What are the 5 pairs fromthe list above that needs adjustments? And what amounts are with each adjustment? Pl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questiass #1 iSavedHelpSave & E:ChecRequired information[The following information applies to the questions displayed below.]Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2018, follows, along withinformation about selected accounts.Account NamesDebitCreditFurther InformationCash$31,900As reported on December 31 bank statement.Based on count, only $200 of supplies still exist.Of this amount, $3,000 was received for December lessonsand $500 for January lessons.Employees were paid $1,000 for 10 days of work throughDecember 28. They have not yet been paidi for work onSuppliesDeferred Revenue600$ 3,500Salaries and Wages payableDecember 29 and 30.Income Tax PayableThe company has paid last year'syear's tax.The company has not paid the $100 of interest owed on itsnotes payable for the current period.Thisincometax but not thisInterest PayableNotes Payable (long-term)Common Stock12,000one-year note was taken out this year on December 1.amount was contributed for common stock in prior1,000ThisuP STUTyears.Retained EarningsService Revenue3,00051,500This is the balance reported at the end of last year.Most customers pay cash for lessonsprovided, but some customers pay in advance.Employees worked through December 30, but did not work onDecember 31.eachtime they areSalaries and Wages Expense36,100Supplies ExpenseInterest Expense2,400This is the cost of supplies used through November 30.The company has not paid the $100 of interest owed on itsnotes payable for the current period.The company has an average tax rate of 30%.Income Tax ExpenseTotals$71,000$71,0002 Namn the fiun naire of halancnhoot and incomn statemont accounte that roguirn adiuctmont and indicatn the amount ofPrey1 of 2Next >W29 $71,0002.5points2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount ofadjustment for each pair.eBookPrintReferencesAdj.Balance sheet accountRelated income statement accountAmount(1)SuppliesSupplies Expense$200(2)Deferred Revenue(3)(4)(5)McGrawHillPrev1 of 2Next >EducationJAN29W

Income tax expense expenses in the profit or loss account typically consists of: Current tax Under…

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Accounting

What are the 5 pairs from the list above that needs adjustments? And what amounts are with each adjustment?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 1E: For the university football programs Unearned Season Tickets account, list the debits and credits...

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My first question is...are my general journal entries correct? Second question is...What number would be the warrant revenue for year 1? Please see attachments, Thank you!
A moodle.jamessprunt.edu/mod/quiz/attempt.php?attempt3D473287&cmid%3D605671&page%3D10 CC JSCC Homepage - Tech Support Student Toolbox JSCC Bookstore English (United States) (en_us) - For each account below, indicate the normal balance of the account. Notes Payable (due in 5 years) =21 Choose. tion Advertising Expense Choose., Cash Choose. J. Smith, Capital Choose. Accumulated Depreciation Choose. J. Smith, Drawing Choose. Rent Revenue Choose. Land Choose. Sales Choose. Mortgage Payable Choose. Interest Expense Choose. Merchandise Inventory Choose. Depreciation Expense - Office Building Choose. Accounts Payable Choose. Depreciation Expense - Store Choose. Customer Refunds Payable Choose. Freight Out Choose. Accounts Receivable Choose. Office Supplies Expense Choose. Unearned Rent Choose. : Prepaid Insurance Choose.. Type here to search hp 立

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zto.mheducation.com/ext/map/index.html?_con=con&external_browser Saved Help Save & Exit Required information Use the following information for the Exercises 12-13 below. (Algo) [The following information applies to the questions displayed below.] of 2 Del Gato Clinic's cash account shows an $15,472 debit balance and its bank statement shows $16,254 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $3,069. b. The June 30 bank statement lists a $35 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. d. The June 30 cash receipts of $2,261 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. 3251 ok Exercise 6-13 (Algo) Entries from bank reconciliation LO P3 Prepare any necessary…
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A v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 1 FA2021 - Fina... X CengageNOWv2 | Online teaching and learning reso. 11m O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. еВook Show Me How Note Payable and Accrued Interest Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2024. Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 Cash Notes Payable (Record issuance of note) Feedback 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank. 2023 Dec. 31 Interest Expense Interest Payable (Record accrued interest) Feedback 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current…
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☐mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=7676745&cmid=418253&page=4 N Dashboard N Current Student Inf... N This course N Technology Suppor... NIT Services N MyNMU N MyUser SNMU EduCat BusinessCourse Tab Stockholders' Equity: Transaction Descriptions from Account Data The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.: Paid-in Capital in Excess of Par Land value-Common Stock 33,000 (3) Common Stock, $10 Par 35,000 (2) 60,000 (3) (1) (2) (5) 6,080 Cash 80,600 35,000 4 *800 shares of common stock Date 1 OsLock Preferred Stock, $50 Par 65,000 (1) Esc FnLock 12,800 (4) ! Required 4 Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transac General Journal 1 Paid-in-Capital in Excess of Par Value - Preferred Stock Type here to search (1) A F1 Z Description Return to course @ Paid-in Capital from Treasury…
Before you begin this assignment, review the Tying it All Together feature in the chapter. It will also be helpful if you review TravelCenters of America LLC’s 2075 annual report</i> (https://www.sec.gov/Archives/edgar/data/1378453/000137845316000040/a2015123110k.htm). TravelCenters of America LLC is the largest full-service travel center company in the United States, serving both professional drivers and motorists. Since 2011, the company’s growth strategy has been to acquire additional travel center and convenience center locations. In addition to agreements entered into in 2015, the company acquired 3 travel centers and 170 convenience centers for a total purchase price of $320.3 million. Requirements Using the payback method, suppose TravelCenters of America expect to receive an annual net cash inflow of $32.03 million per year. How many years would it take to pay back the initial investment? What are some disadvantages to using the payback method? Why would a company, such…
I want the post closing trial balance and general journal for debit and credit
Exercise 9-3 On January 1, 2020, Swifty Limited paid $561,003.30 for 10% bonds with a maturity value of $540,000. The bonds provide the bondholders with a 9% yield. They are dated January 1, 2020, and mature on January 1, 2025, with interest receivable on December 31 of each year. Swifty accounts for the bonds using the amortized cost approach, applies ASPE using the effective interest method, and has a December 31 year end. Prepare the journal entry to record the bond purchase. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Jan 1, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g. 52.75.) Schedule of Interest Income and Bond Premium Amortization Effective…