After the accounts have been adjusted at June 30, the end of the fiscal year, the following balances were taken from the ledger of Classic Landscaping Co.: Line Item Description Amount Retained Earnings $1,100,000 Dividends 30,000 Fees Earned 975,000 Wages Expense 580,000 Rent Expense 120,000 Supplies Expense 31,600 Miscellaneous Expense 12,400 Journalize the two entries

Use the following selected accounts and amounts with normal balances from Juan Company’s adjusted trial balance to prepare its classified balance sheet at December 31.   Wages payable $ 1,000 Accounts receivable $ 7,000 Building 100,000 Accumulated depreciation—Building 30,000 Cash 18,000 Notes payable (due in 5 years) 51,000 Interest payable 2,000 Notes receivable (due in 14 years) 20,000 Common stock 10,000 Accounts payable 11,000 Retained earnings 40,000

The supplies account had a balance of $4,174 at the beginning of the year and was debited during the year for $2,633, representing the total of supplies purchased during the year. If $381 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a.$6,426 b.$381 c.$6,807 d.$3,014

On December 31, Hughes Company has the following list of account balances. Additional Resources       Accounts Payable $42,600       Equipment $30,500     Accounts Receivable 49,100       Service Revenue 41,800     Accumulated Depreciation, Equipment 19,600       Legal Expense 7,800     Accumulated Depreciation, Buildings 62,100       Note Payable, due in two years. 20,000     Advertising Expense 5,000       Prepaid Rent 20,500     Beginning Retained Earnings 97,000       Rent Expense 8,500     Buildings 119,000       Salaries Expense 3,400     Capital Stock 53,900       Salaries Payable 10,700     Cash 65,600       Supplies 24,500     Dividends 12,200       Supplies Expense 1,600 Required: Compute the dollar amount of the…