Problem 3-8B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Copper Plumbing at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals 3. May 6 4. June 30 Debits 5. September 15 6. November 24. 7. December 30 $3,700 8,700 2,700 20,000 The following is a summary of the transactions for the year: 1. January 24 2. March 13 $35, 100 Credits $4,800 2,800 3,800 0 15,000 8,700 $35,100 Provide plumbing services for cash, $12,000, and on account, $57,000. Collect on accounts receivable, $45,000. Issue shares of common stock in exchange for $11,000 cash. Pay salaries for the current year, $31,400. Pay utilities of $3,800 from 2023 (prior year). Receive cash in advance from customers, $6,800. Pay $1,400 cash dividends to stockholders.

Problem 3-8B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Copper Plumbing at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals 3. May 6 4. June 30 Debits 5. September 15 6. November 24. 7. December 30 $3,700 8,700 2,700 20,000 The following is a summary of the transactions for the year: 1. January 24 2. March 13 $35, 100 Credits $4,800 2,800 3,800 0 15,000 8,700 $35,100 Provide plumbing services for cash, $12,000, and on account, $57,000. Collect on accounts receivable, $45,000. Issue shares of common stock in exchange for $11,000 cash. Pay salaries for the current year, $31,400. Pay utilities of $3,800 from 2023 (prior year). Receive cash in advance from customers, $6,800. Pay $1,400 cash dividends to stockholders.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 6AP

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On May 2, 20X1, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. The firm's checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 2,000 50 150 22 Check 1212 23 Deposit 150 26 Check 1213 200 28 Check 1214 18 30 Check 1215 15 30 Deposit 200
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27 es The general ledger of Zips Storage at January 1, 2024, Includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totaln Debits $25,300 16,100 13,400 155,000 $7,400 6,500 150,000 45,900 $209,800 $209,800 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, $141,100, and on account, $55,700. Collect on accounts receivable, $52,200. Receive cash in advance from customers, $13,600. Purchase supplies on account, $10,600. Pay property taxes, $9,200. Pay on accounts payable, $12,100. Pay salaries, $130,600. Issue shares of common stock in exchange for $34,000 cash. Pay $3,500 cash dividends to stockholders. Problem 3-9A (Algo) Part 5 5. Record adjusting entries. Insurance expired during the year is $7,700. Supplies…
Subject: acounting
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…
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Journal adjusting entry for Office supplies on hand at 30 Sept is $6,050 incl. GST.
Note: format for ledger is in the photo attached.
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