Use the following account balances from the adjusted trial balance of Flora Wholesalers: Account Debit Balance Credit Balance Cash $ 4,200 Accounts receivable $ 300 Accounts payable $ 1,100 H. Jones, Capital $ 4,400 H. Jones, Drawing $ 900 Fees revenue $ 13,200 Advertising expense $ 8,100 Travel expense $ 4,200 Shipping expense $ 300 Computer software expense $ 400 What is the balance of the H. Jones, Capital account at year-end for Flora Wholesalers? Multiple Choice $3,500 $3,700 $4,400 $4,600

Use the following account balances from the adjusted trial balance of Flora Wholesalers: Account Debit Balance Credit Balance Cash $ 4,200 Accounts receivable $ 300 Accounts payable $ 1,100 H. Jones, Capital $ 4,400 H. Jones, Drawing $ 900 Fees revenue $ 13,200 Advertising expense $ 8,100 Travel expense $ 4,200 Shipping expense $ 300 Computer software expense $ 400 What is the balance of the H. Jones, Capital account at year-end for Flora Wholesalers? Multiple Choice $3,500 $3,700 $4,400 $4,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Account	Debit Balance	Credit Balance
Cash	$ 4,200
Accounts receivable	$ 300
Accounts payable		$ 1,100
H. Jones, Capital		$ 4,400
H. Jones, Drawing	$ 900
Fees revenue		$ 13,200
Advertising expense	$ 8,100
Travel expense	$ 4,200
Shipping expense	$ 300
Computer software expense	$ 400

Similar questions

Question 6: What is the earnings threshold over which an employee whose filing status is Married Filing Separately will be subject to the additional Medicare tax? Answer: А. O $117,000 В. O $125,000 С. O S200,000 D. O $250,000
B. Begin again. On August 4, the balance on your card is $1000. Now, see what happens when you make a payment of $900 on September 2. Fill in the chart below. Days at Balance a. Effective Date C. What is the ADB? Activity b. Find the interest you will owe for the billing period, assuming her interest rate is 24.99%. Balance What will be the total balance on September 4? II. Now, based on your findings above, is it better to may a payment at the beginning or end of the billing period? Explain, don't just say beginning or end. 4
Please read the questions carefully the First question is asking for journal entry.
Use the unpaid balance method to find the finance charge on the credit card account for April. The starting balance from the previous month is $200. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 18% on the account and that the billing date is April 1st. ..... Date Transaction April 3 Charged $125 for a coat April 11 Made payment of $142 April 21 Charged $34 for DVDs April 28 Charged $25 for groceries The finance charge for the month of April is $enter your response here.
The activity on Denise Hellings' Sears account for one billing period is shown below. Find the average daily balance and the finance charge if the billing period is March 1 through March 31, the previous balance was $152.72, and the annual simple interest rate is 21%. (Round your answers to the nearest cent.) March 5 payment $20.00 March 17 tools $35.43 average daily balance $ finance charge $
Use the Adjusted Trial Balance Lion Consulting. (Note: I am including the Adjusted Trial Balance below in this question to use for questions 18-23 and 40-46, but it would be easier if you refer to the separate file I provided.)On the Income Statement, what would the Gross Profit be for Lion Consulting? Lion Consulting Adjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cash 92,000 Accounts Receivable 450,000 Merchandise Inventory 370,000 Estimated Returns Inventory 5,000 Office Supplies 10,000 Prepaid Insurance 12,000 Office Equipment 220,000 Accumulated Depreciation - Office Equip. 58,000 Store Equipment 650,000 Accumulated Depreciation - Store Equip. 87,500 Accounts Payable 38,500 Customer Refunds Payable 10,000 Salaries Payable 4,000 Note Payable (final payment due 2029)* *140,000 M.T.…
What's the journal entry for sold services for $41,400 in cash and $4,600 on credit?
Record the following transactions for the Scott Company: Transactions: Nov. 4 Received a $6,500, 90-day, 6% note from Tim’s Co. in payment of the account. Dec. 31 Accrued interest on the Tim’s Co. note. Feb. 2 Received the amount due from Tim’s Co. on the note. Required: Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. Assume a 360-day year when calculating interest. CHART OF ACCOUNTS Scott Company General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable-Batson Co. 122 Accounts Receivable-Bynum Co. 123 Accounts Receivable-Calahan Inc. 124 Accounts Receivable-Dodger Co. 125 Accounts Receivable-Fronk Co. 126 Accounts Receivable-Miracle Chemical 127 Accounts Receivable-Solo Co. 128 Accounts Receivable-Tim’s Co. 129 Allowance for Doubtful Accounts 131 Interest Receivable 132 Notes Receivable-Tim’s Co. 141…
If Abby INC sells items to a customer who uses a credit card for $1100 and there is a credit card fee of 1.5% Abby will record an : ______ Round your final answer to the nearest dollar A. DEBIT TO ACCOUNT RECIEABLE FOR $1083 B. Credit to sales revenue for $1083 C. debit to sales expense for $17 D. Debit to credit card discount expense for $17