Transaction analysis, General Ledger, Ledger Accounts and Trial Balance P. The Acorn Nursery School Company provides baby-sitting and child-care programs. On January 31, 20xx, the company had the following trial balance Acorn Nursery School Company Trial Balance January 31, 20xx Cash (111)
Accounting problem, that goes through the basic accounting cycle. Follow instructions for letters A. through G. Can be done in excel or Microsoft Word. On November 1, 2007, the following were the account balances of Coleman equipment Repair. Debits Credits Cash $2,790 Accumulated Deprecia
File attached show all work 26. DINDORF COMPANY THE ACCOUNT BALANCES IN THE LEDGER OF THE DINDORF COMPANY ON JANUARY 31, (THE END OF ITS FISCAL YEAR) BEFORE ADJUSTMENTS WERE AS FOLLOWS;
Please see the attachment.
Instructions: (a) Prepare the adjusting entries for the month of May. (b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. Use T accounts. (c) Prepare an adjusted trial balance at May 31, 2007.
See attached problem. The Thayer Motel, Inc. opened for business on May 1, 2006. Its trial balance before adjustment on May 31 is as follows. Thayer Motel, Inc. Trial Balance May 31, 2006 Account Number Debit Credit 101 Cash $2500 126 Supplies 1900 130 Prepaid Insurance 2400 140 Land 15,0
I need to set up the entries on Excel or Word and show how to place the entries. Prepare closing and reversing entries. On December 31, the adjusted trial balance of Garg Employment Agency shows the following selected data. Analysis shows that adjusting entries were made to (1) accrue $4,200 of commission revenue and (2) acc
Error Analysis; Correcting Entries A partial trial balance of Julie Hartsack Corporation is as follows on December 31, 2008: Supplies on hand $ 2,700 Accrued salaries and wages $ 1,500 Interest receivable on investments 5,100 Prepaid insurance 90,000 Unearned rent 0 Accrued interest payable 15,000 Additional adjustin
FREEMAN COMPANY Work Sheet For the Year Ended December 31, 2003 Income Statement
Please see attached excel sheet. Exercise: Problem P3-7A Course: Date: P3-7A This trial balance of Izo Co. does not balance. IZO CO. Trial Balance June 30, 2007 Debit Credit Cash $2,180 Accounts Receivable $3,370
I am having problems with processing of worksheets, I am enclosing the problem with worksheets and final spread sheets. P07C and given P07C. Please see attached file for full problem description. COLO COMPANY Inv. No. Check Date Description Name or Date No. Terms May1 Paid rent (80% selling space, 20% office sp
Journalize entries for Shelton Engineering for June including posting of T-accounts and preparing a trial balance.
Shelton Engineering completed the following transactions in the month of June. a. invest $105000 cash, office equipment value $6000, $45000 of drafting equipment to launch business. b. purchased land worth $54000 for an office by paying $5400 cash and signing a long-term note payable for $48600. c. purchased a portable b
Pose for Pics Preparing journal entries and trial balances Exercise 2-4 Prepare general journal entries for the following transaction of a new business called Pose for Pics. (please use Excel) Aug. 1 -Hashim Paris, the owner, invested $7500 cash and $32500 of photography equipment in the business. Aug. 1 -paid $3000
The trial balances before and after adjustment for Villa Company at the end of its fiscal year are presented below. VILLA COMPANY Trial Balance August 31, 2006
ABERCROMBIE & FITCH CO Accounting Problem -------------------------------------------------------------------------------- Instructions: 1. Go to Blackboard and download "ANF Worksheet." The first tab has pre-made T-Accounts that do not yet have titles. Name the T-accounts for each balance sheet and income statement
A bank business client has come to you for advice on the effects that certain transactions will have on his business. You don't have time to journalize the transactions, so the transactions have to be analyzed without the use of a journal. The client plans to continue the business only if he can expect a monthly net income of at
The trial balance of Blues Traveler Corporation does not balance. BLUES TRAVELER CORPORATION Trial Balance April 30 (see chart in attached file) An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded(both debit and credit) as $ 1380 instead of $1830. 2. The purcha
Adjusted Trial Balance Income statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. (See attached file for full problem description)
The bookkeeper for XYZ Lawn Mowing Service made a number of errors in journalizing and posting as described below: 1. A debit posting to accounts receivable for $500 was omitted. 2. A payment of accounts payable for $600 was credited to cash and debited to accounts receivable. 3. A credit to accounts receivable for $450 was
I am an unclear on how to do this section for some reason.B. Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. P2-4A A review of the ledger of Greenberg Company at December 31, 2002, produces the following data pertaining to the preparation of annual
(See attached file for full problem description) --- Rebecca Sherrick Management Services Inc. began business on Januaary 1 2002, with a capital investment of $120,000. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted tri
The adjusted trial balance columns of the work sheet for Boss Nass Company, owned by Boss Nass, are as follows. Instructions (a) Complete the work sheet by extending the balances to the financial statement columns. (b) Prepare an income statement, a retained earnings statement, and a classified balance sheet. (Note: $10,000
Western Hoteliers, Inc.'s unadjusted and adjusted trial balances at September 30, 20x1, follow: Western Hoteliers, Inc Adjusted trial balance September 30, 20x1 Trial Balance adjusted trial balance Account title debit credit debit credit Cash 8180 8180 Accounts receivable 6360 6840 Interest receivabl
1) Garcia Corporation received cash of $9,000 on August 1, 1998 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 1998 adjusting entry is a. debit Rent Revenue and credit Unearned Rent, $3,750. b. debit Rent Revenue and credit Unearned Rent, $5,250.
I started working on this problem and I'm stuck. I think something is missing or left out in my adjustments. I feel pretty comfortable doing balance sheets and retained earnings, but I need the information in the Adjusted Trial balance before I can continue on with the rest of this problem. Can you help please? (See attached
The trial balance columns of the work sheet for Phantom Roofing Inc. at March 3l, 2002, are as follows: PHANTOM ROOFING INC. Work Sheet ? For the Month Ended March 31, 2002 Trial balance Account titles______ Debit Credit Cash 2,500 Accounts receivable 1,600 Roofing supplies 1,100 Equipment 6,000 Accumulated depreciatio
See formats provided in attached file. On July 1, 2006 Leon Cruz established an interior design business, Ingres Designs. During the remainder of the month leon cruz completed the following transactionsrelated to the business. JULY 1----leon transfered cash from a personal account to an account to be used for business---1
(See attached files for full problem description) Raymond Company has the following opening account balances in its general and subsidiary ledgers on January 1 and uses the periodic inventory system. All accounts have normal debit and credit balances. Jan. 3 Sell merchandise on credit to B. Soto $3,100, invoice no. 51
A review of the ledger of Greenberg Company at December 31, 2002, produces the following data pertaining to the preparation of annual adjusting entries
P3-5A Ewok-Ackbar opened Ewok's Carpet Cleaners Inc. on March 1. During March, the following transactions were completed. Mar. 1 Issued $10,000 of common stock for $10,000 cash. 1 Purchased used truck for $6,000, paying $4,000 cash and the balance on account. 3 Purchased cleaning supplies for $1,200 on
P1-9A Bill Fence owns and manages a computer repair service, which had the following trial balance on December 31, 2001 (the end of its fiscal year): Summarized transactions for January 2002 were as follows. 1. Advertising costs, paid in cash, $1,300. 2. Additional repair parts inventory acquired on account $4,000. 3. Misc