A company trial balance 20xx 60 Baking Supplies 18,500. Joumal the payroll items below and thenupdate the trial balance as of February 28a Feb. 00 Merchandise Inventory 85. 1-OctBaking Supplies 8,500. Then answer questions 7 - Business; Operations Management; Operations Management questions and answers; BVD Corp Trial Balance at December 31,20XX is presented below. There are no adjustments needed to the trial balance figures. 33 108,059. December 31. Please help. Ensure that the entries are correctly transferred to the adjusting entries portion of the "Trial Balance" tab. Accounts Payable 8,500. IVANHOE COMPANY Trial Balance December 31, 2017 Credit An inexperienced bookkeeper prepared the following trial balance: HUEWITT COMPANY Trial Balance December 31, 2014 Debit Credit Cash $12,560 Prepaid Insurance $2,830 Accounts Payable 4,090 Unearned Ser; The cash account has a $15,000 debit balance. 00 - Notes Payable - Accounts Payable - Wages Payable - Owner's Capital - Owner Draws - Service Revenue - Rent Expense - Business Trial Balance As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash 50,650. Credit Debit 15000 12000 2140 16-40 630 3600 ELE Particulars Buildings Office squipment Office A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. wages $6,400 / current wages $1,600 Fed wh= $140 Use the trial balance below for your opening balances Company Name Trial Balance As of March 10th Trial Balance As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash 50,000. 00 Accounts Payable 155. 33 A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Adjusted trial balance Account Debit Credit Debit Credit Debit Cash 51436. A Company Post-Closing Trial Balance Qtr. Assets: Cash 50,650. Accounts Receivable Green Tree Company Green Tree Company Post Closing Trial Balance December 31, 20xx ACCOUNT DEBIT CREDIT Cash $7,700 Petty Cash Fund 100 Notes Receivable 2,000 Accounts Receivable 13,500 Allowance for A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. Closing Entries: Complete the “Closing Entries” tab of the company accounting Rich's Accounting Service - Worksheet July, 20xx Trial Balance Adjustments Adjusted Tri A Company Trial Balance 20xx Unadjusted trial balance Adjusting entrie Account Debit Credit Debit. On October 1, a client pays a company the full $12,000 balance of a year-long contract. Ending 12/31/20xx Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated A trial balance also provides a: Question 3 options: Summary of the next profits made during the period Sum Get the answers you need, now! Skip to main content. Operating Expenses Question: ABC Company Adjusted Trial Balance December 31, 20xx Debit Credit Cash 60. payable 290. 1-OctCash 25,000. Cash $1,370 Benson, Withdrawals $ 500 Accounts Payable 770 Accounts Receivable 1,600 Office Equipment 900 Service Fees 2,730 Benson, Capital 1,500 Salaries Expense 630 9. Salaries Expense - $630 Credit Side: 1. 65 Prepaid Rent 1500 1500 Prepaid Insurance 1200 View CH06 Exercises 1-9 (1). Transferred $300 of his savings into a business bank account 2. Stóckton Company Adjusted Trial Balance For the Year ended December 31, 20XX $ 6,030 Cash 2,100 Accounts Receivable Q Eastern Flying Ltd's unadjusted and adjusted trial balances on December 31,2006,are as follows. Some of these must be listed incorrectly. loading. Here’s the best way to solve it. on March 1, 20XX, lists the entity's assets, liabilities, and owner's equity on that date. Cash. BLOSSOM COMPANY ADJUSTED TRIAL BALANCE JANUARY 31, 2020 Debit Credit Supplies $1,020 Prepaid Insurance 4,320 Apr 23, 2022 · The heading reflects the company’s name and the date of preparation 2. 00 Soc. Ensure that the entries are correctly transferred to the adjusting entries portion of the “Trial Balance” tab. Let's look at the company we have been using in our examples MicroTrain. 15 The trial balance of My Motor, Inc. Balance Debit Credit Cash Accounts receivable Accounts payable Common Stock Please share free course specific Documents, Notes, Summaries and more! I cannot get the trial balance to be equal. 150 Accumulated Depreciation Delivery Mar 1, 2020 · 3366 Homework The trial balance of My Motor, Inc. 00 150. 