1. LO 4.4 Prepare an adjusted trial balance from the following account information, and also considering the adjustment data provided (assume accounts have normal balances). $ 18,000 4,000 88,000 19,000 30,000 16,000 20,000 8,000 26,000 55,000 37,000 115,000 Accounts payable Accounts receivable Investments Cash Common stock Dividends Prepaid insurance Insurance expense Land Notes payable (long term) Salaries expense Sales revenue Adjustments needed: Accrued interest revenue on investments at period end, $2,200 Insurance still unexpired at end of the period, $12,000 Solution Adjusted Trial Balance Debit Credit

10. LO 4.3 Prepare journal entries to record the following transactions. Create a T-account for Interest Payable, post any entries that affect the account, and tally the ending balance for the account (assume Interest Payable beginning balance of $2,500). A. March 1, paid interest due on note, $2,500 B. December 31, interest accrued on note payable, $4,250

Please do not give solution in image format ? And Fast Answering Please ? And Explain Proper Step by Step.

Prepare a classified balance sheet in proper form.

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Account Titles Debit CreditCash $ 7Accounts Receivable 3Supplies 3Equipment 9Accumulated Depreciation $ 2Software 6Accumulated Amortization 2Accounts Payable 4Notes Payable (short-term) 0Salaries and Wages Payable 0Interest Payable 0Income Taxes Payable 0Deferred Revenue 0Common Stock 15Retained Earnings 5Service Revenue 0Depreciation Expense 0Amortization Expense 0Salaries and Wages Expense 0Supplies Expense 0Interest Expense 0Income Tax Expense 0Totals $ 28 $ 28Transactions during 2018 (summarized in thousands of dollars) follow:Borrowed $25 cash on July 1, 2018, signing a six-month note payable.Purchased equipment for $28 cash on July 2, 2018.Issued additional shares of common stock for $5 on July 3.Purchased software on July 4, $3 cash.Purchased supplies on July 5 on account for future use, $7.Recorded revenues on December 6 of $58, including $8 on credit and $50 received in…

Indicate whether a debit or credit decreases the normal balance of each of the following accounts. Decrease Normal Balance a. Prepaid Rent b. Cash c. Office Supplies d. Notes Receivable e. Accounts Receivable f. Interest Payable

PA1. LO 5.1 Identify whether each of the following accounts would be considered a permanent account (yes/no) and which financial statement it would be reported on (Balance Sheet, Income Statement, or Retained Earnings Statement). A. Accumulated Depreciation B. Buildings C. Depreciation Expense D. Equipment E. Fees Earned Revenue F. Insurance Expense G. Prepaid Insurance H. Supplies Expense I. Dividends DA2 L 051 The following gole 009Qunta ond nermel bolongog oviatod ot voor nd Molke the f ur iournel

What is the term that refers to balance sheet accounts because they are relatively permanent and carried forward from year to year? Group of answer choices revenue accounts temporary (nominal) accounts fixed accounts real accounts