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Trial Balance

Trial Balance and T-accounts

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.

Thayer Motel, Inc. Journal Entries and Trial Balance

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

Adjusted Trial Balance of Garg Employment Agency

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

Partial Trial Balance of Julie Hartsack Corporation

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

Important information about Corrected Trial Balance

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

Colo Company

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

For Pose for Pics, prepare journal entries, T-accounts and a trial balance

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

Preparing adjusting entries

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

Trial Balance

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

Correcting a Trial Balance

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

Financial Accounting - Problem 1

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...

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

Accounting - Enter the trial balance amounts and post the adjusting entries.

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

Rebecca Sherrick Management Services Inc.

(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

Prepare various worksheets

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

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

Accounting : Adjusting Entry, Revenue, Expenses and Trial Balance

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.

Adjustments and Adjusted Trial Balances

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

Trial Balance and Journal Entries and Income Statements

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

Accounting Problem/Income Sheet Trial Balance

(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

T-Accounts, Journal Entries and Trial Balance for Bill Fence

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

12 Short Answer Questions on Accounts: Chart of accounts, trial balance, adjusting entries, differences between prepaids and accruals, different journal entries associated with booking prepaid insurance and unrecorded insurance

1) What are the components of the chart of accounts? 2) What is the purpose of the numbering structure on a chart of accounts? 3) Why is the structure of the chart of accounts important? 4) Is the chart of accounts the same for every organization? Explain your answer. 5) When is the trial balanc