Adjusted Trial Balance Debit Credit Cash $ 32,000 Accounts receivable 17,300 Prepaid insurance 6,400 10,000 Land $ 10,900 Accounts payable Salaries payable Common stock 6,000 31,000 Retained earnings Dividends 4,200 8,000 Service revenue 74,000 5,600 Insurance expense Salaries expense Miscellaneous expense 24,000 22,800 126,100 126,100

Q: M. SANTOS Adjusted Trial Balance December 31, 2011 Adjusted Trial Balance Debit 212,000 P 60,000…

A: The financial statements are prepared to calculate the financial performance of the company during…

Q: General Ledger Account Number 318 Salaries Expense Balance 93,000 Retained Earnings Date Account…

A: Ledger account is the summary of transactions made as journal entries. It provides a record of each…

Q: Chapter 3: The Accounting Cycle: End of Period Adjusted Trial Balance Debit Credit Cash 40,000…

A: Since you have posted a question with multiples sub-parts , we will do the first three sub-parts for…

Q: What is the total amount of credits? Cash : 12,000 Retained earnings : 31,000 Prepaid Rent : 2,000…

A: In accounting, there are two sides of each account. One is debit and other is credit. All assets and…

Q: A company's trial balance included the following account balances:   Accounts Payable $ 19,347…

A: Total liabilities = Accounts payable +  Income tax payable + Notes payable + Wages payable

Q: Account Titles Debit Credit Cash 11,400 5,620 1,050 Accounts Receivable Supplies Prepaid Insurance…

A: The adjustment entries are prepared to adjust the revenue and expenses for the current period.

Q: Cash 5,209 Accounts Receivable 2,798 Prepaid Expenses Equipment Accumulated Depreciation Accounts…

A: Introduction: Balance sheet: All Assets and liabilities are shown in balance sheet. It tells the net…

Q: Identify the  errors in the following trial balance. All accounts have normal balance

A: Introduction: Trial Balance is prepared to check the arithmetical accuracy of ledger postings. All…

Q: Cash 29,400 Unadjusted Trial Balance Adjustments Common Stock 40,800 Account Names Debit Credit…

A: 1. Accounting Equation - Accounting Equation is calculated using following equation - Assets =…

Q: Account Title Debit Credit 20,000 13,000 Cash Equipment Accumul.Dep-Equipment Supplies Prepaid Rent…

A: The post closing trial balance is prepared to record the final balance of each permanent account of…

Q: Adjusted Trial Balance Debit Credit Cash $25,000 Accounts Receivable 13,900 Prepaid Insurance 5,200…

A: Post-closing trial balances are prepared after all the closing entries, in which all the temporary…

Q: Accounts Unadj Trial Balance   ---adjustments---- Adjusted Trial Balance         Debit     Credit…

A: A trial balance's main function is to confirm that the entries in a firm's accounting system are…

Q: Services. accounting ation of ments. Debit Credit Cash Accounts Receivable Supplies Equipment $…

A: Journal Entry: Journal is the first place where a transaction is recorded. It contains record of…

Q: The Lexington Group Unadjusted Trial Balance May 31, 20Y6 Debit Balances Credit Balances Cash 20,350…

A: There are errors that may occured while making journal entries or posting transactions that leads to…

Q: prepare closing entry

A: Closing entries are those journal entries which are passed to transfer the balances of temporary…

Q: how would I set up a closing trial balance     Accounts Debit Credit Cash 37,700   Prepaid…

A: The temporary account are to be closed at year end to transfer the balance to balance sheet.

Q: Cash Accounts Recelvable c. 1,800 2,250 Equlpment 7,500 h. 4,500 b. b. 20,000 750 a. 7,500 4,000 g.…

A: T accounts are the basic accounting records used by an individual to understand and maintain the…

Q: Cash Accounts Receivable Supplies Prepaid Rent Merchandise Inventory (24 e $265; 1 e $260) Land…

A:

Q: $12,000 $10,500 Accounts payable. $3,900 Equipment.. Salarles expense Accounts recelvable. V.…

A: Formula: Net income = Total revenues - Total expenses

Q: Debit $ 1,390 3,600 3,900 4,600 20,000 Credit Cash Accounts Receivable Prepaid Insurance Notes…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Accounts Balances Accounts payable Accounts Receivable Administrative expenses 108,000 Cash DBA…

A: Formula: Net profit = Revenues - Expenses

Q: 6. Prepare Extended Trial balance using spread sheet. Account Title £ Account Title £ Salaries…

