Hankik EnterprisesWorksheetFor the Year Ended July 31, 2015Adjusted TrialTrial BalanceAdjustmentsDescriptionBalanceDebitDebitCreditCreditDebitCreditCash36Prepaid Insurance12Fees Receivable56Supplies12Equipment60Accum. Depreciation12Uncarned Revenue20Accounts Payable32Wages PayableRamon Hikik, Capital84Ramon Hikik,4DrawingService Revenue80Advertising Expense28Wage Expense20Insurance ExpenseSupplies ExpenseDepreciation Expense228Totals228 REQUIRED: Enter the adjustment data in the work sheet for the transactions shown below and place thebalances in the Adjusted Trial Balance columns.a. Depreciation on equipment $1b. Accrued Wages $2c. Unused supplies on hand $8d. Of the unearned revenue, 75% has been earned.e. Unexpired insurance remaining at the end of the month, $9

Worksheet: A spreadsheet is a worksheet. It is used while preparing the financial statement. It is a…

Answered: Hankik Enterprises Worksheet For the…

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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Information: THIRSK COMPUTER TRADERS PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 20.4 Statement of Financial Position alc's section Fol Debit B1 Credit 365 850 B2 180 000 Capital 550 000 83 Drawings Vehicles at cost B4 240 000 Computer equipment at cost Accumulated depreciation on vehicles 85 420 000 B6 Accumulated depreciation on computer 160 000 equipment 87 220 000 Loan from Star Bank (14% p.a.) 88 80 000 Fixed deposit at Star Bank (8% p.a.) 89 245 000 Trading stock B10 90 000 Debtors control B11 110 000 Creditors control B12 24 000 Bank B13 500 Petty cash 814 500 Cash float Nominal accounts section N1 Sales 2 400 000 N2 100 000 Debtors allowances Cost of sales N3 1 350 000 Rent expense N4 55 000 Fee income N5 120 000 Interest on overdue debtors accounts N6 1200 Interest on current bank account N7 850 Interest on loan N8 28 000 Salaries & wages N9 430 000 Bad debts N10 1.100 Insurance N11 15400 Telephone N12 Vehicle expenses 9 200 N13 Repairs & maintenance 15 000 Consumable stores…
Pete's Roofing, Inc. Unadjusted Trial Balance December 31, 2014 Account Debit Credit Cash $ 5,000 Accounts Receivable 20,000 Supplies 6,000 Prepaid Rent 10,500 Equipment 850,000 Accumulated Depreciation 235,000 Other Assets 65,000 Accounts Payable 10,500 Unearned Service Revenue 12,500 Note Payable 60,000 Common Stock 285,000 Retained Earnings 35,000 Service Revenue 625,000 Wages Expense 205,000 Rent Expense 92,600 Interest Expense…
ORANGE DESIGNS Adjusted Trial Balance December 31, 2021 Accounts Debits Credits $ 5,300 4,300 2,300 6,300 113,000 Cash Accounts Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Notes Payable (due in four years) $ 21,300 3,300 4,300 1,000 23,000 53,000 15,300 114,100 Common Stock Retained Earnings Service Revenues 42,300 18,300 7,300 8,300 13,300 12,300 2,300 Salaries Expense Rent Expense Depreciation Expense Supplies Expense Advertising Expense Utilities Expense Interest Expense $235,300 $235,300 Totals
CONSTRUCTION Adjusted Trial Balance December 31, 2017 No. Account Title Debit 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building Credit $4 6,500 23,500 9,500 7,200 55,000 $ 27,500 156,000 183 Land 52,000 71,310 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term notes payable 301 0. Tybalt, Capital 302 0. Tybalt, Withdrawals 401 Professional fees earned 18,000 2,300 3,600 2,100 1,300 7,300 68,500 129,500 12,700 100,000 18,000 2,400 2,200 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense…
Lion Consulting Adjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cash 92,000 Accounts Receivable 450,000 Merchandise Inventory 370,000 Estimated Returns Inventory 5,000 Office Supplies 10,000 Prepaid Insurance 12,000 Office Equipment 220,000 Accumulated Depreciation - Office Equip. 58,000 Store Equipment 650,000 Accumulated Depreciation - Store Equip. 87,500 Accounts Payable 38,500 Customer Refunds Payable 10,000 Salaries Payable 4,000 Note Payable (final payment due 2029)* *140,000 M.T. Lion, Capital 431,000 M.T. Lion, Drawing 300,000 Sales 8,925,000 Cost of Merchandise Sold 5,620,000 Sales Salary Expense 850,000 Advertising Expense 420,000 Depreciation Expense--Store Equipment 33,000 Miscellaneous Selling Expense…
