Turtle Company has prepared the following adjusted trial balance for the year ended December 31, Year 1:   Turtle Company ADJUSTED TRIAL BALANCE December 31, 20--     ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,700.00   2 Accounts Receivable 2,000.00   3 Inventory 1,800.00   4 Equipment 5,400.00   5 Accumulated Depreciation   1,700.00 6 Accounts Payable   2,400.00 7 Salaries Payable   300.00 8 Income Taxes Payable   660.00 9 Common Stock (400 shares)   3,200.00 10 Retained Earnings   1,300.00 11 Dividends 200.00   12 Sales Revenue   8,500.00 13 Cost of Goods Sold 3,900.00   14 Selling Expenses 1,800.00   15 Administrative Expenses 600.00   16 Income Tax Expense 660.00   17 Totals 18,060.00 18,060.00       Required:   For Year 1, prepare in proper form: (1) an income statement, (2) a retained earnings statement, (3) an ending balance sheet, and (4) closing entries.

Following are accounts and year-end adjusted balances of Cruz Company as of December 31. NumberAccount TitleDebitCredit101Cash$ 18,000 126Supplies 12,000 128 Prepaid insurance 2,000 167 Equipment23,000 168 Accumulated depreciation Equipment $ 6,500301A. Cruz, Capital 47, 343302A. Cruz, Withdrawals 6,000 403Services revenue 33,300612Depreciation expense Equipment2, 000 622Salaries expense19, 414 637 Insurance expense 1,399 640 Rent expense2, 231 652Supplies expense 1,099 Totals$ 87, 143$ 87,143 Prepare the December 31 closing entries. The account number for Income Summary is 901. Prepare the December 31 post - closing trial balance. Note: The A. Cruz, Capital account balance was $47,343 on December 31 of the prior year.

Based on IAS 19 (Adjustment 2014) and the following data: Balance as of December 31, 2014: Current service cost Rp 6.000.000 Interest costs Rp 2.000.000 Past service costs Rp 1.000.000 10% Amortization of net actuarial losses Rp    500.000 Unrecognized actuarial losses Rp 17.000.000 Curtailment Rp   1.000.000 Adjustment Rp   1.500.000 What post-employment benefits should be recognized in the income statement for the year ended December 31, 2014 (the Company provides a post-employment benefit plan - defined benefit): A. Rp 29.000.000 B. Rp 12.000.000 C. Rp  9.000.000 D. Rp  6.000.000

Subject/Course: Financial Accounting.

The trial balance of Fuzzy Security Services Ltd. as of January 1, Year 9, had the following normal balances:Cash$93,380Petty Cash100Accounts receivable21,390Allowance for doubtful accounts2,485Supplies180Prepaid rent3,000Merchandise inventory (23 @ $280)6,440Equipment9,000Van27,000Accumulated depreciation14,900Salaries payable1,500Common stock50,000Retained earnings91,605During Year 9, Fuzzy Security Services experienced the following transactions:1. Paid the salaries payable from Year 8.2. Paid $9,000 on May 2, Year 9, for one year’s office rent in advance.3. Purchased $425 of supplies on account.4. Purchased 145 alarm systems at a cost of $290 each. Paid cash for the purchase.5. After numerous attempts to collect from customers, wrote off $2,060 of uncollectible accounts receivable.6. Sold 130 alarm systems for $580 each plus sales tax of 5 percent. All sales were on account. (Be sure to compute cost of goods sold using the FIFO cost flow method.)7. Billed $107,000 of monitoring…

The following trial balance was extracted from the ledger of Juliana at 31 December 2020.                   Juliana Trial Balance as at 31 December 2020                                                                             RM                         RMLand at cost                                                      26,000Plant at cost                                                      83,000 Accumulated Depreciation at 1 January 2020- Plant                    13,000Office Equipment                                              33,000Accumulated Depreciation at 1 January 2020Office Equipment                                                                           8,000Receivables                                                      198,000Payables                                                                                        52,000Sales                                                                                             763,000Purchases…

Changes in various accounts and gains and losses on the sale of assets during the year for Argon Companyare given below:Item AmountAccounts receivable ............................... $90,000 decreaseAccrued interest receivable ................... $4,000 increaseInventory ................................................ $120,000 increasePrepaid expenses .................................. $3,000 decreaseAccounts payable ................................... $65,000 decreaseAccrued liabilities ................................... $8,000 increaseDeferred income taxes payable ............. $12,000 increaseSale of equipment .................................. $7,000 gainSale of long-term investments ............... $10,000 lossRequired:Prepare an answer sheet using the following column headings:Item Amount Add DeductFor each item, place an X in the Add or Deduct column to indicate whether the dollar amount should beadded to or deducted from net income under the indirect method when computing the…

Depreciation by Units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $426,700 and the balance in Accumulated Depreciation—Trucks is $132,940. Details of the subsidiary ledger are as follows: TruckNo. Cost EstimatedResidualValue EstimatedUsefulLife AccumulatedDepreciationat Beginningof Year MilesOperatedDuringYear 1 $77,000   $11,550   200,000 miles —       30,000 miles 2 117,200   14,064   370,000   $23,440       37,000   3 105,000   14,700   202,000   84,000       20,200   4 127,500   15,300   240,000   25,500       28,800   Question Content Area a.  Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary account for the miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. Round the rate per mile to two decimal places. Truck No. Rate per…

Dorothy Corporation had the following accounts in its year-end adjusted trial balance: Inventories, $23,200; Accounts Receivable, $7,500; Accounts Payable, $7,200; Prepaid Rent, $2,400; Marketable Securities, $3,000; Allowance for Doubtful Accounts, $1,100; and Cash, $1,800. Prepare the current assets section of Dorothy's year-end balance sheet

For each of the above independent situations, prepare the adjusting entries that must be made on the December 31, 20X1, worksheet.