Homework Answers
| No. | Date | Account Title | Debit | Credit |
| 8 | Jan 31 | Rent expense [10800 ÷ 12] | $ 900 | |
| Cash | $ 900 | |||
| [To record payment of rent] | ||||
| 9 | Jan 31 | Supplies expense [$4,700 - $4,400] | $ 300 | |
| Supplies | $ 300 | |||
| [To record supplies expense] | ||||
| 10 | Jan 31 | Unearned service revenue | $ 4,400 | |
| Service revenue | $ 4,400 | |||
| [To record cash collected from customers] | ||||
| 11 | Jan 31 | Salaries expense | $ 4,680 | |
| Salaries payable | $ 4,680 | |||
| [To record salaries unpaid] | ||||
| 12 | Jan 31 | Service revenue [27100+4400] | $ 31,500 | |
| Income summary | $ 31,500 | |||
| [To close revenues accounts] | ||||
| 13 | Jan 31 | Income summary | $ 18,980 | |
| Rent expense | $ 900 | |||
| Supplies expense | $ 300 | |||
| Salaries expense [13100+4680] | $ 17,780 | |||
| [To close expense accounts] | ||||
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On January 1, Year 1, the general ledger of a company includes
the following account balances:...
On January 1, 2018, the general ledger of Big Blast Fireworks includes the following account balances: ...
On January 1, 2018, the general ledger of Big Blast Fireworks
includes the following account balances:
Accounts
Debit
Credit
Cash
$
24,700
Accounts Receivable
43,500
Inventory
44,000
Land
82,600
Allowance for Uncollectible Accounts
3,100
Accounts Payable
28,200
Notes Payable (9%, due in 3 years)
44,000
Common Stock
70,000
Retained Earnings
49,500
Totals
$
194,800
$
194,800
The $44,000 beginning balance of inventory consists of 440
units, each costing $100. During January 2018, Big Blast Fireworks
had the following inventory transactions:
...
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances:...
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances: Credit Debit $ 43,200 45,500 8,000 69,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings $ 9,500 15,100 15,000 85,000 41,100 Totals $165,700 $165,700 During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Debit $ 43,900 Credit Accounts Cash 46,900 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable 8,700 76,000 $ 10,200 15,800 Common Stock, $1 par value Additional Paid-in Capital 12,000 92,000 Retained Earnings 45,500 $175,500 $175,500 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000 January 9 Provide services to customers on...
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit...
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,200 6,600 4,500 64, eee ok $ 4,600 79,000 16,700 $100,300 $100,300 nces During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $10,200 (5850/month). January 9 Purchase additional supplies on account, $4,900. January 13 Provide services to customers on account, $26,900....
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:...
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Accounts Payable Notes Payable (8%, due in 3 years) Common Stock Retained Earnings Totals Debit Credit $ 24,900 44,000 $ 3,300 45,000 84,100 27,700 45,000 71,000 51,000 $198,000 $198,000 The $45,000 beginning balance of inventory consists of 450 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions: January...
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances:...
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 26,100 14,700 $ 3,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 3,600 15,000 80,000 7,900 95,000 33,500 $139,400 $139,400 During January 2021, the following transactions occur: January 2 Provide services to customers for cash, $46,100. January 6 Provide services to customers on account, $83,400....
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Debit 12,400 Credi...
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Debit 12,400 Credit Accounts Cash Accounts Receivable 36,400 Inventory 153,200 Land 79,300 Buildings 132,000 $ 3,000 10,800 Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock 30,900 212,000 Retained Earnings 156,600 $413,300 $413,300 Totals During January 2021, the following transactions occur: Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at matures in 5 years. Payments of $2,165 are required at the...
help me answer the journal entiries 1-13 On January 1, 2021, the general ledger of 3D...
help me answer the journal entiries 1-13
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances Credit Debit $ 26,900 15,100 $ 3,800 4,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 19,000 80,400 8,700 99,000 33,900 $145,400 $145,400 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $50, 100. January...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash 43,500 46,100 8,300 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings 72,000 $ 9,800 15,400 18,000 ৪৪, ০০0 38,700 $169,900 $169,900 Totals During January 2021, the following transactions occur January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 January 9 Provide services to customers...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $ 89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...
On January 1, 2018, the general ledger of Big Blast Fireworks
includes the following account balances:
Accounts
Debit
Credit
Cash
$
24,700
Accounts Receivable
43,500
Inventory
44,000
Land
82,600
Allowance for Uncollectible Accounts
3,100
Accounts Payable
28,200
Notes Payable (9%, due in 3 years)
44,000
Common Stock
70,000
Retained Earnings
49,500
Totals
$
194,800
$
194,800
The $44,000 beginning balance of inventory consists of 440
units, each costing $100. During January 2018, Big Blast Fireworks
had the following inventory transactions:
...
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances: Credit Debit $ 43,200 45,500 8,000 69,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings $ 9,500 15,100 15,000 85,000 41,100 Totals $165,700 $165,700 During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Debit $ 43,900 Credit Accounts Cash 46,900 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable 8,700 76,000 $ 10,200 15,800 Common Stock, $1 par value Additional Paid-in Capital 12,000 92,000 Retained Earnings 45,500 $175,500 $175,500 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000 January 9 Provide services to customers on...
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,200 6,600 4,500 64, eee ok $ 4,600 79,000 16,700 $100,300 $100,300 nces During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $10,200 (5850/month). January 9 Purchase additional supplies on account, $4,900. January 13 Provide services to customers on account, $26,900....
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Accounts Payable Notes Payable (8%, due in 3 years) Common Stock Retained Earnings Totals Debit Credit $ 24,900 44,000 $ 3,300 45,000 84,100 27,700 45,000 71,000 51,000 $198,000 $198,000 The $45,000 beginning balance of inventory consists of 450 units, each costing $100. During January 2021, Big Blast Fireworks had the following inventory transactions: January...
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 26,100 14,700 $ 3,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 3,600 15,000 80,000 7,900 95,000 33,500 $139,400 $139,400 During January 2021, the following transactions occur: January 2 Provide services to customers for cash, $46,100. January 6 Provide services to customers on account, $83,400....
On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Debit 12,400 Credit Accounts Cash Accounts Receivable 36,400 Inventory 153,200 Land 79,300 Buildings 132,000 $ 3,000 10,800 Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock 30,900 212,000 Retained Earnings 156,600 $413,300 $413,300 Totals During January 2021, the following transactions occur: Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at matures in 5 years. Payments of $2,165 are required at the...
help me answer the journal entiries 1-13
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances Credit Debit $ 26,900 15,100 $ 3,800 4,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 19,000 80,400 8,700 99,000 33,900 $145,400 $145,400 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $50, 100. January...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash 43,500 46,100 8,300 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings 72,000 $ 9,800 15,400 18,000 ৪৪, ০০0 38,700 $169,900 $169,900 Totals During January 2021, the following transactions occur January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 January 9 Provide services to customers...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $ 89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...
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