The following trial balance was taken from the records of Jones Cash $5,000 Raw materials inventory 750 Work in process inventory 1,200 Finished goods inventory 2,100 Property, plant, and equipment 7,500 Accumulated depreciation
Preparing a Trial Balance (as it relates to 3-17) attached. Using the ending balance in the T-account, construct a trial balance. Note: The only account that is common to the T-account is the cash account.
Analyze the effects of transactions using t-accounts and preparing an unadjusted trial balance. Spicewood Stables, Inc., was established in Dripping Springs, Texas, on April 1, 2007. The company provides stables, care for animals, and grounds for riding and showing horses. You have been hired as the new Assistant Controller. The
The adjusted trial balance of Jacks Financial Planners: Debit Credit Cash $17,400 Accounts Receivable 2,200 Office Supplies 1,800 Office Equipment 15,000 Accumulated Depreciation - Office Equipment $4,000 Accounts Payable
See attached file. The MS Excel file contains the trial balance and adjustment information for a merchandising company. Trial Balance and Adjustment Information DR CR Cash $20,000.00 Machinery $16,000.00 Accumulated Depreciation $4,000.00 Merchandise (Ja
The trial balance columns of the work sheet for Undercover Roofing Inc. at March 31, 2006, are as follows. UNDERCOVER ROOFING INC. Work Sheet For the Month Ended March 31, 2006 Trial Balance Account Titles Dr. Cr. Cash 2,500 Accounts Receivable 1,800 Roofing Suppli
P4-1B Sherlock Holmes began operations as a private investigator on January 1, 2006.The trial balance columns of the work sheet for Sherlock Holmes P.I. at March 31 are as follows. SHERLOCK HOLMES P.I. Work Sheet For the Quarter Ended March 31, 2006 Trial Balance Account Titles Dr. Cr. Cash 11,400 Accounts Receivable 5
All nine transactions for Bowan Realty for June, the first month of operations, are recorded in the following T accounts: Cash Capital Stock (1) 20,000 (3) 7,500 (1) 20,000 (7) 6,900 (5) 2,600 (9) 4,700 (6) 5,500 (8) 2,000 Accounts Receivable Dividends (4) 4,900 (9) 4,700 (8) 2,000 Suppli
Please explain the attached problem. QS 9-3: Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $28,000. Uncollectibles are estimated to be 1.5% of accounts receivables. 1. Prepare the December 31 year-end entry fo
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
For the project, use the steps in the accounting cycle to process transactions in a business environment: - Use a given set of transactions to synthesize and enter the transactions into special journals. - Prepare a trial balance, adjusting, and closing entries. - From the given information, prepare a set of financial state
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 following accounts were abstracted from Ed Co.'s unadjusted trial balance at December 31, 2007: Debit Credit Accounts receivable $700,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000 Ed's estimates that 2% of the gross accounts receivable will become uncollectible. After
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