rThe unadjusted trial balance as of July 31, 2025, for Sharon Silver, Registered Dietician, is presented below:View the unadjusted trial balance.Read the requirements.Requirement 1. Prepare the income statement for the month ended July 31, 2025. (If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.)Sharon Silver, Registered DieticianIncome StatementMonth Ended July 31, 2025Expenses:Revenues:Total AssetsTotal ExpensesTotal LiabilitiesTotal Liabilities and Stockholders' EquityAsk my instructorRequirements1. Prepare the income statement for the month ended July 31, 2025.2. Prepare the statement of retained earnings for the month ended July 31,2025. The beginning balance of retained earnings was $0.3. Prepare the balance sheet as of July 31, 2025.4. Calculate the debt ratio as of July 31, 2025.PrintDoneXUnadjusted Trial BalanceSharon Silver, Registered DieticianUnadjusted Trial BalanceJuly 31, 2025Account TitleCashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentAccounts PayableUnearned RevenueNotes PayableCommon StockDividendsService RevenueSalaries ExpenseRent ExpenseUtilities ExpenseTotalDebitBalance35,0009,8001,9002,60022,0002,9001,80070020076,900 $Credit1,6009,61528,00025,00012,68576,900X

Income statment , Statement of Equity and Balance sheet are finanical statments that disclose the…

Answered: ed July 31, 2025 Unadjusted Trial…

ed July 31, 2025 Unadjusted Trial Balanc Sharon Silver, Regist Unadjusted Tria July 31, 20 Account Title Cash Accounts Receivable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PLEASE ANSWER ASAP Problem No. 3 You are auditing the accounts receivable and the related allowance for bad debts account of AACA Company. The following data are available: General Ledger Accounts Receivable 2022 Dec. 31 381,600 Allowance for Bad Debts 2022 2022 Jul. 31 GJ Write-off 7,200 Jan. 1 Balance 9,000 Dec. 31 GJ - Provision 21,600 Summary of Aging Schedule The summary of the subsidiary ledger balances as of December 31, 2022, is shown below: Debit balances Under one month P 162,000 One to six months 165,600 Over six months 68,400 P 396,000 Credit balances Mark Co. P 3,600 OK; additional billing in Jan. 2023 Lady Co. 6,300 Should have been credited to Ivan Co.* 8,100 Advance on a sales contract P 18,000 *Account is in “one to six months” classification. The…
Item4 11.11points eBookReferences Check my workCheck My Work button is now enabled3 Item 4 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $19,000 cash deposit in checking account. $52,000 bond investment due in 20 years. $13,000 U.S. Treasury bill due in 1 month. $1,000, 3-year loan to an employee. $4,200 of currency and coins. $1,300 of accounts receivable.
The bank statement for Unique Fashion had an ending cash balance of $2,200 on April 30, 2022. On this date the cash balance in their general ledger was $3,678. After comparing the bank statement with the company records, the following information was determined. The bank returned an NSF cheque in the amount of $350 that Unique Fashion deposited on April 20. The NSF service fee was $9. A direct deposit received from a customer on April 29 in payment of their accounts totaling $3,780. This has not yet been recorded by the company. On April 29, the bank deposited $16 for interest earned. The bank withdrew $35 for bank service charges. Deposits in transit on April 30 totalled $4,880. Required Reconcile the ledger and bank statement and create the required journal entries. Do not enter dollar signs or commas in the input boxes. Do not use negative signs. Select the proper order for the headings of the Bank Reconciliation. Cash balance per bank statement Add Outstanding deposit Adjusted bank…
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Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) [The following information applies to the questions displayed below.]The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to customers on account for $41,000. September 17, 2021 Receive $25,000 from customers on account. December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $56,000. May 20, 2022 Receive $10,000 from customers for services provided in 2021. July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $45,000 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. Problem 5-3A…
Question 3 of 8 > -/2 View Policies Current Attempt in Progress What is the journal entry to record an uncollectible accounts receivable? Bad Debt Expense XXX Allowance for Doubtful Accounts XXX Bad Debt Expenses XXX Accounts Receivable XXX Accounts Receivable XXX Allowance for Doubtful Accounts XXX Allowance for Doubtful Accounts XXX Accounts Receivable XXX Save for Later Attempts: 0 of 1 used Submit Ans
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Cash Receipt #94 Dated April 4, 2022 From Jokers Et Al., cheque #2213 for $950 in full payment of invoice # 287, taking into account 2% sales discount of $50 for early payment. 04-15-2022 J2 1080 1200 94, Jokers Et Al. Bank: Chequing Accounts Receivable 1,000.00 1,000.00 Compare the transaction information and the transaction as captured in Sage and state, what was done wrong and how would you correct it?
ork Problems Chapter 2 of 3 eBook Print References Mc Graw Hill 9 O8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl= ! Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable Equity, December 31, Year 1 Add: Owner's investment Less: Dividends Equity, December 31, Year 2 Year 1 $ 52,692 28,602 F2 4,512 138,498 54, 196 0 0 75,195 0 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: During Year 2, the owner invested $36,000 additional cash in the business in exchange for common stock, and the company paid a $37,200 cash dividend. C # $ 65 Year 2 F3 $ 9,883 22,424 3,305 147,527 63, 196 180,667 45,083…
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