Enter the following December 31 normal balances in the first row of T-accounts below: K. Korver, Capital $18,400; K. Korver, Withdrawals $2,200; Services Revenue $34,000; Salaries Expense $25,400; and Rent Expense $3,400. (1) Post closing entries to each account's T-account. (2) Compute the ending balance of each T-account, even if the final balance is $0. Adjusted Balance Ending Balance K. Korver, Capital Ending Balance Adjusted Balance Income Summary Ending Balance Salaries Expense Adjusted Balance 0 K. Korver, Withdrawals Adjusted Balance Ending Balance Services Revenue Adjusted Balance Ending Balance Ending Balance Rent Expense Adjusted Balance

Prepare general journal entries to record the four transactions and to adjust the Allowance for Doubtful Debts account. A. В. Show how accounts receivable and the allowance for doubtful debts would appear on the balance sheet at 30 June. С. On 29 June, Toronto Ltd, whose $2400 account had been written off as uncollectable in June, paid its account in full. Prepare journal entries to record the collection. On 1 June, Canada Ltd had Accounts Receivable and Allowance for Doubtful Debts accounts as below. Ignore GST. Accounts Receivable 1/6 Balance 849 555 Allowance for Doubtful Debts |1/6 Balance 12 100 During June, the following transactions occurred: 1. Fees earned on credit, $1 195 000. Fees refunded, $24 100. Accounts receivable collected, $1 400 000. Accounts written off as uncollectable, $15 851. 2. 3. 4. Based on an ageing of accounts receivable on 30 June, the firm determined that the Allowance for Doubtful Debts account should have a credit balance of $13 500 on the balance sheet…

The accounting records and bank statement of Orison Supply Store provide the following information at the end of April. The closing 'Cash' account balance was $28,560, and the bank statement shows a closing balance of $32,000. On reviewing the bank statement it is found an account customer has deposited $2,000 into the bank account for a March sale and the monthly insurance premium of $4,500 was automatically charged to the account. Interest of $5,10 was paid by the bank and a bank fee of $50 was charged to the account. A payment of $1,500 to a supplier has been recorded twice in the accounts. After the ,calculation of the "ending reconciled cash balance", what is the balance of the 'cash' account?

The company determines that the interest expense on a note payable for the period ending December 31 is $700. This amount is payable on January 1. Journalize these transactions for December 31 and January 1. If an amount box does not require an entry, leave it blank. Dec. 31   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6 Jan. 1   fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12