Homework Help is Here – Start Your Trial Now!
Business
Accounting
DATE Dec. 9 ACCOUNT Insurance Expense DATE ITEM Blance ITEM ACCOUNT Miscellaneous Expense POST. REF. DEBIT 1$ 2,530.00 POST. REF. DEBIT 1 CREDIT BALANCE CREDIT DEBIT $ 2,530.00 ACCOUNT NO. BALANCE DEBIT CREDIT ACCOUNT NO 520 CREDIT 530

DATE Dec. 9 ACCOUNT Insurance Expense DATE ITEM Blance ITEM ACCOUNT Miscellaneous Expense POST. REF. DEBIT 1$ 2,530.00 POST. REF. DEBIT 1 CREDIT BALANCE CREDIT DEBIT $ 2,530.00 ACCOUNT NO. BALANCE DEBIT CREDIT ACCOUNT NO 520 CREDIT 530

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Fill in the blank ledgers using the completed work sheet.

ACCOUNT Advertising Expense DATE Dec. 9 ACCOUNT Insurance Expense DATE DATE Dec. 9 ITEM |Blance ACCOUNT Miscellaneous Expense DATE ITEM ITEM ACCOUNT Supplies Expense ITEM POST. REF. 1 $ 2,530.00 POST. REF. 1 POST. REF. DEBIT POST. REF. DEBIT DEBIT 1 S 780.00 DEBIT ACCOUNT NO. CREDIT CREDIT BALANCE ACCOUNT NO. CREDIT DEBIT $ 2,530.00 CREDIT BALANCE DEBIT DEBIT ACCOUNT NO. 530 BALANCE S 780.00 ACCOUNT NO. CREDIT 510 DEBIT 520 CREDIT BALANCE CREDIT 540 CREDIT
Transcribed Image Text:ACCOUNT Advertising Expense DATE Dec. 9 ACCOUNT Insurance Expense DATE DATE Dec. 9 ITEM |Blance ACCOUNT Miscellaneous Expense DATE ITEM ITEM ACCOUNT Supplies Expense ITEM POST. REF. 1 $ 2,530.00 POST. REF. 1 POST. REF. DEBIT POST. REF. DEBIT DEBIT 1 S 780.00 DEBIT ACCOUNT NO. CREDIT CREDIT BALANCE ACCOUNT NO. CREDIT DEBIT $ 2,530.00 CREDIT BALANCE DEBIT DEBIT ACCOUNT NO. 530 BALANCE S 780.00 ACCOUNT NO. CREDIT 510 DEBIT 520 CREDIT BALANCE CREDIT 540 CREDIT
Account Title Cash Petty Cash Accounts receivable Supplies Insurance Accounts payable Ray Brown, Capital Ray Brown, Drawings Income Summary Sales Advertising expense Insurance expense Miscellaneous expense Supplies expense Utilities expense Net Income $ $ S $ $ S S Trial Balance $ Debit 21,980.00 300.00 6,250.00 12,100.00 3,600.00 S 2,530.00 7,000.00 780.00 5,560.00 Credit $ 1,100.00 $ 10,000.00 $ 49,000.00 Browns plumbing and heating For the fiscal period Ending December 31st, 20xx $ $ Debit Adjustments 2,700.00 6,500.00 Credit $ 6,500.00 $ 2,700.00 Income Statement Debit $ 2,530.00 $ $ 2,700.00 780.00 $ 6,500.00 S 5,560.00 $ 30,930.00 Credit $ 49,000.00 $ $ S $ S $ Balance Sheet Debit 21,980.00 300.00 6,250.00 5,600.00 900.00 7,000.00 Credit $ 1,100.00 $ 10,000.00 $ $ 42,030.00 $ 30,930.00 42,030.00
Transcribed Image Text:Account Title Cash Petty Cash Accounts receivable Supplies Insurance Accounts payable Ray Brown, Capital Ray Brown, Drawings Income Summary Sales Advertising expense Insurance expense Miscellaneous expense Supplies expense Utilities expense Net Income $ $ S $ $ S S Trial Balance $ Debit 21,980.00 300.00 6,250.00 12,100.00 3,600.00 S 2,530.00 7,000.00 780.00 5,560.00 Credit $ 1,100.00 $ 10,000.00 $ 49,000.00 Browns plumbing and heating For the fiscal period Ending December 31st, 20xx $ $ Debit Adjustments 2,700.00 6,500.00 Credit $ 6,500.00 $ 2,700.00 Income Statement Debit $ 2,530.00 $ $ 2,700.00 780.00 $ 6,500.00 S 5,560.00 $ 30,930.00 Credit $ 49,000.00 $ $ S $ S $ Balance Sheet Debit 21,980.00 300.00 6,250.00 5,600.00 900.00 7,000.00 Credit $ 1,100.00 $ 10,000.00 $ $ 42,030.00 $ 30,930.00 42,030.00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Legal, Regulatory and Professional Obligations of Auditors
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS