What I Have LearnedDirectionn: repare the trial balance of Mabait Computer Rnpains. The normalBocount balance ns of Aptil 30, 2017 is glven. Write your answers on aocparste sheet of paper.501 Salaries ExpenseIDI Cash102 Acunts RecelvableN,000.01810DC15,000401 Service Revenue301 Mabait, Capital502 Supplics Expense193 Eqipenent201 Accounts Payable25,000200.0005,00025,0005.000What I Can DoDirectiona: Prepare the trial balance of Juan Maslpag Reurultment Agency,The normal acceunt balance as of December 31. 2019 ia given. Write youranwers on a separate sheet of paper.502 Strpplies Experise202 Notes Payable102 Accounta Receivable504 Utilitien Expense15.000P1a5,00028,50030,000302 Masipag, Withdrawals503 Rent Expense18,00015,000375.00075,00021,00087,000103 Bullding50) Salaries Expense10i Cash104 Land258,00026,4009,600254,700401 Service Revenues201 Accotinta Payable505 Insurance Expente301 Masipng, Capital11

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Prepare the trial balance of Mabait Computer Repains. The normal nocount balance ns of Aptil 30, 2017 is glven. Write your answere on a ocparnte sheet of paper. N,000.0 181 000 15,000 502 Salarics Expenre I01 Cash 102 Aiounts Receivable 401 Service Revenue 301 Mabait, Capital 502 Supplies Expense 103 Equipenent 201 Accounts Payable 25,000 200,000 5,000 25,000 5.000

Prepare the trial balance of Mabait Computer Repains. The normal nocount balance ns of Aptil 30, 2017 is glven. Write your answere on a ocparnte sheet of paper. N,000.0 181 000 15,000 502 Salarics Expenre I01 Cash 102 Aiounts Receivable 401 Service Revenue 301 Mabait, Capital 502 Supplies Expense 103 Equipenent 201 Accounts Payable 25,000 200,000 5,000 25,000 5.000

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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Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Debits Credits $25,500 16,300 13,800 157,000 $7,600 6,700 Deferred Revenue Common Stock Retained Earnings Totals 152,000 46,300 $212,600 $212,600 The following is a summary of the transactions for the year. storage services for cash, $143,100, and on account, $56,700. on accounts receivable, 1. January 9 2. February 12 Provide Collect $52,400. 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 Receive cash in advance from customers, $13,800. Purchase supplies on account, $11,000. Pay property taxes, $9,409. Pay on accounts payable, $12,300. Pay salaries, $132,600. Issue shares of Common stock in dividends to exchange for $36,000 cash. 9. December 30 Pay $3,700 cash stockholders. 8-a. Prepare the income…
The answer I was given was 3,836 which was incorrect. Could you please recalculate. Thank you.
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On November 1, 2022, the account balances of Blue Spruce Corp. were as follows. No. Debits No. Credits 101 Cash $2,880 154 Accumulated Depreciation-Equipment $2,400 112 Accounts Receivable 5,100 201 Accounts Payable 3,120 126 Supplies 2,160 209 Unearned Service Revenue 1,440 153 Equipment 14,400 212 Salaries and Wages Payable 840 311 Common Stock 12,000 320 Retained Earnings 4,740 $24,540 $24,540 During November, the following summary transactions were completed. Nov. 8 Paid $2,040 for salaries due employees, of which $840 is for October salarles. 10 Received $4.096 cash from customers on account. 12 Received $3,720 cash for services performed in November. 15 Purchased equipment on account $2,400. 17 Purchased supplies on account $840. 20 Paid creditors on account $3,240. 22 Paid November rent $480. 25 Paid salaries $2,040. 27 Performed services on account and billed customers $2,280 for these services. 29 Recelved $720 from customers for future service.
23. Prepare closing entries rom the following end-of period spreadsheet. Austin Entergrises Fadof Peried Spreadsheet For the Year Eaded December JI Adnted Trial Balance Credit Income Statement Debt Balance Sheet Deb 26.500 7000 Account Titie Crede Debit Crede 26,500 7,000 1,000 18300 Cash Accounts Receivable Supplies Equipment Accumalated Depr 18.500 5.000 5.000 Accoures Payabie Wages Payable Common Stock Retained arnings Dividends Eees Earmed Wages Eapense Rest Esgeme Depreciation Eapense Toals Net omeLo) 11,000 100 6.000 2.000 1000 1,000 6.000 2.000 2.000 2,000 59.500 59.500 19,000 7.000 3.00 19000 7000 3.300 .500 .500 29,500 20.0 59.500 5.000 25,000 20.000
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! Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits $25,400 Credits 16,200 13,600 156,000 $7,500 6,600 151,000 46,100 Totals $211,200 $211,200 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $142,100, and on account, $56,200. Collect on accounts receivable, $52,300. Receive cash in advance from customers, $13,700. Purchase supplies on account, $10,800. Pay property taxes, $9,300. Pay on accounts payable, $12,200. Pay salaries, $131,600. Issue shares of common stock in exchange for $35,000 cash. Pay $3,600 cash dividends to stockholders. 1. 3. 6. & 10. Post the…
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MUMassD Logor X E Quicklaunch - x K. myCourses Da: X Se Univ of Mass - X Ceng g In | Federa x ducation.com Saved mework View transaction list Journal entry worksheet 1 3 4 8 9 10 Provided $57,971 in service to customers during the year, with $21,658 on account and the rest received in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 0 日 search
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