On march 1 2006, Tim Cochran established star realty, which completed the following transactions during the month: a. Tim Cochran transferred cash from a personal bank accound to an account to be used for the business, 12,000 b- purchased supplies on account, 850 c earned sales commissions, receiving cash, 12,600 d paid rent
Shaun wilcox, an archetect, opened an office on April, 1 2006. During the month, he completed the following transactions connected with his professional practice: a. trasferred cash from a personal bank acount to an account to be used for the business, 17,500 b. purchased used automobile for 15,300, paying 4,000 cash and givin
Given accounts in disorder. Need to arrange in proper order and place debit and credit amounts. Need to balance. ACCOUNT AMOUNT 101 CASH 480,000.00 103 MARKETABLE SECURITIES 200,000.00 105 ACCOUNTS RECEIVABLES 406,000.00 112 ADMINISTRATIVE EXPENSE 335,000.00 115 INVENTORIES 1,285,000.00 118 PREP
Preparing a Balance Sheet The balance sheet items of the Prosser Company as of December 31, 2002, follow in random order. You are to prepare a balance sheet for the company, using a similar sequence for assets as illustrated in Exhibit 2-9. You must compute the amount for Retained Earnings. Financial Statement Preparat
See attached file. PROBLEM #4 The following trial balance existed at 12/31/2250 for Picard and Company, a consulting company... Required: 1. Prepare the journal entries for the above adjustments, record them in the appropriate columns and calculate the new balances in the adjusted trial balance. 2. What is the n
Below are some Financial Accounting Questions I have. The adjusted trial balance of Full Spectrum Color Laboratory at June 30, 19X9, after all adjustments, follows... Full Spectrum Color Laboratory Adjusted Trial Balance June 30, 19X9 Cash............................................................................
II. The following unadjusted account balances and adjustment data are for Cope company as of December 31, 2001. Cash = $12,900.00 Prepaid insurance = $2,000.00 Office supplies = $1,300.00 Office equipment = $10,500.00 Accumulated dep.- office equipment = $3,500.00 Accounts payable = $2,900.00 Salary payable = $ 0.00 U