Homework Answers
The transactions between September 16 and September 30 of GOO Inc. are journalised below in the table:
Please note that DIvidends paid has been shown directly since there was no mention of Dividend Decllaration in the question. Hence, Dividend Payable account is not mentioned. It is assumed that Dividend is directly paid from cash and adjusted to debit balance of Dividends Account..
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Question Help The trial balance for GOO, Inc., at September 15, 2018, follows: During the remainder...
GOO Solutions, Inc. Trial Balance September 15, 2016 Acct # Account Debit Credit $ 3,700 9,100...
GOO Solutions, Inc. Trial Balance September 15, 2016 Acct # Account Debit Credit $ 3,700 9,100 600 11,700 110 Cash 112 Accounts receivable 115 Supplies 140 Equipment 210 Accounts payable 311 Common stock 315 Dividends 411 Service revenue 511 Salaries expense 515 Rent expense $4,100 20,800 2,700 7,000 2,700 1,400 $31,900$ 31,900 Total More Info Sep 16 Collected $3,400 cash from a client on account. 18 Provided services on account, $1,900. 21 Received $2,500 cash for services provided. 23 Purchased...
Sep 16 Collected $3,000 cash from a client on account. 18 Provided services on account, $2,500....
Sep 16 Collected $3,000 cash from a client on account. 18 Provided services on account, $2,500. 21 Received $1,200 cash for services provided. 23 Purchased supplies on account, $900. 25 Paid $1,900 in dividends. 27 Paid $2,000 on account. 29 Received $3,300 cash for services provided. 30 Paid rent, $2,000. 30 Paid employees' salaries, $2,500. GOO, Inc. Trial Balance September 15, 2018 Acct # Account Debit Credit 110 Cash $ 3,700 112 7,300 Accounts receivable Supplies 115 100 140 11,700...
Question Help The September 30, 2018 adjusted trial balance of De Leche, Inc., is shown below....
Question Help The September 30, 2018 adjusted trial balance of De Leche, Inc., is shown below. (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the September closing entries for De Leche, Inc. (Record dabits first, then credits. Exclude explanations from any joumal entries.) Begin by closing out the revenue accounts Journal Entry Date Accounts Debit T Credit Choose from any list or enter any number in the input fields and then continue to...
Question Help The September 30, 2018 adjusted trial balance of Caramel Craze, Inc., is shown below....
Question Help The September 30, 2018 adjusted trial balance of Caramel Craze, Inc., is shown below. Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the September closing entries for Caramel Craze, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by closing out the revenue accounts. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the...
The trial balance of Addison, Inc., at September 30, 2018, does not balar (Click the icon...
The trial balance of Addison, Inc., at September 30, 2018, does not balar (Click the icon to view the trial balance.) Addison, Inc. Trial Balance September 30, 2018 Balance Account Debit Credit Cash Accounts receivable Inventory Supplies Land Accounts payable Common stock Sales revenue Insurance expense Salary expense Rent expense Utilities expense Total Enter any number in the edit fields and then click Check Answer. i Data Table Cash ... $ Accounts receivable 14,100 12,700 .... 16,900 800 Inventory Supplies...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $ 2,600 Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense 11,700 17,000 1,600 1,900 400 21 200 21200 Print Done AL in More Info 2 Borrowed $46,000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions A (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required....
2-30A Similar to) Stewart started her practice as a design consultant on September 1, 2018. During...
2-30A Similar to) Stewart started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transac Click the loon to view the transactions.) the requirements More Info Balance count Title Debit Credit Sep. 1 Received $44,000 cash and issued common stock to Stewart 4 6 Purchased office supplies, $1,100, and furniture, $1,500, on account. Performed services for a law firm and received $1,300 cash. 7 10 Paid $26,000 cash...
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the...
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as $200. c. Did not record utilities expense or the related account payable in the amount of $340. d. Understated Common Stock by $500. e. Omitted Insurance...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: Sep. 1 Received 548,000 cash and issued common stock to Simpson. Purchased office supplies, $1,200, and furniture, 51,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay...
GOO Solutions, Inc. Trial Balance September 15, 2016 Acct # Account Debit Credit $ 3,700 9,100 600 11,700 110 Cash 112 Accounts receivable 115 Supplies 140 Equipment 210 Accounts payable 311 Common stock 315 Dividends 411 Service revenue 511 Salaries expense 515 Rent expense $4,100 20,800 2,700 7,000 2,700 1,400 $31,900$ 31,900 Total More Info Sep 16 Collected $3,400 cash from a client on account. 18 Provided services on account, $1,900. 21 Received $2,500 cash for services provided. 23 Purchased...
Sep 16 Collected $3,000 cash from a client on account. 18 Provided services on account, $2,500. 21 Received $1,200 cash for services provided. 23 Purchased supplies on account, $900. 25 Paid $1,900 in dividends. 27 Paid $2,000 on account. 29 Received $3,300 cash for services provided. 30 Paid rent, $2,000. 30 Paid employees' salaries, $2,500. GOO, Inc. Trial Balance September 15, 2018 Acct # Account Debit Credit 110 Cash $ 3,700 112 7,300 Accounts receivable Supplies 115 100 140 11,700...
Question Help The September 30, 2018 adjusted trial balance of De Leche, Inc., is shown below. (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the September closing entries for De Leche, Inc. (Record dabits first, then credits. Exclude explanations from any joumal entries.) Begin by closing out the revenue accounts Journal Entry Date Accounts Debit T Credit Choose from any list or enter any number in the input fields and then continue to...
Question Help The September 30, 2018 adjusted trial balance of Caramel Craze, Inc., is shown below. Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the September closing entries for Caramel Craze, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by closing out the revenue accounts. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the...
The trial balance of Addison, Inc., at September 30, 2018, does not balar (Click the icon to view the trial balance.) Addison, Inc. Trial Balance September 30, 2018 Balance Account Debit Credit Cash Accounts receivable Inventory Supplies Land Accounts payable Common stock Sales revenue Insurance expense Salary expense Rent expense Utilities expense Total Enter any number in the edit fields and then click Check Answer. i Data Table Cash ... $ Accounts receivable 14,100 12,700 .... 16,900 800 Inventory Supplies...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $ 2,600 Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense 11,700 17,000 1,600 1,900 400 21 200 21200 Print Done AL in More Info 2 Borrowed $46,000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000...
Doris Stann started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions A (Click the icon to view the transactions.) Read the requirements Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required....
2-30A Similar to) Stewart started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transac Click the loon to view the transactions.) the requirements More Info Balance count Title Debit Credit Sep. 1 Received $44,000 cash and issued common stock to Stewart 4 6 Purchased office supplies, $1,100, and furniture, $1,500, on account. Performed services for a law firm and received $1,300 cash. 7 10 Paid $26,000 cash...
The trial balance of Amanda's Candies, Inc., at September 30, 2014 does not balance: (Click the icon to view the trial balance.) The accounting records hold the following errors: a. Recorded a $400 cash revenue transaction by debiting Accounts Receivable. The credit entry was correct. b. Posted a $2,000 credit to Accounts Payable as $200. c. Did not record utilities expense or the related account payable in the amount of $340. d. Understated Common Stock by $500. e. Omitted Insurance...
Ann Simpson started her practice as a design consultant on September 1, 2018. During the first month of operations, the business completed the following transactions: Sep. 1 Received 548,000 cash and issued common stock to Simpson. Purchased office supplies, $1,200, and furniture, 51,300, on account. 6 Performed services for a law firm and received $1,900 cash. 7 Paid $18,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay...
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