Question

MARINE FISHING CENTRE Adjusted Trial Balance March 31, 2017 Debit Credit Cash $ 7,720 Interest Receivable...

MARINE FISHING CENTRE
Adjusted Trial Balance
March 31, 2017

Debit Credit
Cash $ 7,720
Interest Receivable 750
Supplies 1,425
Debt Investments 30,000
Land 46,800
Building 186,900
Accumulated depreciation—building $ 31,150
Equipment 36,200
Accumulated depreciation—equipment 18,100
Accounts Payable 5,875
Interest Payable 990
Unearned Revenue 2,190
Notes payable ($6,000 must be paid in 2018) 66,000
R. Falkner, Capital 165,300
R. Falkner, Drawings 46,200
Service Revenue 124,300
Interest Revenue 1,500
Depreciation Expense 9,850
Interest Expense 3,960
Insurance Expense 4,500
Salaries Expense 30,000
Supplies Expense 5,700
Utilities Expense 5,400
$ 415,405 $ 415, 405

Prepare a statement of owner's equity. The owner, Rachael Falkner, invested $2,300 cash in the business during the year. (Note: The investment has been recorded and it is included in the capital account.) (List items that increase owner's equity first.)

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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 adjusted trial balance for Pharoah Fishing Centre is as follows: PHAROAH FISHING CENTRE Adjusted Trial...
The adjusted trial balance for Pharoah Fishing Centre is as follows: PHAROAH FISHING CENTRE Adjusted Trial Balance March 31, 2021 Debit Credit Cash $7,600 Interest receivable 650 Supplies 1,550 Long-term investments 32,000 Land 45,000 Building 195,000 Accumulated depreciation—building $31,000 Equipment 35,000 Accumulated depreciation—equipment 17,500 Accounts payable 6,500 Interest payable 1,010 Unearned revenue 2,100 Notes payable ($6,000 must be paid in February, 2022) 65,800 R. Falkner, capital 172,040 R. Falkner, drawings 47,000 Service revenue 125,600 Interest revenue 1,200 Depreciation expense 9,800...
The adjusted trial balance for Pharoah Fishing Centre is as follows: PHAROAH FISHING CENTRE Adjusted Trial...
The adjusted trial balance for Pharoah Fishing Centre is as follows: PHAROAH FISHING CENTRE Adjusted Trial Balance March 31, 2021 Debit Credit Cash $7,600 Interest receivable 650 Supplies 1,550 Long-term investments 32,000 Land 45,000 Building 195,000 Accumulated depreciation—building $31,000 Equipment 35,000 Accumulated depreciation—equipment 17,500 Accounts payable 6,500 Interest payable 1,010 Unearned revenue 2,100 Notes payable ($6,000 must be paid in February, 2022) 65,800 R. Falkner, capital 172,040 R. Falkner, drawings 47,000 Service revenue 125,600 Interest revenue 1,200 Depreciation expense 9,800...
Perfect Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $14,400...
Perfect Advertising Services Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $14,400 Accounts Receivable 14,500 Office Supplies 5,900 Land 18,700 Building 49,800 Accumulated Depreciation—Building $36,900 Furniture 20,100 Accumulated Depreciation—Furniture 13,700 Accounts Payable 10,300 Salaries Payable 7,100 Unearned Revenue 15,500 Corby, Capital 73,800 Corby, Withdrawals 20,500 Service Revenue 38,500 Salaries Expense 26,500 Supplies Expense 9,700 Depreciation Expense—Building 3,100 Depreciation Expense—Furniture 1,100 Advertising Expense 11,500 Total $195,800 $195,800 Requirement 2. Prepare the statement of​ owner's equity for the...
Prepare the income statement ABC Corporation Adjusted Trial Balance December 31, 2014 Debit Credit Cash $                ...
Prepare the income statement ABC Corporation Adjusted Trial Balance December 31, 2014 Debit Credit Cash $                 650,729 Short term investments                     167,000 Fair value adjustment (Trading)                         8,000 Accounts receivable                     200,200 Allowance for doubtful accounts $                25,000 Inventory                       75,000 Purchases                               - Prepaid insurance                       16,400 LT (Debt) investments (HTM)                     177,824 Land                       75,000 Building                     150,000 Accumulated depreciation: building                     4,400 Equipment                       60,000 Accumulated depreciation: equipment                   22,000 Patent                       27,500 Accounts payable                   75,240...
Post Closing Entries ABC Corporation Adjusted Trial Balance December 31, 2016 Debit Credit Cash $          834,544...
Post Closing Entries ABC Corporation Adjusted Trial Balance December 31, 2016 Debit Credit Cash $          834,544 Accounts Receivable              442,120 Allowance for doubtful accounts               75,000 Inventory                70,000 Allowance to Reduce Inventory to NRV               16,000 Prepaid Insurance                  4,500 Land                88,000 Building                37,500 Accumulated depreciation: building                 1,265 Equipment                21,600 Accumulated depreciation: equipment                 9,900 Patent                45,000 Accounts Payable               88,851 Interest Payable               35,000 Income taxes payable               37,221 Wages payable                 4,000...
Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $85,150 Accounts Receivable 229,140 Supplies...
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 year. There are additional lines in the formatted Balance Sheet form...
which ones go on debit or credit sides on a trial balance cash accounts receivable merchandise...
which ones go on debit or credit sides on a trial balance cash accounts receivable merchandise inventory supplies prepaid insurance equipment accumulated depreciation accounts payable interest payable notes payable salaries payable taxes payable capital, khile withdrawal, khile sales purchases sales Expense miscellaneous expense supplies expense rent expense depreciation expense interest expense
A company has the following adjusted trial​ balance: Account Debit Credit Cash $ 900$900 Accounts Receivable...
A company has the following adjusted trial​ balance: Account Debit Credit Cash $ 900$900 Accounts Receivable 1 comma 2001,200 Inventory 2 comma 1002,100 Supplies 1 comma 7001,700 Prepaid Rent 700700 Land 5 comma 8005,800 Building 39 comma 30039,300 Accumulated Depreciationlong dash—Building $ 9 comma 000$9,000 Accounts Payable 7 comma 7007,700 Unearned Revenue 3 comma 9003,900 Notes​ Payable, due 2020 2 comma 4002,400 Common Stock 6 comma 8006,800 Retained Earnings 3 comma 5003,500 Dividends 1 comma 0001,000 Service Revenue 31 comma...
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.
Joshua Metal Company Adjusted Trial Balance for the Month Ending December 31, 2019 Account Title Debit...
Joshua Metal Company Adjusted Trial Balance for the Month Ending December 31, 2019 Account Title Debit Credit 100-Cash 3,650 101-Accounts Receivable 4,500 102-Supplies 6,800 103-Prepaid Rent 22,000 150-Computer (Cost) 85,000 151-Accumulated Depreciation 2,600 200-Accounts Payable 5,000 201-Unearned Revenue 12,600 202-Salaries & Wages Payable 8,700 300-Owner's Capital 125,000 301-Owner's Drawings 10,000 400-Product Revenue 75,000 404-Service Revenue 36,000 500-Telephone Expense 2,450 601-Salaries & Wages Expense 125,000 650-Supplies Expense 2,500 750-Depreciation Expense 500 790-Rent Expense 2,500 264,900 264,900 Please prepare a journal entry...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT