PB9, LO 5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result after all closing journal entries were made and posted: Adjusted Trial Balance Debit Credit Cash $ 8,625 Accounts Receivable 11,600 Accounts Payable $ 8,450 Unearned Revenue 1,500 Common Stock 10,000 Retained Earnings 12,275 Dividends 2,000 Service Revenue 97,500 Advertising Expense 2,500 Rent Expense 18,000 Utilities Expense 12,000 Wages Expense 75,000 $129,725 $129,725

PB9, LO 5.2 Assuming the following Adjusted Trial Balance, create the Post-Closing Trial Balance that would result after all closing journal entries were made and posted: Adjusted Trial Balance Debit Credit Cash $ 8,625 Accounts Receivable 11,600 Accounts Payable $ 8,450 Unearned Revenue 1,500 Common Stock 10,000 Retained Earnings 12,275 Dividends 2,000 Service Revenue 97,500 Advertising Expense 2,500 Rent Expense 18,000 Utilities Expense 12,000 Wages Expense 75,000 $129,725 $129,725

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 4.3C

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Marked out of 20.00P Flag questionusing the income summary account for the month ofSiren MarketingAdjusted Trial BalanceMay 31, 2022Account TitleCashDebitCredit$8, 600Accounts Receivable$2, 500Prepaid Insurance$2,700 Accounts PayableUnearned RevenueKirk, Capital$1, 200$1, 800$5, 880Kirk, Withdrawals$1,600Service Revenue$8, 620Advertising Expenselnsurance ExpenseRent Expense Total$790$450$860$17,500 $17,500No comma or dollar sign should be included in the imput icklPrepare the closing entries in the proper order. For transactions that have more than 1 debit or more than 1 deditDebitAccount Title and Explanation Date May 31
EA11. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Debit Credit Fixed assets 120,000 Accumulated depreciation Prepaid rent 24,000 18,000 Unearned revenue 3,500 A. depreciation on fixed assets, $ 8,500 B. unexpired prepaid rent, $12,500 C. remaining balance of unearned revenue, $55
TER 8-UTS-The Political S A M7: Assignment No.1 AE CABA. e Home Edmodo e Spoliarium by Juan. W You searched for Re... W Operating Performa. in No 1 Qtn.docCx 5. 6. 7. 8. 9. 10. Open with - The balances for the accounts listed below appeared in the Adjusted Trial Balance columns of the work sheet. Indicate whether each balance should be extended to (a) the Income Statement columns or (b) the Balance Sheet columns. 2. (1) Salaries Payable (2) Fees Eamed (3) Accounts Payable (4) Felipe Ramos, Capital (5) Supplies Expense (6) Unearned Rent Felipe Ramos, Drawing Equipment (7) (8) (9) (10) (11) (12) Accounts Receivable Accumulated Depreciation Salary Expense Depreciation Expense Page Ps 25°C 99 LG
9- FABM7 - Trial mle Ba What's New Directions: ldentily the noarmal account balance of tht following accounta, Write your answerB on a separate sheet of paper. 1. Snlaries Expense 2. Canh 3. Supplica 4. Furmitur. S. Accoutits Payable 6. Makisig. Drawings 7. Buliding a. Makisig, Capitul 9. Professional Fees 10, Service Revenue 11. Accounta Recelvable 12. Notrs Peyable 13. Land 14. LanEundry Revenues 15. Uriearned Servica Revenuen II
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More info - X December 1 Ritchie sold 14 go-karts on account. The selling price of each go-kart was $1,900; the cost of goods sold for each was $400. December 5 Ritchie received notice of a class-action lawsuit being filed against it. The lawsuit claims that Ritchie's go-karts have engine defects that appear after the warranty period expires. The plaintiffs,want Ritchie to replace the defective engines and pay damages for the owners' losé of use. The cost of replacing the engines would be approximately $380,000 (not including any damages). Ritchie's attorney believes that it is reasonably possible that Ritchie will lose the case, but the attorney cannot provide a dollar estimate of the potential loss amount. December 20 Ritchie performed repairs due to product warranty complaints for two go-karts sold earlier in the year. Ritchie's cost of the repairs, paid in cash, was $850. December 22 An individual claims that he suffered emotional distress from a high-speed ride on a Ritchie…
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Instructions: 1. Based on the information provided below, please calculate the total accrual needed at the end of Q1-2022 (3/31/2022) by vendor. 2. Round the total accrual to the nearest 10. 3. Utilizing the rounded total accrual amount, and the provided information, show what journal entry(s) should be posted at the end of Q1-2022. 4. Format/change/improve this tab however you like to make it easier to understand. This is a list of all invoices received and paid related to Q1 for the respective vendors: Invoice/Start Date Vendor Invoice Number Amount 2/1/2021 California Roofing 3AD24DF982D 1/1/2022 Hot Cakes LLC 1/6/2022 Jammer Joes Pools D48F5A4D8 1/10/2022 Else's Hammer Sho 1/19/2022 Washmart Co 2/4/2022 Hot Cakes LLC 2/5/2022 ABC Plumbing 2/16/2022 Else's Hammer Sho 3/17/2022 Spooner forks Inc UUTTRSFS 3/19/2022 Else's Hammer Sho Washmart Co California Roofing Jammer Joes Pools Spooner forks Inc Total Accrual 2. Rounded Total 3. JE(s) needed at 3/31/2022: Account Type Debit Expense…
Fill the table as on december 31. Want correct exact answer, other wise downvote for sure.
O Adjustments- Debit O Adjusted Trial Balance-Credit 35. Vhich of the following combination of trial balance totals suggest a possible transposition error? 457,470 debit and 458,470 credit 756,350 debit and 753,630 O478,270 debit and 479,290 credit 86,230 debit and 85,250 credit 36. Which of the following steps in the accounting cycle are listed in a rational sequence? *
LTI Post Attend cengage lo * CengageNO M Reset your E Homework com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inpr.. Chart of Accounts General Journal Instructions Delmarva Company, during its first year of operations in 2020, reported taxable income of $170,000 and pretax financial income of $100,000. The differenc between taxable income and pretax financial income was caused by two timing differences: excess depreciation on tax return, $70,000; and warranty expenses in excess of warranty payments, $40,000. These two timing differences will reverse in the next three years as follows: Year Depreciation Warranty Expenses 2021 $10,000 $20,000 2022 20,000 16,000 2023 40,000 4,000 Enacted tax rates are 30% for 2020, 35% for 2021 and 2022, and 40% for 2023. Required: