Get the balances of the T-accounts then prepare the 6 column worksheet. Bebang Inc is the company name and year 2020 Withholding Tax Payable 203(15)(31)SSS & Medicare Payable 204(31)150.00375.00150.00Patrick, Capital 300(2)Patrick, Drawing 30150073,500.00(25)Purchases 40012,000.005,000.006,000.003,000.003,000.00Purchase Returns & Allow. 400-1(2)(8)(8)(11)(19)(25)(10)(13)500.00500.00300.00Freight in 400-3500.00Purchase Discounts 400-2(18)100.00(21)Salary Expense 4027,500.007,500.00Taxes and Licenses 403(15)(31)(3)500.00Rent Expense 4047,500.00Interest Expense 49962.50(4)(7)Sales 500Sales Returms & Allow. 500-1200.002,000.007,500.002,570.006,400.002,500.003,000.00(12)(13)(7)(9)(14)(16)(17)(17)(31)120.007,500.00Sales Discounts 500-2Interest Income 599(17)96.00(22)6.67同 Cash 10155,000.004,937.50500.00(9)(17)(17)5,000.002,500.003,000.00Accounts Receivable 103(12)(17)(27)200.004,800.003,000.00500,00(2)(7)(9)(12)(13)(14)(16)(17)(22)(3)(4)(8)(10)(11)(12)(14)(15)(18)(18)(19)(21)(23)(26)(31)(31)7,500.001,000.00855.003,000.004,900.00500.007,350.00120.00200.00300.002,570.006,400.004,704.002,006.673,000.002,000.007,500.00Advances to Employees 105(31)Bal(26)500.00200.004,400.00600.00500.005,500.00500.00(29)(31)Supplies 107855.00(10)(12)200.005,000.006,775.00Notes Receivable 1042,000.00(22)2,000.00(29)Fumiture & Fixtures 120(7)(6).2,000.002,000.00(2)7,500.00(5)Office Equipment 1305,000.00(12)100.00Store Equipment 1315,000.00(20)Accounts Payable 200(2)(5)(8)(8)(19)(20)Notes Payable 2015,500.00(8)(10)(12)(13)(14)(18)(31)1,000.001,000.005,000.005,000.006,000.001,400.005,000.005,000.005,500.001,000.00(23)(7)(13)(19)500.005,000.005,500.00500.004,500.005,000.00

T- Accounts Balance: Accounts Title Debit Credit Withholding tax payable 300 Patrick,…

Withholding Tax Payable 203 (15) (31) 150.00 150.00 SSS &Medicare Payable 204 (31) 375.00 Patrick, Capital 300 (2) Patrick, Drawing 301 500 73,500.00 (25) Purchases 400 12,000.00 5,000.00 6,000.00 3,000.00 3,000.00 Purchase Returns &Allow. 400-1 (2) (25) 500.00 500.00 (10) (13) 300.00 (8) (11) (19) Purchase Discounts 400-2 (18) Freight in 400-3 500.00 100.00 (21) (15) (31) Salary Expense 402 7,500.00 7,500.00 Taxes and Licenses 403 500.00 (3) Rent Expense 404· 7,500.00 Interest Expense 499 62.50 (4) (7) Sales Returns & Allow. 500-1 200.00 120.00 Sales 500 (12) (13) (7) (9) (14) (16) (17) (17) (31) 2,000.00 7,500.00 2,570.00 6,400.00 2,500.00 3,000.00 7,500.00 Sales Discounts 500-2 Interest Income 599 (17) 96.00 (22) 6.67

Withholding Tax Payable 203 (15) (31) 150.00 150.00 SSS &Medicare Payable 204 (31) 375.00 Patrick, Capital 300 (2) Patrick, Drawing 301 500 73,500.00 (25) Purchases 400 12,000.00 5,000.00 6,000.00 3,000.00 3,000.00 Purchase Returns &Allow. 400-1 (2) (25) 500.00 500.00 (10) (13) 300.00 (8) (11) (19) Purchase Discounts 400-2 (18) Freight in 400-3 500.00 100.00 (21) (15) (31) Salary Expense 402 7,500.00 7,500.00 Taxes and Licenses 403 500.00 (3) Rent Expense 404· 7,500.00 Interest Expense 499 62.50 (4) (7) Sales Returns & Allow. 500-1 200.00 120.00 Sales 500 (12) (13) (7) (9) (14) (16) (17) (17) (31) 2,000.00 7,500.00 2,570.00 6,400.00 2,500.00 3,000.00 7,500.00 Sales Discounts 500-2 Interest Income 599 (17) 96.00 (22) 6.67

