On December 31, the ledger accounts of Parker Printing have the
following balances after all adjusting...
On December 31, the ledger accounts of Parker Printing have the
following balances after all adjusting entries have been
posted.
Cash
$ 850
Equipment
2,650
Accumulated Depreciation, Equipment
600
Accounts Payable
200
P. Parker, Capital
3,350
P. Parker, Drawing
8,150
Income Summary
Income from Services
12,450
Wages Expense
800
Rent Expense
1,800
Utilities Expense
550
Depreciation Expense, Equipment
300
Advertising Expense
1,300
Miscellaneous Expense
200
Journalize the four closing entries in the proper order.
GENERAL JOURNAL
Date
Description...
After the accounts have been adjusted at April 30, the end of
the fiscal year, the...
After the accounts have been adjusted at April 30, the end of
the fiscal year, the following balances were taken from the ledger
of Nuclear Landscaping Co.: Retained Earnings $643,600 Dividends
10,500 Fees Earned 356,500 Wages Expense 283,100 Rent Expense
56,000 Supplies Expense 11,500 Miscellaneous Expense 13,000
Journalize the four entries required to close the accounts.
Refer to the Chart of Accounts for exact wording of account
titles.
CHART OF ACCOUNTS
Nuclear Landscaping Co. General Ledger
ASSETS
11 Cash
12...
fter the accounts have been adjusted at April 30, the end of the
fiscal year, the...
fter the accounts have been adjusted at April 30, the end of the
fiscal year, the following balances were taken from the ledger of
Nuclear Landscaping Co.:
Felix Godwin, Capital
$380,190
Felix Godwin, Drawing
36,000
Fees Earned
355,925
Wages Expense
275,500
Rent Expense
66,100
Supplies Expense
24,795
Miscellaneous Expense
8,265
Journalize the two entries required to close the accounts.
For a compound transaction, if an amount box does not require an
entry, leave it blank.
Apr. 30
Felix Godwin, Capital...
After the accounts have been adjusted at April 30, the end of
the fiscal year, the...
After the accounts have been adjusted at April 30, the end of
the fiscal year, the following balances were taken from the ledger
of Nuclear Landscaping Co.: Felix Godwin, Capital $543,840 Felix
Godwin, Drawing 47,000 Fees Earned 508,845 Wages Expense 385,700
Rent Expense 92,600 Supplies Expense 34,715 Miscellaneous Expense
11,570 Journalize the two entries required to close the accounts.
For a compound transaction, if an amount box does not require an
entry, leave it blank. Apr. 30 Apr. 30
The following selected accounts and their current balances
appear in the ledger of Clairemont Co. for...
The following selected accounts and their current balances
appear in the ledger of Clairemont Co. for the fiscal year ended
May 31, 2019:
Cash $ 240,000
Accounts Receivable 966,000
Merchandise Inventory 1,690,000
Estimated Returns Inventory 22,500
Office Supplies 13,500
Prepaid Insurance 8,000
Office Equipment 830,000
Accumulated Depreciation-Office Equipment 550,000
Store Equipment 3,600,000
Accumulated Depreciation-Store Equipment 1,820,000
Accounts Payable 326,000
Customer Refunds Payable 40,000
Salaries Payable 41,500
Note Payable (final payment due 2022) 300,000
Kristina Marble, Capital 3,449,100
Kristina Marble, Drawing...
The following adjusted balances were taken from the ledger of
EBC Trading on December 31, 2016,...
The following adjusted balances were taken from the ledger of
EBC Trading on December 31, 2016, Cash 350,000. Accounts Receivble
33,950. Interest Receivable 1,500. Merchandise, January 1 , 50,000,
Supplies 2,650. prepaid rent 40,000. equipment 75,000. Accumulated
depreciation 25,000. Accounts payable 15,000. Notes Payable 10,000.
interest payable 1,000. E. Capital 50,000. E Drawing 10,000. B
Capital 75,000. B Drawing 15,000. C Capital 100,000. Sales 980,650.
Sales Discount 5,500. Sales returns 3,500. Purchases455,000.
Purchase returns 7,500.Purchase discount 3,300. Sales Salary
Expenses...
The ledger of Camila Ramirez and Ping Xue, attorneys-at-law,
contains the following accounts and balances after...
The ledger of Camila Ramirez and Ping Xue, attorneys-at-law,
contains the following accounts and balances after adjustments have
been recorded on December 31, 20Y2: Ramirez and Xue Trial Balance
December 31, 20Y2 Debit Balances Credit Balances Cash 38,600
Accounts Receivable 36,800 Supplies 1,400 Land 92,000 Building
101,300 Accumulated Depreciation—Building 57,500 Office Equipment
42,300 Accumulated Depreciation—Office Equipment 17,800 Accounts
Payable 27,400 Salaries Payable 2,900 Camila Ramirez, Capital
90,000 Camila Ramirez, Drawing 41,400 Ping Xue, Capital 55,200 Ping
Xue, Drawing 59,800 Professional...
The following selected accounts and their current balances
appear in the ledger of Clairemont Co. for...
The following selected accounts and their current balances
appear in the ledger of Clairemont Co. for the fiscal year ended
May 31, 2019:
Cash $ 240,000
Accounts Receivable 966,000
Merchandise Inventory 1,690,000
Estimated Returns Inventory 22,500
Office Supplies 13,500
Prepaid Insurance 8,000
Office Equipment 830,000
Accumulated Depreciation-Office Equipment 550,000
Store Equipment 3,600,000
Accumulated Depreciation-Store Equipment 1,820,000
Accounts Payable 326,000
Customer Refunds Payable 40,000
Salaries Payable 41,500
Note Payable (final payment due 2022) 300,000
Kristina Marble, Capital 3,449,100
Kristina Marble, Drawing...
The following account balances were taken from the ledger of ABC
Company at December 31, 2019...
The following account balances were taken from the ledger of ABC
Company at December 31, 2019 before adjustments:
Cash $ 42,000
Accounts Receivable 86.000
Allowance for Doubtful Accounts 2,400
Inventory 97,000
Land 62,300
Buildings 142,500
Accumulated Depreciation---Buildings 32,560
Long Term Investments 31,500
Accounts Payable 51,800
Mortgage Payable 122,500
Capital Stock, $5 par 200,000
Retained Earnings, December 31, 2017 26,950
Dividends 40,540
Sales 431,000
Sales Returns 9,560
Sales Discounts 8,440
Cost of Goods Sold 203,420
Selling Expenses 58,300
Administrative Expenses 44,200...
Entries for receipt and dishonor of notes receivable
Instructions
Chart of Accounts
Journal
Journalize the transactions...
Entries for receipt and dishonor of notes receivable
Instructions
Chart of Accounts
Journal
Journalize the transactions in the accounts of Safari Games Co.,
which operates a riverboat casino. Refer to the Chart of Accounts
for exact wording of account titles. Assume 360 days in a year.
All transactions on this page must be entered (except for
post ref(s)) before you will receive Check My Work
feedback.Instructions
Apr.
18.
Received a $60,000, 30-day, 7% note
dated April 18 from Glenn Cross...