A: Trial balance means a statement which include all the debit or credit balances of accounts from…

Q: Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 8,130 Accounts…

A: Closing entries are used to transfer the balance from a temporary account to a permanent account. We…

Q: follows: Debit P6,000 Account Titles Credit Notes Receivable Supplies Accounts Payable P300 600…

A: The balance sheet shows the financial position of the company that including the assets,…

Q: Accounts payable Notes receivable Office Equipment Access, capital Accrued income P 52,500 14,500…

A: Solution: Total Assets = Note Receivables + Office Equipment + Accrued Income + Machinery + Cash

Q: Whitaker Consulting Company has prepared a trial balance on following partially completed worksheet…

A: Worksheet is a 10 column sheet which is being prepared for to first show unadjusted general ledger…

Q: Lasko Trial Balance as of 12/31/20     Unearned Revenue             21,000 Supplies…

A: Financial statements are those that contain all the financial information of the company and is…

Q: Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts…

A: Current liabilities: Amounts due to be paid within one year or within one operating cycle, whichever…

Q: Adjusted Trial Balance Debit Credit Dividends $24,000 Sales Revenue $194,000 Automobile Expense…

A: Journal entry is the process of recording the business transactions in the accounting books for the…

Q: What is the total amount of liabilities? Cash 12,000 Supplies 4,500 Prepared rent 2,000 Salaries…

A: Liability -  Liability is an obligation on the company which involves cash outflow.  Liability…

Q: Trial Balance Adjusted Trial Balance Debit Credit Debit Credit Cash $ 5,410 5,410 Accounts…

A: Journal Entry - It is record of every business transaction over day to day life whether it is…

Q: Legal Aid Inc. Trial Balance 31-Mar-20 Accounts Debit Credit Cash 5,450 Accounts Receivable 16,200…

A: Legal Aid Inc. Trail Balance 31'March'2020 Cash        5,450   Accounts Receivable…

Q: Adjusted Trial Balance Cash Prepaid Insurance Equipment Notes Payable Common Stock Retained Earnings…

A: Closing journal entries are the entries that are done at the end of a certain period (generally at…

Q: Cash $ 25,310 C. Camry, Withdrawals 22,320 Consulting fees earned 5,200 Rent expense 43,970 Salaries…

A: Please go through the step 2.

Q: Accounts Debit Credit Cash $ 12,000 Accounts Receivable 150,000 Prepaid Rent Supplies Equipment…

A: Formula: Net income = Revenues - Expenses

Q: Accounts Debit Credit Cash 5,450 Accounts Receivable 16,200 Supplies Prepaid Insurance Equipment…

A: The adjustment entries are prepared to adjust the revenue and expenses for the current period.

Q: Revenue on account amounted to $7.200. Cash collections of accounts receivable amounted to $4,700.…

A: Net income is equal to revenue minus expenses . dividend is not an expense , as it is paid out of…

Q: A. Income ement B. Retained Earnings Statement E Batance SheeMsimpteunelassified) Adjusted Trial…

A: Income statement is one of the financial statement which shows all incomes and all expenses and at…

Q: Adjusted Trial Balance Debit Credit $ 32,000 17,300 Cash Accounts receivable Prepaid insurance 6,400…

A: Information regarding revenues, expenses, assets, liabilities, dividend, and equity are provided by…

Q: 1. Issued $10,000 of common stock for cash. 2. Provided $80,000 of services on account. 3. Provided…

A: According to accounting equation, assets equal to sum of liabilities and owners'  equity.

Q: Adjusted Trial Balance Account Titles Dr. Cr 101 Cash 5,468 106 Accounts Receivable 19,000 115 Other…

A: Closing Entries - Closing entries are required to close the temporary accounts after making…

Q: prepare postclosing etnry

A: Post-Closing Trial Balance: After passing all the journal entries and the closing entries of the…

Q: Genie Car Wash, Inc. Trial Balance April 30, 20X9 Balance Account Title Debit Credit Cash. . $33,300…

A: Financial Statements are prepared by the management for reporting purposes. These are the essential…

Q: Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts…

A: Lets understand the basics. Shareholders equity includes total of common stock issued plus retained…

Q: Calculating the debt ratio John Hart, M.D., reported the following trial balance as of September 30,…

A:

Q: $35,500 Account Receivable $12,000 Allowance for uncollectable $3,000…

A: Balance Sheet: Balance sheet is one of the financial statements used to represent the assets and…