It says it’s not complete please help Requlred InformationUse the following information for Exercises 16-18 below.[The following information applies to the questions displayed below.]Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, thecompany's records show the following selected accounts and amounts for the month of August.$ 6,14827,1409,7105,7301,030640CashAccounts receivableOffice suppliesLandOffice equipmentAccounts payableCommon stock25,480 Dividends22,520 Consulting fees earned5,390 Rent expense44,150 Salaries expense20,170 Telephone expense12,020 Miscellaneous expenses101,800Exercise 2-18 Preparing a balance sheet LO P3Use the above information. to prepare an August 31 balance sheet for Help Today.X Answer is not complete.HELP TODAYBalance SheetAs of August 31Assets:O Liabilities:O Is12,02025,480 O Accounts payable22,520CashAccounts receivableOffice supplies5,390 O Equity:Retained earnings3,890 OCommon stock101,800LandOffice equipment20,170Total equity105,690117,710Os 73,560Total Liabilities and EquityTotal Assets

HELP TODAYIncome StatementFor the month ended August 31 Revenue Consulting…

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable OFfice supplies Land Office equipment Accounts payable Common stock 25,480 Dividends 22,520 Consulting fees earned 5,390 Rent expense 44,15e Salaries expense 20,170 Telephone expense 12,020 Miscellaneous expenses 101,800 $ 6,140 27,140 9,710 5,730 1,030 640 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. 8 Answer is not complete. HELP TODAY Balance Sheet As of August 31 Assets: O Liabilities: 12,020 Cash 25,480 O Accounts payable 22,520 5,390 O Equity: Accounts receivable Office supplies Retained earnings 3,890 O Common stock 101,800 O Land Office equipment 20,170 105,600 Total equity 117,710 73,560 Total Liabilities and Equity Total Assets

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable OFfice supplies Land Office equipment Accounts payable Common stock 25,480 Dividends 22,520 Consulting fees earned 5,390 Rent expense 44,15e Salaries expense 20,170 Telephone expense 12,020 Miscellaneous expenses 101,800 $ 6,140 27,140 9,710 5,730 1,030 640 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. 8 Answer is not complete. HELP TODAY Balance Sheet As of August 31 Assets: O Liabilities: 12,020 Cash 25,480 O Accounts payable 22,520 5,390 O Equity: Accounts receivable Office supplies Retained earnings 3,890 O Common stock 101,800 O Land Office equipment 20,170 105,600 Total equity 117,710 73,560 Total Liabilities and Equity Total Assets

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter21: Accounting For Accruals, Deferrals, And Reversing Entries

Section: Chapter Questions

Problem 1AP

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Below is the trial balance which was extracted from the books of the Ready Hospital Supplies on June 30, the end of the company’s financial year. You are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements. Ready Hospital Supplies Trial Balance as at June 30, 2020 Dr $ Cr $ Cash 127,000.00 Accounts Receivable 151,000.00 Allowance for Bad-Debts 12,500.00 Merchandise Inventory 187,500.00 Store Supplies 58,000.00 Prepaid Insurance 72,000.00 Prepaid Rent 56,000.00 Furniture & Fixtures 800,000.00 Accumulated Depreciation: Furniture & Fixtures 256,000.00 Computer Equipment 450,000.00 Accumulated Depreciation: Computer Equipment Accounts Payable 133,500.00 Salaries Payable Interest Payable 27,000.00…
Journalizing transactions and posting to T-accounts Roland Poster Optical Dispensary completed the following transactions during the latter part of March: Requirements Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. Open the following accounts (use T-account format): Cash (Beginning Balance of $21,000), Office Supplies, and Accounts Payable. Post the journal entries from Requirement 1 to the accounts, and compute the balance in each account.
The cash payments and purchases journals for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of 2,230, consisting of an amount owed to Augusta Sod Co. Prepare a schedule of the accounts payable creditor balances and determine that the total agrees with the ending balance of the accounts payable controlling account.
Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for 8,500. Prepare the journal entry for McKinncy to record the collection of the account previously written off.
Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger?
The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7. Dec. 31. Dec. 31. 20Y8 Feb. 5. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume February has 28 days in 2018 If required, round the interest to the nearest cent. 20Y7, Dec. 7 Dec. 31 Received from Unitarian Clothing and Bags Co., on account, a $84,000, 60-day, 7% note dated December 7. Recorded an adjusting entry for accrued interest on the note of December 7. Recorded the closing entry for interest revenue. Dec. 31 20Y8, Feb. 5
I posted this a few days ago. In the attached image is the updated trial balance. All I need is help with creating the balance sheet from the provided data. ACC 122 Fall 2020Comprehensive ProjectBestValue Corporation's Trial Balance at December 31, 20XX is presented below.All 20XX transactions have been recorded except for the items described on the next page.Debit CreditCash $ 109,890Accounts Receivable 28,789Inventory 25,540Debt Investments 0Land 55,674Buildings 215,850Equipment 75,120Allowance for Doubtful Accounts $ 1,027Accumulated Depreciation-Buildings 63,306Accumulated Depreciation-Equipment 16,048Accounts Payable 35,278Interest Payable 0Unearned Rent Revenue 48,900Dividends Payable 0Income Tax Payable 0Bonds Payable 0Discount on Bonds Payable 0Common Stock ($2 par) 29,200Paid in Capital in Excess of Par-Common Stock 44,580Preferred Stock ($60 par) 0Paid in Capital in Excess of Par-Preferred Stock 0Retained Earnings 107,904Treasury Stock 0Cash Dividends 0Sales Revenue…
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Home Office collected 100,000 from Branch’s customers on account. Requirements:a. Prepare the journal entries for both the Home Office and Branch books based on theabove transactions.
Read through the transactions impacting JumpStart Co. and answer the question below: On November 10, JumpStart Co. provides $2,900 in services to clients. At the time of service, the clients paid $600 in cash and put the balance on account. On November 20, JumpStart Co. clients paid an additional $900 on their accounts due. Document the journal entries that reflect the November 10 and 20th transactions. Edit View Insert Format Tools Table 12pt v Paragraph v BIUAY O words
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The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells and installs home and business security systems. Required: Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Assume this is a year in which February has 28 days.

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HELP TODAY Income Statement For the month ended August 31
Revenue
Consulting Revenue	$27,140

Total revenue		$27,140

Expenses
Rent expense	9710
Salaries expense	5730
Telephone expense	1030
Miscellaneous expense	640
Total expenses		17110

Net Income		$10030