x Student Portal WileyPLUS en.wileyplus.com/edugen/Iti/main.uni US Kieso, Intermediate Accounting, 17e Help | System Announcements Time: 09:19 PM/ Remaining: 37 min. Question 19 The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 Accounts Receivable 2,100 Supplies 1,800 Equipment 17,100 Accumulated Depreciation-Equipment $4,275 3,650 6,875 Accounts Payable Unearned Service Revenue Common Stock 10,000 Retained Earnings 4,450 Dividends 3,000 Service Revenue 4,400 Supplies Expense 750 Depreciation Expense 2,500 Rent Expense 2,950 $33,650 $35,650 Study Using the information from the adjusted trial balance, you are to prepare for the 1. An income statement. (Enter negative amounts using either a negative s SUNLAND FINANCIAL PLANNERS Income Statement re to search 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement 3. A balance sheet. (List Assets in order of liquidity.) SUNLAND FINANCIAL PLANNERS Balance SyIeet dy Assets %24 %24 %24

x Student Portal WileyPLUS en.wileyplus.com/edugen/Iti/main.uni US Kieso, Intermediate Accounting, 17e Help | System Announcements Time: 09:19 PM/ Remaining: 37 min. Question 19 The adjusted trial balance of Sunland Financial Planners appears below. SUNLAND FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash $3,450 Accounts Receivable 2,100 Supplies 1,800 Equipment 17,100 Accumulated Depreciation-Equipment $4,275 3,650 6,875 Accounts Payable Unearned Service Revenue Common Stock 10,000 Retained Earnings 4,450 Dividends 3,000 Service Revenue 4,400 Supplies Expense 750 Depreciation Expense 2,500 Rent Expense 2,950 $33,650 $35,650 Study Using the information from the adjusted trial balance, you are to prepare for the 1. An income statement. (Enter negative amounts using either a negative s SUNLAND FINANCIAL PLANNERS Income Statement re to search 2. A retained earnings statement. SUNLAND FINANCIAL PLANNERS Retained Earnings Statement 3. A balance sheet. (List Assets in order of liquidity.) SUNLAND FINANCIAL PLANNERS Balance SyIeet dy Assets %24 %24 %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Th fallowing is is tue Trial balance Janmieson as on. 31 octoher 2020. You ore to draw Up on wtea te balance sheet. Debit 16,950 Credit. purcho Sales wchases 23,240 Stouk in hand 31october 2019 4,135 pustages and Motor expenses Salaries Sundry Expenses Rent telophone 228 399 4,364 83. '390 Rates 155 Debtors Oreditors Premises Mtor Vehicles fixture and Fittings Bank Overdraf t Drawings Capital 4,698 3,174 10,000 2,350 1120 1,458 3,850 20,850 48,722 48,722 St Notes as at 31 October 2020 (4) Stock on hand was 2,859 (2) Expense Owing (3) : Sundry expenses 22, motur Expenses 58 3 Expenses prepird : Rates 23, Telephone 11 (4) 1gnore tue dep . nore the reciation of Fixed Asset Balance shee t hendwritting please use goud lease Use prepare e for easy Follow, NB-
O Mail - Edjouline X E Content - ACG2 X * CengageNOW. X O (58) YouTube * from Towards a X m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro. Q < ☆ STIOW Me TOW Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $410,000; Allowance for Doubtful Accounts has a credit balance of $3,500; and sales for the year total $1,850,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Check My Work Previous Next V O 11:51
rd / My courses/ BAMA1101 / Worksheets Home PraiWotkst äö pio Moving Forward An invoice for OMR 600 dated March 10th with the terms 5/15 EOM is recerved. The bill is paid on April Sth. Find the net payment. ut of Select one: O a. 570 O b. 30 Oc 510 O d. 90 Clear my choice inus nane Type here to search
My Monroe Z View Assessment > Bb Collaborate - 20FL-LA122-18 x M Daily Notifications - rblack8930 x 命 A https://elearn.monroecollege.edu/ultra/courses/ 40124 1/grades/assessment/_2440908 1/overview/attempt/ The following is Green Co.'s Pre-Closing Trial Balance as of December 31, 2017. Green's accounting period is a month, the month of December 2017. (Note that the accounts are not thus the balances in the temporary accounts are for listed in their normal sequence -- rather they are listed in alphabetical sequence.) Account Name _Debit_ Credit_ Gradin Accounts Payable 26,000 Accounts Receivable 28,850 Cash 10,000 Common Stock 12,500 Cost of Goods Sold 68,000 Equipment 73,000 150 Interest Expense Interest Payable 500 Inventory 45,000 Note Payable 21,000 Retained Earnings 53,000 Sales Revenue 179,000 Supplies Expense 7,000 Wages Expense 60,000 Total 292,000 292,000 Place the accounts in the correct order. Use the editor to formor your onswer A Past due This attempt will be submitted…
General Accounting I 2020-2021 Fall Term Final Exam (page 18 of 25)-Google Chrome a.tr/mod/quiz/attempt.php?attempt=361811&cmid=180187&page=17 MSKÜ-LMS 1807 ŞB: 1 ÖRGÜN General Accounting I İktisadi ve Idari Bilimler Fakültesi İktisa 8 A credit sale of $3,600 is made on July 15, terms 2/10, n/30, on which a return of $200 is granted on July 18. What amount is received as payment in full on July 247 Tanmadi O a. $3.332 izerinden tlenmiş O b. $3,600 oruyu etle OC $3.528 O d. $3,400 Önceki sayfa
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ments ETC - CIMS Business Mathematics board / My courses / BAMA1101 / Worksheets /Home Praeho Moving Forward tion 7 An invoice of OMR 1200 with the terms 4/10. n/30 ROG is dated on April Sth. Goods are received on April 20th. The bill is paid on May 1st. Calculate the net payment amount by the customer. wer saved ked out of Select one: Flay question O a 1152 O b. 1180 Oc. 48 O d. 1200 Clear my choice inus nanA
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10:04 Assignment Details ATG-110-20A01: Financial Accounting (Session II Summer 2021) 7474 unread replies.7575 replies. Please read and respond to TIF 12-2 on page 623. Review the rubric to ensure you receive full points for this discussion. Discussion Rubric- 25 points(1)_(3).docx *After you have posted your answers, please reply to three other students' posts. This discussion board was set up so that you will not be able to see others replies until you post your own. Search entries or author Filter replies by unreadUnread Collapse replies TIF 12-2 Issuing Stock 1. ETHICS Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley believe…
Sample Worksheet Work Sheet For the Month Ended January 31, 2020 Trial Balance Adjustments Adj. T/Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. 13,200 22,000 5,400 29,250 22,000 5,400 Cash 20,000 b-h 3,950 29,250 22,000 a CD'S Other Securities 5,400 Loan Payable Owner' Equity 25,000 15,600 b 25,000 15,100 25,000 15,100 500 Revenue a 20,000 20,000 20,000 Interest Income Utilities expense Internet & Telephone Advertising Expense C 300 300 300 150 150 150 e 300 300 300 Rent Expense f 2,000 2,000 2,000 Supplies expense 450 450 450 Insurance expense 250 250 250 40,100 16,550 56,650 40,600 23,950 60,100 3,450 16,550 20,000 40,600 23,950 60,100 20,000 56,650 Net income 20,000 56,650 1. Cash is overstate by 500.00 and Owners Equity is overstated by $500.00. 2. Utilities Expense of $300.00 was paid on January 25. 3. Insurance expense of $250.00 was paid on January 27. 4. supplies for the month in the amount of $450.00 was purchased. 5. Rent for…