-s xaEX 2-16 Trial balanceObj. 4The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabeticalorder as follows. All accounts have normal balances. The balance of the cash account has beenintentionally omitted.Accounts PayableAccounts ReceivableCashCommon StockDividendsFees EarnedInsurance ExpenseLand$ 118,600660,500book?150,00036,0004,330,00018,0001,850,00030,200Notes PayablePrepaid InsuranceRent ExpenseRetained EarningsSuppliesSupplies ExpenseUnearned RentUtilities ExpenseWages Expense$ 75,00021,600390,0001,814,40011,20023,70012,00082,0002,950,000Miscellaneous ExpensePrepare an unadjusted trial balance, listing the accounts in their normal order and inserting themissing figure for cash.

A general ledger's accounts are listed in an unadjusted trial balance, before any adjustment entries…

Obj. 4 EX 2-16 Trial balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable Accounts Receivable Cash Common Stock Dividends Fees Earned Insurance Expense Land $ 118,600 660,500 ? 150,000 36,000 4,330,000 18,000 1,850,000 30,200 Notes Payable Prepaid Insurance Rent Expense Retained Earnings Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense $ 75,000 21,600 390,000 1,814,400 11,200 23,700 12,000 82,000 2,950,000 Miscellaneous Expense Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.

Obj. 4 EX 2-16 Trial balance The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable Accounts Receivable Cash Common Stock Dividends Fees Earned Insurance Expense Land $ 118,600 660,500 ? 150,000 36,000 4,330,000 18,000 1,850,000 30,200 Notes Payable Prepaid Insurance Rent Expense Retained Earnings Supplies Supplies Expense Unearned Rent Utilities Expense Wages Expense $ 75,000 21,600 390,000 1,814,400 11,200 23,700 12,000 82,000 2,950,000 Miscellaneous Expense Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.