75 Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends 37 A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. Cash 1140 Notes Receivable 16000 Accounts Receivable 41000 Merchandise Inventory 40000 Prepaid Insurance 960 Furniture and Equipment 67000 Accumulated Dep. 00 Accounts Receivable 2,975. 75 Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends A1 ABC Company Unadjusted Trial Balance June 30, 20xx Debits Credits Accounts Receivable Supplies Inventory Prepaid Insurance Prepaid Rent Prepaid Expenses 25,000 10,000 15,000 10,000 2,500 ment 75,000 Question: Delphinium Corp. 00 Vehicle15,000. 00 Notes Payable 10,000. (19-23) Stockton Company Adjusted Trial Balance December 31 Cash. Dec 28, 2023 · Enhanced Document Preview: Requirement #10: Prepare a post-closing trial balance as of July 31 in the space below. 00 1,200. Balance Debit Credit Cash Accounts receivable Accounts payable Common Stock Jun 15, 2021 · A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. 1 Received a check from Active Sporting Stores, customer number 2052 for $28. 3366 Homework The trial balance of My Motor, Inc. 30 Office Supplies 50. Adjustment data reveals that 960. General Ledger Account Balances d. Log in to add comment. Service. June 5: Owner paid rent for June, and prepaid office rent for a 6-month period to cover The Goldwater Company’s accounting year ends March 31, 20XX. Cash - $1,370 2. 33) Office Supplies 50. " ABC Company considers these items "Administrative E. Cash ( 51,436) Baking Supplies ( 20,500) ( 19,400) Merchandise Inventory ( 175) Prepaid Rent ( 1,500) Prepaid Insurance fix this balance sheet for both assets and liabilities using the adjusted trial balance A Company Balance Sheet As of June 30, 20XX Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Cash 50,650. on March 1, 20XX, lists the entity’s assets, liabilities, and owner’s equity on that date. search. & Cr. This statement shows the profitability of the business for the period. \\ \hline Cash & & \\ Equipment & & \\ Accumulated Depreciation & & \\ View Unadjusted-Trial-Balance-Adjusted-Trial-Balance-Post-Closing-Trial-Balance. Ending 12/31/20xx Unadjusted Trial Balance Account Debit Credit Cash 51,436. Accounts Receivable. Ask Question The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. The loan term is 5 years. Ask AI. 0001 Accounts Receivable 51. Be sure to prepare these financial statements in Question: An inexperienced bookkeeper prepared the following trial balance that does not balance. ) balances. 00 of office supplies are on hand at the end of the period. 00 Vehicle 15,000. - furniture and Equp. 00 Accumulated Depreciation Office Supplies 600. Ending 12/31/20XX Revenues Bakery Sales Merchandise Sales Total Revenues Cost of Goo Answered over 90d ago Q A Company Post-Closing Trial Balance Qtr. 00 Prepaid Rent 25,000. 00 Office Supplies - Accumulated Depreciation 250. Write a summary of what the Feb 1, 2020 · Green Tree Company Green Tree Company Post Closing Trial Balance December 31, 20xx ACCOUNT DEBIT CREDIT Cash $7,700 Petty Cash Fund 100 Notes Receivable 2,000 Accounts Receivable 13,500 Allowance for Nov 22, 2023 · Final answer: The question covers accounting practices related to expenses on an adjusted trial balance and understanding the significance of current account and merchandise trade balances in the context of international trade. 00 A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. Step 1: Prepare the Statement of Comprehensive Income. 75 Baking Supplies 20500 19400 1100 Merchandise Inventory 175. A Company Income Statement For Month Ending 06-30-20XX Unformatted text preview: 200. The debit and the credit balance of the unadjusted trial balance and the adjustments including the adjusted trial balance should tie up or the total amounts should equal in the debit and credit side. Prepare an income statement for Company Y. 00 Merchandise Our expert help has broken down your problem into an easy-to-learn solution you can count on. 00 Office Furniture 2,750. Singer's company had the following business transactions during the first month of operation in September 20 Prepare an unadjusted trial balance for September 30, 20XX For Course A Company Post-Closing Trial Balance Qtr. 00 Accumulated Depreciation(250. Merchandise a company purchases from a vendor. 00 Accumulated Depreciation 24 A Company Balance Sheet As of June 30, 20XX Assets Current Assets: Business; Accounting; Accounting questions and answers; Delphinium Corp. 00 1,100. Category Type. 00 Prepaid Rent 7,170. Chapter 6: Exercise 1 Electron Company Trial Balance June 30, 20xx Bank Accounts Receivable Control Equipment Accounts COMPANY NAME Balance Sheet As of 06/30/20XX. Balance Sheet Liabilities: Prepare the balance sheet liabilities entries using the adjusted trial balance. The A Company Post-Closing Trial Balance Qtr. 00 Prepaid Insurance Study with Quizlet and memorize flashcards containing terms like Transactions Report, Trial Balance, Journal Entry and more. 2,100. Marketable Securities 2,000 . 00 Accounts Receivable 9,700. 71 220 GST Payable 165. ; March 2: Owner signed lease on office space; paying first (March 20XX) and last month’s rent of $950 per month. Merchandise Inventory 237. Chapter 6: Exercise 1 Electron Company Trial Balance June 30, 20xx Bank Accounts Receivable Control Equipment Accounts Q The assembly department had beginning work in process of 19,000 units, ending work in process of 23,000 units and units Its trial balance on January 31, 2013 was as follows [10] Business Services Ltd. Prepaid Insurance 750. Author: Libby. 00 Office Not the question you’re looking for? Post any question and get expert help quickly. Watson, $100 cheque, repayable in 5 years Post-Closing Trial Balance: Prepare the “Post-Closing Trial Balance” tab of the company accounting workbook in preparation for the next accounting period. Janes Skateboard Post Closing Trial Balance For the Month Ended July 31, 20XX Account Number There is nothing to complete on this page; this is simply a resource for you. A $5,000 credit entry and a $7,000 debit entry are posted to the account. Efforts made by a company to add value to a customer. Cash ( 51,436) Baking Supplies ( 20,500) ( 19,400) Merchandise Inventory ( 175) Prepaid Rent ( 1,500) Prepaid Insurance A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. 00 Prepaid Insurance 1,200. Sec. 00 Merchandise Inventory 175. 00 Prepaid Rent7,170. Sep 29, 2021 · Answer: Total of Trial Balance₹ 2,38,000. We will separate revenue and expense accounts from the trial Business; Accounting; Accounting questions and answers; I need a balance sheet for this informationTrial Balance As of 06/30/20XX Unadjusted trial balance AccountDebitCredit Trial BalanceCash50,650. ABC Company Unadjusted Trial Balance. Accounts Receivable - $1,600 4. 75 Baking Supplies 20,500. 00 Prepaid Rent 950. Debit Credit$ 126,934225,50095,1250 650,000500,650275,000000000 303,912. 75 Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends P1: XYZ Itd is a manufacturing company located in Bangalore. Cash 51,436. Prepare a trial balance in good form. Baking Equipment 5,000. xlsx from ABM DEPARTMENT 12 at Iligan City National High School. Advertisement. Accounts Receivable 2,500 1,500 Rent Expense $ 500 Accounts Payable Service Revenue 3,500 200 Cash 1,600 Common Stock 2,200 Supplies Salaries and The unadjusted trial balance of Serrano Company at December 31, 20XX included the following accounts: Debit Credit Allowance for doubtful accounts 16,000 Sales 7,225,000 Sales return 125,000 Serrano estimates its uncollectible receivables at 2% of net sales. 52 . 00 Baking Supplies 1,100. 5% EE #1 Past wages $10,000 current wages $2,500. 00 October, 20xx Accounts Date 1-Oct Cash Common Stock Debit Credit $25,000 $25,000. The payroll liabilities (federal income tax withholding, Social security, and Medicare) were paid in full on Feb 12th. 6,530. Stóckton Company Adjusted Trial Balance For the Year ended December 31, 20XX $ Question: Use the adjusted trial balance for Stockton Company to answer the questions that follow. 00 Accumulated Depreciation 208. 00 Prepaid Insurance A Company Post-Closing Trial Balance Qtr. Received loan from D. Trial Balance questions with solutions class 11 Also read: Trial Balance format definition and methods Also read: 20 transactions with their Journal Entries, Ledger, and Trial balance Jul 29, 2024 · Here's a partial trial balance of the Sheila James Dancing Studio as of October 31, 20XX. 4. 00 Prepaid Insurance Enhanced Document Preview: A Company Trial Balance 20xx Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Q A Company Income Statement For Qtr. 464, terms net 30. Cash ( 51,436) Baking Supplies ( 20,500) ( 19,400) Merchandise Inventory ( 175) Prepaid Rent ( 1,500) Prepaid Insurance After we post the adjusting entries, it is necessary to check our work and prepare an adjusted trial balance. BUY. 00 PART B - Question 3 (8 marks) Black Company's unadjusted and adjusted trial balances on December 31, 20XX, are as follows: Adjusted Trial Balance 4,000 1,200 9,000 Unadjusted Trial Balance Cash 4,000 Prepaid insurance 1,600 Question: ABC Company Unadjusted Trial Balance June 30, 20XX Debits Credits Cash $25,000 Accounts Receivable 10,000 Supplies Inventory 15,000 Prepaid Insurance 10,000 Prepaid Rent 2,500 Prepaid Expenses - Equipment 75,000 Accumulated Depreciation - Equipment 15,000 Accounts Payable 12,000 Salaries Payable - Unearned Revenue 3,000 . 00 Prepaid Insurance Based on the given trial balance of Benson Company as of June 30, 20xx, here is a brief analysis: Debit Side: 1. Prepaid Insurance 1,200. 00 Merchandise Inventory Prepaid Rent Prepaid Insurance 1,200. 00 Accounts Receivable - 15. Benson, Capital - $1,500 3. Then answer questions 7 - 10. Cash Flow balances c. 00 View CH06 Exercises 1-9 (1). Journalize the adjusting entry. 75 Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends ABC Company Unadjusted Trial Balance June 30, 20xX Debits Credits Cash Accounts Receivable Supplies Inventory Prepaid Insurance Prepaid Rent Prepaid Expenses 25,000 10,000 15,000 10,000 2,500 75,000 Post-Closing Trial Balance Qtr. 25th - Paid Federal As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash - Accounts Receivable - Prepaid Rent - Prepaid Insurance - Vehicle - Office Supplies - Accumulated Depreciation - Ending Equity as of 06/30/20XX $ - A A Company Trial Balance 20xx Unadjusted trial balance Adjusting entrie Account Debit Credit Debit. 7 A Company Trial Balance 20xx Unadjusted trial balance Adjusting entrie Account Debit Credit Debit. Ending 12/31/20xx HEAVENLY CREATIONS TRIAL BALANCE JANUARY 31, 20XX \begin{tabular}{l|l|l|} \hline & Dr. Accounts Receivable 2,975. Marketable Securities 2,000. Benson, Withdrawals - $500 4 Adjusting Entries: Prepare the "Adjusting Entries" tab of the company accounting workbook. All gnyY traneartione have hoon rarnellad ovront far the itame Hoerrihed an the Question: A1 ABC Company Unadjusted Trial Balance June 30, 20xx Debits Credits Accounts Receivable Supplies Inventory Prepaid Insurance Prepaid Rent Prepaid Expenses 25,000 10,000 15,000 10,000 2,500 ment Q A Company Income Statement For Qtr. 150 Accumulated Depreciation Delivery Question: HW problem - Module 2 - utilizing payroll templateInstructions: Prepare the payroll register for each EE. fix this balance sheet for both assets and liabilities using the adjusted trial balance A Company Balance Sheet As of June 30, 20XX Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Cash 50,650. Vehicle 15,000. Company Y Adjusted Trial Balance Income Statement For the Year Ended Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. 05A Company Trial Balance 20xx A Company Post-Closing Trial Balance Qtr. Service Fees - $2,730 5. 00 Prepaid Insurance 1,000. Solved by verified expert As of 06/30/20 XX Company Name Statement of Owner's Equity Period Ending 06/30/20XX A Company General Journal Entries A Company Income Statement For Month ending 06/30/20XX Jan 31, 2020 · A partial adjusted trial balance of Blossom Company at January 31, 2020, shows the following. 689 in full settlement of the A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. DR CR. 10th 20XX Debit Credit Cash 6,000. Q A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Account Debit Credit Answered over 90d ago Q I need help with an accounting problem, it is Kate's cards in As of 06/30/20XX Unadjusted Trial Balance Account Debit Credit Cash 50,650. 00 The Goldwater Company’s accounting year ends March 31, 20XX. 00 Total Current Liabilities 480. Singer's company had the following business transactions during the first month of operation in. 75 51436. Ending 12/31/20xx Unadjusted Trial Balance Account Debit Credit Cash Baking S From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: A. Common Stock 25,000. Prepaid Rent 7,170. June 1: Owner purchased a company vehicle in the amount of $15,000. Black Company's unadjusted and adjusted trial balances on December 31, 20XX, are as follows: Unadjusted Adjusted Specifically, you must address the following rubric criteria: - Income Statement: Prepare the income statement using the adjusted trial balance - Statement of Owner's Equity: As of 06/30/20 XX Company Name Statement of Owner's Equity Period Ending 06/30/20XX A Company General Journal Entries A Company Income Statement For Month ending 06/30/20XX A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 50,398. 