Use the data to set up a Trial Balance and answer the 5 questions. $30,000 20,000 1. Total credit amount 2,000 2. Building/Equipment $ 3. Net income 8,000 $ 4. Ending retained earnings $ 5. Total Assets $ Cash Accounts receivable Supplies Prepaid rentN Building & Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense ? 10,000 15,000 3,000 25,000 250,000 300,000 350,000 10,000 800,000 500,000 10,000 12,000 9,000 22,000 130,000

Use the data to set up a Trial Balance and answer the 5 questions. $30,000 20,000 1. Total credit amount 2,000 2. Building/Equipment $ 3. Net income 8,000 $ 4. Ending retained earnings $ 5. Total Assets $ Cash Accounts receivable Supplies Prepaid rentN Building & Equipment Accounts payable Salaries payable Interest payable Deferred revenue Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Interest expense Supplies expense Utilities expense Advertising expense ? 10,000 15,000 3,000 25,000 250,000 300,000 350,000 10,000 800,000 500,000 10,000 12,000 9,000 22,000 130,000

Name: need help for all questions with all work thanks Use the data to set
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: need help for all questions with all work thanks Use the data to set up a Trial Balance and answer the 5 questions.$30,00020,0002,0008,000?10,00015,0003,000CashAccounts receivableSuppliesPrepaid rentBuilding & EquipmentAccounts payableSalaries payab

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.4C

See similar textbooks

Similar questions

Account for accountspayable and analyzeaccounts payableturnover
When using the Spreadsheet (work sheet) method to analyze noncash accounts, it is best to start with Group of answer choices cash net income retained earnings revenue
Use the list of concepts given to match the description of the concept to the concept.
The income statement is drawn up from the figures in the _________________ Select one: a. Accounts Receivable ledger b. Accounts payable ledger c. Trial Balance d. Cash Flow Statement
Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC. SuppliesD. Service Revenue
You have established your performance materiality for accounts payable and revenue; now you must determine the posting materiality for individual items. The materiality judgement is at 4%. What is the posting materiality? Show your work. Your work should look like: APPROPRIATE AMOUNT x MATERIALITY JUDGEMENT = POSTING MATERIALITY
Expalin the meaning of the following terms by providing examples in each case: 1.1. Time value of money 1.2. Single amount 1.3. Mixed stream 1.4. Annuities
8. The ownerwithdrawscash forpersonalused.9. Thecompanypurchasesland by paying halfin cash andsigning anote.10. Thecompanypays thesupplier fortheirpurchaseslast month.
Please help me. Thankyou.
‏Find out the missing value assets in an accounting equation if liabilities is OMR 320000 and capital is OMR 119000 Select one : O a . OMR 439000 assets O b . OMR 201000 assets O c . OMR 349000 assets O d . OMR 102000 assets Clear my choice
A knowledgeable investor tries to asses -earnings quality -accounts receivable a -accounts payable -all of the above
What are revenues that have been earned but not recorded in the accounts called? Group of answer choices cost revenues matching revenues accrued revenues cash revenues