Item Cash Accounts Receivable Land Accounts Payable Notes Payable Capital Share Revenues Advertising Expenses Utilities Expenses Debits Credits 26,300 3,200 15,000 5500 10,000 25,000 12,000 2000 1000 47500 47500 In 20x1, following transactions incurred. 1) Credit sales of 13,000. 2) Cash sales of 5000. 3) Paid up the Accounts Payable of 500 Please complete the Trial Balan December 20X1 by inputting appropriate figures at (1), (2),13), (4).651. (3 marks each)

Item Cash Accounts Receivable Land Accounts Payable Notes Payable Capital Share Revenues Advertising Expenses Utilities Expenses Debits Credits 26,300 3,200 15,000 5500 10,000 25,000 12,000 2000 1000 47500 47500 In 20x1, following transactions incurred. 1) Credit sales of 13,000. 2) Cash sales of 5000. 3) Paid up the Accounts Payable of 500 Please complete the Trial Balan December 20X1 by inputting appropriate figures at (1), (2),13), (4).651. (3 marks each)

Name: Help to clarify the trial balance for 1,2,3,4,5 For num 2 knowing that
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Help to clarify the trial balance for 1,2,3,4,5 For num 2 knowing that will be 0 as paid up the account payable of $500. But I'm still confuse with rest.. DebitsItemCashAccounts ReceivableLandAccounts PayableNotes PayableCapital ShareRevenuesCredits2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Do not give solution in image format and proper explain steps by Step
adjustment (using a + or - to indicate an increase or decrease), and the balance of the For each of the above situations, show the accounts affected, the amount of the TNT all all a 5.4 64 4:08 GLOBE K/s Edit 88 50 Problem #11 Determining Adjustments de trial balance for Rosalie Balhag Cleaners appears as follows: Rosalie Balhag Cleaners Trial Balance Sept. 30, 2019 Cash P 117,880 Accounts Receivable 264,940 Prepaid Insurance Cleaning Supplies Land 34,000 73,740 180,000 1,850,000 Building Accumulated Depreciation-Building Accounts Payable Unearned Cleaning Revenues Mortgage Payable Balhag, Capital Balhag, Withdrawals Cleaning Revenues Salaries Expense Cleaning Equipment Rental Expense Delivery Truck Expense P 456,000 204,000 16,000 1,100,000 565,600 100,000 1,576,340 1,013,300 60,000 43,740 Interest Expense 110,000 Other Expenses 70,340 P3,917,940 P3,917,940 The following information is also available: a. A review of insurance policies showed that P6,800 is unexpired at the year-end.…
This is the debit and credit side of my income statement and balance sheet. Since it's a loss, should i also put parenthesis on credit total 395,000 to add it to 205,500 and will then balance the debit side?
Please help me with show all calculation thanku
The answer I was given was 3,836 which was incorrect. Could you please recalculate. Thank you.
9-Which of the following errors will not affect the Trial balance? a. Omitting Salary account OMR 12,000 and recording Cash account OMR 12,000 b. Cash paid to Mr. Said OMR 7800: Debit Mr. Said OMR 8700 and Credit Cash OMR 7800 c. Omitting Rent account OMR 8,000 and Cash account RO 8,000 d. Wrong totaling of purchase journal OMR 48,000 instead OMR 84,000
HELP ME
PA10. LO 4.3Prepare 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). March 1, paid interest due on note, $2,500 December 31, interest accrued on note payable, $4,250
can somebody explain what goes on the account line, and whether or not i should debit or credit the items. Thank you
At December 31, 2021, Skysong, Inc. reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts During 2022, the company had the following transactions related to receivables. 1. 2. 3. 4. 5. $630,000 41,000 Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $2,669.000 54,000 2,056,000 41,000 17,000
Help me answer 26 to 35
Prepare a classified balance sheet in proper form.