00 Medicare payable 110. What accounting book is used in the preparation of a Trial Balance? a. 75 Note** The Baking Supplies 1,100. The following account balances were extracted from the ledger: Cash: $10,000Accounts Receivable: $5,000Inventory: $15,000Equipment: $20,000Accumulated Depreciation: $2,000Accounts Payable: $8,000Capital (Owner's Equity): $25,000Revenue (Sales): $30,000Rent Expense: Question: 3. The accounting records are maintained on an accrual basis. Goldwater Company Work Sheet. 75 Baking Supplies 1,100. For the Year Ended March 31, 20XX. 00 Notes A Company Trial Balance 20xx Unadjusted trial balance Adjusting entrie es Adjusted trial balance. Adjusted Trial Balance. plus. 75 Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Determine the missing account balance in the following trial balance: EUPIPE Limited Company Trial Balance September 30, 20XX Account titles Debits ($) Credits ($) Cash 14,600 Accounts Receivable 21,000 Inventory 15,090 Accounts Payable 13,600 Notes Payable 13,000 Capital Stock 15,000 Retained Earnings, As of 06/30/20XX Unadjusted Trial Balance Account Debit Credit Cash 50,650. 10th Edition. 3-OctCash 10,000. On December 31, 20XX, XYZ Company prepared a trial balance. Your solution’s ready to go! Our expert help A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Account Debit Credit Debit Credit. 00 Accounts Receivable 3,500. 3. March 5: Owner contributed office furniture valued at $2,750 and cash COMPANY NAME Balance Sheet As of 06/30/20XX. 60 445. 00 Federal income taxes payable 540. What Total is shown on the 12/30 Trial Balance? 82,513. Steely Company Adjusted Trial Balance Purchased merchandise on account from Tice Manufacturing Company, vendor number 1 The purchase invoice is number 3356 for $8. 00 Wages Payable 325. A Company Trial Balance 20xx Unadjusted trial balance Adjusting Answered step-by-step. March 1: Owner paid $250 to the county for a business license. 00. Post the adjusting entries to the general ledger. 00 Prepaid Insurance 750. June 3: Owner took out a small business loan in the amount of $25,000. Financial Statements: Create financial statements using appropriate methods based on accepted accounting principles. (19-23) Stockton Company. 00 18 boxes 12/30 : 25 boxes purchased at $6. 18Dr May 31, 20xx 15 #92, 30 d SJ4 288. See answer. TRIAL BALANCE . 60 108,059. . Ending 12/31/20xx Unadjusted Trial Balance Account Debit Credit Cash 51,436 Note** These are the same accounts that are listed on the balance sheet Baking Supplies 1,100. Prepare a correct trial balance, assuming all account balances are normal. Balance Your solution’s ready to go! What are the account balance from 10/1/20XX to 12/30/20XX in these accounts? Indicate whether these accounts have debit (dr. Balance Sheet balances b. 00 Office Supplies 750. Equity Accounts Acct # Acct # 201 Owner's Capital 301 202 Owner Draws 302 203 Revenue Accounts Acct # Service Revenue 401 Expense Accounts Acct # Rent expense 501 Business License Expense 502 Telephone expense 503 Repairs and Maintenance 504 Advertising Expense 506 3366 Homework The trial balance of My Motor, Inc. 00 Prepaid Insurance 125. 00 Baking Equipment We store cookies data for a seamless user experience. A trial balance also provides a: Question 3 options: Summary of the next profits made during the period Sum Get the answers you need, now! The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. xls from BOOKKEEPING BF001 at Robertson College. Using the accrual method, what's the unearned revenue as of December 31 Dec 31, 2020 · Question: ABC Company Adjusted Trial Balance December 31, 20xx Debit Credit Cash 60. Adjusted Trial Balance: Prepare the adjusted From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: A. Debit CreditCash $ 126,934 Accounts Receivable 225,500 Inventory 95,125 Debt Investments 0 Land 650,000 Buildings Aug 14, 2022 · A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. March 1: Owner borrowed $125,000 to fund/start the business. All 20XX transactions have been recorded except for the items described on the next page. 0 335,000251,449 0$ 2,763,570 $ 10,315 Answer to A Company Post-Closing Trial Balance Qtr. Using the accrual method, what's the unearned revenue as of December 31. 00 1,956. Ending 12/31/20xx Unadjusted Steely Company Income Statement For the Year Ended December 31, 20XX Fees Earned $6,600 Expenses: Wages Expense $1,450 Rent Expense 900 Utilities Expense 475 Depreciation Expense 150 Miscellaneous Expense 75 Total Expenses 3,050 Net Income $3,550 Steely Company Statement of Owners Equity For the Year Ended December 31, 20XX Steely Specifically, you must address the following rubric criteria: - Income Statement: Prepare the income statement using the adjusted trial balance - Statement of Owner's Equity: A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Account Debit Credit Debit Credit Cash 77,976. Trial Balance at December 31, 20XX is presented below. 00 Notes Payable Company Name Statement of Owner's Equity Period Ending 06/30/20XX Beginning Capital on Downtown Cabinet Company Trial Balance 11/30/20XX Cumulative for 20XX DR. Accounts Payable - $770 2. 65 Prepaid Rent 1,500. 10 points Credit Debit $ 7,000 27,200 42,000 eBook $ 17,500 32,000 Hint Number 101 106 153 154 102 183 201 201 209 The following events occurred in March: March 1: Owner borrowed $125,000 to fund/start the business. Total Revenues 5,525. Add answer +10 pts. 78 110 Accounts Receivable Control 3,665. Cash 5,010. Office Equipment - $900 3. March 2: Owner signed lease on office space; paying first (March 20XX) and last month’s rent of $950 per month. 830 Merchandise Inventory 127. Balance Debit Credit Cash Accounts receivable Accounts payable Common Stock A Company Post-Closing Trial Balance Qtr. Record the balances of the trial balance in the general ledger. Company Y Adjusted Trial Balance Income Statement For the Year Ended Aug 23, 2023 · Trial Balance As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash 50,650. 20xx. Prepaid Rent 1,500. 678 Petty Cash 1,000 Notes Receivable 30. 00 Prepaid Insurance Harris Company Trial Balance December 31, 20XX 25,000 40,000 5,000 1,900 The Harris Company unadjusted trial balance appears as follows: 560, Depreciation Expense, Office Equipment - 570. Chapter 3 Saved Help Save & Exit Submi Check my work 8 The adjusted trial balance for Happ Company follows. During the financial year 20XX-XY total value of supplies including inward supplies taxed under reverse charge basis are as follows: i) Intra state supplies of goods chargeable to Nil rate of GST- ₹15,00,000 ii) Intra state supplies made under forward charge - ₹88,50,000 (including GST@18%) iii) Intra state The following trial balance was provided for Feb 10th, 20XX. The company’s Trial balance as at 1 December 20X8, appears below: Inventory 5,000 Equipment 3,700 Payables 500 Receivables 300 Cash at Bank 1,200 Capital ? During December, Andrew Joel: 1. ) or credit (cr. ABC Company Adjusted Trial Balance December 31, 20xx "ABC Company considers these items "Selling Expenses. 00 Accumulated Depreciation 250. P Get the answers you need, now! The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Chapter 6: Exercise 2 Manual Bookkeeping - 8th Edition S A L E S J O U R N A L Page: SJ4 Accounts GST PST 20xx Trial Balance May 3 #82, 30 d SJ4 157. All 20XX transactions have been recorded except for the items described on the next page. 00 Baking Equipment 5,000. 76 Prepaid Rent 1,500. 00 157. 200 Estimated Returns Inventory 1,500 Prepaid Insurance 6,540 Office Supplies 1,250 Delivery Equipment 60. Q The assembly department had beginning work in process of 19,000 units, ending work in process of 23,000 units and units A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. Use the adjusted trial balance for Stockton Company to answer the questions that follow. General Ledger accounts b. more. 00 Prepaid Insurance A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. Trial Balance, January 31, 2013 Amount in Rs. Accounts Receivable 3,640 The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. A Company Income Statement For Month Ending 06-30-20XX Revenues Service Revenues 5,525. Prepare an unadjusted trial balance for September 30, 20XX For Course Project Electron Company Trial Balance June 30, 20xx. FINANCIAL ACCOUNTING. Office Supplies 750. 