From the following data from the ledger, give the total amount that will be in the credit column.AccountNormal BalanceEquipment95,400Accounts Payable11,000Dividends7,000Salaries and Wages Expense53.975Common Stock35.000Notes PayableCash17.00014.125Prepaid Insurance7.500Accounts ReceivableService Revenue5.500129.875Salaries and Wages Payable12,125Rent Expense12,000Utilities Expense9.500

Account Payable - Liability11000Common stock - Is equity shown as Credit balance35000Note Payable -…

Answered: From the following data from the…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.19C

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Similar questions

In the balance sheet, accounts Receivable, where did you get 489,555 from?
Indicate whether the general ledger accounts will be debited or credited when recording the following entries: Sell goods to a customer for R500 Debtors: DEBIT Debtors: CREDIT
Account Titles and Explanation (To record sales on account) (To record collection of accounts receivable) Debit Credit 100
Brickman’s ending balance of Accounts Receivable is $19,500. Use the data in the preceding question to compute the net realizable value of Accounts Receivable at year-end. $16,800 $19,500 $17,400 $17,900
Write a journal entry for the following beginning balance: “accounts receivable (net of allowance of 5200) 235,884"
Which item will appear on the credit side of the ledger account? a. Salary b. Drawings c. Service revenue d. Accounts receivable
The schedule of accounts payable lists each creditors account balance, and the total equals the _________________. a. Controlling account in the journal b. Accounts Payable account in the general ledger c. Accounts Receivable account in the general ledger d. Purchases account in the general ledger e. Sales account in the general ledger
SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Gelph Co. as of November 30, 20--.
Allowance method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:
Refer to RE6-3. Assume Long records accounts receivable and sales using the net price method. Prepare the related journal entries for Long.
The accounts receivable account has a debit balance of $214,000 and the allowance for uncollectible accounts has a credit balance of $8,000. What is the "net accounts receivable (net realizable value)" that will be shown on the balance sheet? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 ASUS f4 f5 f7 f8 f6 [X f9 f10 f11 4. 6 7 8 9. Y U 5 图 %24
The debits and credits from three related transactions are presented in the following creditor's account taken from the accounts payable ledger: Apex Performance Co. 101 W. Stratford Ave. NAME ADDRESS Post. Credit Balance Date Item Ref. Debit 20Y7 June 6 P49 12,000 12,000 J12 14 150 11,850 CP23 16 11,850 Describe each transaction and identify the source of each posting.

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