Cash Accounts Receivable Prepaid Insurance Supplies Acme Corporation Trial Balance December 31, 2025 Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $300 522 82 180 4,000 O credit to Unearned Service Revenue for $175. O credit to Service Revenue for $175. O debit to Service Revenue for $175. O debit to Unearned Revenue for $175 $ 600 384 1,200 1,400 3,000 1,000 500 $6.584 $6,584 If service for $175 had been performed but not billed, the adjusting entry at the end of the period would include a

Cash Accounts Receivable Prepaid Insurance Supplies Acme Corporation Trial Balance December 31, 2025 Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $300 522 82 180 4,000 O credit to Unearned Service Revenue for $175. O credit to Service Revenue for $175. O debit to Service Revenue for $175. O debit to Unearned Revenue for $175 $ 600 384 1,200 1,400 3,000 1,000 500 $6.584 $6,584 If service for $175 had been performed but not billed, the adjusting entry at the end of the period would include a

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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Cash €18,800 Accounts Receivable 35,800 Allowance for Doubtful ACcounts €638 Inventory, December 31 84,850 Prepaid Insurance 6,860 Equipment 91,000 Accumulated Depreciation-Equipment 36,650 Notes Payable 29,280 Share Capital-Ordinary 80,329 Retained Earnings 9,970 Sales Revenue 635,513 Cost of Goods Sold 419,500 Salaries and Wages Expense 124,210 Advertising Expense 6,730 Office Expense 4,630 €792,380 €792,380
Ensemble Co. Unadjusted Trial Balance For the Year Ending December 31, 2018 Debit Balances Credit Balances 42,900 123,500 27,000 300,000 52,000 4,800 40,000 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 1,801,500 Trial Balance to be prepared from the above given values? Cash Accounts Receivable. Prepaid Insurance. Equipment... Accounts Payable Salaries Payable. Common Stock Retained Earnings Dividends... Service Revenue Salary Expense... Advertising Expense... Miscellaneous Expense
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Cash Supplies Prepaid insurance Equipment Total assets Accounts payable Unearned consulting revenue Total liabilities Common stock Retained earnings Balance Sheet December 31, 2021 Assets Total equity Total liabilities and equity Liabilities Equity The balance in retained earnings comes from the: 4 4 4 4 4 $ $ $ $ 9,525 17,820 4,700 60,000 92,045 7,400 4,500 11,900 76,000 4,145 80,145 92,045
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2019 Ending Balances DEBITS CREDITS Cash 17,000 Marketable Securities 2,000 Accounts Rec. 14,000 Allowance for Bad Debt 2,000 Inventory 15,000 Prepaid Insurance 5,000 Land 30,000 Building 150,000 Accumulated Dep. - Building 45,000 Equipment 100,000 Accumulated Dep. - Equipment 20,000 Accounts Payable 9,000 Salaries Payable Unearned Revenue 2,000 Interest Payable Income Taxes Payable 3,000 Note Payable Bonds 100,000 Common Stock 50,000 Additional Pd-in-Capital 80,000 Retained Earnings 22,000 333,000 333,000 Complete the following jounral entries: Salaries are $2,200 per month (12 months of salaries expense must be booked). It is expected that one-half month will be owed on 12/31/20 because of when payday falls (therefore, 11.5 months of salaries have been paid and ½ month is still owed to the employees at year end). $56,000 in cash is borrowed on 9/30/20 by issuing a Note…
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Question Description SABRINA CORPORATION UNADJUSTED TRIAL BALANCE DECEMBER 31, 2019 DEBIT CREDIT CASH 36,868 FV-NI Short Term INVESTMENTS 30,300 ACCOUNTS RECEIVABLE 425,755 ALLOWANCE FOR DOUBTFUL ACCOUNTS 8,400 INVENTORY 402,912 NOTES RECEIVABLE 30,000 OFFICE BUILDING 500,000 ACCUMULATED DEPRECIATION (OFFICE BUILDING) 280,000 OFFICE EQUIPMENT 120,000 ACCUMULATED DEPRECIATION (OFFICE EQUIPMENT) 0 ACCOUNTS PAYABLE 205,258 DIVIDENDS PAYABLE 7,328 NOTES PAYABLE 60,000 PREFERRED STOCK, 30,000 OUTSTANDING ON DECEMBER 31, 2019 100,000 COMMON STOCK, 100,000 OUTSTANDING ON DEC 31, 2019 185,000 RETAINED EARNINGS 280,623 SALES REVENUE 3,590,524 SALES…
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