Question

A trial balance as of December 1, 20XX, is shown below along with some additional data...

A trial balance as of December 1, 20XX, is shown below along with some additional
data for Rashad’s Mower Repair Service. Prepare a trial balance for Rashad’s
Mower Repair Service as of December 31, 20XX.
Rashad’s Mower Repair Service
Trial Balance
December 1, 20XX
Debit Credit
Cash 9,800
Repair Supplies 2,700
Repair Equipment 23,000
Accounts Payable 10,000
Rashad Jones, Capital 40,000
Rashad Jones, Drawing 9,600
Mower Repair Service Revenue 12,500
Rent Expense 3,000
Salaries Expense 9,000
Utilities Expense 5,400
Totals 62,500 62,500
Additional data: During December, Rashad engaged in the following transactions:
a. Received $3,500 cash for mower repair services provided to customers.
b. Paid December rent of $500 and December utilities amounting to $450.
c. Paid salary of assistant, $600.
d. Withdrew cash for personal use, $800.
e. Paid $950 on account.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Rashad's Mower Repair Services

Trail balance

On December 31,20XX

Particulars Debit$ Credit$

Cash

(9800+3500-500 -450-600-800-950)

 10,000
Repair supplies 2,700
Repairs equipment 23,000
Accounts payable ($10,000-$950) 9,050
Rashad jones Capital 40,000
Rashad Jones ,drawing (9600+800) 10,400
Mower Power Repair Services ($12,500+$3500) 16,000
Rent expenses ($3,000+$500) 3,500
Salaries expenses ($9000+$600) 9,600
Utilities expenses (5,400+$450) 5,850
Total $65,050 $65,050
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed...
The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.) Accrued salary expense at December 31, $780. Duck Ponds, Inc. Trial Balance December 31, 20XX Account Title Debit Credit Cash $19,300 Accounts receivable 47,630 Allowance for doubtful accounts 250 Prepaid rent 1,680 Supplies 6,800 Investments 113,520 Furniture 15,350 Accumulated depreciation-furniture 12,800 Equipment 44,600 Accumulated depreciation-equipment 1,830 Building 89,900 Accumulated depreciation-building...
Jackson Consulting Unadjusted Trial Balance – December 31, 2018                                &nbs
Jackson Consulting Unadjusted Trial Balance – December 31, 2018                                                                                                           Debits                                          Credits Cash                                                                                               $ 11,500     Accounts Receivable                                                                        3,500 Supplies                                                                                           1,200 Prepaid Rent                                                                                  24,000 Equipment                                                                                   14,000 Accumulated Depreciation                                                                                                                $1,400 Accounts Payable                                                                                                                             1,900     Unearned Service Revenue                                                                                                             2,800 Common Stock                                                                                                                             10,300 Retained Earnings                                                                                                                            7,500 Dividends                                                                                       4,500 Service Revenue                                                                                                                              91,350 Salaries Expense                                                                        55,000 Advertising Expense                                                                         900       Utilities Expense                                                                               650                                                                     Total: Debits =$115,250 Credits total = $115,250 Additional Information: 1.) The equipment was purchased on January 1, 2017. The useful life is estimated to be 10 years. 2.) As of December 31, 2018,...
Jackson Consulting Unadjusted Trial Balance – December 31, 2018                                &nbs
Jackson Consulting Unadjusted Trial Balance – December 31, 2018                                                                                                           Debits                                          Credits Cash                                                                                               $ 11,500     Accounts Receivable                                                                        3,500 Supplies                                                                                           1,200 Prepaid Rent                                                                                  24,000 Equipment                                                                                   14,000 Accumulated Depreciation                                                                                                                $1,400 Accounts Payable                                                                                                                             1,900     Unearned Service Revenue                                                                                                             2,800 Common Stock                                                                                                                             10,300 Retained Earnings                                                                                                                            7,500 Dividends                                                                                       4,500 Service Revenue                                                                                                                              91,350 Salaries Expense                                                                        55,000 Advertising Expense                                                                         900       Utilities Expense                                                                               650                                                                     Total: Debits =$115,250 Credits total = $115,250 Additional Information: 1.) The equipment was purchased on January 1, 2017. The useful life is estimated to be 10 years. 2.) As of December 31, 2018,...
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.
The following is the Easton Company's adjusted Trial Balance . Easton Company Adjusted Trial Balance December...
The following is the Easton Company's adjusted Trial Balance . Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,000 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 Dividends 7,000 Rent Expense 59,900 Wages Expense 529,000 Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 ________ Totals $1,526,565 $1,526,565 Use this information to prepare the Balance Sheet for the...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31,...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,000 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 Dividends 7,000 Rent Expense 59,900 Wages Expense 529,000 Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 ________      Totals $1,526,565 $1,526,565 Use this information to prepare the Balance Sheet for the fiscal...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31,...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,000 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 Dividends 7,000 Rent Expense 59,900 Wages Expense 529,000 Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 ________      Totals $1,526,565 $1,526,565 Use this information to prepare the Balance Sheet for the fiscal...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31,...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,000 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 Dividends 7,000 Rent Expense 59,900 Wages Expense 529,000 Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 ________      Totals $1,526,565 $1,526,565 Use this information to prepare the Balance Sheet for the fiscal...
The following is the Frederick Company's adjusted Trial Balance. Frederick Company Adjusted Trial Balance December 31,...
The following is the Frederick Company's adjusted Trial Balance. Frederick Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $85,150 Accounts Receivable 229,140 Supplies 16,955 Equipment 395,285 Accumulated Depreciation $221,260 Accounts Payable 74,235 Capital Stock 220,000 Retained Earnings 101,145 Service Revenue 893,105 Interest Income 1,500 Dividends 2,000 Rent Expense 58,500 Wages Expense 527,260 Supplies Expense 42,520 Utilities Expense 8,595 Depreciation Expense 145,840 ________      Totals $1,522,565 $1,522,565 Use this information to prepare the Balance Sheet for the fiscal...
The following unadjusted trial balance is for Montana Construction Company as of year-end for the December...
The following unadjusted trial balance is for Montana Construction Company as of year-end for the December 31, 20x7 fiscal year. The December 31, 20x6 credit balance of the stockholders’ equity account is $46,900, and the stockholders invested $40,000 cash in the company during 20x7. NO.      Account Title                          Debit               Credit 101      Cash                                         $7,000 126      Supplies                                   $16,000 128      Pre-paid insurance                   $12,600 167      Equipment                               $200,000 168      Accumulated depreciation – equipment $14,000 201      Accounts payable $6,800 251      Long-term notes payable...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT