Blue Spruce Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $10.450 112 Accounts Receivable 9,000 157 Equipment 15.500 $7.000 158 Accumulated Depreciation-Equip 4750 201 Accounts Payable 1.500 208 Unearned Rent Revenue 19.100 311 Common Stock 27000 320 Retained Earnings 16.500 332 Dividends 63.000 400 Service Revenue 6.000 429 Rent Revenue 201 Accounts Payable 208 Unearned Rent Revenue 4750 1.500 311 Common Stock 19,100 320 Retained Earnings 27,000 332 Dividends 16,500 400 Service Revenue 63.000 429 Rent Revenue 6.000

Blue Spruce Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $10.450 112 Accounts Receivable 9,000 157 Equipment 15.500 $7.000 158 Accumulated Depreciation-Equip 4750 201 Accounts Payable 1.500 208 Unearned Rent Revenue 19.100 311 Common Stock 27000 320 Retained Earnings 16.500 332 Dividends 63.000 400 Service Revenue 6.000 429 Rent Revenue 201 Accounts Payable 208 Unearned Rent Revenue 4750 1.500 311 Common Stock 19,100 320 Retained Earnings 27,000 332 Dividends 16,500 400 Service Revenue 63.000 429 Rent Revenue 6.000

Name: Post to the Retained Earnings and Incorme Summary accounts. (Post ent
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: Post to the Retained Earnings and Incorme Summary accounts. (Post entries in the order of journal entries presented in theprevious part. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e(45).)Retained

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Cash €18,800 Accounts Receivable 35,800 Allowance for Doubtful ACcounts €638 Inventory, December 31 84,850 Prepaid Insurance 6,860 Equipment 91,000 Accumulated Depreciation-Equipment 36,650 Notes Payable 29,280 Share Capital-Ordinary 80,329 Retained Earnings 9,970 Sales Revenue 635,513 Cost of Goods Sold 419,500 Salaries and Wages Expense 124,210 Advertising Expense 6,730 Office Expense 4,630 €792,380 €792,380
Please do not give image format
A Company Unadjusted Trial Balance December 31, 2020 Cash $ 27,300 Accounts receivable 4,500 Supplies 900 Prepaid Rent 7,800 Equipment 73,500 Accumulated depreciation: equipment $19,400 Accounts payable 5,700 Unearned revenue 3,800 Note payable 20,000 Common stock 35,000 Retained earnings. 1/1/20 6,400 Service revenue 32,600 Salary expense 8,400 Telephone expense 300 Utilities expense 200 _______ Total $122,900 $122,900 Prepare the adjusting entry for the following: (Answers without supporting calculations will receive 0 points.) The note payable originated on September 1, 2020. The note has an interest rate of 10% with all interest and principle to be paid when the note matures on August 31, 2021. Debit Credit
Account Name Adjusted Trial Balance Debit Credit Cash ₱80,000.00 Accounts Receivable ₱100,000.00 Allowance for Doubtful Accounts ₱44,200.00 Notes Receivable ₱130,000.00 Interest Receivable ₱3,900.00 Merchandise Inventory, beg. ₱ 80,000.00 Prepaid Insurance ₱50,000.00 Prepaid Rent ₱70,000.00 Office Equipment ₱500,000.00 Accumulated Depreciation ₱150,000.00 Accounts Payable ₱30,000.00 Salaries Payable Ya Man, Capital ₱822,000.00 Ya Man, Drawings ₱10,000.00 Sales ₱500,000.00 Sales Returns and Allowances ₱10,000.00 Purchases ₱320,000.00 Freight In ₱3,000.00 Purchase Returns and Allowances ₱10,000.00 Salary Expense ₱40,000.00 Rent Expense ₱14,000.00 Doubtful Accounts Expense ₱39,200.00 Interest Income ₱3,900.00 Insurance Expense ₱10,000.00…
Financial Statement Impact Sheridan Ltd's trial balance at September 30, 2021, was as follows: Question 1 of 10 Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-equipment Deferred revenue Accounts payable Bank loan payable Common shares Retained earnings Dividends declared Service revenue Supplies expense Depreciation expense Salaries expense Utilities expense Interest expense Insurance expense Income tax expense 2 3 Debit $152.000 300,000 36.000 1.476.000 55,000 25,000 164,000 661.000 11.000 21,000 66.000 32,000 Credit $604,000 $9.000 110,000 475,000 25,000 449,000 1.277.000 The company's bookkeeper had failed to record adjusting entries for the following 1 The company's employees had earned salaries of $22.800 during the last six working days in September. These will be paid in the first week of October Interest on the bank loan was not accrued for the month. The loan bears interest at 6% No depreciation expense was recorded for the equipment for…
Current Attempt in Progress Kingbird, Inc's trial balance at the end of its first month of operations reported the following accounts and amounts with normal balances: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $18240 O $35910 O $37050 O $36480 O $37620 570 2850 2280 3420 5700 570 25080 14250 Total credits on Kingbird, Inc's trial balance are
Camaro GTO Torino Cash $ 2,400 $ 230 $ 1,300 Short-term investments 0 0 600 Current receivables 260 510 500 Inventory 2,175 2,020 3,050 Prepaid expenses 300 600 900 Total current assets $ 5,135 $ 3,360 $ 6,350 Current liabilities $ 2,220 $ 1,320 $ 3,550 a. Compute the acid-test ratio for each of the separate cases above.b. Which company is in the best position to meet short-term obligations?
104-Principles of Management Acco y courses/ BUSS 104-2-20202 / TEST 2 SCHEDULED FOR 12TH APRIL 2021 IN CL The BCD Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 190000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR. Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: O a. 245000 OMR O b. NONE OF THESE Oc. 217000 OMR O d. 249000 OMR Next page page s unit 4 Jump to.. nned in se Moor Rakhit Almaschani na uth
Accounting Accounts payable $18,200 Accounts receivable 8,500 Accumulated depreciation—equipment 5,300 Bonds payable 17,500 Cash 25,000 Common stock 26,800 Cost of goods sold 28,800 Depreciation expense 5,000 Dividends 5,900 Equipment 45,500 Interest expense 2,300 Patents 7,260 Retained earnings, January 1, 2022 19,300 Salaries and wages expense 6,100 Sales revenue 53,800 Supplies 6,540 1. Find the Current ratio 2. Debt to assets ratio enter debt to assets ratio in percentages rounded to 1 decimal place % 3. Working capital $enter working capital in dollars 4. Earnings per share value plzz help me in these ratios thnx
eceivables in the Balance Sheet The following partial balance sheet contains errors. ZABEL COMPANYBalance SheetDecember 31, 20Y4 Assets Current assets: Cash $76,000 Notes receivable $117,500 Less interest receivable 9,300 108,200 Account receivable $477,000 Plus allowance for doubtful accounts 21,750 498,750 Prepare a corrected partial balance sheet for Zabel Company.
A Company Unadjusted Trial Balance December 31, 2020 Cash $ 27,300 Accounts receivable 4,500 Supplies 900 Prepaid Rent 7,800 Equipment 73,500 Accumulated depreciation: equipment $19,400 Accounts payable 5,700 Unearned revenue 3,800 Note payable 20,000 Common stock 35,000 Retained earnings. 1/1/20 6,400 Service revenue 32,600 Salary expense 8,400 Telephone expense 300 Utilities expense 200 _______ Total $122,900 $122,900 Prepare the adjusting entry for the following: (Answers without supporting calculations will receive 0 points.) At year-end, services for $2,300 of the unearned fees have not been performed. Debit Credit
Prepare the retained earnings statement Prepare the balance sheet (Classified Format)