Form an unadjusted trial balanced formed from this information. The total debits should equal $121,900 Date...
Form an unadjusted trial balanced formed from this information. The total debits should equal $121,900
| Date | Account Name | Debit | Credit |
| 2017 | |||
| Aug 1 | Cash | 60000 | |
| Capital stock | 60000 | ||
| Aug 3 | Computer equipment | 12000 | |
| Cash | 5000 | ||
| Notes payable | 7000 | ||
| Aug 5 | No entry | ||
| Aug 8 | Merchandise inventory | 21000 | |
| Cash | 7000 | ||
| Accounts payable | 14000 | ||
| Aug 10 | Prepaid insurance | 6000 | |
| Cash | 6000 | ||
| Aug 11 | Cash | 9000 | |
| Unearned service revenue | 9000 | ||
| Aug 12 | Supplies | 6200 | |
| Accounts payable | 6200 | ||
| Aug 15 | Advertising expense | 2800 | |
| Cash | 2800 | ||
| Aug 18 | Accounts receivable | 26000 | |
| Sales | 26000 | ||
| Aug 18 | Cost of goods sold | 11000 | |
| Merchandise inventory | 11000 | ||
| Aug 23 | Accounts payable | 4700 | |
| Cash | 4700 | ||
| Aug 25 | Cash | 12600 | |
| Accounts receivable | 12600 | ||
| Aug 27 | Cash | 4400 | |
| Sales | 4400 | ||
| Aug 27 | Cost of goods sold | 1300 | |
| Merchandise inventory | 1300 | ||
| Aug 29 | Utilities expense | 800 | |
| Cash | 800 | ||
| Aug 30 | Dividend expense | 900 | |
| Cash | 900 |
Homework Answers
Solution:
| Trial Balance | ||
| as of August 2017 | ||
| Account Name | Debit | Credit |
| cash | $ 58,800.00 | |
| Capital Stock | $ 60,000.00 | |
| Computer Equipment | $ 12,000.00 | |
| Notes payable | $ 7,000.00 | |
| Merchandise Inventory | $ 8,700.00 | |
| Accounts payable | $ 15,500.00 | |
| Prepaid insurance | $ 6,000.00 | |
| Unearned Service Revenue | $ 9,000.00 | |
| Supplies | $ 6,200.00 | |
| Advertising Expenses | $ 2,800.00 | |
| Accounts Receivables | $ 13,400.00 | |
| Sales | $ 30,400.00 | |
| Cost of Goods Sold | $ 12,300.00 | |
| Utilities Expenses | $ 800.00 | |
| Dividend Expense | $ 900.00 | |
| Total | $ 1,21,900.00 | $ 1,21,900.00 |
Add Answer to:
Form an unadjusted trial balanced formed from this information.
The total debits should equal $121,900
Date...
1:post to both the general and subsidiary leader account 2: parper trial balance additional information at...
1:post to both the general and subsidiary leader
account
2: parper trial balance
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company showed cash 2500,purchase 1700, account receivable 2000,and
account payable 2200
Date Account title Debit Credit Jul-01 Merchandise Inventory 7600 Accounts Payable- XYZ 7600 Jul-02 Freight charges 400 Accounts Payable- Pegasus 400 Jul-03 Accounts Receivable - Echo 1300 Accounts Receivable - Pitas 2000 Sales Revenue 3300 Jul-05 Merchandise Inventory 3200 Accounts payable- Horizon 3200 Jul-08 Accounts payable-...
Prepare a worksheet for Morin Co. from the information below Indicate the normal balance and category...
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Please answer for the last photo: Prepare an unadjusted trial balance. Remember debits must equal credits....
Please answer for the last photo:
Prepare an unadjusted trial balance. Remember debits
must equal credits.
Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions for the month of June. The company's Chart of Accounts is also included as shown below. The...
prepare an unadjusted trial balance as of january 31,2021 The following information applies to the questions...
prepare an unadjusted trial balance as of january
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Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following Information...
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Required information Problem 2-2 Accounting cycle through unadjusted trial balance LO2-2, 2-3] [The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold salaries and wages expense Rent expense Advertising expense Debits Credits 5,000 2,000 5,000 11,000 3,500 3,000 10,000 6,500 Totals 23,000 23,000...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4) [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5, 3ee 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10, eee...
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1:post to both the general and subsidiary leader
account
2: parper trial balance
additional information at the beginning of July,the ledger of the
company showed cash 2500,purchase 1700, account receivable 2000,and
account payable 2200
Date Account title Debit Credit Jul-01 Merchandise Inventory 7600 Accounts Payable- XYZ 7600 Jul-02 Freight charges 400 Accounts Payable- Pegasus 400 Jul-03 Accounts Receivable - Echo 1300 Accounts Receivable - Pitas 2000 Sales Revenue 3300 Jul-05 Merchandise Inventory 3200 Accounts payable- Horizon 3200 Jul-08 Accounts payable-...
Prepare a worksheet for Morin Co. from the information below Indicate the normal balance and category of each of the following accounts: a. Unearned Revenue b. Merchandise Inventory (beginning of period) c. Freight-In d. Payroll Tax Expense e. Purchases Discount f. Sales Discount g. FICA-Social Security Payable h. Purchases Returns and Allowances Preparc a worksheet for Morin Co. from the following information using a/b. Merchandise Inventory, ending c. Store Supplies on hand d. Depreciation on Store Equipment e. Accrued Salaries...
Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 5.900 Accounts Receivable 19.600 SMART TOUCH LEARNING Worksheet December 31, 2016 Cash 27,900 Unadjusted Trial Balance Adjustments Common Stock 38,600 Account Names Debit Credit Debit Credit Dividends 5.400 Cash 27900 Furniture 4.400 Accounts Receivable 19600 Notes Payable 6.700 Office Supplies R800 Office Supplies 8.800 Prepaid Rent 12700...
Please answer for the last photo:
Prepare an unadjusted trial balance. Remember debits
must equal credits.
Case Study Full Accounting Cycle Melissa Days and Kelly Harbor formed the Corporation Sports R Us. They sell sporting goods and give lessons. They have hired you to update their transactions for the business. They have provided you with the opening balances and a list of transactions for the month of June. The company's Chart of Accounts is also included as shown below. The...
prepare an unadjusted trial balance as of january
31,2021
The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 4,880 1,800 4,800 10,800 3,300 2,800 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense. Advertising expense Totals 10,000 6,100 22,200 The following transactions occurred...
Required Information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following Information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,380 2,300 5,300 11,300 3,800 3,380 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10,890 7,180 The...
Required information Problem 2-2 Accounting cycle through unadjusted trial balance LO2-2, 2-3] [The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2017 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold salaries and wages expense Rent expense Advertising expense Debits Credits 5,000 2,000 5,000 11,000 3,500 3,000 10,000 6,500 Totals 23,000 23,000...
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