Match each journal entry that follows as one of the types of journal entries. Cash 450 Journal entries Fees Earned 450 Wages Expense 870 Adjusting journal entries Choose ✓Closing journal entries Adjusting journal entries Journal entries [Choose] Wages Payable 870 Debit Retained Earnings 650, Credit Dividends 650 Debit Utilities Expense 589, Credit Cash 589

Match each journal entry that follows as one of the types of journal entries. Cash 450 Journal entries Fees Earned 450 Wages Expense 870 Adjusting journal entries Choose ✓Closing journal entries Adjusting journal entries Journal entries [Choose] Wages Payable 870 Debit Retained Earnings 650, Credit Dividends 650 Debit Utilities Expense 589, Credit Cash 589

Name: Match each journal entry that follows as one of the types of journal
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Match each journal entry that follows as one of the types of journal entries.Cash450Journal entriesFees Earned450Wages Expense 870Adjusting journal entriesChoose ]✓Closing journal entriesAdjusting journal entriesJournal entries[Choose]Wages Payable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

create a t account for this month
please provide all journal entry without image thnx
Answer full question please.
ABC Company has the following T Account at the end of the year: Post to T-Acct (aka Ledger) Asset Cash Liability + C/ stock - Dividend + Acct Payable Commonstah Dividend Revenue 30,000 1,000 500 Common stah Dividend Service Revenue 30,000 480 Expense Rent expense 41000 500 15,000 4,000 5,000 15,000 480 Travel expense 1,000 Insurance expense 5,000
How do I record the current transaction?
A. March 1, paid interest due on note, $2,900 B. December 31, interest accrued on note payable, $4,350 Prepare journal entries to record the above transactions. If an amount box does not require an entry, leave it blank. Mar.1 Dec. 31 Create a T-account for Interest Payable, post any entries that affect the account, and tally the ending balance for the account (assume Interest Payable beginning balance of $2,900). Interest Payable Beginning Balance Balance
to Financial Accounting / FINAL EXAM ACCT101 FALL 2020-2021 Muscat Company Paid R.O 4, 000 on balance owed for Account Payable incurred last month. Which of the following journal entries is recorded correctly and in the standard format? Select the correct answer: ion Select one: O a. DEBIT Cash OMR 4,000 and CREDIT Account Payable OMR 4,000 O b. DEBIT Account Payable OMR 4,000 and CREDIT Cash OMR 4,000 Oc. No entry-not a transaction O d. DEBIT Cash OMR 4,000 and CREDIT Utilities Expense OMR 55,000 e. DEBIT Utilities Expense OMR 4,000 and CREDIT Account Payable OMR 4,000 Finish attempt Seyll lis si page
3.0Ledgers Cash Account No.101 Balance Date Account and explanation Debit (RM) Credit (RM) (RM) 2020 Aug-01 Capital 1 Rent expenses 5 Service revenue 15000 15000 800 14200 150 14350 11 Moonlight Enterprise 16 Drawings 1746 12604 200 12404 17 Asher 490 12894 20 Service revenue 700 13394 25 Unearned service revenue 500 13894 30 Wages 400 13694 Capital Account No.301 Balance Date Account and explanation Debit (RM) Credit (RM) (RM) 2020 Aug-01 Cash 15000 15000 Rental Account No.510 Balance Date Account and explanation Debit (RM) Credit (RM) (RM) 2020 August 1 Cash 800 800 31 Prepaid rental 400 400 Supplies Account No.516 Balance Date Account and explanation Debit (RM) Credit (RM) (RM) 2020 August 1 Account payable 1920 1920 Account Payables No.201 Balance Date Account and explanation Debit (RM) Credit (RM) (RM) 2020 August 2 Supplies 1920 1920 6 Return outwards 11 Cash 120 1800 1746 54 Discount received 54 Service Revenue Account No.401 Balance Date Account and explanation Debit (RM)…
Please do not give image format
Please don't provide answer in image format thank you Use these account balances to prepare the financial statements for Freddy's Fudge and Food Gifts. Each financial statement should be shown on the following three sheets of paper. The headings, subtotals, totals and formatting should be proper according to GAAP. Freddy's Fudge and Food Gifts Account Balances December 31, 2021 Account Amounts Accounts payable 31,520 Accounts receivable 77,770 Accrued payroll taxes 2,450 Accumulated depreciation 33,800 Additional Paid In Capital - Common Stock 6,000 Advertising expense 9,800 Allowance for Doubtful Accounts 7,200 Bonds payable 100,000 Buildings 98,600 Cash 15,425 Common stock 50,000 Cost of Goods Sold 948,332 Current portion of long-term debt 5,000 Depreciation expense 12,800 Discount on bonds 6,800 Dividends 20,000 Employee benefits 26,480 Equipment 45,500 Income tax expense 12,690 Insurance expense 5,600 Interest and dividend income 1,800 Interest expense (2,600) Inventory…
Sample Worksheet Work Sheet For the Month Ended January 31, 2020 Trial Balance Adjustments Adj. T/Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. 13,200 22,000 5,400 29,250 22,000 5,400 Cash 20,000 b-h 3,950 29,250 22,000 a CD'S Other Securities 5,400 Loan Payable Owner' Equity 25,000 15,600 b 25,000 15,100 25,000 15,100 500 Revenue a 20,000 20,000 20,000 Interest Income Utilities expense Internet & Telephone Advertising Expense C 300 300 300 150 150 150 e 300 300 300 Rent Expense f 2,000 2,000 2,000 Supplies expense 450 450 450 Insurance expense 250 250 250 40,100 16,550 56,650 40,600 23,950 60,100 3,450 16,550 20,000 40,600 23,950 60,100 20,000 56,650 Net income 20,000 56,650 1. Cash is overstate by 500.00 and Owners Equity is overstated by $500.00. 2. Utilities Expense of $300.00 was paid on January 25. 3. Insurance expense of $250.00 was paid on January 27. 4. supplies for the month in the amount of $450.00 was purchased. 5. Rent for…
Instructions: Give its Financial Statements, Preparation of Closing Entries & Posting to ledger, Post- Closing Trial Balance Accounting Worksheet Trial Balance Income Statement Balance Sheet Particulars Debit Credit Debit Credit Debit Credit Purchases 118160 - 118160 - - - Accounts payable - 10000 - - - 10000 Account receivables 16000 - - - 16000 - Sales - 55200 - 55200 - - Purchase Return - 4300 - 4300 - - Cash - 57660 -…