Homework Answers
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| Particulars | Amount $ |
| Balance in Retained Earnings | 2,580.00 |
| Add: Service Revenue | 144.00 |
| Add: Interest Revenue | 22.00 |
| Less: Salaries and Wages expense | (60.00) |
| Less: Travel expense | (26.00) |
| Balance in Retained Earnings will be | 2,660.00 |
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Given the following adjusted trial balance: Debit Credit Cash $648 Accounts receivable 818 Inventory 1218 Prepaid...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45 160 Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue $27 43 63 Common stock 110 Retained earnings Service revenue 3435 191 Interest revenue 29 Salaries and wages expense 80 Travel expense 34 Total $3898 $3898 Net income for the year is:
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150...
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150 $27 Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue 42 62 101 3370 188 29 80 Interest revenue Salaries and wages expense Travel expense Total 34 $3819 $3819 Net Income for the year is: Common stock TUT Retained earnings 3370 Service revenue 188 29 Interest revenue Salaries and wages expense 80 Travel expense 34...
Debit Credit Cash $615 Accounts receivable 776 1156 Inventory Prepaid rent 32 Equipment 110 Accumulated depreciation...
Debit Credit Cash $615 Accounts receivable 776 1156 Inventory Prepaid rent 32 Equipment 110 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total $2773 $2773 After closing entries have been posted, the balance in retained earnings will be:
Credit Depic $665 839 1250 34 120 $21 33 Cash Accounts receivable Inventory Prepaid rent Equipment...
Credit Depic $665 839 1250 34 120 $21 33 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 49 77 2645 147 22 60 26 $2994 $2994 After closing entries have been posted, the balance in retained earnings will be: O $2728. O $2581. O $2814. O $2630
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts...
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent 516 Equipment 1,800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense Total $44.376 Net income for the year is: 492 732 1,236 39,660 1,608 336 396 $44.376 a. 2,976 b.S1,944 C. $1,620 d. 5588 e. None of the above MacBoo!
Question 17 0.5 pts A company has the following adjusted trial balance: Debit Credit 700 300...
Question 17 0.5 pts A company has the following adjusted trial balance: Debit Credit 700 300 100 4,000 2,200 300 200 Cash Accounts receivable Prepaid rent Equipment Accumulated depreciation Equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Depreciation expense Rent expense Total 500 1,000 2,500 100 800 500 400 6,800 6,800 After closing entries have been journalized and posted, the post-closing trial balance total for the credit column will be...
YUSLIURE Given the following adjusted trial balance: Credit Debit $748 944 1406 39 140 $23 37...
YUSLIURE Given the following adjusted trial balance: Credit Debit $748 944 1406 39 140 $23 37 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 55 96 2975 166 25 70 30 $3377 $3377 Net income for the year is: $137.
Given the following adjusted tabular summary amounts: Cash $1696 Accounts receivable 2006 Inventory 3286 Prepaid rent...
Given the following adjusted tabular summary amounts: Cash $1696 Accounts receivable 2006 Inventory 3286 Prepaid rent 80 Equipment 280 Accumulated depreciation-equipment 46 Accounts payable 76 Unearned service revenue 122 Common stock 152 Retained earnings 6770 Service revenue 370 Interest revenue 52 Salaries and wages expense 170 Travel expense 70 The ending retained earnings amount on the retained earnings statement will be: $7124. $6756. $6582. $6952.
Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid...
Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment $24,000 2,800 Accounts Payable Salaries Payable 4,450 Unearned Service Revenue 3,875 8,000 Common Stock Retained Earnings 2,255 Dividends 10,500 Service Revenue 100,000 Salaries Expense 49,400 Rent Expense 17,250 Insurance Expense 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,800 Totals $145,380 $145,380 Salaries Expense 49,400 Rent Expense 17,250 2,200 Insurance Expense Depreciation Expense Income Taxes Expense 4,950 5,800...
Agnes Co. Unadjusted Trial Balance 6/30/20 Debit Credit Cash $10,000 Accounts Receivable $13,200 Supplies $2,400 Prepaid...
Agnes Co. Unadjusted Trial Balance 6/30/20 Debit Credit Cash $10,000 Accounts Receivable $13,200 Supplies $2,400 Prepaid Insurance $1,500 Equipment $38,500 Accumulated Depreciation $8,300 Accounts Payable $2,500 Unearned Service Revenue $8,900 Common Stock $15,000 Retained Earnings $9,500 Service Revenue $35,000 Salary Expense $11,200 Utilities Expenses $2,400 $79,200 $79,200 Additional information (not reflected in the above): Supplies used during the month, $450. Prepaid insurance expired during the month, $300. Depreciation on equipment for the month, $500. Unearned service revenue earned during the...
Given the following adjusted trial balance: Debit Credit Cash $864 Accounts receivable 1091 Inventory 1624 45 160 Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue $27 43 63 Common stock 110 Retained earnings Service revenue 3435 191 Interest revenue 29 Salaries and wages expense 80 Travel expense 34 Total $3898 $3898 Net income for the year is:
Given the following adjusted trial balance: Debit Credit Cash $848 Accounts receivable 1070 1593 44 150 $27 Inventory Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue 42 62 101 3370 188 29 80 Interest revenue Salaries and wages expense Travel expense Total 34 $3819 $3819 Net Income for the year is: Common stock TUT Retained earnings 3370 Service revenue 188 29 Interest revenue Salaries and wages expense 80 Travel expense 34...
Debit Credit Cash $615 Accounts receivable 776 1156 Inventory Prepaid rent 32 Equipment 110 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total $2773 $2773 After closing entries have been posted, the balance in retained earnings will be:
Credit Depic $665 839 1250 34 120 $21 33 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 49 77 2645 147 22 60 26 $2994 $2994 After closing entries have been posted, the balance in retained earnings will be: O $2728. O $2581. O $2814. O $2630
Credit 312 Answer the question based on the following adjusted trial balance Debit Cash $9,372 Accounts receivable 12,588 Inventory 18,744 Prepaid rent 516 Equipment 1,800 Accumulated depreciation equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 960 Travel expense Total $44.376 Net income for the year is: 492 732 1,236 39,660 1,608 336 396 $44.376 a. 2,976 b.S1,944 C. $1,620 d. 5588 e. None of the above MacBoo!
Question 17 0.5 pts A company has the following adjusted trial balance: Debit Credit 700 300 100 4,000 2,200 300 200 Cash Accounts receivable Prepaid rent Equipment Accumulated depreciation Equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Depreciation expense Rent expense Total 500 1,000 2,500 100 800 500 400 6,800 6,800 After closing entries have been journalized and posted, the post-closing trial balance total for the credit column will be...
YUSLIURE Given the following adjusted trial balance: Credit Debit $748 944 1406 39 140 $23 37 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total 55 96 2975 166 25 70 30 $3377 $3377 Net income for the year is: $137.
Sparrow Company Adjusted Trial Balance December 31, 2019 Debit Credit Cash $3,150 Accounts Receivable 5,650 Prepaid Insurance 4,480 Equipment 42,000 Accumulated Depreciation, Equipment $24,000 2,800 Accounts Payable Salaries Payable 4,450 Unearned Service Revenue 3,875 8,000 Common Stock Retained Earnings 2,255 Dividends 10,500 Service Revenue 100,000 Salaries Expense 49,400 Rent Expense 17,250 Insurance Expense 2,200 Depreciation Expense 4,950 Income Taxes Expense 5,800 Totals $145,380 $145,380 Salaries Expense 49,400 Rent Expense 17,250 2,200 Insurance Expense Depreciation Expense Income Taxes Expense 4,950 5,800...
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