00) fix this balance sheet for both assets and liabilities using the adjusted trial balance A Company Balance Sheet As of June 30, 20XX Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Cash 50,650. Accumulated Depreciation 250. Income Statement balances 3. 00 The business is known as Sarah's Designs, Inc. Notes Payable 10,000. Date Accounts Debit Credit. 00 Accounts Payable Question: The following is the adjusted trial balance for Steely Company for the year ending December 31, 20XX. The Trial Balance is used to check the accuracy of what? a. 00 The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Adjusting Entries: Prepare the “Adjusting Entries” tab of the company accounting workbook. 00 Accounts Receivable2,975. 00 Prepaid Insurance Q The accounting records of Claytown Arts showed a balance of $ 2 comma 000 in Estimated warranty payable at December 31, Answered over 90d ago Q Provide regular financial reports on the assets refrigerator which cost Prepare a trial balance from the ledger accounts of Swisher Company as of January 31, 20XX. 00 $8,500 1-Oct Baking Equipment Accounts Payable $8,500 $10,000. 00 Accumulated Depreciation (208. Merchandise Inventory The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. XXX Company Unadjusted trial balance 31 January, Log in Join Company SUTA rate 2. Baking Supplies 20,500. 00 3-Oct Cash Notes Jun 30, 2020 · ABC Company Unadjusted Trial Balance June 30, 20xX Debits Credits Cash Accounts Receivable Supplies Inventory Prepaid Insurance Prepaid Rent Prepaid Expenses 25,000 10,000 15,000 10,000 2,500 75,000 Dec 31, 2020 · Business; Accounting; Accounting questions and answers; Delphinium Corp. Notes Payable Accounts Payable Bonds Payable Common Stock Retained Earnings 1/1/2016 17 Trial Balance As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash 50,650. The trial balance represents all income and expense accounts for the year ended 31 August 20xx. Brown Company has a credit balance of $2,095 in The business is known as Sarah's Designs, Inc. Dictates where an account appears in all reports. Q please answer for me thank you so much Eastern Flying Ltd's unadjusted and adjusted trial balances on December 31, 2006, A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. 00 Office Supplies750. 75 Prepaid Rent 1,500. A Company Balance Sheet As of June 30, 20XX Assets Jul 27, 2024 · SHEILA JAMES DANCING STUDIO Partial Trial Balance October 31, 20XX \begin{tabular}{lll} Fee Income & & \ 310 \\ Salaries Expense & \ 1,200 & \\ Rent Expense & \ 600 & \\ On October 1, a client pays a company the full $12,000 balance of a year-long contract. 00 Prepaid Insurance A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Account Debit Credit Debit Credit. Mar 31, 2020 · Unformatted text preview: Trial Balance As of 03/31/20XX Unadjusted trial balance Account Debit Credit Cash 138,515. RivvytheFanboy46441 is December 31, 20XX, according to the Trial Balance, the Office Supplies account has a balance of 2,100. 00 Notes Payable 25,000. Debit CreditCash $ 126,934 Accounts Receivable 225,500 Inventory 95,125 Debt Investments 0 Land 650,000 Buildings 500,650 Question: Trial BalanceAs of 0630?20xx Overview The following events occurred in June:June 1: Owner contributed $50,000 in cash to the business. 00 Prepaid Insurance750. A Company Trial Balance 20xx Unadjusted trial balance Adjusting entries Account Debit Credit Debit Credit. ) Trial Balance As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash 50,650. Company Name Trial Balance As of Feb. Ending 12/31/20xx Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated The following trial balance was provided for Feb 10th, 20XX. 65 175. 00 Prepaid Insurance Trial Balance As of 06/30/20XX Unadjusted trial balance Account Debit Credit Cash 50,650. ISBN: 9781259964947. 00 Prepaid Transcribed Image Text: Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Unadjusted Adjusted Tria A Company Trial Balance 20xx Unadjusted trial balance Adjusting entri Account Debit Credit Debit Cash 51,436. 20XX trial balance (page 21 and the general ledger (Appendix A) Date Transaction 20XX Dec. gbpo sdyzop nto xtd zidfw pmg rfu dsdpr fykhe cfadp