The following is the adjusted trial balance for Nadia Company. Nadia Company Adjusted Trial Balance December 31, 2018 Account No. Debit Balances Credit Balances Cash 11 5,130 Accounts Receivable 12 3,300 Prepaid Rent 13 420 Equipment 18 12,400 Accumulated Depreciation 19 2,200 Accounts Payable 21 700 Notes Payable (final payment due 2020) 22 3,070 Nadia Porter, Capital 31 13,000 Nadia Porter, Drawing 32 700 Fees Earned 41 10,930 Wages Expense 51 2,450 Rent Expense 52 1,900 Utilities Expense 53 1,475 Depreciation Expense 54 1,150 Miscellaneous Expense 59 975 Totals 29,900 29,900 Prepare an income statement, statement of owner’s equity, and balance sheet. Assume that the capital balance represents a $10,000 beginning balance and that…
Week 7 Discussion question Accounting for Assets: Receivables Johnson company’s financial year ended on December 31, 2010. All the transactions related to the company’s uncollectible accounts are can be found below: January 15 Wrote of $440 account of Miller Company as uncollectible April 2nd Re-establish the account of Louisa Teller and record the collection of $1,050 as payment in full for her account which had been written off earlier July 31 Received 40% of the $700 balance owed by William John and wrote off the remainder as uncollectible August 15 Wrote off as uncollectible the accounts of Sherwin Company, $1,700 and V. Vasell $2,200 September 26 Received 25% of the $1,140 owed by Grant Company and wrote off the remainder as uncollectible October 16 Received $741 from M. Fuller in full payment of his account which had been written off earlier as uncollectible December 31 Estimated uncollectible…
Atlantic Corporation Unadjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash 33,718 Accounts Receivable Office Supplies 5,578 3,800 7,200 Prepaid Rent Business Vehicle 18,000 Accumulated Depreciation-Bus. Vehicle Accounts Payable Salaries Payable Interest Payable 200 Unearned Revenue Notes Payable 2,500 15,000 Macks, Capital Macks, Withdrawals Service Revenue Salaries Expense 29,570 5,474 32,500 6,000 Office Supplies Expense Depreciation Expense-Business Vehicle Rent Expense Interest Expense Total 79,770 79,770
Post closing trial balance please
View Policies Current Attempt in Progress This is the trial balance of Blossom Company on September 30. BLOSSOM COMPANY Trial Balance September 30, 2017 Debit Credit Cash $ 23,240 Accounts Receivable 6,640 Supplies 5,020 Equipment 10,920 Accounts Payable $8,840 Unearned Service 4,020 Revenue Common Stock 19,040 Retained Earnings 13,920 $45,820 $45,820 The October transactions were as follows. Oct. 5 Received $1,470 in cash from customers for accounts receivable due. Billed customers for services performed $5,020. Paid employee salaries $1,380. Performed $560 of services in exchange for cash. Paid $1,800 to creditors for accounts payable due. 10 15 17 20 29 Paid a $340 cash dividend. 31 Paid utilities $440.
Lion Consulting Adjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cash 92,000 Accounts Receivable 450,000 Merchandise Inventory 370,000 Estimated Returns Inventory 5,000 Office Supplies 10,000 Prepaid Insurance 12,000 Office Equipment 220,000 Accumulated Depreciation - Office Equip. 58,000 Store Equipment 650,000 Accumulated Depreciation - Store Equip. 87,500 Accounts Payable 38,500 Customer Refunds Payable 10,000 Salaries Payable 4,000 Note Payable (final payment due 2029)* *140,000 M.T. Lion, Capital 431,000 M.T. Lion, Drawing 300,000 Sales 8,925,000 Cost of Merchandise Sold 5,620,000 Sales Salary Expense 850,000 Advertising Expense 420,000 Depreciation Expense--Store Equipment 33,000 Miscellaneous Selling Expense…
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