Homework Help is Here – Start Your Trial Now!
Business
Accounting
Cash Accounts Receivable Prepaid Rent LISPRIC Cooking Supplies - Building - Accumulated Depreciation -Building CAFFE Cooking Equipment = Accumulated Depreciation -Cooking Equipment - Notes Payable - Accounts Payable Accrued Salaries Accoued Inter Accrued Interest Delenray Capita Palaganas, Capital Palaganas, Drawings Gourmet Cooking Revenues Falocard Salaries Expenses - Travel expense Advertising expenses Insurance Expense Ublities Expense Miscellaneous Expense Depreciation Expense Rent Expense Cooking Supplies Expense Interest Expense TOTAL Net Profit Unadjusted Trial Balance Credit 504,000 789,000 144,000 357,000 530,000 1,250,000 870,000 240,000 619,000 127,000 215,000 40,000 102,000 46,000 5,833,000.00 5,833,000.00 Debit Remedios Palaganas Gourmet Food Worksheet For year ended December 31, 2020, Adjusting Entries Debit Credit Debit 413,000 212,000 1,400,000 117,000 1,435,000 2,256,000 27,000 80,000 72,000 332,000 252,000 763,000.00 Adjusted Trial Balance Balance Sheet Credit Credit 504.000 504,000 789,000 789,000 72,000 72,000 25,000 25,000 $30,000 530,000 1,250,000 1,250,000 441,000 870,000 870,000 264,000 1,400,000 117,000 27,000 252,000 1,435,000 240.000 240.000 646,000 646,000 127,000 127,000 215 215,000 40,000 40.000 40,000 102,000 102.000 46,000 80,000 46,000 80,000 72,000 72,000 332,000 332,000 252.000 252.000 763,000.00 5,977,215.00 6,192,000.00 1,912,000.00 2,256,000.00 4,280,000.00 3,936,000.00 344,000.00 344,000.00 2,256,000.00 2,256,000.00 4,280,000.00 4,280,000.00 72,000 332,000 28,000 52,000 27,000 252,000 441,000 264,000 1,400,000 117.000 27,000 252,000 1,435,000 2,256,000 Debit Income Statement Credit 2.256.000 Debit

Cash Accounts Receivable Prepaid Rent LISPRIC Cooking Supplies - Building - Accumulated Depreciation -Building CAFFE Cooking Equipment = Accumulated Depreciation -Cooking Equipment - Notes Payable - Accounts Payable Accrued Salaries Accoued Inter Accrued Interest Delenray Capita Palaganas, Capital Palaganas, Drawings Gourmet Cooking Revenues Falocard Salaries Expenses - Travel expense Advertising expenses Insurance Expense Ublities Expense Miscellaneous Expense Depreciation Expense Rent Expense Cooking Supplies Expense Interest Expense TOTAL Net Profit Unadjusted Trial Balance Credit 504,000 789,000 144,000 357,000 530,000 1,250,000 870,000 240,000 619,000 127,000 215,000 40,000 102,000 46,000 5,833,000.00 5,833,000.00 Debit Remedios Palaganas Gourmet Food Worksheet For year ended December 31, 2020, Adjusting Entries Debit Credit Debit 413,000 212,000 1,400,000 117,000 1,435,000 2,256,000 27,000 80,000 72,000 332,000 252,000 763,000.00 Adjusted Trial Balance Balance Sheet Credit Credit 504.000 504,000 789,000 789,000 72,000 72,000 25,000 25,000 $30,000 530,000 1,250,000 1,250,000 441,000 870,000 870,000 264,000 1,400,000 117,000 27,000 252,000 1,435,000 240.000 240.000 646,000 646,000 127,000 127,000 215 215,000 40,000 40.000 40,000 102,000 102.000 46,000 80,000 46,000 80,000 72,000 72,000 332,000 332,000 252.000 252.000 763,000.00 5,977,215.00 6,192,000.00 1,912,000.00 2,256,000.00 4,280,000.00 3,936,000.00 344,000.00 344,000.00 2,256,000.00 2,256,000.00 4,280,000.00 4,280,000.00 72,000 332,000 28,000 52,000 27,000 252,000 441,000 264,000 1,400,000 117.000 27,000 252,000 1,435,000 2,256,000 Debit Income Statement Credit 2.256.000 Debit

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.6E: Selling Expenses and General and Administrative Expenses Operating expenses are subdivided between...
See similar textbooks
icon
Related questions
Question
Prepare the closing entries and Post Closing Trial Balance of Remedios Palaganas Gourmet Food. CS Scanned with CamScanner
Transcribed Image Text:Prepare the closing entries and Post Closing Trial Balance of Remedios Palaganas Gourmet Food. CS Scanned with CamScanner
I CS Scanned with CamScanner Cash Accounts Receivable Prepaid Rent Cooking Supplies Land wa Building Building Accumulated Depreciation -Building Cooking Equipment Accumulated Depreciation -Cooking Equipment Notes Payable Accounts Payable - Accrued Salaries Accrued Interest Palaganas, Capital Palaganas, Drawings - Gourmet Cooking Revenues - Salaries Expenses - - Travel expense www. Advertising expenses Insurance Expense P Utilities Expense PANAS Miscellaneous Expense Depreciation Expense Rent Expense Cooking Supplies Expense Interest Expense TOTAL Net Profit Remedios Palaganas Gourmet Food Worksheet For year ended December 31, 2020, Adjusting Entries Credit Debit Debit 72,000 332,000 28,000 52,000 27,000 252,000 Unadjusted Trial Balance Credit 504,000 789,000 144,000 357,000 530,000 1,250,000 870.000 240,000 619,000 27,000 127,000 215,000 40,000 102,000 46,000 80,000 72,000 332,000 252,000 5,833,000.00 5,833,000.00 763,000.00 Debit 413,000 212,000 1,400,000 117,000 1,435,000 2,256,000 Debit Adjusted Trial Balance Credit 504.000 504,000 789,000 789,000 72,000 72,000 25,000 25,000 $30,000 530,000 1,250,000 1,250,000 441,000 870,000 870.000 264,000 1,400,000 117,000 27,000 252,000 1,435,000 240.000 240.000 646,000 646,000 127,000 127,000 215 215,000 40,000 40,000 2000 102,000 102,000 46,000 46,000 80,000 80,000 72,000 72,000 332,000 332,000 252,000 252,000 763,000.00 5,977,215.00 6,192,000.00 1,912,000.00 2,256,000.00 4,280,000.00 3,936,000.00 344,000.00 344,000.00 2,256,000.00 2,256,000.00 4,280,000.00 4,280,000.00 Income Statement Credit 441,000 264,000 1,400,000 117,000 27,000 252,000 1,435,000 2,256.000 2.256.000 Balance Sheet Credit Debit
Transcribed Image Text:I CS Scanned with CamScanner Cash Accounts Receivable Prepaid Rent Cooking Supplies Land wa Building Building Accumulated Depreciation -Building Cooking Equipment Accumulated Depreciation -Cooking Equipment Notes Payable Accounts Payable - Accrued Salaries Accrued Interest Palaganas, Capital Palaganas, Drawings - Gourmet Cooking Revenues - Salaries Expenses - - Travel expense www. Advertising expenses Insurance Expense P Utilities Expense PANAS Miscellaneous Expense Depreciation Expense Rent Expense Cooking Supplies Expense Interest Expense TOTAL Net Profit Remedios Palaganas Gourmet Food Worksheet For year ended December 31, 2020, Adjusting Entries Credit Debit Debit 72,000 332,000 28,000 52,000 27,000 252,000 Unadjusted Trial Balance Credit 504,000 789,000 144,000 357,000 530,000 1,250,000 870.000 240,000 619,000 27,000 127,000 215,000 40,000 102,000 46,000 80,000 72,000 332,000 252,000 5,833,000.00 5,833,000.00 763,000.00 Debit 413,000 212,000 1,400,000 117,000 1,435,000 2,256,000 Debit Adjusted Trial Balance Credit 504.000 504,000 789,000 789,000 72,000 72,000 25,000 25,000 $30,000 530,000 1,250,000 1,250,000 441,000 870,000 870.000 264,000 1,400,000 117,000 27,000 252,000 1,435,000 240.000 240.000 646,000 646,000 127,000 127,000 215 215,000 40,000 40,000 2000 102,000 102,000 46,000 46,000 80,000 80,000 72,000 72,000 332,000 332,000 252,000 252,000 763,000.00 5,977,215.00 6,192,000.00 1,912,000.00 2,256,000.00 4,280,000.00 3,936,000.00 344,000.00 344,000.00 2,256,000.00 2,256,000.00 4,280,000.00 4,280,000.00 Income Statement Credit 441,000 264,000 1,400,000 117,000 27,000 252,000 1,435,000 2,256.000 2.256.000 Balance Sheet Credit Debit
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Methods of accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781305084087
Author:
Cathy J. Scott
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS