Using these account names (watch your spelling), prepare an
adjusted trial balance from the adjusted account...
Using these account names (watch your spelling), prepare an
adjusted trial balance from the adjusted account balances; solve
for the one missing account balance: Cash (assume all accounts have
normal balances):
Account Name
Normal Balance
Accounts Payable
$19,000
Accounts Receivable
$23,760
Cash
??
Common Stock
$38,000
Dividends
$9,000
Equipment
$20,000
Prepaid Insurance
$21,466
Land
$45,000
Notes Payable
$61,000
Retained Earnings
$18,815
Insurance Expense
$19,689
Service Revenue
$90,550
Supplies
$5,250
Salaries Expense
$51,000
Charlie Corporation's adjusted trial balance included the
following items (all account balances are normal): Accounts payable...
Charlie Corporation's adjusted trial balance included the
following items (all account balances are normal): Accounts payable
$65,000, Accounts receivable $45,000, Capital stock $100,000, Cash
$50,000, Dividends $10,000, Goodwill $47,000, Interest expense
$4,000, Interest payable $2,000, Inventory $38,000, Notes payable
$80,000, Prepaid expenses $5,000, Property, plant & equipment
$123,000, Retained earnings $46,000, Rent expense $18,000, Revenues
$101,000, and Salary expense $60,000. How much are total
assets?
From the ledger balances below, prepare a trial balance for
Oriole Company at June 30, 2017....
From the ledger balances below, prepare a trial balance for
Oriole Company at June 30, 2017. All account balances are
normal.
Accounts Payable
$ 1,260
Service Revenue
$8,890
Cash
5,660
Accounts Receivable
2,750
Common Stock
18,000
Salaries and Wages Expense
3,590
Dividends
1,610
Rent Expense
1,250
Equipment
13,290
Panamerican Foods reported the following account balances on the
company’s adjusted trial balance. Accounts Payable $...
Panamerican Foods reported the following account balances on the
company’s adjusted trial balance. Accounts Payable $ 6,000 Accounts
Receivable 25,000 Inventory 22,800 Advertising Expense 19,000 Cost
of Goods Sold 145,000 Delivery Expense 7,400 Income Tax Expense
2,000 Insurance Expense 1,000 Rent Expense 17,600 Sales Revenue
300,000 Sales Discounts 9,600 Sales Returns & Allowances 40,000
Net income would be:
$100,000.
$105,400.
$98,000.
$134,200.
None of the other answers are correct.
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance
Adjusted Trial Balance
Account Titles...
Selected worksheet data for Elsayed Company are presented
below.
Trial Balance
Adjusted Trial Balance
Account Titles
Debit
Credit
Debit
Credit
Accounts Receivable
?
33,311
Prepaid Insurance
26,057
20,182
Supplies
7,197
?
Accumulated
Depreciation—Equipment
12,313
?
Salaries and Wages
Payable
?
4,852
Service Revenue
87,773
96,120
Insurance Expense
?
Depreciation Expense
11,973
Supplies Expense
4,478
Salaries and Wages
Expense
?
49,220
Account
Debit
Credit
Cash
23000
Accounts Receivable
49700
Prepaid insurance
11300
Equipment
150500
Accounts payable
6050...
Account
Debit
Credit
Cash
23000
Accounts Receivable
49700
Prepaid insurance
11300
Equipment
150500
Accounts payable
6050
Salaries Payable
4250
Common Stock
110,000
Dividends
18,500
Service Revenue
236,600
Salary expense
98,930
Miscellaneous expense
4970
424,020
424,020
1. IDENTIFY errors in trial balance. All accounts have normal
balances.
2. Prepare a corrected trial balance
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 ...
The partial adjusted account balances of the Raiders Fitness
Center at December 31 are as follows:...
The partial adjusted account balances of the Raiders Fitness
Center at December 31 are as follows:
Accounts
Account Balances
Accounts
Account Balances
Cash
$
16,000
Service
Revenue
$107,000
Accounts
Receivable
15,000
Interest Revenue
13,000
Supplies
4,000
Depreciation
Expense
28,000
Prepaid
Insurance
8,000
Insurance
Expense
12,000
Buildings
300,000
Salaries and Wages
Expense 45,000
Accumulated Depreciation—Building 120,000
Supplies
Expense
5,000
Utilities
Expense
10,000
Accounts
Payable
19,000
Unearned Service
Revenue
7,000
Common
Stock
90,000
Retained
Earnings
115,000
Dividends
10,000
Instructions
Prepare...
Selected year-end account balances from the adjusted trial
balance as of December 31, 2017, for Grouper...
Selected year-end account balances from the adjusted trial
balance as of December 31, 2017, for Grouper Corp. is provided
below. Debit Credit Accounts Receivable $82,760 Dividends 29,980
Depreciation Expense 15,050 Equipment 242,590 Salaries and Wages
Expense 103,850 Accounts Payable $60,420 Accumulated
Depreciation—Equipment 130,870 Unearned Rent Revenue 26,110 Service
Revenue 209,530 Rent Revenue 7,070 Rent Expense 4,100 Retained
Earnings 70,450 Supplies Expense 1,600 Collapse question part (a)
Prepare closing entries.
The following adjusted trial balance contains the accounts and
year-end balances of Cruz Company as of...
The following adjusted trial balance contains the accounts and
year-end balances of Cruz Company as of December 31.
101
Cash
$
18,000
126
Supplies
12,000
128
Prepaid insurance
2,000
167
Equipment
23,000
168
Accumulated depreciation—Equipment
$
6,500
307
Common stock
12,322
318
Retained earnings
32,600
319
Dividends
6,000
404
Services revenue
42,100
612
Depreciation expense—Equipment
2,000
622
Salaries expense
24,544
637
Insurance expense
1,768
640
Rent expense
2,821
652
Supplies expense
1,389
Totals
$
93,522
$
93,522
1. Prepare the...