PETE'S CONSTRUCTION YEAR ENDED DECEMBER 31, 2018 ADJUSTED TRIAL
BALANCE INCOME STATEMENT STATEMENT OF OWNER'S EQUITY...
PETE'S CONSTRUCTION YEAR ENDED DECEMBER 31, 2018 ADJUSTED TRIAL
BALANCE INCOME STATEMENT STATEMENT OF OWNER'S EQUITY OR BALANCE
SHEET ACCOUNT TITLES DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash
$37,000 $37,000 Accounts receivable 10,278 10,278 Interest
receivable 1,200 1,200 Office supplies 1,000 1,000 Prepaid
insurance 1,000 1,000 Prepaid rent 1,800 1,800 Note receivable
10,000 10,000 Computer equipment 24,000 24,000 Accumulated
depreciation, computer equipment $10,000 $10,000 Office equipment
15,000 15,000 Accumulated depreciation, office equipment 9,000
9,000 Accounts payable 20,878 20,878 Interest payable...
Problem 3 – Preparation of a trial balance
Using the following financial data listed in
alphabetical...
Problem 3 – Preparation of a trial balance
Using the following financial data listed in
alphabetical order.
Accounts payable $ 8,000.00
Insurance expense 1,500
Accounts receivable 4,500.00
Rent expense 3,000
Cash 6,200.00
Service revenue 12,500
Dawn Edwards, capital 19,500.00
Salary expense 2,000
Dawn Edwards, drawing 6,000.00
Supplies 800.00
Equipment 12,000.00
Utility expense 4,000.00
Required:
Using the page below, prepare a trial balance in proper
form for Management Consulting Services at July 31,
20XX.
Vanguard Company had the following adjusted trial balance at
December 31, 2011.
...
Vanguard Company had the following adjusted trial balance at
December 31, 2011.
VARGUARD COMPANY
Adjusted Trial Balance
For the year ended December 31, 2011
Account titles Debits Credits
Cash $14,800
Accounts Receivable 8,800
Equipment 15,900
Accounts Payable $4,400
...
The following is the adjusted trial balance for Dove
Lithography. Account Debit Credit Cash $1,700 Accounts...
The following is the adjusted trial balance for Dove
Lithography. Account Debit Credit Cash $1,700 Accounts receivable
8,500 Supplies 100 Equipment 7,500 Accumulated depreciation $2,000
Accounts payable 1,200 Salary payable 800 Unearned revenue 600
Capital 3,400 Drawing 2,300 Service revenue 40,000 Salary expense
24,000 Supplies expense 2,300 Depreciation expense 1,600 $48,000
$48,000 Using the information from the worksheet above, prepare the
closing journal entries for the company.
The adjusted account balances of MacDonald Company, at December
31, 2021, are as follows:
Cash
$12,700...
The adjusted account balances of MacDonald Company, at December
31, 2021, are as follows:
Cash
$12,700
Accounts payable
$12,000
Accounts receivable
22,000
Notes payable
7,000
Prepaid insurance
10,000
Accumulated depreciation–
Equipment
40,000
equipment
14,000
Depreciation expense
7,000
Service revenue
27,000
B. Stine, drawings
1,500
B.MacDonald, capital
22,000
Advertising expense
400
Unearned service revenue
16,000
Rent expense
1,800
Salary expense
2,000
Insurance expense
600
______
$98,000
$98,000
Instructions
a)
Prepare closing entries for December 31, 2021.
b)
Determine the balance in...
Given the following adjusted account balances (all normal),
prepare the closing journal entries for Ezzy Holdings...
Given the following adjusted account balances (all normal),
prepare the closing journal entries for Ezzy Holdings on December
31, 2018.
Cash
45,000 Prepaid
rent
9,000
Garth Gaudette, Capital
85,000
Land
65,000 Service
revenue
75,500
Unearned service revenue 24,000
Supplies
4,000 Interest expense
5,000
Amortization expense
15,000
Rent
expense
12,500 Salary
expense
46,000
Garth Gaudette, Withdrawals 20,000
Note
payable
70,000 Interest
payable 3,000
Acc.
amortization, building
15,000
Supplies expense 8,000
Building
85,000
Accounts
receivable ...
MATTHEWS LANES
Work Sheet
For Year Ended June 30
Account
Income Statement
Balance Sheet
Dr
Cr...
MATTHEWS LANES
Work Sheet
For Year Ended June 30
Account
Income Statement
Balance Sheet
Dr
Cr
Dr
Cr
Cash
11,275
Accounts receivable
1,750
Office supplies
800
Prepaid insurance
3,400
Scoring equipment
140,000
Accumulated depreciation –
scoring equipment
21,700
Salaries payable
800
Common stock
20,000
Retained earnings (unadjusted)
40,000
Dividends
46,425
Bowling revenue
138,075
Depreciation expense –
scoring equipment
10,825
Salaries expense
1,800
Insurance expense
1,200
Rent expense
1,600
Office supplies expense
400
Repairs expense
350
Telephone expense
750
Totals
16,925...
Given the following adjusted account balances (all normal),
prepare the closing journal entries for Ski Lodge...
Given the following adjusted account balances (all normal),
prepare the closing journal entries for Ski Lodge 2 on December 31,
2018.
Cash
45,000 Prepaid
rent
9,000
Jane Goden,
Capital
85,000
Land
65,000 Service
revenue
75,500
Unearned service
revenue
24,000
Supplies
4,000 Interest expense
5,000
Amortization expense - Vehicle 15,000
Rent
expense
12,500 Salary
expense
46,000
Jane Goden,
Withdrawals
20,000
Note
payable
70,000 Interest
payable 3,000
Acc.
amortization, Building
15,000
Freight Payable
2,200
COGS
1,000...
Problem 2 – Preparing Financial Statements
The accountant for Farley Corporation prepared the
following list from...
Problem 2 – Preparing Financial Statements
The accountant for Farley Corporation prepared the
following list from the company's accounting records for the year
ended December 31, 20XX:
Service revenue
$18,500
Cash
$ 3,000
Accounts receivable
2,500
A
Farley, Drawing
5,000
Equipment
4,200
L
Supplies expense
1,800
Accounts payable
1,200
L
Rent expenses
3,400
Wages expense
5,000
L
Farley, Capital 1/1/20XX
8,000
Office supplies
800
A
Insurance expense
2,000
Required: Using the attached pages at the end of this
document:
1....
Entries into T accounts and Trial Balance
Ken Jones, an architect, opened an office on April...
Entries into T accounts and Trial Balance
Ken Jones, an architect, opened an office on April 1, 2019.
During the month, he completed the following transactions connected
with his professional practice:
Transferred cash from a personal bank account to an account to
be used for the business, $18,000.
Purchased used automobile for $19,500, paying $2,500 cash and
giving a note payable for the remainder.
Paid April rent for office and workroom, $3,150.
Paid cash for supplies, $1,450.
Purchased office and...