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

#9 O Item Prior year Current year Accounts payable 8,193.00 7,858.00 Accounts receivable 6,044.00 6,592.00 Accruals 1,021.00 1,379.00 Cash ??? ??? Common Stock 11,724.00 12,455.00 COGS 12,775.00 18,196.00 Current portion long-term 4,957.00 5,018.00 debt Depreciation expense 2,500 2,754.00 Interest expense 733 417 Inventories 4,101.00 4,775.00 Long-term debt 14,725.00 14,635.00 Net fixed assets 50,550.00 54,207.00 Notes payable 4,377.00 9,925.00 Operating expenses (excl. 13,977 18,172 depr.) Retained earnings 28,729.00 29,950.00 Sales 35,119 47,942.00 Тахes 2,084 2,775 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: Infinity
#9 O Item Prior year Current year Accounts payable 8,113.00 7,909.00 Accounts receivable 6,029.00 6,555.00 Accruals 999.00 1,352.00 Cash ??? ??? Common Stock 11,096.00 12,144.00 COGS 12,698.00 18,074.00 Current portion long-term 4,971.00 4,959.00 debt Depreciation expense 2,500 2,836.00 Interest expense 733 417 Inventories 4,232.00 4,816.00 Long-term debt 14,899.00 14,036.00 Net fixed assets 50,114.00 54,819.00 Notes payable 4,323.00 9,810.00 Operating expenses (excl. 13,977 18,172 depr.) Retained earnings 28,849.00 29,434.00 Sales 35,119 46,806.00 Таxes 2,084 2,775 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: Infinity
10 The following account balances were listed on the trial balance of Edgar Company at the end of the period: Account Balance Accounts Payable $ 31,200 Cash 49,500 Common Stock 33,000 Equipment 15,000 Land 46,500 Notes Payable 61,500 The company’s trial balance is not in balance and the company’s accountant has determined that the error is in the cash account. What is the correct balance in the cash account? Multiple Choice $2,700. $63,300. $33,000. $64,200.
P6
s/ui/v2/assessment-player 80 F3 $ OCT 26 4 Q F4 Question 1 of 1 The statement from Jackson County Bank on December 31 showed a balance of $26,662. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2 3. Your answer is incorrect. 4 The bank collected a note receivable of $2,500 for Sheffield Corp. on December 15 through electronic funds transfer. The December 31 receipts were deposited in a night deposit vault on December 31. These depasits were recorded by the bankid January Checks outstanding on December 31 totaled $1.200. On December 31, the bank statement showed an NSF charge of $630 for a check received by the company from L. Bryan, a customer on account Prepare a bank reconciliation as of December 31 based on the available information. (Hint: The cash balance per books is $26,292. This can be proved by finding the balance in the Cash account from parts (a) and (b)) (List items that increase cash balance first Reconcile cash balance per bank…
marks Window Help Wed Apr 28 9:37 PM edugen.wileyplus.com Return to Blackboard eygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College elp | System Announcements CALCULATOR PRINTER VERSION « BACK NEXT cise 194 a-b Water Kayak Company's bank statement for the month of September showed a balance per bank of $6,900. The company's Cash account in the general ledger had a balance 573 at September 30. Other information is as follows: Cash receipts for September 30 recorded on the company's books were $5,850 but this amount does not appear on the bank statement. The bank statement shows a debit memorandum for $25 for check printing charges. Check No. 119 payable to Blacque Company was recorded in the cash payments journal and cleared the bank for $236. A review of the accounts payable subsidiary ledger shows a $27 credit balance in the account of Blacque Company and that the payment to them should have been for $263. The total amount of checks still…
3
1/1 1/1 12/31 Required information [The following information applies to the questions displayed below.] Required a. Organize the transaction data in accounts under the accounting equation for Year 2 and Year 3. Note: Enter any decreases to account balances with a minus sign. Not all cells in the "Account Titles for Retained Earnings" column may require an input - leave cells blank if there is no corresponding input needed. Doyle Company issued $300,000 of 10-year, 5 percent bonds on January 1, Year 2. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $52,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. Event Year 2 1/1 1/1 12/31 12/31 Balance Required information Event Year 2 Year 3 Beginning balance Cash 12/31 12/31 Ending balance Assets 300,000 + (300,000) + 51,000 + Cash + Assets IMPLE.…
#8 O Item Prior year Current year Accounts payable 8,100.00 7,786.00 Accounts receivable 6,081.00 6,685.00 Accruals 1,000.00 1,553.00 Cash ??? ??? Common Stock 10,998.00 11,247.00 COGS 12,678.00 18,011.00 Current portion long-term 4,928.00 4,981.00 debt Depreciation expense 2,500 2,774.00 Interest expense 733 417 Inventories 4,250.00 4,824.00 Long-term debt 13,238.00 13,578.00 Net fixed assets 51,887.00 54,423.00 Notes payable 4,300.00 9,879.00 Operating expenses (excl. 13,977 depr.) 18,172 Retained earnings 28,209.00 29,224.00 Sales 35,119 45,333.00 Taxes 2,084 2,775 What is the firm's cash flow from financing? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: Infinity
Current Attempt in Progress Kingbird, Inc's trial balance at the end of its first month of operations reported the following accounts and amounts with normal balances: Cash Prepaid insurance Accounts receivable Accounts payable Notes payable Common stock Dividends Revenues Expenses $18240 O $35910 O $37050 O $36480 O $37620 570 2850 2280 3420 5700 570 25080 14250 Total credits on Kingbird, Inc's trial balance are
EX 9-5 Entries to write off accounts receivable OBJ. 3, 4 Creative Solutions Company, a computer consulting firm, has decided to write off the $11,750 balance of an account owed by a customer, Wil Treadwell. Journalize the entry to record the write off, assuming that (a) the dlirect write-off method is used and (b the allowance rmethod is used.
QUESTION 11 Chart of Accounts 11 Cash 12 Accounts Receivable 14 Computer Supplies 18 Equipment 21 Accounts Payable 23 Notes Payable 31 O. Myer, Capital 32 O. Myer, Drawing 41 Fees Earned 51 Wages Expense 52 Rent Expense Journalize the following transaction: July 31 Recorded owner's withdrawal of $1,000 hint: you may not need to fill in every box GENERAL JOURNAL Page 1 Date Description Post Debit Credit