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The completed financial statement columns of the spreadsheet for Oriole Company are shown as follows: The completed financial statement columns of the worksheet for Oriole Company are shown as follows: Oriole Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account Account Titles Dr. Cr. Dr. Cr. No. 101 Cash 9,100 112 Accounts Receivable 11,000 130 Prepaid Insurance 2,800 157 Equipment 24,300 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,200 212 Salaries and Wages Payable 2,500 301 Owner's Capital 19,500 306 Owner's Drawings 11,000 400 Service Revenue 60,500 622 Maintenance and Repairs Expense 1,700 711 Depreciation Expense 2,900 722 Insurance Expense 2,000 726 Salaries and Wages Expense 29,900 732 Utilities Expense 1,500 Totals 38,000 60,500 58,200 35,700 22,500 22,500 Net Income 60,500 60,500 58,200 58,200
make a proper Chart of Accounts for ABC Company: Accounts Payable, Accounts Receivable, Advertising Expense, Cash, C.C. Capital, C.C. Drawing, Equipment, Inventory, Prepaid Insurance, Rent Expense, Sales, Supplies, Utilities Expense. We will work on this in class. Upload here if you don't finish in clas
A manager at Thocc, a business retailing and servicing custom keyboards, needs help with interpreting some of the accounting transactions that took place during the month of January 2022. The manager has provided you with a list of those transactions below. Required: Underneath each transaction in the space provided, write a brief narration describing the economic event that corresponds to that transaction. Date Account titles (Details) Dr ($) Cr ($) 2/1/2022 Cash 3,000 Accounts Receivable 2,500 GST Collected 500 Service Revenue 5,000 Answer here: 15/1/2022 Inventory 10,000 GST Paid 1,000 Accounts Payable 5,500 Cash 5,500 Answer here: 30/1/2022 Accounts Payable 15,000 Bank Loan 15,000 Answer here: 31/1/2022 Rent Expense 2,000 Prepaid…
A manager at Thess, a business retailing and servicing custom keyboards, needs help with interpreting some of the accounting transactions that took place during the month of January 2022. The manager has provided you with a list of those transactions below. Required: Underneath each transaction in the space proyided, write a brief narration describing the economic event that corresponds to that transaction. Date Account titles (Details) Dr ($) Cr ($) 2/1/2022 Cash 3,000 Accounts Receivable 2,500 GST Collected 500 Service Revenue 5,000 Answer here: 15/1/2022 Inventory 10,000 GST Paid 1,000 Accounts Payable 5,500 Cash 5,500 Answer here: 30/1/2022 Accounts Payable 15,000 Bank Loan 15,000 Answer here: 31/1/2022 Rent Expense 2,000 Prepaid Rent 2,000 Answer here: 31/1/2022 Unearned Revenue 10,000 Service Revenue 10,000 Answer here:
Hespeler services financial accounting information for the year ending October 2019 is presented below , assume all accounts have a normal balance
A. Prepare the following for the year ended 31 December 2020 i. Statement of affairs as at january 1 2020 ii. Bank account iii.accounts payable and accounts receivable accounts iv. Income statement V.balance sheet
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
From the accounts of DELTACOR Company, you are required to properly arrange the following accounts according to their group of accounts then: 1. Prepare the statement of financial position using the report form. 2. Prepare the supporting notes 3. Compute the ending capital of DELTA Office supplies Accounts Receivable Notes Receivable 30, 000 59,400 39,600 172,600 5,000 5, 000 247,500 6, 000 180, 000 225, 000 67, 500 72, 000 Cash Interest Receivable Allowance for bad debts Merchandise inventory Prepaid insurance Furniture and Fixtures Delivery equipment Accumulated depreciation- Fur. & Fixtures Accumulated Depreciation – Delivery Eqpt. Accrued expenses Accounts payable Notes payable (due in 2 yrs) DELTA, capital DELTA, drawing 8, 000 45, 000 105, 000 ? 50, 000 During the year, the owner made an additional investment of P20, 000 and withdrawals amounting of 50, 000. DELTA capital, beginning is 617, 600. Net income for the year is 75, 000.
edugen.wileyplus.com Return to Blackboard US Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION BACK Exercise 7-05 a-d (Part Level Submission) Sandhill Company has a balance in its Accounts Payable control account of $8,180 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,660; Janish Company, balance $1,860; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,340 $5,890 $ 0 Janish Company 4,950 1,860 3,150 Valdez Company 6,065 6,000 (a) Collapse question part What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ Click if you would like to Show Work for this question: Open Show Work SUB SAVE FOR LATER Attempts: 0 of 4 used
Complete the General Ledger based on the recorded journal entries. Remember to: write the date, explanation, and fill out the value in the corresponding DR or CR column. Your explanation should only contain the other account names as per your journal entries, separated by a "/" where necessary.
In the columns Below insert the entry that would be made for each transaction under each accounting basis use an appropriate debit and credit account titles
Kindly prepare the Worksheet for this. thank yoouu!!