
Stormy Supply Store Trial Balance 31-Dec-22 $30,000 27,000 50,800 1,500 800 560 128,000 Cash Accounts receivable...
The Sport Store uses a perpetual inventory system. The following transactions occurred during April 2022: April 2 Purchased merchandise from Rough Co. for $5,600 under credit terms of 1/15, n/30, FOB factory. 3 Paid $285 for shipping charges on the April 2nd purchase. 5 Sold merchandise to Fit Co. for $3,900 under credit terms of 2/10, n/30, FOB shipping point. The cost of the merchandise was $1,400. 6 Received a $800 credit memorandum acknowledging the return of merchandise purchased on...
Baltic Supplies Unadjusted Trial Balance as at December 31st, 2018 is as follows: cash 620,000 Accounts receivable 410,000 Merchandise Inventory 480,000 Store Supplies 144,800 prepaid insurance expense 840,000 Building and equipment 2,000,000 Accumulated Depreciation-Building and Equipment 976,000 Accounts Payable 680,000 Travelling Expense Payable Unearned sales Revenue 450,000 Note Payable-Long Term 213,800 Baltic,Capital 1,700,000 Baltic withdrawal 35,000 Sales revenue earned 2,550,500 Sales discount 45,100 sales returns and allowances 62,500 cost of goods sold 401,000 salaries expense 430,000 telephone expense 85,000 Depreciation...
R. Fed Enterprises Adjusted Trial Balance 2/28/19 Cash $ 8,200 Accounts Receivable 13,100 Merchandise Inventory 58,000 Store Supplies 1,300 Equipment 45,400 Accum. Depreciation-Equip. $ 17,600 Accounts Payable 8,000 Salaries Payable 2,500 Common Stock 20,000 Retained Earnings 32,400 Dividends 8,000 Sales 353,350 Sales Discounts 4,100 Sales Returns & Allowances 6,000 Cost of Goods Sold 155,900 Depreciation Expense 6,700 Salaries Expense 62,000 Insurance Expense 8,000 Rent Expense 20,000 Store Supplies Expense 4,750 Advertising Expense 32,400 $ 433,850 $ 433,850 Calculate the following:...
simpleton company trial balance as at december 31, 2013 Account Debits Credits cash 450,000 accounts receivable 740,000 inventory 250,000 supplies 120,000 prepaid rent 75,000 office furniture 1,500,000 accumulated depreciation 450,000 account payable 380,000 salary payable 25,000 interest payable 17,000 unearned sales revenue 39,000 note payable long term 209,000 simpleton capital 1,652,500 simpleton withdrawal 105,000 sales revenue 1,200,000 interest revenue 16,000 sales discount 32,000 sales returns and allowances 21,000 cost of goods sold 213,500 salary expense 105,000 rent expense 135,000 depreciation...
simpleton company trial balance as at december 31, 2013 Account Debits Credits cash 450,000 accounts receivable 740,000 inventory 250,000 supplies 120,000 prepaid rent 75,000 office furniture 1,500,000 accumulated depreciation 450,000 account payable 380,000 salary payable 25,000 interest payable 17,000 unearned sales revenue 39,000 note payable long term 209,000 simpleton capital 1,652,500 simpleton withdrawal 105,000 sales revenue 1,200,000 interest revenue 16,000 sales discount 32,000 sales returns and allowances 21,000 cost of goods sold 213,500 salary expense 105,000 rent expense 135,000 depreciation...
Label as financing, operating, investing activities. Cash Investment Securities--AFS Accrured Interest Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Prepaid Insurance Store Supplies Land Building Accumulated Depreciation: Building Office & Store Equipment Accumulated Depreciation: Office & Store Equipment Delivery Trucks Accumulated Depreciation: Delivery Trucks Accounts Payable FICA Taxes Payable Withholding Taxes Payable Unemployment Taxes Payable Union Dues Payable Salaries & Wages Payable Accrued Utilities Payable Income taxes payable Mortgage Payable Accrued Interest Payable Common Stock PIC in Excess of...
PROBLEM #1 OUTDOORS, INC. Adjusted Trial Balance December 31, 2019 Debit($) Credit($). Cash 12,400 Accounts receivable 18,600 Supplies 4,200 Prepaid Insurance 2.930 Office Equipment 70,000 Accumulated depreciation 13,000 Building 80,000 Accumulated depreciation 20,000 Land 60,000 Bonds Payable 120,000 Accounts payable 17,100 Unearned subscription revenue 15,000 Salaried Payable 3,500 Common Stock 35,000 Retained Earnings 21,400 Subscription Revenue 195,700 Advertising Revenue 39,300 Salaries Expense 125,410 Printing and mailing expense 80,800 Rent Expense 9,100 Supplies Expense 6,600 Insurance Expense 1,860 Depreciation Expense 5,600...
Trial balance as of dec 1,2018 Cash 405,653 Accounts Receivable 615,000 Allowance for Doubtful Accounts 4,600 Marketable Securities 18,000 Inventory 100,000 Prepaid Rent 40,600 Prepaid Insurance 38,500 Supplies 3,600 Equipment 150,000 Accumulated Depreciation Equipment 37,500 Truck 56,500 Accumulated Depreciation Truck 15,875 Land 35,000 Patents 75,000 Accounts Payable 183,300 Salaries Payable 36,000 Payroll Taxes Payable 8,000 Income Tax Payable 19,585 Note Payable -short...
Trevor Company has the following adjusted trial balance at December 31, 2019: Account Cash Accounts Receivable Inventory Supplies Prepaid Rent Land Building Accumulated Depreciation-Building Accounts Payable Debit $1,000 800 ,900 1,800 700 6,500 39,200 Credit $8,800 7,400 O A. $21,100 B. $20,200 O c. $24,200 O D. $23,300 Click to select your answer. Accounts Payable Unearned Revenue 7,400 3,700 2,200 6,500 3,100 Notes Payable, due 2020 Common Stock Retained Earnings Dividends Service Revenue Rent Expense Supplies Expense Salaries Expense Depreciation...
Ramirez and Xue Trial Balance December 31, 20Y2 Debit Balances Credit Balances Cash 46,200 Accounts Receivable 44,000 Supplies 1,700 Land 110,000 Building 120,100 Accumulated Depreciation—Building 68,800 Office Equipment 50,600 Accumulated Depreciation—Office Equipment 21,300 Accounts Payable 32,800 Salaries Payable 3,500 Camila Ramirez, Capital 110,000 Camila Ramirez, Drawing 49,500 Ping Xue, Capital 66,000 Ping Xue, Drawing 71,500 Professional Fees 399,600 Salary Expense 160,600 Depreciation Expense—Building 15,900 Property Tax Expense 9,900 Heating and Lighting Expense 7,900 Supplies Expense 5,700 Depreciation Expense—Office Equipment 5,000...