cash louus income from servicos Ibuus Jul 15 wagos expense quo Co on auto Jul 16 Accounts yable 1150 cash 1150 Jul 16 Jumiscellaneous 242 Jul 25 २१२ cash Jul 29 wages exp 8227 8227 cash cash 11870 income from servicos 11870 Jul 31 Accounts cashAdjustment ontries Jul 31 1620 Insurance Prepaid exp insurance 1020 Jul 31 Depreciation 486 exp, buil ding dep U80 accumulate

0 0
Add a comment
Know the answer?
Add Answer to:
CHART OF ACCOUNTS CLGL Assets 111 Cash 112 Accounts Receivable 114 Prepaid Insurance 121 Land 122...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • How to do the adjusting entries. Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated...

    How to do the adjusting entries. Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Debits Credits S 53,200 15,400 7,000 4,000 48,000 136,000 $ 8,000 6,700 13,800 150,000 72,500 2.800 38,960 12,360 Salaries Expense Depreciation Expense Insurance Expense 2,700 5,000 Property Tax Expense Totals 294,960 $294.960 The following is a summary of the transactions for the year: a. December 12 c. December 18 d. December 28...

  • PROBLEM 3-3A Following is the chart of accounts of the C. Lucern Clinic Assets Revenue 111...

    PROBLEM 3-3A Following is the chart of accounts of the C. Lucern Clinic Assets Revenue 111 Cash 411 Professional Fees 113 Accounts Receivable 115 Supplies Expenses 117 Prepaid Insurance 511 Salary Expense 124 Equipment 512 Rent Expense 513 Laboratory Expense 514 Utilities Expense (Continued) dan the oth NULL Rem e nts 530 Download Mr Sahib Check 2679 16 The equipment purchased on July was found to be broken. Die Lacet retumed the da p urt and received a reduction in...

  • CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Interest...

    CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land 123 Trucks 124 Accumulated Depreciation-Trucks 125 Equipment 126 Accumulated Depreciation-Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 133 Patents LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary REVENUE...

  • Paddleboard Adventures, Inc. Chart of Accounts June 2016 Assets Cash Accounts Receivable Prepaid Insurance Paddleboards River...

    Paddleboard Adventures, Inc. Chart of Accounts June 2016 Assets Cash Accounts Receivable Prepaid Insurance Paddleboards River Paddleboards Trailer Leasehold Improvements Liabilities Visa Card Payable Dividends Payable Accounts Payable Equity Common Stock Dividends Retained Earnings Revenue Rental Income Clinic Income Expenses Marketing Expense Rent Expense Office Supplies Expense Insurance Expense Contract Labor License & Tax Expense Banking Expense Maintenance Expense Utility Expense Charitable Contributions Paddleboard Adventures, Inc. June 2016 Transactions Winter Term BA 211 6/1 6/2 6/3 6/4 6/7 6/8 6/9...

  • What is the accounts receivable, supplies, prepaid insurance, & equipment? The table is shown Accounts Receivable...

    What is the accounts receivable, supplies, prepaid insurance, & equipment? The table is shown Accounts Receivable 12 Post Balance Dr. Dr. Date Item Ref. Crг. Cr. 2019 June Supplies 13 Post Balance Cr. Date Item Ref. Dr. Dr. Cr. 2019 June Prepaid Insurance 14 Enter as a formula calling Dr. Balance Dr. Date Item Cr. Cr. on amounts in 2019 the trial balance. June 16 Equipment Post Balance Ref. Dr. Date 2019 Item Dr. Cr. Cr. June EQUITY 31 Kris...

  • CHART OF ACCOUNTS Thomson Co. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable...

    CHART OF ACCOUNTS Thomson Co. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable...

  • QUESTION 2 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for...

    QUESTION 2 101 Cash 111 Notes Receivable 112 Accounts Receivable 114 Interest Receivable 119 Allow for Doubt Accounts 121 Inventory 125 Supplies 130 Prepaid Insurance 132 Prepaid Rent 161 Equipment 162 Accumulated Depreciation CHART OF ACCOUNTS 211 Notes Payable 212 Accounts Payable 214 Interest Payable 216 Wages Payable 261 Unearned Revenue 281 Bonds Payable 311 Common Stock 312 In Excess of Par 320 Retained Earnings 332 Dividends 350 Income Summary 401 Service Revenue 491 Interest Revenue 501 Cost of Goods...

  • Chapter Assignments 133 Ozaki Tax Service Trial Balance December 31, 20x8 Cash Accounts Receivable Prepaid Insurance...

    Chapter Assignments 133 Ozaki Tax Service Trial Balance December 31, 20x8 Cash Accounts Receivable Prepaid Insurance Office Supplies Office Equipment Accumulated Depreciation-Office $ 2,268 1,031 782 7,100 Equipment Accounts Payable Unearned Tax Fees J. Ozaki, Capital J. Ozaki, Withdrawals Tax Fees Revenue Office Salaries Expense Advertising Expense Rent Expense Telephone Expense 770 635 219 5,439 6,000 21,926 8,300 650 2,400 218 $28,989 $28,989 The following information is also available: a. Office supplies on hand, December 31, 20x8, $227. b. Insurance...

  • Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Supplies 4,700 42,650 7,950 2,170 125,420 306,260...

    Debit Balances Credit Balances Cash Accounts Receivable Prepaid Insurance Supplies 4,700 42,650 7,950 2,170 125,420 306,260 Land 153,250 Building Accumulated Depreciation--Building Equipment Accumulated Depreciation-Equipment Accounts Payable 150,720 109,150 13,370 7,590 325,800 Unearned Rent 16,630 361,430 Suzanne Emerson, Capital Suzanne Emerson, Drawing Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 215,410 47,350 25,300 19,160 6,870 970,590 970,590 The data needed to determine year-end adjustments are as follows: • Unexpired insurance at October 31, $5,330. •...

  • 1. The chart of accounts and post-closing trial balance (April 2017) for Mike Shaw Contractors is shown below. For each...

    1. The chart of accounts and post-closing trial balance (April 2017) for Mike Shaw Contractors is shown below. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. Date the balances May 1, 2017, and place a check mark in the Posting Reference column. Journalize each of the May transactions in a two-column journal starting on Page 5 of the journal and using Mike Shaw's chart of accounts. (Do not...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT